Thursday, April 1, 2010

Mystery Chart of the Day II

The mystery chart from yesterday is the Dow Jones Industrials from May 1929 thru April 1930. I have reproduced it once again below unaltered.

As to what happened next....we all know what happened but you can click on the chart below for a visual and to see how tragically wrong the majority were.

Then, just as today, all were proclaiming the worst over. The worst was over, the economy recovering. Time to buy stocks. Then as now naysayers and those that disagreed where mocked, ridiculed and marginalized.

Good speculating to you all and please remember to never forget that "an investor is a speculator who made a mistake and will not admit it".

Open Positions:
Long 1 unit Direxion Large Cap 3X Bear ticker BGZ @ $19.34
Long 2 units Direxion Small Cap 3X Bear ticker TZA @ $12.06
Long 1 unit Direxion Emerging Mkts 3X Bear ticker EDZ @ $60.50
Long 2 units Direxion Financial 3X Bear ticker FAZ @ $19.65
Long 2 units Ultrashort Xinhua China ticker FXP @ $8.49
Long 1 unit Ultrashort Real Estate ticker SRS @ $9.82
Long 2 units Direxion Tech 3X Bear ticker TYP @ $10.52
Long 1 unit US Dollar Bull ticker UUP @ $22.52 stop @ $21.97
Short 1 unit Daimler ticker DAI @ $52.23 stop @ $52.23

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