I’ve had a 180 degree reversal in opinion, regarding the ESFS. Without stocks to buttress my bias, I am seeing things with greater clarity. The Germans cannot bail out Europe. They are NOT buying Europe, but being fleeced by Greece, Italy, Spain, Portugal, Ireland and France. The German people should be chained and whipped by cigarette smoking Greek sodomites, then mugged for their life savings.
This makes no sense, whatsoever. Naturally, we are being trained to believe this is “the only option.” Put yourselves in the shoes of a German slave. Imagine if America was forced to buy out (BUY OUT is the operative term) Mexico’s debt? This is an abomination and will never work. In the short term, Greece will be saved and things will appear to be normal, until the economic crisis based around the laws of supply and demand strikes blows to Eurozone economies, leading to the insolvency of Germany itself. Look, if Germany cannot enforce taxation, it makes no sense to bail anyone out.
They should cut their losses and go back to the Deutschmark, else find themselves dead in the water broke a few years from now.
UPDATE: I’ve decided to release brand new algorithms for OVERBOUGHT and OVERSOLD in The PPT tonight. These tools are by far the biggest upgrades in PPT history, which enables user to view OB/OS signals on a 3,6,12 month and historical basis. Right now, the OB/OS is only historical. Now you will be able to view these signals over selective time frames. The market changes all the time. These new tools will help, immeasurably, in determining where the pivot points are.
[youtube:http://www.youtube.com/watch?v=JEgKRuA_eSw&ob=av3n 603 500] If you enjoy the content at iBankCoin, please follow us on Twitter
The Fly is God.
Welcome back!
I was happy with the turnaround today after being earlier frustrated about not getting in for the rally. Caught a 10% move in TZA calls after the news broke, though only on a small position:
http://blogs.wsj.com/source/2011/09/27/eu-super-bailout-option-slips-away/?mod=google_news_blog
On Jupiter’s stone…indeud.
Back to the old school jamz. Nice.
that guy double-dribbled at the beginning of the video.
+100 for not saying that you had a 360 degree reversal.
I hate it when I hear that shit.
Those people are idiots.
Today’s late reversal must have really lifted a tremendous weight off of your chest.
In fact, i bet that feeling was almost better than actually winning.
Not really. I am 70% cash. While my shorts declined greatly off the highs, the net effect was minimal.
yes but you’ve got to be thinking about taking on more long exposure now, no? and they’ve given you an opportunity to do it.
i think the market is set up to rally pretty hard going into earnings.
Be wary of this signal, the German Bundeswehr changes the color of the Iron Cross from light grey back to black.
“Greece has been saved and Germany now owns all of Europe,” is more like it (than the title).
“Only rich people count, never forgot that.”
Keep Ur head up Fly!
aren’t the standard lines here
(broader world standard line): germany benefits more than anybody else from the Euro because it lowers the value of their currency and gives them greased trading paths for their manufactured products. the rest of the eurozone suffers because they experience stronger currency which hurts their industries relatively and have lost control of moentary/fiscal operations.
standard line (german “slaves”): why do we have to bail out the weak lazy greeks?
In all honesty, I think the broader world line is closer to reality. The Germans benefit at the harm of everyone around them, and now when it comes trouble time… they don’t want to give back any of their gains.
They don’t need to borrow the bailout money, or print new euros, just give the ECB limitless emergency lending power to soverigns at any interest rate they wish.
The Euro will eventually be dissolved, forcibly or by choice, its as flawed as the gold standard and as intrinsically unstable.
http://www.j-bradford-delong.net/Politics/whynotthegoldstandard.html
thats dated 1996, for the record, so pre-crisis, pre gold boom, so its nobody with a side in the recent gold wars. But some of it sounds similar to the current Eurozone situation.
Its insanity for a country to give up the power to create its own currency, and while much loathed, the plain and simple fact of the matter is that autonomous systems with a floating exchange rate work best. The eurozone is doomed, eventually, unless some entitiy inside it begins creating and distributing Euros to fuel growth and keep prices stable and inflation at a targeted low rate.
