Time to short Stocks!

Discussion in 'Stock Market' started by Zander, Oct 12, 2010.

  1. Zander
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    Zander Platinum Member

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    I have been in cash for the last year with no regrets. Now I think the topping process is done and we are set for a major decline in stock prices.

    Today I bought shares of ProShares UltraShort S&P 500 ETF at $28.08.

    Best of luck!
     
  2. Revere
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    Revere BANNED

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    You think the Fed will stop giving free money to the banks to buy stocks and thus their bubble will burst soon?
     
  3. uscitizen
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    uscitizen Senior Member

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    Shorts stocks?

    Fruit of the Loom or Hanes?
     
  4. Zander
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    Zander Platinum Member

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    One word.....DEFLATION.
     
  5. Revere
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    Revere BANNED

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    I think after the election the government is going to stop bailing out everything and everyone, including the stock market.
     
  6. Toro
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    Toro Diamond Member

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    What makes you think we're topping?

    I don't think you're necessarily wrong. I'm sitting mainly in cash. But I don't see any topping going on. Maybe it will end tomorrow but right now I see a continued melt-up.
     
  7. Toro
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    Toro Diamond Member

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    Didn't you say that when gold was at $1000?
     
  8. Zander
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    Zander Platinum Member

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    Not quite -but I was bearish at around $1150 and I am still bearish. Bubble anyone?
     
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  9. Revere
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    Obama will stop propping up the stock market after the election, which he has done by handing banks free money to buy stocks.
     
  10. Toro
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    Toro Diamond Member

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    That's coming.

    But why do you think we're topping? I've been looking at my Bloomberg all afternoon, watching. I even put on a euro short, which would pay off if stocks did top. But it doesn't appear to be topping at all, at least not to me.
     

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