SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Zeev's Turnips - No Politics

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: ajtj99 who wrote (85569)6/25/2002 8:02:33 PM
From: t2  Read Replies (1) of 99280
 
If you want to short, many Dow stocks are ripe for picking, IMO. They have a clear path to Dow 8800 and possibly 7900 over the next week or so. Personally, I would rather short DJX than try to pick which Dow stocks will fall more than the index.

Aj, You seem to be very bearish on the DOW.
Looking for a crash?

Tomorrow is a day that the big Dow financials like C, JPM can get hit. It is not a good thing for the markets when banks head down.
Banks can bring down the Dow and SnP pretty quick....but I am a bit skeptical on your lower Dow target given that the dollar is getting even weaker. I would prefer the banks instead on the downside on a percentage basis as this group cannot benefit at all from a weak dollar.
If I do buy puts on a bounce, I would probably go with the banks instead but the direction would be the same.

edit: The sane thing (for me) may be to just relax in mostly cash. Might stick with that plan instead.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext