Don’t mind me, but this video was even better than the one that started this whole mess:
Month: March 2009
How I use put options as investment insurance
There were 7 new highs and 1,221 new lows in my universe of 4,000 stocks on Friday. The QQQQ completed the 14th day of its short term down-trend within a longer term down-trend. I heard on Fast Money that the AAII survey has the most bearish reading ever. Furthermore, the momentum indicator in IBD for the Nasdaq 100 index futures is below 25%, the place from which rallies tend to begin. And with the T2108 at 7%, in deeply oversold territory, I am becoming reluctant to add more shorts right now.
Last week, a person who knows nothing about the market asked me how to short stocks. This is reminiscent of the stories of the shoeshine boys providing stock tips, near the roaring 20’s market’s top. The sentiment is just too negative right now. Does this mean the market has to turn up?
Jon Stewart takes on the pundits at CNBC… Finally!
Mike Wish here.
I try not to watch too much of the liberal media but this is hilarious. This is what dad complains about at the dinner table shortly after watching Jim Cramer fire off a storm of cheap, canned audio from his soundboard. These are the pundits that keep Dr. Wish up at night, tossing and turning. The infamous pundits responsible for everything that’s wrong with financial analysis and prediction media. (not that I have any opinion on the issue…)
I showed this video to him and he laughed and laughed. I thought I’d be the one to share it with all of you because he doesn’t yet understand how to embed YouTube videos into his posts. We’re still working with twitter, we’ll get there soon enough though!
See the video on the next page: