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Where is the recession? Show me ?
- Thread starter HedgefundTrader2
- Start date
Quote from nyxtrader:
What is you outlook for the market. You are a bull right?
My outlook is well balanced. The economy is contracting due to this on going Iraq war where billions are poured instead of supporting this economy. We may get into a recession and we may still do OK. A recession should not destroy our charts of SPX, DJIA, NDX and major stocks. I donot pay credence to people predicting and forecasting our economy, their guesses are just as good as mine.
Quote from nyxtrader:
I have expressed what news services I use before and no one has every said anything to me.
Don't bullshit around the quesiton my friend. I know what answer you WANT to say. But you are scared too. LOL.
You are on my ignore list. Go away, play with someone where you donot get beat up so bad.
Quote from HedgefundTrader2:
My outlook is well balanced. The economy is contracting due to this on going Iraq war where billions are poured instead of supporting this economy. We may get into a recession and we may still do OK. A recession should not destroy our charts of SPX, DJIA, NDX and major stocks.
You understand why you are not well liked right? It is the fact, you can't back up anything you say. Why can't you answer what new platform or service you use?
There is no substance or meaning behind anything you say.
Quote from HedgefundTrader2:
Big money is always made going long ---- Dan Zanger
A stock can rise and there is no limit to it and you can make lots of money when it does, but stock cannot be shorted or sold beyond a certain point.
That's why most shorted stocks sit there in 20- 30 ranges and they do not go down much and than you can just short them for 10 cents, 15 cents and you do not make much out of it. Option premiums dry up and volumes are gone. There is not much left but a dead carcass for vultures to feed themselves.
Big money is made going long and short.
http://en.wikipedia.org/wiki/George_Soros
http://en.wikipedia.org/wiki/Jesse_Lauriston_Livermore
And looks like this market isn't going up that much. So, position yourself accordingly and stop crapping all over the board.
Guys it is pointless to try and have an intelligent conversation with boys like day and stock. I think wags is right, these children are paid shills to get the page views up here. Stock has as much invested in this market as my dog does....I think day is sort of a weird bird, I actually thinks he enjoys being belittled. I can see him sitting in the basement DIH enjoying getting beaten up. I (as well as most others here) trade from both sides, my book is a little shorter than normal (airlines continue to be an atm), but I still own a bunch of names (VLO, TSO (ouch), RIMM, USB, HAL, HPQ etc...) My only shorts are the spooz, and airlines...I have basically been short the spooz since the ridiculous 1 day pop (1372ish) I tightened up my stop and went down to the masters for a few days. Now i'm 40 handles in the money...go figure. There is no recession in Augusta, unless you work a Masters stuff vending stand. Not a whole lot of people buying $130.00 shirts and $40.00 hats! So in closing Day should be put on ignore, although I recall seeing him answer his own posts. Stock is kinf of funny though. The simple fact that neither of these gurus sees anything wrong with our credit markets speaks louder than any of their weak ass diatribes. Happy trading!
Quote from HedgefundTrader2:
Recessions are not measured by how you " Feel" and what you see around yourself. That's your world and its not the Universal truth. Two negative quarters of economic growth GDP are needed to called it a recession. How you feel has no relevance in the greater scheme of things, its an emotional response.
There is a good reason why this standard definition was chosen by economists, so that people do not create their " own recessions " and declare them. This way you are going to and you can declare your" own recession" and start feeling bad.
If thats not enough just go listen to horrific talks and articles predicting the end of the world. This is going on for the last 3 months and we are still here, stuffing our bellies with Lattes from Starbucks, listening to IPODS, wearing latest Nike shoes and watching television on flat screen TVs.. is that what you call recession in America?
You don't get it do you?
You and I are not in a recession because we are well to do but the average person is not well to do.
Just two items:
People with low paying part time jobs can't afford to drive to work because it hardly pays for the gas and the upkeep for the car.
My girlfriend teaches in an exclusive private school in NY , the students are the children of the who-is-who of heavy hitters, and they already see a drop in fall enrollment applications (of course they'll be oversubscribed anyway).
Signing off.
GC
Quote from HedgefundTrader2:
Declare your " own recessions" and roll in the puke. Isn't that whats going on for the last 3 months?
Negativity, doom and gloom, end of the world, feelings of self entitlement and utter hopelessness.
No...that's not what has been going on for the last 3 months...
what's been going on has been very real..
what you face daily has been the machinations of a deluded mind.
"Everything is allright, so long as I keep repeating it"..
Do you think our socialist for the rich government would be sending us all $600 if things weren't really THAT bad?