Anyone buying this little dip?

I sold several ES 1300 dec puts
I would love to have ES at these prices as a Cristmas gift

 

Remember PPT is at 2:00pm sharp

 

What did you get for them?

 

Great buying opp

No compelling reason for the selloff

 

What exactly is a compelling reason to you? To me there are several reasons.

 

im buying, people @ the gym were talking about the stock market and how the banks are going bankrupt. Maybe a short-term low for non-NASDAQ issues, will sell the bounce.

 

Such as?

The most probable cause for a bear market would be sudden fed tightning of rates, combined with much slower growth (stagflation) or excess valuations combined with substancial rising rates overseas and in US. But this is still very unlikely to happen.

 

I did, added a little QLD and XLF again today.

SOLD TWM and DXD.


Looking for a 2% bounce here.

 

GOOG -45
BIDU -43
AAPL -13
RIMM -13

Then buy more of your beloved stocks.

You still don't get it -- the economy -- the impact of housing, subprime, foreclosure, oil, consumer spending, etc.

Markets don't go up forever. That's why any decent trader plays the short side as well as the long side.