Good post! You actually get it. Although be warned, your post is likely going to go way over the heads of most of the tards on this site.
Wilmer
Stop being an idiot. This shit is a piece of cake to understand for large brained mammals.
You’re the idiot, idiot.
Wilmer, get off your donkey and chill out.
J, you go too far. I would never ask you to stop fucking your kangaroo.
I disagree with the notion that Germany benefits from Euro, emphatically.
If you take into account the vast slow down of global economies, this will absolutely destroy Germany. In other words, into deep recession/depression, Germany is deciding whether to BUY OUT all of Europe’s debt?
All the exports in the world cannot justify that.
Their banking system will be fucked and the fucking trade war will develop between those barbarians. Watch.
None of the Eurogays can be trusted over anything.
Without it’s Eurozone partners to export to Germany would’ve been sucked into a recessionary void a long time ago.
Also consider that a deutschmark would trade 1.5 to 2 times higher than the current Euro. That would be AWESOME for an export based economy. (No).
Choices.
Deal with set back in exports or die.
Nope.
The only choice the Germans have is the same one we have. Slow death via inflation, quick death via deflationary vortex.
The German elite know this, the populace do not. Hence the disconnect.
Fly
The Germany Reichmark will zoom in value and kill their exports. Lets face facts, The Germans have a big head because they’re exporting all those cars to China. When that goes down the gurgler they will be fucked too.
So the Germans leave the euro and they will end up doing what the Swiss did which is to peg to the southern Euro. That would be hysterical.
They can’t afford to leave as the break up is more expensive than staying.
Oh damn, Wilmer, some poor German citizen would be “forced” into a comfortable, early retirement in France, Spain, or Italy, because their life savings just doubled in value.
Fucking travesty…
And how is the euro an advantage for Germany? Last I checked every fucking Eurozone country trades in the same currency.
Are you suggesting Germany had “cheap” exports to Spain at a 1-1 exchange rate?
I remember last year you during Euro crises part one you and I got into over whether the Germans would go along with the first tranche of bail-out money. You said they wouldn’t, using the same argument you are using now, and were wrong.
The reason you were wrong is what you still do not understand, the German elite are well aware of the advantage the Euro gives them, while the general populace is clueless and is up in arms over it.
What happens now is anyone guess, but unless there is revolution, which is quite possible, the Euro will continue. Too many people in power benefit from it.
Yes… Labor costs in Germany are actually less than those fuckers in Greece for instance.
The south was blowing up a storm.
Would you believe that before the shit storm an equivalent lazy fat Greek was earning 77,000 Euros to a German earning E50,000 .
The other PIIGS weren’t as extreme but they were up there too.
That’s why Germany was/is cheap.
Doing the same job by the way.
Actually they have enjoyed an export subsidy for the past 10 years (courtesy of lazy southerners), and are now presented with the bill.
Which is proving though to settle.
Quit following the money trail. The money trail is misleading.
According to you, the Germans had better exports than their neighbors. Great; who gives a shit.
All those goods begot them some loose slips of paper. Now what does Germany have left? Oh, a huge headache and now maybe they have to give back those slips of paper in exchange for nothing.
German citizens spent the last decade working their asses of for nothing, flooding the rest of Europe with cheap goods. But you’re saying that because maybe 2% of German citizens were consistently employed by exports, whereas before they would have been employed by German social programs anyway, that counts as Germany raping their neighbors?
Imagine your the 90% of Germany that would have been employed anyway. And now you get nothing and your taxes are going up and you don’t even have those goods you made in your own country, all because Greeks are lazy fucks who were retiring before 60.
If I were German, I’d be converting my automotive lines to tank production as we speak…
“German citizens spent the last decade working their asses of for nothing, flooding the rest of Europe with cheap goods.”
No. Germany manufactures the equipment needed for China and Indonesia to produce said “cheap goods.” Get it right next time.
True, glad to see you are coming around to the maybe it’s not right to steal from one group and give to another camp.
