SPDR S&P 500 (SPY)

[farooq]

I guess Warren Buffet is gonna lose a whole lot of money on dem S&P500 derivitives but he should of stuck with what he knew, taking peoples money and promise-ing to help-em if they ever got into trouble, otherwise known as Insurance, sheesh another Giant about to FALL, oh boy, sigh.............


I think he sold short at 1200 there was a big trade and media was reporting some one covered it. I think that where he shorted it,he was naked short till that time IMOP.

Market will drop to the point where he sold those contracts insurance, and will keep 5 Billion premium plus he will cover short which will put more coins in his pocket.

Tea party was gaining momentum so this down fall will bring the people to reality that we do need a strong Govt. and both party will continue there normal routine after election.

Tea party will be more dangerous to GOP then to Democrats IMOP.

There is 20 % chance Tea party can gain momentum and force.
That will bring multi year bear market, oh boy.