Discussion in 'Trading' started by riddler, Aug 22, 2011.
This is what happens in bear markets. To me, this was a down day.
It was a down day, would have been nice to see the markets open down over 2% and reverse to close up 1-2% by the close, that didnt happen so I expect even more downside into the middle of the week leading up to BUBBLE ben bernakes talk on how well the economy is doing HAHAHA!
Still long those levered ETFs?
It's funny because, like clockwork, just about every single day from early 2009 thru the past few months, S2000 continued his hysterical rants with links to every article highlighting the insanity of bailouts, quant easing etc. Sort of had the tone and emotion of a guy trapped short the entire ride higher.
Then, just as I would expected, the break finally occurs and he's long each and every day. Of course, just like everyone else on ET, nobody ever loses going long during a 20% break, and no one ever loses going short a 100+% rally in 2 years.
So IOW he's perpetually wrong?
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