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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Cholo4Life on June 20, 2013, 04:42:00 PM
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what do you feel the dems and GOP did to cause the sell off?
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what do you feel the dems and GOP did to cause the sell off?
Letting a semi functional retard run the fed....and run his mouth....nm
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Letting a semi functional retard run the fed....and run his mouth....nm
LOL maybe, tappering is going to happen sooner or later anyway....all he said was that they will watch the economy and when the economy seems like it can with stand it they will begin tappering and not sooner.
it wasnt what he said really it was the over reaction by investors.
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LOL maybe, tappering is going to happen sooner or later anyway....all he said was that they will watch the economy and when the economy seems like it can with stand it they will begin tappering and not sooner.
it wasnt what he said really it was the over reaction by investors.
He can't let interest rates rise....he knows this, no matter what! A 3% increase on bonds will evicerate the federal budget due to debt payments. He should not talk at all....just pump and hope Europe implodes first!
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Dem and GOP politicians need to make sure this doesn't become a habit or they will be looking for real jobs.
Let's recap how ass backwards this situation is. The Fed has been giving out monopoly money and strangling interest rates for years now. As a result, stocks have been artificially inflated to the point of absurdity despite the fact that the US economy still remains fundamentally shitty.
It has now reached the point where Bernake's fart's dictate market activity.
Uh Oh, seems like less economic stimulus (aka free money), better sell. ::)
To paraphrase a truism which is applicable to everything-- Things that can't go on forever, dont.
The economy is headed for a death spiral.
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Let's recap how ass backwards this situation is. The Fed has been giving out monopoly money and strangling interest rates for years now. As a result, stocks have been artificially inflated to the point of absurdity despite the fact that the US economy still remains fundamentally shitty.
It has now reached the point where Bernake's fart's dictate market activity.
Uh Oh, seems like less economic stimulus (aka free money), better sell. ::)
To paraphrase a truism which is applicable to everything-- Things that can't go on forever, dont.
The economy is headed for a death spiral.
Why so gloomy....scared of a little complete systemic failure, lol
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He can't let interest rates rise....he knows this, no matter what! A 3% increase on bonds will evicerate the federal budget due to debt payments. He should not talk at all....just pump and hope Europe implodes first!
not if the rise is as a result of GDP increases...and thats EXACTLY WHAT HE FUCKING SAID!!!!!!
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Where are those guy Benny gimmicks Hawk and Necrosis to tell us how great the market is doing.
Kind of funny how those dipshits actually claimed the fundamentals of the economy were strong! LOL!
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not if the rise is as a result of GDP increases...and thats EXACTLY WHAT HE FUCKING SAID!!!!!!
Using the "new" GDP computations?....ROTF
If he stops the pumps....the body dies......nm
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Using the "new" GDP computations?....ROTF
If he stops the pumps....the body dies......nm
when gdp starts to increase, they will tapper...
it basic economics, not doing so will cause massive inflation.
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Where Benny or his gimmicks thread about how Obama was God when the market was up. This is what happens when you artificially try to pump money into a failed economy.
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when gdp starts to increase, they will tapper...
it basic economics, not doing so will cause massive inflation.
Basic economics requires routine market adjustments without artificial forced growth.....GDP cannot grow faster then deficit spending increases and compounding debt plus entitlement increases....plus manipulating data to show growth is reckless, plus inflation is outpacing growth...even if the fed tells us the opposite. Bodies near death, how long the pumps keep the heart beating is anyone's guess.
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Basic economics requires routine market adjustments without artificial forced growth.....GDP cannot grow faster then deficit spending increases and compounding debt plus entitlement increases....plus manipulating data to show growth is reckless, plus inflation is outpacing growth...even if the fed tells us the opposite. Bodies near death, how long the pumps keep the heart beating is anyone's guess.
youre all talking points and no actual economic education...
basic economics says that if more money is chasing fewer goods we will have inflation, you know why the govt buys bonds right?
you know what happens to the amount of money in the economy when it becomes stronger right?
what does the fed need to do in order to take money out of the economy in order to help limit inflation?
the body is not near death ::) where do you morons get this shit? the economy is getting better slowly but surely mainly b/c washington finally decided to leave it the fuck alone and let it work its problems out instead of butt fuking it at every turn.
anybody who knows anything knew a correction was coming and if you were smart you saw it coming and either got out if you could or bought some puts.
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We have moved up month on month for 7 straight months.
