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  • February 1, 2008 at 9:04 AM #11687
    stockstradr
    Participant

    I decided today to take first steps on building up another significant short position against the indexes. (As of last week I was long indexes and gold, and since sold all my long positions on the indexes)

    I’m not saying the “fool’s rally” has topped out today; however, I’m guessing we are getting close. Look at that jobs data which came out today. I moved appox. 1/6 of my chips into short position on the indexes.

    The S&P500 is now within striking distance of 1400, and to me the fundamentals don’t support it. (Maybe the fundamental economic factors actually support the S&P500 going to 1000?)

    February 1, 2008 at 9:27 AM #146522
    Coronita
    Participant

    Whatever floats your boat. 

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

    February 1, 2008 at 9:27 AM #146804
    Coronita
    Participant

    Whatever floats your boat. 

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

    February 1, 2008 at 9:27 AM #146793
    Coronita
    Participant

    Whatever floats your boat. 

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

    February 1, 2008 at 9:27 AM #146766
    Coronita
    Participant

    Whatever floats your boat. 

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

    February 1, 2008 at 9:27 AM #146865
    Coronita
    Participant

    Whatever floats your boat. 

    [img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

    —– Sour grapes for everyone!

    February 1, 2008 at 9:34 AM #146870
    kewp
    Participant

    A big tipping point I’ve been looking for is for the home equity cash spigot to be shut off. My position is that we aren’t going to see the *real* economic fallout of the bust till that happens.

    So we will see what happens. But who knows, with Boom Boom running the printing presses like mad the dollar may crap out enough that foreigners start buying up blue chips and propping up the indexes.

    Personally, if I was short it would be real estate and financial sectors only.

    February 1, 2008 at 9:34 AM #146771
    kewp
    Participant

    A big tipping point I’ve been looking for is for the home equity cash spigot to be shut off. My position is that we aren’t going to see the *real* economic fallout of the bust till that happens.

    So we will see what happens. But who knows, with Boom Boom running the printing presses like mad the dollar may crap out enough that foreigners start buying up blue chips and propping up the indexes.

    Personally, if I was short it would be real estate and financial sectors only.

    February 1, 2008 at 9:34 AM #146527
    kewp
    Participant

    A big tipping point I’ve been looking for is for the home equity cash spigot to be shut off. My position is that we aren’t going to see the *real* economic fallout of the bust till that happens.

    So we will see what happens. But who knows, with Boom Boom running the printing presses like mad the dollar may crap out enough that foreigners start buying up blue chips and propping up the indexes.

    Personally, if I was short it would be real estate and financial sectors only.

    February 1, 2008 at 9:34 AM #146798
    kewp
    Participant

    A big tipping point I’ve been looking for is for the home equity cash spigot to be shut off. My position is that we aren’t going to see the *real* economic fallout of the bust till that happens.

    So we will see what happens. But who knows, with Boom Boom running the printing presses like mad the dollar may crap out enough that foreigners start buying up blue chips and propping up the indexes.

    Personally, if I was short it would be real estate and financial sectors only.

    February 1, 2008 at 9:34 AM #146810
    kewp
    Participant

    A big tipping point I’ve been looking for is for the home equity cash spigot to be shut off. My position is that we aren’t going to see the *real* economic fallout of the bust till that happens.

    So we will see what happens. But who knows, with Boom Boom running the printing presses like mad the dollar may crap out enough that foreigners start buying up blue chips and propping up the indexes.

    Personally, if I was short it would be real estate and financial sectors only.

    February 1, 2008 at 10:11 AM #146880
    drunkle
    Participant

    i’ve been getting destroyed because of the rumors surrounding the bond insurers. it’s incredible how rumors have been jerking things around…

    i’m keeping an eye on imb though. earnings are out on the 12th, the stock has near doubled in a week or so due to the stimulated bailout package that was announced..

    February 1, 2008 at 10:11 AM #146781
    drunkle
    Participant

    i’ve been getting destroyed because of the rumors surrounding the bond insurers. it’s incredible how rumors have been jerking things around…

    i’m keeping an eye on imb though. earnings are out on the 12th, the stock has near doubled in a week or so due to the stimulated bailout package that was announced..

    February 1, 2008 at 10:11 AM #146537
    drunkle
    Participant

    i’ve been getting destroyed because of the rumors surrounding the bond insurers. it’s incredible how rumors have been jerking things around…

    i’m keeping an eye on imb though. earnings are out on the 12th, the stock has near doubled in a week or so due to the stimulated bailout package that was announced..

    February 1, 2008 at 10:11 AM #146819
    drunkle
    Participant

    i’ve been getting destroyed because of the rumors surrounding the bond insurers. it’s incredible how rumors have been jerking things around…

    i’m keeping an eye on imb though. earnings are out on the 12th, the stock has near doubled in a week or so due to the stimulated bailout package that was announced..

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