This is like our experiment at printing money and then handing it to friends of the Fed – only the banks and friends of the banks benefit. Savers lose everything and spendthrifts get bailed out. Rewarding the exact wrong crooked behavior. The Fed gave trillions to overseas banks (other countries) and bailed out banks here as well.
One thing to note about the bailouts is that they are not bailing out the people of Greece, but foreign banks that invested in the country. More often than not the political and connected class benefited from the investments and then try to get the people to pay for it all with taxes.
I love modern banking, unfortunately we just had no controls on leverage and capital allocation. Printing money has to be limited by some function (population growth is a good idea or 2-3% per year) and capital allocation must be fair or it loses all credibility and fiat crashes. The dollar is our stored labor and should be respected.
The irony is a bailout of Greece is a nice way of saying a bailout of German, French, and ECB banks that made poor decisions in loaning to “PIIGS”.
You sir, have it 100%… CORRECT!
______
Thanks Jake, I’m hoping sometime soon we’ll see a good story on Exeter’s Pyramid on this blog. It looks like we are following this funnel if you look big picture at the asset classes:
http://georgewashington2.blogspot.com/2009/09/greenspan-backs-exeters-theory-of-gold.html
Correct
the rumors of hellenic unsolvency are unfounded.
greece has ample cash and, in fact, is very rich.
greece laughs a lot because it has no worries.
Agree 100% There is one certainty. What the Germans/Europeans are doing cannot work in the longer term. Ditto for the US.
Here’s a great & simple idea that will never be put into place: Let me postulate another idea entirely, Milton Freidman 50 years ago suggested that the right way to deal with poverty is a negative tax. As an example, you have somebody who barely managed to graduate from high school, lousy grades, no job experience, no job skills, how is that person going to get a job? Well, (simple hypothetical example) if an employer is allowed to hire him for a buck an hour, he’ll get a job, but if an employer is required to pay them $8.00 an hour, they won’t.
You wind up with a person basically being told that you’re unemployable now, we unfortunately have to leave you in that situation and that means the American dream is not for you. The other scenario is you say, you know your market clearing price is pretty low right now, it’s a buck an hour. So we’re going to hire you for a buck an hour and we’ll pay you a negative income tax of $7.00 bucks an hour, so you’re making $8.00. Is the employee going to care whether the eight bucks comes from the employer or largely from the government? Of course not. Rob Arnott
This gets people to work & let’s the market decide what gets done.
The negative tax is one of those ideas that would likely be the best thing we could ever do, yet will not ever be implemented. I am simply astounded at how many of my intelligent, well educated acquaintances and friends have never even heard of the neg tax.
In one fell swoop we could provide societal welfare, and eliminate the corrupt tit sucking bureaucracy that normally accompanies it.
I belonged to the Australian Libertarian Party. Their policy is a neg tax.
I like it… but isn’t it just another disguised jobs program? That money has to come from somewhere no?
Or does the employer write it off?
_____
Here jake.
Here’s the LDP policy.
http://www.ldp.org.au/federal/policies/tax.html
how the fuck does the government get the 7 bucks to pay this stupid dude, what ??? you said print more money ???
Forget a buck an hour! Lets just bring slavery back and we can have full employment in an instant!
Actually, I think the providing of food and shelter for such salves would cost more than a buck an hour in this day and age. So what you are proposing would mean businesses value these people even less than slaves.
Germany getting fleeced? For reals? These assholes caused two world wars. They should pay everyone in Europe in perpetuity.
Ex-fucking-sactly See below. We’re thinking alike.
dave … check IFT news and resulting LPHI action per your prior post
http://ibankcoin.com/flyblog/2011/09/25/the-secrets-of-trading-revealed/#comment-243033
IFT news > http://www.palmbeachpost.com/money/fbi-police-raid-boca-raton-financial-firm-1882412.html
Citroen (http://citronresearch.com/) has been on this for a couple of years. LPHI had their own doctors check potential “clients” out. The doctors may have exagerrated mortality. I find the whole business model disgusting.
Apparently, the public is slow on the uptake. They should have been down big yesterday.
lol yeah that policy worked well.
