Red, I'm in it for the long haul and will stay short. That's why I didn't try to catch the top. I have been losing money for months but I truly believed I would be OK and hopefully now I will be.
Don't worry Red – it's never too late and I'm sure you will get your chance. I think the only thing I have learned from the stock market is to expect the unexpected!
Another reason for the sell of could be due to a hedge fund that imploded. One of my associates heard some speculation of this going around the pits today.
I will post if a get any additional info on the story.
looks like the shorts got the jump on us. Right when I thought “we” had it figured out the “cartel” steps ahead of us and sells. On what news? Rueters states Jobless claims (weekly) and soviergn debt problems, see yahoofincancial
I've read the revisions to the monthly employment data for the previous YEAR will come out tomorrow and the bad news is that it's thought the revisions could be 100K more each of the 12 months unemployed than reported (according to larry levin). This bad news for 2009 will overshadow the NFP tomorrow. So they sold the bad news today.
Red, I'm in it for the long haul and will stay short. That's why I didn't try to catch the top. I have been losing money for months but I truly believed I would be OK and hopefully now I will be.
Ain't that the truth girl? Stay short if you're already there. I'll look for a bounce tomorrow to join you.
Don't worry Red – it's never too late and I'm sure you will get your chance. I think the only thing I have learned from the stock market is to expect the unexpected!
Please do… (and let's just hope for a small bounce tomorrow to get short on)
Another reason for the sell of could be due to a hedge fund that imploded. One of my associates heard some speculation of this going around the pits today.
I will post if a get any additional info on the story.
I'm hoping for a bounce tomorrow ben… I totally didn't see this one coming.
I'm sitting in cash too Captain. I didn't see this one coming. I'll have too wait for a bounce… hopefully tomorrow.
No, I miss this one Monica. I'm glad your short though. I'll have to wait for a bounce now to get short. Arrrgggh!
You short now?
looks like the shorts got the jump on us. Right when I thought “we” had it figured out the “cartel” steps ahead of us and sells. On what news? Rueters states Jobless claims (weekly) and soviergn debt problems, see yahoofincancial
I've read the revisions to the monthly employment data for the previous YEAR will come out tomorrow and the bad news is that it's thought the revisions could be 100K more each of the 12 months unemployed than reported (according to larry levin). This bad news for 2009 will overshadow the NFP tomorrow. So they sold the bad news today.