Does anyone plan for Doomsday?

[TOM134]

TimeCorrosion,

Here's what is going to happen:

".....What is the dollar cost of these misadventures? Joseph Stiglitz, Nobel-prize winner in economics, estimates a total cost to-date of Iraq II alone at about $2 trillion - includes ongoing veterans benefits, equipment repair, etc. Meanwhile, the U.S. is trying to militarize space - further adding to our military expenditures and indebtedness.

Finally, Johnson sees our military costs eventually bankrupting the U.S. (if our escalating trade deficit doesn't first), aka Rome.

Unfortunately, it all makes sense to me."

You must read:

Nemesis: The Last Days of the American Republic:

http://www.amazon.com/s/ref=nb_ss_g...s&Go.x=5&Go.y=9

Our $ will be worthless in a very short time!

NO ESCAPE.

Tom

 

[vetten]

Quote from Chuck Krug:

A market order in a crash?
You´ll get a horrible fill.

maybe - maybe not
at first people dont realise its a crash, but just a down turn
and I reckon I`ll be filled before the shit really hits the fan
especially if "IT" happens at night and the US is asleep.

but if you have a better idea chuck?

 

[vetten]

Quote from ProfLogic:

Damn I love your posts but be careful. Traders don't like being cursed at and explaining the common sense of price movement to most traders is like calling their mothers something despicable.

I think its just plain bragging.
Nobody knows what will happen a few days/weeks before a crash. You might be long for all you know and lose your shirt

we`ll just see if you`re among the survivors!

 

[vetten]

Quote from TOM134:

TimeCorrosion,

Here's what is going to happen:

".....What is the dollar cost of these misadventures? Joseph Stiglitz, Nobel-prize winner in economics, estimates a total cost to-date of Iraq II alone at about $2 trillion - includes ongoing veterans benefits, equipment repair, etc. Meanwhile, the U.S. is trying to militarize space - further adding to our military expenditures and indebtedness.

Finally, Johnson sees our military costs eventually bankrupting the U.S. (if our escalating trade deficit doesn't first), aka Rome.

Unfortunately, it all makes sense to me."

You must read:

Nemesis: The Last Days of the American Republic:

http://www.amazon.com/s/ref=nb_ss_g...s&Go.x=5&Go.y=9

Our $ will be worthless in a very short time!

NO ESCAPE.

Tom

and to think that the war started to make the corrupt richer

 

[Chuck Krug]

Quote from vetten:

maybe - maybe not
at first people dont realise its a crash, but just a down turn
and I reckon I`ll be filled before the shit really hits the fan
especially if "IT" happens at night and the US is asleep.

but if you have a better idea chuck?

a)don´t hold overnight for example
b)use a small account to hold overnight
c)for longerterm or retirement account: keep a good amount in cash and add stocks in a crash

 

[vetten]

thanks chuck for your contribution.

I`m an EOD penny trader so a and b are not feasible; my trades last from 1 day to several months and often fully invested.

c. is not very attractive either.
I have more than 50% return on my capital and to leave a good amount of cash in the bank would mean I pay a very large opportunity cost `cos a crash might happen once every 7 years or so.


So I still think my solution is so far the best way of beating a crash. I would sell futures worh more than my capital, so if I wont get cover for a 100% through a fast market, it wont be far from it.

 

[vetten]

Quote from deviltrader:[/i
I don't agree with people who say this could never happen again. The first cir breaker doesn't kick in until the dow drops 10%.

I agree with you there devil, ofcourse it will happen again. Look at the panic on February 27th and that was not even a crash.

what % is the lock limit on ES?

thanks people

 

[Chuck Krug]

Quote from vetten:

thanks chuck for your contribution.

I`m an EOD penny trader so a and b are not feasible; my trades last from 1 day to several months and often fully invested.

c. is not very attractive either.
I have more than 50% return on my capital and to leave a good amount of cash in the bank would mean I pay a very large opportunity cost `cos a crash might happen once every 7 years or so.


So I still think my solution is so far the best way of beating a crash. I would sell futures worh more than my capital, so if I wont get cover for a 100% through a fast market, it wont be far from it.

How about an account at a proprietary trading firm?
For example say you trade with 100k now
Open an account at a prop shop with 20k, get 5x margin, put 80k in a savings account. If the world comes to an end. You´ll have 80k left ;-)