We have now gone down to last months lows on the market. Sure, we did it all in one go but really - we are just sitting at Mays low right now.
Don't think the sky is falling in just yet. November, 2012 the S&P was at 1340.
Markets don't go up in a straight line but you can guarantee one thing. Every time it pushes up or pushes down, the media is all over it - claiming it to be the end of the world or the dawn of a new age.
Any new short-term speculative short positions made over the past few days will have to exit by buying. That sort of thing can drive the markets back up just as quickly, in which case somebody will probably write a thread on here about how Obama saved the day and caused the move back up.
There really isn't anything special about the last few days. It happens all the time.
In terms of the markets and their raison d'etre - well that's been fucked for ages. They are a casino.
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youre all talking points and no actual economic education...
basic economics says that if more money is chasing fewer goods we will have inflation, you know why the govt buys bonds right?
you know what happens to the amount of money in the economy when it becomes stronger right?
what does the fed need to do in order to take money out of the economy in order to help limit inflation?
the body is not near death ::) where do you morons get this shit? the economy is getting better slowly but surely mainly b/c washington finally decided to leave it the fuck alone and let it work its problems out instead of butt fuking it at every turn.
anybody who knows anything knew a correction was coming and if you were smart you saw it coming and either got out if you could or bought some puts.
Oh gawd another Econ101 teacher or a investment firm sales jokey mouthing off cause he attended some second rate Econ classes in some Podunk U....
Firstly govt dont BUY bonds they issue them, I really don't feel like having to explain in great detail as I don't care enough to educate you....so I'll keep it brief.
The loss of equity was soooo large that if you turned on every press and printed until the gears wore out you still wouldn't fill the hole left just by the loss of equity in the US real estate.....so inflation is not an issue...QE 1,2,3,4 are nothing compared to central bank swaps the fed has been doing. So that being off the table why would Ben stop pumping money into member banks....
If you think a stronger dollar is an option for a US that has trade deficits with almost every country we trade with.....you need a refresher course....dollar will be suppressed, especially since the four winds policy in China is now in full swing. Wait till the credit markets are completely frozen in China....and there goes your stronger dollar theory.
It's late....and I don't give a shit enough to type more. :-\
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Those who disbelieve spend their money to repel others from the way of GOD. They will spend it, then it will turn into sorrow and remorse for them. Ultimately, they will be defeated, and all disbelievers will be summoned to Hell [8:36]
A system driven by interest that deprives the poor and enriches the rich is bound to ultimately fail. A system bred through corruption will indeed fail. Greed, deceit, deception, lies all tumbling down eventually.
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Dem and GOP politicians need to make sure this doesn't become a habit or they will be looking for real jobs.
They'll be ok. Walk straight into executive level jobs where you have to know fuck all apart from having a silver tongue.
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Dem and GOP politicians need to make sure this doesn't become a habit or they will be looking for real jobs.
::) ::)
And to think a week ago you were praising Dear Leader cause your 401k was ok remember?
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Who appointed Bernake in the first place after he served as the chairman of his Council of Economic Advisers?
This is bigger than who is in the White House. Money is bipartisan and serious, unlike 98% of the other "political" issues people mentally masterbate about.
That is not the tune you sang last week. Additionally Obama reappointed bernake remember?
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Dem and GOP politicians need to make sure this doesn't become a habit or they will be looking for real jobs.
HEHEHE! Become a habit?
Do you actually believe the stock market should be this high? That bubble will burst, sooner or later, and when it does it will not be pretty.
If the market were to reflect the actual economy it wouldn't even be a 10k.
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dropped 560 points in 2 days.. What the hell, I think it was over reaction so I went all in this morning and hope to see a relatively good gain by Tuesday.
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It's a mixed day today.
Time to go to Lavo for lunch.
::)
Look again
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:)
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Oh gawd another Econ101 teacher or a investment firm sales jokey mouthing off cause he attended some second rate Econ classes in some Podunk U....
Firstly govt dont BUY bonds they issue them, I really don't feel like having to explain in great detail as I don't care enough to educate you....so I'll keep it brief.
The loss of equity was soooo large that if you turned on every press and printed until the gears wore out you still wouldn't fill the hole left just by the loss of equity in the US real estate.....so inflation is not an issue...QE 1,2,3,4 are nothing compared to central bank swaps the fed has been doing. So that being off the table why would Ben stop pumping money into member banks....
