holding 10K shares of SDS @ 20.42, stop @20.18 shorting some FAS @ 28, stop @ 28 and holding various puts (XLF, GS, MCP ....) for the downfall. Monday should/will/might be a gap down day.
+1 Where do these guys come from??? "The market will crash Monday. I'm thinking maybe it will. Well it might." Lol!!!!!!!!!!!
Crash i dont know about that.. But be bearish early June http://www.elitetrader.com/vb/showthread.php?threadid=220991
I did mean "WILL be a gap down", in a sense of 90% probability, and this still could be "MIGHT". because nothing is absolute certain in this business. but the only thing matters is that I fully loaded anticipating the fall. And you? my friend. Take it easy and your word does nothing to me at all.
Oh, I'm sorry, I am not a mind reader. Next time, if you want to use contrasting language you might be better served by making it more clear, otherwise you come off looking foolish. I'm a pure daytrader, not in a position yet but will be several if not more times tomorrow. Better bang for my buck and no overnight risk. I hope the trade works out for you though, so far so good.
Where exactly is all the money going to go? Rich people simply do not tolerate their wealth being destroyed. It will bounce back, and fast. A crash has to be much more than a 50% slide, more like 90%. We just saw stocks slide 50% a couple years ago and they recovered in a year. That's not a crash. I'll tell you this, if metals fall 90% I am going to literally cash out everything I own and dump it all into bullion and bury it in the back yard. Prices are going up folks. No, they don't move in a straight line. But inflation is coming because it HAS to. We've printed too much money and have too much debt for there to be any other way out.