[gatorfast]

Originally Posted by mact3333

It wouldn't surprise me if final top in SPX close to the year of the top

See you guys later this year at 2014 spx ...

Don't understand what you are saying. Are you calling an s&p top of 2,014

[stylinexpat]

Originally Posted by gatorfast

Don't understand what you are saying. Are you calling an s&p top of 2,014

It would not surprise me if we see the SPX hit 1900 Bad news on Friday and as it dropped it was bought and milked right back up again. This market is about as rigged as it can get. When bad news comes out QE3 funds kick in and lift the market up to prevent it from falling.

Now that is out of the way, we are way over due for a correction and even a crash. We have not had a crash in the last 5 years or so nor a major correction in the last 5 years. I mean a nice correction.

[Razzy]

Fuck me and this correction. I had predicted a drop before the end of Q4 and we are still doing "decent". No drop per say.

My question is, I just sold and squared off on SLW (Silver Wheaton, a silver mining fund) and have got some change sitting around. Any recommendation as to a specific stock, preferably on the TSX? As of right now majority of my portfolio is in Gold, and RIET's.

[stylinexpat]

I opened up a short position today. Hopefully Yellen and Ben won't screw me over this week.

[NemesisX]

Originally Posted by stylinexpat

I opened up a short position today. Hopefully Yellen and Ben won't screw me over this week.

Last time they announced a reduction in QE from $85B/month to $75B/month investors actually took that as positive news lol. I guess it's not so paradoxical if you think about it. Investors still need QE to feel comfortable with the market but the slight reduction possibly indicated that the "economy" (whatever that means) may be improving.

God I wish economics was a hard science. Things would be so much easier

As it is now, it appears to be all correlation: "Hey check out somewhat arbitrary statistic X or look at arbitrary ratio Y they're less than arbitrary set point Z so that means you buy/sell for the long/short term!"

[SuperBmw]

I am going to consider myself a follower of mact3333 from now on. Everytime he makes a call I think to myself "he can't nail it again this time" and low and behold he nails it.

I'm going to start trusting you like a guru now and just follow your calls .

[stylinexpat]

Originally Posted by NemesisX

Last time they announced a reduction in QE from $85B/month to $75B/month investors actually took that as positive news lol. I guess it's not so paradoxical if you think about it. Investors still need QE to feel comfortable with the market but the slight reduction possibly indicated that the "economy" (whatever that means) may be improving.

God I wish economics was a hard science. Things would be so much easier

As it is now, it appears to be all correlation: "Hey check out somewhat arbitrary statistic X or look at arbitrary ratio Y they're less than arbitrary set point Z so that means you buy/sell for the long/short term!"

Felt great to wake up,turn on my iPad and see everything green this morning

[mact3333]

SuperBMW, please don't blindly follow anyone!......esp. me...gotta do your own DD and if what I say jives with what you think, then great.

Pat, nice timing on ST top call.

I must agree with you to some degree as I am only holding a very small long position on a 3rd rate 3D company and thats it.

I am seeing this as ST top and maybe IT top....still think there is more upside coming later.

Think true top comes when QE spigot gets close to being turned off and interest rates start to rise, which will cripple the economy.

[NemesisX]

Originally Posted by stylinexpat

Felt great to wake up,turn on my iPad and see everything green this morning

Niiiice. Yeah I checked the stock charts this morning and thought "oh snap, that guy in the stock market thread is going to be one happy camper "

By the way ever since I said "think TVIX" 2 days ago it's jumped 7.18% (all today, actually). Just saying

Again, don't go out and buy in bulk or anything but just keep an eye on it. If you really think the market is in for a crash, you could probably make a fortune.

[SumoJax]

Originally Posted by stylinexpat

Felt great to wake up,turn on my iPad and see everything green this morning

Yes it was nice. All Green = Sell into Strength!!!

Here's hopping /ES is finally going to drop with higher volatility on the horizon.

[r0wr]

Don't touch TVIX.

[stylinexpat]

GS calling for a 10% correction now

http://www.cnbc.com/id/101331228

[r0wr]

Originally Posted by NemesisX

Niiiice. Yeah I checked the stock charts this morning and thought "oh snap, that guy in the stock market thread is going to be one happy camper "

By the way ever since I said "think TVIX" 2 days ago it's jumped 7.18% (all today, actually). Just saying

Again, don't go out and buy in bulk or anything but just keep an eye on it. If you really think the market is in for a crash, you could probably make a fortune.

