I'm 75% short, $100K

Quote from Arnie:

I don't remember where I read it, but someone once said (paraphrasing)...

"The market will do whatever is necessary to take the most money from the most people".

I bought some OEX puts on Thurs just after the close after looking at charts and counting the number of "up" days over the past 2 weeks. I was tempted to hold them over the weekend, but closed the pos for a nice gain Fri. This market "should" be pulling back, but its not. Its starting to remind me of late 1994.
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heh, it's a bubble on top of a bubble! what no one expected
 
That's news to me. I think Gross has a long-term picture -- granted, he misses out on bull runs like this -- but in the long-term, he may be right.




Quote from TD80:

I think it's worth noting that bill gross was very bearish at the bottom, and just now he is a bullish "convert?". Klaxons should be going off in contrarians minds, especially if this guy is actually trading the way he talks.

Goodluck,

P.S. A bit of an esoteric thought here. If bill is true to the bond investor stereotype, then he would be a conservative realist in his perspective. This would mean the whole way up he would think that the move was just "madness", and finally at the top the madness is quite convincing. Even the most cautious and realistic bond manager/investor may be tempted by greed....
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Yeah there were a few articles (one of cbs marketwatch) where gross was interviewed in the last week or so, and he said he has finally converted to the bull camp....

I'm neither long or short other than intra-day right now for all those who are curious :).

Goodluck,
 
I feel that this will be another buy rumor (now) & sell news (earnings). I can see the market at least taking a break when earnings start to come out. You may see all the market pundits on cnbc & bloomberg say (once the market is dropping during earnings) the old cliches like "price is already baked in the cake" or "priced for perfection". Just my 2 cents & btw i'm short (but not the farm).:)
 
I was short myself but around 11 I covered and I went long.
At 1 I thought I would be a double loser
It was tough but after 2 I was convinced I did the right thing.
Bought more and at close and aftermarket I cover 75% of my position

Well I got lucky and I recover Mondays and Fridays loses and some more.

If there is a follow through I am positioned

I think I will start to have smaller size, it was very tough the last two days.

Hamb
 
the market has a way of driving everyone crazy

maybe tomm it will retrace back down to fridays close

( why ? because I am slightly long overnight )

:D
 
As I said late last week on one of these TOP CALLERS threads, if the December S&P gets above 1133, watch out, cause the next target will be 1177!

:p
 
What would happen to the Bonds and S&P if we had a pretty DRAMATIC short-covering rally in the Dollar?

Can you say Moonshot?

Sure, I knew ya could!

:D
 
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