I’m pretty sure trying to make them pay up after the first war is what got them riled up into starting the second one.
I’m also pretty sure that anyone involved in the second World War from Germany is probably dead by now, or near to it.
…and our money printing/deficit spending is different in which way? It is simply passing on debts to the unborn. Sins of the father and all. I hope I made my point in a not so obvious way.
“Imagine if America was forced to buy out (BUY OUT is the operative term) Mexico’s debt?”
Fly, we/you did. Brady bonds remember?THe US wrapped a guarantee around those suckers and reissued them at the discounted rate.
This deal could work if the haircut is 50% and the banks are recapped. That would 1/2 Greeks debt.
You do the same to a much lessor degree for Portugal and Ireland.
I think the other two fuckheads, Spain and Italy can actually survive
Spain’s debt is around 65% of GDP while Italy’s is 130% but their maturity schedule is around 7 years.
Pump up the money supply and you’re off to the races again.
Anyways Germany owes everyone the money, because they killed far too many Euros during the war.
J
I am speaking of buying the debt TODAY, not yesteryear.
The whole argument that Gemany OWES europe forever is rubbish.
Fly
The debt is basically worth zero, because those lazy useless no good fuckers aren’t going to pay interest on E340 billion of debt.
However at 50cents in the Euro, not getting chucked out, having their bank recapped they will and can afford to pay interest on 1/2 of that.
That’s where the deal will be done. It will get done but the Waffen SS is going to demand their pound of flesh. They will have to privatize lots of shit and fire those lazy fucking public sector rats of which there’s 800,000 of them in a country with a population of 11 million.
That’s why Fraulein Merkal was pissed the other week. The slobs have not fired one single public sector worker.
They will and the deal will go through…. I think 🙂
In any event the opposition supports the deal so it will get done, but first they want to embarrass the fat frump. This is all political theater.
I agree J and all America should be returned to the native Americans and all the Australian prisoners descendants should be sent back to Europe with the native peoples owning the land.
Read some history about the true cause of ww ii
I don’t a shit about WW2.
And yes the descendents of the convicts ought to be sent back as a large number of them are beer belly slobs. However the Aboriginals will not get back their land. China will.
Aren’t YOU a descendent of those convicts?
I always thought that’s what made you all such good rugby players… 😉
______
No, Jake. Italian descent.
basically instead of turning left the boat turned right and took the grandparents to Australia instead of Ellis Island. I always thought they got on the wrong boat.
Maybe your ancient ancestor is Marco Polo, and they were trying to find the Spice Passage or something?
______
No they took the wrong boat. I’m pretty sure of that 🙂
I am still skeptical Greece will be saved. German officials leaving plenty of “outs” in statements released. Using words like “Germany is prepared”…yea, prepared IF Greece does this or that. And how about this one…”Germany…to help Greece in any way possible” Depends on what your definition of Possible is. Could get very ugly still.
Yep. And if a deal gets done it will be watered down.
The message will always be positive to “quell markets”.
Just spin IMHO.
And the zombie legions of the Wehrmacht and Totenkopf will rise… Beware of the Furor Teutonicus..
Teutonicus? http://www.youtube.com/watch?v=2K8_jgiNqUc
When Germany tosses up another wall and gets really pissed.. then I’m gonna be worried. Until then.. SHOMP!
I was dead wrong about the markets ending the day near their highs. It`s easy to look like an ass when you make a prediction and things don`t go your way! Although we were up for the day, I was not impressed with selling off half the day`s gains into the close!
At least you didn’t vow to suck your own cock. Look at the bright side.
you sell my data but you bet against me. can’t blame you for losing. yes. you did lose.indeud
Shut up
The PPT has gone Sentient!
The PPT has gone Sentient!
Hide the women and children!
Run for the Hills!
________
THE PPT IS GOD.
I’m sorry, Dave, I’m afraid I can’t do that.
You guys just continue to go round and round, like rats in a maze. Go read Scott Bleier’s blog as he keeps things plain and simple.
who the fuck is Scott Bleier ??? is he the Fly ???
hahahahha
the dude wants me to pay 750 bucks a year, WTF
the Fly is much cheaper …
LOL. Better be careful, kid.
