The Rally

S2007S · Oct 17, 2006

Quote from CutsThrough:

These discussions are so f-cking Pollyannaish.

The reason that most of you fish can't make money is because you can't decide what timeframe you're operating on and you spend all of your time forming trading hypotheses based on obtuse, inductive logic.

Lemme guessâ¦ given the low US consumer savings/debt ratio, people will become increasingly less apt to pay $10 for razor blades, which means that you should short P&G, right?!

not true.......

ByLoSellHi · Oct 17, 2006

Quote from CutsThrough:

Lemme guessâ¦ given the low US consumer savings/debt ratio, people will become increasingly less apt to pay $10 for razor blades, which means that you should short P&G, right?!

Maybe, especially if people use their old blades longer.

Think it doesn't happen? It happens all the time during economic downturns.

People get haircuts less frequently, buy fewer groceries, and resort to all sorts of cost cutting measures.

If anything is polyanish, it's the belief that recessions don't happen, and that they don't crimp consumer spending.

CutsThrough · Oct 17, 2006

Quote from ByLoSellHi:

Maybe, especially if people use their old blades longer.

Think it doesn't happen? It happens all the time during economic downturns.

People get haircuts less frequently, buy fewer groceries, and resort to all sorts of cost cutting measures.

If anything is polyanish, it's the belief that recessions don't happen, and that they don't crimp consumer spending.

Ok â what timeframe are you trading on?

DeepFried · Oct 17, 2006

Quote from myminitrading:

Americans have a negative savings rate. Americans spend any extra cash to service the debt loads.

I remember hearing about that boogie man as far back as the '80's. The savings rate has been low to negative for at least 20 years.

Maverick74 · Oct 17, 2006

Quote from S2007S:

not true.......

True...

ByLoSellHi · Oct 17, 2006

Quote from CutsThrough:

Ok â what timeframe are you trading on?

It doesn't matter.

If I see too many red flags on the horizon, I'm not going to stick around and risk a 20% or greater haircut when I can take fat profits now.

S2007S · Oct 17, 2006

pushing it back into the green very slowly. Have a feeling the dow will close above 11950 today.....inflation, what inflation?

krazykarl · Oct 17, 2006

Quote from S2007S:

pushing it back into the green very slowly. Have a feeling the dow will close above 11950 today.....inflation, what inflation?

we are in a bull market - this is how things work.

i would suggest covering now before we run you out of town.

Maverick74 · Oct 17, 2006

Quote from S2007S:

pushing it back into the green very slowly. Have a feeling the dow will close above 11950 today.....inflation, what inflation?

I hope to god you are not daytrading on inflation data. Hell you might as well be trading off the weekends football results.

S2007S · Oct 17, 2006

Quote from Maverick74:

I hope to god you are not daytrading on inflation data. Hell you might as well be trading off the weekends football results.

Im not trading today, havent made a trade yet, waiting for results from the big tech names before I make any moves.