I go long and short both. IRON CONDORS on RUT , NDX, and major stocks. I shorted BIDU today and held my breathe its a very bullish stock , my stop loss $2 above never got hit for 5 points and I covered.
Job report Friday April 4 , 2008 doesnot points to a recession. Yes it has slowed down but why beat ourselves and damage our charts?
How can you say three monthly declines in a row in jobs does not point towards recession. Even perma bull Kudlow said it does. He said that today! There is absolutely nothing that points towards growth. Scariest of all is the consumer who is mired in record debt and cannot use his home as an ATM anymore. that is 70% of our economy! Electronic sales: negative car sales: worst since 1995. Even Toyota is off 10%. This is just starting you blind bat. I'm sure you will make money on some of these up moves, but long term, this puppy is down.
The problem with the losing concept (position, trade) is that you always find right argument to support your case or your holding. But the truth is another story. Wall Street is the place to make money, not to argue. If BSC is not enough, I guess for you, until GS, JPM, GE file for chapter 11 then you can acknowledge the recession.
I feel like you are the guy who is always asking for data, for facts about what is going on with the economy. And now you get a real legitimate fact and now all of a sudden you are dismissing it? I dont get it, do you want to evaluate true facts like this jobs report or do you not?
hahahhaha...why beat ourselves and damage OUR charts.. you are a joke man! Here's a tip... when the ES gets to the bottom of your monitor, you buy it (it can't fall below your monitor!) and when it gets to the top of your monitor, you sell it (it can't rise above your monitor).. we'll call it Hedgefundpapertrader2's rules of the game..
Start damaging your charts.. kill your golden goose and go sit on the pavement under hot sun with a tip cup in your hand and give eye contact to passing motorist ? Is that what you have in mind buster? Fact: There has not been a single negative quarter of GDP since 2002! How can you make the PIG fly ?
Why do you choose to deny facts? Jayford made good points and all you can muster is this post below? I understand your position of wanting facts rather than doomy gloomers just being pissy for no reason. But when there is REASON like there is now, you have to admit it and face it like a man. It seems like you'd rather argue for the sake of argueing rather than be a man and face the reality of the situation.
These Jobs numbers 80,000 was higher than 50,000 expected and still does not points and bring home a certification of a recession. Lets see a negative GDP quarter than we figure out, till than all worry is just a waste of time and waste of emotional response. You can speculate all you want, you have been speculating real estate prices to come down so you buy that house $50,000 cheaper too... Guess what? The rules changed on you and unless you have 10% down you are not setting foot in that house. You could have bought when credit and loans were easy? In hindsight you are proven wrong by your own wild speculations and extrapolations and delusions. You have been speculating all your stupid life and you are always wrong!