Anyone can add a bunch of gibberish and annotate a chart, after the fact and make it sound like it was easy to see.
The fact that Al Brooks is writing books and selling courses, is enough evidence for me that he can't actually trade it profitably in real time however.
Oh I don't disagree. I happen to think the odds are better that it ends badly than not.
I am fairly well hedged and do hold a wide range of asset classes, with plenty of inflation protection in mind.
I don't hold a lot of cash in my personal bank accounts, but our business does hold a lot...
Yes, the money is long gone.
Fortunately for now at least, there doesn't seem to be a lot of inflation ramifications so printing seems to be working, here in the US at least.
I can't see that working forever, as if it sounds too good to be true, it usually is.
Maybe while we still...
This is nothing new and has gone on from the time that hotels, motels, inns etc have existed.
It also occurs in other countries, so let's not pretend that this is something that Obama caused, even though I'm no fan of him.
Take a look at a CPI adjusted chart of the S&P. It's brutal. The market has went almost straight up for the last four years and Bubble Ben still can't print our way to real highs, only nominal.
There is plenty of gray area between massive inflation and institutional collapse and a Mad-Max style Armageddon.
If you're holding gold and/or worried about inflation and currency collapse, it couldn't hurt to hold some physical.
With that said, I am pretty much a paper gold type of guy...
Please. You buy and sell stuff with the intention of profiting off of the market. A bank lends and invests money with the intention of profiting. Both operate within the confines of the law. How are you superior?
I'm sure you believe the Fed is the root of all evil and the world was perfect...
I'm not sure what a "real trader" is, but let's not act like a "real trader" is any different than a banker or a real estate developer, or a business owner/investor. All take positions and try to profit from them.
You're the pot calling the kettle black.
The corrupt assholes that set fiscal policy.
The bankers are just doing what they do.... profit seeking.
The political class is the issue. But ultimately they just answer to the voters, and the voters want free stuff which they don't want to pay for via taxes.
Good grief, 70% of their workforce works in the financial sector? Shame on the entire country and EU for letting them get into this mess. That is retarded.
This is true, but it's a nice, slow drip. Instead of rioting in the streets, people are lining up for free Obama phones and "free" health care, not having a clue that they are the ones that are paying for it regardless.
ETF charts are no different than futures charts. They give a visual representation of where price has been over a given time frame.
Obviously different asset classes and indices have their own individual styles, but the charts of SPY, ES, and the SPX all move identically.