Cobra's Market View

Al_Dente

As the Automatic Earth article pointed out (see above), the only solution to a debt crisis is to let the market clear. If bonds are trading at 25 cents on the dollar, the bond holders must take a loss. Extend and pretend has it's limits and we may be at the point where creditors will simply refuse to play along.

These articles are not intended to scare you but rather to warn you that the shit is beginning to hit the fan. Take precautions. And GLTA.

Gotta Occupy The In-Laws again. See you tomorrow!

ES +24 and I feel for greedy shorts
Shorts could have covered last Wednesday and Friday for good profits.

Me XMan wrote:ES +24 and I feel for greedy shorts
Shorts could have covered last Wednesday and Friday for good profits.

Don't feel for them just yet. Worry for yourself because you know this wave 4 won't last long so you should be worry about getting out and take profits on that long position.

Looking for SPX 1210 or higher and then going shorts again...not unless they've solved Eurozone crisis.
You know da bulls have very good imagination with financials.
Soon or later it's gonna blow but I think they have more tricks in their sleeves to play.

tdo722 wrote:

Me XMan wrote:ES +24 and I feel for greedy shorts
Shorts could have covered last Wednesday and Friday for good profits.

Don't feel for them just yet. Worry for yourself because you know this wave 4 won't last long so you should be worry about getting out and take profits on that long position.

99er wrote:Al_Dente

As the Automatic Earth article pointed out (see above), the only solution to a debt crisis is to let the market clear. If bonds are trading at 25 cents on the dollar, the bond holders must take a loss. Extend and pretend has it's limits and we may be at the point where creditors will simply refuse to play along.

These articles are not intended to scare you but rather to warn you that the shit is beginning to hit the fan. Take precautions. And GLTA.

Gotta Occupy The In-Laws again. See you tomorrow!

I agree with the bonds and believe we are seeing that now in Europe.

Greece is now pushing for a 75% writedown. If you were buying sovereign debt why would you buy ANY European debt if Greece wants 75% and the EU is backing them up?

Just gonna keep on buying bears ETF at least until SPX hits below 1074.

Month end window dressing and Xmas factor may run to Dec 12th

ES +32 FACE RIPPING MARKET!

tdo722 wrote:Just gonna keep on buying bears ETF at least until SPX hits below 1074.