I never minded the insults from the naively foolish Bulls who pushed their optimism upon everyone here, even as the markets walked up to the edge of the cliff
And I never minded the ranting posts from those so slow of mind that their only strategy is a non-strategy of buy-and-hold, the Non-Thinking Man's Position.
I didn't mind because I had faith in the obvious and the inevitable: the markets habit of inflicting righteous justice upon the blind optimists, the idiots, and the amateurs.
Then came Oct '07 and the inevitable began: the markets' Descent into Hell.
I started building short positions last year and I kept adding, so when Oct '07 came I was fully short the market, with LEVERAGE, and with a vengeance.
I bought 2X inverse index funds I bought a huge amount of PUTS on the S&P500 and NASDAQ I sold stocks short I bought gold I sold the oil & gas index short, with leverage
Then I waited.
Then the market fell about 18% in a matter of months. Gold soared. The oil and gas stocks tanked
Then I laughed all the way to the bank. 🙂
I'm still laughing, and enjoying the ride. Go ahead. Post your flaming rants. I won't return to this thread to read them.
I call B.S. on that one. You will return, you read the comments. Anything you don't agree with, you won't post, but you'll wait for one day the markets are moving in the direction that you're currently positioned, then you'll come out posting like your a genius, and that everyone else around you is a moron. You need your daily affirmation that you're smart, you never make the wrong decision, and that everyone else around you is an utter moron and you never make mistakes. BTW: I recall you mentioning you went inverse on oil and gas the day oil was $85/barrel. And it never went below $85/barrel from that day till now where it's $100+/barrel. So how you could have profitted on that transaction would be beyond me. But go ahead, quit your full time job, and be a real trader, provide investment advice, and let lemmings follow you…..:) Just kidding.
