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You guys are so wrong it's sick.... guess that's what makes a market though. We could easily have another significant leg down but in 5, 10, 15, 20 years, this market will be significantly higher and if you disagree then obviously continue shorting and holding... you can short and hold from...

And you're why I find ET so funny, welfare recipients claiming to be millionaires while predicting the Dow at 3000 in 5 years .. it's pathetic how wrong you are. Go short the market and hold for 5 years if you're so confident, at least I have my money where my mouth is

No, you're WAY off, go trade, don't see how you make a living with close to 10,000 posts.. WOW

I loaded up in my IRA today on SPY's.. I'm not looking 5 years out, I'm looking 30 years out but I'm more confident than I can explain in a simple post how confident I am we won't be a 3 fekin 000 in the Dow in 5 years

I'm sorry, but this is the most pathetic prediction I have ever seen. Under 3000 in the Dow in 5 years.. honestly, I almost fell off my chair laughing there!!!!

Lime, thanks so much, great stuff

Sorry but what in the hell does this have to do with anything? Just looking for a list of highest % gains in stock market history.

Does anyone know the top let's say 50 biggest Dow Jones or S&P % daily gains since let's say 1900? Thanks

I took profit on USO and RSX today, yes it represented an incredibly small portion of my equity but a profit is a profit.

I'm not a trader? I will compare my trade sheets to yours ANY DAY, bring it on buddy, put up or shutup, child.

OldTrader, going into an overnight trade with a big % of your capital is a great way to blow up. I've had longevity in this business and I'm not planning on changing my conservative style. I'll be here trading in 40 years... your responses lead me to believe you will blow up before then...

Yes I do have a lack of conviction, I'm a trader, not an investor, I just see these prices as absolutely absurd, but it is not my arena of expertise.

I guess it was only a matter of time until a thread with very productive responses had a reply by a grumpy old man that had nothing better to do with his time

I agree, and if there is somewhat of a bounce tomorrow then I will be selling the majority of my RSX holdings which will reduce my longer term exposure. Russia is my smallest holding by far as it is.

Having said everything I already said, with futures getting a nice bounce tonight, if I'm up some money in the morning I will probably trim my positions to only 2% of my portfolio as my mentality is refined as a tick by tick trader, my personality is not suited for longer term investing, but...

For all of you that are saying Russia or Oil or the Homebuilders are terrible investments, every single reason you cited is priced into these instruments which are down at least 70% from their highs, we all know the horrific problems in Russia, the extreme pressure homebuilders face and the...

Correct, it's an extremely small part of my portfolio (the % will likely grow if the downtrend really does continue and I leg in a bit more) and I'm willing and able to hold for years although I expect a bounce in which I can sell into.

I respect many of the responses in the thread thus far, but all of you are looking at this from a traders mindset and living by the rules of trading which is terrific but catching a falling knife is what is done when seeking extreme value, and also this is a very SMALL portion of my portfolio...

This kind of disagreement is what makes a market.. simple as that. It's very nice to see a thread with disagreements that are civil, hopefully it can be kept that way so we can evaluate and possibly help each other without the useless bickering.

Everything you said is already known and is why each of these indices are down in excess of 70%