11-16-2009, 05:08 PM
U.S. stocks close at 2009 highs; S&P 500 tops 1,100 for first time since October 2008
So I was right about my buying the DXD (short DOW) options - it meant the market would immediately shoot higher.
Question is, where next? A lot of talk about funds rushing to get "winners" on their books by year end, and that there will be a big sell off as soon as the new year starts. Meridith Whitney also said on CNBC earlier that she had "never been so bearish", and we were heading for a double-dip recession. Are you staying long into the near year, or taking profits?
So I was right about my buying the DXD (short DOW) options - it meant the market would immediately shoot higher.
Question is, where next? A lot of talk about funds rushing to get "winners" on their books by year end, and that there will be a big sell off as soon as the new year starts. Meridith Whitney also said on CNBC earlier that she had "never been so bearish", and we were heading for a double-dip recession. Are you staying long into the near year, or taking profits?
Ex SWG, L2, CoH, Wow, and War
Currently PvPing in the stock market
Currently PvPing in the stock market