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The tendency of markets is to go up, not down.

If people didn't consume, most everyone would be broke and unemployed. Consumption is at the root of a successful capitalistic economic model.

Because they want to catch the top or bottom, make the max profit, and pat themselves on their psychological back for catching the CIT. It's good to have these people. They're the ones who fill my order.

So long as you have 10 other guys busting their ass off to subsidize your lazy ass:D

I agree with you 100%. I'm fresh to economics and have asked myself and a lot of other "experts" that question a lot of times when going over the system that we currently have. It seems that the economic model we have going right now is simply ineffective. If the goal of this...

Great call, joe! Obvious question. How do you know where/when the market is going to turn? Tools, intuition, methods? No need to disclose if you don't want to.

i ahree

LMAO. If a Russian pundit predicts dire future for the United States, it's a good indicator that Russia is more likely to follow that scenario. It's simply a way to keep the Russians in check, and create illusion for them that not only Russia is fucked up. Remember how just two years ago...

Why not move with them?

forget about stochastics and indicators. they don't mean jack in terms of market timing. forget about market timing too, the days of prophets was over 2 millenia ago. the only indicator worth its salt is TRIX, a momentum indi, even so use it conservatively. trade price action. trendline...

Nothing against joe. I failed several times over the course of my 1.5 year trading career. Learned from my mistakes, and decided not to play prophet anymore. I do not enter at exact tops or bottoms, but pretty close to them. Anything later than that is too late; gotta have that balance. But...

Isn't it the other way around? Stocks lead economy.

Don't you feel 1 point is too tight? Unless you're Nostradamus, picking tops and bottoms is not a profitable business. It's best to go with the flow. JMHO.

That's true, and not only with small businesses. They're trying to brace for tough times by saving cash. Workers get squeezed, but at the same time they're thankful they ain't the one to get the boot. My sister used to work 8 hours a day, now they flood her understaffed dept with 12-14 hours...

But then banks suffer?

No shit? The markets have an upward bias since March 2009. So you go long and the market goes down? lol

Dude get the fuck off my thread. I trade forex and options. If you have a way to get around HFT manipulation then post it, otherwise shut the fuck up.

Thanks Wallace.

intradaybill and Mike, please stop fighting. Who cares who started? I'm really interested in this thread and every second post has nothing to do with the topic. I've read here a lot about random conditions, previous day's close etc, etc. Where can I learn these concepts and how Mike...