The news isn’t relevant now because it’s all rumor milling. The Fed is either going to initiate QE 3 or not. The gentlemen at Goldman, in a research note published today, put QE3 at a 75% probability. I tend to agree with them, but nothing is guaranteed.
Ideally, the central banksters should stop reflating and let the market clear. But to trade based upon that thesis is pure fantasy. Moreover, if you are relying upon governments to do nothing to make your shorts work, you are not qualified to invest on behalf of other people or yourself. Don’t you know they’re embedded? There is no turning back, once you’ve invested trillions in an ideology.
I’ve been doing this shit a long time, okay. Back in late 2007, I remember looking at massive losses in my shorts. I expected a banking collapse and positioned to benefit from such an event. Stubbornly, the market kept marching higher in late 2007, much to my bewilderment and chagrin. But I remained as cool as a cucumber, knowing my position was logical and most likely to be a winner. As soon as 2008 came, stocks dove, full retard style, turning my losses into monster wins. During that period, 75% of my trades were short sales, based upon free markets having to clear unprecedented losses.
Do you know why I am not short now and why it’s different today?
Answer: markets are not free.
32 Responses to Freedom is Anarchy
someone just send you a K.Lamar mixtape or something?
I just discovered him
“Ignorance is bliss” is one of my favs
section 80 is the mixtape yo, but i’m not feelin errthang of it. too much hype really, can’t imagine lamar without dre.
I have seen that the squid expects QE3….but at what point will it be viewed as manipulating the coronation?….er I meant election
Never bet against the Fed.
I heard Marty Zweig say this on PBS in the 80′s on Wall Street Week. This is a fundamental truth!
i dont even want to get in hedged
which is smart any way
It seems that we “Americans” are no longer “FREE”. I wish “they” would either let the markets adjust and those that fail become history, OR announce that they have taken over the world and we will have QE forever. I’m sick of this middle ground drama!
QE 3 is coming. But I don’t think its going to be in the traditional sense of QE. Mr. Bernanke has something special in store for the world markets.
He pretty much has to do something special, doesn’t he? If it’s just one more round of QE, which almost certainly would be the last, the impact on the market would likely be lesser and shorter lived than even the two previous ones have been.
Can’t take this crap anymore. I don’t care if they kick the can and stiff the fuck out of my Bubby( Sorry but my insatiable greed is greater than your need for corn beef and lox) with no social security. I WANT A RALLY OF EPIC PROPORTIONS
Fly, those TNA calls are getting pummeled.
I agree, this is HORSESHIT. After today, I’m up a little bit from my full retard “all in” move. I don’t even give a shit. I have a brutal cold, my nose is redder than you ZH clowns’ accounts. Who gets a fucking cold in the summer?
It’s a new epidemic. Symptoms include being a complete pussy, ruining the lives of others, and not having confidence in anything.
It’s called the Bear Flu and its shitting all over the Avian flu as its new contender.
I understand what you are saying, and it makes sense, but it seems these latest central bank moves aren’t giving you the same “bang for your buck”. Scott Bleier wrote about this recently and El-Erian of PIMCO posted something similar last night.
You mentioned liking FAST during its great run-up but no mention of it lately as it goes down and tries to bottom here. I also like Zillow, today’s dip toward $30 was nicely bought. IDK, it feels like I should be playing defense but there also seem to be some decent buys out there. Cramer disliked MO at $27 and it’s gone up $5 since then.
I totally agree with you. Last option is now here, print more money in Europe and US.
Keep in mind, the next round of QE is rumored at being a “weaker” one – $500 Bill, what do they hope to accomplish? Boost stock prices? Instill confidence? It sure has hell won’t do anything to affect unemployment.
Hey Fly, all the zombies in my neighborhood are attacking all the vampires – what to do? They are really killing them too – what a bloody mess.
It is the merit of a general to impart good news, and to conceal the truth.
Are you unable to further Knight as you appear to be without Kingdom?
Upon the finest papyrus scrolls,
Fed will re-flate as necessary to avoid deflationary spiral. All those digitized dollars will be future inflation once the economy gets rolling; bankers lending, builders building, borrowers borrowing. But that’s years off from now.
Not worried about capital controls?
@acehood – This Kendrick isn’t on a mixtape, it will b eon the upcoming album.
Its pathetic the way the Bulltards had 6 months of daily levitation and still want more. Where’s the risk in investing if red days are to be outlawed. Only bankers to get baild out to hell with everyone else. This ain’t ‘Free Markets’ its an corporate-wall street-oligopoly.
Your ideologies are old hat.
How can they make you money?
I want to win every single day. You want to pat yourself on the back for a week after one win – _that_ is pathetic.
YELP doing well today – nice.
there wont be a QE3 markets are way to frothy for that ….reason the markets wont go higher ..well its called the top….you wall st.boys can not full the man,all he has to do is hint and money pours right into the market..doesnt seem like there is a need
Everyone loses period! Don’t expect a Mkt to return 5x bond yields. Deflation is here.