Xmas Rally Has Finished.

Quote from bhardy307:

Nobody wants the planet to go into another depression. All the major powers around the world are going to do everything they can to stop this negative result. You might be very surprised to see how healthy the world economy will be 5 years from now.

In the meantime, I am doing everything I can to learn how to generate a profit no matter what direction the markets chose to take.

Don't assume the worst.
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I don't understand all these people who want the SPX to go to 600 again. Yeah. they can make a few dollars but at what cost? Money doesn't stop ravaging hordes; and it doesn't stop Anarchy; and it won't save you from a terrorist attack.
 
Quote from newwurldmn:

I don't understand all these people who want the SPX to go to 600 again. Yeah. they can make a few dollars but at what cost? Money doesn't stop ravaging hordes; and it doesn't stop Anarchy; and it won't save you from a terrorist attack.
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I watched my own country, Canada, go through worse, relatively speaking, debt problems then those currently being experienced by the USA and Europe. It took only a few years to turn a large deficit into a surplus. Canada experienced only a relatively minor recession in 2008/2009 and currently remains one the strongest world economies.

Not a single bank, major or minor, failed in Canada during the banking crisis.

www.canadahistory.com/sections/eras/moderncanada/budget_surplus.htm

I choose to think positively. If I am wrong, so be it.
 
Quote from bhardy307:


I choose to think positively. If I am wrong, so be it.
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My dad, whom I respect immensely personally and professionally, said the same thing. If you aren't positive on the future of the economy then you will do nothing.
While I don't like Jim Cramer, I like his motto: "There's a bull market somewhere"
 
Quote from newwurldmn:

While I don't like Jim Cramer, I like his motto: "There's a bull market somewhere"
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Very true.

I'm sure Beau is pounding his chest after today's sell-off. Good for you Beau. You definately won this battle. Actually, I am profiting too, not because of a longer term projection of where the markets are headed, but because I traded today's trend.
 
Quote from bwolinsky:

I don't see artificiality.

I see only superficiality, here.

The inflation is real. The Meltup documentary by the National Inflation Association is right on. We have past the point of no return in terms of the monetary hyperinflation that is being induced by the bailouts of 2008.

There is no stopping that, and it will lead to deflation, and a catastrophic collapse of our financial systems.

If you think it's fake I really don't know how to rationalize a way to explain why not other than to tell that the danger is real, and in no way "artificial."
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If you're trading on commodity inflation you're retarded. Here's a hint... look at the USD and bond yields. Another hint, wage inflation.
 
Quote from atticus:

If you're trading on commodity inflation you're retarded. Here's a hint... look at the USD and bond yields. Another hint, wage inflation.
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He's trading on fear. If you read back on his posting history, you will see that he completely misread the beginning of the 2008/2009 recession. He's afraid he's going to get it wrong again.
 
Quote from bhardy307:

He's trading on fear. If you read back on his posting history, you will see that he completely misread the beginning of the 2008/2009 recession. He's afraid he's going to get it wrong again.
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It's akin to arguing absolute P/Es on individual equities. Anytime someone makes a trade on "fundamentals" I cringe.
 
Quote from atticus:

It's akin to arguing absolute P/Es on individual equities. Anytime someone makes a trade on "fundamentals" I cringe.
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I agree.


Beau, thanks for the "long" entry point at 2284. Pulled 14 pips out of that. I know, tiny and pointless to you, but on $4500 odd dollars of equity, $14*6 = 84$ was a nice little bonus, at a time that I am taking losses as I cost average down on XAU/USD ( Average buy: $1675 ).
 
well lets look at where and when i was very bearish on the market back in 2007 . i am still bearish maybe even more so now . :)

bp
 
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