Why You Should Go Short Tomorrow

Surdo · Jan 25, 2008

Quote from ProfitTakgFool:

>>>> It's just this simple!!!

I was making fun of the tea leaf readers.
You seem to be the only only mook I offended here.

S2007S · Jan 25, 2008

yahoo.com

With Wednesday's dramatic turnaround has the U.S. stock market finally reached bottom?

Yes. It's time to go shopping. 34%
No. This was a sucker's rally. 66%
77927 Votes to date

piezoe · Jan 25, 2008

Quote from mokwit:

75BP was to stop the Chimp giving his 'State of the Union" speech on the 28th against a '87 backdrop. Bernanke seems aware that he cannot cut much more but didn't want another thrashing from Wall St for being a bad poodle. He is probably cringing at the thought of another whipping to come if he does not cut and hoping his masters won't whip him if he cuts 25BP on 30th. Poor clueless academic sap probably thought he would be the one settiing policy when he took the job no one else was stupid enough to take.

Alternatively if Wall St is short after using the rate cuts support to reverse then we may see no cut and an attempt to break the market.

Seems to me it's more about Realpolitik than fundamentals. Banks vs Hedge funds.

Nice post! Very astute.

canuckrookie · Jan 25, 2008

Quote from S2007S:

was listening to fast money last night and one of them mentioned, (new guy that comes on the show every now and then) mentioned that he sees the markets going up until the end of JAN so that hedge funds can show better results on their returns, said that hedge funds would be pushing the markets higher.....

I saw that segment also. How about the comment from pop&drops dilon comments that it's good to fight with your spouse and one of the guys says "first a pop then she drops" LOL. Watching the circus on CNBC is better than the comedy network.

S2007S · Jan 25, 2008

Quote from canuckrookie:

I saw that segment also. How about the comment from pop&drops dilon comments that it's good to fight with your spouse and one of the guys says "first a pop then she drops" LOL. Watching the circus on CNBC is better than the comedy network.

caught that one as well.....

always nice to get a good laugh from one of the most "serious" financial programs on tv.

bh_prop · Jan 25, 2008

Precisely why this week's lows will not be seen for quite some time.

Quote from S2007S:

yahoo.com

With Wednesday's dramatic turnaround has the U.S. stock market finally reached bottom?

Yes. It's time to go shopping. 34%
No. This was a sucker's rally. 66%
77927 Votes to date

dozu888 · Jan 25, 2008

Quote from bh_prop:

Precisely why this week's lows will not be seen for quite some time.

yup. The crowd is still in 'recession mode', and have not piled back in yet.

newguy05 · Jan 25, 2008

Quote from Surdo:

Stop trying to predict what "might happen" and trade the fucking tape. I can count the number of actual traders here on one hand.

A real trader can trade long or short at any given moment and does not really give a rat's ass which way the river is flowing as long as he is in the boat.

This ChÃ¢teauneuf du Pape tastes oh so nice.

bullshit, that is daytrading. If you are looking to trade medium / long term in the 1-6 month period, how the fuck is reading the tape going to help? it may give you a slightly better entry point. But the goal is fundamentally different, you are not trying to scalp a few points but predicting the longer trend of the stock based on analysis and news. How will tape reading help you predicting the trend a month from now?

btw to the OP, nice call so far.

piezoe · Jan 25, 2008

Great call Cszulc! You had it right on.

number22 · Jan 25, 2008

Quote from mokwit:

Poor clueless academic sap probably thought he would be the one settiing policy when he took the job no one else was stupid enough to take.

Excellent point.

Quote from mokwit:
Seems to me it's more about Realpolitik than fundamentals. Banks vs Hedge funds.

Nice posting; and great reading.