PlinytheTrader
Registered: Nov 2011
Posts: 69 |
04-20-12 05:27 PM
Quote from blowingup2012:
...but you do have something in common in that the both of you refuse to post actual returns and we just have to somehow "trust you".
What is your obsession with seeing everyone's account returns? This is a thread about overall market direction in the future. People give their ideas and provide some sort of rationale for their claims. Sound judgement by the reader should determine if their argument makes sense, not detailed account returns. Profitable traders can still give bad advice just the same as a non profitable trader can still provide an intelligent conversation.
Example:
Quote from luckyluciano:
Fixating on charts and TA is fixating on the past to predict the future. Fundamentally, *corporate profits continue to increase,
*real estate is bottomed out and turning the corner,
*governments of the world are living in a glass house of transparency where they cannot continue to borrow to get elected much longer
*the noisy news of goverement debts will soon get drowned out with the reality that corporations have adapted and are growing profits which is what the stock markets of the world are really truly all about.
Governments need to get their acts together like the corporations have!
How can you have a real CRASH when corporations are doing so well?
This is very sound reasoning and Luciano sounds like he knows what he is talking about. I don't know anything about him, but if he is a poor trader would that then make his reasoning invalid? Corporate profits still fundamentally drive the market at its core, but if a poor trader says it then its not true anymore? Conversely if someone told you that the S&P would go to 200 by 2015 and then showed you that he was a profitable trader with years of account statements, would you believe him blindly and throw your money in shorting the market?
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