The graphs would show you this is just a REACTION SWING ... and when i say "this" and "is" , i mean the last week with its 2 or 3 isolated days of either minor or very violent REACTIONARY\manipulated upswings is just a temporary shift in direction .. and "is" meaning "WAS" and that we are poised to begin follwing REAL SENTIMENT again RIGHT NOW ...
the selloff will continue.
And if you bought back at 11800, well ... i'm saying you will have a great chance to DOLLAR COST AVERAGE your position.
:rolleyes:
Yeah.
We'll see, huh.
I can't believe you are such a fairy-tale land bull.
Let me know when your fucking prince in shining armor comes busting on to the scene.
I could use a ride on his magical unicorn stead too!
I'm not a bull. right now I'm a bear. remember when I said buy everything in sight at 11,800. not a bad idea right? I was a bull.
now I'm bearish. the market has room to fall but not in a doomsday scenario that you seem to suggest.
the market always goes down at some point. corrections happen. there are still many positive things happening however. many companies are still making alot of money. some are not.
I just find you laughable when you keep calling for the same thing to keep happening over and over and over and over. sure one of these times you will be right and I will laugh when you come pounding your chest at how smart you are.
I'm not a bull. right now I'm a bear. remember when I said buy everything in sight at 11,800. not a bad idea right? I was a bull.
now I'm bearish. the market has room to fall but not in a doomsday scenario that you seem to suggest.
the market always goes down at some point. corrections happen. there are still many positive things happening however. many companies are still making alot of money. some are not.
I just find you laughable when you keep calling for the same thing to keep happening over and over and over and over. sure one of these times you will be right and I will laugh when you come pounding your chest at how smart you are.
So the time frame of your sentiment is about 24 hours to 1 week?
So you're a swing trader? I got the feeling that you must have been a buy & hold guy, but if you are just swinging positions over a few days, good for you.
If you are or ever were a bear, you sure as fuck never show it.
And if you have been a bull for the past 6 months, WTF made you a bear overnight?
And why do you laugh when i HAVE been 100% right for the last 6 months?
Because i fail to take comfort in a relatively minor reaction swing in the face of a huge DOWN HILL tumble?
Yeah. Markets go down eventualy. There is always a correction. Its called fucking fallout from manipulated interest rates.
Do you understand Mises and "Malinvestment Theory" at all?
You even have people like George Soros saying the USA is DONE with being the economic forefront of the global economy ... that this is a FUNDAMENTAL POWERSHIFT, and that DARK days are ahead for the usa.
You think he is an idiot and a fearmonger too?
What about all the people on CNBC who are REPEATEDLY saying now what they WOULD NOT SAY 6 months ago?
It is day in day out with, "Well yeah. but i wouldn't be calling a bottom any time soon." and ... "i agree bob, the dollar is in for tough times ahead." and ... "at this point a recession is a foregone conclusion."
So you're gonna sit here and laugh at me?
And the only reason i am concerned about a possible "doomsday" on the street is BECAUSE OF THE DOLLAR.
Yes, i'm not stupid.
The markets CAN and DO recover, even after MASSIVE selloffs (see 1930s) ... but IF THE CURRENCY FAILS, WE ARE FUCKED!
What is gonna save the dollar?
Huh?
WHAT?
If I was to smile and I held out my hand
If I opened it now would you not understand?
Yes.
Of COURSE they had a hand in it.
The ONLY reason the great depression happened was because of fiat money inflation \ manipulation of interest rates. The ONLY reason.
I'm just saying that in light of that, trying to blame the fed for raising and not lowering rates after the fact is fucking absurd.
If i shoot you in the face and you die, are you relatives gonna go on and on about how they can't believe i didn't put some gauze on your wound? Or are they gonna bitch about how i SHOT you?
That was what i am trying to say.
LOL, okay, that was a perfect example and now I understand it more clearly.
See what happens.
You become bearish and spook the market!
Now the bulls are trying to run.
Hope you shorted at noon and not 9:30!
The bulls are DESPERATE today.
If the market had broke at open, we'd be back in the 1290s on the spooz. Instead the bears are letting the bulls have their little fun. They will get trampeled in late trading, or tomorrow\monday.
:rolleyes:
If I was to smile and I held out my hand
If I opened it now would you not understand?