If you think a stronger dollar is an option for a US that has trade deficits with almost every country we trade with.....you need a refresher course....dollar will be suppressed, especially since the four winds policy in China is now in full swing. Wait till the credit markets are completely frozen in China....and there goes your stronger dollar theory.
It's late....and I don't give a shit enough to type more. :-\
LMFAO neither but I do help manage more money before lunch then you will make in your lifetime. I made it simple to understand b/c you seem to have a tenious grasp of the reality of the situation.
The Fed doesnt buy bonds eh?
http://www.nytimes.com/2013/06/20/business/stocks-slide-on-fears-of-cuts-to-feds-bond-buying-program.html?_r=0
http://online.wsj.com/article/SB10001424127887324577904578555562630037552.html
this alone should shut you the fuck up....
how is continuing to print money causing inflation going to help replace the equity lost in the housing markets?
Going to be a tight rope walk for sure but it has to happen...
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LMFAO neither but I do help manage more money before lunch then you will make in your lifetime. I made it simple to understand b/c you seem to have a tenious grasp of the reality of the situation.
The Fed doesnt buy bonds eh?
http://www.nytimes.com/2013/06/20/business/stocks-slide-on-fears-of-cuts-to-feds-bond-buying-program.html?_r=0
http://online.wsj.com/article/SB10001424127887324577904578555562630037552.html
this alone should shut you the fuck up....
how is continuing to print money causing inflation going to help replace the equity lost in the housing markets?
Going to be a tight rope walk for sure but it has to happen...
Monopoly money doesn't count....being some gofer at some second rate boiler room doesn't mean you "manage money"....ROTF you simpleton
The fed is Not a govt agency, having to explain this to you makes me regret the time I take to type it....the treasury issues bond...fed buys the bonds because no one wants them today unless your clearing house promised you hookers for peddling them. Then the fed gets interest payments from the treasury....now pick up the phone and cold call some proctologist with accredited investor status so you can sell him shit paper.
But you must be busy advising the Oracle of Omaha right now.........LMFAO, idiot
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Monopoly money doesn't count....being some gofer at some second rate boiler room doesn't mean you "manage money"....ROTF you simpleton
The fed is Not a govt agency, having to explain this to you makes me regret the time I take to type it....the treasury issues bond...fed buys the bonds because no one wants them today unless your clearing house promised you hookers for peddling them. Then the fed gets interest payments from the treasury....now pick up the phone and cold call some proctologist with accredited investor status so you can sell him shit paper.
But you must be busy advising the Oracle of Omaha right now.........LMFAO, idiot
LMFAO so youre big come back is the Fed isnt a govt agency?...where did I say "govt agency" i said govt and while I know you may believe that an entity created by the govt isnt a part of the govt they are the govt...
hahah not that it matters b/c the facts im stating are true and yours are opinions based on half truths and moronic talking points...I work in wealth management my friend as an analyst the team I work for has 2.5+ billion dollars in assets under management.
Trust me moron, I have a little bit of an idea of what im talking about
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LMFAO so youre big come back is the Fed isnt a govt agency?...where did I say "govt agency" i said govt and yes they are apart of the govt...
hahah not that it matters b/c the facts im stating are true and yours are opinions based on half truths and moronic talking points...I work in wealth management my friend as an analyst the team I work for has 2.5+ billion dollars in assets under management.
Trust me moron, I have a little bit of an idea of what im talking about
So you count other people's money....congrats you've made the practice squad.
I'll spare everyone the Internet bragging you're so fond of....and just say....your economic views are myopic and base and your ASSumptions show how limited you are.
I would not want anyone so obtuse managing my money....now go on with your blah blah blah Internet millionaire diatribe your going to spew forth.
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The fed is Not a govt agency, having to explain this to you makes me regret the time I take to type it....the treasury issues bond...fed buys the bonds because no one wants them today unless your clearing house promised you hookers for peddling them. Then the fed gets interest payments from the treasury
what did you watch wall street and figure you would throw in some buzz words, reference some good old hijinks and you would pass as knowledgable?
the fed buys bonds to inject money into the economy, they generally do this when the economy is weak b/c the amount of money circulating within it is low. When the economy gets going again more money begins to circulate b/c more ppl are working, businesses spending etc. The Fed has to compensate for that extra money so they stop buying and eventually start selling bonds...
its pretty fucking basic
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So you count other people's money....congrats you've made the practice squad.
I'll spare everyone the Internet bragging you're so fond of....and just say....your economic views are myopic and base and your ASSumptions show how limited you are.
I would not want anyone so obtuse managing my money....now go on with your blah blah blah Internet millionaire diatribe your going to spew forth.
hahaha that would be an accountant and I have done that as well but didnt really like it all that much.
Im not bragging you tard, you called out my credentials and I tell you what they are and Im bragging? LMFAO
Again I am being broad b/c you dont understand even the basic concepts, before you can understand the details you need to understand the overall picture....you havent yet seemed to graps that part....
do yourself a favor and maybe read those two articles I posted as proof youre a moron, it might help you ;)
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hahaha that would be an accountant and I have done that as well but didnt really like it all that much.
Im not bragging you tard, you called out my credentials and I tell you what they are and Im bragging? LMFAO
Again I am being broad b/c you dont understand even the basic concepts, before you can understand the details you need to understand the overall picture....you havent yet seemed to graps that part....
do yourself a favor and maybe read those two articles I posted as proof youre a moron, it might help you ;)
Son....life is hard! It's even harder if your stupid.
I can't continue to explain that the Fed will keep pumping, GDP is useless as a barometer after the recent changes and the economy will continue to disintegrate and create systematic failures in most sectors....that the dollar will continue to devalue and that assets on the whole will continue to deflate in the us....causing the need for more QE. That unemployment U6 will rise....that exports will shrink....
......nm
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Son....life is hard! It's even harder if your stupid.
I can't continue to explain that the Fed will keep pumping, GDP is useless as a barometer after the recent changes and the economy will continue to disintegrate and create systematic failures in most sectors....that the dollar will continue to devalue and that assets on the whole will continue to deflate in the us....causing the need for more QE. That unemployment U6 will rise....that exports will shrink....
......nm
the economy has gotten better, what the fuck are you talking about???
holy shit, I just got it...youre a CT'er!!!!
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the economy has gotten better, what the fuck are you talking about???
holy shit, I just got it...youre a CT'er!!!!
What is a "CT'er?.....contrarian? If so, no I am not.....
Better then 2008,2009? Is that the measuring stick....lol, you're a keynesian aren't you.
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What is a "CT'er?.....contrarian? If so, no I am not.....
Better then 2008,2009? Is that the measuring stick....lol, you're a keynesian aren't you.
CT'er means conspiracy theorist...lol and no I am not anywhere near a keynesian...
Im someone who understands the reality of the situation and doesnt subscribe to any particular ideology.
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the economy has gotten better, what the fuck are you talking about???
holy shit, I just got it...youre a CT'er!!!!
The economy is far sicker. You think because the markets have been propped up with money printing, the economy is better? You are clueless.
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The economy is far sicker. You think because the markets have been propped up with cheap money, the economy is better? You are clueless.
LMFAO where did I mention the markets?
if I thought the markets where an indication of the overall economy's shape do you think I would say that after the few days we have had?
whos clueless now?
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LMFAO where did I mention the markets?
if I thought the markets where an indication of the overall economy's shape do you think I would say that after the few days we have had?
whos clueless now?
Still you.
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Still you.
convincing argument there
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Letting a semi functional retard run the fed....and run his mouth....nm
QFT
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Oh gawd another Econ101 teacher or a investment firm sales jokey mouthing off cause he attended some second rate Econ classes in some Podunk U....
Firstly govt dont BUY bonds they issue them, I really don't feel like having to explain in great detail as I don't care enough to educate you....so I'll keep it brief.
The loss of equity was soooo large that if you turned on every press and printed until the gears wore out you still wouldn't fill the hole left just by the loss of equity in the US real estate.....so inflation is not an issue...QE 1,2,3,4 are nothing compared to central bank swaps the fed has been doing. So that being off the table why would Ben stop pumping money into member banks....
If you think a stronger dollar is an option for a US that has trade deficits with almost every country we trade with.....you need a refresher course....dollar will be suppressed, especially since the four winds policy in China is now in full swing. Wait till the credit markets are completely frozen in China....and there goes your stronger dollar theory.
It's late....and I don't give a shit enough to type more. :-\
WoW! You sooo nailed that one.. ;D
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What is a "CT'er?.....contrarian? If so, no I am not.....
Better then 2008,2009? Is that the measuring stick....lol, you're a keynesian aren't you.
Hey Teddybear,
I wouldn't waste my time responding to this fool. He hasn't got a clue,
...and far worse, ...he doesn't even know that he doesn't know.
If the situation wasn't so dire, ...he'd actually be quite funny.
