ES Journal - 2013
- Thread starter Trvlwanderer
- Start date
All the more power to the fed res. The more they pump it the bigger the bubble. In they end the general population will take the majority of the pain as always. Another one for the history books.
Hope most are saving and making bank now cause u will need it. The next recession will make 2008/2009 look like a walk in the park. Who will backstop it this time around?
In all honesty I really dont see an economic bubble in our neck of the woods...people are being hired, housing market is stable, new companies are being created and generally the mood is good. Perhaps we are smoking a bit too much weed since its now legal. Rocky Mt High isnt just a song anymore
Seriously...where are the bubbles and in what sectors? The recent drop in oil/gas will only put more $$ in the pockets of the Christmas shoppers. Between now and the end of the year it will take something pretty extraordinary to seriously set back this bull.
Seriously...where are the bubbles and in what sectors? The recent drop in oil/gas will only put more $$ in the pockets of the Christmas shoppers. Between now and the end of the year it will take something pretty extraordinary to seriously set back this bull.
In simple terms, it's a bubble of almost free money with close to 0 interest rates. As interest rates rise stock prices will fall. Stocks are being bought because there is no money to be made in bonds. Actually, with interest rates set to rise, bond prices will also be hurt in the near term.
Will there be a recession? Yes, one day. But you don't need a recession for a bear market.
Will there be a recession? Yes, one day. But you don't need a recession for a bear market.
Quote from RichardRimes:
In all honesty I really dont see an economic bubble in our neck of the woods...people are being hired, housing market is stable, new companies are being created and generally the mood is good. Perhaps we are smoking a bit too much weed since its now legal. Rocky Mt High isnt just a song anymore
Seriously...where are the bubbles and in what sectors? The recent drop in oil/gas will only put more $$ in the pockets of the Christmas shoppers. Between now and the end of the year it will take something pretty extraordinary to seriously set back this bull.
Or you could trade smaller TFs so you don't have to worry about what no one knows about...
Wow, man. So much can be said regarding about your incredibly strong views. For now I can speak of what I know. Since 1990 I'm very intimate with booms, busts of the economy.
To me, "They come and go " this last one was the deepest I have seen so coming out of it should be longer and slower. What gets me is why any of you es traders put so much time in lamenting about macro personal beliefs. Not saying how you should trade, but I have traded through so many cycles and I don't give a damn about "what should be going on"...I just trade what I see and hedge/use stops.
Nobody truly knows what will happen; this is the first time in history of zero interest rates and a fed balance sheet of this size; not even the fed knows and they openly admit it. Sure it could be at 2000 by year end. Heck it could be at 3600 by end of next year. It is simply my view and I could be dead wrong. I also trade with hedges and stops; learned long time ago without them and my account would be completely wiped out.
Put all the multi millionaire and billionaire traders in a room and what % trade smaller then a weekly time frame? My guess would be less then 10%.
Whatâs money? A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do. âBob Dylan
And I like scalping
Quote from Trader.Fighter:
Whatâs money? A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do. âBob Dylan
And I like scalping
The life of a rockstar