Even if this IS an act, you are soon going to raise the Zombie’s ire.
“Chief Sycophants” is no easily retained title around here, ya know.
______
lolz
So to review!
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.
I Ate Alf For lunch ! !
I think you ARE what you EAT ! ! !
I sold all my longs to-day ! ! !
!
!
I went short and only by the close did I pick up hedge ! !
!
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I am now ! !
20% long !
30 % short !
50% cash !
!
F ! U ! C ! K ! I ! N ! G ! A ! N ! N ! O ! Y ! I ! N ! G ! exclaimaion marks just for ! ! ! F ! U ~! N ! ~~~!!!111oneoneone !
fucking fantastic timing …
If I say I don’t get it, can I get a pass and be excused from the next illiterate circle jerk.
you don’t get no fucking pass just because you don’t get it, go back to fucking school and learn …
Isn’t the EFSF just a mutated form of the Brady plan used to bail out Latin America in the 1980’s?
Greece is probably going to default. The question is how much of a hair-cut the bonds are going to take and what mechanisms are in place for the banks to move the supposed asset off-balance sheet.
The whole point of contention is haircuts. You apply haircuts, every bank needs more capital.
This shit is all politics. It’s all theatre. The cost of bailing out is far more than the cost of restructuring for all of them. They’re all glued at the hip.
The frumpster will cough up in the end.
The way this plays out for us in the media is perhaps one of the greatest shows ever produced for such a massive audience. Theater indeud.
Fly,
You must be flattered it seems by his inane posts that Jose Mann has a Man-Crush on Senor
Fly.
Sir Fly is God and if he is not God, he is THE stud among studs !!!
when the weeping blue swallow feasts upon the smallish worm on a cloudless evening, that is the sign.
This just in from jet-setting Debbie Downer and history’s most-laid economist:
“The EFSF-EIB levered option to create a bazooka-sized LOLR for PIIGS is a SIV on top of an existing SIV. So it is a CDO-squared monster!” – Nouriel Roubini
The Eurozone is going to collapse worse than those stupid Red Sox !!!
Are you referring to this?http://www.businessinsider.com/bbc-trader-alessio-rastani-2011-9
Jose, Leave the Red Sox out of this.
I am glad to see that some of you have brought your A game. Others, not so much so beware.
if the germans are slaves then the young in america are too. i guess when the youth start taking the grandparents out back. our problems will be solved too.
Who gives a fuck if Greece or Italy or Spain “defaults”? Let ’em fuckin’ DEFAULT.
If banks or brokerages or people were dumb enough to have these countries’ debt in their portfolios, FUCK EM. There IS NO DOWNSIDE to default, except if you are a fuckin’ moron.
An excellent argument, but how to distance the majority from the contagion?
That’s right! Fuck ’em. Fuck everybody! Fuck each other! Free love! That’s it. Fuck the NYSE! You got it.
Look what happened when Lehman failed. The risk is unknown.. with CDOs and the like flying around. Big banks can go insolvent instantly.
If it was no big deal.. like you said know one would give a fuck.. but that 300billion is leveraged 70times around the fucking world… thats the whole problem with fractional banking system.. it works great until the bill comes due and no one can pay.
who the fuck give a fuck on anything these countries fucking default, let them go fucking in default and get bailed out by FEMA …
Went max boogie short when dow was up 290, naturally it went against me almost instantly. I only planned on this being a day trade, and punked out with a %1 gain for the day, should have been 6%… I am a pussy,I know damnit!
filling in for alf44 fyi , except I’m not lying about my returns…lol
Personally, I am happy to see the Germans suffer, and nothing could ever change that.
Das ist Jude? haha, I bet you’re the type that won’t drive a benz either…..
actually if I remember my german from college correctly it would be , Du bist Jude?
You got it.
The Euros are no dumber than we are. They are folowing our insane example of bailing out insolvent banks. They need to just let all their banks and all their governments go bankrupt.