UK residents are about to be Cyprus'd, ...and it won't be long before North Americans get Cyprus'd too. :'(
Time to back up the pick-up truck again! :D
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As if people didnt need anymore proof other than the links I posted, the questions that have been dodged and the stances you changed that youre wrong.
Right on cue here comes the former gas pill salesman turned investment professional to agree with you!!!
LMFAO I cant think of anything that bolsters my argument more than to have this dumbass disagree with me.
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As if people didnt need anymore proof other than the links I posted, the questions that have been dodged and the stances you changed that youre wrong.
Right on cue here comes the former gas pill salesman turned investment professional to agree with you!!!
LMFAO I cant think of anything that bolsters my argument more than to have this dumbass disagree with me.
The WSJ link was OK...the NYT link is worthless you might as well have linked a blog or one of Krugmans rantings. You linking the NYT is the best proof I need to showcase your lack of knowledge and understanding of anything financial..... Did you know that r&d spending will be part of GDP now...as well as art music and television/print media will be classified as investment. And you're going to talk about GDP growth LMFAO
I drew a picture....GDP growth, I wrote a letter GDP growth I wrote lyrics GDP growth I made a doohickey in my basement GDP growth.....bwahahahahaha
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The WSJ link was OK...the NYT link is worthless you might as well have linked a blog or one of Krugmans rantings. You linking the NYT is the best proof I need to showcase your lack of knowledge and understanding of anything financial..... Did you know that r&d spending will be part of GDP now...as well as art music and television/print media will be classified as investment. And you're going to talk about GDP growth LMFAO
I drew a picture....GDP growth, I wrote a letter GDP growth I wrote lyrics GDP growth I made a doohickey in my basement GDP growth.....bwahahahahaha
it still shows the glaring idiocy that you have in your belief the govt doesnt buy bonds....
It shows you know nothing about how continuing buying them is going to help replace the equity lost in the housing market like you claimed. It shows you have a basic and I use the word lightly grasp of economics.
you can bitch and moan all you want about GDP calculations, one could argue that b/c they leave out under the table transactions, black market etc that they are understated...Im not making that argument though just showing the otherside of the coin.
No matter what you use as a barometer the FAAACCCTTTTT REMAINS, the govt will have to begin to tapper sooner or later to help limit inflation.
youre dumb ass wants them to keep buying indefintely and you dont understand the reasons why thats a horrible fucking idea.
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it still shows the glaring idiocy that you have in your belief the govt doesnt buy bonds....
It shows you know nothing about how continuing buying them is going to help replace the equity lost in the housing market like you claimed. It shows you have a basic and I use the word lightly grasp of economics.
you can bitch and moan all you want about GDP calculations, one could argue that b/c they leave out under the table transactions, black market etc that they are understated...Im not making that argument though just showing the otherside of the coin.
No matter what you use as a barometer the FAAACCCTTTTT REMAINS, the govt will have to begin to tapper sooner or later to help limit inflation.
youre dumb ass wants them to keep buying indefintely and you dont understand the reasons why thats a horrible fucking idea.
THE FED IS NOT GOVT.....are you 6? My 5 yr old can grasp this but you can't.
"It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress".......they can't even audit it.
http://www.federalreserve.gov/faqs/about_14986.htm
If the fed stops buying bonds 1 trillion leaves the GDP, can you grasp this or do you need your team to analyze this. The treasure spends the trillion the fed spends to buy bonds and counts the expenditure in the GDP......then the treasury send interest payments to the fed not a gov agency.
The asset purchase program of the fed plus the backstop guarantee of the FDIC who gets their funding by the fed via the treasury proxy is designed to replace the equity as is the back door sales of mortgage back securities and low fed window rates for banks forcing low rates for new borrowers, until trillions of equity are replaced the fed will pump and pump and pump...
And you're too inexperienced and naive to see Bens statement was to let some of the air out of the market....before the bitch explodes with a 40%+ correction taking the economy into hell.
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Now I'm going to pick up my order of burger patties at my local butcher....so don't panic I'll be back to further enhance your knowledge and understanding.
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THE FED IS NOT GOVT.....are you 6? My 5 yr old can grasp this but you can't.
"It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress".......they can't even audit it.
http://www.federalreserve.gov/faqs/about_14986.htm
If the fed stops buying bonds 1 trillion leaves the GDP, can you grasp this or do you need your team to analyze this. The treasure spends the trillion the fed spends to buy bonds and counts the expenditure in the GDP......then the treasury send interest payments to the fed not a gov agency.
