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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (401549)7/25/2008 12:06:59 AM
From: tejek  Read Replies (1) of 1576346
 
I've been investigating, and although it may have a bullish psychological effect on the market in the short term, it won't effect what I've been doing long term. I've gone to all cash until I see what the effect will be.

I don't think it will have a bullish or bearish effect short term.....maybe more bullish long term. Hedge funds have gotten very good at driving stocks into the ground that don't deserve to be that low. I think that stuff will stop slowly over time.

I short through double-short ETF's, which don't actually short the market. The way they are able to get double-short returns is by buying futures contracts.

So, once this latest Bushie manipulation fades, I'll go back to doing what I was doing. Today was my most profitable day EVER in the market.

I have done very well this week until today. However, I expect that the markets to be choppy and volatile when bottoming.
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