ES Journal - 2013

[trickshot]

Quote from schizo:

Suppose the dollar did tank and the stock market does go through the roof. What could you possibly do with the profit you made from the 12,000% rise in stock? NOTHING!

Suppose the dollar did not tank because Bernanke, like Volcker, refused to drop the interest rate and the stock market dropped off the cliff--say, 99.999%. What could you possibly do with the loss you incurred from the 99.999% drop in stock? NOTHING!

You cannot measure the value of the dollar based on the rise or fall of the equity market.

I fail to see your logic. The dollar has been relatively steady for the last few years but stocks didn't tank 99.999%, in fact its gone up a fair bit if you noticed. Also I wasn't trying to value the dollar based on the rise or fall of equities, I was just trying to point out the fact that prices of everything (including stocks) will go thru the roof should the dollar collapse, this cannot be disputed, and while I might not be able to buy much with the 12000% profit I made from stocks should the dollar collapse, I will still be in a better position than the shorts who lost everything from shorting stocks.

For the record I've been long SPY since Feb, so yes I'm bullish, but I'm not bullish because I'm predicting some kind of dollar doomsday scenario, I don't see that happening, not soon anyway.

 

[Visaria]

Quote from trickshot:

You wish. It went parabolic (up 12000% over 12 months).

http://mises.org/daily/2532

For the record I'm not predicting that the dollar will collapse, I'm just saying that this is what you will get should the dollar collapse.

you need a semi-log chart to see any corrections!

 

[Visaria]

Quote from nillionaire:

We just had a 5% correction a few weeks ago. I think we don't go much lower from here. Probably go over 1800 over the next few weeks. Then maybe a 5% correction in late Nov or Dec.

we'll go down now imho, then recover and hit 2000 by the end of the year

 

[mastacoli71]

Quote from trickshot:

Not going to happen. Nearly everyone is engaged in some kind of money printing these days, its a race to the bottom, nobody wants a strong currency anymore.

Besides, what could possibly replace the dollar as the reserve currency of the world now? The euro? LoL (and you know why I lol'd). The yuan could replace or compete with the dollar but thats not going to happen anytime soon, the yuan isn't even convertible yet.

Gold and silver. Buy the coins on rhe cheap. u want to pay ur taxes in 10 yrs right?

 

[ammo]

spx stubbornly holding on to that 55-62 nip

 

[ammo]

dow

 

[tstones]

see that bar? what bullshit

 

[wiesman02]

Quote from tstones:

see that bar? what bullshit

Why ?

 

[bpatson]

Quote from mastacoli71:

Not a close the btfd's wanted to see.

Not an open the bears wanted to see. Yesterdays close was yet another bear trap.

 

[tstones]

stop hunting before taking it done. they are making it too obvious it's almost a shame.

Quote from wiesman02:

Why ?