Congratulations Shorts !!!

makloda · Jan 21, 2008

One of the most bearish bloggers I know is Tim Knight didn't do so well I think. How can a bear not do well while we gap down every day in this market? Look:

Jan 18:

I think the market's finally in a position to move higher (I am writing this at 11:15 PST, 1 hour and 45 minutes prior to the close). Lots of false starts so far. But I think maybe it'll pull it together between now and then close.

Now I'm going to pretend to drive around in the Mercedes 55CL AMG that I could have bought with all the money I've wasted on index calls so far......

UPDATE (15 minutes later). Forget it. This market sucks. I think people are going to sell right into the close. This is simply insane.
More...

Jan 21:

Perhaps that was all too neat, easy, and predictable. I don't know what Tuesday holds, because the opening bell is over 25 hours from now. But the screens I am seeing now from across the world are nothing less than sickening. Particularly since I've been waiting for "the big fall" for longer than I can remember, and I'd hate to think I would enter into it equipped with:

(a) a smattering of smallish equity puts (OK, 17 puts isn't a smattering, but these are small positions); and
(b) a good-sized NDX call position

Worse yet, I was really hoping for more of a 'stealth' bear market, not a wipeout. Things are going to be rough, people. This is getting scary.
More...

More: http://www.slopeofhope.com/

wutangfinancial · Jan 21, 2008

I'm long FXP (double short China ETF) and SKF (double short financials)

scriabinop23 · Jan 21, 2008

I have a friend who's a bear who just went bullish before this...

Thats murphy's law when permabears give back their bear gains at capitulation day going long right before.

classic.

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Congratulations Shorts !!!

makloda

wutangfinancial

scriabinop23