broker friend says get long again!!!

I'm willing to hold thru any nasties on September 11th. I'm absolutely sure his recommendation is going to pay off.
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permabull,

If your so sure, why are you posting? It appears to me you need someone to agree with you.
 
I think Permabull is pulling the wool... for three reasons:

1) My broker told me...;

2) I'm willing to hold thru {anything}...;

3) I'm absolutely sure his reco is going to pay off.

Yeah right....

Besides that, who has a futures broker anymore?

:)
 
Positive expectancy is not in your broker's favor: since the mid-80s, there have been 10 down days after the Labor Day Holiday. In 8 cases, the market was down an average 4% two weeks later. In 2 cases it was up two weeks later-1% average.

Time to move some refrigerators.....
 
my broker told me to go long and i will......

hahahahahhahahahha- listening to a "broke" r....if those guys were any good they would be involved in trading or a hedge fund- they are nothing more than salesmen that prey on naive investors and can talk a good game- lets see some broker records- see if they compare to a good traders- i would bet not..
 
Anymore, brokers are professional money-gatherers. Nothing more. With the advent of commision-free trading secondary to an annual managment fee, there is no incentive for a broker to churn the acount like the old days. It behooves the broker to NOT trade the account and risk his clients' capital.
 
Originally posted by permabull
My broker friend says it's time to get long the nasdaq futures again. He says hold until we breakthru last months rally at least if not higher.

so, I'm buying futures again right now.

any thoughts :)
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lol
 
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