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Jeremy Grantham: Playing with Fire (A Possible Race to the Old Highs)
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dont be a wuss Jeremy. Buy Buy Buy !!!!
Buy NFLX, AAPL, ISRG, GOOG. You cant be wrong.
Buy some BIDU too.
Old highs he? :)
That would mean the financials will double soon!
YOU SEE! I TOLD YOU SO!!!
Can stocks go more parabolic than vertical? If they start to go past vertical on a long term chart so that the line starts going to the left, do we go back in time? Is easy money for banksters the fountain of youth?
I say yes.
nice
ditto +10
LMAO
I'm pretty sure Howdy Doody was a puppet.
The Fed is just another bucket shop. Unfortunately, they are a large one.
XLE breakout sends a strong reinflation confirmation, Mission Accomplished.
This pig has to exceed it's old highs.
People aren't stuffing their pay into 401Ks.
And they won't until the high is exceeded by 10%.
(Dang, it hurt, pulling that number out of my a$$!)
Triple top here we come.....
just by writing style alone, i wonder if Tyler is actually Jeremy Grantham.
or... are all savvy investment folks equally (and rationally) cynical?
good stuff, whatever the source. tnx ZH. good weekend to all.
as my shiny new ZH mug says: "gold bitches"
Jeremy Grantham has indeed been playing with fire --- lighting up the hash pipe, apparently.
When you get the munchies, Jeremy dude, I have some delicious Lehman and Bear Stearns equities --- you can have all you want! Just don't try scarfing down any of my gold --- everyone knows "you can't eat it!"
I hope this guy is right because this commentary was so compelling that I just put my entire net worth in the highest quality stocks in Vietnam and Malaysia.
I hope this guy is right because this commentary was so compelling that I just put my entire net worth in the highest quality stocks in Vietnam and Malaysia.
Well done, Reese Bobby. Forbes 400 is your next stop ;>/On the Brink of an Asset Explosion
Its not the rally that bugs me.. its the people who are trying to explain to me 'why' we are rallying - as they go on and on about how 'things are better, the consumer is back, housing is up.. etc' - not mentioning at all anything about the massive amount of liquidity being pumped into every open hole the market has. Many just think this is organic and things are back to normal. Ironically these are the same people who were saying "its a whole new paradigm" during the heady days of dot.com. Being a contrarian sucks whilst the bubbles blow... not entirely sure if I'll be able to make it to 1,576 without losing my shit on someone talking about Apple's sales reflecting a stronger economy..
What, failure is an option? How old is this guy anyway?
Yeah, I too remember the good old days when your parents would whip you and you would be grateful for it. You walked four miles to school, happy to have shoes, and happy to have a PB&J sandwich for lunch. You did your homework because your parents actually wanted you to learn something. Mom also used to tell me that the national debt was a good thing because we owed it to ourselves. People paid their debts and avoided bankruptcy because it just wasn't right, and unsuccessful businesses disappeared in due course.
Gee, I am really glad we came to our senses and put all that nonsense behind us.
Fortunately I had grandparents grew up during the Depression, my great grandpa (grandma's dad) used to start walking Sunday evening to get to the farm he worked at by Monday sunrise, stayed in the haymow of the farmers barn throughout the week and began walking home Friday evening to his wife and kids. All that for $10 which was enough to keep everyone fed. The general store in that northern Wi. town was gracious enough to let people run up a tab which was paid off at the end of the week because the locals were trustworthy, honest folk. Anything they were lucky enough to get their hands on was NEVER thrown away, old clothes were turned into insulation, grease turned into soap, etc etc.
The stories are interesting and IF we are truly entering a depression I bet a dollar to a donut that if things are to get anywhere close to as tough as they were back then that this country will erupt in mass violence the likes of which we have never seen here.
I welcome such a scenario. People in general need to be brought back to earth and stop looking to external things such as Ipads and American Idol to feel good about themselves. Maybe, just maybe, we could get America back.
Creative destruction baby, bring it.
check this out..
http://howicausedthecreditcrunch.blogspot.com/
Is this guy real? Yes, he definitely is. You can see his name on the GS termsheet for the Abacus deal, last page of
http://www.docstoc.com/docs/34830057/Goldman-Sachs---ABACUS
alongside the now ffamous ffabulous fFab, and the soon to be famous Mr Egol.
I think the assumption that 'they' don't believe in bubbles is not neccessarily true. It isn't possible for the powers to not see that this market is light years ahead of itself.
They are causing it so they know what they are creating. Are they just going to keep pumping 'free' money into the markets until one day the US economy does catch up? At some stage they will have to say enough and the just support the acheived level but never allow a correction. IF so then this market will be hanging out their on its ledge for years. Unless some black swan comes along, or they run out of printing presses.
From Richard Russell tonight...
Silver has been called "the poor man's gold." Never mind, what I'm interested in is whether silver will remain in this ascending channel. A year ago silver was selling like something out of a compost heap. In early 2005 you could have bought all the silver you wanted in the six dollar range. Now silver will cost you around 18 dollars an ounce.
