The end of the world?
Well you have to think something nasty is getting priced in here. And if it doesn't eventuate we are going to rally hard. But Boy oh Boy this is nasty. Imagine the state of all the margin accounts. I have a friend that had a 1 mil buy and forget margin portfolio. Now its buy and forget half a mil and still falling.
I love the word "panic".
Yes, margin and CFD accounts getting hammered. Stops being hit big tiome.
This is the capitulation sell-off needed to flush out the pipes, so to speak. I can't believe some of the bargains today. Haven't been this spoilt for choices for a long time.
The wild card is the US tonight. Will the Fed cut before market opening? Will it crash, or rally?
Strategy: buy half today, and other half tomorrow.
Don't ever confuse brains for a bull market.
The best time to be a trader. The best.
Posted by: Muddy Farmer | January 22, 2008 at 01:29 PM