the solution? go out wearing my piss-smelling roadbike shoes and drive them all out with the smell so i can take back the bar. then it will just be me, the rats, and a bottle of whiskey :DQuote:
Originally Posted by Rontele
Printable View
the solution? go out wearing my piss-smelling roadbike shoes and drive them all out with the smell so i can take back the bar. then it will just be me, the rats, and a bottle of whiskey :DQuote:
Originally Posted by Rontele
Thank god someone said what should have been said a while ago..Quote:
Originally Posted by Benny Profane
Wow that was fun! Glad I bought into that selloff! :biggrin: Maybe take some profits after the fed meeting?
All depends on your timeframe.Quote:
Originally Posted by powderwhore
Nasdaq leading the way higher is very bullish. For another serious leg up a powerful move by INDU through 13,500 and S&P 1500 is needed.
Don Hays institutional advisory is super bullish right now. More than in the last year..fwiw.
Post your trade next time if your gonna brag about it. Otherwise, your useless.Quote:
Originally Posted by powderwhore
Market could be up 500 today... Thanks Ben!
back up above 13,600 in a month.....Where are all those doom and gloomers now?Quote:
Originally Posted by mtnwriter
They all took your advice and shorted oil hard, over and over, for the last several years.
Now their computers have been repo'd.
Bah.
Why would anyone bet against the US market moving forward.
The fed will never let their butt buddies on Wall Street lose money.
As James Grant says, "Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich."
Although my call for 100% Goldman, 100% of the time is the teets, no?
up 25% or so in a month or so. Not too shabby, just wait until they report on Thursday........Quote:
Originally Posted by Stu Gotz
If Lehman dodged the bullet, then I think Goldman is hunky dory.
For instance, GS's Global Equity Opportunities dropped 30% during the credit scrum. Goldman steps up, invests $2 billion, and sees the fund climb 12%+ as credit markets ease. Not bad screwing your clients and making money in the process.
I love capitalisimo!
gold and the HUI breaking out.
big time.
Wel, I guess the knee jerk today was to say Ben and crew were sucking up to Bush's House big time. But, hey, they're just telling the next, um, person, that this is the way we will deal. Go ahead and spend your campaign financing. We'll try to make it easier for you, because that "war" is your real problem.
Yes they are!Quote:
Originally Posted by Tap
But just for giggles and grins, don't forget the Canadian dollar.
Quote:
Originally Posted by Benny Profane
What? Bernanke is cleaning up Greenspan's mess.. He put the fed funds-discount rate in line with the market where it should have been all along.
The only problem I have is this may cause long rates to move back up. Another strong move up in equities will also trigger a huge short covering rally. Hang on. The big "V" is here for a while.
I couldn't help myself. After witnessing Kramer's meltdown on TV in August and seeing the market shortly thereafter tank to almost 13,000, I couldn't sit idly by when it didn't drop any further. I bought back most of what I'd owned before where I was able to buy it cheaper--didn't buy it back if it was higher.
The only instance that didn't work was CMED. I couldn't bring myself to buy it back at a higher price but it just keeps going up and up. :mad:
Wha? How old are you? Mess?? I.....I.... He left a ...... mess? He said it in his book, it's obvious, he set up things for the Bushies quite nicely after one of the most intellegent presidents in his reign, as he said, Mr. Clinton, and what the fuck did they do? They proceeded to fuck it up Big Time. Hey, Drug Industry, let's party!!! Here! Hey, Blackstone, Halliburtin, Defense Industries! Pig The Fuck Out!!! Congrssman loyal to me - Build a Stupid Fucking Bridge!! Now these people are dealing, extremly fucking weakly, of course, in a lame duck way, and he's just saying, hey, bring on the fucking vote. You're my next boss.Quote:
Originally Posted by 4matic
Of course! You think the Bush regime is going to let the recession out of the bag any further than it has to before the elections?Quote:
Originally Posted by Tap
The Fed is basically saying "we'll flush the dollar before we let this correction take its natural course". The big and smart money has already left the USA...every big corporation, including Halliburton and their cronies, is all overseas in tax havens now. (Those who can't leave are invested in gold/commodities/foreign bonds.) Your savings will continue to be destroyed by inflation because the government is printing money to pay for the Iraq war, Wall Street, and to bail out the leveraged speculators. Frugality and savings are and will continue to be punished.
Of course it won't work...just look at Japan, where they only succeeded in prolonging the pain for 15 years. It's just like Nixon taking us off the gold standard because he didn't want to pay for Vietnam, except much, much worse. Get ready for the 1970s all over again. Things will get much, much worse before they get better.
Ridiculous. The Fed put their rates in line with the market which caused an immediate steepening of the yield curve which helps loosen credit liquidity for lenders. If it's such a sham why did markets around the world rally 2-5%? In case you hadn't noticed the dollar rallied .02c vs. the pound after the rate cut. BoE is next; they're culpable after raising rates needlessly in July.Quote:
Originally Posted by Benny Profane
Quote:
Originally Posted by Spats
Do you think we should base our currency on a rock dug from mines in hostile countries? Floating currencies has been the fuel for expansion and globilazation. Without floating currency markets you couldn't use a Visa card freely worldwide like you can now.
I know you guys are having a really nice sophisticated discussion here, and please, by all means, don't stop.
But I do want to point out that we went from 14k to 13k, and I think that basically constitutes the "tank" that I was thinking about when I first posted the thread.
Not that it matters, in the slightest, at all. I'm just saying, I guess.
Anyway, back to the much more interesting and actually meaningful discussion of what happens next.
Still up 7.5% this year, which is pretty much what youd expect. Not exactly a crash.
Like I said, not that it matters IN THE SLIGHTEST, because the current discussion is of course the real discussion to be having, but the original question that was posed in May was as follows:
Quote:
Originally Posted by Yossarian
Well, okay, sorry I missed that tanking.Quote:
Originally Posted by Chris Knight
When's the next one?
Yeah, well, I'd say it isn't a "tank" if it bounces like a super ball right back up to near 14000. That's a thousand point correction/gains taking.