Official Stock Market & Economy Thread
- Thread in 'General' Thread starter Started by dey know yayo,
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Might want to check this post
http://market-ticker.denn...ntitative-Easing-QE.html
Bernanke got smoked out of this one. He needs to stop living in the 1930's and move to the 21st century.
We're doomed, literally. What are you slurping on?
The lower mortgage rates will boost home prices.
They also can refinance if they qualify for the "Making Home Affordable" plan. http://www.treas.gov/press/releases/reports/guidelines_summary.pdf
Originally Posted by reigndrop
Might want to check this post
http://market-ticker.denn...ntitative-Easing-QE.html
Bernanke got smoked out of this one. He needs to stop living in the 1930's and move to the 21st century.
We're doomed, literally. What are you slurping on?Who cares if the equities rally anymore, will they be able to outpace inflation in the long term??
We aren't Iceland AND I didn't mention anything about long term growth in the stock market.
BTW, the great thing is that Bernanke studied the Great Depression. You should read some of his speeches some time. The smartest move Bush made in his entirepresidency was to appoint Bernanke Chairman of the Federal Reserve.
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I honestly don't think its going to have a huge change on housing prices, at least not in CA, and definitely not in the Bay Area. Too many comps againstshort sales and foreclosures aren't bringing back all that phantom equity over night.
Not to mention people can't afford the closing costs anyhow.
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I'm not gonna even bother arguing. Sure, the focus of his Ph.D was on the Great Depression, and he was a great pupil of Milton Friedman, whoblamed the Depression on deflation, but we've put $10 trillion into this mess. That's almost 100% of GDP. We aren't Iceland but we soon will bewhen our creditors dump out treasuries and bonds.Originally Posted by cguy610
Originally Posted by reigndrop
Might want to check this post
http://market-ticker.denn...ntitative-Easing-QE.html
Bernanke got smoked out of this one. He needs to stop living in the 1930's and move to the 21st century.
We're doomed, literally. What are you slurping on?Who cares if the equities rally anymore, will they be able to outpace inflation in the long term??
@ the "we're doomed". And how exactly did Bernanke get "smoked"?
We aren't Iceland AND I didn't mention anything about long term growth in the stock market.
BTW, the great thing is that Bernanke studied the Great Depression. You should read some of his speeches some time. The smartest move Bush made in his entire presidency was to appoint Bernanke Chairman of the Federal Reserve.
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I'm so tempted to throw money at the financials right now and hope the train continues. But I won't. I think the Dow will start sliding soon. Maybe goDXD?
Originally Posted by reigndrop
I'm not gonna even bother arguing. Sure, the focus of his Ph.D was on the Great Depression, and he was a great pupil of Milton Friedman, who blamed the Depression on deflation, but we've put $10 trillion into this mess. That's almost 100% of GDP. We aren't Iceland but we soon will be when our creditors dump out treasuries and bonds.Originally Posted by cguy610
Originally Posted by reigndrop
Might want to check this post
http://market-ticker.denn...ntitative-Easing-QE.html
Bernanke got smoked out of this one. He needs to stop living in the 1930's and move to the 21st century.
We're doomed, literally. What are you slurping on?Who cares if the equities rally anymore, will they be able to outpace inflation in the long term??
@ the "we're doomed". And how exactly did Bernanke get "smoked"?
We aren't Iceland AND I didn't mention anything about long term growth in the stock market.
BTW, the great thing is that Bernanke studied the Great Depression. You should read some of his speeches some time. The smartest move Bush made in his entire presidency was to appoint Bernanke Chairman of the Federal Reserve.
Who's going to dump treasuries, and what are they going to buy instead?
Who China? Won't happen. China wouldn't like us putting a quotas and tariffs on their goods in retaliation. Or if we made it much more"difficult" for our large corporations to outsource.
India? Also won't happen
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So i need some advice--
I got into faz at 58...(at first things were
...nowthey're...
)
SRS at 98...(yeah I know, being a hypebeast FTL...
