Quote from brokerboy:
again by buying 85 billion per month and having 0% interest rate he is taking the other side. what do you think he is doing when adding a few trillion on his balance sheet and making bank savers 0 money? if you need a more real example he bought aig for scrap metal and juiced up the market than sold it for a big profit. he bought all the bad debts in the market that is taking the other side.
bb, you seem confused.
going back to my original point, if all cavement are buying on the assumption that SP will hit 1700, will it actually get there? knowing that everyone is betting on the same thing (Wide Tailz suggest that even the caveman knows he should be long, so therefore everyone is long).
what I'm saying wouldn't they think about other cavement chasing after the same rock? would fear not set in? would it not get volatile? possibly never reach it at all? isn't it a keynes beauty contest?
and when they start selling - who will they sell too? Tailz says Ben, and that's what you're now saying. so basically Ben is taking the other side of all ES trades when everyone starts selling. that's what you're saying right? isn't that just ridiclous?