Today an ounce of gold will buy 64 ounces of silver. The historical ratio has been around 16 to 1, so silver compared with gold is cheap. Nobody knows whether silver will climb back to that old ratio, but we do know that silver is cheap. I like silver here, and the easiest way to buy silver is through the ETF (SLV). The negative -- central banks don't collect silver.
I am of course assuming that it isnt their intention to take this thing high and then trash the whole thing and the country. Now why would they do that?
I dunno...........
When I start getting "pump it up" on this site? It makes me think about taking a vacation from the market.
"Old highs".......sp 1600........let's get down........401k-ites will come running"
Personally, I think that if they burn the baby boomers one more time you'll see violence in American streets--and I don't mean Tea Party discussions.
People are fucking sick of this bs.
Maybe the markets will go up fast enought to even make a profit on the Direxion 3X bullish issues.
Damn good stuff. Thanks ZH
Who Knows we all know that this is not a free market anymore and peope who go on about tech Analysis with head and shoulders, extreme readings, Channels, Vix signals, turn dates etc etc etc are delusional. They all mean nothing in a TOTALLY manipulated market.
Have a look at nathans economic edge, he talks about this every day and every day for the past year he has been wrong.
Lets just accept that the market will do whatever the squid wants it to do. All other talk is futile
One things for sure cash IS trash at this point
and that I belive is the point. YOu ned to invest in the companies that TPTB have chosen to survive
Ie big banks and other corporations. The New world order is here. Terrible though that may sound its the truth
I think they plan to destroy all currencies and then bring out a new one with only the Forbes 500 companies surviving
so immoral as it may be, for any wealth preservation we have to have stocks oin those companies
I hate those companies but unles you want to grow your own food I believe that is the only way to survive now.
Proof in this is the price of stocks of non big players
they are still near the lows of last year
only stock to rally are the big names
This is the world we now live in.
Prechter, Mchugh or anyone who tries to use the tools of the old world are deluded beyond belief
DOW chart threatening to break out.
MARKET UPDATES:
http://www.zerohedge.com/forum/latest-market-outlook-0
Precther is calling a Top! Its his fourth in as many months. Call top, Market goes higher, take out pencil, repeat.
I believe January he recommended a Levareged short position of 200% on the SPY. lol
My impression is that ZH caters to bears, and if recent postings are accurate, most of those bears have capitulated and gone long. Some of you may think the govt/Fed/whatever can manipulate the market. I still stubbornly refuse to believe something as massive as modern financial markets can be consistently manipulated.
dead parrot then you are dead wrong as has been proved for over a year now
Prechter has been right about twice i think
its pseudo science what he preaches
it all makes sense as does machugh but when you have taken out most competition and have massive amounts of HFT trading going on then I belive the markets do what ever GS ect want them to do
To think otherwise is naive
Jim Sinbcalir called deflationists dumb
and he is right, when you know that they will print to infinity
The only other guy who has been consistently correct
is Faber and he said stocks look more attractive to currencies
Someone needs to do a forces model, and also realize that the next market crash, the keys will be taken away.
To assume they will have the ability or authority to print to infinity is one helluva losing bet.
The game can go on forever? Everyone else is dumb? Looks like Jim Sinclair is the biggest idiot.
I love hearing sophistry.
They may TRY to print to infinity. But when the crisis becomes 'real', and so far, it really isn't (compared to what's coming), people all across this world will demand action. Because if they don't, they'll die.
People when approaching anything close to that sort of situation, will stand up, throw the criminals into prison, change the system, and everyone going long infinity based on that the fraud will continue, will probably lose everything.
The market stops behaving badly, when we throw out the people, the policies, the horrible regulation that allow the market to behave badly. If not, it will just get crazier and crazier, until full disintegration of the world ecnomic monetary system. But by that point, those that did it, should of had enough time to protect themselves. At least the ones not convicted or murdered.
Deflationists are dumb? How about everyone who has their head in the sand is dumb? That could be in ALL different market positions. Bull and bear. You can be either, and still not grasp the entirety of the situation.
Most people still have their head in the sand, even if they are quite aware of the 2008 'crisis'. The fact is, the crisis, has been decades in the making. If you don't understand that, you aren't seeing the whole picture.
If you don't understand the 6th force, and how much power it REALLY weilds, when it isn't corrupted (hard to tell when your whole life its been corrupted), then you'll be left holding the bag.
Be wary of all casino bets. They can be cancelled at the stroke of a pen and made worthless. Especially when the case is if we don't, every other part of the world economy implodes.
Lots of idiocy and sophistry going around. Be aware of it, and avoid it.
Yabs,
So, obviously the market's manipulated and distorted. But I'm curious about just how much. You're saying the market provides absolutely no predictive info about companies. None, whatsoever?
Because, calling it all GS and nothing else is such a conspiracy theory thing to claim. It's akin to those people who said George Bush caused 9/11 so that he could go gunning for Sadam.
I post rarely, read a lot. Mainly, I'm interested in your thoughts.
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