Sure, just throw a coin and cut losses when it goes bad ... That is one way, . Apparently, there are some guys that live on it.
As Europeâs debt crisis raises the risk of a recession, companies in the region show no signs of slowing with earnings growth poised to top their U.S. rivals. Net income for companies in the Stoxx Europe 600 Index will rise by 10.5 percent in 2012 after increasing 11 percent this year, led by carmakers such as Porsche SE and retailers including Burberry Group Plc (BRBY), according to more than 12,000 analyst estimates compiled by Bloomberg. The gauge is headed for four straight years of income growth exceeding 10 percent, the longest streak since 1998, data show. Bulls say the 16 percent tumble in European stocks since December has created bargains because profit growth will exceed the 10.1 percent estimated for U.S. companies, even though the economy in the 17-nation euro zone is expanding at one-third the pace, according to economists surveyed by Bloomberg. Bears have no confidence in the earnings forecasts when sovereign borrowing costs are reaching records on concern Greece may default. âCompanies are in a lot healthier position going into a downturn than in 2008,â said Luke Stellini, who helps oversee $636 billion at Invesco Ltd. in Henley-on-Thames, England. âThe debate is how north the recession in Europe may spread, but Iâd argue that equity valuations take account of most scenarios already.â I am happy to hear this from a guy who is managing $636 billlion instead of $636 million...
Holding 6000 puts, sold 5400 puts. I wish I had more puts but closed 150 points higher. bought 6300 calls for long term bet If it goes like that then soon I'll be holding more than 100 bets at one time. fx option attempt is not doing well, sold 8700 calls gained 50% of premium
It´s always good to be short in a financial world where psychopaths of so called "chief economic strategists" at banks like Societe Generale are bashing and trashing their own governments and European bank peers. Too bad, I am not the CEO of these banks. Otherwise, I would imprison some of these guys for "high treason".
Took some profits (1/3) on fdax 5530: +50 Reached my intraday target on Fdax 5560: another 1/3 sold. keeping 1/3 fdax and half position on stoxx (sold 2137)
True bottom not yet seen. (Though I do not know whether the turning point was seen already at 5590, might even go up to something like 5650 before turning down.)