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stockstradr
ParticipantSorry, I didn’t mean to imply that S&P 500 index is the only index worth shorting. For example, I’ve certainly noticed the NASDAQ is taking more of a beating than the S&P 500.
Do feel free to look ProShares’ short ETF’s that cover a wide range of indexes beyond the S&P500. Also do look beyond ProShares, as there are certainly other financial instruments to short this market. Post what you find so I can learn also.
However, choose such short ETF’s with caution and full knowledge of what you are buying. For example, when you buy a 2X leveraged market inverse ETF like “SDS” you are buying a very risky item, essentially you are buying a basket of short and OPTION positions – which is how they achieve the 2X leverage. If the market starts rising fast, of course SDS will fall TWICE as fast in response, which can quickly destroy a portfolio if you’re heavily weighted in SDS.
Also, if you are buying inverse ETF’s after the indexes have lost 10% in matter of ten days, you had better expect possible market bargain hunters may come in any day now and dominate the market for a short period (pushing the indexes up say 5%). You might buy today and find two weeks later the bargain hunters moved the markets up 5%, taking your SDS position DOWN 10% which will scare you. Then three months later you might find the markets are say 10% LOWER than they are today, putting that same SDS position UP 20% from today. I am just saying be ready to handle some rough water if you are buying inverse ETF’s.
Having said that, I’m stunned the markets are falling today. I think anyone would have expected an UP day after so many down days.
ParticipantSorry, I didn’t mean to imply that S&P 500 index is the only index worth shorting. For example, I’ve certainly noticed the NASDAQ is taking more of a beating than the S&P 500.
Do feel free to look ProShares’ short ETF’s that cover a wide range of indexes beyond the S&P500. Also do look beyond ProShares, as there are certainly other financial instruments to short this market. Post what you find so I can learn also.
However, choose such short ETF’s with caution and full knowledge of what you are buying. For example, when you buy a 2X leveraged market inverse ETF like “SDS” you are buying a very risky item, essentially you are buying a basket of short and OPTION positions – which is how they achieve the 2X leverage. If the market starts rising fast, of course SDS will fall TWICE as fast in response, which can quickly destroy a portfolio if you’re heavily weighted in SDS.
Also, if you are buying inverse ETF’s after the indexes have lost 10% in matter of ten days, you had better expect possible market bargain hunters may come in any day now and dominate the market for a short period (pushing the indexes up say 5%). You might buy today and find two weeks later the bargain hunters moved the markets up 5%, taking your SDS position DOWN 10% which will scare you. Then three months later you might find the markets are say 10% LOWER than they are today, putting that same SDS position UP 20% from today. I am just saying be ready to handle some rough water if you are buying inverse ETF’s.
Having said that, I’m stunned the markets are falling today. I think anyone would have expected an UP day after so many down days.
ParticipantThis topic has been heavily covered in previous posts; search the forum.
I used to trade BEARX until I took a close look at how conservative a bear fund it is, plus the fees are too high.
Look closely at the ProShares set of ETF’s.
Either you are awake and realize this market is on a nasty downtrend, or you’re still asleep.
If you ARE awake then don’t play kid games with BEARX which has a mushy flaccid response to a down market day. Instead go with a 1X (ProShares “Short”) or 2X leveraged (ProShares “Ultrashort”) INVERSE index ETF like “SH” or “SDS”
When the markets fall, trust me, those ETF’s go UP like a rocket.
However, I would imagine a professional investment adviser would advise caution before you put significant % of a retirement portfolio into any 2X inverse financial instrument. You might hold the allocation to 10%, but other people might go with more.
In general my advice (in these extreme market conditions) is AAA bonds, gold, cash, inverse ETF.
ParticipantThis topic has been heavily covered in previous posts; search the forum.
I used to trade BEARX until I took a close look at how conservative a bear fund it is, plus the fees are too high.
Look closely at the ProShares set of ETF’s.
Either you are awake and realize this market is on a nasty downtrend, or you’re still asleep.
If you ARE awake then don’t play kid games with BEARX which has a mushy flaccid response to a down market day. Instead go with a 1X (ProShares “Short”) or 2X leveraged (ProShares “Ultrashort”) INVERSE index ETF like “SH” or “SDS”
When the markets fall, trust me, those ETF’s go UP like a rocket.
However, I would imagine a professional investment adviser would advise caution before you put significant % of a retirement portfolio into any 2X inverse financial instrument. You might hold the allocation to 10%, but other people might go with more.
In general my advice (in these extreme market conditions) is AAA bonds, gold, cash, inverse ETF.
ParticipantThis topic has been heavily covered in previous posts; search the forum.
I used to trade BEARX until I took a close look at how conservative a bear fund it is, plus the fees are too high.
Look closely at the ProShares set of ETF’s.
Either you are awake and realize this market is on a nasty downtrend, or you’re still asleep.
