Quote from TGregg:
The Fed Chairman is a political appointment. Any loser that thinks The One is not acting like every previous POTUS by tapping his shoulder and nodding is being silly, Benjie's gonna toe the line like all the rest, he would never have been appointed elsewise.
Duh.
QE3 baby. Not called that of course, but we're getting it. Make no mistake. And I am a huge bear.
Of course you are a huge bear. This site is full of cynical bearish people who couldn't call a market if their life depended on it.
The lack of proper moderation on this site is one reason why we have idiots like GrandSuperCycle spamming the boards with absolute crap.
Today's US markets are CHEAP on a valuation basis. It used to be well known that earnings drive markets. Since late 2008, there are a lot of newbies who simply think the markets should go down because the US economy is weaker. Of course not though. Multinationals are making record profits and anyone who wishes to invest in them should be rewarded when their companies make money.
I think unless some of you guys smarten up and improve the quality of this site its done for. When the S&P 500 was 1040, 90% of the posts on here were idiots calling for a correction, and being absolutely belligerant and rude to anyone who dared remind them we were in a bull market with rising earnings.
Is this a trading site at all anymore, or are you trying to drive away every serious trader from ever wanting to participate ?
Let me illustrate. We have no QE in Canada. None. Haven't had any since late 2009, and even then it was only to help bail out US deadbeats like Chrysler to appease the US. So how is our QE-less market doing ? Just fine. Yet on this site, we have to hear all this nonstop bs about how QE is propping up all markets. Bullshit. It's not. Try to be logical and rational for a second and ask yourself why Canada has strong markets ( here's a clue - China needs a lot of stuff, growth rate is between 7-11% ).
Yes, the US has problems, but its time to grow up and understand the world you live in. Look beyond your borders, and cut the hysteria. It won't solve anything, and it certainly won't make you better traders.