It's starting to become whatever Driftin says.... go the opposite way
to his credit, he does have decent knowledge with currencies and the fed's role in finance. but seems to have no idea how it relates to stock market movements. he'll learn.
but its been a long time since I have seen someone be wrong by 600 points.....in one day!!!! wow
to his credit, he does have decent knowledge with currencies and the fed's role in finance. but seems to have no idea how it relates to stock market movements. he'll learn.
but its been a long time since I have seen someone be wrong by 600 points.....in one day!!!! wow
Didn't you just say you were a bear too?
:rolleyes:
I have my arguments for why the market did what it did today, and i made money too, so thpppptttt.
I'll post here at about midnight or 2am, whenever i get off work, to follow up on my theories.
Basicaly i think the bulls were scared shitless today, and the bears just let em have their cake for the time being.
So close to a massive selloff point, there was too much support. but as far as i know S&P is still sitting comfortably below 1400, which would be the outside of the downtrend line.
Let me know if i'm wrong. i left midday for lunch with the folks, who are in town.
It was a nice break.
Glad you get to roll your eyes at me for the day.
Let me know how it goes next week.
BTW,
don't think i tdon't realize that this move was predicated partly ON THE BACK OF GOVERNMENT BAILOUT TO THE TUNE OF $500 BILLION.
Havent read the particulars yet, but i understand it was "announced" today.
That is hardly anythin to fucking get excited about.
:rolleyes:
If I was to smile and I held out my hand
If I opened it now would you not understand?
Didn't you just say you were a bear too?
:rolleyes:
I have my arguments for why the market did what it did today, and i made money too, so thpppptttt.
I'll post here at about midnight or 2am, whenever i get off work, to follow up on my theories.
Basicaly i think the bulls were scared shitless today, and the bears just let em have their cake for the time being.
So close to a massive selloff point, there was too much support. but as far as i know S&P is still sitting comfortably below 1400, which would be the outside of the downtrend line.
Let me know if i'm wrong. i left midday for lunch with the folks, who are in town.
It was a nice break.
Glad you get to roll your eyes at me for the day.
Let me know how it goes next week.
BTW,
don't think i tdon't realize that this move was predicated partly ON THE BACK OF GOVERNMENT BAILOUT TO THE TUNE OF $500 BILLION.
Havent read the particulars yet, but i understand it was "announced" today.
That is hardly anythin to fucking get excited about.
:rolleyes:
yup, there you go again. just keep predicting the market will crash. one of these days you will be right.
I would expect this to be the beginning.
And i would expect TWENTY BILLION to quickly become FORTY, SIXY, ONE HUNDRED AND SIXTY ... up up and away ...
this is all coming out of YOUR POCKETS, btw.
Jlew, i think it was you who laughed at me 6 months ago and said, "there won't be any bailout" ... along with some reasons why i was a fearmonger, no?
You ARE RIGHT, i won't be seeing my market crash today or tomorrow ... maybe not even next week or next month now ...
Perhaps, the knowledge that old Uncle Sam is ever vigilant, doing his job ... ready to FUCK YOU AND ME ... FUCK THE DOLLAR, and FUCK THE COUNTRY to SAVE THE BIG BANKER MAN ... yay!
So. Crisis averted.
Or at least pushed back.
I still actuay believe the market is so fundamentaly weak that this rally can not hold.
But, i wouldn't be ashamed to admit, at this point, the game has changed!
Uncle Sam is about to prove he is the everlasting-sucker.
And you and I get to be his ignorant underwriters.
This plan is basicaly identical to the 1980's bullshit.
Uncle Sam outright BUYS BAD INVESTMENTS, PAYING PREMIUM FOR IT, and YOU AND I FOOTING THE BILL, THROUGH INFLATION.
obligatory
:rolleyes:
If I was to smile and I held out my hand
If I opened it now would you not understand?
yup, there you go again. just keep predicting the market will crash. one of these days you will be right.
Making early predictions that the market is going up today, jlew.
Thought you'd like to hear that.
Although, my pockets are on the sideline.
IMHO, markets are moving up to test a DOWN trend line, so that they can react and continue down. Thus i'm not jumping in to a bunch of turbulence.
Gold is up in the air right now as well. Though given all the extra inflation needed for bailout and stimulus, it should be going up in the next week or so.
Anyhow.
We'll see how it plays out.
If I was to smile and I held out my hand
If I opened it now would you not understand?