If you ARE awake then don’t play kid games with BEARX which has a mushy flaccid response to a down market day. Instead go with a 1X (ProShares “Short”) or 2X leveraged (ProShares “Ultrashort”) INVERSE index ETF like “SH” or “SDS”
When the markets fall, trust me, those ETF’s go UP like a rocket.
However, I would imagine a professional investment adviser would advise caution before you put significant % of a retirement portfolio into any 2X inverse financial instrument. You might hold the allocation to 10%, but other people might go with more.
In general my advice (in these extreme market conditions) is AAA bonds, gold, cash, inverse ETF.
ParticipantThis topic has been heavily covered in previous posts; search the forum.
I used to trade BEARX until I took a close look at how conservative a bear fund it is, plus the fees are too high.
Look closely at the ProShares set of ETF’s.
Either you are awake and realize this market is on a nasty downtrend, or you’re still asleep.
If you ARE awake then don’t play kid games with BEARX which has a mushy flaccid response to a down market day. Instead go with a 1X (ProShares “Short”) or 2X leveraged (ProShares “Ultrashort”) INVERSE index ETF like “SH” or “SDS”
When the markets fall, trust me, those ETF’s go UP like a rocket.
However, I would imagine a professional investment adviser would advise caution before you put significant % of a retirement portfolio into any 2X inverse financial instrument. You might hold the allocation to 10%, but other people might go with more.
In general my advice (in these extreme market conditions) is AAA bonds, gold, cash, inverse ETF.
ParticipantThis topic has been heavily covered in previous posts; search the forum.
I used to trade BEARX until I took a close look at how conservative a bear fund it is, plus the fees are too high.
Look closely at the ProShares set of ETF’s.
Either you are awake and realize this market is on a nasty downtrend, or you’re still asleep.
If you ARE awake then don’t play kid games with BEARX which has a mushy flaccid response to a down market day. Instead go with a 1X (ProShares “Short”) or 2X leveraged (ProShares “Ultrashort”) INVERSE index ETF like “SH” or “SDS”
When the markets fall, trust me, those ETF’s go UP like a rocket.
However, I would imagine a professional investment adviser would advise caution before you put significant % of a retirement portfolio into any 2X inverse financial instrument. You might hold the allocation to 10%, but other people might go with more.
In general my advice (in these extreme market conditions) is AAA bonds, gold, cash, inverse ETF.
ParticipantThis is a fun thread; I’ll take the bait and reply.
I’m at a 2, really enjoying the ride, and not bitter. However, my wife and I have benefited from reading the wisdom of this forum from the beginning. We sold our house at the peak, renting it back from the fool who bought it. We moved that equity to China where we bought a big condo which has doubled in price (plus a 10% currency move). We remain renters, now live in Bay Area and have nice salaries to match. Both our retirement portfolios were aggressively Bearish of the market when they should have been, so today the account numbers look fantastic. We are making good progress saving for the housing market to hit Rock Bottom, planning to buy a SFH then at discount.
The sole remaining event needed for me to reach a Level 1 is that anticipated “Day of Total Panic” where stock markets fall so fast inside a trading day they hit the hard stop maximum downside limit and trip the “Circuit Breakers” freezing trading during that day. I expect too see that dark day of panic within six months and I expect it to involve at least a TEN PERCENT total drop in two trading sessions or less. I plan to make a large amount of money that day.
http://www.msnbc.msn.com/id/21197396/
This forum, oddly, seems to still have some permabulls who spend their days spewing flaming posts against the die hard Bears like me.
I offer this sincere and friendly advice to those permabulls, because I do want you to be happy and prosperous.
This economy and stock market is in a nasty evil vengeful mood. It is a runaway train headed downhill now at breakneck pace. This train is going to roll over you and shred your retirement portfolio if you stand on the train tracks like a naively optimistic glass-is-half-full PermaBull.
Get a clue. On the NASDAQ alone we have seen a 9.7% decline since Dec 26th, less than ten trading days.
My advice: get on board with us Bears and make some money or at least move your entire portfolio out of stocks. Do it because there is not a single reason for a Bull Market, and every reason exists for a dark nasty Bear Market that is now upon us with a vengeance.
Oh, and am I bothered by the flame posts?
When a man sits on the floor counting as much gold as I’ve won in the market in the last ten days, a few gnats flying around the room are not noticeable.
ParticipantThis is a fun thread; I’ll take the bait and reply.
I’m at a 2, really enjoying the ride, and not bitter. However, my wife and I have benefited from reading the wisdom of this forum from the beginning. We sold our house at the peak, renting it back from the fool who bought it. We moved that equity to China where we bought a big condo which has doubled in price (plus a 10% currency move). We remain renters, now live in Bay Area and have nice salaries to match. Both our retirement portfolios were aggressively Bearish of the market when they should have been, so today the account numbers look fantastic. We are making good progress saving for the housing market to hit Rock Bottom, planning to buy a SFH then at discount.
