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Home › Forums › Financial Markets/Economics › Dow Drops to 13042 at week’s end. Let’s make bets and discuss at next meet up… › I placed my bets (on the

November 9, 2007 at 11:19 PM #98168
stockstradr
Participant

I placed my bets (on the downside of market) many months ago, and everything is proceeding perfectly on plan and that is a wonderful feeling.

I view it as inevitable we’ll see 1300 on S&P 500 within six months.

I see 1300 before the year’s end as distinct possibility, but I’m not counting on it happening.

My portfolio:
20% GLD
The rest is a mixture of very aggressively bearish put option positions on indexes, some 2X leveraged bear funds, some 1X leveraged bear funds, and a few puts on oil. Yes that is an insanely risky portfolio, but it IS paying off.

Everything is sunny except those oil puts, and those will turn around during the next twelve months as the unfolding global recession reduces demand for oil.