Dow Drops 350!!!

[dusouth]

:banghead:What's next? With the market being unBEARable. What should i look into? Is ultra short ETF's a good place to hold a position? Or is energy plays? I'm a little unsure of myself in the current condition, is the dow looking at 2003 levels now or should we bounce off this look up before falling? any pointers......................:frown:

[TheChartGuru]

:banghead:What's next? With the market being unBEARable. What should i look into? Is ultra short ETF's a good place to hold a position? Or is energy plays? I'm a little unsure of myself in the current condition, is the dow looking at 2003 levels now or should we bounce off this look up before falling? any pointers......................:frown:


The DOW broke below its trendline. It's heading to 9,000 , NAZ down to 2,000 and the S&P to 1,000. I like round numbers. :)

I recommend shorting stocks or buying short ETF's on the next market bounce tomorrow or Monday.

The Guru

[MrSer]

The DOW broke below its trendline. It's heading to 9,000 , NAZ down to 2,000 and the S&P to 1,000. I like round numbers. :)

I recommend shorting stocks or buying short ETF's on the next market bounce tomorrow or Monday.

The Guru

This is what I believe aswel and i think its a shame. The second great depression?

[BuyOnDips]

Yeah, it's scary out there. Check out the Nasdaq 100 and Dow 30.

Every Dow stock down.
http://finance.yahoo.com/q/cq?d=v1&s=aa+aig+axp+ba+bac+c+cat+cvx+dd+dis+ge+gm+hd+hpq+ ibm+intc+jnj+jpm+ko+mcd+mmm+mrk+msft+pfe+pg+t+utx+ vz+wmt+xom

Only 5 of 100 Nasdaq 100 stocks are green.
http://finance.yahoo.com/q/cq?d=v1&s=aapl%2badbe%2badsk%2bakam%2baltr%2bamat%2bamgn%2 bamln%2bamzn%2bapol%2batvi%2bbbby%2bbidu%2bbiib%2b brcm%2bca%2bcdns%2bcelg%2bceph%2bchkp%2bchrw%2bcmc sa%2bcost%2bcsco%2bctas%2bctsh%2bctxs%2bdell%2bdis ca%2bdish%2bdtv%2bebay%2berts%2besrx%2bexpd%2bexpe %2bfast%2bfisv%2bflex%2bfmcn%2bfwlt%2bgenz%2bgild% 2bgoog%2bgrmn%2bhans%2bholx%2bhsic%2biaci%2binfa%2 bintc%2bintu+isrg+java+jnpr+joyg+klac+lamr+lbtya+l eap+linta+lltc+logi+lrcx+lvlt+mchp+micc+mnst+mrvl+ msft+nihd+ntap+nvda+orcl+payx+pcar+pdco+petm+qcom+ rimm+ryaay+sbux+shld+sial+siri+sndk+spls+srcl+stld +symc+teva+uaua+vmed+vrsn+vrtx+wfmi+wynn+xlnx+xray +yhoo

I'm not sure what sector to invest in now either. The USA economy seems to be dipping towards the worse, not better. Oil is a bubble. Coal, steel, railroads, natural gas, drillers and agriculture stocks have had incredible runs. The question is can they go a lot higher in the near future? I'm not so sure. I'm bearish on most things right now.

[BuyOnDips]

The DOW broke below its trendline. It's heading to 9,000 , NAZ down to 2,000 and the S&P to 1,000. I like round numbers. :)

I recommend shorting stocks or buying short ETF's on the next market bounce tomorrow or Monday.

The Guru

Well they say 90% of stocks go down in a bear market. It might be a good time to protect some gains. Sell in June and go away. The SKF still might not be a bad play on any pull backs. I liked it in the low $90s and still do. I still don't trust the financials. I like buying dips, but I don't like what I'm currently seeing in the market. For now, I'm not buying any dips.

http://finance.yahoo.com/q/ta?s=SKF&t=3m

[TheChartGuru]

It is a worldwide recession, not just a U.S problem. Actually, compared to other countries, The U.S is not doing too badly. Today the U.S sneezed and the rest of the world will be catching a cold overnight.

The Guru

[dusouth]

Oil is up;does anyone think investors are likely to keep feeding there money into oil?

