Crash is Upon Us

Quote from stock_trad3r:

SO WHERE IS THE CRASH?

HMMMMMMMMMMMMMMMMMMMMMMMMMMM???


Oh wait..there is no crash.

If you are short and didnt cover last week when the nas surged 3.5% consider covering this week becasue the nasdaq will go up another 4% or so and you will continue to loe money as you get squeezed.

There is NO bad news..nada no reason to keep selling.

Fed may raise rates by. another .25 AT MOST. But thats it.

Mid eastisreal lebanon situation doesnt afect Ameirca. No biggie.

Oil will keep going lower probablto 65 again. w3rd.

And the nasdaq will rebound to 2300 again in a few months. If your shortyour toast. Bffft.
More...

You're 1 stupid fvck, you know that? Lol

Our short positions earned up 5.18% on average this month...w000t short.
 
Basing one's trading on the logical fallacy of "appeal to authority" is IMHO a surefire way to lose BIG.


Doubly so for a newby.

Don't throw risk mgmt out the window.
 
at the very least you have impressive conviction.

the stock market usually leads the economy by 9 months. since the average bear market is 9 months, one can see why they would not be correlated.

btw, if such outstanding economists are so sure, why is it only traders can interpret it to make money and not the economists as well?

Quote from BrandNewTrader:

LOL. You're asking ME if what I said was a joke? There is a coming recession, as a trader you can exploit this knowledge to initiate a relatively cheap trade that will become more and more expensive once reality begins to set in, and impossible once people begin taking action and/or sht hits the fan.

"Markets and economies are not always correlated..." HMMM... Maybe during brief transitional periods when they decouple? Or under extraordinary circumstances, such as conflict, famine, disease, outside intervention, etc... I'm no guru but that statement just stinks of "i'm stretching here". Care to elaborate on why you think this is?

Actually, let's face it. That was a stupid thing to say. Of course they are not ALWAYS correlated, much in the same way a birth control pill doesn't ALWAYS work, but it does the other 99.9% of the time... =(
More...
 
Quote from Prevail:

the stock market usually leads the economy by 9 months. since the average bear market is 9 months, one can see why they would not be correlated.

btw, if such outstanding economists are so sure, why is it only traders can interpret it to make money and not the economists as well?
More...

Agreed on both counts.
 
Quote from BrandNewTrader:

Of course they are not ALWAYS correlated, much in the same way a birth control pill doesn't ALWAYS work, but it does the other 99.9% of the time... =(
More...

WRONG.
 
We'll just have to wait and see. It shouldn't be long now...

And I'm not simply deferring to authority. I've read alot of research and alot of diff people have diff views of the market. To me, Roubini's is the most sound b/c it deals with hard numbers and past precedents, rather than wishful thinking and a personification of variables (i.e. "resilient economy, optimistic consumers, etc). It makes the most sense to me, so naturally I will follow it rather than others.

Goodluck to you during the recession.
 
You must log in or register to reply here.
Back
Top