I'm a bear on the market too, but 50% down from here is borderline disaster scenario (assuming you mean 50% on the S&P, not some b.s. index like the NASDAQ or RUSSELL). I could see maybe another 25%, but that would be all. At that point, the government and the big banks/firms would step in and support the market otherwise their gravy train scams (401k's, mutual funds, buy and hold bullshit, etc.) would be finished.
I'm buying oil stocks with long-life reserves that are trading at 3-5X trailing earnings. 'nuff said. That stuff *has* to revalue at some point in time or another.
http://www.elitetrader.com/vb/showthread.php?threadid=132489 View the recently posted Misery Index, consumer lead recession on the way....
True , I will try to post some reasons behind my call later. I am also not advocating taking a short position at todayâs levels. Any bearish call is a non-tradable in current (fixed) environment. Similar to â Perfume.Com will go to BK one dayâ in late 90th. The prediction was right, but early shorts lost fortunes. Kind of operation was a great success but patient died concept
useless ? how ? just buy the rydex tempest fund and close your eyes and sit tight. i'll wake you up in 2 yrs. the master of rydex - rytpx, bgp
The reason it was useless WASN'T because the author didn't give instructions on how to trade the call.