[Seeking the truth]

I've written here for two years that the markets were WAY overvaued....IMHO, they still have a ways to go...I see the DOW at 6500, NASDQ at 1300, and the S&P at 700....then the earnings multiples will be in historical balance.....sorry to be such a wet blanket.......but it's what I believe...

Does that mean you've shorted everything? :) (rhetorical)

[ken5050]

I've been primarily in cash since Oct 99.....I did do well with a few shorts, but the volatility of the market made shorting stocks too risky for me...you could be dead right on a company, but the idiots could still run up the price on you, and you've got to pay the piper....I looked at puts, but the math didn't work for me..becuase of the volatility, the premiums were way to high.....indeed that's probably one of reasons why the markets imploded..the normal checks and balances were scrapped.....I have a very good friend who hated Amazon from the get-go..She shorted it at 65...and watched it keep going up..she had to cover at 115....it peaked at 125, I think....she was right on her analysis, but, as the saying goes, timing is everything..