RED, I ADMIRE THE WAY YOU LISTEN TO OTHERS WHO ARE OPPOSED TO YOUR SHORT SIDE, RESPOND TO THEM WITH FACTS AND CHARTS, AND NOT WAVER FROM YOUR STANCE.I HAVE A QUESTION, ASSUMING YOUR RIGHT, WHY WOULD THE PPT ALLOW THIS MARKET TO CASCADE.THEY SEEM TO FIRE IN BUY PROGRAMS TO PREVENT SUCH AN EVENT.TONIGHT ON FAST MONEY, WHEN RICHARD RUSSELL ,WHO HAS BEEN AROUND FOR 50 YEARS, SAID THE DOW COULD FALL 3000 POINTS,THE PANEL QUICKLY STATED THE PPT WOULD NEVER LET THAT HAPPEN.I AM WITH YOU ON THE SHORT SIDE,BUT ITS TOUGH TO FIGHT A PRINTING PRESS WITH UNLIMITED INK AND PAPER.
Actually Monica, I think most people think that the 10% correct is now done, and we're going back up to 1300 or something. I feel like I'm the only bear left right now.
Well, the TA's are still bearish. That's why I'm still short. If we have something like a terrorist attack on Thursday, you know the market will crash.
I don't want that too happen, but Ayatollah Ali Khamenei is threating something?
It's times like these that put hair on your chest… if you know what I mean. You either score big, or lose big. We'll see what happens tomorrow I guess? I'm most worried about what that idiot Ayatollah Ali Khamenei is going to do on Thursday.
Since there is also 2 tons of explosives missing from Kinder company (owned by Goldman Sachs), he could be planing so terrorist attack? I hope not, as I don't want people to die so the market will go down. I just want it to correct like it should. I'd rather see some financial crisis then a terrorist attack happen. Let's hope that's not it…
I have a friend who is Iranian who is “in the know”. I just sent him that article to get his thoughts. I'll let you know if I hear back.
I feel like it's pretty mixed. But we shall see. If we happen to gap up in the morning substantially, what will you do?
RED, I ADMIRE THE WAY YOU LISTEN TO OTHERS WHO ARE OPPOSED TO YOUR SHORT SIDE, RESPOND TO THEM WITH FACTS AND CHARTS, AND NOT WAVER FROM YOUR STANCE.I HAVE A QUESTION, ASSUMING YOUR RIGHT, WHY WOULD THE PPT ALLOW THIS MARKET TO CASCADE.THEY SEEM TO FIRE IN BUY PROGRAMS TO PREVENT SUCH AN EVENT.TONIGHT ON FAST MONEY, WHEN RICHARD RUSSELL ,WHO HAS BEEN AROUND FOR 50 YEARS, SAID THE DOW COULD FALL 3000 POINTS,THE PANEL QUICKLY STATED THE PPT WOULD NEVER LET THAT HAPPEN.I AM WITH YOU ON THE SHORT SIDE,BUT ITS TOUGH TO FIGHT A PRINTING PRESS WITH UNLIMITED INK AND PAPER.
Actually Monica, I think most people think that the 10% correct is now done, and we're going back up to 1300 or something. I feel like I'm the only bear left right now.
Yes, but it wouldn't be the first time they tried to scare us. But with the market at a crossroads, maybe this time it will happen. Hope not though.
Look for something in news about Greece to cause this market to tank. Remain patience… I'm still short. This is not bullish.
Well, the TA's are still bearish. That's why I'm still short. If we have something like a terrorist attack on Thursday, you know the market will crash.
I don't want that too happen, but Ayatollah Ali Khamenei is threating something?
Dreadwin is right that too many people are expecting it to go down tomorrow. That is what worries me most.
Great post Red. I'll be taking my beating like a woman! I have the same gut feel as you but my gut feel hasn't served me well in the past!
It's times like these that put hair on your chest… if you know what I mean. You either score big, or lose big. We'll see what happens tomorrow I guess? I'm most worried about what that idiot Ayatollah Ali Khamenei is going to do on Thursday.
Since there is also 2 tons of explosives missing from Kinder company (owned by Goldman Sachs), he could be planing so terrorist attack? I hope not, as I don't want people to die so the market will go down. I just want it to correct like it should. I'd rather see some financial crisis then a terrorist attack happen. Let's hope that's not it…