Wednesday, January 12, 2011

No More Down Days

From Bespoke:

The Dow hasn't had a 1% down day since before Thanksgiving, and Monday's 0.32% pullback is the biggest decline the index has had since the start of December.  It is nearly unprecedented to go this long without having a one-day decline of at least one-third of one percent.
The Credit Bubble Stock comment section has been taking heat from a couple daytraders on the east coast who sound like they own AAPL $350 calls that are going to expire worthless next Friday. Figures that we would be a lightning rod since we are the only bearish blog left.

Here's a good one from the silver bubble post, "There is NO 'silver bubble', Mr. Peterson. There will be NOTHING RESEMBLING a 'silver bubble' until silver is well past $100 an ounce..."

What is it about silver? Why don't you guys buy natural gas which is actually cheap?

By the way, if silver was $2 and natural gas was $30, I would be doing this trade the other way.

2 comments:

Eric said...

The Credit Bubble Stock comment section has been taking heat from a couple daytraders on the east coast...

That does not describe me. Anyway, I think my comments have been pretty mild.

whydibuy said...

Did ya catch that flash crash this morning?

WHOA!! that was scary. Down about 30 points for a few minutes there.
I thought for a moment that, maybe, I should start digging my own bomb bunker, lol.