"Nice going on the shorts - sure wish I could short in my IRA.<G>"
You and me both! 80% of my investments are in my SEP-IRA, and it's frustrating not being able to put that money to work in a down market.
As to where the bottom lies, I haven't a clue. I simply intend to ride it down with my short positions until it looks like it is turning back up. At this point, I'm playing it day by day, stock by stock.
By the way, I agreed 100% with your prior posts on the Bible -- the fundamental difference in worldviews today is between those who hold to the sovereignty of God and the inerrancy of his Word (as originally given and then affirmed and maintained under God's inspiration) and those who don't. However, my eschatology is not as strong a pre-millennial position as you seem to have (having attended Westminster Theological Seminary, I tend toward more of an a-millennial position but I'm open to being wrong). Nonetheless, I'm on the leadership team at a strong pre-mill, pre-tribulation church (Christ Chapel Assembly of God in Woodbridge, Virginia) and have a lot of fun with friendly debates on the topic. Basically, I part company with those who believe God is going to rapture the church in order to then accomplish his ultimate goals via geo-political Israel. To me, God's ultimate redemptive plan is centered on the Church, not Israel. But then again, in areas of theology, like in the stock market, I'm sometimes wrong!
It's amazing how many fellow believers I've met via private messages who are active on SI.
-- Jim |
