Quote from S2007S:
I tuned into cnbc last friday during that 350+ point dip and laughed and thought what a joke this is, cnbc is hyping up the fall,so I sat back and looked at my QLD purchase at $115.25 and laughed, that night it closed down below 112. I thought you know what, everytime it comes down to one of these days where the dow loses 1-2% it comes right back to where it was....... so a week later and 2 points higher on my QLD purchase im laughing. This market is a complete joke especially the hyped up attention it gets on cnbc during the times its down 200-300-400 points. It seems no matter what the market always finds a way to prop back up to new highs....
well keep in mind one day there is going to that dip everyone takes advantage of, including myself, and it will be that dip that becomes the bear market, that dip that sends most longs running for sometime, maybe forever and the shorts, well they will get that ultimate feeling of knowing the time was coming sooner than later............