Bird, bird, bird is the word!!
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S&P 500 looking very toppy
- Thread starter rubberbird
- Start date
Quote from Steelhead:
good call bird,
who wins tonite detroit or spurs?
Steelhead,
last I checked in, I was in your stink-house!! I guess it's really "what can I do for you lately?!!" No worries, I got thick skin. And the fact that lithium capital hasn't breached this thread, yet, is a good indicator that i'm onto something "toppy" here.
OK, the big game...i'm excited about it. I'd love to say the Spurs will win, but they're favored, and it's not like my 3 to 1 underdog calls (ie smarty jones, and the Pistons last year). I only like to make calls where i'm a big underdog. But I do think the Spurs will prevail, though I give huge credit to Larry Brown and the Pistons for their intestinal fortitude, and would not be upset if the Pistons won. Either way, games 5, 6 and hopefully 7 are what great b-ball is all about. First Horry bailing out Tim Duncan's legacy, then Rasheed making amends for his mental lapses, and now tonight...
Quote from coolweb:
the bird is a hawk.
Spectacular call, Do you trade futures? stocks?
Thanks coolweb, and thanks Ed Berk for the nice words. It looks as though not everyone agrees that i'm a hawk as 40%+ say i'm an idiot according to the above poll. Thankfully, I have thick skin, and I love playing the wrestling villian, so the name calling doesn't affect me at all.
I trade mostly stocks and options. I'm usually a seller. I'm always an option seller (of premium). My world works in reverse than the normal buy and hold people, but so far it's served me well.
I don't trade futures (anymore). If I think the market is going down, i'll find the specific stocks rather than just selling the whole market. Hope this helps!
Quote from rubberbird:
The S&P is about out of gas. Maximum number is around 1225, if it can make that. Since I get many PM's to post this type of info, I will appease the masses, so here we go...it is a toppin'
"It ain't bragging if you can back it up". Nice call. 1225 ended up being the high too.
I hate everything the bird stands for. I donât believe in bathhouses. I donât believe in not flushing the toilet. I donât believe in mixing prescription drugs. I donât believe in picking your nose and eating it. I have to say I think the bird is right this time. I think the fed and gas are great reasons. Also didnât we go down the last few earning periods? There is nothing good in this economy but the housing market. They are building at ridiculous levels now. Everywhere I drive in my area they are putting up 800k plus homes. I would have to say 90% of the homes have 3 door garages and have to be 4000 square feet at least. The people moving into them drive 20k cars. Come on this is a bubble waiting to happen at some point. You either can live in a 1600 square feet townhouse or 4000 square feet single home thatâs your only choice around me. I donât even see new townhouses being build here anymore. You got people flipping condos in FL or DC like its nothing. What happens if your home goes down 20% and you lose one income in the home? You canât leave because you just pay interest the first few years. Also they are passing a law that you canât go bankrupt anymore. This will be like modern day slavery if that ever happened.
Quote from brokerboy:
I hate everything the bird stands for. I donât believe in bathhouses. I donât believe in not flushing the toilet. I donât believe in mixing prescription drugs. I donât believe in picking your nose and eating it. I have to say I think the bird is right this time. I think the fed and gas are great reasons. Also didnât we go down the last few earning periods? There is nothing good in this economy but the housing market. They are building at ridiculous levels now. Everywhere I drive in my area they are putting up 800k plus homes. I would have to say 90% of the homes have 3 door garages and have to be 4000 square feet at least. The people moving into them drive 20k cars. Come on this is a bubble waiting to happen at some point. You either can live in a 1600 square feet townhouse or 4000 square feet single home thatâs your only choice around me. I donât even see new townhouses being build here anymore. You got people flipping condos in FL or DC like its nothing. What happens if your home goes down 20% and you lose one income in the home? You canât leave because you just pay interest the first few years. Also they are passing a law that you canât go bankrupt anymore. This will be like modern day slavery if that ever happened.
I strongly agree with your last few sentences...everybody's playing musically chairs, music is still playing but as they are dancing to the music, the chairs are disappearing. This is one hell of a bloodbath in the making. To many people are stretched well beyond there means, trying to live a champagne lifestyle on a beer and peanuts salary/budget, that can't go on for very long. People, globally, have been spoiled with low interest rates, which have been way too low for way too long and deep down everyone is afraid to admit the inevitable.