Making early predictions that the market is going up today, jlew.
Thought you'd like to hear that.
Although, my pockets are on the sideline.
IMHO, markets are moving up to test a DOWN trend line, so that they can react and continue down. Thus i'm not jumping in to a bunch of turbulence.
Gold is up in the air right now as well. Though given all the extra inflation needed for bailout and stimulus, it should be going up in the next week or so.
Anyhow.
We'll see how it plays out.
I think down today. although it could go either way. I dont think there is much news out, volume will be light.
Unless there is a fucking Deus Ex Machina this week, gold will be $1000 an ounce by Friday.
Last weeks COB Friday price was $975 \ ounce.
As of right now (sunday near midnight) the futures price is at $986 an ounce.
I would actualy imagine that it jumps another 10 dollars or so by close tomorrow.
I don't know how much resistance it runs into right up on $1000, but i wouldn't even be suprised if we closed this week above $1000 by more than just a few dollars.
The sky is truly falling, people.
The illusion fails your vision, because it is (relatively) gradual and you fail to notice the movement.
But it is dropping towards earth and gaining momentum as it does.
Call me crazy.
:rolleyes:
If I was to smile and I held out my hand
If I opened it now would you not understand?
was just wondering if you took your own advice... should have listened to inner self at $550... bet your kicking yourself
No shit.
I'm also pissed that i was told that cashing out my Roth IRA would cost me an arm and a leg in taxes and penalties ... which was the primary reason i did not go in to gold then. I find out later that this is 100% crap and that i pay absoultely no penalties because it is not a traditional IRA, it is a Roth.
:mad:
oh well.
Live and learn, right?
If I was to smile and I held out my hand
If I opened it now would you not understand?
No shit.
I'm also pissed that i was told that cashing out my Roth IRA would cost me an arm and a leg in taxes and penalties ... which was the primary reason i did not go in to gold then. I find out later that this is 100% crap and that i pay absoultely no penalties because it is not a traditional IRA, it is a Roth.
Why?
Silver has had a nearly equivocal move at this point.
Its topped the 20-21 range.
Was trading at 12 in August.
There was a point a few months ago where silver was held back by maybe 20% (give or take) from the move gold had, but in the last month that has changed.
Unless you know something i don't.
And FYI, i'm playing Devils Ad. here, because i am moving that retirement money (a portion of it) in to physical silver ... probably do it tomorrow if the market pulls back good today.
Doing that because i don't care if i take a 10 or 20% loss on it in the short term.
I'm trying to make sure that next year i have SOMETHING to live off of.
If I was to smile and I held out my hand
If I opened it now would you not understand?
Why?
Silver has had a nearly equivocal move at this point.
Its topped the 20-21 range.
Was trading at 12 in August.
There was a point a few months ago where silver was held back by maybe 20% (give or take) from the move gold had, but in the last month that has changed.
Unless you know something i don't.
And FYI, i'm playing Devils Ad. here, because i am moving that retirement money (a portion of it) in to physical silver ... probably do it tomorrow if the market pulls back good today.
Doing that because i don't care if i take a 10 or 20% loss on it in the short term.
I'm trying to make sure that next year i have SOMETHING to live off of.
If I buy gold... how do I spend it to buy a six pack or beer and a pack of Marlboros? Do i break off a chunk of the gold brick and hand it to the guy at the 7-11?
Allen Fieldhouse, home of the 2008 NCAA men's Basketball Champions! Go Jayhawks!
Hail, Hail!!!
Comments
I'm not a bull. right now I'm a bear. remember when I said buy everything in sight at 11,800. not a bad idea right? I was a bull.
now I'm bearish. the market has room to fall but not in a doomsday scenario that you seem to suggest.
the market always goes down at some point. corrections happen. there are still many positive things happening however. many companies are still making alot of money. some are not.
I just find you laughable when you keep calling for the same thing to keep happening over and over and over and over. sure one of these times you will be right and I will laugh when you come pounding your chest at how smart you are.
So the time frame of your sentiment is about 24 hours to 1 week?
So you're a swing trader? I got the feeling that you must have been a buy & hold guy, but if you are just swinging positions over a few days, good for you.
If you are or ever were a bear, you sure as fuck never show it.
And if you have been a bull for the past 6 months, WTF made you a bear overnight?
And why do you laugh when i HAVE been 100% right for the last 6 months?
