Thank you "6E" for that wondrous 1.4200 run today! Oh, that afternoon pullback to 1.3980's was another chance to ride the Euro Railway back north (1.4122's as I type).
Never was very fond of Hope as a trading plan. __________________ Author - "These Seven Trading (Investing) Secrets Will Explode Your Account: All I Know About Trading (Investing) I Learned in Flight School"
they tryin to repair consumer NEW habit of striking. not going to happen not going to happen not going to happen once they realise that, change course to robbing. when they will figure this out ? who knows, depends on their modelling tools and how much they twist it to squeeze another drop of hope. ey, ey , ey DEPRESSION COMING TO YOUR AREA WHEREVER YOU ARE IN THE WORLD :eek:
banana ben came out in an op ed today and literally said that qe was about raising stock prices. anyone shorting at this point is literally fighting the fed.
its been that way for ages though, that's why i only ever go long the ES (never ever short it) It's entirely manipulated, but that's fine. Just go with it. Dont fight them. 1400 soon
Article here: http://www.washingtonpost.com/wp-dyn/content/article/2010/11/03/AR2010110307372.html Yes, basically he wants to make us traders rich and then to go out and spend the money.
only, with the exception of 200k or so people in the country who have substantial holdings in stocks/investments, it will do zero for everyone else. he's trying to stop a deleveraging process, and it simply cannot be stopped. as a result, we'll export massive cataclysmic inflation to the developing world, eventually ending up with it here as well. all so a bubble can be blown in equities, bonds and commodities all at once. hes unbelievably short sighted.
I agree with you on the economics, but with regard to trading/investing, I would like to take advantage of his generosity.