Easy money on next leg down, second Fool’s Rally progressing as expected

[stockstradr]

OK, responding to various new posts:

stansd writes: You must be filthy rich with all these correct calls…with all that money sloshing around.

ANSWER: I wish I was filthy rich. However, it is true that my 401K is now up 45% net compared to Oct. 2007 valuation. If I can only keep up that level of appreciation for a few years running..I may end up filthy rich.

mercedes7 writes: Do you really think this rally will take us to 1200 on the spx? Where do you see the dow? What do you trade? SDS?

ANSWER: Keep in mind I’m just GUESSING like everyone else. Having acknowledged that, my instincts tell me the Fool’s Rally carries us above 1100 on S&P500, but I view 1,200 as only a possibility – meaning I’ll start shorting at 1050, and 1100 but I won’t wait until 1,200 before building a short position. Yes, I love to trade the ProShares ETF’s, such as “SDS” “QLD” As for the DOW, it is such a narrow index (30 stocks) I don’t pay much attention to it.

fat_lazy_union_worker writes: I always thought in an deflation, everything comes down, including gold.

I agree with that! Now I also agree with everything Rich T. has written on gold as well (very bullish long-term on gold). However, I believe I have a subtle difference with Rich T. on gold pricing during the short-term (during the recession, 12-18 months) when I am more inclined to only dabble in gold or ignore it, because I’m concerned about short-term instability in gold prices. This is due to difficult-to-predict outcome of competing deflationary pressure vs. buying pressure in anticipating of dollar collapse. So far I’ve been right in following the experts (Roubini) who predicted gold prices would likely fall as the recession heats up, reducing demand. Look how we’ve fallen off the $1,000/ounce highs. However, long-term, smart money is in agreement: gold will soar in value as the dollar collapses.

LA_Renter writes: if you look at the content and dialogue here and contrast that to Barrons, CNBC talking heads, etc you are far better off in here than you are with traditional MSM and established economist.

I sure do agree with that! And all those Talking Heads on Bloomberg/CNBC/Barrons, they are supposed to be the high-paid “experts” on financial markets. What a joke they are.

Chris Scoreboard Johnston writes: (various whining and flaming, ranting posts)

Chris, either put up OR shut up. By “put up” I mean add some value by putting up YOUR PREDICTIONS. I’m sincerely interested in your predictions and analysis. I’m NOT interested in reading your ranting whining posts that flame other predictions.

Thought of the day:
It sure makes me doubt my prediction when I see the way the markets are selling off today. Makes me wonder, “Was I wrong about Fool’s Rally carrying us up to 1100? Maybe yesterday I should have sold my long oil and just gone short the indexes. For now I’ll sit tight and hope I’m right about S&P500 hitting 1100 soon. So far gold falling today. Maybe I was right *fingers crossed* to have dumped half my gold yesterday at $760”

[ucodegen]

Makes me wonder, “Was I wrong about Fool’s Rally carrying us up to 1100? Maybe yesterday I should have sold my long oil and just gone short the indexes. For now I’ll sit tight and hope I’m right about S&P500 hitting 1100 soon.

Hope you managed to dump some before today. The election was a ‘pivotal’ event which can change market directions.. I don’t know if the market is too happy with Obama being next… something about that redistribution of wealth and the unknown factor. The market may be anticipating Jimmy Carter style presidency.. I managed to dump most of my volatile stuff during the election.. but the rest feels like an anchor.

I would like to see the Asia market response before prognosticating.. As for the talking heads, the only ones that I have found to be close are Shiller and Roubini. The rest tend to blather just for the sake of saying something, appearing on camera and taking up airtime.

[ucodegen]

Makes me wonder, “Was I wrong about Fool’s Rally carrying us up to 1100? Maybe yesterday I should have sold my long oil and just gone short the indexes. For now I’ll sit tight and hope I’m right about S&P500 hitting 1100 soon.

Hope you managed to dump some before today. The election was a ‘pivotal’ event which can change market directions.. I don’t know if the market is too happy with Obama being next… something about that redistribution of wealth and the unknown factor. The market may be anticipating Jimmy Carter style presidency.. I managed to dump most of my volatile stuff during the election.. but the rest feels like an anchor.

I would like to see the Asia market response before prognosticating.. As for the talking heads, the only ones that I have found to be close are Shiller and Roubini. The rest tend to blather just for the sake of saying something, appearing on camera and taking up airtime.

[ucodegen]

Makes me wonder, “Was I wrong about Fool’s Rally carrying us up to 1100? Maybe yesterday I should have sold my long oil and just gone short the indexes. For now I’ll sit tight and hope I’m right about S&P500 hitting 1100 soon.

