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Always fun to see what happens when bears get a little overconfident

http://www.markit.com/markit.jsp?jsppage=indices.jsp

What about the last couple quarters? The bears were printing money huh? What about the last 10 years? Last 20 years? Last 25 years?

From Reuters: Maybe a hint at the price action of Friday's close!

A sharp correction erasing trillions of dollars in capital worldwide is an event in itself. It needs no news; it is the news.

A "bad week" means nothing. But being overly aggressive when facing adversity is close to risking self-destruction. The market doesn't care where you think it's headed. It will go whatever way hurts the most capital. If you're on the wrong side for too long you will be hurt very badly. I am...

Nobody cares who you have respect for.

Most of his stocks held up very well. He probably did better this month than many here.

That was an artful close. Gotta hand it to the bears. Beautifully engineered panic.

So much for me making market calls :p

I thought May 2006 and Feb 2007 were the end of the bullmarket already!? Every 5%-10% down move is a new "1987" for these newsletter guys. They need the propaganda.

Here's another dooms day reason: Ten year dropped to 4.77% SELL SELL SELL!!!!

How does the current drawdown compare to backtesting DDs, e.g. May/June 2006? If it's within historical norms, then there's nothing to worry about.

Complete reversal, DAX now in the green :confused: lol

DAX just rallied 100 points in what like 30 minutes? lol

The good thing is it's not you who decides where the bottom is, but the market can sort it out by itself and will not pay attention to what you think.

Shorting the market is easy. The big question is when to cover. Shorting is not the same as going long just upside down.

LMAO :p

As I said there is no airline ETF. A decent proxy might be IYT (transports), it has the airlines in there I believe but only as a minor percentage.

Acerbits question was very justified. Right now Facebook is a "story company" nothing more. And at that, a story stock with revenues of $100m. Mark Z. reminds me of a guy that might go down as the biggest dumba** in history for not accepting Yahoo's $1bln dollar offer to buy out his garbage...