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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (49749)5/10/2004 2:13:59 PM
From: LLCF  Read Replies (1) | Respond to of 74559
 
<should have hung out on BBR>

Jay!! Don't be chasing away my market barometer!

Pinging CB: Selling 10% of each batch [June & Sept] S&P poots FYI. It would be nice to hear any updates on your market opinion. :))

Sadly, my long term prognosis as you know is that LLCF is a done deal at some point meaning a "clogged revolving door during the towering inferno" scenario. When this occurs egoic falsehoods will be spewed forth by most of the alleged 'market seers' and SI posters alike making many indicators muddied at best. Luckily, that point of maximum uncertainty will be a pretty good time to sell options.

The real story today is my chronic habit if being early on many investment ideas... thereby making the above sale actually a sell signal on the S&P.

Jay, how low do you think Gold would trade with a 10% loss on the S&P in one day?

DAK