"Be greedy when others are fearful"

Discussion in 'Trading' started by 1a2b3cppp, Aug 8, 2011.

  1. How many of you have started buying?
     
  2. lindq

    lindq

    Fearful hasn't been reached yet.

    S&P 1000 will be fearful. Until now, just kid's stuff.
     
  3. rosy2

    rosy2

    yep, buying puts and vol
     
  4. Obviously these idiotic buy the dip one-liners work great in a bull market.

    However, how would that "buy when others are fearful" idea have worked out for a Japanese investor starting in 1990? Certainly there was plenty of fear and plenty of buying opportunities over the last 21 years.
     
  5. Agree
     
  6. i agree- maybe not limit down but i want to see -300 pts in < 5 mins
     
  7. gnode

    gnode

    Agree.

    I have been in cash since the end of April. I would like to at least get under 1100. I may start light buying then. Under 1000 I would buy heavily. At 850-900, all in and then some.

    Need to see what the bernank says tomorrow.
     
  8. gnode

    gnode

    http://finance.yahoo.com/banking-budgeting/article/113279/fear-gauge-near-flash-crash-level-wsj

    Let this work its way out of the system:

    "It's outright panic," said Andrew Wilkinson, senior market analyst at Interactive Brokers in Greenwich, Conn. of Interactive Brokers.


    "Right now, investors are stretching in all directions trying to protect themselves," Mr. Wilkinson said. "Liquidation of portfolios and a general risk-off appetite is causing panic in traditional measures of risk."
     
  9. I'm going to buy lightly in front of S&P 1000.

    I think fear is in the market, and I think today is going to scare a lot of people, creating more fear. S&P 1000 is where we're going. IF we break that, I'll sit back and say, "Wow, incredible."

    1000 is a huge number. Perhaps a 1000 break would give the capitulation buy.

    I figure we were already undergoing a multiple contraction, growth slowing selloff. Now news driven sell off is going to spike us down. Two trades at once, a great buy is coming. I don't think we are there yet.
     
    #10     Aug 8, 2011