anyone like any calls right now? vix is up 12%… will be pricey
Anyone covering shorts into the close? I’m rolling down some puts to take some premium off the table.
I got rid on my FAZ…will buy back again tomorrow. Get outta the way, the bears are back.
yeah. got scared out of faz during the day. went short gold equities as of right now though. fed and treasury officials seem like they’re desperate for cash, like they know something that we don’t desperate. as in deflation like none-other.
I’m still holding short financials, cause it’s still in red 
Dont buy these short financials in a hurry…wait for them to hit new 52 week lows and then enjoy the ride up for 100% returns. Do the same with long ETFs.
MattLikesAnalysis Wrote: ------------------------------------------------------- > fed and treasury officials seem like they’re desperate > for cash, like they know something that we don’t > desperate. …this thought has popped into my head a number of times over the last couple months. We have to assume they know stuff we don’t, and some of the extreme actions they have been taking with such a sense of urgency…well ya, they seem seriously concerned and that is concerning.
seems like a bit of buy the rumour sell the fact to me - people were expecting a rally into the end of Q1 on rebalancing / window dressing etc, so they got ahead of it and now on the 30th it tanks. From here I guess I’d rather be a seller, but with lower conviction than this morning. On another note, is there anything more pathetic than tick cheerers. “Yet again I am right” comments coming from any investor (particularly one so clearly ill-informed) is a pretty sure fire sign that they don’t know what they are doing and will inevitably blow up sooner or later from lack of humility. When that happens, I somehow doubt they will post what happened.
purealpha Wrote: ------------------------------------------------------- > MattLikesAnalysis Wrote: > -------------------------------------------------- > ----- > > fed and treasury officials seem like they’re > desperate > > for cash, like they know something that we > don’t > > desperate. > > …this thought has popped into my head a number > of times over the last couple months. > > We have to assume they know stuff we don’t, and > some of the extreme actions they have been taking > with such a sense of urgency…well ya, they seem > seriously concerned and that is concerning. The only difficulty with this trade is the stubborness of gold bugs. they will buy and hold until gold is worth $0.01/oz and even then will continue to hold and buy all the way down. in my experience, most of the population, including gold bugs, don’t realize that a depression=lower gold prices; they think that because gold was a good play in the depression, its a good play today… idiots. If you have the minerals and can hold onto the short, then you may be rewarded handsomely. The way I see it, if 100 gold bars can buy you all of Detroit and an army to go with it in today’s dollars, I don’t see it offering too much more in the future…
MattLikesAnalysis Wrote: > The way I see it, if 100 gold bars can buy you all > of Detroit and an army to go with it in today’s > dollars, I don’t see it offering too much more in > the future… I don’t care for Detroit but having my own army would be f’n rad.
I am impressed by the market’s resilience in the face of bad news the last 3/4 weeks. bravo.
If this market recoups more than yesterday’s losses I’m selling more mutual funds into the close.
I’m buying a leveraged short fund before the close. Everyone and their grandmother is trying to boost Q1 numbers. Looking to enter BGZ ~$61.00
I want to boost my Q1 numbers too. How do I make the market go up so I can do that?
Is it possible to sell leveraged ETF’s short? BGU, BGZ, etc.
Not only that, you can buy put options on some of those 3x leveraged suckers. So basically on a nominal, delta-adjusted basis you can find yourself >10x leveraged in some cases.
What’s the consensus about the argument that all leveraged funds will eventually go to zero because of price erosion? http://seekingalpha.com/article/35789-the-case-against-leveraged-etfs The argument here isn’t an opinion-based “the market will soar and bear funds will go to zero,” but rather a mathematical based argument that as the underlying fluctuates, the ETF declines over time. If you look at ETF pairs you can already see this happening. What are the risks of a long-term strategy of shorting the pairs of ETFs?
Its now safe to declare that we have entered a new era of prosperity.
yah, i know I have. Sold the time warner stock I bought yesterday for enough money to pay my cable bill for a year and I don’t even have cable so I’ll just spend that money on porn magazines.