By: b2fnow

b2fnow — Tue, 03 Nov 2009 00:36:59 +0000

You answered your own question. Don’t complicate things by trading a different market from your analysis. Your analysis involved the economy/business and stocks, yet you traded a metal?
A cursory glance at the different markets will show that EVERYTHING has been going down together for a year. There has been no safe haven and no successful bets to the upside, merely a cleansing of excess in all markets and all countries.
Inflation killed the currencies in Latin America, not printing money. Doesn’t apply yet to the US, but it will eventually.
The next leg down in the markets is just beginning. If this is still your vision, buy the put on the Diamonds or the Spyders. The metals and real estate and oil and corn are all in their own little world. Just be aware the options are a wasting asset. Short the DIA or SPY directly at 2:1 or 4:1 margin, and you can hold until the cows come home.
References :
Additional note: I own a small put position in the SPY (+SZCSJ), so I’m a little biased. I’ll be loading up on puts when the S&P breaks 875 to the downside.

By: Randy F

Randy F — Tue, 03 Nov 2009 00:01:59 +0000

and you want an answer from us? lmfao
References :

Comments on: Are puts a better bet than gold if the market declines?

By: b2fnow

By: Randy F