)
RFN at 60...(
)
Now i def made some good profit but rather than pulling out, I decided to hold and continue riding that rally--well we all know just how big of a bust thatwas...and you should have an idea of how bad I'm hurting...
Clearly this upswing in the market is stupid. I mean things are are still bad as they can be and yet, we've been on the green train for going on 2 weeksnow.
Should I cut my losses and take the L or should I be vigilant considering at some point reality will set things straight. I suppose at this junction, the realquestion is "when will reality set in"...
What do ya think...
...
I got into faz at 58...(at first things were
SRS at 98...(yeah I know, being a hypebeast FTL...
RFN at 60...(
Now i def made some good profit but rather than pulling out, I decided to hold and continue riding that rally--well we all know just how big of a bust thatwas...and you should have an idea of how bad I'm hurting...
Clearly this upswing in the market is stupid. I mean things are are still bad as they can be and yet, we've been on the green train for going on 2 weeksnow.
Should I cut my losses and take the L or should I be vigilant considering at some point reality will set things straight. I suppose at this junction, the realquestion is "when will reality set in"...
What do ya think...
...
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Regardless of what happens, China is slowing the buying of treasuries, as the U.S.keeps increasing the supply and deficit spending. The result is in higher interest rates, only to be suppressed by the Fed through quantitative easing, leadingto inflation. Leading to a lower yield on their investments, which in the long run could see China becoming net sellers of treasuries. I hope you realizethat our economies are so intertwined that if the U.S. does decide to pull of a protectionist stunt that China could equally cripple our nation. They'realready manipulating their currency, who says that can't do it some more?
You're asking what they're going to buy instead? They don't have to invest in sovereign debt, just look at Chinalco investing in Rio Tinto.
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Lol you're not suppose to hold these ETF's too long SA. I'd see what happens tomorrow SA, IMO though, you're down the crapholetoo much already you should just hold. If reality doesn't set in soon, it will comes earnings which is next month.Originally Posted by SuperAntigen
So i need some advice--
I got into faz at 58...(at first things were...now they're...)
SRS at 98...(yeah I know, being a hypebeast FTL...)
RFN at 60...()
Now i def made some good profit but rather than pulling out, I decided to hold and continue riding that rally--well we all know just how big of a bust that was...and you should have an idea of how bad I'm hurting...
Clearly this upswing in the market is stupid. I mean things are are still bad as they can be and yet, we've been on the green train for going on 2 weeks now.
Should I cut my losses and take the L or should I be vigilant considering at some point reality will set things straight. I suppose at this junction, the real question is "when will reality set in"...
What do ya think...
...
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I was saying for weeks that financials were oversold. While dudes were highstepping counting the money they thought they made in FAZ, I said the same thing.I'm not gonna say I expected this much of a rally. But I told dude 3 weeks ago that FAS would have a much higher gain than FAZ and I was willing to putmoney on it. I'm ready to sell FAS tomorrow and reevaluate.
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SuperAntigen, hold. I held FAS from $10.88 to $2.xx and back up now, I'm not sure when I'll let go, that money is kinda dead to me anyway.
I say hold as we know things are gonna turn around soon. At least you're holding leveraged shorts rather than longs in a bear market.
learn to take profit
I say hold as we know things are gonna turn around soon. At least you're holding leveraged shorts rather than longs in a bear market.
learn to take profit
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Originally Posted by cguy610
Originally Posted by reigndrop
I'm not gonna even bother arguing. Sure, the focus of his Ph.D was on the Great Depression, and he was a great pupil of Milton Friedman, who blamed the Depression on deflation, but we've put $10 trillion into this mess. That's almost 100% of GDP. We aren't Iceland but we soon will be when our creditors dump out treasuries and bonds.Originally Posted by cguy610
Originally Posted by reigndrop
Might want to check this post
http://market-ticker.denn...ntitative-Easing-QE.html
Bernanke got smoked out of this one. He needs to stop living in the 1930's and move to the 21st century.
We're doomed, literally. What are you slurping on?Who cares if the equities rally anymore, will they be able to outpace inflation in the long term??
@ the "we're doomed". And how exactly did Bernanke get "smoked"?
