Hey ogarbitrage, would you mind never speaking to me or posting on any of my threads ever again? I would appreciate that. Just go away, please. The name 'ogarbitrage' is an interesting example of Spenglish. Spenglish is a super-secret language that some see as magical. Its roots are usually female early sexual abusees. Anyhow, basically you can deconstruct 'ogarbitrage' as: "bisexual angry snake". There are multiple ways of looking at that and I would need to know ogarbitrage to translate that further. Was it an invocation spell or a curse spell? I do not know.
Well it's Saturday. Markets are doing the exact opposite of the fundamentals. In a rather obvious way. Hope you checked out the silver chart. Note to moderators: Would it be possible for the owner of a thread to block certain people from posting and/or deleting their posts? That would keep the thread from degenerating. Waiting until Monday. Will Bernanke have the guts to do as I instructed?
Or will the US Treasury seize the opportunity? Or will the IRS make further advance on their lien on the Fed? Or will the Justice Department see an opportunity to kill the check kiting operation? Or are large-monied traders seeing a trading opportunity? Or are some derivative holders seeing some threat? Or is the exchange seeing some risk in accepting new positions from the Federal Reserve? Or are a few smart Americans seeing an opportunity to eliminate the national debt, income taxes, and most of their mortgage in one fell swoop? Lots of things at play.
i think this all leads to the end of the United States as we know it. someone, if not everyone is going to be the big loser, and they're not going to be happy. money leads to one thing... violence. money keeps getting sucked out of the markets by HFT and hedge funds, year after year. they do not spend the bulk of this money. they use it to suck more money out of the markets. it doesn't take a large workforce to suck money out of the markets either. the losers are the middle class and poor. eventually there won't be any more money to steal from them, and that is when the revolt will happen... they'll be pissed off, and the rich will be pissed off. well i suppose the rich can go elsewhere, and suck money from another society. i wish i could see what life is like in 200 years
I wouldn't point to HFT or any hedge fund as the cause for any financial distress in this country. The real cause is without a doubt our fiscal deficit, not a monetary problem and certainly not any kind of problem that could possibly be the result of HFT or hedge funds. This kind of thought process is very socialist, and doesn't get you anywhere. Instead I suggest trying to understand that all of our value as a society comes from the goods and services we produce, not the way we produce those. If you try to identify where most of the problems come from: the answer is government. This has nothing at all to do with high frequency trading algorithms designed to cash in on liquidity rebates for taking minimal risk. It's very important to keep in mind that it is very easy to point to things like that and demonize them because you are not benefitting from those things, but if you understand any part of macroeconomics or finance the problems are nearly always regulatory issues and fiscal malfeasance.
EXACTLY. And remember, the government who started this mess, is LOOKING FOR A SCAPEGOAT. HFT firms and Hedge Funds are their primary target. One might ask: Why ? WHY these entities ? Answer: They are successful and very secret in their operation. And, of course, they've done it LEGALLY. The government, to COVER THEIR SORRY AS*SES, need to make THEM look like the wrong-doers. Got it ? This is how America operates today...smoke and mirrors....lies and BS.
You can always do the 420 thing. Most of you probably know that reference. I haven't seen it, but it's a sex party for some. If you want to talk about girls, I suggest the Chit Chat forum or you can see my thread on "Trading your way to women": http://www.elitetrader.com/vb/showthread.php?s=&threadid=227379 We're talking about the bond market, the Federal Reserve, central banking, economy, and possibly Constitutional things on this thread.
I am not talking about the rebate robots. The liquidity providers are harmless. Sure, the deficit is a huge issue. Policy is a nightmare. I'm not going to argue with you about this. We've also hit a point where the economy simply can't provide for our population. There is not enough growth / expansion to accommodate new generations. But I will argue about wall street being a mechanism for the rich to steal from the middle class. Who is the long term loser? It isn't the hedge funds, not the brokers, not the exchanges, not the investment banks, not the corporations. It is the middle class investor. That is where the long term profits come from for wall street. Wall Street is sinking the ship. They / we are sucking money right out the economy. The working class puts their money in, and wall street takes it from them. The rich continue to stockpile money while the middle class sinks closer and closer to the poverty line. Sure it is policy blunder. Sure it is the result of the baby boomer "me me me" generation. Jobs cut, salaries cut. Costs cut. Why? To maximize shareholder value? To maximize the amount of money that can be stolen by wall street? This game is not immortal. One day it is going to break down, and it will take the world with it. The two are interconnected. They took us off the gold standard, gave control of the currency to human beings. Devalued the dollar, hence devaluing the net worth of the middle class and poor. This decline in net worth yielded profits for the street. More money has been sucked from the system. That was the last major crime. Best case scenario: New technology / industry develops and saves the world. Potential scenario: Now we head into a 20+ year recession / depression. We will wait for the baby boomers to die off. Wait for wall street profits to dwindle, allowing some capital to re-enter the economy. Fewer children are born. Education costs drop. New policy brings job growth back home, away from emerging markets and China. etc etc We get the next generational bull market. You get a consolidated, more efficient America. More probable scenario: The system breaks down as we will NEVER get the right group elected to fix the mess. World War 3. ----------- Technically, we double topped. We tried to retest (arguably. the market only lifted due to the devaluation of the dollar). We failed. Now we go lower. ------------- I'm not only blaming wall street. I am blaming the entire generation that created this neo-feudalist system. Eventually, the money teet stops oozing. ----------- Oh and by the way, fade the TLT. That is your bond trade. Trade of a lifetime.
Well, there's so much wrong in what you're saying, I'm probably not going to get anywhere by reason. The United State is in no way a feudal system, neo or otherwise.