Joker is like a local radio sports talk host that picks 3 games a day against the spread. Over the last 4 years he is something like 300 in the hole. Betting against him would make you a sh!t pot full of money.Thanks to 4 months of constant, repeated doomsday predictions from you and all the other financial whizzes in my life, I've missed out on about 40% gains.
Thanks.
somebody's cut and paste works very wellStoney98 said:major fibonacci retractments
Now now, that's not very nice... Don't forget that if you'd listened to him in 2008 you would've made (or saved) a whole BUTTLOAD of money. The problem is that 99% of us (analysts and ordinary investors alike) are influenced by our general outlook and emotions. Some of us are perma-bulls, some of us are perma-bears, and by the time things have swung THAT far out of balance that those perma's actually switch it's often too late to catch the rally or plummet. That's the problem with trying to play the ups *and* downs is that you have to get right twice: First to buy/sell at the right time, and second to sell/buy in order to profit. You could've foreseen the collapse in the market back in 2007, but if you didn't also time it right to switch and either cover your shorts (or buy back into positions) that first epiphany wouldn't have done you as much good...Joker is like a local radio sports talk host that picks 3 games a day against the spread. Over the last 4 years he is something like 300 in the hole. Betting against him would make you a sh!t pot full of money.
....and the triple leveraged financial etf faz.Update to this:
SPX is off 8.5% since our little conversation above. Who else was in SDS (double leverage short SPX) and made 17% in a little over a week?
For a read of this chart:Update to this:
SPX is off 8.5% since our little conversation above. Who else was in SDS (double leverage short SPX) and made 17% in a little over a week?
There *are* lots of pretty colors, aren't there?Well it's definitely a very pretty graph.
No one can take that away from you.
It was gruesome, bits of chicken little muthafukka everywhere. Mop up aisle 3 thanks.Is it over yet?
Let's theorize. What DOES a post-apocalyptic Whole Foods look like?hahaha. Glad I'm not the only one. You're lucky to not be in a dense urban area... at least you can get out relatively quickly, and you know how/where to get your own grub.
When I run out of food, I'm screwed.
Can you imagine the cost of Arugula then? Utter chaos.Let's theorize. What DOES a post-apocalyptic Whole Foods look like?
Tina Turner in charge? Fight to the death to win a single, stale tamale from the deli counter? Only two varieties of soup at the prepared food bar???
?????I have my sky-is-falling trade in place. SPY 105-125 Dec 2010 Straddle. Bot the vols at ~17.5. If vols go up 10 pts within 6 months I'm up 200%; 1yr 150%; 2yrs 75%; 2.5yrs break even. If the SPY crosses 5pts either way of my straddle I'm ATM; anything beyond and I go ITM; No movement above/below and no vols changes in 2.5years total loss.
I bought $2200 lottery ticket. If SPY goes up or down dramatically in next 2.5yrs, my payout is exponential. If vols go up/down > 10pts in the next two years, my payout is exponential.
It's all Greek to me??????
You know a "sky is falling" trade is usually more akin to a leveraged short as opposed to something that will generate income whether the market goes up *or* down, right?I have my sky-is-falling trade in place. SPY 105-125 Dec 2010 Straddle. Bot the vols at ~17.5. If vols go up 10 pts within 6 months I'm up 200%; 1yr 150%; 2yrs 75%; 2.5yrs break even. If the SPY crosses 5pts either way of my straddle I'm ATM; anything beyond and I go ITM; No movement above/below and no vols changes in 2.5years total loss.
I bought $2200 lottery ticket. If SPY goes up or down dramatically in next 2.5yrs, my payout is exponential. If vols go up/down > 10pts in the next two years, my payout is exponential.
?????
I saw the acronym ATM and was initially confused as to what "ass to mouth" has to do with this, then I remembered how bad the economy is.It's all Greek to me?
Possibly why the Greeks are so financially f**ked at the moment.
So not only were GS/Magnestar/etc bending the economy/US taxpayer/us over a table, but then they went ATM? Yep, sounds about right...I saw the acronym ATM and was initially confused as to what "ass to mouth" has to do with this, then I remembered how bad the economy is.
I used to hate lawyers.I have my sky-is-falling trade in place. SPY 105-125 Dec 2010 Straddle. Bot the vols at ~17.5. If vols go up 10 pts within 6 months I'm up 200%; 1yr 150%; 2yrs 75%; 2.5yrs break even. If the SPY crosses 5pts either way of my straddle I'm ATM; anything beyond and I go ITM; No movement above/below and no vols changes in 2.5years total loss.
I bought $2200 lottery ticket. If SPY goes up or down dramatically in next 2.5yrs, my payout is exponential. If vols go up/down > 10pts in the next two years, my payout is exponential.