HYPERINFLATION RALLY. The dollar is $HIT

Discussion in 'Economics' started by KINGOFSHORTS, Sep 16, 2009.

  1. i guess we'll be putting that legalize pot measure back on the ballot- nationwide this time with exporting being legal too. hell, mendocino county marijuana could very well become our new currency!

    think we'll need to legalize prostitution too. our new national slogan: 'America: the NEW Thailand- but BETTER: weed's legal' :eek: hookers will be turning tricks for $5000. iow, about 10 Euros, 8 Aussie dollars, or 300 Thai baht. yep, Thai guys will be coming to America for cheap sex!

    how does that old patriotic song go.... 'proud to be an American.....'
     
    #71     Nov 5, 2010
  2. Yes , it is evident that this is pure manipulation and a scam by the fed who unbelievably is overtly stating that they are trying to fool the american public into believing that they have money, so they will spend more, by the manipulation of stock prices through the destruction of the dollar. There is no way that anybody with a brain doesn't look at this as wrong, as something that makes no sense, can't work , won't end badly, so on.

    The only problem is that while the dollar gets destroyed, the asset prices will continue to rise, and to stand in its way in the meantime while waiting for the inevitable bad ending to this (which will occur when other countries raise a stink, I can't imagine China can be too thrilled with taking this kind of hickey) will just be an exercise in losing capital. I have been trading for over 20 years, and the market acts so unnaturally now, where magically everyday, the market recovers any intraday loss and finishes near the high of the day every day (or at least well off the low)that you know there is a force in the market that no chart or common sense will detect.

    We will end up like Zimbwawe if it continues like this,where it will cost 100k to buy breakfast at Mcdonalds. But the problem with fighting this, and not going along with the "silly" herd, is that the only way to have any of the worthless currency to be able to buy that breakfast burrito is to join the crowd.

    i'm not saying this out of any sour grapes. Fortunately, I hedge and have not been hurt by this move and actually am making money, but the game is far less fun, and far more rigged than at anytime that I recall. Maybe it was a game that needs to be extinct anyway eventually, as we all know that to play this right, you have to treat it as a game and learn the moves that get you to the hoop, and not worry about the societal effects of what we do when we trade. Cause the fact is, for many of us, it was a respectable way to make a lot of money, while basically being a bookie, without adding a thing to society.

    Wow what a surprise, the point and a half the futures were down has now been erased while making this post. It does amaze me how every dip, regardless of how minute, gets bought immediately, as if whoever is manipulating the market up is afraid of the consequences that a down day or two would bring. The futures are up 170 points since the end of august, a giant move, and there is never more than an intraday selloff. No profit taking? Regardless of all the logic regarding the destruction of the dollar and the inverse relationship with stock prices, it just goes against all our experience as traders to fully jump on board here after such an extended move. In our heads, how would we justify to ourselves getting really long here after this huge move up, we would feel like morons, but it is the morons who are winning this game right now. Just buy at any price and you come out a winner. Wow, futures are down a point now, time to buy the dip, lol. Anyway, just rambling on here. I will say this, when this thing breaks, it will make the flash crash look like a blip.

    Bernake, do you really want to suck in the retail investor after the s&p has been up 80% in 18 months? Do you really want the poor to not be able to afford food and gas , in order to inflate asset prices which basically favor the rich? Are you Hoodrobin? Again, our President is viewed as a socialist, and big business hates him and the Republicans point fingers at him as the cause of the economic woes, but he and this soft dollar policy are the most market friendly things I have ever seen. And I am sure that when Tepper got on Cnbc and threw out that comment, that the market had to go up no matter what,he was being fed that from the powers that be, who probably encouraged him to make that kind of statement on tv to get the desired effect. Wow, what a surprise, that dollar dip was bought too.

    Ok, well the futures are flat, I guess its time for Bernake to make a comment to drive them up the obligatory 5-10 points that they go up everyday. Man, I wish I had a lobotomy, instead of making money squeezing out juice here and really working hard figuring out different option combinations, I would just hit the blue side of the screen all day long and laugh like a hyena. With a blindfold on. Without even looking at the price. Just buy, buy, buy. What Forrest didn't tell you though is that when you eat too many of those chocolates, you end up getting diarrhea.
     
    #72     Nov 5, 2010