Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 01-06-2014, 10:43 AM   #21
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
HFWR's Avatar
 
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 12,964
Total bull****, but if this guy is "very" short the market, I'd at least believe he has the courage of his convictions...
__________________

__________________
Have Funds, Will Retire

...not doing anything of true substance...
HFWR is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 01-06-2014, 10:51 AM   #22
Thinks s/he gets paid by the post
 
Join Date: Sep 2012
Location: Seattle
Posts: 2,904
Quote:
Originally Posted by HFWR View Post
Total bull****, but if this guy is "very" short the market, I'd at least believe he has the courage of his convictions...
Of course it is bull****. The guy could buy Jan 2015 SPY $140 puts for only $2.35 each. When it falls 75% to $46 those puts would be worth $94 each.

That is a gain of almost 4000%

He could invest $50,000 and make $2,000,000 and never have to write another fake, crappy, bull**** article again in his life. We could tell him how to arrange the $2,000,000 to ER if he becomes a forum member.
__________________

__________________
Fermion is offline   Reply With Quote
Old 01-06-2014, 04:02 PM   #23
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
haha's Avatar
 
Join Date: Apr 2003
Location: Hooverville
Posts: 22,380
Quote:
Originally Posted by Fermion View Post
Of course it is bull****. The guy could buy Jan 2015 SPY $140 puts for only $2.35 each. When it falls 75% to $46 those puts would be worth $94 each.

That is a gain of almost 4000%

He could invest $50,000 and make $2,000,000 and never have to write another fake, crappy, bull**** article again in his life. We could tell him how to arrange the $2,000,000 to ER if he becomes a forum member.
Do you know that he did not do this? I just looked at the open interests in various long duration put contracts, and there is plenty open interest in various strikes to accommodate him.

Also, if I were young guy, I'd like to have that $2mm that you mention, but I also think that I would not want to trade a well paid, easy job where all I had to do was go beyond my certain knowledge from time to time. We do it all day every day here, for no pay at all.

Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
haha is offline   Reply With Quote
Old 01-06-2014, 04:31 PM   #24
Full time employment: Posting here.
 
Join Date: Jan 2013
Posts: 660
Mr. Zimmerman has been dispensing worthless advice for years now. Without even looking hard I found his prediction from December, 2011, in which he fearlessly predicted that the S&P 500 would fall to 579.57 by the end of 2012. The five signficant figures in his target number are a nice touch - he can't even get the direction of the market right, but that doesn't prevent him from predicting the closing price a year in advance to the nearest 1/100 of a point.

His quoted remarks are quite amusing in retrospect for how thoroughly clueless he was in reading the economic tea leaves.

I also see that both the recent article and the one from 2011 were written by Tomi Kilgore of the WSJ. I don't want to question Kilgore's journalistic integrity, but quite frankly this strikes me as at best lazy and at worst totally cynical. Kilgore seems to have made Mr. Zimmerman his official spokesman from the bearish camp and knows that whenever he needs a sensational headline, Mr. Zimmerman will be there to provide it - no disclaimers required, even though Kilgore knows that Zimmerman has been spectacularly wrong in the past.

Quote:
He expects 2012′s price action will mirror what the S&P 500 did from its Oct 2007 peak until it bottomed in March 2009.

“The technical patterns suggest that 2012 will be a terrible year for holding stocks. Even if by some miracle the euro zone hangs together, it is already falling into a deep and enduring recession,” says Zimmerman. “We expect this recession will drag down both the USA and China.”
S&P 500 Falling Below 600? This Will Even Make The Bears Shudder - MarketBeat - WSJ
__________________

__________________
karluk is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 06:56 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.