Search results

I think we have a shakeout day on our hands. We'll see. Boy that was the understatement of the year!!! Note from a trader's desk. So the markets are in panic mode. We are still in range expansion mode. No one and I mean no one was stepping in front of the train today until we...

Boy that was the understatement of the year!!!

Market meltdown mode. Hedged my longs to prevent loss at Fridays low. Remain 75% cash, 25% hedged position which will take a few weeks to unwind. This could come unglued. Vix continues to expand. Scalping and making money now.

I think we have a shakeout day on our hands. We'll see.

The dollar is getting clobbered. Correct me if I'm wrong but ES could explode. We may reverberate a bit but this may snapback so hard some will get their necks snapped. I wish I wasn't such a namby pamby trader and bought a lot more. But sometimes it's hard to step in front of a freight...

Perusing the response thus far it looks like a gap down reverse but no traction on the upside until we wash a few more times. Unless of course another event trumps this event---Europe, FED, WH, etc. This is like a game of "Hearts" also called screw your neighbor. The Quenn of Spades has...

I'd like to check my account value please. What are those VIX Sept 11 puts looking like. I saw a guy smoking a cigar drive by with a new boat called "Long VIX Calls." Do you know him. JK

Mav you make too much sense forget it and just bank the bakshish.

Shake the shares from the sheeple then squeeze the crap outta the people with the cajones to short at the bottom. Volume speaks volumes about Friday. Last week was a blow-off week. The issue is about risk premium valuations. PE's are "cheap" now and in line with previous market bottoms but...

David Beers was trembling a bit in the video. Wasn't sure if he was tired or rattled. Likely both. Gotta think a few powerful people aren't happy.

There is a sh!tload of money changing hands right now!!!

Cha ching M*therf^cker!!! I don't cuss routinely. That felt good.

Parsed it for you. It's support at 1150 and high of 1350. So if my elementary school math still works it's 30-50 pt downside to 200 point upside or hedge 4:1 UP. The rest of the read is good after the relief rally.......

I agree and understand. As a disclaimer I believe a 1/2% increase is prognostication only. As far as Asia owning the West I gotta say I doubt it. Culturally there are reasons for Western Civilization prospering over the long haul---the book "Carnage and Culture" by Victor Davis Hansen is a...

I agree. I bought the puke but I may not hold the puke. Waiting on the street's reaction next week.

Oh I forgot to answer the question----Interest rates will go up 1/2% but not immediately. The 1/2% increase will go to keep the bond sales flowing. Anymore and they'll kill the "recovery."

Long story short is the equities market is about profits and psychology. USD strength is about relative value to commodities and other currencies. Unless interest rates go up, or the gov't raises taxes and cuts spending the dollar will continue its slide. A couple of interesting factors...

Not to pick on Faber but way to stick your neck out. WTF Rally 40-50 points?? Volatility has us moving up and down 50 points in a day now. Monday is gonna be wicked volatile. This may not play out how people think. Money flows can be tricky. For instance---World markets WILL ROIL...

No he was too busy entering buy orders.........

We're looking more bottomly at least for a few days after this am's action. Vix spiked higher yet buying was on hand which means we spike up Monday. Just guessing.