Short Term Timing

A fool and his money…

I have to admit, I was almost worried for a minute there…

If you know me at all, you know I’m a metal armored vicious bear.

Stun guns and market rallies have no effect on me.

But seeing the market move higher day in and day out made me wonder if my armor would fail; exposing the bear that I am to the ramming horns of a bull.

I just needed a sign from above – anything that would reassure me that this market is doomed. After seeing the market begin to descend again today, I felt good enough to shoot out a put recommendation.

And my readers should make some good money from it.

I mean, after all we’re in a freaking bear market! And in bear markets stocks fall, right?

The best part is that most people aren’t yet convinced that we’re in a bear market. These are the optimists – the bulls if you will – that are constantly looking for that one report to show the economy ‘turning around’.

It’s like they’re fighting a hurricane induced rip tide when they have no legs to swim with. They’ll never win.

As they say… ‘A fool and his money are soon parted’

I Need Coffee

It was a late morning. And no, it wasn’t because of ‘Super Bowl’ festivities.

I was just freaking tired.

Needless to say, I had to rush into the office. And that means no McDonalds coffee to wake my tired ass up.

I hope the market doesn’t hold that against me. But so far (three minutes into the open) the market is moving my way – DOWN.

Take a look at a chart of the Dow Jones. Notice anything fantastic?

It’s becoming overbought. And it’s about freaking time.

I’m sick of holding shorts and watching them lose money. It makes me want way more coffee then is humanly possible. And that couldn’t possibly be a good thing.

I’m not worried though. I’m still up pretty nicely for the year. And once this market starts taking a dump, I expect to be banking all the way down.

Holy Yahoo Batman!

So I start my car today and tune into the Bloomberg channel on Sirius radio.

What I heard almost made me crash my car into a row of tree’s…

Yahoo is being bought out by Microsoft!

Not only that, but MSFT is buying YHOO for way over their share price! In the after hours YHOO is up 50%. And the Dow futures are up 150 on the news.

What it must be like to be as dirt rich as MSFT. Even when crap is expensive, they can still buy it out.

Now, the big question: What does this buyout do to Google?

As I ponder the deep running implications of this, i’ll let you know…

This Market’s Jacked Up!

Yesterday the Dow Jones goes up over 100 points and ends the day down 40.

Today the market opens down over 100 points and is now up over 100.

It’s finally become clear to me: This market is jacked up!

And I blame it all on the Fed. Had they not dropped interest rates, maybe, just maybe the stock market would still be falling.

I say we need a Black Friday type of crash. Something that scares the crap out of the cocky longs and makes them sell everything in a fit of panic.