Another boring day. This week the volume has been exceptionally weak. Only thing I can think of is that we are in spring break season. Alot of trading are taking off to be with their kids.
YAWN
Thursday, March 27, 2008
SHORTS
I know some people are going to read my thoughts and say how can I short. Well you can't short in a regular account or an retirement account but you can be long ultrashort tracker stocks which is essentially shorting the market. A few of them are
1)SKF- Buying this is shorting the financials
2)SCC- Buying this is shorting Consumer services.
3)SJH, TWM-Buying these is shorting the russell
4)QID-Buying this is shorting the Nasdaq 100
5)DXD -Buying this is shorting the DOW.
When I remember more I will post them.
1)SKF- Buying this is shorting the financials
2)SCC- Buying this is shorting Consumer services.
3)SJH, TWM-Buying these is shorting the russell
4)QID-Buying this is shorting the Nasdaq 100
5)DXD -Buying this is shorting the DOW.
When I remember more I will post them.
Market is in trouble
This market is really in a hole to say the least. The economy is screwed and so is the markets. Everyday we listen to the talking heads on tv talking about FED saving us etc bailing out banks really! Let the FED bail us out of the Oil crisis too, the Ozone level thinning too while they are at it - I mean really the think the FED a PRIVATE institution can save us.
People made bad investments. Last I looked you make a bad investment, you lose on it, you have to suck it up and move on and try to make a better investment next time! Do we live in a land of whiners? I've made a TON of bad investments that lost a boatload of money. I threw away crazy money when I was younger on stupid things I thought would be great investments it didn't work, I think I should call Bernanke today so he can bail me out.
Where do you draw the line? Besides, even if a case could be made as to why the Fed should do one of the dumbest ideas ever thrown out there,which is bailing out homeowners where is the money coming from? There is no difference doing this and just wiping the value of the US Dollar down to zero. That's where we are heading, If the Fed (when) bail out homeowners they will be making the single biggest mistake in the history of the US Economy. We will 100% be headed into a DEPRESSION that is likely to last for MANY years. They will be dooming our country to the worst economic crisis we have ever known, and they will render our currency worthless. They may very well bankrupt the entire country. Bernanke has ZERO clue about what he is doing.
The next thing on the horizon is our $600 checks. Whipppe- I can't wait to get mine. What the heck can $600 do in these times. buy gas for the SUV for a month. Yep we will get our $600 and be a OK wow I can't wait. What American economists and politicians never realize is that the bandaid economics and politics eventually make things worst. They are just delaying the inevitable, the same thing happened with the internet bubble. This is the perfect storm.
I still think a Major bank will go under for sure. I think two bank which are doomed are Washington Mutual (WM) and Sovereign Bancorp (SOV). Forget about the Freddie Mac and Fanny Mae they are goign to lose some serious money in this spiral housing market eventually crash. We aren't seen nothing yet folks, if we let it all crash at the bottom we will generate real jobs and we fill finally push out of this downturn.
I hope I am wrong but I am rarely wrong with these things. I hope we bounce from here very soon so I can set up some shorts and get rich from the ignorance of others. I was bullish at the beginning of the week for at least the short term but the trading action has let me back into my long term bear mode. I would as a trader love I mean love us to bounce so I can short the world.
Don't worry I will try my best to guide my readers.
The most money I ever made in the markets was during the Internet meltdown as I was short. I knew Nasdaq 5000 was just Utopia, we are at the beginning at another Utopia of the FED saving us.
People made bad investments. Last I looked you make a bad investment, you lose on it, you have to suck it up and move on and try to make a better investment next time! Do we live in a land of whiners? I've made a TON of bad investments that lost a boatload of money. I threw away crazy money when I was younger on stupid things I thought would be great investments it didn't work, I think I should call Bernanke today so he can bail me out.
Where do you draw the line? Besides, even if a case could be made as to why the Fed should do one of the dumbest ideas ever thrown out there,which is bailing out homeowners where is the money coming from? There is no difference doing this and just wiping the value of the US Dollar down to zero. That's where we are heading, If the Fed (when) bail out homeowners they will be making the single biggest mistake in the history of the US Economy. We will 100% be headed into a DEPRESSION that is likely to last for MANY years. They will be dooming our country to the worst economic crisis we have ever known, and they will render our currency worthless. They may very well bankrupt the entire country. Bernanke has ZERO clue about what he is doing.
The next thing on the horizon is our $600 checks. Whipppe- I can't wait to get mine. What the heck can $600 do in these times. buy gas for the SUV for a month. Yep we will get our $600 and be a OK wow I can't wait. What American economists and politicians never realize is that the bandaid economics and politics eventually make things worst. They are just delaying the inevitable, the same thing happened with the internet bubble. This is the perfect storm.
I still think a Major bank will go under for sure. I think two bank which are doomed are Washington Mutual (WM) and Sovereign Bancorp (SOV). Forget about the Freddie Mac and Fanny Mae they are goign to lose some serious money in this spiral housing market eventually crash. We aren't seen nothing yet folks, if we let it all crash at the bottom we will generate real jobs and we fill finally push out of this downturn.
I hope I am wrong but I am rarely wrong with these things. I hope we bounce from here very soon so I can set up some shorts and get rich from the ignorance of others. I was bullish at the beginning of the week for at least the short term but the trading action has let me back into my long term bear mode. I would as a trader love I mean love us to bounce so I can short the world.
Don't worry I will try my best to guide my readers.
The most money I ever made in the markets was during the Internet meltdown as I was short. I knew Nasdaq 5000 was just Utopia, we are at the beginning at another Utopia of the FED saving us.
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