InvestorsHub Logo
Followers 21
Posts 2413
Boards Moderated 0
Alias Born 02/15/2011

Re: MASTERTRADER post# 2051

Sunday, 02/26/2012 6:20:25 PM

Sunday, February 26, 2012 6:20:25 PM

Post# of 39190
We need a correction. I completely agree that this rally has to release some steam. I'm down 8% on my TZA but I simply refuse to take a loss at this point. I don't remember the last time every one was so giggly about the market and no one seems to even suggest to take some profits. This is just as arrogant as everyone back in October saying that S&P is going below 900. Back then I went long and made very decent money (even though I bought TNA at $35 and watched it go to $26).

There is one problem though and this is Gov. intervention. Now EU wants to release $2 trillion "stimulus". I always thought that printing money is not good for a country but for whatever reason this is not how it works in this world. Printing money only makes the markets go up and up and up and up.

Makes you wonder if this will ever catch up or Gov.s will just find a way to sweep it under the rug forever.