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 : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Perspective who wrote (214644)8/9/2009 1:31:27 PM
From: Dan3Read Replies (1) of 306849
 
Re: My strategy was to try to hedge and ride out the storm off the March lows, but I've given up hedging.

This huge rally doesn't make much sense (and I've have puts melt away, so I know how you feel).

The market is now so 4th derivative that's it's become random - "Since everyone knew the news would be bad they must have sold off already, but everyone bought in anticipation of that so it's a good time to sell, but since that's what they're all doing I'll buy" seems to be the logic of bonus seeking hedge fund managers risking other people's money.

A trillion dollars in TARP money went to the banks and it does look like a chunk of that is being used to speculate in the market (we know that almost none of it went to its intended purpose).

I don't know what else is going on. The Bush years destroyed almost all value seeking behavior in the markets and since Obama it's gotten even worse (if that's possible).

When interest rates are negative markets do strange things...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News