re: Dont let today's fools gold fool you.

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baylor, baylor, he's our man,if he can't do it no one can

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He has been spot on calling the top to sell at S&P 1365. We are down about 16 1/2 % since. If we get to 20% down we will be in a new cyclical bear market, which would mean a lower market for a longer time frame, just as his friend has said. S&P 1000-1020 is a maybe. Let's listen to Baylor until we stop making money.

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Let's listen to Baylor until we stop making money.

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Signed,

LTCM investors

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Like was said previously, the only thing that could throw a wrench on all this is a monster Government stimulus package in the form of at least 2 trillion or more.

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Well then I won't argue with you, despite the fact that some of your assertions are wrong (although others are right), as this is your thread.

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Will Tripoli events cause market to temporarily rally?

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No. HOWEVER, if the market does go up tomorrow, you can most certainly expect the headlines to read, "Markets up on signs of freedom in Libya"

Update

We should expect a chop from 1100 to 1200 for the next several weeks.

The good news is the floor may not be quite as dramatic as the 600ish level as previously thought.

800 is still in play, and 1000 is still certain.

But there is a chance that a floor is forming higher then worst case scenario.

This wont be 100% confirmed till we hit below 1000.

But for now expect a trading range between 1100 and 1200 until the next downside according to my friend.

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We should expect a chop from 1100 to 1200 for the next several weeks

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boy that changed quickly from hitting 1000 within the next 5 days.

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Just bought UDOW for the ride up.

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Bought Friday at close ~95 =>Sold this afternoon at 104. Decent money on a 5d trade.

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we all can play look what I'm up.

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Congrats, but what a weird response.
Obviously we've all had successes, some fantasized; hell some (like your 37%) might even be real.

Perhaps you haven't followed the thread?
If not, you'd likely miss the purpose of the post.

It was intended as a "put your money where your mouth is" type thing. In the real world, with the market still unstable and bouncing off lows anticipated (vis a vis cited SSO and UDOW investments) as much higher than the S&P 800-level previously discussed, the effort was emphasis on taking advantage of the bounce rather than buying into cited technical analysis anticipating any upside investment would lose its arse.
K?

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+37%, we all can play look what I'm up.

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In the meantime please by all means, post 'em if you've got 'em. You've got expertise. I probably missed when you laid out your initial investment. I'm sure you did, I just missed it.

Some folks will claim a "good guess" after the fact though. As you know, after the fact claims are not really helpful, even in the unusual circumstance they're actually true. Generic observation, if there is something you're confident in, lay it out it when you are claiming to invest, not when you retrospectively claim to have profited.