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mastacoli71
Registered: Dec 2006
Posts: 2094 |
07-27-12 03:03 AM
Quote from Lojanica:
Don't fight the FED (s)
We could see 1400 in the spoos. This market WANTS to go up. We're in for some volatility though. As a Trader I appreciate that aspect. QE to infinity.
The way I currently envision is the following:
We are in a plane with enough gas to go 5000 nautical miles. We are over the ocean. We have passed the turnaround point. That is to say, if we turn around we WILL go down. So it's full speed ahead with some glimmer of hope that a small airstrip somewhere in the vast expanse of ocean will allow us to CRASH LAND without killing everyone on board.
FAITH. That's what this and every market runs on.
Take home. We are gonna zig, zag, and wag. But interest rates to zero and monetization, printing are not going away. The tough part is timing the purchase of tangibles during wicked bouts of deflation.
Not an easy game.
When the tape says sell, u sell. When it says buy, u buy. Never trade on what u think or what u hear cause it is all noise. It seriously is that simple. We as traders just make it hard.
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trefoil
Registered: Mar 2007
Posts: 3383 |
07-27-12 03:07 AM
You are NOT smarter than the market. How many threads have to be started about how the market is irrationally going higher before you finally understand this?
Let's make this real simple: it's an election year. Do you really expect the economy to tank in such a year? Yes, it did under Bush, but he was a drooling idiot.
Exceptions prove the rule, remember?
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Lojanica
Registered: Jan 2010
Posts: 745 |
07-27-12 03:09 AM
Quote from mastacoli71:
When the tape says sell, u sell. When it says buy, u buy. Never trade on what u think or what u hear cause it is all noise. It seriously is that simple. We as traders just make it hard.
YES!!! My point exactly. If the FED(s) print and the market goes up don't fight it.
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mastacoli71
Registered: Dec 2006
Posts: 2094 |
07-27-12 03:11 AM
Quote from trefoil:
You are NOT smarter than the market. How many threads have to be started about how the market is irrationally going higher before you finally understand this?
Let's make this real simple: it's an election year. Do you really expect the economy to tank in such a year? Yes, it did under Bush, but he was a drooling idiot.
Exceptions prove the rule, remember?
Oh and Obama is not a drooling idiot, r u that naive?
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mastacoli71
Registered: Dec 2006
Posts: 2094 |
07-27-12 03:20 AM
Quote from Lojanica:
YES!!! My point exactly. If the FED(s) print and the market goes up don't fight it.
Lol, u r biased. Read your post again.
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denner
Registered: Aug 2010
Posts: 3269 |
07-27-12 03:41 AM
Quote from trefoil:
You are NOT smarter than the market. How many threads have to be started about how the market is irrationally going higher before you finally understand this?
Let's make this real simple: it's an election year. Do you really expect the economy to tank in such a year? Yes, it did under Bush, but he was a drooling idiot.
Exceptions prove the rule, remember?
It also did in 2000. So 2 out of the last 3 elections, the market went in the tank and you are calling people idiot's again.
Of course, you're also a pussy who has put half of this board on ignore.
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