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[pedro01]

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.

[tonymctones]

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

[tonymctones]

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.

[Tedim]

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.

[pedro01]

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.

[tonymctones]

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.

[Agnostic007]

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

[quadzilla456]

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.

[pedro01]

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.

[Pray_4_War]

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.