LoL... This is entertaining... Yea, who really cares how low we go. 1000, 900... It will spark the next major money printing programs that will give us the fuel for another major rally cycle.
There will always be "doom and gloom" during periods of uncertainty. The summer doldrums usually provide the better entry points for investors, and eventually the market comes back. I encourage those reading this thread to see the film "Margin Call." The dialogue towards the end of the film between the characters played by Jeremy Irons and Kevin Spacey is very telling. Pay very close attention to what Irons tells Spacey regarding the history of market cycles.
June 3, 2012 SouthAmerica: Reply to Petrobras I checked some of your postings, and I realized that you are just a rookie in the investment world. I thought it was very funny when you said: âI don't know. why does a stockbroker have to learn about options in order to dial a telephone. The options part sucks....â Hah, hah, hah.... That was a very good one.... Here is an example of some of your postings on the ET forums: 09-09-11 03:24 AM Petrobras: I wanted to start a thread pointing out mainly my negative view towards the advice given out on this forum in regards to day trading. Many people come here for help only to get shot down by failed angry traders. Many opinions are given by people who do not trade successfully for a living. Last alot of the advice is not meant for daytrading. My definition of day trading is putting on at least a couple of trades per day. Risk something like 200/300 per day to make 500or more per day (lets say 1,000 shares of a liquid stock) (or 1es contract) The only person dishing out advice off the top of my head is Nodoji (i know there are definitely more here) because I know she trades real time with real signals (trading Cl sometimes within. 5 cents.) This to ME is REAL DAYTRADING and the type of person you should take advice on "day trading" I don't know. Maybe my version of day trading is more short term then most on this forum. But my point is not to listen to many people who tell you this or that and then say it like it's undisputed fact. Be careful Anyways my point if I was new to trading I would be cautious to who you are listening to because they are likely not making money Everyday from trading. Listen to people who can give you advice from their trial AND error. Listen to people who can show profitable trades. Listen to people who make accurate market calls. Listen to people who can show the ability to adapt and change opinion about PRICE ONLY (if your day trading) DONT listen to people who say they know it all. DONT listen to people who tell you doomed to fail. DONT listen to people saying this or that is the end all be al The only people who will make money Everyday are the people who say. This means long. This means short. This means do nothing. Short here, cover here. Done. Source: http://www.elitetrader.com/vb/showthread.php?s=&postid=3295145#post3295145 ***** 09-14-11 08:29 PM Petrobras: The secret to pass the seven was to be able to get 85% or better on ALL 15 practice exams (after reading the initial book. ONE time only) this means you should get 70% or better. note- rewriting ALL wrong answers or weak areas was highly recommended. This was like 10-12hours a day for me for a good month month/half http://www.elitetrader.com/vb/showthread.php?s=&postid=3300120#post3300120 ***** 09-24-11 03:50 PM Petrobras: I don't know. why does a stockbroker have to learn about options in order to dial a telephone. The options part sucks. Stop crying about it. http://www.elitetrader.com/vb/showthread.php?s=&postid=3310021#post3310021 ***** 10-02-11 05:07 AM Petrobras: You don't need to go to mit or Harvard to a professional trader. In fact many people who are book smart or successful in buisness or other things fail miserably at trading. Being athletic, competitive and also emotionally stable are probably the best prerequisites for professional trading because of the need to make decisions under pressure when there is money and a lot at stake. You don't need to have unlimited buying power huge funds or traders can easily blow up almost as easily as any small day trader. http://www.elitetrader.com/vb/showthread.php?s=&postid=3316978#post3316978 ***** 12-04-11 09:00 AM Petrobras: Trading is about figuring out that answer yourself http://www.elitetrader.com/vb/showthread.php?s=&postid=3377589#post3377589 ***** 12-06-11 01:56 AM Petrobras: ..Trading is gambling game - so its NOT like any other business. so NONE of those rules that apply to regular business apply here!!- I agree 100%. Trading IS a gambling game IS a game of odds and IS a game of skill, and also nobody said you couldn't exploit it for a living! (become the casino.) Many people that shell out advice [in general] know nothing about how to "take money from other traders" And more importantly you SHOULDN'T be listening to them!- I agree 100%. People talk but probably CANNOT make money tomorrows trading session. and more importantly you SHOULDN'T listen to people because they are likely NOT profitable in real life. http://www.elitetrader.com/vb/showthread.php?s=&postid=3379139#post3379139 ***** Finally on April 28, 2012 âPetrobrasâ found one of my postings, and here is an example of his wisdom: 04-28-12 12:05 AM Petrobras: So you started a thread of repeating 4 pages of bearish forcasts on the facebook ipo. What if he stock rallies? Anyone have a positive view? Anyone other then south america have something to say? Facebook IPO http://www.elitetrader.com/vb/showthread.php?s=&postid=3512547#post3512547 .
