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Who exactly is buying?
- Thread starter will848
- Start date
??? the exit plan is to hold to maturityQuote from S2007S:
Same thing here in the US...with so much debt the smallest increase in interest rates to just 1% would wreak havoc on the system ...that's why interest rates will stay low for at least 5 years...and there is no such thing as an exit plan when it comes to BUBBLE ben bernanke and friends.
He has already made that plain as vanilla
What planet are you from where you always need everything to end in disaster?
They wrote a book about you, it was called "Chicken Little."
gosh darn man, it is getting a little old, when ever S2007S shows up he is predicting the end of the world
he needs it really bad
nobody takes you seriously anymore
mostly, they are musicians, but also had to work as salesmanQuote from brokerboy:
i want to meet the family lets you watch their money.
I was the first one who refused to become a salesman
I tried, but I failed
I'm just not a very good liar
Managing money came very natural to me
It's just a matter of asset allocation
client party
Quote from oldtime:
mostly, they are musicians, but also had to work as salesman
I was the first one who refused to become a salesman
I tried, but I failed
I'm just not a very good liar
Managing money came very natural to me
It's just a matter of asset allocation
Attachments
Like I said, at the Christmas party the boss said, "Do you realize 90% of your commissions were generated from your own account?"Quote from oldtime:
mostly, they are musicians, but also had to work as salesman
I was the first one who refused to become a salesman
I tried, but I failed
I'm just not a very good liar
Managing money came very natural to me
It's just a matter of asset allocation
But I was good at getting people into the right asset at the right time.
Some of them only came to me the first time they couldn't roll over a cd at double digits.
I don't charge them any money
I charged them enough when I was their broker
6% on some of those Putnam funds
Quote from oldtime:
??? the exit plan is to hold to maturity
He has already made that plain as vanilla
Can you please give us the source of this information? I found nowhere that someone said FED will hold to maturity and stop buying.
They spoke about REDUCING purchases,but didn't say WHEN:
http://www.thestockmarketwatch.co/biography-fed-qe3-exit-strategy-has-been-set.html
At the pace labour market is recovering, they will reach their objective (unenployement=6%) in 2020.
Before that I don't think they can reduce their purchases, rather they could be forced to increase them to keep the same effect.
Also, can you please explain why you say that "FED's money can be generated as much as needed"?
Someone sees some risks:
http://www.bloomberg.com/news/2013-...lion-dollar-losses-in-stress-of-qe3-exit.html
Thank you
Let's see how this craziness ends! Maybe another financial crisis just like what happened famously in 90s in Japan!Quote from brokerboy:
you should read up on japan they had deflation for 20 years and everybody owns bond. they all want out so its pushing the yield higher and as you see the nikkei is up 2% today. now the derivatives all tied to low interest rates. the government debt is very high and they would blow up if there had to pay higher rates on debt paper.
http://finance.yahoo.com/blogs/talk...-money-could-blow-america-213918831.html?vp=1
Quote from Nine_Ender:
Given that there are no signs of inflation and interest rates aren't likely to rise much if at all for two more years, your post has quite the opposite message to me. It suggests the long Gold move might be somewhat of a bubble ( I've held this belief for two years. but don't pretend to know what speculators can do in the short term ).
History suggests any big move in Gold gets countered eventually. You can say "this time is different", but given the lack of utility for Gold its a risky position to take. And from what I've seen on gold stocks, they seem to be foreshadowing a belief in the markets that Gold itself may drop a lot more ( this has been true for months so its a little dated now ).
If you disagree you can pick up a lot of Canadian miners at dirt cheap prices now. Might be an opportunity.
"It suggests the long Gold move might be somewhat of a bubble"
it is hard to disagree that the move may have overshot its target or
that 40% retracements are unusual.
my nagging suspicion about miners has always been that governments will install excess profit taxes on these companies,
but at the right price they are an opportunity,