We aren't Iceland AND I didn't mention anything about long term growth in the stock market.
BTW, the great thing is that Bernanke studied the Great Depression. You should read some of his speeches some time. The smartest move Bush made in his entire presidency was to appoint Bernanke Chairman of the Federal Reserve.
Who's going to dump treasuries, and what are they going to buy instead?
Who China? Won't happen. China wouldn't like us putting a quotas and tariffs on their goods in retaliation. Or if we made it much more "difficult" for our large corporations to outsource.
India? Also won't happen
This is very foolish. Who is going to dump treasuries? EVERYONE because the government has promised to overpay for them. You would be an idiot not to sellthem. Interest rates are going to rise because no one is going to jip themselves buying treasuries for no return because the rates are being held down byBernanke when the currency is losing value. Bernanke's knowledge of the Great Depression obviously hasnt been that beneficial because all he is doing isensuring we have another one. So now debt is going to increase exponentially until the bond market pukes because you cannot borrow to prosperity or it wontpuke and he is just going to crowd out private investment. It's not that complicatied. The kind of "inflation" Bernanke is trying to start is notgoing to benefit anyone who saved dollars how could anyone even believe such nonsense. There is no free lunch this is a insolvency crisis not liquidity. Thecommon cliche is "pushing on a string".
Big +!%#+*# Deal people can refinance at 4% besides the fact most people cannot afford that anyway...unless the government is going to subsidize this interestrate ETERNALLY when those people sell rates will be higher and they will get raped on the back end. All of this will be paid for one way or the other at theexpense of growth.
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This bear rally will last for another few weeks or so at the very least.
We'll have pullbacks but don't fall for them.
I expected 800 but not this early or this strong. 840 is almost assured at this point I think.
This is for all intents and purposes the feds telling the bears to *!#+ off or they'll take your loot.
Thing is this will only lead to a harder crash. I wouldn't be surprised to see a -1000 (intraday) day sometime during the next crash.
We will see SnP 450 in not too long a time but for now let this prop job play out and sucker in the late longs.
We'll have pullbacks but don't fall for them.
I expected 800 but not this early or this strong. 840 is almost assured at this point I think.
This is for all intents and purposes the feds telling the bears to *!#+ off or they'll take your loot.
Thing is this will only lead to a harder crash. I wouldn't be surprised to see a -1000 (intraday) day sometime during the next crash.
We will see SnP 450 in not too long a time but for now let this prop job play out and sucker in the late longs.
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No doubt this is going to be the biggest pump and dump in history.....they will be moving their money into hard assets while the regular guy gets his savingsinflated to oblivion and interest rates (eventually) rise to stagnate the economy thank god Bernanke studied the depression. But its going to be ok because wecan refinance at 4%
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We will see... I'm not the biggest fan of EWT, unless you're going off of something else.
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Yea I could easily see the rally turning over by the end of this week. Smart money knows what is going on here and they will be exiting stage left very soon ifthey havent already.
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Not too good at elliot wave. In fact, I suck at it. Trying to learn but it'll take time.
Just from a technical perspective and some historical precedent.
They shot, kicked, and spit on the bears.
I'm positive we will see SnP 450 before all is said and done. Bring up a long term chart from 1929 and that's the trend. Notwithstanding cominginflation and all.
We will probably break 450 with all the mass panic selling that will occur sub 500.
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Rally looks too strong for the big money to be in it for only 2 weeks.
That's my reasoning. I think it goes on for while but more choppy to the upside with pullbacks here and there.
Technically we should have a nice pullback to about 750 very soon.
However, the operative word is "should". So who knows.
We could roll over hard from here but I just don't see it.
I'm not buying any pullback on the short side. I'll prob take some more long positions on any decent pullback soon.
btw, VIX closed under 200 DMA for the first time since 8/29/08.
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I am looking for 800 on the S&P for some correction personally.
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Can somebody explain to me what index funds are exactly??
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Basically what the name implies, a mutual fund constructed to track a specific index, DJIA, NASDAQ, S&P 500
