Dow Down 1000… Funny Video and what to learn.
17:09 UTC 06 May 2010 
4 Comments
Talk about a crazy day on Wall Street. It was a total freak out session as the market plummeted indefinitely. It was a good day for the Naked Hedge Fund since we have been short for about a week now. One reaction that I came across thats on video is pretty classic… this guy completely becomes unhinged.
Even though it looks like it was some “computer glitch” there is a lot to take away from this event. It was basically a free pass to see what would happen in a market meltdown and as you could see the reaction was very good for only a handful of things Treasuries (TIP) and hard metal commodities primarily gold (GLD SLV DGP). Of course any short positions were very profitable today such as the only current holding (as of last week) of the Naked Hedge Fund, which is SH. These are important insights to keep in mind as a crisis could unfold that isn’t just a “trader’s mistake”.
That video is hilarious!!.. its exactly how I was feeling when everything was going down.
Gold in hand is the way to go.. forget the stocks and indexes associated with gold.
that guy needs to chill out a little bit in that video… he’s going to die of a heart attack before he can cash in
Even if this was a computer glitch the damage has been done.