The asset purchase program of the fed plus the backstop guarantee of the FDIC who gets their funding by the fed via the treasury proxy is designed to replace the equity as is the back door sales of mortgage back securities and low fed window rates for banks forcing low rates for new borrowers, until trillions of equity are replaced the fed will pump and pump and pump...
And you're too inexperienced and naive to see Bens statement was to let some of the air out of the market....before the bitch explodes with a 40%+ correction taking the economy into hell.
goodness you just wont let that idiocy go will you?
instead you will pick and choose selective excerpts to help your stupidity all the while leaving out the truth...
http://www.federalreserve.gov/faqs/about_14986.htm
"the Federal Reserve derives its authority from the Congress of the United States. It is considered an independent central bank because its monetary policy decisions do not have to be approved by the President or anyone else in the executive or legislative branches of government, it does not receive funding appropriated by the Congress, and the terms of the members of the Board of Governors span multiple presidential and congressional terms.
However, the Federal Reserve is subject to oversight by the Congress, which often reviews the Federal Reserve's activities and can alter its responsibilities by statute. Therefore, the Federal Reserve can be more accurately described as "independent within the government" rather than "independent of government."
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Lets see the Fed itself says its within government, the feds authority and scope of responsibilities are subject to congress, the Fed chairman is appointed by a President
only a complete and total fucktard or a person who didnt have their facts straight would argue what youre arguing...which one are you bro?
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The US Airforce tracks Santas sleigh on Christmas.....
If you wish to believe that the Fed is a quasi government agency....so be it, how can I refute the word of our trusted government and their website...lol The fact that they cannot be audited, appointees are picked by the member banks and dividends are paid to member shareholders sure makes it look just like the dept of agriculture...you just sleep lemming sleep sleep
I see you glossed over the rest but being a two dimensional drone I didn't hope for much more....2+2=5
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The US Airforce tracks Santas sleigh on Christmas.....
If you wish to believe that the Fed is a quasi government agency....so be it, how can I refute the word of our trusted government and their website...lol The fact that they cannot be audited, appointees are picked by the member banks and dividends are paid to member shareholders sure makes it look just like the dept of agriculture...you just sleep lemming sleep sleep
I see you glossed over the rest but being a two dimensional drone I didn't hope for much more....2+2=5
See what I mean? He doesn't know, ...and far worse, he doesn't even know that he doesn't know.
I'd say I'd love to be a fly on the wall when he finally gets a clue, ...but I fear that would be far too traumatizing to witness.
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LMFAO where did I mention the markets?
if I thought the markets where an indication of the overall economy's shape do you think I would say that after the few days we have had?
whos clueless now?
The markets are a casino.
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The US Airforce tracks Santas sleigh on Christmas.....
If you wish to believe that the Fed is a quasi government agency....so be it, how can I refute the word of our trusted government and their website...lol The fact that they cannot be audited, appointees are picked by the member banks and dividends are paid to member shareholders sure makes it look just like the dept of agriculture...you just sleep lemming sleep sleep
I see you glossed over the rest but being a two dimensional drone I didn't hope for much more....2+2=5
Like I said you are a CT'er....
its not my word you moronic fuck, its the word of a rational individual...
so an entitity that draws its authority and scope of responsibility from congress, has its leader appointed by a president isnt part of the govt?
even though they say so???
yea....a Tin Hat wearing CT'er if Ive ever seen one...LMFAO
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The markets are a casino.
Agreed, risk is involved with all investments.
anybody with a decent understanding realized a decent pull back was going to happen and did what they needed to in order to negate it.
We bought puts and made a decent amount on the correction, also used it to put a good amount of money to work that was sitting on the sidelines.
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Like I said you are a CT'er....
its not my word you moronic fuck, its the word of a rational individual...
so an entitity that draws its authority and scope of responsibility from congress, has its leader appointed by a president isnt part of the govt?
even though they say so???
yea....a Tin Hat wearing CT'er if Ive ever seen one...LMFAO
You're a stupid child that is spoon fed your opinions, wasting time on an office slave is useless...you will always remain an unoriginal second class citizen because you're a drone, analyze that. Now you have my permission to return to your cubicle and row housing....
If you place your ear to the screen you can hear us laughing at you.......
I'm sure you were shocked that the IRS is a political arm of the DNC or that the EPA doesn't give a fuck about the environment and is a battering ram for new energy corporations....but that's what makes you a mindless automaton.
