Decent Short-Term Trade

The selling is way overdone here.

Taking shares of Anadarko Petroleum (APC) right here just south of 59 for a trade.  Will put a stop in at 53 and look to close around 68 in a few weeks or so, if not sooner.

Hope everyone is doing well.

Cheers

No--not bailing at all, this is a short term trade here.  Dow will get blasted by EOY '10 due to a bunch of things (wars, terrorism, natural disasters, confessions, etc.....)

Only 2 decent things long term---physical barrels of crude oil and physical gold bullion.  Rest is sheer garbage.

You can trade any crap, man.  But long run the stock market is totally caput.  People in 401s are so screwed.  And social security---------HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Read, Rush.  Dow gets blasted by EOY '10-----what about that don't you understand?

Dow 4800 by EOY '10.

OK---and yeah, I believe this entire market run up the last 14-15 months is unsustainable.

Nothing but a bear market rally.

Doesn't take a PhD in economics to figure this out-----the world has way too much debt.

No way out of this, cause man is too stupid/greedy to wake up one day and make proper fundamental changes.

We're headed to socialism, Rush.

I hate it------I DO NOT like it.

Bailouts mean socialization of fcku-ups and privatization of profits.  No one, not you nor I, will stand for that.

Dow 4800 by EOY '10.  Call me an idiot-----but you know as well as I that the latest market run-up is mularkey and unsustainable.

Read Orwell's "1984."

Yeah, HonLi, there's too much debt in the world, and these sicko gov'ts can hand down "austerity measures", print money, and lower rates.  What else can they do?

The whole bailout crappola of the last 3 years, and will go on all this year, was so those in power can keep their little cushy jobs and fcku over everyone else.

Period, end of story.

And yeah, the stock market deserves to crash.  Its entire infrastructure is one big fat lie. 

My advice is to short the SP 500 on manipulated runups.  If you want to be long, then be long gold bullion or physical barrels of crude.  "Trading", as in buy and sell in a few minutes/hours/days/weeks, has nothing to do with the long run.

Cheers

Yeah, Honli, precious metals should go up as the world will have to inevitably confess that there is not enough economic production to handle the infinite amount of debt out there.

But, man, these ETFs are set up for one thing----to fcku over the little retail guy, so my take it to buy the physical metal itself.

There is not one single person who can give a valid model as to how these ETFs are priced.  In other words, a market maker's dream to a--fcku the little guy.  Then again, what else is new in this sicko world?

Cheers

Stopped out at 53 on Friday.

Will look to put this trade back on with maybe RIG or BP, cause once they stop the oil leak, there'll be a short covering explosion, and "waiting to see what happens" won't cut it.  Cause by the time you get the news, the money will have already been made.

Yeah, Tilto, all the Obama threatening rhetoric coming out is making everyone dump shares of offshore drillers like APC.

It's all smoke and mirrors right now, cause our freaking national security will one day hinge on our country's own ability to get its own oil, so offshore drilling will eventually come back, but when? That's the 87 trillion dollar queastion, and as long as sellers are dumping shares, no use arguing with the market.  The market can stay irrational far longer than anyone can stay solvent.

There is no question about it that a ton of value is being created out there in the drillers like APC, RIG, CHK, DO, etc...

Fckued up world, man.