Jenna
Heck YOU can daytrade anyday<ggggggg>>>>..:>}
Last Oct 97, IMO was a major buying opportunity...THIS time i'm NOT so sure...WHY??? because things have changed....
I think the forward looking market players see major chinks in the armour of the bulls...there are so many factors in the equation it's mindboggling, but Jenna, i think market sentiment has changed...
It's very difficult to predict the direction of the markets after something like this....Actually Interest rates are stable to lower, inflation is tame for the moment, USA productivity is still good...so WE here in the good ole' USA have the SAFE Haven in the World...
The problem is we are NOT an Island...we do business with the rest of the world...and Jenna it ain't so good out there...
so without going over & over what I've been posting to IKE and others, i feel caution is required here, esp. thru earnings...warnings and blindsides will be out there...and the forward looking guidence from these companies might not be so good like they have been...so alot more selling could be coming...
i feel the next 6-12 months will be very very tough for Corp's to maintain past profits...not going to happen...lot's of lowered estimates...
Now as for puts, they are NO different than calls...we can buy all we want on any stock in any strike price and at each month they trade...they are liquid and of course being traded at breakneck speed....go to the CBOE site and type in your stock symbol and then "all options for this stock" and you'll see the entire option spread from today/this month, all the way to when ever...both puts & calls & LEAPS....
I wouldn't short the DOW now!!! would let things settle for awhile...let's see what earnings look like and how the corps guide us for the future...
Jenna I will think about the stocks I like and will submit a list to TRADE ONLY.....No one should look to bottom fish here till we see the true direction of the market...
Jenna this was a major BLOODBATH, nothing survived, nothing...I don't think we're done...my downside target would be 7400 a 20% correction...
let's keep the dialougue open for any and all info we can absorb...
everyone watch your BUTTs........ |
