Bears have to deliver the undeliverable!gggg
This is bears day- and I concede and congratulate all the bears for calling a great dip working and talking about it since Oct 28th, it was 5200 level than now they are more modest happy on 7500. Bears will only get theri wishes on threats of anarchy and collpase, you can see that whenever threat emerges to over collective security and future it is the 'bears' who profit on paper atleast or in chat rooms. A short is rarely invested on the short side, it is the long who takes the pleasure of profits and worries of dropping bottom line.
Russia matters because they are nuclear power, the markets are worried about a commie take over or coup but nothing short of ''killing of hope'' brings joy to bears, can you imagine the reliance of this bull that short of anarchy in a state where thousands of nuclear weapons are available could break it thru 1055 level- my new resistance is 1060 but 1055 break came on the back of biggest problems imaginable.
It is for this reason with all what comes on my way I remain a bull with a positive bearing, I wish I could see negative out of things or be a virtual pessimist that is not my nature nor is my approach.
The battered markets like coiled spring ready to go, the bears sitting on them but will be soon blown off. Unfortunately you are right I do buy and I still will put every penny to work- I was last night rasing cash from the markets thru this put and call strategy-- did find some- bears are always kind, I wanted to buy Hoecht in Germany, Rolls Royce Air Engine makers in UK( highlighted in WSJ), now looking to pick some Elf,Alcatel, SNE, Koycera. Some SOX 230 calls yesterday towards the close all of these from liquidity sent by Hand of God- the bears.. I think it is inappropriate to use this God send gifts for anything else but the markets where this belongs to..opportunist that we are we are also happy to put our money where our mouth is.. |
