Thread: Buy stocks

Im so confused.
What I want to know is where is Hugh putting his trust fund money.. equities, gold, where?????

Originally Posted by 4matic

If oil gets hammered with equity and falls into the $70 dollar range get long oil and oil companies.

I like this call 4matic. CVX and OXY have a ways to drop before I pursue those. USO almost at a 52 week low.

Originally Posted by liv2ski

I like this call 4matic. PM me if you do this, as I am a dumb shit and may miss it. USO almost at a 52 week low.

I nibbled today at a large cap dividend fund overweight oil. I would avoid USO for anything other than short term trading as it is affected by monthly contract rollover since it is a derivative of the futures.

I'll let you know what I'm doing.

Cept' for gold I like the capitulating action tonight. 1050 spx is certainly possible tomorrow.

Gold's ripe for a clobbering.

Originally Posted by Moeghoul

Gold's ripe for a clobbering.

The rubber band is stretched tight in thin trade tonight.

Originally Posted by liv2ski

I like this call 4matic. CVX and OXY have a ways to drop before I pursue those. USO almost at a 52 week low.

Pointed you towards SKF a month ago , did you listen ?

Originally Posted by 4matic

The rubber band is stretched tight in thin trade tonight.

Not the preeeeeeecious ....

Originally Posted by skiballs

Pointed you towards SKF a month ago , did you listen ?

Nope. missed it.

Originally Posted by Scotsman50

Im so confused.
What I want to know is where is Hugh putting his trust fund money.. equities, gold, where?????

Nasdaq listed Chinese RTOs

Originally Posted by 4matic

Nope. missed it.

That was for L2s .

The big caps will be back , just like when IBM was trading at 85 in the last panic.

Dax and FTSE Called down 350. That's harsh.

And gold is still on a rocket ship to mars. $1800 by the eot Tues?

Originally Posted by huckbucket

And gold is still on a rocket ship to mars. $1800 by the eot Tues?

Silver just dropped .60c in 5 minutes while gold hugs its session high. Which one cries uncle?

Originally Posted by 4matic

The rubber band is stretched tight in thin trade tonight.

Gapping up this quickly, I imagined tough resistance between 1680 and 1760. Being wrong on the upside isn't the worst thing to happen. Think I'm going to wear my neck brace today.

c'mon monetary easing ..... daddy needs a new pair of Bro's.

c'mon silver you can do it.

Originally Posted by Tuckerman

c'mon silver you can do it.

I ordered SCRAMBLED!!!

Originally Posted by huckbucket

And gold is still on a rocket ship to mars. $1800 by the eot Tues?

No......

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.

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.

http://www.cnbc.com/id/44035012

WINNING!!!!!!!!!!!!!!!!!

98 point range on the SPX futures. largest of any of the last four days.

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.

Originally Posted by Triage

That’s the question. Separate out the $600 billion in equity people took from their homes in 2006, for instance, and why can’t America consume and produce at the pre-2007 Great Recession GDP trendline? Are there factors other than increased uncertainty about the future forcing us into a Great Retraction? There’s very little in the way of output capacity stopping us. Wage pressure due to globalization is an issue but exports are up. Apart from some commodity price hikes, inflation remains low.

More to this point, I think this article sums up what I was doing a poor job of explaining, although a bit more doomsy: http://www.zerohedge.com/news/must-r...othing-changes

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.

finally, something simple for the non-econowizards amongst us: