Haven't seen this much bullishness since 1999. Most bears have thrown in the towell

zdreg said:
Finally the gloves are off between two sponsors. This kind of repartee will certainly make ET more of a worthwhile read.:D
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I will not do that. I'm not a day trader. I agree with Morgan Stanley - we're in a bounded range for the next few months or so courtesy of the Fed, the ECB, and the recession.
 
bone said:
I will not do that. I'm not a day trader. I agree with Morgan Stanley - we're in a bounded range for the next few months or so courtesy of the Fed, the ECB, and the recession.
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My remark was in Jest.
As previously stated a suggested 20% range remark is a useless statement.
 
While that statement from Morgan Stanley is useless it is not a stupid one. Here is a remark from the chief strategist at another firm which is both useless and stupid: we don't have to worry about inflation for the next 3 years. The Fed, itself, cannot make accurate predictions.
 
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S2007S said:
History always repeats, but when free money just comes pouring in and every day stocks push higher even during the biggest crisis in history and you have the fed backing the stock market you think at these moments that its nearly impossible to sell off to new lows set in march let alone the s&p falling below 3000 now.
The euphoria is already here and not going anywhere even if the markets were to drop say 7% because everyone would be screaming a buying opportunity of a lifetime especially the masses of new investors since earlier this year and those who missed out looking to get in. The cycles always repeat but when you have a fed that doesn't allow free markets these markets tend to lean in one direction far longer than anyone's imagination ...like i mentioned it seems markets can never ever be overvalued even after a fed backed 10+ year bull market but can quickly become oversold within just days....
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You have seen it all over the years and have been warning the masses about the danger and had been shorting some times back.

What would you do today? I am just asking for advice.

Best wishes.
 
zdreg said:
Finally the gloves are off between two sponsors. This kind of repartee will certainly make ET more of a worthwhile read.:D
More...

Hey he started it lol. And um oops guess who was right? Me, at least for now. :p I'm not gonna respond to troll posts, thanks to the ignore feature.

I was indeed skeptical of this last few weeks bubble market, a bit early. But this market is going to crash and burn sometime, the fed propping it up is a house of cards and it'll be great to trade.

Top picks I'm trading = FAZ TZA SDOW TVIX
 
I don't know which way this market is going so I raised cash. I'll likely keep adding to my fixed income positions and continue to sell premium. I don't have any other edge and would never find the next HTZ.

Maybe I should let one of my GenZ kids trade my accounts? Kidding. Those swings would give me a heart attack.

My biggest regret is not buying LULU. Shame on me.
 
glad to see bears are back (^_^) i'm long small size inverses from overnight, will scale in if they keep running up

f11jun.jpg

tx11jun.jpg
 
KCalhoun said:
glad to see bears are back (^_^) i'm long small size inverses from overnight, will scale in if they keep running up

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Why spread your eggs into ten baskets Ken? Can't you figure out the one ETF that will most likely yield you the highest return, and go from there? That ETF would not necessarily be the one with the highest ATR, because you also have to think about predictability, and perhaps the biggest intraday mover is not necessarily the most predictable. But still, it seems as though it would be easier/less stressful on your mind if you picked just one. To each his own I guess, but just wondering why you don't narrow your selection down to just one?
 
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