Because i fail to take comfort in a relatively minor reaction swing in the face of a huge DOWN HILL tumble?
Yeah. Markets go down eventualy. There is always a correction. Its called fucking fallout from manipulated interest rates.
Do you understand Mises and "Malinvestment Theory" at all?
You even have people like George Soros saying the USA is DONE with being the economic forefront of the global economy ... that this is a FUNDAMENTAL POWERSHIFT, and that DARK days are ahead for the usa.
You think he is an idiot and a fearmonger too?
What about all the people on CNBC who are REPEATEDLY saying now what they WOULD NOT SAY 6 months ago?
It is day in day out with, "Well yeah. but i wouldn't be calling a bottom any time soon." and ... "i agree bob, the dollar is in for tough times ahead." and ... "at this point a recession is a foregone conclusion."
So you're gonna sit here and laugh at me?
And the only reason i am concerned about a possible "doomsday" on the street is BECAUSE OF THE DOLLAR.
Yes, i'm not stupid.
The markets CAN and DO recover, even after MASSIVE selloffs (see 1930s) ... but IF THE CURRENCY FAILS, WE ARE FUCKED!
What is gonna save the dollar?
Huh?
WHAT?
If I opened it now would you not understand?
LOL, okay, that was a perfect example and now I understand it more clearly.
Are you being facetious?
If so, what is the disconnect? If you are being genuine, glad i could help.
:cool:
If I opened it now would you not understand?
I don't think I'm being facetious. I saw the humor in your example and it helped me to understand what you said earlier.
See what happens.
You become bearish and spook the market!
Now the bulls are trying to run.
Hope you shorted at noon and not 9:30!
The bulls are DESPERATE today.
If the market had broke at open, we'd be back in the 1290s on the spooz. Instead the bears are letting the bulls have their little fun. They will get trampeled in late trading, or tomorrow\monday.
:rolleyes:
If I opened it now would you not understand?
:rolleyes:
http://finance.yahoo.com/q/bc?s=%5EDJI&t=1d
I'm starting to REALLY question your comprehension of this situation.
It's starting to become whatever Driftin says.... go the opposite way
Admin
Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.
to his credit, he does have decent knowledge with currencies and the fed's role in finance. but seems to have no idea how it relates to stock market movements. he'll learn.
but its been a long time since I have seen someone be wrong by 600 points.....in one day!!!! wow
Didn't you just say you were a bear too?
:rolleyes:
I have my arguments for why the market did what it did today, and i made money too, so thpppptttt.
I'll post here at about midnight or 2am, whenever i get off work, to follow up on my theories.
Basicaly i think the bulls were scared shitless today, and the bears just let em have their cake for the time being.
So close to a massive selloff point, there was too much support. but as far as i know S&P is still sitting comfortably below 1400, which would be the outside of the downtrend line.
Let me know if i'm wrong. i left midday for lunch with the folks, who are in town.
It was a nice break.
Glad you get to roll your eyes at me for the day.
Let me know how it goes next week.
BTW,
don't think i tdon't realize that this move was predicated partly ON THE BACK OF GOVERNMENT BAILOUT TO THE TUNE OF $500 BILLION.
Havent read the particulars yet, but i understand it was "announced" today.
That is hardly anythin to fucking get excited about.
:rolleyes:
If I opened it now would you not understand?
yup, there you go again. just keep predicting the market will crash. one of these days you will be right.
Yup.
One of these days.
All though, with this new plan it could be a while ... The HOPC ... HERE WE GO, FOLKS.
This is the FLSIC ALL OVER AGAIN!
I would expect this to be the beginning.
And i would expect TWENTY BILLION to quickly become FORTY, SIXY, ONE HUNDRED AND SIXTY ... up up and away ...
this is all coming out of YOUR POCKETS, btw.
Jlew, i think it was you who laughed at me 6 months ago and said, "there won't be any bailout" ... along with some reasons why i was a fearmonger, no?
You ARE RIGHT, i won't be seeing my market crash today or tomorrow ... maybe not even next week or next month now ...
Perhaps, the knowledge that old Uncle Sam is ever vigilant, doing his job ... ready to FUCK YOU AND ME ... FUCK THE DOLLAR, and FUCK THE COUNTRY to SAVE THE BIG BANKER MAN ... yay!
So. Crisis averted.
Or at least pushed back.