[Albert0373]

That's why I've been loading up in ultrashort ETFs if you haven't seen ;)

[TheChartGuru]

Oil is up;does anyone think investors are likely to keep feeding there money into oil?

Yes!

Energy is the way to go, especially oil. Expect $200+ oil and McCain nor Obama can do anything about it.

[AJLightning]

THE SKY IS FALLING...HOLY F U C KING $HIT...THE SKY IS FALLING

Shorty McShort Short EVERYTHING

[Jelly]

To put an exclamation point on this, look at my portfolio.

Today I was long oil and short financials/banks, real estate and consumers. Both the daily and total profit columns were all green over my dozen positions. Don't flick boogers at me. I took it up the wazoo before dialing things in.

[BuyOnDips]

Found this link with a listing of short ETFs.

http://tradermike.net/2007/03/list_of_inverse_short_bear_etfs_/

[madcowdisease]

Found this link with a listing of short ETFs.

http://tradermike.net/2007/03/list_of_inverse_short_bear_etfs_/

Great find. That deserves some karma. I had a limit buy in for FXP which didn't go through due to it jumping out of the gate today. I hope it comes in a little so I can get on board.

[Albert0373]

Posted this in a dif. part of the forum:

If you'd like to trade stocks that do well when the markets are declining, look towards Ultrashort ETFs, they're funds that are short on stocks and you profit from them twice of how much the market falls %wise.


Here's a list of funds: http://www.proshares.com/funds?products=&fundType=

Scroll down a bit to the Ultrashort section.

Includes the long ETFs too so you can keep track of how they're doing.

[cramerica1972]

Posted this in a dif. part of the forum:



Includes the long ETFs too so you can keep track of how they're doing.also,please do research before buying b/c you MAY get hit with a BIG tax bill due to phantom income.

[Albert0373]

also,please do research before buying b/c you MAY get hit with a BIG tax bill due to phantom income.

How would that happen? I'm not quite familiar with that...

[cramerica1972]

How would that happen? I'm not quite familiar with that...here ya go albert: http://www.onlinetradersforum.com/sh...ad.php?t=31006

[Albert0373]

Oh thank you for that link, I never knew about that...eep.

To help others, here's links to a list of commodity ETFs:

http://seekingalpha.com/article/64220-commodity-etf-overview
http://etf.stock-encyclopedia.com/category/commodity-etfs.html

[madcowdisease]

Is there a short retail ETF? I researched SZK and it looks like it would be the inverse of anything from Coach to Coca-Cola. Granted most stocks will go down in a bear market but consumer staples like KO, BUD, and CL should stand to decline less than others securities in the markets.

Ergo, perhaps SZK is not a wise position ot take. However, with fear throughout the populace with regards to rising prices of neccessities like food and gasoline I would like to play it via going short retail however I'd like the safety of a basket like an ETF.

Any thoughts?

Or do you think there is a better sector to be short? In other words, which sector should do the worst in this bear market or which would you not go long with a ten foot pole? Can financials go lower?

[john_for_u80]

here ya go albert: http://www.onlinetradersforum.com/sh...ad.php?t=31006


Link is not working.

[Jelly]

Is there a short retail ETF? I researched SZK and it looks like it would be the inverse of anything from Coach to Coca-Cola. Granted most stocks will go down in a bear market but consumer staples like KO, BUD, and CL should stand to decline less than others securities in the markets.

Ergo, perhaps SZK is not a wise position ot take. However, with fear throughout the populace with regards to rising prices of neccessities like food and gasoline I would like to play it via going short retail however I'd like the safety of a basket like an ETF.

Any thoughts?

Or do you think there is a better sector to be short? In other words, which sector should do the worst in this bear market or which would you not go long with a ten foot pole? Can financials go lower?

SCC is short consumer discretionary. SZK was too lightly traded for my taste.

[dusouth]

here ya go albert: http://www.onlinetradersforum.com/sh...ad.php?t=31006

link is not working for me:confused2:

[Albert0373]

link is not working for me:confused2:

Fixed: http://www.onlinetradersforum.com/showthread.php?t=31006

[Jason28]

I remember the days when I would wake up and be happy with no worries.