Sobering Stat: ARMS Index Indicates Market Is at Peak, Not Bottom [View article]
many of us who watch these markets closely bought the crash, i was pounding the table to all who listened to buy in March...
now im telling them to sell, as most of the plays we found value in are now 2,3 500%+ higher and not looking so cheap anymore, p/e, p/s, p/book for many stocks are very high now and the financials... hell they dont even have to report an honest balance sheet, many are borrowing at no interest and some like AIG and FNM are not even paying interest on certain obligations, so no reason to take on risk with those...
the only thing to continue to speculate on is energy, one of the few sectors where there is still somewhat steady consumer spending... if dollar goes where it should (down), if oil can break 75 and nat gas can put in some kind of bottom, this mkt will be worth trading higher... otherwise protect the gains you should have made off this great rally!
Hedging Strategies for the Next Move Down [View article]
why hedge the mkt only goes up, any puts ive bought for protection this last month were $ just thrown away,.. let GS have their 10k first, BAC at 20 etc
know the one i liked was in '06 or '07 barrons had a big coverstory on GE, saying it was undervalued at mid $30 and could see $50... stay away from their picks jmho
Sobering Stat: ARMS Index Indicates Market Is at Peak, Not Bottom [View article]
now im telling them to sell, as most of the plays we found value in are now 2,3 500%+ higher and not looking so cheap anymore, p/e, p/s, p/book for many stocks are very high now and the financials... hell they dont even have to report an honest balance sheet, many are borrowing at no interest and some like AIG and FNM are not even paying interest on certain obligations, so no reason to take on risk with those...
the only thing to continue to speculate on is energy, one of the few sectors where there is still somewhat steady consumer spending... if dollar goes where it should (down), if oil can break 75 and nat gas can put in some kind of bottom, this mkt will be worth trading higher... otherwise protect the gains you should have made off this great rally!
Hedging Strategies for the Next Move Down [View article]
Barron's Calls a Bottom [View article]
Laszlo Birinyi: S&P 750's the Bottom - Barron's Interview [View article]
10 Contrarian Reasons for a Bottom [View article]
Is a 'Shock and Awe' Rally Imminent? [View article]
add short today and tomorrow if u want $$
Wednesday Market Roundup: Sharp Price Drops in Underlying Commodities [View article]