About time to go short folks...

Sasquatches1, I see you got in on Wallstreet cappers, stock market competiton at the beginning of the year and had DXO. Too bad that got delisted. It was a money maker with oil hitting $80.00 a few weeks ago.

I totally agree with your thoughts on the market and economy. I Sold my commodity stocks about two weeks ago and have since went net short. Still holding my gold and silver stocks though. Have been buying FAZ and TZA just to name a couple. I don't gamble much but I love trading stocks. Do you trade?

gamble04, i am suggesting to phase in to short positions now, at least that's how i typically do it.  you can't time the market, so who knows if it will even hit 1200, especially if everyone is thinking it will.  kind of like folks who said don't buy back in March. 

tigers56, love the calls earlier this year.  hated that they took DXO out, although I made some good money on it.  Love the gold and silver plays.  I haven't been able to trade too much this year, mostly due to being overwhelmed with work, but I do love to trade as long as I can monitor, unfortunately I haven't had the time this year.  Mostly holding and phasing out of long positions into cash with the unbelievable run, and now accumulating short holdings.     

WSC, not sure why it was taken down but it happened a few months ago.

Sas, I agree with you on phasing into shorts. It's just to hard to pick a top.

Gettin closer folks...1200 is nigh.  1200-1250 range the ultimate destination. 

Remember this at all times-

THE MARKET CAN STAY IRRATIONAL A LOT LONGER THAN YOU CAN STAY SOLVENT

Yeah, there's a ton of debt out there....so much that you could argue for something like Dow 4800 right now.

What else can the central banks do besides print money willy nilly and keep rates low?

Hate to say this, but it's true----really the only way out of the world's debt mess is a gigantic population purge.  I ain't talking a few million----I'm talking a couple of billion.  That's really how horrific the future is while we stay on our current unsustainable pace.  Man is too stupid and greedy to just wake up tomorrow, or right now, and change his ways.  So it will take Mother Nature (who is always in ultimate control) to rectify the situation and give the world a rigorous and vicious "correction."

People who are like 40ish and maybe a little below----you can kiss your 401s and retirement plans good-bye.  Let alone social security-----that inevitable confession will make Bernie Madoff look like a 4 year old punk kid who stole a packet of chewing gum from Drug Fair.

401s and peeps' retirement plans....make me laugh.  How are you going to reconcile this debt? Right, you can't. 

What do I suggest you do with your 401?  Plan like you'll never, ever, ever see that money again.  Would I be adding to it now?  Hell no.  Take that money you're putting in to that fraudulent vehicle and use it to buy land where you can grow your own food.

Higher taxation?  Where are you going to then get the money to pay your personal bills?  If you're right, then this country is headed to a massive civil war.

Let's face it, the economic future in this country is as dismal as you can get.

Now you're getting me started.  Look how farking stupid our energy policy is!!!! 

The only thing positive about the future is that many are negative about it.......

We couldn't be more screwed. 

Nouriel Roubini on Cnn's 'Your $$$$" May 23rd.....

"ROUBINI: In my view, it could be more than a correction; we might be headed towards a bear market for a number of reasons. First of all, there's a risk meaningfully of a double dip recession in the Euro zone, growth in the Euro zone was going to be less than 1 percent, before the shock of Greece, now Greece and Portugal and consumer confidence and investor confidence, the economies in the Euro zone are going to slow down. The fear is that China is also weakening and the United States is currently more than it could be in the second half of the year. There could be a perfect storm in the second half of the year where some are going to double dip, and there is a slowdown of growth also in China and emerging markets and the markets are becoming nervous about this."

ref: https://transcripts.cnn.com/TRANSCRIPTS/1005/22/cnnitm.01.html

Agree with Roubini about the fact that the economy is screwed basically forever, but the reality is that the US has been in a bear market since March 2000. 

All the manipulated crap in between was nothing but a bear market rally.

All the manipulated crap in between was nothing but a bear market rally.

you can make a good argument for that esp counting the "Dot Bombs" and related tech stocks, claycourt. MOST never recovered abywhere close to their exagerated prices in 1999 and more than half are OUT of BUSINESS.