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Old 10-03-2011 | 09:50 AM
  #77209  
Carl Spackler's Avatar
Carl Spackler
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Joined: Apr 2008
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From: 747-400 Captain
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Originally Posted by scambo1
This is not intended as financial advice, DYODD, you are responsible for your own actions.

Bar; FWIW

If you haven't set up a brokeragelink do it first thing monday morning. Put all available investable assets there (sitting in a tax exempt moneymarket trust). The market is going to fall off a cliff within the next 2 weeks... sooner rather than later.

Wait for the market to hit bottom...by 3rd week in Oct. Buy a good 3X etf like tna or erx. Plan to sell in april sometime and shift your holdings to a 3X inverse etf like FAZ. Rinse repeat. Not much babysitting required.

FWIW, from the guy who bought erx monday (not friday) at 30.80 and sold tues for 38, a 25% gain in two days in full view of you folks.

Again, not investment advice, do your own due diligence, your mileage may vary, you are responsible for your own actions, etc.
Dude...you are good!

Carl