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Agreed, risk is involved with all investments.
anybody with a decent understanding realized a decent pull back was going to happen and did what they needed to in order to negate it.
We bought puts and made a decent amount on the correction, also used it to put a good amount of money to work that was sitting on the sidelines.
I am glad you made money on that but your statement that "anybody with a decent understanding realized a decent pull back was going to happen and did what they needed to in order to negate it." is complete and utter bollocks. Total nonsense. No other word for it.
Nobody 'knows' what the market is going to do and whilst the market has been on an unprecedented run there have been people calling "pullback" for the past 4 months and getting their asses handed to them. Picking up pennies in front of a steam roller is the polite term for it.
So you "had some money on the sidelines" and you "brought puts because everyone knew it was going to move down". I presume you must work for Blackrock or Fidelity with your market timings skills, right?
The only people that had a good idea were those at the Fed who knew ahead of time about the announcements that caused the current move down. Even to those people - it would still be a punt because even they don't know how the market will react.
Trading is a game. I do not mean that metaphorically, I mean it literally.
There is absolutely no way that you or anyone else "knew" that this was the top. Not a fucking chance. Doesn't happen. In fact, the moment that 'anybody with a decent understanding knows' is the EXACT time that the EXACT opposite will occur. Everyone wants to be a trading hero. Trouble is - whenever you hear someone brag about a great trade, you know there's a thousand bad decisions they didn't tell you about. How many times in the past 7 months we have been going upwards in a straight line did you buy those puts? Just this time? You didn't forget to mention doing it 20 times before and getting run over?
Look - if you made some money - go buy a new car or give it to charity because you really don't understand the game you are playing and those that do will soon take this money back from you.
This will help - &feature=plcp - it won't make you profitable but it'll certainly put you in the right mindset.
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I am glad you made money on that but your statement that "anybody with a decent understanding realized a decent pull back was going to happen and did what they needed to in order to negate it." is complete and utter bollocks. Total nonsense. No other word for it.
Nobody 'knows' what the market is going to do and whilst the market has been on an unprecedented run there have been people calling "pullback" for the past 4 months and getting their asses handed to them. Picking up pennies in front of a steam roller is the polite term for it.
So you "had some money on the sidelines" and you "brought puts because everyone knew it was going to move down". I presume you must work for Blackrock or Fidelity with your market timings skills, right?
The only people that had a good idea were those at the Fed who knew ahead of time about the announcements that caused the current move down. Even to those people - it would still be a punt because even they don't know how the market will react.
Trading is a game. I do not mean that metaphorically, I mean it literally.
There is absolutely no way that you or anyone else "knew" that this was the top. Not a fucking chance. Doesn't happen. In fact, the moment that 'anybody with a decent understanding knows' is the EXACT time that the EXACT opposite will occur. Everyone wants to be a trading hero. Trouble is - whenever you hear someone brag about a great trade, you know there's a thousand bad decisions they didn't tell you about. How many times in the past 7 months we have been going upwards in a straight line did you buy those puts? Just this time? You didn't forget to mention doing it 20 times before and getting run over?
Look - if you made some money - go buy a new car or give it to charity because you really don't understand the game you are playing and those that do will soon take this money back from you.
This will help - &feature=plcp - it won't make you profitable but it'll certainly put you in the right mindset.
where did I say I knew "exactly"?
if you didnt think the market was due for a correction, I dont know what to tell you.....
Investing isnt some pot luck where you just throw your money in a pool and hope it works out bro, Im sorry it really isnt.
I didnt say I knew that this was the top only that the market was due for a pull back, what part of that dont you understand. The puts we had were august puts so we had plenty of time to sell them. We actually were in the money once before this and didnt sell them b/c we felt they would be worth more in teh future and we were right.
investing isnt some big game of craps where you just roll the dice and hope for the best.
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I am glad you made money on that but your statement that "anybody with a decent understanding realized a decent pull back was going to happen and did what they needed to in order to negate it." is complete and utter bollocks. Total nonsense. No other word for it.
Nobody 'knows' what the market is going to do and whilst the market has been on an unprecedented run there have been people calling "pullback" for the past 4 months and getting their asses handed to them. Picking up pennies in front of a steam roller is the polite term for it.
So you "had some money on the sidelines" and you "brought puts because everyone knew it was going to move down". I presume you must work for Blackrock or Fidelity with your market timings skills, right?
The only people that had a good idea were those at the Fed who knew ahead of time about the announcements that caused the current move down. Even to those people - it would still be a punt because even they don't know how the market will react.
