Get The Hell Out - Part IV (A Global, Nowhere To Hide, Equity Market Crash)

Now the Gov't is going to pick up the spending that the consumer has stopped by printing money and running massive deficits.

Quote from S2007S:

Why dont you just understand that the reason why we are where we are today is because of people spending, all that monopoly money they pulled out of their houses over the last 10 years and bought USELESS garbage with is why we are here today. Wake up and understand that this economy will never be the same as it was. Everyone is taught to consume and the word save for some reason doesnt exist in the world of economics. Well now with everyone scared of a depression everyone is cutting back, well I dont think thats a bad idea, do you??? Just think about it, we dont have a negative savings rate in america anymore.....

:D :D :D :D :D


By the way what are your opinions on this great economy we have today
:p :p :p :p :p
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All I want to say is that none of you people know what you're talking about and/or where the market is headed. First off you're supposed to be traders so just stick with the trend. Second most of the guessing games played on here are horseshit, and what is with all the pathetic negativity all the time on here. It's like the depressives forum.

You guys like to throw shit at the wall and see if it sticks. If you're right you think all of a sudden you're a super analyst, if you're wrong, who cares you're only on ET talking all this nonsense anyway. OOMMMMGGGGG THE WORLD IS OVER, DOW IS GOING TO 17 SELL OR LOSE YOUR PANTS. You guys are pathetic.
 
People make predictions about markets because it's fun and ego boosting when it turns out true or even somewhat true.

I have beliefs about where various markets are headed and thoughts about economics and financial reasons where x, y and z markets might be headed.

I trade exactly ZERO of those thoughts and ideas. It's all bullshit and hype and my ideas and rationalizations have absolutely nothing to do with where the market is going in 1 minute, 6 months or 20 years.

I trend ride and catch chunks (hopefully large chunks but often small chunks) of the meaty bits where price is going my way... until it no longer goes my way which is when I exit.

I have no clue where a market will be x bars from my entry and when the current trends will end when I enter trades and that's the only reason I have made money in the markets over the last 15 years... complete disassociation of my ego with the reality of the chart action of the markets I'm trading.

My trading is as dumb, boring and repetitive as pounding on a drum over and over again to the same beat every day, every week and every year. Fortunately I get paid by the markets for playing that tune and that's all that counts.
 
excellent post...one of the best I have seen on ET

Quote from nexttothemoon:

People make predictions about markets because it's fun and ego boosting when it turns out true or even somewhat true.

I have beliefs about where various markets are headed and thoughts about economics and financial reasons where x, y and z markets might be headed.

I trade exactly ZERO of those thoughts and ideas. It's all bullshit and hype and my ideas and rationalizations have absolutely nothing to do with where the market is going in 1 minute, 6 months or 20 years.

I trend ride and catch chunks (hopefully large chunks but often small chunks) of the meaty bits where price is going my way... until it no longer goes my way which is when I exit.

I have no clue where a market will be x bars from my entry and when the current trends will end when I enter trades and that's the only reason I have made money in the markets over the last 15 years... complete disassociation of my ego with the reality of the chart action of the markets I'm trading.

My trading is as dumb, boring and repetitive as pounding on a drum over and over again to the same beat every day, every week and every year. Fortunately I get paid by the markets for playing that tune and that's all that counts.
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for professionals who only daytrade and swingtrade for living, only thing that matters is if there is a market to trade.

recessions etc don't matter.

Quote from SCI new york:

All I want to say is that none of you people know what you're talking about and/or where the market is headed. First off you're supposed to be traders so just stick with the trend. Second most of the guessing games played on here are horseshit, and what is with all the pathetic negativity all the time on here. It's like the depressives forum.

You guys like to throw shit at the wall and see if it sticks. If you're right you think all of a sudden you're a super analyst, if you're wrong, who cares you're only on ET talking all this nonsense anyway. OOMMMMGGGGG THE WORLD IS OVER, DOW IS GOING TO 17 SELL OR LOSE YOUR PANTS. You guys are pathetic.
More...
 
I have a bad feeling, supported by what I am reading just tonight, that this call will be vindicated this week.

This week is likely to be the post-St. Valentine's Day massacre.

Closed markets on Monday in the U.S. will ironically exacerbate the bloodletting.
 
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