GET THE HELL OUT

[Nanook]

Quote from ByLoSellHi:

The market has granted a gift: A special 2nd chance to short the hell out the market, and make an absolute killing. Few stocks will be spared in the next wave down.

Commodities will implode as a corollary of China's massive slowdown that will be marked by the Olympic Games.

The only safe haven will be credible government backed debt, despite the measly returns, but deflation will return eventually, as preservation of capital becomes the #1 name of the game.

China to Raise Interest Rates to Cool Inflation

 

[ByLoSellHi]

Quote from Nanook:

China to Raise Interest Rates to Cool Inflation

Direct quote from the article you cite:

``Money will come in anyway to speculate on the yuan and maybe the asset markets,'' said Stephen Green, head of China research at Standard Chartered Bank Plc in Shanghai. ``We really need some rate hikes to tackle inflation because other tools are simply not effective enough.''


The Chinese Government won't have to worry too much longer about the speculator-drive price inflation. The speculators will withdraw whatever remains of their speculative investments after the great fall.

It will be blamed on the slowdown in the U.S. economy and downtrodden U.S. consumers.

I mean, c'mon, it's not like Chinese companies lack clarity, openness and accuracy in their balance sheets, right?

 

[stock_trad3r]

This market has done pretty much nothing since Jan 23rd and it will probably remain that way for a while. It will probably take a good GDP number to force the market out of this channel.

Nevertheless, there is plenty of opportunities to make money on the long side.

 

[makloda]

Quote from ByLoSellHi:

* Brazilian Real strengthens a ninth straight day amidst US dollar collapse
*Fed Says Small Banks May Fail
* Yen Rises to Highest in Almost Three Years
* Ogasawara Sees Further Declines by Dollar Against Euro
* Feldstein Says Economy Hit `Plateau,' Recession Likely
* S&P's Wyss Says Economic Reports Point to `Nasty Story'
* McKay Says Japan Headed for Slowdown
* Asian Stocks Decline on U.S. Economic Growth Concern; Toyota, Samsung Drop
* U.S. Economy Grew 0.6% in Fourth Quarter, Less Than Economists Estimated
* Stocks in U.S. Tumble After GDP Trails Economists' Forecasts; Sprint Falls
* Sprint Posts $29.5 Billion Loss, Eliminates Dividend, Borrows $2.5 Billion
* MF Global Says `Unauthorized' Wheat Futures Trades May Cost $141.5 Million
* Dollar Falls to Record Low Against Euro for Third Day on Weakening Economy
* Goldman Names Four Executives to Run Sales and Trading, Top Revenue Unit
* Freddie Mac Has Record $2.45 Billion Loss on Housing, Credit-Market Slump
* Peloton Sells Assets After Mortgage-Related Securities Losses, People Say
* Treasuries Gain as Economy Expands Less Than Forecast, Jobless Claims Rise
* Rhodia Falls Most in Four Years as Chemical Maker Scraps Margin Forecast
* Bernanke's Drive to Avert Recession Fuels Concern Inflation Will Speed Up
* Lampert Invokes Eli Manning, Tells Shareholders of Sears to Keep the Faith
* Dell Recovery Plan Falters as Wal-Mart, Staples Shoppers Let PCs Languish
* Japan's Production Falls Twice as Much as Expected as U.S. Slump Deepens
* Bernanke Signals Fed Is Ready to Lower Rates Even as Inflation Accelerates
* Dollar Falls to Record Low of $1.51 per Euro on Fed Rate-Reduction Outlook
* Japanese Stocks Fall After Yen Strengthens Against Dollar; Toyota Declines
* A Highflier Loses Altitude as Google’s Clicks Go Flat
* Nortel Posts Loss and Plans More Job Cuts
* Citigroup Taps Old Lane's Leach as Chief Risk Officer, Replacing Bermudez
* Australian Dollar Rises to Highest Since 1984 on Rate Advantage Over U.S.
* Sri Lanka's Inflation Probably Slowed to 19.5% as Consumer Spending Cooled
* Americans Plan to Save, Not Spend Economic-Stimulus Rebates, Survey Shows
* Daimler: Chrysler lost $2.7B in August and September - 4:47 pm
* Bernanke's `Brilliant' Fed Vision Evokes Investor Jeers Amid Credit Crisis
* Lou Jiwei Suffers Blackstone's `Fat Rabbits' in $200 Billion Chinese Fund
* Exxon Valdez Oil-Spill Dispute Reaches U.S. Supreme Court After 19 Years
* Liechtensteiners Under Siege Cling to Bank Secrecy to Out-Swiss the Swiss
* Canadian Banks May Report First Profit Drop in Six Years After Writedown
* Honda to shift motorcycle production to Japan from U.S. - 12:26 pm
* Fed chief signals rate cut to help wobbly economy - 12:37 pm
* Ford recalls Mustangs for airbag fix - 12:47 pm
* January new home sales slip to lowest pace in more than 12 years - 12:47 pm
* Dollar sags to new lows against euro - 9:42 am
* Durable goods orders plunge in January - 8:52 am
* Wall Street swings positive after Fed remarks - 11:10 am
* EU fines Microsoft record 899 million euro - 8:32 am
* Britain hit by 5.3-magnitude earthquake - 12:37 pm
* Report: Magna International fourth-quarter profit falls - 1:42 pm
* BMW to cut 5,600 jobs - 8:04 am
* Report: Nine consumer products companies suspected of price-fixing in France - 1:02 pm
* Oil spikes above $102 a barrel - 12:57 pm
* Fed chief hints at more rate cuts despite inflation fears - 12:42 pm
* Vulture Fund Makes Deal With Delinquent Homeowners Fleeing Subprime Devil
* Liechtenstein Probe Reflects Wider Global Information-Sharing on Tax Fraud
* Pfizer Moves Drug Tests to South Korea From Japan Because of Rising Costs
* New York Faces Double Whammy as Swaps Compound Failed Auctions
* Japan's Consumer Prices Increase 0.8%, Matching Fastest Pace in Nine Years
* Oil Rises to Record $103.05 as Dollar Declines; OPEC May Maintain Output
* Japan Hedge Funds May Rebound After Two-Year Losing Streak, Rogers Says
* Insurance Australia Profit Falls, Stoking Speculation Hawker May be Ousted
* Centro Posts $1 Billion Loss on U.S. Writedown as Deadline For Debts Looms
* Clinton, Obama Make Economic Appeals as Bush Takes Them to Task Over Trade