Originally Posted by r0wr

Don't touch TVIX.

TVIX down 8.34% in one day. That's why you don't touch TVIX. 90% of the people on this board don't have the discipline to trade it. One person on this board does though. Maybe he'll chime in.

[NemesisX]

Originally Posted by r0wr

TVIX down 8.34% in one day. That's why you don't touch TVIX. 90% of the people on this board don't have the discipline to trade it. One person on this board does though. Maybe he'll chime in.

Oh don't worry I haven't touched it (nor do I plan on doing so ). Like I said, I just don't know enough about the market.

From what I understand, it doesn't really matter if TVIX is at $2000 or $20. The potential for losing 50% (I just threw out a random number here) of your investment in a matter of days/weeks/months is pretty much roughly the same. It's not like investing at $20 is any "safer" than investing at $2000. TVIX is almost inextricably tied to what the S&P500 does, regardless of what it's trading at.

That's why looking at TVIX charts at first glance can be deceptive to the amateur. I'll admit a month ago I fell into that trap.

[PSUSMU]

Went long BAC @ $16. I have always banked with them and have my mortgage through them, despite the negative reviews, I'm very satisfied with them. I think we'll see $20 this year.

[Dr. G]

Originally Posted by Dr. G

I've held LVS since 09 haha, It's around the same level it was late 2010 and I feel like an idiot for sitting and holding onto it ever since. Oh well at least it started paying dividends this past year.

Hoping for it break to through $60?

I was hoping LVS would break $60 back in May and now it has broken $80, not bad

Just exited right before the new year for tax purposes and am looking to re-enter again soon.

[Dr. G]

Originally Posted by Dr. G

Nooo, I'm still in haha

MIDD is up approx 27% since my last post though

I didn't get a chance to read the thread, but did anyone have a good month with DDD?

MIDD is up another 71.35% since the last post, I've doubled my initial investment so I'm a happy camper here!

Hope we all have a good year

[stylinexpat]

1840 taken out today so it looks like we see 1900 soon. When ever everyone is bearish we see a big lift up lol.. Anyone see the SPY puts on Monday?

[stylinexpat]

Originally Posted by Dr. G

I was hoping LVS would break $60 back in May and now it has broken $80, not bad

Just exited right before the new year for tax purposes and am looking to re-enter again soon.

I remember it when it was at $40 and people were saying to sell. Have you seen MPEL? Talk about a nice ride up along with Pandora.

[stylinexpat]

Originally Posted by stylinexpat

I opened up a short position today. Hopefully Yellen and Ben won't screw me over this week.

Originally Posted by NemesisX

Last time they announced a reduction in QE from $85B/month to $75B/month investors actually took that as positive news lol. I guess it's not so paradoxical if you think about it. Investors still need QE to feel comfortable with the market but the slight reduction possibly indicated that the "economy" (whatever that means) may be improving.

God I wish economics was a hard science. Things would be so much easier

As it is now, it appears to be all correlation: "Hey check out somewhat arbitrary statistic X or look at arbitrary ratio Y they're less than arbitrary set point Z so that means you buy/sell for the long/short term!"

I got screwed with two days of gains. Closed my position with a loss.

[SLOWER]

Anybody watching LIVE? I don't own it, but it's on quite a run.

[mact3333]

Originally Posted by stylinexpat

1840 taken out today so it looks like we see 1900 soon. When ever everyone is bearish we see a big lift up lol.. Anyone see the SPY puts on Monday?

I never short anything during a bull mkt...odds favor you get your head ripped off...I taper off longs when I feel a ST or IT top coming...if I truly feel we are at IT top, then I sell everything.

Once we have entered a true bear then its ok to short.

I have lost more money taking short positions than any longs.

You will know when true bear starts as volatility will go up tremendously and the daily range will probably triple...a major trend line will break and then sharp dead cat bounce back to that trend line followed by a vicious selloff where SPX will be down like 40-50 points...watch for it later this year, it will be fun...