Germany maybe has what it takes to stay solvent. I don’t know. But I don’t know how it could deal with not having ability to sell its autos, because the Deutsche Mark would be too high, making their cars too expensive for folks to buy.
Maybe they could drop out of the EU and start buying some other currency with their Deutsche markets to make that currency go up instead.
Deutsche marks I meant to type.
95% of the people on this thread have an IQ less than 50.
96%.
What o you think mine is?
Well, then it’s good that you got rid of the thumbs up/down system. So people can stop worrying about what people with IQs of 40 think about what they just posted.
my IQ was 49 before I start following Sir Fly, now I am sure my IQ is north of 50, thank you Sir Fly …
What is your next move fly?
More longs or shorts?
Eric B. and Rakim, that’s my shit.
And nothing says late 80’s / early 90’s like a UNLV hat.
I was a fiend before I became a teen. I melted microphones like they were cones of ice cream.
Europe Problems= Many
Europe Solutions= Several
Time to Solutions Weeks, Months perhaps
USA Problems Many
Solutions NONE
Time to Solution Never
Senor Fly… If the Germans are slaves to the slacker southern tier companies,
Prey Tell, what is the US to China? Stinkin slave bitches to the tune of 3 trilliones amigo.. Sleep well
Nuff for now
Corrections: Southern tier countries in place of companies, or sovereigns (au courant)
“Pray” in place of “Prey”
Vaya con Bernanke bitches
please bring back the thumb up and down sign, if not, at least bring back the middle finger !!!
Amen MutherFucker.
“A standoff over the financing of FEMA may have been averted, but the next threat of a government shutdown is coming in seven weeks.”
Excerpted from tonites ny times.. When is a govt shutdown of the whole EU coming… can’t happen.. stop breathe think and act. \
OK time for solutions for the US Sluts of America.
Let’s see… 4 more years of Obama
4 years of Romney
Wars… nah there is no money in them anymore
Well, thats about it.
Maybe you can get Jim Rogers to run your shit dump country
Cheer Up.
Xmas around the corner!
Look forward to all those inflatable lawn ornaments you bought from China to put in front of your foreclosed houses. You fuckin clowns
Yeah I know… banned..
Attn Kmart shoppers.. (are they still in bruptcy. Hard to tell who is and who isn’t in USA.. Mercedes not… Saturn… Chrysler.. GM (in then supposedly out) Too exhausted to continue the list.. time for some tequila..
Why would I ban you?
Hmmmmm.
LOL, why wouldn’t you is the real question!
hey che,didnt you know that your national anthem is”attention K-mart shopppers'” the blue light specials are spangled banner for fifteen minutes.
you guys see this?
http://news.yahoo.com/blogs/cutline/bbc-victim-hoax-no-yes-men-154724196.html
Drew from the Big House in Shytown ?
that could be the drew dog shomping on giordanos zaa
Jose Mann why don’t you stop licking the Fly’s scrotum and run some charts or fall in an open sewer?
okay, you can lick my scrotum while I lick Sir Fly’s, hee hee hee
I will put some honey on my baltz, just for you !!!
Sorry,,, my ahole only goes in one direction.. out
mine goes in all directions, a thing of beauty !!!
seriously jose shemann is makin this thread unreadable without a barfbag. ban it.
just read a few posts earlier and you should see who started all these …
I think whoever said this and I quote ‘Jose Mann why don’t you stop licking the Fly’s scrotum and run some charts or fall in an open sewer?’ should be banned, do you agree ???
Liking the new OS/OB algo idea. I’ll try it tomorrow. What I hope is I can see the hybrid score plotted on a daily chart some day.
Check out RC’s blog. He just posted a chart with extreme readings plotted.
Fly. Too many dicks in this stream. Its like Yahoo. Is it always this bad?
This is tame….I have seen it much worse.
Newsagg
This is actually a distinguished crowd.
Sometimes
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it
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gets
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really
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weird
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around
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here
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!