June 3, 2012 SouthAmerica: Your comment shows that âyou can't see the forest for the trees.â The saying that someone âcan't see the forest for the treesâ is a reference to people who get so involved with the details of an issue that they lose sight of the larger issue. As anyone who has been in a forest knows, it can be easy to fall into the trap of just looking at the individual trees, rather than considering the forest as a whole. When you can't see the forest for the trees, it means that you are deeply involved in a situation, and you are perhaps focusing too much on individual details, and not enough on the situation as a whole. In a Nutshell: ...You can't see the âBig Pictureâ... For example: if you had had the chance to read my article published in February 2005, I am sure that you would not have grasped anything from that article at that time with your mindset. April 11, 2008 SouthAmerica: Just a Reminder: It is worth reading the enclosed article that I wrote in November/December 2004 making an economic forecast through the end of 2008. I wrote the enclosed article right after the November 2004 presidential election and the article was finally published in February 2005. My mindset has not changed since that time. Maybe you will find interesting that particular article, since I wrote the article from the point of view of November 2008; forecasting the coming worldwide economic depression. Original title when I submitted the article for publication: âThe First Great Depression of the New Millenniumâ Brazzil's editor changed the title to: Published on February 13, 2005 on Brazzil magazine. Itâs 2008. The U.S. Has Dragged the World into a Depression. By Ricardo C. Amaral http://www.brazzilmag.com/component...-has-dragged-the-world-into-a-depression.html My Blog: Itâs 2008. The U.S. Has Dragged the World into a Depression. By Ricardo C. Amaral http://thenewgreatdepressionisunderway.blogspot.com/2012/01/published-on-february-13-2005-on.html ***** Tuesday, May 17, 2011 The Final Collapse of the US Dollar By Author and Columnist: Ricardo C. Amaral http://thefinalcollapseoftheusdollar.blogspot.com/2011/05/final-collapse-and-meltdown-of-us.html There are many reasons why the US economic and financial system is heading into the âPerfect Stormâ resulting in the final collapse and meltdown of the US dollar. The United States had a good run during the last 60 years, and enjoyed it's very special status as the main world reserve currency, but if you are smart enough to connect the dots then you will realize that the US dollar has reached the end of the line. There's no safety nets left today in the United States, and when the stampede starts out of the US dollar it will create the biggest international monetary crisis the world has ever seen. The âMotherâ of all international monetary crisis, and the final collapse and massive meltdown of the US dollar. The world economy and financial system is a very complex system, it's like a dynamic jigsaw puzzle where the parts keep moving, and the jigsaw puzzle evolve into something else. I will add on a regular basis more pieces to this constant evolving jigsaw puzzle. Here are some very important principals that are under the foundations supporting the US economic, and financial system: ***** Here is a preview of the coming US dollar meltdown http://www.elitetrader.com/vb/showt...072646&highlight=global+implosion#post3072646 January 26, 2011 SouthAmerica: Barack Obama gave a nice speech last night, but in my opinion, it's too late on the game, because the United States has passed the point of no return. The truth is the US economic system is becoming obsolete faster than most Americans realized, and Americans lost their vision of the future regarding the United States economy, and the smart money is investing in emerging markets around the world â that is where the future lies and new innovations and technologies will be created. The United States is becoming irrelevant in foreign affairs very fast, and we can see the growing evidence of that trend in South America, the Middle East, Africa, and in Asia. The US economic system is imploding one step at the time on a constant downward spiral â and this implosion it will be more evident in 2011 and 2012 when the states around the United States are forced to cut their budgets to the bone, and local governments will join on this budget cutting process reinforcing even further this US economic implosion. The federal government also will be forced to make major budget reductions in the coming years putting even more pressure into the downward implosion spiral of the US economy on its trip towards the black hole. The only reason the US economy has not had a total collapse like the Soviet Union as yet, it is because of all kinds of massive US government intervention into the US financial system, and also because of the special status that the US dollar enjoys â the privilege of being the main foreign exchange currency â But the rest of the world started realizing that the US government is completely out of touch with reality regarding the intrinsic value of the US dollar