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Thread: Buy stocks
08-08-2011, 07:35 PM #151
Im so confused.
What I want to know is where is Hugh putting his trust fund money.. equities, gold, where?????Hugh Conway is my moral compass.
08-08-2011, 08:32 PM #152
08-08-2011, 08:40 PM #153
I'll let you know what I'm doing.
Cept' for gold I like the capitulating action tonight. 1050 spx is certainly possible tomorrow.
Last edited by 4matic; 08-08-2011 at 08:58 PM.
08-08-2011, 08:51 PM #154
Gold's ripe for a clobbering.Silent....but shredly.
08-08-2011, 09:02 PM #155
08-08-2011, 09:07 PM #156
08-08-2011, 09:14 PM #157
08-08-2011, 09:37 PM #158
08-08-2011, 09:41 PM #159
08-08-2011, 09:59 PM #160
08-08-2011, 10:06 PM #161
Dax and FTSE Called down 350. That's harsh.
08-08-2011, 10:22 PM #162
And gold is still on a rocket ship to mars. $1800 by the eot Tues?
08-08-2011, 10:30 PM #163
08-09-2011, 05:38 AM #164Silent....but shredly.
08-09-2011, 05:41 AM #165
c'mon monetary easing ..... daddy needs a new pair of Bro's.
08-09-2011, 05:50 AM #166
c'mon silver you can do it.People should learn endurance; they should learn to endure the discomforts of heat and cold, hunger and thirst; they should learn to be patient when receiving abuse and scorn; for it is the practice of endurance that quenches the fire of worldly passions which is burning up their bodies.
08-09-2011, 07:39 AM #167
08-09-2011, 08:30 AM #168
08-09-2011, 08:33 AM #169
Very odd trade in gold. It was up $50 most of the night and dead in the water. Just sat there.
I think I'd be a buyer here if I traded gold. But, I don't know squat about gold.
08-09-2011, 12:11 PM #170
This needs regulation to protect investors. One order system for everyone:
High Frequency Traders Manipulating the Nasty Sell-Off?
Najarian is particularly irked by a move made on July 5, 2011 to increase the capacity of the Consolidated Quote System (CQS) used by the exchanges to 1 million quotes per second – that was a 33% increase.
”The high frequency firms pegged that,” says Najarian. “In a turbulent market (regular investors) can’t even see what’s going on. You have to be one of them."
In other words, Najarian believes high frequency traders are able to use the speed of electronic trading to mask the bids and quotes in the marketplace.
The practice is sometimes referred to as quote stuffing and involves high frequency traders who place 'buy' and 'sell' orders and then cancel them microseconds later in an attempt to slow down the prices seen by regular investors on their financial systems or websites.
08-09-2011, 02:01 PM #171
08-09-2011, 02:19 PM #172
98 point range on the SPX futures. largest of any of the last four days.
08-09-2011, 02:27 PM #173
Neck brace came in handy today. Added more miners in the red this AM so my allocation is 70% miners /30% bullion. If things unfold the way I think they might, this should work out nicely going into September.Silent....but shredly.
08-09-2011, 05:46 PM #174
Interested to hear some other takes on this.
How can that be when corporates report massive profits? The profits are based on paying their workers a salary that meant they could only buy the goods they made by borrowing; in other words, a massive unsustainable ponzi scheme that could only ever end up with default. Without the household debt accumulation, there would be no market to sell their products to, and without paying the workers sufficient, the debt would always have to default.
This required a massive increase in financial innovation to keep the illusion of corporate profitability alive – (household debt was a way of delaying putting the true costs through the corporate P&L account and recognising the costs). Financial sector innovation is itself another form of capital misallocation, taxing people away from real innovation – (to keep the illusion alive, an ever greater percentage of economic output had to be allocated to this illusion machine) - helping add to the resource constraint we are in today.
Whilst politicians and investors acknowledge that excessive leverage created the asset and debt bubble, they do everything they can to prevent a rational deleveraging or efficient allocation of capital. For the moment the best measure of the cost of capital is gold. For years gold fell as fiat money was printed and this unsustainable ponzi scheme established, however as that ponzi scheme now unravels, gold must go up. The scale of both the ponzi scheme collapse and gold appreciation will be huge.
The problem is total credit market debt is still increasing.
As Fitch recently highlighted, Chinese on & off balance sheet debt has expanded by nearly 40% GDP in each of the last 3 years. In other words, the misallocation of capital is continuing making the ultimate problem that much worse. China is now getting almost no growth per unit of additional debt.
With each additional unit of debt, we are digging ourselves a deeper hole to get ourselves out of. Surely it is better to at least slow the digging? If we can allocate capital productively at the margin – (we know where we need to start making real returns) – then once we can start making a positive return on that marginal debt, then it becomes easier to support the residual debt we have.
08-09-2011, 06:56 PM #175
finally, something simple for the non-econowizards amongst us: