Now's The Time to Get Back Into Stocks ... (purchase, interest, money)
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If you want to make money right now, short the guys who aren't hurting yet. Wal-Mart comes to mind. They keep coming up with increased profits.. that will end soon as more and more people run out of money.
Sorry, but are you nuts? In bad times, people are going to buy necessities only, and Wal-Mart is the place they will flock to (if you buy into all that fundamental stuff). A stock like WMT is not even a potential short stock.
For the record, I don't own WMT and probably never will, because the stock doesn't meet my buying criteria.
I'm thinking the market hits a deep (maybe not THE) bottom after New Years when the 2008 Q4 reports and earnings come out. Pretty safe bet they're gonna look like s***.
I'm thinking the market hits a deep (maybe not THE) bottom after New Years when the 2008 Q4 reports and earnings come out. Pretty safe bet they're gonna look like s***.
Keep drinking that sweet nepenthe. Let blissful oblivion cloud your mind.
Huh? Do you think I said something inaccurate? You can make millions off a little in options, shorting etc. Point being if you really think you are correct about the direction of the market, they should leverage up and make some real money.
Oh geez, didn't realize the market tanked today until just now. I only have a few thousand left in equities so I stopped looking at the equity markets all the time, its depressing.
2 years ago I thought the DOW wouldn't go much below 10,000, but I didn't bet any money on this prediction it was just really an educated guess. I'm really glad I don't have much in equities...its starting to seem like there has really been a 2 decade long bubble in stocks.
Huh? Do you think I said something inaccurate? You can make millions off a little in options, shorting etc. Point being if you really think you are correct about the direction of the market, they should leverage up and make some real money.
+1
Calls on DIG or even ERX, June calls on UYG (going for a song), Calls on DIA, QLD, URE, SAA, etc.
I would probably do a straddle/strangle, however (buying calls AND puts). Personally, I'm not holding anything long term except a few $20 strike AMR call LEAPS. Besides, the 120% gains in one day on index puts are mostly happening on the November and December puts...
Yeah .... ya got me. Obviously I wish I had bought at 7800 instead of 8700 but oh well ... I'll just buy some more and lower my basis.
Actually you proclaimed on the morning of November 5th you were getting back in the market when it was at 9625. The market has dropped 19% since then. Basing it on the S&P 500, you got in at 1005, it is now at 785. That is a 22% loss. You are bullish on Real Estate too, correct?
Actually you proclaimed on the morning of November 5th you were getting back in the market when it was at 9625. The market has dropped 19% since then. If we break 7800 you will have an even lower basis to brag about!
Don't you know that it's human nature to boast about the hits and forget about the misses?.....
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