You're 1 stupid fvck, you know that? Lol Our short positions earned up 5.18% on average this month...w000t short.
Basing one's trading on the logical fallacy of "appeal to authority" is IMHO a surefire way to lose BIG. Doubly so for a newby. Don't throw risk mgmt out the window.
at the very least you have impressive conviction. the stock market usually leads the economy by 9 months. since the average bear market is 9 months, one can see why they would not be correlated. btw, if such outstanding economists are so sure, why is it only traders can interpret it to make money and not the economists as well?
We'll just have to wait and see. It shouldn't be long now... And I'm not simply deferring to authority. I've read alot of research and alot of diff people have diff views of the market. To me, Roubini's is the most sound b/c it deals with hard numbers and past precedents, rather than wishful thinking and a personification of variables (i.e. "resilient economy, optimistic consumers, etc). It makes the most sense to me, so naturally I will follow it rather than others. Goodluck to you during the recession.
Crash is Upon Us Dunno but would love it. Things come down much faster than they ran up. For the nimble: fast & easy profits.