Friday, February 4, 2011

Bucket of Cold Water..... Dead Ahead

9 % unemployment huh? What can one say that the chart below does not.

People didn't want to hear about Bernie Madoff's ponzi scheme so you can be assured they sure as heck don't want to hear about the one the Fed and Congress is running. Pathetic. Sorry to have to say it but a cold bucket of water awaits us dead ahead. Maybe I'll be called before a congressional panel for uttering something economically untoward.

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 @ $60.30
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 @ $42.45
Long 1 unit Ultrashort Real Estate ticker SRS @ $49.10
Long 2 units Direxion Tech 3X Bear ticker TYP @ $52.60
Long 1 unit U.S. Dollar Bull ticker UUP @ $22.56 stop @ $21.44
Long 1 unit Powershares Gold Dbl Short ticker DZZ @ $8.38 stop @ $7.84 
Short 1 unit Freeport McMoran ticker FCX @ $56.40 stop @ $57.76


Anonymous said...

wow I'm making tons of money being long the market...BUY BUY...Thsnk you for nflx doesn<t stop going up...nice

Harleydog said...

Congratulations on NFLX !