Market Outlook

Quote from GrandSupercycle:

Noddy, it's actually called trading... (going long or short)
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I ask because some do so with puts, but vol has already priced in fear. Shorting has unlimited risk. My call is that this is a great dip to buy, but to each his own...
 
Quote from noddyboy:

I ask because some do so with puts, but vol has already priced in fear. Shorting has unlimited risk. My call is that this is a great dip to buy, but to each his own...
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I don't think he really trades. Imagine buying short term puts every month since August 2010, thinking that GrandStuperCycle's correction call is coming. If you bought longer duration, its awfully expensive. In either case, huge money loser of a trade for a year.

Now, what if he just shorted the SPY, or shorted Gold/Silver/Copper since August 2010 ? How can that be good ?
Or long $US ? Anyone entering these trades on this guys calls would at best be breakeven, and only if they were extremely lucky on their exit points. But more likely, they'd be down 20-30% unleveraged and much more so leveraged.

There's a guy on the Nasdaq site advertising an imminent correction. Its been up all year, stretching the limits on what "imminent" means. Maybe this is the same guy. In any event, the whole charade is a huge scam hoping to pay off on gullible people who believe he called corrections and don't do some proper research.
 
Quote from GrandSupercycle:

The Wile E Coyote correction:I'm referring to the price action on the sticky S&P500 chart at top of blog. It's been suspended in the air for many months just waiting for gravity to take hold...

Originally posted Feb 16, 2011 :
When DOW/S&P500 correction gathers momentum I expect:
UP ~ USD, various USDXXX currencies, VIX Index
DOWN ~ EURUSD, AUDUSD, NZDUSD, GOLD/SILVER, Base metals like COPPER etc, CRUDE OIL

Don't listen to irrational trolls in denial.
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And the SCAM rolls on !!! You seem to be in denial.
 
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