Smart Money, buying at market bottoms when fear is at an extreme is an acquired taste that most people never attain.
For you, I pay my deepest honor.... The Iron Stomach Award.
For you, I pay my deepest honor.... The Iron Stomach Award.
Im going long Ultra SPY (SSO) as of today base price is 15.75
- Thread starter Port1385
- Start date
Strong opinions loosely held...my stops always trail and this blew right through it.
Next stop boys is 600 and then 425. Its going to get real bad outside. Buy yourself a pistol and start walling up money. Even during the darkest days of the Great Depression companies like Ford and GM did not fail. This time its different. They will fail...
We are in way too deep...market moving at the same pace of Great Depression stock market.
Next stop boys is 600 and then 425. Its going to get real bad outside. Buy yourself a pistol and start walling up money. Even during the darkest days of the Great Depression companies like Ford and GM did not fail. This time its different. They will fail...
We are in way too deep...market moving at the same pace of Great Depression stock market.
Not so fast. After listening to Bloomberg tonight, I'm scared Sh#tless now. I'm truly thinking of buying the other way. Getting some "SDS". The only thing is that the futures market looks the other way, which gives me pause. But after hearing about how the GDPs in so many other countries are getting bad, I think this is what I gotta do...if for no other reason than to cancel out losses I'm taking on some of my long positions.
Not so, Smart Money
Smart Money, failure to follow thru on your initial path will be sufficient reason to relinquish your Iron Stomach Award. In its place you be in line for the lowly "Wimpy Up-Chuck Award".
For the long term investor, I offer the following wisdom:
Buy Signals â these will occur when the sky is dark and the rain is falling, and the path to success is covered with fear and blood.
Sell Signals â these will occur when the sky is sunny, the flowers are in bloom and the path to success is covered with rose petals.
Following this wisdom will always have you buying low and selling high.
For the long term investor, I offer the following wisdom:
Buy Signals â these will occur when the sky is dark and the rain is falling, and the path to success is covered with fear and blood.
Sell Signals â these will occur when the sky is sunny, the flowers are in bloom and the path to success is covered with rose petals.
Following this wisdom will always have you buying low and selling high.
Heh. Well, I probably deserve the Wimpy Up-Chuck Award, but I did pull the triger on SDS this morning and so far, my award came with a cash prize. Also bought DGP, which is a leveraged gold fund. Yeah, I'm betting on blood in the streets and fires, I guess.
SM
Quote from ElCubano:
But it ain't gonna be for the faint of heart...
As I said....
....buying at market bottoms when fear is at an extreme is an acquired taste that most people never attain.
There is that word..."fear". This isnt fear, this is reality. Fear is when the ground starts shaking, you get under the desk, but nothing really happens. Reality is when the house starts coming down on top of you.
Guys, this is reality. This isnt the haunted house scary movie, this is the real deal. Nothing you or I can do about it except to get real short and wait.
Guys, this is reality. This isnt the haunted house scary movie, this is the real deal. Nothing you or I can do about it except to get real short and wait.
You need to realize that the Smart Money in the stock market anticipated this reality far in advance and that is the reason they sold months ago. The high level of fear stems from this current reality check, and also keeps people from being able to buy stock. The media's constant pounding home how bad the economy is certainly is a big factor in contributing to this pronounced fear. When the fear (as I measure it) becomes too great at times like this, you can bank on a move higher in stock prices.
The Smart Money (ie my Holy Grail ATS model) and others are now buying in anticipation of better times ahead. In the months ahead the reality of a better economy will be apparent and you will see higher stock prices. Fear will have eased a great deal at this time, and it may have eased enough to warrant a sell signal.
RTS
The Smart Money (ie my Holy Grail ATS model) and others are now buying in anticipation of better times ahead. In the months ahead the reality of a better economy will be apparent and you will see higher stock prices. Fear will have eased a great deal at this time, and it may have eased enough to warrant a sell signal.
RTS
I really hope most of you dismissed all of the doomsday talk in this Forum and realized the importance of the "Iron Stomach" approach. I did provide a few days alert to this bottom for you to get into the market before it exploded. Here's hoping you did.