And what good were these headlines? Worthless. Markets do whatever they do, headlines mean nothing.

 

[bgp]

until there are enough longs and then we'll go back down.

bgp

 

[HedgefundTrader2]

Quote from ByLoSellHi:

Permabulls want to shout from the rooftops that we've managed to 'doubleclick' our way out of tremendously recessionary economic trends.

Brother, the bull is going down by the tip of the spear.

Bank on it.

The Feds came to our rescue, "manipulated" and " shoved" the SPX into higher grounds with all that power and might behind those green curtains!

What are you going to do about it? Is life unfair? Of cousre it is and thats my point.

 

[BillySimas]

Well here we are, it's exactly 3 months later and I am following up on your prediction. Exactly 3 months ago, the dow closed at 12582 and we are currently trading at 12548. Although the market did sell off immediately after your prediction, we are right back where we started.

Quote from ByLoSellHi:


Stamp this date and see where we are 3 months from now. I'm not leaving ET if I'm wrong (although I'm highly confident I'm right), but I'll definitely not avoid this thread, and I'll eat crow in front of all if I am.

The market has given a final chance to get out of your long positions at non-catastrophic levels. Seize the opportunity to do so.

 

[MrDODGE]

Today was a great day to get out

 

[paysense]

BillySimas,

Where is the logic? Of course statements like threadstarter depends on your "window" or "horizon" (short-, medium- or long-term).

But for me the correction and the subsequent rally was an excellent opportunity to profit.

Now I agree it is time to be raise cash (going short).

p$

 

[nugundam]

Quote from 195min:

The problem with that chart is Japans economy has always been 20 +years ahead of us. If i compare the $dji chart to that it looks the same as the nikkei did back in 83/84. With short interest at all time highs and lack of the downtick rule, the move that would come out of a spike would be amazing. Just think what would happen if the dji spiked 1k in a day. The trap would be set. Not only would shorts be in deep trouble in just a few hours, Others would enter short and just keep adding as the market flew up. The markets could do a run of 50% in just a few months. and over a few years a few hundred % As of now I'm short but very wary. 12420 is the stop and was my entry point.. don't be the bear in a trap ....just make sure your stopped out

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Honestly, I don't know if a 1k spike it the Dow would cause investors to rush into this market. I feel this market will bottom out gradually as opposed to a V bottom that so many are accustomed too.