The sole remaining event needed for me to reach a Level 1 is that anticipated “Day of Total Panic” where stock markets fall so fast inside a trading day they hit the hard stop maximum downside limit and trip the “Circuit Breakers” freezing trading during that day. I expect too see that dark day of panic within six months and I expect it to involve at least a TEN PERCENT total drop in two trading sessions or less. I plan to make a large amount of money that day.
http://www.msnbc.msn.com/id/21197396/
This forum, oddly, seems to still have some permabulls who spend their days spewing flaming posts against the die hard Bears like me.
I offer this sincere and friendly advice to those permabulls, because I do want you to be happy and prosperous.
This economy and stock market is in a nasty evil vengeful mood. It is a runaway train headed downhill now at breakneck pace. This train is going to roll over you and shred your retirement portfolio if you stand on the train tracks like a naively optimistic glass-is-half-full PermaBull.
Get a clue. On the NASDAQ alone we have seen a 9.7% decline since Dec 26th, less than ten trading days.
My advice: get on board with us Bears and make some money or at least move your entire portfolio out of stocks. Do it because there is not a single reason for a Bull Market, and every reason exists for a dark nasty Bear Market that is now upon us with a vengeance.
Oh, and am I bothered by the flame posts?
When a man sits on the floor counting as much gold as I’ve won in the market in the last ten days, a few gnats flying around the room are not noticeable.
ParticipantThis is a fun thread; I’ll take the bait and reply.
I’m at a 2, really enjoying the ride, and not bitter. However, my wife and I have benefited from reading the wisdom of this forum from the beginning. We sold our house at the peak, renting it back from the fool who bought it. We moved that equity to China where we bought a big condo which has doubled in price (plus a 10% currency move). We remain renters, now live in Bay Area and have nice salaries to match. Both our retirement portfolios were aggressively Bearish of the market when they should have been, so today the account numbers look fantastic. We are making good progress saving for the housing market to hit Rock Bottom, planning to buy a SFH then at discount.
The sole remaining event needed for me to reach a Level 1 is that anticipated “Day of Total Panic” where stock markets fall so fast inside a trading day they hit the hard stop maximum downside limit and trip the “Circuit Breakers” freezing trading during that day. I expect too see that dark day of panic within six months and I expect it to involve at least a TEN PERCENT total drop in two trading sessions or less. I plan to make a large amount of money that day.
http://www.msnbc.msn.com/id/21197396/
This forum, oddly, seems to still have some permabulls who spend their days spewing flaming posts against the die hard Bears like me.
I offer this sincere and friendly advice to those permabulls, because I do want you to be happy and prosperous.
This economy and stock market is in a nasty evil vengeful mood. It is a runaway train headed downhill now at breakneck pace. This train is going to roll over you and shred your retirement portfolio if you stand on the train tracks like a naively optimistic glass-is-half-full PermaBull.
Get a clue. On the NASDAQ alone we have seen a 9.7% decline since Dec 26th, less than ten trading days.
My advice: get on board with us Bears and make some money or at least move your entire portfolio out of stocks. Do it because there is not a single reason for a Bull Market, and every reason exists for a dark nasty Bear Market that is now upon us with a vengeance.
Oh, and am I bothered by the flame posts?
When a man sits on the floor counting as much gold as I’ve won in the market in the last ten days, a few gnats flying around the room are not noticeable.
ParticipantThis is a fun thread; I’ll take the bait and reply.
I’m at a 2, really enjoying the ride, and not bitter. However, my wife and I have benefited from reading the wisdom of this forum from the beginning. We sold our house at the peak, renting it back from the fool who bought it. We moved that equity to China where we bought a big condo which has doubled in price (plus a 10% currency move). We remain renters, now live in Bay Area and have nice salaries to match. Both our retirement portfolios were aggressively Bearish of the market when they should have been, so today the account numbers look fantastic. We are making good progress saving for the housing market to hit Rock Bottom, planning to buy a SFH then at discount.
The sole remaining event needed for me to reach a Level 1 is that anticipated “Day of Total Panic” where stock markets fall so fast inside a trading day they hit the hard stop maximum downside limit and trip the “Circuit Breakers” freezing trading during that day. I expect too see that dark day of panic within six months and I expect it to involve at least a TEN PERCENT total drop in two trading sessions or less. I plan to make a large amount of money that day.
http://www.msnbc.msn.com/id/21197396/
This forum, oddly, seems to still have some permabulls who spend their days spewing flaming posts against the die hard Bears like me.
I offer this sincere and friendly advice to those permabulls, because I do want you to be happy and prosperous.
