Trade accordingly
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Joined Nov 10, 2007
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Indeud
fig Newton.
just shorted 25k shrs IYT 60.89
now short
150k QQQQ 34.98
100K DIA 85.42
25k IYT 60.89
How bout buying some dollars right here.
CAP, that is the good side I already know what you said, the bad side is that the bank just lost REAL money on that deal.
People are acting like there is an invisible non reality of the loss on the banks side of this thing.
YES, people are able to go out and buy a house that was sold in 1998 to owner A for $115,000.00, who sold it to owner B in 2002 for $189,000.00 (and owner A made $74,000.00 profit) and then owner B sold that same house in 2004 for $340,000.00 to owner C and owner B made $151,000.00 profit) and then owner C sold that same house in 2007 for $590,000.00 to dipshit new owner D. Owner C made $250,000.00 profit and now owner D walks away from it and leaves the house with the BANK!!!!!!!!
Now, the BANK is sitting on a empty house that they already cut a check to previous owner C who has that $590,000.00 in their personal account and NOW the bank auctions the house off and high bid only comes to $219,000.00 and it sells.
NOW….. the bank has a REAL loss of $371,000.00 in REAL money, so how is THIS side of the thing supposed to be good?
just because another house was added to the “existing home sales” number, what about the REAL physical money loss to the bank?
Maybe it was all monopoly money in the first place and the real losses don’t mean shit?
that was my question.
Chivas
HO-fucking-HUM.
Maria Bartiromo is a fucking moron.
How about a Bear vs. Bull vote here? Green = Bull Red = Bear.
She just needs a good spanking.
Chivas,
Be careful here. I know it makes perfect sense to be heavily short but there’s no way in quantifying this QE insanity going on and its implications. Maybe micromanage these positions with June calls???
“I can calculate the movement of the stars, but not the madness of men” Joe