On the Sept thread, you asked me if I'd "like" a full blown financial meltdown. The answer is no; however, I would like a meltdown more than the future (hyperinflation, rampant taxation, 24/7 surveillance) that I see. The bailout packages got rammed down all taxpayers' throats. All we "gained" was some mularkey time. Corrupt bankers, who started the mess, got away with it----all on your and my dime. I don't like that, and I don't believe you do, either.
BTW, A123 (AONE) running hot.
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To remove first post, remove entire topic.
Depeche-
On the Sept thread, you asked me if I'd "like" a full blown financial meltdown. The answer is no; however, I would like a meltdown more than the future (hyperinflation, rampant taxation, 24/7 surveillance) that I see. The bailout packages got rammed down all taxpayers' throats. All we "gained" was some mularkey time. Corrupt bankers, who started the mess, got away with it----all on your and my dime. I don't like that, and I don't believe you do, either.
As far as "the market," now that Q3 window dressing is done, I'd predict a very choppy market this month-----all based on the daily earnings reports/conference calls.
Up days and down days---probably the best trade is to buy dips, then get the f out with a gain before you get ripped. Not sophisticated, but effective. Won't make you rich, but will give you a little more to spend on something you want.
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As far as "the market," now that Q3 window dressing is done, I'd predict a very choppy market this month-----all based on the daily earnings reports/conference calls.
Up days and down days---probably the best trade is to buy dips, then get the f out with a gain before you get ripped. Not sophisticated, but effective. Won't make you rich, but will give you a little more to spend on something you want.
Market off to a shaky start....data looks grim as expected (or not, depending on who you listen to).
I look forward, if that is the correct usage, to a season of reality seeping into market euphoria...unemployment claims will continue to rise throughout the quarter and into 2010, and earnings will reflect a very,very, weak economy.
Lots of disconnect between Wall and Main Street, and of course, DC remains in a wonderland of confabulated statistics and policy based on such laughably inaccurate readings.
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Thanks Wall...
Market off to a shaky start....data looks grim as expected (or not, depending on who you listen to).
I look forward, if that is the correct usage, to a season of reality seeping into market euphoria...unemployment claims will continue to rise throughout the quarter and into 2010, and earnings will reflect a very,very, weak economy.
Lots of disconnect between Wall and Main Street, and of course, DC remains in a wonderland of confabulated statistics and policy based on such laughably inaccurate readings.
Lots of disconnect between Wall and Main Street, and of course, DC remains in a wonderland of confabulated statistics and policy based on such laughably inaccurate readings.
Well done, Vermeer
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Quote Originally Posted by Vermeer:
Lots of disconnect between Wall and Main Street, and of course, DC remains in a wonderland of confabulated statistics and policy based on such laughably inaccurate readings.
Yup the data would seem to support a selloff, but it has not happened.
No way interest rates get raised with these employment numbers as they are and as they will remain, and as they will get worse in 2010 (yes, despite everyone thinking of them as lagging indicators, tell that to an election operative next summer).
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Yup the data would seem to support a selloff, but it has not happened.
No way interest rates get raised with these employment numbers as they are and as they will remain, and as they will get worse in 2010 (yes, despite everyone thinking of them as lagging indicators, tell that to an election operative next summer).
It is easy to see possible catastrophes in the making without being considered a kook. After all, keep this in mind, from Professor Fromkin:"it takes at least two or more countries to keep a peace, but only one to start a war."
If Israel takes Iran at its word and decides, well, perhaps they do not wish to be wiped off the face of the earth...you have a problem. A catastrophe...yes, that would qualify.
The consequent closing of the Straits of Hormuz alone would do it.
The destruction of a major American landmark, from another (overdue) terrorist operation in North America or any other major act of terrorism (a New York/Wall Street/D.C. version of, say, Mumbai) would also be enough, at least to me to make the market collapse for at least a few days. And let us not forget bin Laden specifically wishes to destroy US economically..
It goes without saying that I hope like hell none of the above happens...but to rule it out would be really similar to believing Chamberlain had achieved "peace in our time."
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It is easy to see possible catastrophes in the making without being considered a kook. After all, keep this in mind, from Professor Fromkin:"it takes at least two or more countries to keep a peace, but only one to start a war."
If Israel takes Iran at its word and decides, well, perhaps they do not wish to be wiped off the face of the earth...you have a problem. A catastrophe...yes, that would qualify.
The consequent closing of the Straits of Hormuz alone would do it.
The destruction of a major American landmark, from another (overdue) terrorist operation in North America or any other major act of terrorism (a New York/Wall Street/D.C. version of, say, Mumbai) would also be enough, at least to me to make the market collapse for at least a few days. And let us not forget bin Laden specifically wishes to destroy US economically..
It goes without saying that I hope like hell none of the above happens...but to rule it out would be really similar to believing Chamberlain had achieved "peace in our time."
Everyone keeps saying that and meanwhile the market keeps plugging higher. Given that everyone has been calling for a correction for mos that makes me think it may just not happen. Besides I'm just looking for 1 play, maybe something not too tied to the market. I can handle something speculative too.
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Everyone keeps saying that and meanwhile the market keeps plugging higher. Given that everyone has been calling for a correction for mos that makes me think it may just not happen. Besides I'm just looking for 1 play, maybe something not too tied to the market. I can handle something speculative too.
What we're in now is a bear market rally that can last a few years and also demolish the shorts (without which there would be less of a rally).
Agreed....everyone and his dog are calling for a sell-off----which is why it is "less" likely to happen than if the peanut gallery would just stfu.
And if there is something harrowing to come on the geopolitical scene in the next 1-3 years, then the price of spot gold and spot crude will SOAR.
ETFs are bullsheet------since they've been around, no one-----not one single person on the planet------can give anything close to an accurate model as to how they are priced. So if you're going to play the precious metal scenario, the physical is what you need to own.
Cheers
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What we're in now is a bear market rally that can last a few years and also demolish the shorts (without which there would be less of a rally).
Agreed....everyone and his dog are calling for a sell-off----which is why it is "less" likely to happen than if the peanut gallery would just stfu.
And if there is something harrowing to come on the geopolitical scene in the next 1-3 years, then the price of spot gold and spot crude will SOAR.
ETFs are bullsheet------since they've been around, no one-----not one single person on the planet------can give anything close to an accurate model as to how they are priced. So if you're going to play the precious metal scenario, the physical is what you need to own.
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