1067 on the S&P. Totally arbitrary guess. If I'm right, I'll claim I had a scientific method all along, and then proceed to buy $50 worth of lottery tickets.
i cover every short and go maximum long as of.....well now, yeah i'm going to leave a little meat but yeah, now is the exact time to be owning.
.....and I once heard someone say oil would not hit $135 again for a very long time. Takes big balls to call the bottom at this stage of the game.
I donot know what to say. I got owned by the market. My paper trading endevours went down the toilet. I chose to align myself and I donot understand why I didn't win. I am an arrogant prick yes, but I am also a very sore looser. I spent my weekend in the fetal position, no more $10 lattes from Starbucks, no more dinners at Applebees. I sold my Nike shoes to buy some cans of pork and beans. Times are rough. I will survive though and I will never give up my bullish stance. The market owes me BIG TIME now and it will give me what I want. But I will wait, like a tiger stalking its prey. But for now, I am popping open a bottle of Jim Beam, picking a nice spot on my linoleum floor to lie on and will consume this tasty beverage until I puke.
The bottom is not likely to be in. Very VERY few bear markets have ended so shallow with a straight reversal and so early after this much damage. There is much too much weighing on the markets these days for this to be a baby bear that will just go away. We need at least one bear market rally, and then we fall again and either take out the lows and hit a 34% or more target down, or at best, bounce off the lows again.