My prediction: DOW -500 tomorrow Tuesday Jan 22, 08….

[kewp]

I am puzzled as to how anyone could think an armaggeddon scenario like a drop like that in housing could stand alone, but itleast those who thought that have the counter proof right in front of them.

I’m not disagreeing with you, but I’ll have to point out that our country did just fine when homes cost half what they did now.

Given that our economy is driven by consumer spending, wouldn’t it be beneficial if everyones mortgage payment was cut in half?

[LA_Renter]

Alright who is playing the SSO for the bounce?? Are we even going to have a bounce? Geeze!

[LA_Renter]

Alright who is playing the SSO for the bounce?? Are we even going to have a bounce? Geeze!

[LA_Renter]

Alright who is playing the SSO for the bounce?? Are we even going to have a bounce? Geeze!

[LA_Renter]

Alright who is playing the SSO for the bounce?? Are we even going to have a bounce? Geeze!

[LA_Renter]

Alright who is playing the SSO for the bounce?? Are we even going to have a bounce? Geeze!

[stockstradr]

Damn.

Even a die-hard bear like me is stunned. Wow.
On the S&P500 from 1565 down to 1278,-18%, in about three months, and the markets seem to want more blood !
Unreal.

This opinion is pure speculation, but here goes….

I think we’re going below 1100 on the S&P500, possibly to 1000. Then start buying. When oil hits $60/bbl, start buying it like its liquid gold. I think it might take 12 to 24 months for oil to fall below $60/bbl. I’m sticking with my shorts to ride oil down like a hell hound.

The only stock I like today is Nokia. I might buy a few shares, looking for a bump tomorrow. Then I’ll dump it.

I’m getting my ass kicked on the gold I bought yesterday. Yes, you can say “I told you so”

Naturally, I’m asking myself WHY on Jan 15th did I dump the 80% of my portfolio that was SHORT this market. Pure stupidity. Oh well. Better not to be greedy when so many are in a world of hurt from these markets.

Oh, one more thing. Someone asked about SSO. Let me share my pain. I went long, buying a little bit of SSO, when S&P500 had fallen to about 1310. I’m now losing so damn much money on that SSO that it is wiping out half my profits on my short oil sector positions. It seems this market grinds bulls into the ground. I should have stuck with being a Bear.

[stockstradr]

Damn.

Even a die-hard bear like me is stunned. Wow.
On the S&P500 from 1565 down to 1278,-18%, in about three months, and the markets seem to want more blood !
Unreal.

This opinion is pure speculation, but here goes….

I think we’re going below 1100 on the S&P500, possibly to 1000. Then start buying. When oil hits $60/bbl, start buying it like its liquid gold. I think it might take 12 to 24 months for oil to fall below $60/bbl. I’m sticking with my shorts to ride oil down like a hell hound.

The only stock I like today is Nokia. I might buy a few shares, looking for a bump tomorrow. Then I’ll dump it.

I’m getting my ass kicked on the gold I bought yesterday. Yes, you can say “I told you so”

Naturally, I’m asking myself WHY on Jan 15th did I dump the 80% of my portfolio that was SHORT this market. Pure stupidity. Oh well. Better not to be greedy when so many are in a world of hurt from these markets.

Oh, one more thing. Someone asked about SSO. Let me share my pain. I went long, buying a little bit of SSO, when S&P500 had fallen to about 1310. I’m now losing so damn much money on that SSO that it is wiping out half my profits on my short oil sector positions. It seems this market grinds bulls into the ground. I should have stuck with being a Bear.

[stockstradr]

Damn.

Even a die-hard bear like me is stunned. Wow.
On the S&P500 from 1565 down to 1278,-18%, in about three months, and the markets seem to want more blood !
Unreal.

This opinion is pure speculation, but here goes….

I think we’re going below 1100 on the S&P500, possibly to 1000. Then start buying. When oil hits $60/bbl, start buying it like its liquid gold. I think it might take 12 to 24 months for oil to fall below $60/bbl. I’m sticking with my shorts to ride oil down like a hell hound.

The only stock I like today is Nokia. I might buy a few shares, looking for a bump tomorrow. Then I’ll dump it.

I’m getting my ass kicked on the gold I bought yesterday. Yes, you can say “I told you so”

Naturally, I’m asking myself WHY on Jan 15th did I dump the 80% of my portfolio that was SHORT this market. Pure stupidity. Oh well. Better not to be greedy when so many are in a world of hurt from these markets.

Oh, one more thing. Someone asked about SSO. Let me share my pain. I went long, buying a little bit of SSO, when S&P500 had fallen to about 1310. I’m now losing so damn much money on that SSO that it is wiping out half my profits on my short oil sector positions. It seems this market grinds bulls into the ground. I should have stuck with being a Bear.

[stockstradr]

Damn.

Even a die-hard bear like me is stunned. Wow.
On the S&P500 from 1565 down to 1278,-18%, in about three months, and the markets seem to want more blood !
Unreal.

This opinion is pure speculation, but here goes….

