that was a great laugh...thanks for that
Get The Hell Out: Part II
- Thread starter ByLoSellHi
- Start date
that was a great laugh...thanks for that
I think this call was vindicated, and I'm afraid that we're a long way from capitulation.
What positive catalysts are out there right now? Even assuming stocks are forward discounting mechanisms (assuming that)?
If the oil stocks roll over, as the steel stocks have today, look out below, because even the mirage Dow index won't be able to mask the free fall.
What positive catalysts are out there right now? Even assuming stocks are forward discounting mechanisms (assuming that)?
If the oil stocks roll over, as the steel stocks have today, look out below, because even the mirage Dow index won't be able to mask the free fall.
Quote from ByLoSellHi:
It's partly in response to today, but mostly in response to what I see as a snowball of assorted (mainly negative) shit rolling our way.
If we were in foxholes together, I'd be the one telling everyone I had a very bad feeling tonight.
Usually, I'd brush off a bearish article (or a bullish one, for that matter; they're a dime a dozen) like this:
http://seekingalpha.com/article/80438-preparing-for-the-fall?source=headline1
...but for whatever reason, it really freaked me out to read it. I can't find myself disagreeing with his premise.
At any rate, I'm hedging, hedging, hedging, and buying some gld, too.
I'll be closing out many of my long positions that are too expensive to hedge against. It will be a mistake if we've formed a bottom, but I don't think we have, and I'd never forgive myself for not acting on my cumulative intuition this time if it all comes to pass.
This is not premonition. It's a feeling based on my observation that there is way too much complacency given some very serious shit hitting the fan in economic and geopolitical terms right now.
A 3% drop on the indices today is nothing compared to what I fear is around the corner.
I'm not averaging down, and I'm not buying these dips.
Good luck, whether you're long or short.
Credit the author of that article I linked.
Big up.
Quote from ByLoSellHi:
What positive catalysts are out there right now? Even assuming stocks are forward discounting mechanisms (assuming that)?
If the oil stocks roll over, as the steel stocks have today, look out below, because even the mirage Dow index won't be able to mask the free fall.
And I won't be too humble to take credit for that oil knock-on effect call (as the final nail in the coffin).