Markets – We Are Going Down

I won’t reference my previous posts. I won’t tell you “I told you so”, or tell you again….to pull your head out of the sand. I will give you the quiet time needed (perhaps crying into pillows or smashing into walls) to reflect and evaluate….. ” what the hell did I do wrong?”.

We are going down people – exactly as suggested.

It’s also been suggested by several of you that I should “pep it up” and try my best to “write something positive”. While this is excellent advice (should I choose to  start a “day care” – or perhaps get into grief counseling) – the day I tailor my writing to appeal to some cry baby, sad sack – is the day I poke pencils in my eyes, run down the beach naked, yelling  I’ve now seen Jesus!

Trust me – ain’t gonna happen. It will never, ever happen.

We all make decisions in this life, and we all hope they are the right ones. We all do the best we can, and we all hope that when “all is said and done” – we’ve lived our lives with some level  of integrity, dignity, decency and respect.

If you’d rather I lie to you – perhaps you need to consider the same.

If you don’t like it – don’t read it.

We are going down.

There will be spikes, and there will be large moves in both directions as we crawl our way through 2013, but as per my latter posts – if not  for “one more pop” higher” I am a firm believer that the highs are in. I mean”the highs” in general – like…..not seeing the SP500 at these levels again – period…..end of story, as wel roll over late 2013 / early 2014 on the road to “zero” as the U.S completely collapses – stocks, bonds, housing,  currency and all.

9 Responses

  1. timothyames1963 April 17, 2013 / 3:30 pm

    Greetings Oh Swami Doomsayer !!

    Ya so you might be a wee bit negative BUT at least it’s the truth, the USA has been the elephant in the room since George W idiot was the leader ( I guess you can call what he did leading tho my border collie does much better but I digress ) and it’s going down as you say ALL of it and it’s about time….. The LIES oh the LIES and the deflection……. Anyway it’s not if it’s when and we need to get ready as much as you can for a Tsunami that you have no higher ground to climb to… Oh now i sound like you……… Anyway keep on being who and what you are, truthful and blunt


    • Forex Kong April 17, 2013 / 4:48 pm

      Thanks Tim.

      You know…..its funny….”truth” deemed “negative” only in that – people aren’t particularily interested in the truth.

      If markets where screaming higher and the data out of the U.S was coming up roses – believe me, I’d be right there with my commentary. Unfortunately such is not the case. What’s that saying – “you can put lipstick on a pig…but its still a pig?” – That about sums it up.

      Im only an observer.

  2. Ben April 17, 2013 / 5:00 pm

    There’s something romantic about the notion of the US economy going down in flames. I can’t quite put my finger on it.. (Certainly I wish it weren’t, as an American.)

    In any case, I bought some SDS $45 calls for June and some for September. At the rate things are waffling, I don’t think I’ll be early to the “party”, but you never know. Fear is in the air and I wouldn’t be surprised if this terror shit worked as a catalyst.

    If you know a better way to ride this down, I’m all ears.

    • Forex Kong April 17, 2013 / 7:12 pm

      First off – your options are far too “near term” – if thats a term at all.

      With one quick little pop higher – those babies will split like tape worms, and leave you with nothing. Timing is absolutely everything with an options play ( short of long dated leaps, and a scaled approach) and on a fundamental basis – you know you are fighting the FED right? – tomorrow markets pop 250 and then stagnate / trade flat for even a month – you are toast.

      I buy puts on massive green “up” days – and calls when there is blood in the street.If you’ve just now realized there is fear in the air – you’re likely too late.

      I too imagine that the terrorists are actually the FED.

      • Ben April 17, 2013 / 8:42 pm

        Roger, roger, thanks for the advice. Might take my little profit on these and not risk getting squashed.

        I agree with your general sentiment, but don’t know how to play it. How are you playing it?

        • Forex Kong April 18, 2013 / 10:55 am

          Via currencies – I will likely look to get long JPY as well look to short commodity currencies.

          USD is gonna be tough here (as it still sits as a safe haven) – but I envision a time where we may see both USD and U.S equities fall together.

          My only concerns with your options plays (or at least If I can throw anything in to improve your chance of gains) is to either “scale” a position so you don’t get wacked in a single days move against you – or look further out as to allow for at least “som amount of time” for the position to move in your favor. Those damn things – even when you get the direction right, if the timing is even a little bit off ( as who can time the markets like that) they end up in the tank….or at least you spend the rest of the time just looking to get back to break even.

          A guys gotta get not only direction, but pretty excellent timing as well – to really make em go.

  3. Deano April 17, 2013 / 5:16 pm

    Kong, I don’t get it. Markets going down is a GOOD thing for us traders, just adds to the opportunities as the volitality rises. Last time I looked you don’t make the news, which is mostly bad because our global economic performance, you just comment on it, and I’m with you insofar as its ugly out there.

    If I want a snowjob and pat on the shoulder telling me everything is alright I’ll visit my sister, otherwise if I want to see if we’re on the same wavelength (and we are) and get it full throttle I’ll come to places like this!

    Viva the revolution and keep up the good fight.

    • Forex Kong April 17, 2013 / 7:13 pm

      Ok Deano – what you said.

      Glad to have you – and we’ll keep on!

  4. Nfxtrader April 17, 2013 / 9:24 pm

    Tell us how you really feel! On the same page here. Lets bring on May….

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