I still actuay believe the market is so fundamentaly weak that this rally can not hold.
But, i wouldn't be ashamed to admit, at this point, the game has changed!
Uncle Sam is about to prove he is the everlasting-sucker.
And you and I get to be his ignorant underwriters.
This plan is basicaly identical to the 1980's bullshit.
Uncle Sam outright BUYS BAD INVESTMENTS, PAYING PREMIUM FOR IT, and YOU AND I FOOTING THE BILL, THROUGH INFLATION.
obligatory
:rolleyes:
If I opened it now would you not understand?
typical American politics.
And similar to our relationship with corporations. Gov't gives tax dollars to companies to develop products (thorugh grants etc).
If it goes bad we cover the cost, if it works they keep the profits.
Making early predictions that the market is going up today, jlew.
Thought you'd like to hear that.
Although, my pockets are on the sideline.
IMHO, markets are moving up to test a DOWN trend line, so that they can react and continue down. Thus i'm not jumping in to a bunch of turbulence.
Gold is up in the air right now as well. Though given all the extra inflation needed for bailout and stimulus, it should be going up in the next week or so.
Anyhow.
We'll see how it plays out.
If I opened it now would you not understand?
I think down today. although it could go either way. I dont think there is much news out, volume will be light.
Well. Maybe we are in "Do the Opposite of DBTS" Mode here ... not home to check a true feed, but CNBC showing DOW down 30, SP down 5.
But this could just be a test of pivot\consolidation before rally ... or maybe even just a gap fill on open?
Who knows.
Today will be an interesting measure of the week to come.
Curious of the range we see in light of the massive swings last week.
Happy Monday.
WTF did Kat move your BDay threads out of here? That was Lame-O.
If I opened it now would you not understand?
gold will be $1000 an ounce by Friday.
Last weeks COB Friday price was $975 \ ounce.
As of right now (sunday near midnight) the futures price is at $986 an ounce.
I would actualy imagine that it jumps another 10 dollars or so by close tomorrow.
I don't know how much resistance it runs into right up on $1000, but i wouldn't even be suprised if we closed this week above $1000 by more than just a few dollars.
The sky is truly falling, people.
The illusion fails your vision, because it is (relatively) gradual and you fail to notice the movement.
But it is dropping towards earth and gaining momentum as it does.
Call me crazy.
:rolleyes:
If I opened it now would you not understand?
:(
Gold ALREADY over 1000 in March contracts.
Holy shit.
:(
If I opened it now would you not understand?
I had to sell my retirement account, and take a bunch of hits on sails & gains on some other stuff,
but as of last week i am 100% out of stocks,
and earlier in februrary i got in to gold (albeit not nearly as much of my $ as i would like is there yet) ... around the $960 mark, i think.
Still can't belive we've run up from $550 to $1000 in 6 months.
Fucking crazy.
Today is KEY for the markets by the way.
If we go even a hair lower than where we are, we could have a MASSIVE sell off.
Be ware.
If I opened it now would you not understand?
No shit.
I'm also pissed that i was told that cashing out my Roth IRA would cost me an arm and a leg in taxes and penalties ... which was the primary reason i did not go in to gold then. I find out later that this is 100% crap and that i pay absoultely no penalties because it is not a traditional IRA, it is a Roth.
:mad:
oh well.
Live and learn, right?
If I opened it now would you not understand?
Buy Silver then... duh...
Why?
Silver has had a nearly equivocal move at this point.
Its topped the 20-21 range.
Was trading at 12 in August.
There was a point a few months ago where silver was held back by maybe 20% (give or take) from the move gold had, but in the last month that has changed.
Unless you know something i don't.
And FYI, i'm playing Devils Ad. here, because i am moving that retirement money (a portion of it) in to physical silver ... probably do it tomorrow if the market pulls back good today.
Doing that because i don't care if i take a 10 or 20% loss on it in the short term.
I'm trying to make sure that next year i have SOMETHING to live off of.
If I opened it now would you not understand?
http://www.silverstockreport.com/2008/squeeze.html
And quit winking like that makes your condescending comments any less condescending... its fucking annoying.
i was winking because fundamentaly i was agreeing with you.
jesus.
I said i was buying silver for fucks sake.
if i wanted to be condescending i would roll my eyes.
:rolleyes:
If I opened it now would you not understand?
Hail, Hail!!!