Help me rubberbird, I sold the 1200 calls like you said and now I am losing my A$$. Can you show me one time a triple top has held in the index ? Or should I just take my loss and chalk it up to following the BEST DAMM FADE ON ET?
Yup, one guy comes to mind who makes calls like that Me on the other hand, I've only had succesfull calls. I called EURO 1.40 in september when it was at 1.25. It reached 1.38 on 1 october. I have since called S&P1270 last week with S&P 1180-ish. S&P is now at 1225 Called S&P1400 before S&P 1000 when S&P trading around 1200 (poll thread) well 25 points up but well first go to 1300. Called for $2000 / oz gold Called for EURO 1.70 Believe it. :eek:
It amazes me how many people are still falling for Bernanke's bullcrap. Market fundamentals are awful - high unemployment, QE2 (and probably QE3, QE4, QE9713, etc), a deficit out of control and growing, and a monstrous debt owned by our chief economic competitors. Ben can pump and pump and pump, and hope for a miracle, but eventually the balloon will pop and people who bought into this whole "wow the recession is over, everything's great again!" mentality will lose their life savings. Market is due for a severe correction soon.