permabull, If your so sure, why are you posting? It appears to me you need someone to agree with you.
I think Permabull is pulling the wool... for three reasons: 1) My broker told me...; 2) I'm willing to hold thru {anything}...; 3) I'm absolutely sure his reco is going to pay off. Yeah right.... Besides that, who has a futures broker anymore?
Positive expectancy is not in your broker's favor: since the mid-80s, there have been 10 down days after the Labor Day Holiday. In 8 cases, the market was down an average 4% two weeks later. In 2 cases it was up two weeks later-1% average. Time to move some refrigerators.....
my broker told me to go long and i will...... hahahahahhahahahha- listening to a "broke" r....if those guys were any good they would be involved in trading or a hedge fund- they are nothing more than salesmen that prey on naive investors and can talk a good game- lets see some broker records- see if they compare to a good traders- i would bet not..
Anymore, brokers are professional money-gatherers. Nothing more. With the advent of commision-free trading secondary to an annual managment fee, there is no incentive for a broker to churn the acount like the old days. It behooves the broker to NOT trade the account and risk his clients' capital.