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.
