Gotta love ZERO RISK in the SP500 = $$$

Hard to argue with recent history. If it goes down, buy more, as he says.

I'm not saying I condone it, but the lunacy seems to work. Yesterday, my step-father (who knows fuck-all about investing and has been caught in every crash there ever was) was telling me all about how he is moving all his money into his investment account so he can buy every stock he can get his hands on, all because - and get this - he watched Mad Money and Cramer was screaming for people to get in.

When idiots like that can make boat loads of money with no risk, something is clearly wrong.
 
Quote from Tsing Tao:

Hard to argue with recent history. If it goes down, buy more, as he says.

I'm not saying I condone it, but the lunacy seems to work. Yesterday, my step-father (who knows fuck-all about investing and has been caught in every crash there ever was) was telling me all about how he is moving all his money into his investment account so he can buy every stock he can get his hands on, all because - and get this - he watched Mad Money and Cramer was screaming for people to get in.

When idiots like that can make boat loads of money with no risk, something is clearly wrong.
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lol
 
Quote from bluematrix:


you are about the only person who has been/is long that I know of. and there are LOT of people in the market.
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I only ever go long on the ES.

And there's a trader who used to post called 'airwave'(?) who was the real king of the longs who is probably on a yacht somewhere sipping a pina colada! lol.

He used to always tell everyone in the ES thread how the market is 'geared' to go up and how we would be at 1500 plus ES soon.
At the time, we were under 1000.

He also posted hundreds of long trades which all seemed to make a few points.

But yes, generally, everyone has been a bear for a very long time on here and other forums/

I think Spanish89 has lost all of his money on this up move too
 
Quote from hitchslap:
I only ever go long on the ES.

And there's a trader who used to post called 'airwave'(?) who was the real king of the longs who is probably on a yacht somewhere sipping a pina colada! lol.

He used to always tell everyone in the ES thread how the market is 'geared' to go up and how we would be at 1500 plus ES soon.
At the time, we were under 1000.

He also posted hundreds of long trades which all seemed to make a few points.

But yes, generally, everyone has been a bear for a very long time on here and other forums/

I think Spanish89 has lost all of his money on this up move too [/B]
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That's what I don't like about futures and other margined/leveraged instruments.
If I wanted to express a bearish view, I'd rather do it through puts when volatility is cheap now
and everyone, even Stan Druckenmiller and Nouriel Roubini, think this market can only go up. Druckenmiller is a great trader, but I think he's wrong.
 
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