Cramer melt's down, will our economy be next?

2

Comments

  • surferdude
    surferdude Posts: 2,057
    jlew24asu wrote:
    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?
    Those institutions hire people who are ruled by emotions with big wigs ruled by one of the strongest emotions there are... greed.
    “One good thing about music,
    when it hits you, you feel to pain.
    So brutalize me with music.”
    ~ Bob Marley
  • gue_barium
    gue_barium Posts: 5,515
    surferdude wrote:
    Those institutions hire people who are ruled by emotions with big wigs ruled by one of the strongest emotions there are... greed.

    This is a hard sell, dude. All emotion.
    I was rooting for ya.
    all posts by ©gue_barium are protected under US copyright law and are not to be reproduced, exchanged or sold
    except by express written permission of ©gue_barium, the author.
  • jlew24asu
    jlew24asu Posts: 10,118
    surferdude wrote:
    Those institutions hire people who are ruled by emotions with big wigs ruled by one of the strongest emotions there are... greed.

    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.
  • gue_barium
    gue_barium Posts: 5,515
    jlew24asu wrote:
    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.
    This is the first time I've ever heard you think.

    Not bad.

    Could use some work.

    Not bad, though.
    all posts by ©gue_barium are protected under US copyright law and are not to be reproduced, exchanged or sold
    except by express written permission of ©gue_barium, the author.
  • surferdude
    surferdude Posts: 2,057
    gue_barium wrote:
    This is a hard sell, dude. All emotion.
    I was rooting for ya.
    I've worked on the Canadian version of Wall Street. Trust me, greed is good is not just a mantra it's in the kool-aid. They care nothing for technical trading. They trade on emotions the biggest being an investor's greed.

    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.
    “One good thing about music,
    when it hits you, you feel to pain.
    So brutalize me with music.”
    ~ Bob Marley
  • gue_barium
    gue_barium Posts: 5,515
    surferdude wrote:
    I've worked on the Canadian version of Wall Street. Trust me, greed is good is not just a mantra it's in the kool-aid. They care nothing for technical trading. They trade on emotions the biggest being an investor's greed.

    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.
    Alright.

    Good, good stuff.

    Where do the bankers come in?
    all posts by ©gue_barium are protected under US copyright law and are not to be reproduced, exchanged or sold
    except by express written permission of ©gue_barium, the author.
  • jlew24asu
    jlew24asu Posts: 10,118
    surferdude wrote:
    I've worked on the Canadian version of Wall Street. Trust me, greed is good is not just a mantra it's in the kool-aid. They care nothing for technical trading. They trade on emotions the biggest being an investor's greed.

    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.

    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.
  • gue_barium
    gue_barium Posts: 5,515
    jlew24asu wrote:
    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.
    all posts by ©gue_barium are protected under US copyright law and are not to be reproduced, exchanged or sold
    except by express written permission of ©gue_barium, the author.
  • Abuskedti
    Abuskedti Posts: 1,917
    Time to sell!

    I did about 6 months ago.. if everyone does now, I will have been right :)
  • Indifference
    Indifference Posts: 2,778
    surferdude wrote:
    "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."

    Actually it's pretty much spot on. I have a degree in Finance that taught me that much.


    A degree in finance - oh boy - watch out.

    SHOW COUNT: (170) 1990's=3, 2000's=53, 2010/20's=114, US=124, CAN=15, Europe=20 ,New Zealand=4, Australia=5
    Mexico=1, Colombia=1 



  • surferdude
    surferdude Posts: 2,057
    Indifference wrote:
    A degree in finance - oh boy - watch out.
    Don't tell me you're one of those insecure people who feel ill at ease around well read and well educated people. I hate it when parents do a shitty job raising their kids.
    “One good thing about music,
    when it hits you, you feel to pain.
    So brutalize me with music.”
    ~ Bob Marley
  • surferdude
    surferdude Posts: 2,057
    jlew24asu wrote:
    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.
    You are definitely right in that the derivative market is almost a pure technical market.

