Short now when you still have the chance

[niteowl8]

Another crash is imminent

http://seekingalpha.com/article/154...se-could-be-imminent?source=article_lb_author

 

[Roman Candle]

I doubt it, a pull back you bet, a crash I doubt it.

 

[wjk]

Quote from niteowl8:

Another crash is imminent

http://seekingalpha.com/article/154...se-could-be-imminent?source=article_lb_author

I read that yesterday. He made some good points. I found his chart comparison to 1929 very interesting.

 

[wartrace]

Short as soon as I decide to get rid of all my SPX puts, that will be the trigger for a collapse. Better yet, wait until I sell them and go long.

 

[Roman Candle]

Quote from wjk:

I read that yesterday. He made some good points. I found his chart comparison to 1929 very interesting.

I'm sure if you did that overlay with the rise up from 2003 it would look the same as well, but in 2003 it kept going higher.

Will that happen again, not sure.

 

[academic]

Quote from niteowl8:

Another crash is imminent

http://seekingalpha.com/article/154...se-could-be-imminent?source=article_lb_author

Or maybe we are underestimating the power of money printing?

 

[dumb_mother]

it's never the same dance twice in a row

 

[Roman Candle]

A 50 point retrace of ES back down to 940-950 would be very healthy.'

People want to talk the market down, it needs to go down some.

 

[wjk]

Quote from Roman Candle:



Will that happen again, not sure.

Agreed

 

[AyeYo]

I don't think he's taking into consideration the FED pumping the market. That wasn't a factor in 1929, but is now. This fake money rally can go as long as Bernanke is turning the money crank. You keep giving your kid money to buy candy and they'll just keep buying it. Or am I looking at it wrong?