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Know when to walk away, know when to run...
You know the shit is going to hit the fan when the world is waiting on the agreement of a group of socialist, fascist, Keynesian, retards.
Learn how to hunt fools.
The President's Working Group must own half of the equitie market.
Damn, being short in this market feels like I just walked through an automatic car wash.
Long straddle and play the volatility from both sides
trade a strip straddle if you,re bearish
buy 1 ATM june 12 call option and at the same time
buy 2 ATM june 12 put option
... and trade a smaller ratio of short options against them to protect against time decay.
You need to stick that hog a little lower "hunter".
You lunged him to death.
When everyone is in money markets, that's when the real shitshow starts because money markets are gonna blow up first.
And that is when the sheep will wake up and become "freedom fighters". Real pitch forks, chaos and such.
Why does your video show people who have no idea what to do with the hog once they catch one?
In hindsight, I think it was used as an instance in which people need to learn how to hunt. Not as an example of his hunting prowess.
Bank run is ON!
if 95% of retail investors are wrong, this means markets are going higher purely from a contrarian perspective
Retail investor can't afford to lose any mo fiat.
Core Logic is out with the state-by-state housing value change for the past 12 months, chart via Dr.Bubble . OUCH !
So is this not totally bullish? It seems to make it much easier to manipulate it up if there is nobody left.
I have done my part, told my folks to dump half of their mutual fund holdings....and to dump the other half if Santa and his 'green' nosed reindeers show up this xmas.
I do my part too by visiting the fine momos on CNBC chat and reminding them that even the 2 watt bulbs in mutual funds are brighter than they are and got the hell out.
Going long on the Bank of Sealy.
how does the market melt up if everone is withdrawing? Who is buying?
David Corzine got some GS $$$$$$.
401(k)s and they won't know until after the New Year where a unceremonious dump will follow.
I am SO glad I didn't sign up for my employer's plan (cheap fuckers dont match anyways; however, I had to OPT OUT of it - what a racket).
The guys who are pulling their cash out have the smart people working for them.
I did, and after I figured out the racket, I stopped contributing, did the max loans (50%) twice, buying PMs.
We got out of ours.
The Board met and made new policity effective immediately on 401k. ANy employee holding 5K or less can cash out immediately while any others above 5K is converted into a Annuity payable at 62.
One annuity was good. But have thought about using Wentworth or some other service to pry the money loose lump sum and screw the remaining 5 years of payouts...
I hear you but you have to worry about the ability of the insurance company to pay out the annuity at age 62. Really worry. An annuity is an unsecured promise to pay (albeit "regulated"), not unlike a credit default swap with no collateral.
Great explanation. One problem is that the "regulated" part is on shaky ground too. Just search PBGC and pension short falls. Just because they send you a quarterly statement, doesn't mean the money is there.
That annuity trick is not legal. Fight back. They have fiduciary responsibilities to provide multiple options(see ERISA). It's just a way to kick the can down the road and avoid a 401k "bank run". No different than insurance companies selling hurricane insurance before a storm and then declaring bankruptcy after the event.
These scumbags treat people's pensions as their own money(ie MF Global). It has to stop.
How is that legal? They force anyone with over $5,000 to go into an annuity? If it is Fixed they force you to get the terrible interest rates that are around thanks to ZIRP. If it is Variable, I'm sure the manager forces you into the stock market bubble.
Algos, Robots, SkyNet.
And yes, I had a nice short position on that got reamed.
"how does the market melt up if everone is withdrawing? Who is buying?"
That's why it melts up. very low volume. if everyone pulled out and there were only two traders left they could decide manipulate the market and transact the spx at 1600 if they wanted to for a whopping 27% gain
Bizarro World, where the marginal buyer/seller not only represents the market, it IS the market.
Light volume ramp. Takes less cash. And check margin debt, quite high given where the markets at. In other words hedge funds in and cash equity holders out. If your long be very careful here. Markets walking on air. We could move higher into yearend but I'd be concerned the bids fall away sooner.
the smaller the market the easier it becomes to manipulate higher or for that matter lower. The big problem which the fool Bernanke fails to recognize is that the fewer market participants the smaller the wealth effect for the people he claims to care for. Bernanke is a failure and no one can defend his policy.
If he really wanted to re-inflate the ponzi - he should have came out of the closet and told everyone 'the ramp' is on, buy stocks, even if you can't afford food or gas, because stocks are going up. We'll all have skin in the game. Make it illegal to NOT be in the market - the children will buy equities of those retiring and their children will buy stocks to pay for their parents retirement and.... on ... and on........
That would work, right!!?
Does nobody see this is all intentioal? collapsing currencies all over the world and now the US has been put in the position to print and print and print to ultimately collapse the dollar. This has been an effort to get rid of the dollar as the worlds reserve currency as stated by china, russia, opec. the fiat system was put in an awkward postion to have DC to save their banker and wallstreet buddies even though by printing only to lose our freedom and sovereignty through a eventual world currency / planned economy. Lehman was allowed to fall because of the importance in the global markets via their commercial and money market accounts. when that froze up and no one had anywhere to run, they ran to printing money. George Soros sums it up best in his Open Society where he seeks no borders or nations or cities or towns. You may dismiss him but all you have to do is read his books and his theory of reflexivity and falability. No Joke
Well that's putting the cart before the egg.
Soros does nothing to benefit anyone but himself.
Ghost in the Machine. Not kidding.
Aurora Ex Machina.
I did tell ya all...
Whatsamatta? Too good to use y'all? ;-)
I prefer youse. As in, "All youse guys know I tolja ta buy PMs, and now youse guys ain't gotta pot ta piss in or a window to trow it out...."
Sheeples are paying down debt, not "fleeing" the market!!! Only the ones with investable assets and little to no debt will stay inn! IMHO!
Was it not because of the MF Global event? I would forget about the 8% and keep my cash.
I know a lot of people who are dumping their horseshit funds but instead are buying individual dividend paying blue chips etc. I don't know if/how that is accounted for here.
I'm sure Mary Schapiro of the SEC is right on this...just as soon as she finishes her three year long meetings with Wall Street criminal banking syndicate giants like J. Dimon...about what SEC rules Mary should just forget about.
What an absolute disgrace. By contrast, dumb ass Bob Pisani summed it all up with, "Well, it [IMF rumor] may have been denied, but it moved the markets." This is the state of "journalism" at the BlowHorn [CNBC].
Occupy the SEC
Occupy the FED
Occupy the MSM
Occupy the "Tribe"
SEC = Shred Evidence Completely
Save Every Corporation
Sheep Excrement Commission
The Golden JackAss Jim Willie even says your money isn't safe in your TD Ameritrade accounts. Crazy times we live in. I'll be sitting this one out for awhile.
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