We've reached a very pivotal point in the stockmarket... I have gone SHORT SHORT SHORT, for what could be a massive money making opportunity. The charts are screaming POSSIBLE CRASH for stocks right now! Shanghai down another 4% part way through their trading day. Silver should continue to drop for the time being...
I usually go long when I should be short, and short when I should be long. For that reason I'm out for good.
DOW closing down approx 400 points overnight -certainly a nice way to start off the short... would be interesting to know if the hand of god (PPT) is playing a part in holding things up. Next week is shortened holiday week in US.
Atlanta downgraded 4th quarter US GDP from 0.8% to 0.6% after the close. Chinese GDP figures due out on Tuesday I think will weigh on the markets early next week. Can see more selling unless there's a curveball thrown by someone. I reckon there is every chance of this continuing up until Chinese new year in early February which will coincide with the end of 4th quarter US corporate earnings season.
Somebody always wins or looses and going short short short is a gamble you must be able to afford if your wrong about the charts screaming possible crash! Experience pm buyers cant even predict pm prices with charts screaming out to them one way or the other?
Not a gamble for those that know what they are doing. Managed risk P.S. Those holding precious metals throughout a multi-year bear market is more of a gamble in my opinion.
You have probably missed the boat. Everyone is probably short, short, short....which of course means.....up, up, up......sorry to say.
You have probably missed the boat. Everyone is probably short, short, short....which of course means.....up, up, up......sorry to say.
Love this banter - had a similar response on this forum when I called for a bear market in precious metals 4 years ago.
Well which stock market are you talking about ? The US market or the Australian market, or China or Japan ?
There are many more than those 4 trew, but they are all connected.. Personally I've shorted the S&P500 through a leveraged ETF.
Nobody did garmag I see Baron has recently written an article stating that you "shouldn't wait for a crash"... That is another indicator that we must be getting very close
My thoughts on the US markets: We make an attempt/ or sweep the august and september lows, mean while every idiot and their dog looking at the charts is seeing a breakdown in some magical trend-line and thinks we are in a bear market, they puke and sell the bottom. Dumb money who tries to short this or has recently got short gets turtled and we climb back up and make all time highs
I agree. If we do go low, it won't be for long. Eventually all time highs for the u.s. market at least.
If we can get a decent or sharp contraction on ISM data to really add fuel on the fire that would be great. Either way if we can keep getting more hedgefund liquidations and fund managers crying for the whambulance it should be an entertaining year