Recent content by BabyDrew

Good investments in the '70's....how about computers, chips, software, pc's?

Pfft, Michigan, Montana, Arizona....Good riddance. Oklahoma can stay but only because I was born there...let's fight to keep Hawaii and New Hampshire. I don't care what Missouri and Washington do; they're welcome to stay if they'd like.

Market makers....

Yup...just look at the Roman Empire. Oh wait a minute, Rome collapsed from the inside. A strong military doesn't mean anything. Power comes through trade and the US is ridiculously dependent on foreign countries. If you cut the lifeline, the strongest of giants will fall.

The only strategy that works is to buy at the bottom and sell at the top...... ......or sell at the top and buy at the bottom.

Um...any buy and hold strategy is profitable over the last 25 years. Anything you bought in the 80's was golden. Isn't that the way bubbles work?

Majority of the growth in the last 20 years is mostly fake. Manufacturing, production, agriculture, and exports shrink yet we're supposed to believe the GDP grows...how stupid is that? The only thing that has grown since 1975 is debt and financial vehicles to market debt.

Absolutely, I agree 100%. But market efficiency should not be considered when calculating GDP. Service sector jobs help by increasing the rate at which GDP grows...for example a plumber fixing a pipe will grow GDP by maintaining the pipe's high value...but he never actually produced any...

Is there an index anywhere that measures P/E ratios with equities in varying sectors? I've been trying to find one with no luck.

I don't think 2,000,000 service based jobs contribute anything to GDP in the first place. Shuffling money around does nothing for GDP. Only productive jobs contribute to GDP...that's precisely the reason why government ditch digging does nothing.

I don't see any difference between essential and non-essential commodities. There is a point with ALL commodities that people will stop paying. Overcharge for food and water and you'll see gardens and wells popping out of the ground. $100 jeans, cable TV, and other non-essentials have been in...

Ditto on babypips...Also get over to FXCM and start a practice account as soon as you can. It's free, there's no time limit and you can download the platform. If you go bust, start another one.

This is my favorite http://market-ticker.denninger.net/ Not really a daytrading blog but very informative nonetheless.

Demand: If you can explain where this comes from, then you'll be a rich man. Demand just happens on its own based on whatever people happen to want at any given time. It doesn't have anything to do with whether or not people have the means to acquire this object...only that people want it...