There is no recession. Never was , never will be!

Quote from ByLoSellHi:

Anyone who starts a thread entitled:

"There is no recession. Never was , never will be!"


...is unworthy of my time. The statement is so ignorant and oblivious to world history and the business cycle that it demonstrates nothing less than a profound lack of knowledge of the most basic concepts any adult should understand.
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Sure when you can't counter a falsehood held to your chest you make such statements.

What empirical data do you have to prove me wrong and my lack of understanding? I think I taught you some lessons here. You need a guy like me to push those big white candles..
 
An open letter to everyone.

Fuck you all.

Years ago when people reported that the government data was all fucked up. Others just laughed and made all kinds of justifications on why the government's numbers were better than personal experiences.

Now everyone rather than admit they were wrong are still reporting the government data. Fucking idiots. Why report the numbers if we all know their BS.

I'd love to see a big financial firm publish their own CPI and GDP data much like Shadow Statistics.

As for Bond Holders currently pricing in their expectation of inflation... I would not be surprised if that market is heavily manipulated by the Fed. Why not, their manipulating everything anyway.

The Fed can be gods of the financial instruments, but commodities do not lie and can't be manipulated indefinetly.

The chickens have finally come home to roost. Only Ron Paul could save this country but the fucking republicans voted for McCain. McCain of all people. He is the male version of Hillary! How the fuck do you elect someone like that? How?

And that's why this country is fucked up. Bite the tax bullet and move to Canada.
 
Quote from MAESTRO:

Oh boy .... And you call yourself a Hedge Fund trader? Honestly, man does your Hedge Fund only hold long positions or something? I think you should stop embarrassing yourself and really take the basic economy lessons. Just an advice....
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Personal attack. Ridicule. Inability to counter a post with intellectualism.
 
What?? This is your answer? "They still have jobs".

Please Hedgie, this is paper thin at best. Just having a job means nothing. The consumer needs to keep buying unnecessary crap like Ipods and Nike shoes and Starbucks coffee. Just having a job means very little beyond providing shelter and food for families.

WHERE IS THE MONEY GOING TO COME FROM HEDGIE!? :mad:

Quote from HedgefundTrader2:

They still have jobs, unemployment is hovering around 5 % still not bad.


You know who the real culprit in this? It you and me.

1/They can buy a home, but they are gambling on lower prices for 2 years and that got them nowhere. When a segment of population refuses to buy instead postpones it for 2-3-4 years what do you think will happen to that industry? Its a shame 19 million houses in America will go vacant tonight and nobody is there to live in them!

2/ What will happen to the stock market if you shorted the hell out of it and reduced these charts to 1/2 the values they have now? Where do you think your income will come? It ends right there and you will be sitting on the sidelines for another rally that may never come.
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I think the more important question is : Has the market already discounted a recession and/or contraction? In my opinion, it already has.
 
Quote from HolyGrail:

I think the more important question is : Has the market already discounted a recession and/or contraction? In my opinion, it already has.
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Absolutely!!!! That's the more important question.

I think equity markets will hold up better than many expect, even with the weak economy, and mounting commodity headwinds.
 
ok day, I accept your challenge to have a question and answer period open to the public...I will give my info first...Since 1993 I in one capacity or another; buyside, sellside (both upstairs and on the floor). In 2001 right after 9/11, I moved to the west coast to take over the floor operation in L.A. When the pcoast consolidated into 1 floor I moved north...I started trading my own money fulltime in 2003ish, have been doing it ever since...Now its your turn, I bet you 1) forward this to a moderator (?) or just disappear for awhile...You talk a HUGE (illformed at best) game, now follow with some substance for a change...To the rest of the board does this in anyway imply that I am a permabear?
 
Quote from frank grimes:

ok day, I accept your challenge to have a question and answer period open to the public...I will give my info first...Since 1993 I in one capacity or another; buyside, sellside (both upstairs and on the floor). In 2001 right after 9/11, I moved to the west coast to take over the floor operation in L.A. When the pcoast consolidated into 1 floor I moved north...I started trading my own money fulltime in 2003ish, have been doing it ever since...Now its your turn, I bet you 1) forward this to a moderator (?) or just disappear for awhile...You talk a HUGE (illformed at best) game, now follow with some substance for a change...To the rest of the board does this in anyway imply that I am a permabear?
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I dont get involved with posters personally. That's why you do not see me attacking you on a personal basis. I asked you many times not to engage me in any manner and you do not listen. I also clearly stated I will not respond to you with your egregious and uncivil behaviors towrds me on this forum.

There is nothing for you here.
 
As I said you talk a huge gsmt to the tune of 2000 + postin less than a year, I'm just over 1000 after 3 years...How on earth do you have any time to "trade" when you will take on everyone here at this site...It just "doesnot" add up...Thanks for playing though...You can happily go back to fighting any who thinks with a rational mind...Good luck dude, you are gonna need it...Oh yeah, feel free to forward yet another one of my "offensive" posts to the moderator...Too funny.
 
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