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And the Dow rallies...
the dow isnt rallying. the EUR is rallying. the dow is just hitching a ride.
At this point all markets foreign and domestic are just cheap whores willing to take anything in trade.
Oops, was that my out-loud voice?
It's a bit of a downer when the gold price is higher than the Baltic Dry...
maybe the fact that ALL SPANISH BANKS FAILED THE STRESSTESTS?
It must have been all Greek for them...
I-PADS saved us!!!!!!
That's gonna hurt the cheerleaders and other assorted enablers. It's not the fall that kills you, but the sudden stop.
equity futures liked it.
If you trade using fibs, it wouldn't have mattered. futures will hit 1317 this morning on ES... this is what happens after a pullback to the 6.18 almost to the tick ... then you'll see a bounce to the 3.82, which btw is around 1317. After that we'll have to see if they retest the highs or go lower. The futures are heavily traded using fibs regardless of news.
Question for you (semi-serious) - if Fibonaci trading is a reliable investment strategy, then why aren't you and the other Fibonaci traders richer than Warren Buffet?
It seems that just last week technical analysis completely failed. The S&P was below a key moving average. The technical traders were expecting a test of the moving average and then a sharp leg down. Except it didn't happen. The S&P punched back through the moving average to the upside. If you had traded expecting a sharp leg down based on technical analysis you lost your ass.
Equity futures are full retard....never trade on full retard.
I think that FX guy (John Taylor) might be on to something.."By Q1 2012 we are going to be in a recession damn it!
Hang on, we haven't finished with 2011 yet...
2012 is a Depression...
2013, outright fail.
how does this work?
I hear a big dump coming, honkies!
you mean bigger than a 3700 to 1 sell to buy ratio? Yikes, I should buy some more ammo.
Is there ever a point when you have enough?
Unlessyou have somewhere to cache it, just purchase enough to have on hand for the roving mobs.
When the .gubs come for it,you won't need any, if you do, your dead.
Door#1, or #2, which comes first.
$64k question............my money is on #2.
Distributed caches. Just use a vacuum sealer and bury a few.
PVC pipe makes a good storage container also.
Just leave one easy to find cache.
How long do you plan on living in your survival bunker? If the Mad Max world you envision does come to pass, you wouldn't be able to leave it because someone with a hunting rifle would shoot you, right? Have you calculated how long your food, ammo, water would last? And what do you do about sanitation? Are you just going to poop in a garbage can? That sounds lovely. Or is your survival bunker hooked up to the sewer system? Have you figured the chances of you going insane living in paranoid isolation over long periods of time?
RF is savvy enough not to answer your checklist of questions. But for reference, check out some of the hard core types here...
Umbrellas are useful before it rains, ED.
Have you figured the chances of you going insane living in paranoid isolation over long periods of time?
Sure beats watching TV which is all brainwashing of the sheep by the elites.
I have enough dead tree books to last a lifetime.
Add in hunting, fishing, planting and harvesting, and I really don't think I'll be all that bored.
Grab on with both hands...it's gonna be a growler!
Ouch... That's going to leave a mark.
Futures declined mildy on bad trade deficit, and now are up siginficantly. It must be the Berlusconi reassurances coming through at about the same time...
Futures 'up significantly' at -14 after yesterday -180? Im not so impressed with the retard futures myself, what is it 2005 all over again?
Winning the future(s).
There's a theme emerging here. Now let's see how the rest of today goes. Is that the smell of a Treasury auction burning? Or is it ES?
Recession is good for the market now....right?
I haven't been this bullish since April of 2008.
The new worker monkey a la Linda Green. Where's Banzai7 when you need him?
^^Looks like a 2010 law school grad.
I wonder if he can pay back his student loans with three day old bread?
No, but he can go jack off at a nfp or government position and probably get them forgiven (on top of a mediocre salary, but probably no less than he would otherwise get starting out at a private firm)... of course, if he can't pay, then he can probably get a forebearance... and by the time he gets a job that will allow him to repay them, the market will have cleared and there will be no reason for the government to hold his feet to the fire (since it won't be around in the same form and shape and will probably have a new outlook on the world).
Are you jealous or angry?
I'm not angry with those who utilize the system to their pecuniary advantage... I'm angry with those who change and grow the system to their pecuniary advantage... and, no, I'm not jealous... I'll take my position over needing a forebearance or having to waste my time at an nfp or government employer any day. If my situation was different, I'd hit them up for a job, just the same... but, thankfully, it's not.
What was the GDP of the US again?
It must be hard these day to calculate a new debt ceiling compaired to GDP these days...
ah ha SD,
therein lies the rub.....the US GDP number.
its all been a lie and all of the debt has been built on this number. therefore, from deductive reasoning, all the debt has been built on a lie.
the GDP calc is/has always been one of the main problems.
Everything is safe again now, don't worry sweetheart you can get back in the water
but not near Japan...
And surprise surprise, equities go nuts. Recessions are bullish! What a joke...
Anytime now when apocalyptic movies are on such as "Deep Impact", "Armageddon", "28 Days Later", "Mad Max", "Knowing" etc, I sit there watching them thinking, I bet you the Dow was still rallying in those scenarios...
smooth transition of power from US to China...
relax...or try to
It's the end of the world as we know it. It's the end of the world as we know it. And I feel fine.......
US and Western product companies are in a death spiral. Because of bank and government overhead (and to a lesser extent labor costs) they can no longer afford to manufacture in the US and they can no longer commit infrastructure building assets in the Western World.
Western companies have become renters of manufacturing instead of owners... The Chinese and other Asian companies are the landlords and simply rent manufacturing (and we will see more and more R&D, financing and Engineering rented as well) just as poor people who cannot afford a down payment on a house rent from a landlord, who accumulates the profit as well as builds equity.
As the situation continues and Western companies borrow more and more to support the drain of money to elitist executives and to China/Asia the Western/US companies will slide down the slope of becoming hollow shells until one day people wake up and discover that they are better off buying from the source directly and forgetting about Intel, Apple, GM, GE and other companies that sold out the US first by choice for greed and then as a means to maintain executive (banker and politician) lifestyle at the expense of everyone else.
The arguement of late seems to be between those who predict financial armageddon in the near-term, and those who see it coming in the mid-term.
I am new to the site and I don't want to seem jaded, but older threads have predicted the collapse before.
With complete sincerity and interest, I would like to ask the ZH community what the odds are of collapse by October 1st?
Collapse defined as 70% to 80% loss on equities.
The 'collapse' already happened a few years ago, just been papered over with trillions printed out of thin air while illusionists keep up their daily act.
Follow up question:
Do you think the surge in oil prices caused the collapse of 2008, or was it a sign of fractional banking leverage?
Put more simply was peak oil the tipping point?
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