Trading is a game. I do not mean that metaphorically, I mean it literally.
There is absolutely no way that you or anyone else "knew" that this was the top. Not a fucking chance. Doesn't happen. In fact, the moment that 'anybody with a decent understanding knows' is the EXACT time that the EXACT opposite will occur. Everyone wants to be a trading hero. Trouble is - whenever you hear someone brag about a great trade, you know there's a thousand bad decisions they didn't tell you about. How many times in the past 7 months we have been going upwards in a straight line did you buy those puts? Just this time? You didn't forget to mention doing it 20 times before and getting run over?
Look - if you made some money - go buy a new car or give it to charity because you really don't understand the game you are playing and those that do will soon take this money back from you.
This will help - &feature=plcp - it won't make you profitable but it'll certainly put you in the right mindset.
good post
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Let's recap how ass backwards this situation is. The Fed has been giving out monopoly money and strangling interest rates for years now. As a result, stocks have been artificially inflated to the point of absurdity despite the fact that the US economy still remains fundamentally shitty.
It has now reached the point where Bernake's fart's dictate market activity.
Uh Oh, seems like less economic stimulus (aka free money), better sell. ::)
To paraphrase a truism which is applicable to everything-- Things that can't go on forever, dont.
The economy is headed for a death spiral.
Exactly. The DOW going up has nothing to do with the economy. In Zimbabwe they had to print a ton of money just to buy groceries. I bet they thought for a while they were wealthy lol! Then reality sunk in and they realized they have to start adding digits to their usual prices. This is so fucking retarded. Mark my words, the USA will be headed the same way as the Weimar Republic or Zimbabwe. It is only a matter of time. The question is what will happen in Europe and Asia - will they follow the same path? There is another collapse coming (yes broken clock is right twice) and a great reset. And I believe the World's population will be coming down - the current numbers are not sustainable. The third world population growth rate needs to halt ASAP - unless they are willing to breed babies to watch them die. It's their choice.
(http://si.wsj.net/public/resources/images/P1-BA632_ZIMDLR_DV_20110510183741.jpg)
(http://www.thenewblackmagazine.com/PhotoFiles/child-zimbabwe-dollars.jpg)
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where did I say I knew "exactly"?
if you didnt think the market was due for a correction, I dont know what to tell you.....
Investing isnt some pot luck where you just throw your money in a pool and hope it works out bro, Im sorry it really isnt.
I didnt say I knew that this was the top only that the market was due for a pull back, what part of that dont you understand. The puts we had were august puts so we had plenty of time to sell them. We actually were in the money once before this and didnt sell them b/c we felt they would be worth more in teh future and we were right.
investing isnt some big game of craps where you just roll the dice and hope for the best.
There is a thing in investing called survivorship bias. That's why we end up reading crap from clueless people that got very lucky.
So Einstein - you picked an August strike price - that is an irrelevance because it is the price of the market at the point you say you brought the puts that is relevant. If you brought August puts in April and much of May - you'd still be sitting on a loss. So you timed the market. You picked the top. To do that you either took a single shot at it and proved your investing genius or you took multiple shots at it and you are just telling us about the one that worked out.
As for picking an August strike, not only did you pick the top, you also KNEW that the market would not consolidate for a long period before putting in a move down, that in itself is unusual.
In fact, the market would quite possibly still be ripping up if it were not for a testament by the Fed a few weeks ago. It is that single testimony and the following confirmation on FOMC day that saw some repositioning take place. I presume you have an inside track at the FED as well as knowing how the market would react..
It is always amusing when someone lucks out on a trade and considers themselves a trading guru. It's amusing because that hubris is what causes them to subsequently give the money right back to the people that were trying to give them a bit of friendly advice.
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Let's recap how ass backwards this situation is. The Fed has been giving out monopoly money and strangling interest rates for years now. As a result, stocks have been artificially inflated to the point of absurdity despite the fact that the US economy still remains fundamentally shitty.
It has now reached the point where Bernake's fart's dictate market activity.
Uh Oh, seems like less economic stimulus (aka free money), better sell. ::)
To paraphrase a truism which is applicable to everything-- Things that can't go on forever, dont.
The economy is headed for a death spiral.
Couldn't agree more. I've been saying this to anyone that will listen for a while now. All I get in return is "The stock market is at an all-time high". Exactly the same bullshit republicans said before the bottom fell out of the Bush economy.