There is no recession. Never was , never will be!
- Thread starter HedgefundTrader2
- Start date
Markets rally next day after rate cuts. Refer to SPX charts and donot short your next dollar into it.
Ah, yes there is no "recession". Certainly not when you are a Hedge Fund trader. I would think a Hedge Fund trader should be able to identify a trend in stats though. The numbers seem to indicate Main Street business is off a lot hurting the average person. Therefore, I agree with Warren Buffet that there is already a recession on Main Street.
As for selling my stocks, I sold in Dec and went short index futures and long put options into 2008. I would not buy anything or sell anything because of what Warren Buffet says or does.
Regardless of my opinion on the recession on Main St., I do not sell short or buy the market based on that.
As for selling my stocks, I sold in Dec and went short index futures and long put options into 2008. I would not buy anything or sell anything because of what Warren Buffet says or does.
Regardless of my opinion on the recession on Main St., I do not sell short or buy the market based on that.
Actually, I used yours, you are too dumb to realize it.
There is no GDP growth when adjusted for real inflation. Has not been for years.
The real world differs from government massaged statistics.
If any of you have the 7th edition of "Investments" by Bodie, Kane, and Marcus, this issue 'could' be settled starting at pg 570.
Growth in real GDP
Monetary policy
Fiscal policy
and, most importantly, Economic Indicators.
Warning: Don't read this book, then drive! You could be a sleep in no time! It's a CFA pre-requisite, and it was a "fun" read.
I think my personality was permanently scarred by the CFA materials. 
Growth in real GDP
Monetary policy
Fiscal policy
and, most importantly, Economic Indicators.
Warning: Don't read this book, then drive! You could be a sleep in no time! It's a CFA pre-requisite, and it was a "fun" read.
I think my personality was permanently scarred by the CFA materials.
Well, then depending on which indexes, and which options, you probably made some good money with that strategy. Especially with leverage on the indexes.:eek: $$$
I'm long with puts on ALL 25 positions, and writing covered calls on about 40%. Nothing to write home about. But, I manage opm, and people in my area carry guns.:eek: :eek:
Last, good discipline not listening to main st., Buffet, financial porn, etc.,!! It's discipline that wins. Every time I violate a single, simple rule in my system, I get my ass handed to me with either a flat or possibly negative return for the Month. Depending on how bad the violation, maybe flat or negative for the quarter.:eek: After a few incidents like that, I always walk away from the monitors, and remember the discipline...
At least for Him, there is hope. You on the other hand, went over the edge long ago...