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Gold has no intrinsic value, has carrying costs, wide bid/ask spread on gold. When you see the pundits on TV and radio telling folks to liquidate 401Ks and put every penny into gold you are in a bubble. Just like what happened during the property bubble.

Nope those days will be kaput. People will go back to in cash we trust and 3% (or 12% post inflation CD's) and no one will touch stocks. Equity will be a thing of the past. So best to cash in today and keep on shorting before the gravy train passes.

When GE goes under, I think the general population will jump ship. DOW like 2000, S&P 150 by then. Back to the old days. Amazing. It will be like before where only a small segment of the population owned stock and volume would collapse to 1980s levels.

Wow looks like he took the right opinion there. That 7.50 put is worth 1.53 No way in hell GE is going to be 7.50 on expiration day.

IF common got diluted, It would still impact the market. I would imagine folks would pretty much pull out completely like in 1929 at that point. The old "Shit if it happens to GE whats next" and panic will set in.

GE is like the Coke of industry in the US. Lets say the go under, equity wiped out company gone, 300K jobs gone etc.. How do you think this will effect individual investors, I would venture they would think if GE could go anything is possible and pull out of 401Ks etc.. I could see the...

Hey if GE gets to 5 Guess what. Margin call cascade sell off. This will be interesting.

GE seems to make new lows every week.

Why did you write contracts so far out and at 10 which is pretty bullish (too bullish). Why not 7.50 calls for March? Would have had 18 days of time value and collected about 570 dollars in premium.

Look at AH trading right now. I hope you went long 2.5 puts.

What happens when You have this running the helm. Now that they want to retire they need to find that bus and some tents :)

The irony is the people retiring today (babyboomers) are the ones who led this country towards this path. Ironic, they figured they could postpone it further into the future and let their children and grandchildren deal with it. But sometimes the fuse is too short. Now just as they are...

But if it gets to 0 in means the shit hit the fan. How would you buy stock if you cannot access the market :)

GOOG is way too expensive. I see them hitting 130 a share. It will happen in a few big hits.

Would be amazing if 2010 BAC,C,AIG,GM,F,WFC,GE,BA,etc.. are all out of business. I wonder how things will look in 2010 when all these big US companies go under.

Prices will drop to meet salaries. For the last 20 odd years Homes and salaries were out of wack. The FED does not want this though.

Will something happen? Lets say it drops to 0. What scenario would you expect. I would venture gold would not longer be trading.

With puts of course as insurance :)

Getting there folks. Be patient.

All you do is short and make money. No bottom.