Did Media Blow Greek Smoke Up Your Rectum? Is It Time To Short Yet?

[shortie]

Quote from Tsing Tao:

If you're waiting for the Fed or the Government to save the day, I sure hope you're hedged. Because it aint going to happen until things get much, much worse. Not this time.

As for corporate profits - forget about jobs. Two words for you, and one that we (at my company of 22,000 people) are experiencing right now: Margin Compression.

I get that you want to be bullish to the core, and that's fine, but please come up with better reasons that these. Because if that's all you've got, you're in for a nasty surprise.

isn't your company in the toilet paper business? could what you are seeing be specific to your niche?

 

[shortie]

Quote from Locutus:

Does anybody have experience with that sentiment thing at www.finviz.com? I guess it could be good as a contrarian indicator? It's been totally bearish for the past week or so almost all day every day.

i have not seen it before. i clicked on it today and Bull went from 42% to 45% = not many people vote.

p.s. if you mouse over it the poll asks "where S&P will be in the next 5 min"

 

[kashirin]

Quote from Locutus:

Get ready for the Fed and the Government to save the day.

Not to mention the realisation that corporate profits don't correlate very well with jobs in the short run.

how exactly will the save a day?
Money printing?
I understand you're bullish but don't say a BS

Brent is 120 and up more than 10% from lows.
Despite WTI is under 120 a lot of gasoline prices are based on brent

start money printing and see brent at 150 in a week

there won't be QE3 unless brent is under 90

 

[tradingjournals]

Quote from shortie:


p.s. if you mouse over it the poll asks "where S&P will be in the next 5 min"

I wonder if Loctus's reading of those polls had anything to do with his frequent switching of sides from bull to bear, and vice versa.

 

[tradingjournals]

Quote from Locutus:



And @tradingjournals: No, government propping up the economy does not add any downside.

You did not get the point: it is not about what they would do, it is about what caused them to say they would do what they say they would do.

Do you wear a thick helmet?

 

[Locutus]

Quote from tradingjournals:

You did not get the point: it is not about what they would do, it is about what caused them to say they would do what they say they would do.

Do you wear a thick helmet?

You're so obnoxious I have to put you on ignore.

To answer your point, the bad stuff was already known and the government intervention is really an unknown. It certainly can't be a negative going forward.

To answer about the gvmt creating jobs etc: I think you are confusing monetary with fiscal policy. Monetary policy (what the Fed does and by the way the Fed is not the government so I don't know how you could've thought I was implying QE3, because I am not) can't create jobs, however fiscal policy can and has in the past created jobs. Just look at Roosevelt's new deal thing for example. The government can just say "Go dig a hole and we'll pay you (with money the Fed has freshly printed)". This would create jobs and increase the deficit, which is really what needs to be done. If we are lucky, although this isn't at all necessary, the projects done will also increase future GDP in ways other than the employment, for example infrastructure, which is exactly what Obama has hinted at today. The government has been far too soft passive in its policy because of silly pro-cyclical republicans (tax cuts when everything is going well and budget cuts when the economy is down in the dumps...how much worse can a policy get really?).

It's not like this is the first report that's been pretty horrible. ALl of them since January have been pretty god awful and there hasn't been any job creation for the whole of 2011. The government *has* to be the job creator of last resort until we are back on track again.

 

[kashirin]

Quote from Locutus:

You're so obnoxious I have to put you on ignore.

To answer your point, the bad stuff was already known and the government intervention is really an unknown. It certainly can't be a negative going forward.

To answer about the gvmt creating jobs etc: I think you are confusing monetary with fiscal policy. Monetary policy (what the Fed does and by the way the Fed is not the government so I don't know how you could've thought I was implying QE3, because I am not) can't create jobs, however fiscal policy can and has in the past created jobs. Just look at Roosevelt's new deal thing for example. The government can just say "Go dig a hole and we'll pay you (with money the Fed has freshly printed)". This would create jobs and increase the deficit, which is really what needs to be done. If we are lucky, although this isn't at all necessary, the projects done will also increase future GDP in ways other than the employment, for example infrastructure, which is exactly what Obama has hinted at today. The government has been far too soft passive in its policy because of silly pro-cyclical republicans (tax cuts when everything is going well and budget cuts when the economy is down in the dumps...how much worse can a policy get really?).

It's not like this is the first report that's been pretty horrible. ALl of them since January have been pretty god awful and there hasn't been any job creation for the whole of 2011. The government *has* to be the job creator of last resort until we are back on track again.

man what do you smoke?

the last thing we need to do is government to create jobs
They are stimulating for 3 years. Average job cost 300k
Deficit can not be increased any more. Dollar devaluation will change this country forever
Money printing hurts middle class
there will be riots within a year if government does what you suggest


What must be done is default on foreign debt and tariffs on import and not money printing
Force apple to produce Ipads here, force samsung produce their TV here

digging hole with fresh printed money. what a genius.

 

[Locutus]

Quote from kashirin:

man what do you smoke?

the last thing we need to do is government to create jobs
They are stimulating for 3 years. Average job cost 300k
Deficit can not be increased any more. Dollar devaluation will change this country forever
Money printing hurts middle class
there will be riots within a year if government does what you suggest


What must be done is default on foreign debt and tariffs on import and not money printing
Force apple to produce Ipads here, force samsung produce their TV here

digging hole with fresh printed money. what a genius.

Deficits aren't the problem, the problem is low growth. If more deficits leads to more growth then it's totally worth it.

Other than that, your countrymen should be thankful you are not in charge because I reckon none of them would really enjoy living in a third world country.

 

[kashirin]

Quote from Locutus:

Deficits aren't the problem, the problem is low growth. If more deficits leads to more growth then it's totally worth it.

Other than that, your countrymen should be thankful you are not in charge because I reckon none of them would really enjoy living in a third world country.

Higher deficits don't lead to more growth
I think even Bernanke understands that now

I understand you're deep in the red today
but BS you produce just astounding
are you Krugman by the chance?

take your losses and relax or more pain on the way

 

[christhetrader]

the the euro is TO STRONG TO FAIL as the uk, France Germany and the Netherlands control the EMU monetary policy

however Greece, Portugal, irland and Spain economies are not only responsible for their own problems, but why should they be in the EMU?

practical solutions = divorce because the monetary and fiscal policys don't work for both, bailouts will just prolong things its a waste of money, more debt makes no sense, no more forced austerity measures restructure the euro zone

KILL GREECE they must defult

LONG LIVE THE EURO safe stronger and better without the parasites

doomsday get ready for the end game a messy global financial crisis lol