We have more strategies and tools available to us now. I think that the first move off the bottom will be big. I’m looking to go 2X ETFs with some of my money.
However, I think that if we do get a rally, that it will not be sustained for any more than 6 months. There [...]
Yesterday it was the metals stocks. Today, it’s Wall Street-related stocks. The Bullish Percent Index for a group of 41 firms tracked by Dorsey Wright went to 0% bullish.
Yep, 0.00000%.
Banks and brokers are going out of business, maybe as soon as this weekend.
According to investors, there will be no more Wall Street. We will [...]
The world is definitely coming to an end now.
You will now have to pay to park your funds in your bullshit money market fund. Brokers will be charging a 5.75% load just to screw everybody one last time.
People, lighten up. It’s only money. I’m talking to you too, Donny.
The government will simply print more. It’s job is to make us rich comrades, while they take over all the banks in the United Socialist States of America.
So, open up another Pabst, kick back in your pleather chair, reminesce about on the good ol’ days and drink it [...]
I’ve always believed that crashes are fairly predictible because human nature is fairly predictible.
This market is setting up for a crash on Monday. Trust me.
This will be the third market crash of my investment career. A trifecta.
I think this one is mirroring the Oct ‘87 crash. We shall see.
Regardless. I do agree with the Fly that [...]
That’s right. The world no longer needs metal. We’re going to start making cars out of lightweight plastic. You know, to increase fuel efficiency and all that. Owning anything made of metal, in the future, will be outlawed.
Yesterday’s action took the bullish percent index on the non-ferrous metals sector to ZERO. No stocks are on [...]
Short term trades.
(SSO: 29.00 -2.36%) , @ $36.66
(QLD: 33.31 +1.49%) , @ $37.88
….ssshhh. Hank is speaking….
For a short term trade. Stop @ $39 for Freeport-McMoRan Copper & Gold Inc. (FCX: 36.35 -4.12%) .
Disclaimer: Gunslinger trade on a cyclical stock that has been severely pummeled and beaten with a miners shovel. Trade at your own risk.
Just a quick note: The NYSE Bullish Percent is now sitting at 9%.
It has not been this low in over 20 years. We’re talking about fear and panic based pessimism here.
Five weeks ago, it was at 45%.
There is definitely opportunity for a trade here. But, with the magnitude of this crisis, I’m waiting until [...]
The world is for sale. We will continue to see the financial institutions “de-lever” as egregious liquidity needs continue to force the sale of any assets that don’t have a government stamp of approval on them.
“Quality” assets are at fire sale prices. Get yours (but not just yet).
Up to this point, we’ve seen piecemeal approaches [...]
