8800 dow wow Where is the Floor

Quote from myoffices:

Its portfolio dressing time on Monday as the best funds go into 2009 with quality names. Its also a major Jewish holiday. The market will have to step up its push. If you are short then its time to cover. I know what I know and its time for big money to make money. These banks will not go out of business since the bigger banks will gobble up the losers.

The foreign markets will invest in America when the dust clears. I am calling for a range of 7700 on the low side and 12000 by next year. The downside is worth the risk. If you trade this is a good time to be in and out by the end of the day.

Isn't this what we wish for?
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Okay maybe I was a bit agressive Im going to expand these levels to 12000 for 2010. I think we test 9000 this year again then rise to 12,000. If credit is not released soon there won't be any credit worthy people left.
 
Quote from myoffices:

Okay maybe I was a bit agressive Im going to expand these levels to 12000 for 2010. I think we test 9000 this year again then rise to 12,000. If credit is not released soon there won't be any credit worthy people left.
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Credit, and if they release credit and start making these loans what's going to become of this economy. Throwing credit to people isn't going to do a damn thing but create more problems. Why would anyone want to open up a storefront selling flowers, shoes, food or any other small business at this very second. There is absolutely no demand for these type of services or products, take a look around your area and take notice of all the empty storefronts, near me there is plenty of space available, what makes you think that if they can get a loan and open up a business that they will become successful in this economy. Take a look at people filing for bankruptcy, millions upon millions these last few years. The flow of credit will prove nothing at this point.
 
Quote from S2007S:

Credit, and if they release credit and start making these loans what's going to become of this economy. Throwing credit to people isn't going to do a damn thing but create more problems. Why would anyone want to open up a storefront selling flowers, shoes, food or any other small business at this very second. There is absolutely no demand for these type of services or products, take a look around your area and take notice of all the empty storefronts, near me there is plenty of space available, what makes you think that if they can get a loan and open up a business that they will become successful in this economy. Take a look at people filing for bankruptcy, millions upon millions these last few years. The flow of credit will prove nothing at this point.
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If you have 30 thousand dollars to open a biz and you can leverage 100,000 and make payments then you can afford to make revenue. OPM Other People's Money is the way many businesses thrive. If you take away capital access you take away confidence. The storefronts you see that are empty were once filled in the prosperous economy. In 1990 We were right where we are now. In 17 years from now we may be back but in this time frame we rode the rollercoaster up and down. BIZ 101 always use OPM when available. Its called ROI. If you are a trader then you must understand that Margin is a loan.
 
Quote from myoffices:

If you have 30 thousand dollars to open a biz and you can leverage 100,000 and make payments then you can afford to make revenue. OPM Other People's Money is the way many businesses thrive. If you take away capital access you take away confidence. The storefronts you see that are empty were once filled in the prosperous economy. In 1990 We were right where we are now. In 17 years from now we may be back but in this time frame we rode the rollercoaster up and down. BIZ 101 always use OPM when available. Its called ROI. If you are a trader then you must understand that Margin is a loan.
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Prosperous economy? You mean the inflated asset bubble economy. The last 2 decades have been filled with nothing but bubbles. The same is happening now, liquidity is driving up prices of commodities and creating a false sense of what many think to be a thriving economy.
 
Quote from S2007S:The last 2 decades have been filled with nothing but bubbles.
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Boom and bust periods and incredible bubbles and depressions all over the world are part of economic history of the last 250 years, IMO they are not unique to the last two decades.

Quote from S2007S:The same is happening now, liquidity is driving up prices
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Just remember to trade it long on the way up and short on the way down, not the other way around :cool:
 
Quote from makloda:

Boom and bust periods and incredible bubbles and depressions all over the world are part of economic history of the last 250 years, IMO they are not unique to the last two decades.


Just remember to trade it long on the way up and short on the way down, not the other way around :cool:
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Im sure they are not unique, however trying a million different ways to keep the economy on its feet is certainly unique in the way that they cannot let a true downfall in the economy take its natural course. There is always too much intervention involved.
 
Quote from S2007S:

Im sure they are not unique, however trying a million different ways to keep the economy on its feet is certainly unique in the way that they cannot let a true downfall in the economy take its natural course. There is always too much intervention involved.
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So you are suggesting the world just stands by and watches as Great Depression 2 happens?
 
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