BTFD is not as easy as EqtTrader makes it out to be... I only did it in size today because it is actually a gap down on the SPX.
maybe, but I don't risk that much, just took off my XIV position at $31.70. Waiting for intraday highs on SPXL to sell out.
DJIA 17,723.11 -272.61 (-1.51%)|NASDAQ 4,866.59 -75.84 (-1.53%)|S&P 500 2,050.09 -29.34 (-1.41%) SPXSPriceChange$20.16 +0.84 (4.35%) Now that stings, missed out on huge gains after I sold it at $20.61 last week...... Anyway there will be more opportunities, still holding TVIX TZA in my account which is keeping it green today!
6 years up market should be enough. 3 years of it was for no reason. Time to short and short big. Check out MCD. US sales are down 4% again for the last two years. Lots of restaurant competitions and that yellow "M" is not attractive anymore. the menu is not cheap either. It is expensive junk food. I bet it will drop 10% in a month. I also predict it will go bankrupt in 5 years. Semiconductor stocks are also in trouble. They are surviving on buyback plans that mostly never happens and they borrow money to do that and even many companies profit does not justify the dividend that they are paying. I am long TZA. Russel 2000 is ridiculously overbought. By the way I have been following MCD for the last 3 years.
MCD, i laughed the other day when I saw they missed sales yet the stock was up, knowing how bad sales have been I'm surprised this stock still trades north of 75, I mean come on already, MCD is in trouble, they just got rid of their CEO, The food is expensive and now they are trying to play catch up with other million burger places opening left and right which to me is a completely saturated market, I mean how many burger places does one need in the US. I have also noticed how mcdonalds is trying to offer all these healthier choices and trying to up the quality of their beef, come on already, you have been selling that garbage for how many decades and now that competition steps in you finally try upping your quality. Tired of these corporate games these companies play, just unfortunate that the consumer is still stupid now a days! As for TZA, I own that around $11.60, bought weeks ago waiting for the over bought rally to drop, never happened but still holding strong those shares, the problem with these markets is on a day like today you think were headed towards dow 11,983 but in reality these drops have been bought thousands of times in the last 6 years....every single time the market looks like its going into a correction it immediately reverses and breaks new highs thats why any short I put on Im quick to take gains when I see I have them, I honestly will not be surprised if by the close the markets are in the green, with the fed meeting taking place next week the markets are going to rally like they always do, yellen is going to be dovish as always and might even say hey no rate increase for the entire 2015 calendar year which I think is going to happen especially if the markets continue their sell off, the fed always bows to wall street and if markets continue to sell off they will push QE 4 without any hesitation. They can't let this market fall apart, they will keep the rally going for as long as they can with everything possible because in reality the crisis and collapse thats coming is going to make the last crisis look like nothing ever happened.
Finally someone telling us how it is, why can't yellen come out and talk about this, its all written in the numbers, its quite pathetic no one acknowledges the trillions in debt this nation is in, it completely gets ignored as the numbers keep getting out of control...no one wants to admit our country is broke yet there are a handful of people who are taking notice of this...how anyone can't notice this is beyond me, with some simple math you can easily see how bad this economy really is, but just keep putting it off until the system finally breaks and there is a collapse, thats of course when you will notice it..just keep the market in rally mode and everything is peaches and cream with a nice little cherry on top!! Economist Tells Congress: U.S. May Be in ‘Worse Fiscal Shape’ Than Greece March 9, 2015 - 4:40 PM By Barbara Hollingsworth Supporters of Syriza, Greece's new governing party, protest against more austerity measures in front of the Greek Parliament on Feb. 11, 2015 . (AP photo) (CNSNews.com) -- The U.S. has a $210 trillion “fiscal gap” and “may well be in worse fiscal shape than any developed country, including Greece,” Boston University economist Laurence Kotlikoff toldmembers of the Senate Budget Committee in written and oral testimony on Feb. 25. “The first point I want to get across is that our nation is broke,” Kotlikoff testified. “Our nation’s broke, and it’s not broke in 75 years or 50 years or 25 years or 10 years. It’s broke today. "Indeed, it may well be in worse fiscal shape than any developed country, including Greece," he said. (See Kotlikoff---Testimony-to-Senate-Budget-Committe.pdf) In January, Fitch downgraded Greece, whose debt-to-Gross Domestic Product (GDP) ratio is 175 percent, from Stable to Negative. “This declaration of national insolvency will, no doubt, shock those of you who use the officially reported federal debt as the measuring stick for what our country owes,” Kotlikoff told committee members who are considering President Obama’s proposed budget for Fiscal Year 2016. “After all, federal debt in the hands of the public is only 74 percent of GDP. Yes, this is double the debt-to-GDP ratio recorded a decade ago. But it’s still a far cry from Italy’s 135 debt-to-GDP ratio or Greece’s 175 percent ratio.” However, using the Congressional Budget Office’s July 2014 75-year Alternate Fiscal Scenario projection, Kotlikoff calculated that the U.S.' “fiscal gap” –which he defines as "the difference between our government's projected financial obligations and the present value of all projected future tax and other receipts" - is actually much higher than those of either Italy or Greece. “We have a $210 trillion fiscal gap at this point,” Kotlikoff told the senators, which amounts to 211 percent of the U.S.’ $18.2 trillion GDP, making it higher than Greece’s 175 percent debt-to-GDP ratio. The fiscal gap is “16 times larger than official U.S. debt, which indicates precisely how useless official debt is for understanding our nation’s true fiscal position,” said Kotlikoff, a former senior economist on President Ronald Reagan’s Council of Economic Advisers. “Stated differently, the overall federal government is 58 percent underfinanced,” Kotlikoff testified. “By way of comparison, the Social Security system, taken by itself, is 33 percent underfinanced.” Last year, Kotlikoff testified on Capitol Hill that the Social Security system was in “significantly worse financial shape than Detroit’s two pension funds taken together.” Kotlikoff said that not counting “off book” liabilities like Social Security give lawmakers and the public a false sense of the nation’s true fiscal condition. “What economics tells us is that we can’t choose what to put on the books. All government obligations and all government receipts, no matter what they are called, need to be properly valued in the present taking into account their likelihood of payment by and to the government,” Kotlikoff testified. “Successive Congresses, whether dominated by Republicans or Democrats, have spent the postwar accumulating massive net fiscal obligations, virtually all of which have been kept off the books,” he noted. Boston University economist Laurence Kotlikoff (Wikipedia) “Congress’ economically arbitrary decisions as to what to put on and what to keep off the books have not been innocent,” he continued, criticizing what he called “the Enron-type accounting that’s been going on for decades under both parties.” “A positive fiscal gap means the government is attempting to spend, over time, more than it can afford,” Kotlikoff explained, adding that every year of delay in addressing the problem makes it that much harder to close the fiscal gap. For example, starting now, eliminating the fiscal gap would require an immediate 58.5 percent increase in all federal taxes or a 37.7 percent permanent, across-the-board decrease in federal spending. But if the government waits 30 years, it would require a 77 percent tax increase or a 46.5 percent cut in spending by 2045 to eliminate the fiscal gap. “Spending six decades raising or extending transfer payments and cutting or limiting taxes helped members of Congress get reelected. But it has placed our children and grandchildren under a fiscal Sword of Damocles that gravely endangers their economic futures,” said Kotlikoff, co-author of The Coming Generational Storm: What You Need to Know About Our Nation’s Economic Future, which was published in 2005.