ES Journal Archive (2006 - 2008)

Status
Not open for further replies.
Quote from Bigpipn:

This isn't conspiracy talk, this isn't doomsday talk, this is reality. It's not about being right, it's about positioning yourself. Look at Peter Schiff, who called the subprime collapse to a t, yet, he and his inwestors are down big. Epic failure.

Most vets are brainwashed into thinking the system will always be there and anyone who thinks differently is insane. Don't fool yourself, if they would have let Citi go down (which I think they should have) we would have had major bank runs.

These Harvard mofos are, in essence, no smarter than anyone who reads this forum, they are just the best actors. The world is a stage, the best actors receive the best pay. Trading requires that you act with no feelings. If you have emotional problems go be a counselor, this isn't for you.
More...
I'm in complete agreement with ya. But what's there to prepare? I'm just a daytrader. Good points nonetheless. :)

When do you predict such a monster inflation will rear its ugly head?
 
Quote from princessa:

interesting your correlation of price control with ussr....
More...

The history of volka pricing in USSR is a very interesting topic in economics ... from controlled price, to sudden price jumps, and crash of the market, etc.

All forms of government interventions and their results. :)

Search for that online. Should be interesting read.

Edit: There was also hyperinflation of the volka too. :)
 
Markets will and should go down to test that SPX 740 low and then sub 700.

BUT... all this doomsday talk, collapse of the system, etc.. this usually indicates a bottom....

Want to go long crude today if JAN contract spikes down to about 41 -- will buy USO
 
for the short term the news is about as bad as it gets..

look for a rally to 1000 in the first quarter with the change of the guard..

price action is not following the news.
 
Quote from Spectre2007:

for the short term the news is about as bad as it gets..

look for a rally to 1000 in the first quarter with the change of the guard..

price action is not following the news.
More...
My unreliable crystal ball is flashing "Red Alert: 770 as LOD". :D

Yes, there will likely be a strong rally from the December expiration to Obama's inauguration, although I dunno about 1000.
 
Status
Not open for further replies.
Back
Top