and the declining importance of the US economy in the coming years as a share of the total pie of the global economy. In a nutshell: The reality of the new global economy in the 21st century is that it's operating under a completely obsolete international monetary system based on the US dollar â and a currency backed by nothing other than a computer screen that can create any digital bookkeeping entry and add to bank accounts any number followed by as many zeros they want. It doesn't matter if the Federal Reserve wants to create US$ 1 trillion or US$ 10 trillion â the only thing that is behind this money creation from nothing â this magic act â it's the current trust that people has around the world on the future of the US economy â and that trust can disappear in the blink of an eye. But as soon as people realize that the US economic and financial system is imploding just like the Soviet Union â the final massive meltdown will materialize fast, and this time around Americans and the world in general it will not have the US government to serve as safety net, since the US government and the states around the country also it would be bankrupt and discredited. It will be not just a meltdown of the US economic and financial system, it will be the collapse of the international monetary system into the biggest monetary crisis the world has ever seen. If you are smart enough to connect the dots, then you can see the big picture, and you will be able to grasp what I am saying â the collapse is underway and the only thing the US government can do at this point is buy some time until 'when you least expect' the day of reckoning arrives at the speed of light. When the final implosion of the US economic and financial system arrives, probably the process it will happen faster than the final implosion of the Soviet Union system. Regarding US defense spending and the US military adventures around the world â just look what happened to the Soviet Union military and its influence around the world after the collapse of the Soviet Union, and that gives you a snap shot of what happens to the military of former superpowers. .
to pretro and the other bullshit genius's . SA has tried to intelligently explain why the U.S. and other country's are in the shape they are and the normal consequences that should occure , but when the central banksters interfere it distorts and temporarily makes things to appear fine. when we use common sense and past history we know what the out come will be . IT'S A RACE TO THE END ! think about it . bgp
June 6, 2012 SouthAmerica: Raoul Pal a former hedge fund manager at âGoldman Sachsâ Here is what he said during a recent presentation. On this video Glenn Beck is reading the entire article written by Raoul Pal that was published by Business Insider on June 1, 2012. Glenn Beck Radio (GBR) - Economic End Game [6-04-2012] <iframe width="560" height="315" src="http://www.youtube.com/embed/znaFIOmdosM" frameborder="0" allowfullscreen></iframe> ***** I had posted this info on the "Goldman Sachs" thread, but after listening to Glenn Beck read the entire article I realized that this articles belongs on this thread. June 3, 2012 SouthAmerica: Raoul Pal (a âGoldman Sachs the Pillage Peopleâ alum) expects a series of sovereign defaults, the "biggest banking crisis in world history", and asserts that we don't have many options to stop it. *** Business Insider â June 1, 2012 Former Hedge Funder Presents A Terrifying Vision Of THE END GAME http://www.businessinsider.com/raoul-pal-the-end-game-2012-6? Everyday, we hear some pretty grim predictions about the markets and the economy._ But this is one of the more comprehensive and most gloomy outlooks we've ever seen. Raoul Pal expects a series of sovereign defaults, the "biggest banking crisis in world history", and asserts that we don't have many options to stop it. Pal previously co-managed the GLG Global Macro Fund. He is also a Goldman Sachs alum. He currently writes for The Global Macro Investor, a research publication for large and institutional investors. A note on the presentation; the last slide is not meant to suggest that we're going back to the economic activity of 3000 years ago. It refers to the 3000 year old trade links between the nations along the Indian Ocean, which Mr. Pal believes will be the center of world's opportunities. Just like the West 50 years ago, they have "...low debts, high savings and a young population". ***** Raoul's Background Raoul Pal has previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul came to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe. Other stop-off points on the way were Natwest Markets and HSBC, although he began his career by training traders in technical analysis. Raoul Pal retired from managing client money in 2004 at the age of 36 and now lives on the Valencian coast of Spain, from where he writes for The Global Macro Investor. .
How exactly do you ban shorts on futures? I believe the nature of the instrument makes this impossible... Since there is no "IPO" or primary market in futures, contracts are created or offseted with every trade...