Tsunami to the downside 02/14/2010

Back to 200% short. A tsunami of selling lies ahead as we are on the precipice of a collapse in stock prices.

2010 will be the year of runaway deflation due to massive government and sovereign debt. Bailing out Greece will only produce a precedent of "here is where the line starts" for more bailouts, be it Dubai, Spain or Portugal, etc.

The public sentiment towards Goldman Sachs, and other large banking/brokerage institutions will reach a negative extreme and turn buyers away from stocks as the perception of the game will seem rigged. 401k holders who rode the wave down, then back up trying to get back to even, only to see their loses mount again will walk away thoroughly disgusted at Wall Street.

Only the understanding of the game, that money can be made going up or down, will be the key to survival in this market.

2/5/2010 Roller Coaster

Wheeeeee! Alright! Covered shorts right after 1:00 p.m., unfortunately just before a VIX spike and 10 point drop to 1044.50 which would have increaed profits greatly, but oh well, you can never pick the exact tops or bottom unless you just get lucky. (rather be lucky than good).

Short term - Market has created positive divergences on many time levels. Perhaps a shot down and then rally up into overbought conditions before we resume the downside.

Wait and let the market tell you what it is going to do.

LET'S RIDE THIS ROLLER COASTER!

2/04/2010 LOOK OUT BELOW!

While even bear markets don't go straight down, this one has a long way to go. The market is quite oversold at the moment, but as we know the market can stay irrational a lot longer than we can stay solvent.

Greece, today. Spain tomorrow, perhaps Great Britain will become insolvent as well. All I can say is that global debt is a killer!

Like the iceberg, that is a lot below that we can't even see.

Holding short but expecting some buying to relieve the O/S condition.

01/31/2010 SO FAR SO GOOD!

THE STOCK MARKET TOPPED ON QUE. (OF COURSE IT SURE TOOK A WHILE TO GET THERE)
WE SHOULD SEE A BOUNCE THIS WEEK. SHOULD BEING THE OPERATIVE WORD. MY CONCERN IS IT ACCELERATES TO THE DOWNSIDE AND WE CAN'T ADD TO OUR SHORTS.

MORE THAN LIKELY WE WILL SEE ONE LAST PUSH BY THE BULLS TO RUN THIS RAT HIGHER. IT THAT HAPPENS, IT WILL BE THE BEST GIFT WE COULD ASK FOR.

THE MARKET HAS HIT THE HIGHS FOR THE YEAR. MY QUESTION IS WILL IT JUST RETEST LAST YEARS LOWS OR GO LOWER.

COVER ALL SHORT POSITIONS AND WAIT TO RE-SHORT. DO NOT PLAY THE LONG SIDE.

LATER

01/17/2010 Rome is Burning

The Stock Market has registered its high for 2010. Friday's sell off is the first crack in the dam. Opportunity abounds!

This years profits will be from shorting rallys, just the opposite of 2009, buying the dips.

Welcome to wave 3 down!

Happy New Year!

(taken from Xtrends) Thank you for the composition.

Just as our government leaders didn't see what was coming then, they certainly do not see what is coming now.

Fasten your seat belts and welcome to 2010.

11/01/2009 "Ticket to Ride"

Now that was some ride! We gave you the ticket. We hope you rode it down and cashed in. We did!

The market has rolled over as expected. The Obama bounce of 2009 is over.

While we all appreciate the attempt of the government to save us from ourselves, once again their programs won't work.

GDP at 3.5% is all smoke and mirrors due to government induced capital. This will be the highest GDP report for sometime.

Each extra cash for clunkers sale cost $24,000 to the taxpayer. http://www.edmunds.com/help/about/press/159446/article.html.

The first time buyers home allowance has now buried new homeowners into their own money pit. Taxpayers are on the hook and the new home has depreciated like a new Chrysler mini-van being driven off the lot.

The only salvation of the economy is business, not government. We could just have a bunch of services like the post office and Amtrak but eventually someone has to pay for it.

While the market should rally this week to once again fool the masses into buying more garbage stocks, it is only setting up the next massive sell-off.

The S & P could make a lower low Monday but either way will most likely rally back to the 1060 - 1075 level at which will provide one of the best long term shorting opportunities of a lifetime.

Stay tuned.