Folks,
EEM is a major short here.
Also, check out S&P chart relative to EEM. S&P year 2007 - now is fairly similar to EEM June 07 - now. Head & Shoulders patterns on each.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1784654>
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I wouldn't be banking on a turnaround just yet. The main issue right now is the bond insurer uncertainty. If the insurers A-don't lose their credit ratings or B-get bailed out, we'll see your rally. If they don't then we will certainly see alot of downside.
Let's remember that it's not just...
I'm keeping my MAR $25 C Puts (bought at $0.56), staying short the broad market (QQQQ, SDS) and covering my snap-backs (FSLR).
Potential for a crash is too great here. If you're worried about a huge rally, pick up the proper amount of OTM Calls on SPY, QQQQ or go long some Options-on-Futures...
I agree with your forecast for the day.
Q1 is going to be finish fairly ugly as firms will need to re-price their models on companies due to recession-level earnings. Valuations are still a bit too high.
Check out the attached graphic from an article on SeekingAlpha.com. One could argue...
finally, for all of you friggin' non-realists who thought our economy wouldn't see a drastic slowdown / recession despite all of the absurdly negative happenings - this is the beginning of what will be insurmountable evidence.
It would be better if they chose characters more carefully. The kid from Florida is not business savvy at all (example: he thinks it's a mistake to miss one relatively small trade to meet with a potential client which would boost capital under management by >5-10%).
I enjoy having a day...
I've got 6 QQQQ Feb 44 Puts open at $1.17. with the Durables coming in strong and the stock market remaining elevated as it has been, I'd expect a 25bp cut and a disappointed reaction from the street.
Thoughts?
Hi
Self-sabotage is a prevalent thing in all walks of life from athletics to trading to family.
One simple suggestion that may help you is to have a reason for the earnings. Keep setting goals such as:
I will earn $75,000 for a new vehicle.
I will earn $5,000 this week to pay for...
2Trades
Be sure to read their full contract. I've been working on a deal with them for a little while now but hit a snag due to some of the requirements in their contracts that they asked me to sign. Don't get me wrong - they've been up front and honest about everything I asked them about. In...
Don't ask for advice on this. If you've made $3mil+, you should know what you're doing. RE prices are coming down - perhaps diversify and take a few months off per year.
Market is still missing a selloff. The one from Tue following MLK was a false bottom. I could see the street and I sharing the same view that the Fed can only do so much in the short term and rallies are no longer opportunities for the long side - now the short or closing out longs.