Nothing personal, but you're just a permabull boss. My take. And you're living in Delusion Land. You're way too complacent. Seems like you've never seen a real crash before or even a near crash. There are some really serious problems that have been created and GW telling us to be patient until the rebate kicks in and solves it all is ludicrous. Watch how Asia trades on Monday.
If you are so sure why are you not selling DIA 100 Puts (and profiting from your infinite wisdom??)...with the VIX > 30 you'll fetch a nice premium and you can use the proceeds to buy some more GOOG, MA, POT, BIDU and all that other MOMO crap that you keep claiming you are long. tighten up that spread - I'll be happy to buy them from you
BTW, FWIW I just put in a request to withdraw $1,000 from my IB account. No big deal right? Well usually it says under status, "Pending". But today it says "Request Under Review". Ha. Maybe IB is worried about a run on their accounts too. Hmmm. Not sure how our money is backed up there. I guess it's insured by the SIPC.
I think the market will be down big time.....this will help justify the FEDs 0.75% rate cut on Tuesday.
Market is cooked.. this is the second shoe we have been waiting for.. ultra short sds, long gld slv ung...... its been working well
people just started saying gold bubble, if its like the housing, internet or oil bubble, then this has a long time to go