Hope you managed to dump some before today. The election was a ‘pivotal’ event which can change market directions.. I don’t know if the market is too happy with Obama being next… something about that redistribution of wealth and the unknown factor. The market may be anticipating Jimmy Carter style presidency.. I managed to dump most of my volatile stuff during the election.. but the rest feels like an anchor.

I would like to see the Asia market response before prognosticating.. As for the talking heads, the only ones that I have found to be close are Shiller and Roubini. The rest tend to blather just for the sake of saying something, appearing on camera and taking up airtime.

[ucodegen]

Makes me wonder, “Was I wrong about Fool’s Rally carrying us up to 1100? Maybe yesterday I should have sold my long oil and just gone short the indexes. For now I’ll sit tight and hope I’m right about S&P500 hitting 1100 soon.

Hope you managed to dump some before today. The election was a ‘pivotal’ event which can change market directions.. I don’t know if the market is too happy with Obama being next… something about that redistribution of wealth and the unknown factor. The market may be anticipating Jimmy Carter style presidency.. I managed to dump most of my volatile stuff during the election.. but the rest feels like an anchor.

I would like to see the Asia market response before prognosticating.. As for the talking heads, the only ones that I have found to be close are Shiller and Roubini. The rest tend to blather just for the sake of saying something, appearing on camera and taking up airtime.

[ucodegen]

Makes me wonder, “Was I wrong about Fool’s Rally carrying us up to 1100? Maybe yesterday I should have sold my long oil and just gone short the indexes. For now I’ll sit tight and hope I’m right about S&P500 hitting 1100 soon.

Hope you managed to dump some before today. The election was a ‘pivotal’ event which can change market directions.. I don’t know if the market is too happy with Obama being next… something about that redistribution of wealth and the unknown factor. The market may be anticipating Jimmy Carter style presidency.. I managed to dump most of my volatile stuff during the election.. but the rest feels like an anchor.

I would like to see the Asia market response before prognosticating.. As for the talking heads, the only ones that I have found to be close are Shiller and Roubini. The rest tend to blather just for the sake of saying something, appearing on camera and taking up airtime.

[Nor-LA-SD-guy]

Well I am not inspired to buy anything right here (I myself would not short the market here either), I am find just sitting in cash for now, maybe if we get back to close to the lows of last month I will start buying again, I got lucky and caught the 10% ride up a week ago and went cash after that (went up a little too much too fast, I think we may get a chance to catch that ride again).

Again just my opinion .

[Nor-LA-SD-guy]

Well I am not inspired to buy anything right here (I myself would not short the market here either), I am find just sitting in cash for now, maybe if we get back to close to the lows of last month I will start buying again, I got lucky and caught the 10% ride up a week ago and went cash after that (went up a little too much too fast, I think we may get a chance to catch that ride again).

Again just my opinion .

[Nor-LA-SD-guy]

Well I am not inspired to buy anything right here (I myself would not short the market here either), I am find just sitting in cash for now, maybe if we get back to close to the lows of last month I will start buying again, I got lucky and caught the 10% ride up a week ago and went cash after that (went up a little too much too fast, I think we may get a chance to catch that ride again).

Again just my opinion .

[Nor-LA-SD-guy]

Well I am not inspired to buy anything right here (I myself would not short the market here either), I am find just sitting in cash for now, maybe if we get back to close to the lows of last month I will start buying again, I got lucky and caught the 10% ride up a week ago and went cash after that (went up a little too much too fast, I think we may get a chance to catch that ride again).

Again just my opinion .

[Nor-LA-SD-guy]

Well I am not inspired to buy anything right here (I myself would not short the market here either), I am find just sitting in cash for now, maybe if we get back to close to the lows of last month I will start buying again, I got lucky and caught the 10% ride up a week ago and went cash after that (went up a little too much too fast, I think we may get a chance to catch that ride again).

Again just my opinion .

[Nor-LA-SD-guy]

Here is another one of my weird thoughts; If Gold gets to 3000 dollars per ounce,

That will solve the housing crisis and the unemployment problem all at once,

All the able bodied people will head north to pan/dredge for gold…

[Nor-LA-SD-guy]

Here is another one of my weird thoughts; If Gold gets to 3000 dollars per ounce,

That will solve the housing crisis and the unemployment problem all at once,

All the able bodied people will head north to pan/dredge for gold…

[Nor-LA-SD-guy]

Here is another one of my weird thoughts; If Gold gets to 3000 dollars per ounce,

That will solve the housing crisis and the unemployment problem all at once,

All the able bodied people will head north to pan/dredge for gold…

[Nor-LA-SD-guy]

Here is another one of my weird thoughts; If Gold gets to 3000 dollars per ounce,

That will solve the housing crisis and the unemployment problem all at once,

All the able bodied people will head north to pan/dredge for gold…

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