    But the stock market is almost a pure emotional market.
    “One good thing about music,
    when it hits you, you feel to pain.
    So brutalize me with music.”
    ~ Bob Marley
  • Indifference
    Indifference Posts: 2,778
    surferdude wrote:
    Don't tell me you're one of those insecure people who feel ill at ease around well read and well educated people. I hate it when parents do a shitty job raising their kids.

    No, I have worked in the markets for over a decade now - you know applying a degree. I like it as lets me travel the world and follow Pearl Jam - who can ask for anything more.....

    SHOW COUNT: (170) 1990's=3, 2000's=53, 2010/20's=114, US=124, CAN=15, Europe=20 ,New Zealand=4, Australia=5
    Mexico=1, Colombia=1 



  • surferdude
    surferdude Posts: 2,057
    Indifference wrote:
    No, I have worked in the markets for over a decade now - you know applying a degree.
    Oh big boy has a degree. How much did that cost your parents to buy?

    I'm amazed you work in the field and don't even understand what you're really selling.
    “One good thing about music,
    when it hits you, you feel to pain.
    So brutalize me with music.”
    ~ Bob Marley
  • Indifference
    Indifference Posts: 2,778
    surferdude wrote:
    Oh big boy has a degree. How much did that cost your parents to buy?

    I'm amazed you work in the field and don't even understand what you're really selling.

    You know what they say about assumptions - first part is true here.

    SHOW COUNT: (170) 1990's=3, 2000's=53, 2010/20's=114, US=124, CAN=15, Europe=20 ,New Zealand=4, Australia=5
    Mexico=1, Colombia=1 



  • surferdude
    surferdude Posts: 2,057
    Indifference wrote:
    You know what they say about assumptions - first part is true here.
    Let's call a truce. Pissing matches are pointless. Drinking matches I can understand, but not a pissing mathc.
    “One good thing about music,
    when it hits you, you feel to pain.
    So brutalize me with music.”
    ~ Bob Marley
  • Indifference
    Indifference Posts: 2,778
    surferdude wrote:
    Let's call a truce. Pissing matches are pointless. Drinking matches I can understand, but not a pissing mathc.

    Fair enough.

    SHOW COUNT: (170) 1990's=3, 2000's=53, 2010/20's=114, US=124, CAN=15, Europe=20 ,New Zealand=4, Australia=5
    Mexico=1, Colombia=1 



  • jlew24asu
    jlew24asu Posts: 10,118
    surferdude wrote:
    You are definitely right in that the derivative market is almost a pure technical market.

    But the stock market is almost a pure emotional market.

    now im really confused. we are talking about how the market moves. derivative trading is the stock market.

    i'm not going to say the market doesnt move based on emotion. it certainly does. almost everything we do is based on emotion. but there is much more to it. its an indicator of many things.

    but you agreed that the stock market is ridiculous and meaningless. or however he put it. thats simply wrong.
  • surferdude
    surferdude Posts: 2,057
    jlew24asu wrote:
    but you agreed that the stock market is ridiculous and meaningless. or however he put it. thats simply wrong.
    The majority of what drives stocks up and down is emotionally driven, just like the baseball card market. That's one of the reasons why market confidence is tracked on a daily basis but corporate performance only quarterly. It would be very easy for the marlet to regulate that financials be published monthly. But that's not needed. What's being sold is only very loosely related to company performance.
    “One good thing about music,
    when it hits you, you feel to pain.
    So brutalize me with music.”
    ~ Bob Marley
  • Abuskedti
    Abuskedti Posts: 1,917
    surferdude wrote:
    You are definitely right in that the derivative market is almost a pure technical market.

    But the stock market is almost a pure emotional market.

    short term movement is in large part due to perception and emotion.. but the market is much more than that. It is not baseball cards it is real businesses.

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