This economy and stock market is in a nasty evil vengeful mood. It is a runaway train headed downhill now at breakneck pace. This train is going to roll over you and shred your retirement portfolio if you stand on the train tracks like a naively optimistic glass-is-half-full PermaBull.
Get a clue. On the NASDAQ alone we have seen a 9.7% decline since Dec 26th, less than ten trading days.
My advice: get on board with us Bears and make some money or at least move your entire portfolio out of stocks. Do it because there is not a single reason for a Bull Market, and every reason exists for a dark nasty Bear Market that is now upon us with a vengeance.
Oh, and am I bothered by the flame posts?
When a man sits on the floor counting as much gold as I’ve won in the market in the last ten days, a few gnats flying around the room are not noticeable.
ParticipantThis is a fun thread; I’ll take the bait and reply.
I’m at a 2, really enjoying the ride, and not bitter. However, my wife and I have benefited from reading the wisdom of this forum from the beginning. We sold our house at the peak, renting it back from the fool who bought it. We moved that equity to China where we bought a big condo which has doubled in price (plus a 10% currency move). We remain renters, now live in Bay Area and have nice salaries to match. Both our retirement portfolios were aggressively Bearish of the market when they should have been, so today the account numbers look fantastic. We are making good progress saving for the housing market to hit Rock Bottom, planning to buy a SFH then at discount.
The sole remaining event needed for me to reach a Level 1 is that anticipated “Day of Total Panic” where stock markets fall so fast inside a trading day they hit the hard stop maximum downside limit and trip the “Circuit Breakers” freezing trading during that day. I expect too see that dark day of panic within six months and I expect it to involve at least a TEN PERCENT total drop in two trading sessions or less. I plan to make a large amount of money that day.
http://www.msnbc.msn.com/id/21197396/
This forum, oddly, seems to still have some permabulls who spend their days spewing flaming posts against the die hard Bears like me.
I offer this sincere and friendly advice to those permabulls, because I do want you to be happy and prosperous.
This economy and stock market is in a nasty evil vengeful mood. It is a runaway train headed downhill now at breakneck pace. This train is going to roll over you and shred your retirement portfolio if you stand on the train tracks like a naively optimistic glass-is-half-full PermaBull.
Get a clue. On the NASDAQ alone we have seen a 9.7% decline since Dec 26th, less than ten trading days.
My advice: get on board with us Bears and make some money or at least move your entire portfolio out of stocks. Do it because there is not a single reason for a Bull Market, and every reason exists for a dark nasty Bear Market that is now upon us with a vengeance.
Oh, and am I bothered by the flame posts?
When a man sits on the floor counting as much gold as I’ve won in the market in the last ten days, a few gnats flying around the room are not noticeable.
ParticipantMy in-laws live in my investment property condo in China. Their male cat was spraying. Keep in mind this is a luxury condo, about 2000 sq ft. I did not want that condo given the cat urine “air freshener” treatment.
I told them to castrate that cat. The father agreed and pressured the mother also to take that cat to vet.
So they took it to vet to get it castrated.
That China vet killed that cat when it botched the castration. (Nice medical services in China!)
So cat is dead, PROBLEM SOLVED!
My wife cried for WEEKS over loss of the cat she remembered from childhood in China.
Now, you must know this cat was PSYCHO because it was abused or something before they got it. That cat would not let anyone pet it, and it ran and hid when anyone was around. It couldn’t meow and would utter this pathetic sound like it had deep psychological distubances. it never purred. It was crazy.
I thought to myself, “What is the point of having a pet cat like that if it doesn’t act like a pet, and it hates humans and acts crazy?”
I think this is good example of how that crazy cat would act. Our China cat must have been related to this “Burger and Fries” cat:
http://youtube.com/watch?v=Z2mbeSAmUP4I did not cry when it died. 🙂
ParticipantMy in-laws live in my investment property condo in China. Their male cat was spraying. Keep in mind this is a luxury condo, about 2000 sq ft. I did not want that condo given the cat urine “air freshener” treatment.
I told them to castrate that cat. The father agreed and pressured the mother also to take that cat to vet.
So they took it to vet to get it castrated.
That China vet killed that cat when it botched the castration. (Nice medical services in China!)
So cat is dead, PROBLEM SOLVED!
My wife cried for WEEKS over loss of the cat she remembered from childhood in China.
Now, you must know this cat was PSYCHO because it was abused or something before they got it. That cat would not let anyone pet it, and it ran and hid when anyone was around. It couldn’t meow and would utter this pathetic sound like it had deep psychological distubances. it never purred. It was crazy.
I thought to myself, “What is the point of having a pet cat like that if it doesn’t act like a pet, and it hates humans and acts crazy?”
I think this is good example of how that crazy cat would act. Our China cat must have been related to this “Burger and Fries” cat:
http://youtube.com/watch?v=Z2mbeSAmUP4I did not cry when it died. 🙂
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