You will find out about Merkel and Germany on Thursday when the vote is cast for emergency EuroZone bailout powers. If she can’t get her own party’s support in order to pass the measure she may find herself out of a job, then watch all hell break loose…
^^^A mushroom of clarity amidst the bullshit-strewn meadow of this thread.
I am a kid with 3000 cash. I made 140 bucks with FXF this year and 350 with DGP in August. That is all I have ever done. What should I do now? I’m holding AGQ right now. This money is for my trading account not staring at so dont tell me to get a CD or a treasury bonds. I already have investments I dont want to buy aapl shares. I have been reading this page for a month now and you guys seem to have balls. Do not dissapoint my impatient immature ass. I dont know shit about the market, I just feel like I do so I play with my money. My Macro 101 professor says I should buy a treasury bond. What does the fly think?
This is high level investing, child. I cannot help you other than to say read daily.
I think you ought to get a membership to the ppt, identify the long term trend, and bet big when the ppt gives you a signal that goes against the trend. For example, I think the market is heading lower in a hurry: so I get puts on FAS when the ppt gives me overbought, and I’ve been ignoring the oversold readings. when the trend changes I’ll invert my strategy. One thing that’s also true is that in this environment, the crappiest stock you can find will rally when the market rallies, and the best stocks plunge when the market plunges. so it’s way more important to identify the overall direction of the market than to focus on stock picking. Read Reminiscences of a Stock Operator and avoid CNBC. this went on longer than I meant for it to so take it or leave it; I don’t want to be preachy.
more: use the TRIX indicator on a weekly chart of the dow to find the long term trend.
Get a job.
get a life brosef, ive got three jobs and im a full time student
LOL, alright, alright. But in all seriousness, it’s tough (not impossible) to trade with that little bit to start with. Go with the cheapest broker you can find. Let’s say you pick a stock and buy $1000 of it. If you are paying $10 per trade, you are already down %2.
Hose A, meet Cap.
Cap, meet Hose A.
(Cap is the dude with the skull cap taking off his shades when Butch Cassidy strolls in with the bunny robe)
http://youtu.be/O_P1OhKUw6I
“If a person studies too much and exhausts his reflective powers, he will be confused, and will not be able to apprehend even that which had been within the power of his apprehension.” -Maimonides
“Never be in a room with a loaded gun, unless you’re holding it.”
Freddy Prince
yea, got that too, hitler lives ..anyway Doctor Fly , what do you make of SHORTING MUB, Municipal Bond fund,,weekly raising wedge . Overbot Neg Diovergance ! MUB
check this:
MUB weekly chart shows negative divergence and a major spank down coming. Also, weekly and daily charts agree with negative divergence across all indicators, the kiss of death. During Fall 2010, Meredith Whitney appeared on 60 Minutes and received a lot of attention for her negative call on muni’s. Note that this did occur into this year but then price reversed moving up since January providing pro-muni analysts the opportunity to use Meredith as a punching bag. Note the blue lines showing the rising wedge, overbot conditions and negative divergence that caused the Fall 2010 spank down.
At the start of this year with the 94 print, the only indicator in the short term that was agreeable to a bounce was the money flow (green line and arrow). The red circles show how lower lows were made by the indicators and price never even got down to the summer 2009 lows; this is nasty and ominous. It simply means there is unfinshed business in the 90’s, even 80’s. 2012 and 2013 will be very interesting.
Looking at the last few months, note the rising wedge, overbot RSI and stochastics, and firm across-the-board negative divergence. It’s over. Support levels are highlighted as price falls. Meredith will be vindicated from here on out and now the punching bag will find it very effortless to punch back for the weeks and months to come. Projection is lower prices, sideways to sideways down, for the months ahead. This is a significant top.
Pit
I sort of don’t like that trade, as people may oddly enough find haven in munis. I’d much rather focus my efforts on distressed companies that might have a hard time raising capital in a tight credit environment.
Like our public VC company?
(and yes, I still own it too)
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they just raised $30 mill. Moreover, they have a 2mill burn. Why would they need to raise more money?
Not all losses are stock losses.
This was a significant loss.
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