Xmas Rally Has Finished.

SimpleTrades · Dec 10, 2011

Quote from bwolinsky:

So says you. It is short covering by shorts. Fundamentals aren't supportive of equities when Europe is in recession and won't be printing money. This is deflationary, and will have a similar effect on the US.

Funny. Could have sworn you were arguing inflation not deflation, many pages ago. And what about those inflation panic videos you had me watch?

Quote from bwolinsky:

I'm more concerned that we will try get involved beyond our limited currency swap agreements, and though I'm sure they're priced consistently, those swaps are so the ECB has leverage to intervene using currencies other than Euros, but if they tap their lines and are unable to pay, it is very likely that those swaps will lead to more European defaults and send USD's down with it, and that's the armageddon time where there won't be any way to even afford a loaf of bread, much less an ounce of silver or gold.

bwolinsky · Dec 10, 2011

Quote from bhardy307:

Funny. Could have sworn you were arguing inflation not deflation, many pages ago. And what about those inflation panic videos you had me watch?

News from the ECB is deflationary, not inflationary. We have inflationary issues in the US, but it looks like it's turning around to a completely opposite problem in Europe with the lack of aggressive bond buying.

SimpleTrades · Dec 10, 2011

Quote from bwolinsky:

News from the ECB is deflationary, not inflationary. We have inflationary issues in the US, but it looks like it's turning around to a completely opposite problem in Europe with the lack of aggressive bond buying.

Beau, that's the point I was trying to make earlier. We don't know. Sometimes, choices that are made are inflationary; sometimes they are deflationary. We all sit here in the same position waiting and reacting to the next European/World financial event.

Do you really think the USA is going sit there passively and watch Europe "deflate" into another recession? Do you really think there going to sit and watch passively while the Euro collapses in value? By the way, a collapsing Euro is a counter balance; it is inflationary.

You're dealing with a Scorpion/Frog scenario.
en.wikipedia.org/wiki/The_Scorpion_and_the_Frog

How it plays out remains to be seen.

bwolinsky · Dec 10, 2011

Quote from bhardy307:

Beau, that's the point I was trying to make earlier. We don't know. Sometimes, choices that are made are inflationary; sometimes they are deflationary. We all sit here in the same position waiting and reacting to the next European/World financial event.

Do you really think the USA is going sit there passively and watch Europe "deflate" into another recession? Do you really think there going to sit and watch passively while the Euro collapses in value? By the way, a collapsing Euro is a counter balance; it is inflationary.

You're dealing with a Scorpion/Frog scenario.
en.wikipedia.org/wiki/The_Scorpion_and_the_Frog

How it plays out remains to be seen.

There is no uncertainty to me about which country or countries have these problems.

Europe is delationary, USA is inflationary. Europe is already in recession.

Because of all the things we've talked about, there's little the ECB will or can do, as outright intervention in currency markets doesn't work, they've taken inflationary Sovereign debt buys off the table.

This is not uncertain to me, but obviously it confuses you since you don't understand economics.

SimpleTrades · Dec 10, 2011

Quote from bwolinsky:

This is not uncertain to me, but obviously it confuses you since you don't understand economics.

I don't accept your version of economics. You lead me to those videos. This tells me a great deal about how your mind actually works. Sensationalist Doom mentality.

These "doom" scenarios aren't useful. There are better solutions and these solutions will be found.

Furthermore, you are a 30 year old with an undergrad in Economics. You don't know shit from bricks. You're too young and inexperienced.

Don't get me wrong, you are intelligent, but your ego is going to get you and your clients in a crap load of trouble if you aren't careful.

SimpleTrades · Dec 10, 2011

Here's a quote from you months before one of the worst recessions is US history. Clearly, "you don't understand economics."

Clearly, you also didn't learn about the unpredictable consequences of fear. Surprisingly, however, you did hint at it in your own words: "Don't you think you're just talking yourself into bad times?"

Quote from bwolinsky:

Slider, you speak for a lot of people on here, and what you're saying is nothing new. Here's a question, and I guess anyone who has the same sentiment could respond too: what good does it do to speak about an economy like that that is still growing, albeit slowly?

Don't you think you're just talking yourself into bad times? It seems if you keep saying there's a recession, when I guarantee it will never pass muster as one, that you'll be right eventually when we do have one.

Michigan is the only state with a declining economy, and that's all on the crap Detroit makes, but this doesn't speak for the shift into an even more service based economy.

www.elitetrader.com/vb/showthread.php?s=&postid=2002801#post2002801

LEAPup · Dec 10, 2011

Quote from bhardy307:

Beau is playing with Daddy's retirement fund. I'm just scraping by trying to learn how to trade profitably. How about you?

Not barely scraping by. I DO understand what it was like though... And yes, some here apparently have some trust fund or someone they live off of with the calls they post.

I read some of the calls, and get a laugh out of what atticus says to some, "clown shoes." I hope he doesn't want any royalties out of this, but I've gotten a kick out of hearing a bunch of bullshit, and me saying to those full of shit, "really? Clown shoes." LOL!!!!!!

LEAPup · Dec 10, 2011

Quote from iceman1:

LOL

what are you? a self-help guru or a shrink!? As Carl Jung said: "there is no coming to awareness without suffering"

Lol

I've never met an actual guru.

bwolinsky · Dec 10, 2011

Quote from bhardy307:

Here's a quote from you months before one of the worst recessions is US history. Clearly, "you don't understand economics."

Clearly, you also didn't learn about the unpredictable consequences of fear. Surprisingly, however, you did hint at it in your own words: "Don't you think you're just talking yourself into bad times?"

www.elitetrader.com/vb/showthread.php?s=&postid=2002801#post2002801

That would have been a several months before the first negative GDP report.

SimpleTrades · Dec 10, 2011

Quote from bwolinsky:

That would have been a several months before the first negative GDP report.

You didn't see it coming. You didn't understand the nature of the crisis. Beau, you aren't the genius you think you are. Sorry.