Oh you were making a funny.
The stock_trad3r 2007-2008 market recession
- Thread starter athlonmank8
- Start date
Oh you were making a funny.
Round 3 tomorrow. For crying out loud. There's people who have seen this coming...why aren't they talking right now?
Yup
massive rebound today from lows
And still 3.5 more hours of trading left
There was no reason for the selloff last week
NO bad news. NO one cares about turkey or kurds. NO one cares about housing or oil.
THERE IS NO CREDIT CRUNCH. There never was one. There is no liquidity crunch.
All upside to go. Time 2 buy.
FXI+EWZ+>>>calls+RIMM+BIDU+AAPL
I am giving away info that can make you huge money. You wont find this on CNBC or anywhere else. Not in stockpikr, barrons, thestreet, cramer wallstreet journal, bloomberg or anywhere else.
I know *almost* everything.
I dont trade YM points.
I trade a combination of XFI and EWZ calls as well as have long positions on stuff like RIMM, BIDU,
Very easy to make money in this market.
When there is a big reversal ask youself
"Was there a compelling reason for this reversal?"
"Did anything change?"
"Did the fundamentals change?"
"Is this a serious problem that will not be resolved easily?"
"Is this anything new?" (you keep hearing about subrimes, oil, gold, housing but is this new news? no.)
"Is my life going to be personally aftected by this in a serious way?"
99% of the time the answer is actually no for all of those questions.
So when the market dips you go long.
When there is a big reversal ask youself
"Was there a compelling reason for this reversal?"
"Did anything change?"
"Did the fundamentals change?"
"Is this a serious problem that will not be resolved easily?"
"Is this anything new?" (you keep hearing about subrimes, oil, gold, housing but is this new news? no.)
"Is my life going to be personally aftected by this in a serious way?"
99% of the time the answer is actually no for all of those questions.
So when the market dips you go long.
I often notice that bears will give a lot of personal anecdotal resons for being short such as Booo hooo hooo it costs me $100 to fill up my car casue oil is too high.boo hooo hoo food prices are too high...boo hoo hoo I cant make my house payment boo hoo hoo there is too much inlfation boo hoo hoo my job is being outsourced boo hoo hoo rich are getting richer boo hoo hoo borders aren't secure boo hoo hoo ron paul won't win boo hoo hoo I cant make ends meat
To make money in the markets (as I do) you have to be purely analytical and emotionally detached. You must look at everything in terms of what wallstreet wants, not from your own personal bias. The market doesn't care that gas prices are too high or you cant make ends meat.
To make money in the markets (as I do) you have to be purely analytical and emotionally detached. You must look at everything in terms of what wallstreet wants, not from your own personal bias. The market doesn't care that gas prices are too high or you cant make ends meat.
Right --- all of that is irrelevant. Except for the fact that the US consumer makes up 2/3 of our economy. And given almost 50% of those in the US basically live month to month as far as financial means the increase in oil and gas prices will in fact further pinch their ability to spend money (that they really don't have to begin with).
Q4 numbers will get further revised down by many companies, not just financials.
I don't expect you to comprehend this since you claim you weren't even around 6-7 years ago when the market tanked so you have no understanding that markets go up and down.
Dow, S&P and NAZ will be lower at year end than where they are today.