You can stop shorting stocks now. You’d be all the wiser for it.
A weaker economy means the Fed will slow down the tapering. I realize many of you insist to believe the economy is doomed and unsustainable, and all of the other things taught at Tea Party rallies, by people with junior high school reading credentials. But here is what is really going on, unvarnished and without subjectivity.
The stock market is the economy, literally.
During the crisis of 2008-2009, the government learned that if the stock market goes, so does the country.
The Fed will support the economy, through the stock market forever.
The Fed would appreciate it if the bond market could function without them. Hence, they are ‘tapering.’
If, by chance, the stock market should go down more than 5% in a short period of time, the Fed will pay attention.
If, by chance, the stock market should go down more than 10% in a short period of time, the Fed will intervene.
There you have it. Taper or no taper: the Fed is the buyer of last resort, the proverbial bid in this market, forever. Arguing against these facts and taking long term bearish positions is a waste of time, since you and I both know that the game is rigged. The most dangerous games to play are the ones that are unfair. If you insist on playing it, you could at least side with the rig-er and not the rigee.
I was up 0.82% today.
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Ferst !!!
no doubt in part to the 10% plus move in TEDU- thank you for the idea. I shall now acquire a new wheel chair
Oh wow TEDU DID go up 14%, I own it and didn’t notice that haha.
I think he sold it earlier to lock in gains.
thrice
This comment is for previous post about interest rates.
Dr Fly types posts faster than I type sentences…lol
I wonder why everybody talking about rising rates? Rising??? My new car has 0% interest!
That’s Zero, point Zero
Nobody checked my income (I have none – as 1st year self-employed), nor bank statement, not even a deposit. All I have – a pulse and shitty attitude…
I will be buying a house at 0% sometime during my lifetime…
Sure, why not… car at no interest would sound ridiculous just a few years ago…
what’s a few hundred g’s between friends…
Stagflation at its best.
Q – How does a finance department survive when they lend at 0%?
A – They don’t.
kickbacks
How does auto dealership sells cars at invoice?
Plus
what, you never had a card with teaser rate, only to go to 15% if you forgot to wash your hands?
C’mon, I am not an evil genius with all the answers… I’m just a little smelly fruit…
I’m old. Anytime I’ve seen the 0.0% interest rates for anything, a meltdown was around the corner.
trickle down economics!
“It is not wise to be short in a bull market.” – Jesse Livermore (the real one)
I followed you into LEJU. Looks like a potential home run stock.
dipping my toe in some IRE here.
I like that one too. I saw that Ross sold out of his stake completely. Does that matter?
That may be part of the reason it has come in so much, but I don’t really concern myself with why a stock is doing what it does. I just let price action dictate whether I buy or sell.
“16. It is not good to be too curious about all the reasons behind price movements.”
http://joefahmy.com/2014/06/23/jesse-livermores-trading-rules-written-1940/
All of yesterday’s losses are back. Nice.
I just found out that my new section 8 apartment rent is going to save me big courtesy of the government, including all utilities plus food stamps on the side. Considering my CD LADDER is averaging only 1.7% due to same government, others are going to have to “leverage” like this in the “New Normal”. God bless Big “Brother” Government.
Fly, will you please ban all these idiots who want to talk politics on here? If you don’t nip this in the bud pretty soon you’ll have every jagoff Tea Party idiot posting their conspiracy theories about Obama being a communist muslim.
+1
Gentlemen should never lower themselves to partake in the act of politics, let alone ever discussing it.
Fly, will you please ban all these idiots who want to suck Obama’s communist muslim wang?
I can’t see LEJU doing much if SFUN can’t get off the deck. Of course I may be wrong. We’ll see.
Take a look at LPSN. It finished above it’s 50 day SMA average of $9.74. I got in before close at $9.84. If it can break through $10.03, this will be a nice winner.
LPSN chart starting to look bullish. thx, its going on the watch list.
A lot of what I am reading points to good things to come for DVCR… Thoughts???
That list is what should be printed out to remind you ever day… buy the dip.
“The stock market is the economy”, lots of love. The middle class loves to hear that, since they just happen to own to much RE and equities. Mas trabajo, muy rapido. Pinche Loco!
^so .. damn it!
Jesse my understanding is leju is Web 2.0 while sfun is 1.0. That’s why zillow partnered with them. Also ten cent has 16% of shares and ej has 76%. Presumably another 5% for institutions which means hardly any float…maybe 4%? Could easily triple
where is the quote from?
CJES bought out.
Fergive me on a tangent ‘ere Cap’n, but EPMD – “Business As Usual” (1990), was the REAL DEAL back when rap was still rap. R Ross is not worthy. Arrr.
Stock Market is the last and only policy tool left.
+1
LEJU up swimmingly
Part of a cabal?
Takeover of the dark pools?
Considering an early AM attempt of a take down of gold, the stocks themselves look AOK as does silver.
This could be the real deal after a couple of years of declines.
Careful. or you’ll see another 20% taken from your account? ninth inning, easy money is gone.
Frank Underwood types a much better choice than any of those tea party people.
anyone else thinking of shorting GoPro today? IPO price of $24, and opening price of $29.26, and it’s up 33% from it’s IPO price.