Cramer melt's down, will our economy be next?
beachdweller
Posts: 1,532
check out this Cramer meltdown from AUG 4th.
http://www.youtube.com/watch?v=Pd5zAbDKZEg&mode=related&search=
I know this can go either way, or a different way, but I'll be paying attention to see if either are right, Cramer or the editor of the video.
http://www.youtube.com/watch?v=Pd5zAbDKZEg&mode=related&search=
I know this can go either way, or a different way, but I'll be paying attention to see if either are right, Cramer or the editor of the video.
"Music, for me, was fucking heroin." eV (nothing Ed has said is more true for me personally than this quote)
Stop by:
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Stop by:
http://www.facebook.com/group.php?gid=14678777351&ref=mf
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I don't really entirely understand all this, but if he's that upset it can't be all that good as a gut instinct.
opinions?
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
Stop by:
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I can totally associate. My gut vibe on the guy, is that he is telling it like it is for the common man and not some whack job.
When I look at the same situation in politics internationally I see the same deal. The more you know the scarier it gets. Seriously though, with all this talk about peak oil and great depression possibilities, I'm starting to look more and more at how much property I have, and how I could grow food on it if I needed to.
well see...
and reveling in it's loyalty. It's made by forming coalitions
over specific principles, goals, and policies.
http://i36.tinypic.com/66j31x.jpg
(\__/)
( o.O)
(")_(")
We are trying to curb inflation problems over here too.
I think china putting there prices up has affected the global market, they also could be in a great bubble though.
It's very intresting to watch things unfold.
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
there aint gonna be any middle anymore
other than that..the economy is stable as can be. and will be.
Are you a banker?
Where do you get your info from?
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
BOOYAH
East Troy '03
Boston I '04
Pittsburgh '06
Lollapalooza '07
DC '08
MSG I & II '08
you really have a crush on me dont you...
this is what happen TODAY
http://biz.yahoo.com/ap/070807/wall_street.html?.v=35
Wall Street overcame disappointment in the Federal Reserve's failure to move toward an easing of interest rates Tuesday, and stocks made a late-day surge as the decision was seen as a sign the economy wasn't threatened by turmoil in the credit markets.
Investors were at first deeply disappointed that policymakers, who kept benchmark rates on hold at 5.25 percent, did not provide any hints about a possible cut. But, after digesting the policy statement, they quickly gained solace that the economy is likely to withstand losses from subprime mortgages. The Dow Jones industrials rose into positive territory from a 121 point deficit right after the decision was announced.
The Fed's Open Market Committee's economic assessment said the central bank's predominant concern "remains the risk that inflation will fail to moderate as expected." Wall Street, which has been shaken by two weeks of volatility over the more difficult conditions in the credit markets, appeared relieved the Fed didn't consider risk to the credit and loan markets as a bigger concern.
I do it's true jlew, i just got married but yea it's you i think about every night.
I will take a bankers word on the market over a newspapers any day of the week.
The markets go up and down everyday, just becuse it close's high today means nothing.
Your inflation has been rising for way to long now and nothing has really been done to curb it. Dollors been weak as, for a good few years now, hell i was in college when it started to weaken against the pound.
Built on a house of cards it has to fall sometime.
The economy has polarized to the point where the wealthiest 10% now own 85% of the nation’s wealth. Never before have the bottom 90% been so highly indebted, so dependent on the wealthy.
Fuck what "reasons" are given. The stock market is run by peoples' emotions. One day it is at a record high, and the next everyone is freaked out. The market is irrational and means nothing. It's glorified baseball card trading.
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its market volatility. this is common. for the next few weeks or months the markets are going to be up and down until the subprime market corrects itself.
by years end, the market will be positive.
thats funny. what do you do for a living?
HA! This cracked me - completly not true - but funny either way.
SHOW COUNT: (164) 1990's=3, 2000's=53, 2010/20's=108, US=118, CAN=15, Europe=20 ,New Zealand=4, Australia=5
Mexico=1, Colombia=1
when it hits you, you feel to pain.
So brutalize me with music.”
~ Bob Marley
a degree in finance doesnt make you an expert on the stock market and why it moves. you should know however how technical the market has become. derivatives is a huge part of the market and its movements. all based on financial models. many times, no emotion at all is involved.
If there was no emotion the issuing of new stock would never be driven up from it's original price. Ever notice how some new stock issuance goes crazy at first. Every bit of that is pure emotion including greed.
If it was all technical then explain the number of bad stock purchases being made by even the seasoned pros.
When I hear a trader begin the mumbo jumbo technical talk it's usually to try to justify his/her cut or to sound impressive. You can usually shut them up real fast by asking about their overall record versus the market over the last 10 years. Over that long a time span very few traders beat the market.
when it hits you, you feel to pain.
So brutalize me with music.”
~ Bob Marley
Hmmph.
Good stuff, surferdude.
Is it the real last 10 years, or the hypothetical last ten years?
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love the 5% number you made up. sounds good I guess but you have no idea. and I wont pretend to either.
what I do know, however, is that the high majority of trading is done by institutions, who throw around billions of dollars on single trades. not johnny trader that you speak of. trust me, its technical. institutions don't go throwing around $800,000,000 million dollars on an emotional hunch.
got it now?
this is getting good.
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except by express written permission of ©gue_barium, the author.
when it hits you, you feel to pain.
So brutalize me with music.”
~ Bob Marley
This is a hard sell, dude. All emotion.
I was rooting for ya.
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ha so does the average person who goes to work everyday, greedy? I have 2 jobs. well 3 if you included futures trading speculation. am I ruled by greed?
maybe I should move to the forest and live off the land.
this isnt about greed. in your example greed rules everybody's life.
this is referring to a ridiculous comment someone made about the stock market being meaningless. and you, with your **GASP** finance degree seems to agree. I do not. the stock market moves for a variety of reasons, emotion being one of them.
Not bad.
Could use some work.
Not bad, though.
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The premise of the stock market is sound but the actual trading going on is just a glorified pyramid scheme. It only collapses when people get cold feet. It hasn't taken long for the institutions to figure out the real money is in making sure nobody gets cold feet. There's nothing technical about it.
when it hits you, you feel to pain.
So brutalize me with music.”
~ Bob Marley
Good, good stuff.
Where do the bankers come in?
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dude you're a finance major. did you study DERIVATIVES? maybe you are misunderstanding "technical". the stock market isnt a bunch of idiots taking a greedy guess.
http://en.wikipedia.org/wiki/Derivative_(finance)
http://www.finpipe.com/dertradeops.htm
http://www.derivs.com/ <
analytical software I have used.
You're right in your way. Surferdude is taking the high road when it comes to his place in the global market. So, at least give him credit for that.
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I did about 6 months ago.. if everyone does now, I will have been right
A degree in finance - oh boy - watch out.
SHOW COUNT: (164) 1990's=3, 2000's=53, 2010/20's=108, US=118, CAN=15, Europe=20 ,New Zealand=4, Australia=5
Mexico=1, Colombia=1