ES Journal Archive (2011)

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Quote from volente_00:

I never said I was shorting 10-13. I said we would trade down to 95 from 10-13. If I wanted to be short that area there was plenty of chance when globex opened. How you position to make money off of that is up to you.
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100% call. On The Money.
 
Quote from volente_00:

Anyone else worried about what will happen if we don't reach agreement by aug 2 ?

I'm not a permabear but as a realist you have to wonder how bad the panic will be.


Seasonality coupled with that massive h&S does not bode well for the bull case.



200 day looms at 1272 -1278 cash depending on which one you follow


If we breach this then look out below.



Even if they come to an agreement by the deadline, one has to wonder who will be buying after the short aqueeze materializes
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I think we would have a sell off similar to when they didn't pass the bailout after the first vote. This would then set up for a nice squeeze if they came to any kind of agreement, however, I think they'll probably try to push back the deadline until after the election. I don't think the US would really default on Aug. 2. since the treasury has other accounting gimmicks they could use. Its more media/political hype. The debt problem, however, can't really be solved without a hit to the economy through taxation or austerity. I don't see any catalysts for positive economic growth for the next few years. Employment is bad and large corps are cutting more. The golden goose(US consumer) is being slaughtered. The large banks are making $ in the markets instead of lending so small businesses, the largest employers in the US, aren't benefiting from low rates. I guess if I was getting loans at 0% I would take the risk free rate instead of making risky loans too. The global race to debase will continue to try to hold onto the way things are which is why gold and silver have gained so much interest.
 
Quote from Now is Now:

this market (ES) is locked up until the "debt charade" is resolved...naturally, they will "pass" the Bill.

NiN
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They have nothing to lose.


The last thing they have in mind is the investing publics interest.

No deal, market tanks, both sides are to blame so who do you vote for after that ?
 
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