KIS:
<Heres a hint: tomorrow will be the largest percentage gain in the history of the Nasdaq. Without a question. I'm betting my entire net worth on it>
I am presuming that you have posted this to assist or save those of us who retain a bearish perspective. If that is the case, then suggesting that you are betting your net worth on a single situation is actually counter-productive to the attainment of that goal. Few investors are inclined to listen to folks who take such massive risks.
If, on the other hand, you are posting this to bolster your own confidence (which may well be useful if you have indeed made such a one-sided bet), then I hope it works out for you, although the odds of this occurring are not good.
When trying to persuade others of one's convictions, marshalling evidence is also useful, particularly when powerful assertions are made. "The mania is back", may be true, but two to three days doesn't make it so. "Greenspan is printing at a faster rate than any in history", may well BECOME an accurate statement, but it is early days yet, for asserting this as a given (never mind the probability that such activity on the part of the Fed might actually accelerate the worries of market participants). And I'm not so sure that the views of CNBC really have much impact on institutional investors or brokerage houses both of whom appear to be in "distribution mode".
"Free money",..... Hmmmm. Do you think this statement does anything other than make you sound a bit "over-enthusiastic"?
"Selling a truck load of naked puts tomorrow at the open(ing)" is also not the stuff to inspire confidence in your perspective.
In a nutshell, whether your forecast for today's market action proves accurate or not, if I had observed a single (g) anywhere in your commentary, I would be joining you in a loud LOL, because it sure reads as an entertaining spoof of every manic bull I have ever met. Given the absence of same, I can only surmise that you actually believe what you have committed to print. If that is the case, I worry that both you and your grandmother are on the road to poverty.
Nothing wrong with enthusiasm, but too much of it at the wrong time can lead to quick, brutal losses.
Best, Earlie |
