Saturday, April 4, 2026

March 9, 2009

Wall Street Research In Motion

As the downtrend continues, I continue to be amazed by the amount of people that think the downtrend will not continue. Trends last longer than anyone thinks possible. The current downtrend looks like it has much much further to go. In the short term, I am working with the target mentioned the other day, S&P 622.

I have identified some cheap volatility in a couple of names. These positions will serve to enhance my portfolio of put positions that I will sell when the $VIX spikes higher than it did last year. Other than the REITS, my favorite shorts here are Google (GOOG), Research in Motion (RIMM) and Visa (V).

If you are not interested in the short side, there are plenty of bull markets. Three of note are the Dollar Index (DX H9), US Bonds (TLT) or (ZN H9), and finally Silver (SLV) and Gold (GLD).

The bullish bond trade is for the nimble. At some point this year, the US bond will be the biggest money makin’ vehicle on the street. Which way? Short. The Bond is going to be a massive short at some point this year. I’ll document it here. Stay tuned.

Peace

The trend is your friend

The trend is your friend

3 Comments »

  • I want to thank you for all of your research and for sharing it with us.
    Hope to see you again.

    Comment by Kurt — March 10, 2009 @ 1:53 am

  • thank you Mr. Volatility

    Comment by yuqing — March 10, 2009 @ 4:21 am

  • [...] wrote in my March 9th post that at some point this year, the bond is going to be a massive short.  I have not veered from [...]

    Pingback by The Bond Market | Trade the Picture — March 29, 2009 @ 9:41 pm

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