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But there is no way to know which direction the leverage is pointed up (long) or down (short). Is that right? That would matter I would expect.
I'm holding my capital waiting for the real deals, there's still a bit too much hopium in the system. When people finally realize that stocks ran up because everyone thought the world was fixed and projected growth in the system whereas now everywhere you look things can only get worst there's going to be a massive dump in the market. Gold has it right, there's a massive collapse coming
Agree, sitting on sidelines, I own just a couple of strong utilities right now. They pay good dividend and wouldn't you know, they're practically even on this day.
Look at AWK. Its been good to me.
Thanks I will. Also take a look at AT, good yield plus some good deals in the works, it has pricing power and it's going to do well the next 24 months in this market.
Unfortunately, you missed the article yesterday on the manipulation of gold (www.gata.org). They have now rigged it so that GLD (and real Au) is paralleling /ES and /YM.
Ten year note 1.75% !
Negative yield on the Ten would sure stump the econ profs :-)
i wouldn't buy the ten year treasurie bond
if it was printed on bernankes skin ..
tattoo the ten year
CNBS Najarian sez buy the fear, FCX
True, but maybe in about another 6 months.
Until there is a real domestic liquidity crisis that causes selling sufficient to overwhelm even short covering, I don't see how we get back to the 666 level in the near term, though I would love to see it (and would profit from it). Otherwise, this selloff just doesn't feel like a real panic.
I'm betting that as large investors gradually sell their treasuries into Operation Twist, they will reinvest their proceeds in the equity markets, which will give equities a boost, though not as pronounced as QE 2. The equity markets are just whining today because there is no LSAP component to what the Fed delivered yesterday.
Rational evaluation . . . . but hard to ignore what's behind the curtain.
What is behind the curtain, any one care to add to the list?
Let them eat cake.
Taking proposition bets on 666 breach
All of this is healthy. I like this crash. Waiting on the sidelines with lots of cash, going to buy solid dividend payers once we hit DOW 7000.
Glad I sold out of some of my gold with profits. That may be the wrong-term move, but I said deflation and put my money where my mouth was by selling.
Sounds like a solid plan without a sovereign default or two along the way. Keep yer fingers crossed
That is to say provided the .gov reopens after closing. Lotsa Luck!
At least you're honest about it. Deflation has a shot...IF central bankers start sitting on their hands. My bet has always been inflation, but we'll see...
Don't laugh at an amateur, but I stumbled on ZH a few months ago after trying to find an alternative to the news from an obvious lame MSM. I have found an addiction to ZH, but I am entering health field(if there is one in the future) and no very little about finance. I have already learned quite a bit from ZH, but I was wondering if anyone had any suggestions on a book that teaches the basis of finance so that some articles would not seem like a foreign language
Start with "War Cycles, Peace Cycles" by Richard Kelly Hoskins.
I don't know Huck, you might save your gratitude until you have read it. It would not be my first choice. Can you articulate your knowledge of finance at this point? It would be helpful.
I know more than the average person. I understand the basic structure of our financial system, but when it comes to terms like puts, tech support, etc I am looking for explanation. Something to teach more of the trading aspect something like you would learn in your first or second semester of finance.
War Cycles Peace Cycles is a book more about economic fundamentals that is easy to read. But the message will tell you a lot on which sectors to invest in at what times in history.
It is actually one of the best books that helped me to go into gold during the tech crash.
If you are looking for technical information on trading, I would just suggest to read everything you can on the subject. Perhaps start with investopedia.com.
There will always be a future in health care. Follow the demographics, people getting older, you'll be all right.
Now, as for the bullshit part of medicine, not so much, this is coming to an end, because there is no more money. And you will quickly find out there is a lot of bullshit in medicine, any honest doctor will tell you so. Bullshit meaning: doing exepnsive, invasive procedures and operations on people 70+ years old, so that the physician's practicing group or hospital can bill bill bill Medicare, Medicaid, or the underwriter. Keeping people 90+ years old alive on treatments costing $100k a month. This is rampant in the healthcare system, and more docs are starting to speak out about it.
Yeah, I agree the medical field is a mess. But can you blame doctors for the billing or the 100K procedures when medicaid pays 13 cents on the dollar? Malpractice is out of control. It's a government caused problem, and they make the doctors look like the bad guy. The truth is most elderly are nothing but a leech to society. Sounds harsh, I know.
I agree with it. Search my posts, you'll see how I feel about these goddamn boomers -- they were the ones in charge as all of this debt was accumulated, housing pushed to stupid levels. Now the young are expected to fund boomers' retirement? Well F that.
