Just heard this on CNBC...

"Anything Not Down 500 is the New Up"...

That's what someone said?

Statements like that just make my head hurt.

Here is a question....will you be long at 3:30 PM today? Check the last 6 days and see the fear of people holding over night as its borderline crazy....

Absolutely, this market is now governed by fear. And those sorts of markets are always the best to pick up bargains in...

(and, yes, the regular host guy said that)

Why not pick up bargains at 10% lower? That's when they become bargains

I think my 10% lower was too little....the bottom is getting ready to fall out...then maybe its time...

Maybe...

I starting picking up SSO... double long S&P.

Sorry, my advice might have come a little too late.... but SSO is up 25-30% now...

Considering its up 14% on the day, thats pretty good math...

but im sure you picked it up at 2:45 on Friday because "you called the bottom"

But I like your style...Im in DDM...the question is when to get out

I actually picked it up RIGHT at the opening on Friday.... that huge drop paid off with a quick 700 points, plus the rally since.

I got in at 25.58, and its now at 33.08... 29.04% according to my statement...

I've already shaved some off....