I think we’re going below 1100 on the S&P500, possibly to 1000. Then start buying. When oil hits $60/bbl, start buying it like its liquid gold. I think it might take 12 to 24 months for oil to fall below $60/bbl. I’m sticking with my shorts to ride oil down like a hell hound.

The only stock I like today is Nokia. I might buy a few shares, looking for a bump tomorrow. Then I’ll dump it.

I’m getting my ass kicked on the gold I bought yesterday. Yes, you can say “I told you so”

Naturally, I’m asking myself WHY on Jan 15th did I dump the 80% of my portfolio that was SHORT this market. Pure stupidity. Oh well. Better not to be greedy when so many are in a world of hurt from these markets.

Oh, one more thing. Someone asked about SSO. Let me share my pain. I went long, buying a little bit of SSO, when S&P500 had fallen to about 1310. I’m now losing so damn much money on that SSO that it is wiping out half my profits on my short oil sector positions. It seems this market grinds bulls into the ground. I should have stuck with being a Bear.

[stockstradr]

Damn.

Even a die-hard bear like me is stunned. Wow.
On the S&P500 from 1565 down to 1278,-18%, in about three months, and the markets seem to want more blood !
Unreal.

This opinion is pure speculation, but here goes….

I think we’re going below 1100 on the S&P500, possibly to 1000. Then start buying. When oil hits $60/bbl, start buying it like its liquid gold. I think it might take 12 to 24 months for oil to fall below $60/bbl. I’m sticking with my shorts to ride oil down like a hell hound.

The only stock I like today is Nokia. I might buy a few shares, looking for a bump tomorrow. Then I’ll dump it.

I’m getting my ass kicked on the gold I bought yesterday. Yes, you can say “I told you so”

Naturally, I’m asking myself WHY on Jan 15th did I dump the 80% of my portfolio that was SHORT this market. Pure stupidity. Oh well. Better not to be greedy when so many are in a world of hurt from these markets.

Oh, one more thing. Someone asked about SSO. Let me share my pain. I went long, buying a little bit of SSO, when S&P500 had fallen to about 1310. I’m now losing so damn much money on that SSO that it is wiping out half my profits on my short oil sector positions. It seems this market grinds bulls into the ground. I should have stuck with being a Bear.

[Ozzie]

I think the gov’t has finally figured out that the biggest economic risk to the country is the housing market and in particular the bad mortgages on lenders/investors/insurers books which are causing a credit crunch being felt in all aspects of the economy. With that said you are going to see a huge gov’t bailout which is already under way. The gov’t wants everyone who stands to lose their home to re-finance so that they stay in those homes and the loans will come of the lenders books. You think the $150 billion stimulus package is the end of this? No way. I can see the gov’t offering cash out re-fi’s to subprime borrowers so that they avoid forecosure and spend th cash to stimulate the economy. Buy WMT because that’s where a ton of the money is going to be spent, and then just wait until Hillary (former WMT board member) and Bill take over the White House.

[Ozzie]

I think the gov’t has finally figured out that the biggest economic risk to the country is the housing market and in particular the bad mortgages on lenders/investors/insurers books which are causing a credit crunch being felt in all aspects of the economy. With that said you are going to see a huge gov’t bailout which is already under way. The gov’t wants everyone who stands to lose their home to re-finance so that they stay in those homes and the loans will come of the lenders books. You think the $150 billion stimulus package is the end of this? No way. I can see the gov’t offering cash out re-fi’s to subprime borrowers so that they avoid forecosure and spend th cash to stimulate the economy. Buy WMT because that’s where a ton of the money is going to be spent, and then just wait until Hillary (former WMT board member) and Bill take over the White House.

[Ozzie]

I think the gov’t has finally figured out that the biggest economic risk to the country is the housing market and in particular the bad mortgages on lenders/investors/insurers books which are causing a credit crunch being felt in all aspects of the economy. With that said you are going to see a huge gov’t bailout which is already under way. The gov’t wants everyone who stands to lose their home to re-finance so that they stay in those homes and the loans will come of the lenders books. You think the $150 billion stimulus package is the end of this? No way. I can see the gov’t offering cash out re-fi’s to subprime borrowers so that they avoid forecosure and spend th cash to stimulate the economy. Buy WMT because that’s where a ton of the money is going to be spent, and then just wait until Hillary (former WMT board member) and Bill take over the White House.

[Ozzie]

I think the gov’t has finally figured out that the biggest economic risk to the country is the housing market and in particular the bad mortgages on lenders/investors/insurers books which are causing a credit crunch being felt in all aspects of the economy. With that said you are going to see a huge gov’t bailout which is already under way. The gov’t wants everyone who stands to lose their home to re-finance so that they stay in those homes and the loans will come of the lenders books. You think the $150 billion stimulus package is the end of this? No way. I can see the gov’t offering cash out re-fi’s to subprime borrowers so that they avoid forecosure and spend th cash to stimulate the economy. Buy WMT because that’s where a ton of the money is going to be spent, and then just wait until Hillary (former WMT board member) and Bill take over the White House.

[Author]

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