It's why I haven't purchased a house -- to hell with paying some stupid boomer for a home at price levels of 5x average income.
Wow Huck. You sound very young and without life experience. Are you sure the problem is the elderly? Maybe healthcare is not the right field for you.
21. I wasn't looking at it through a moral issue rather an economical issue. I selected health care because I make the moral decision. But from a pure economical stance what benefit does a retired unproductive 80 year old provide to the economy? Seems they just collect ss, medicare, etc. I try and find some benefit because I want to, but there seems to be nothing. If you have something please educate the youth, that is why I am here. From the moral perspective would I want this person dead? Absolutely not.
green eggs and ham..
Somewhere around here is a primer/gloassary. I can't seem to find it right now though.
A warm welcome, Huck.
The books are currently being burned, you will deliver all currency to your local Federal Reserve charter bank where they will issue you the new script. All passports have been cancelled, unless its official government business. Your successor President will make a speech next Tuesday, the markets will be closed beginning Monday. Congress is in recess until further notice. Remember to obey any instructions you receive from a peace officer, or any duly authorized pentagon contractor.. We will be issuing a list of DOD authorized security contractor license numbers. Beginning Monday all power grid regions will have rotating blackouts to determine integrity of the security in place. Cell phones will continue to operate at the discretion of the carrier, and concurrent with the needs of local law enforcement.
This is not martial law. Remain calm.
Not concerned. This is a buying opportunity. Especially in Copper. FCX and TGB.
500 pt down day
for the dow...?
a walrus eater
can only hope..
Is there a lot of volume?
JACK JOHNSON LYRICS
"All At Once"
All at once,The world can overwhelm meThere's almost nothin' that you could tell meThat could ease my mind
Which way will you runWhen it's always all around youAnd the feelin' lost and found you againA feelin' that we have no controlAround the sunSome sayThere's gonna be the new hellSome sayIt's still too early to tellSome sayIt really ain't no myth at all
Keep askin' ourselves are we reallyStrong enoughThere's so many things that we gotToo proud ofWe're too proud ofWe're too proud of
I wanna take the preconceivedOut from underneath your feetWe could shake it offInstead we'll plant some seedsWe'll watch em' as they growAnd with each new beatFrom your heart the roots grow deeperThe branches will they reach for whatNobody really knowsBut underneath it allTheres this heart all alone
What about is goneAnd it really won't be so longSometimes it feels like a heart is no place to be singin' from at all
Theres a world we've never seenTheres still hope between the dreamsThe weight of it allCould blow away with a breezeIf you're waiting on the windDon't forget to breatheCause as the darkness gets deeperWe'll be sinkin as we reach for loveAt least somethin we could holdBut I'll reach to you from where time just cant go
What about is goneAnd it really wont be so longSometimes it feels like a heart is no place to be singin' from at all
Got to take a look at the y/y level of margin debt. Currently only 13% above last year. Get worried when it is up over 60% (got close in Feb at +40%, prior was June '07). Get excited margin debt is down 20% vs. year ago (last time was beginning Oct '08 to Nov '09). Still in no man's land, but getting better. Debt has been declining steadily since April '11 peak - down over 18%.
They want that QE Crack Ben...Make a move and the Dow gets it !!
They might get it, in October, if the bubbles pop by another 15-20%.
Yeah agreed..at least another 10% down likely 15%.
tylers headline sounds very msmish..."still 60% higher than 2009 lows"!! ;)
I'd remain on the sidelines until we have a much bigger drop. Those margin calls haven't come in yet. Eurozone pin hasn't even been pulled on the grenade. But it's coming.
When this thing blows, it's going to be spectacular. And we're going to have solid companies priced at the opportunity of our lifetimes. Fucking LOVE it.
Also, sold my GS and NFLX shorts way too early. I'm a horrible short termer on the downside, as I had major winning positions but let them go for too cheap (made some, could have made a lot more).
"In other words, people still refuse to believe that any market meltdown is for real." Too late to talk about meltdown, time to load up, while monkeys are selling.
Punks are probing 1120 now..
S&P yield more than 30 years treasuries, that was only
couple of times in history
donkey kong and/or deer... will we see either today?
Are we imploding?
I don't get CNBC here. How are those monkeys taking all this? Oh, wait, it must be due to the weather...somewhere.
Sorry, can't help you. Mute button permanently activated.
How come you never hear the peak oil maniacs on days like this? Oil is down 7% and it's crickets from that group
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