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  1. J

    Direxion Financial ETF - 6/1

    I sold the last of FAS position last week at $9. Purchased for IRA around $4 some time ago. Got burned on FAZ in trading account because I didn't enter stop loss and have stayed clear ever since. Most expensive mistake I've ever made. New entry point for FAS is on tonights agenda...
  2. J

    The S&P 500 is now trading at 131 times earnings

    Just taking a simple look at basic weekly reports like unemployment, home sales, etc., the fact that the majority of companies lost big money (and analyst reported they would) and the obvious disconnect the Bernankes, Geitners, and entire Senate has with free enterprise has to make one think...
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