But we have already done that and much worse. Look at the charts on SPX, SPY, RUT, IWM, GOOG, RIMM, BIDU, AAPL what do you see? Someone destroyed them with so much vigor that an ordinary recession ( if we have one one day) would not have. Its call short selling, ramping the rallies, rush to exits, running to the hills and having no faith that we will have to come back to this carnage and start picking a living out of it. Complete disregard of everything civil and decent!
Still mired in that deep doom and gloom and trading with a bunker mentality as if there is nuclear holocaust about to happen? Sell short and rush to the exits? Well I got news for you. SPX is above its 50 day and its rising and market is shrugging off all that bad news every day not giving its gains. You look outgunned and outclassed and obsolete and sitting on the pavement with suitcase in hand. Recession or no recession, market is going up. End of story.
You are now officially the biggest dumbass in the world. You don't win anything for this except a kick in the ass.
You think we destroyed the charts? It is all relative. Look at the charts during the last recession which was in fact a mild recession. Look at the bottoms during 2003. Look at all the noise leading up to it and please take note how long it took for the charts to bottom. This time around the market is way more over inflated, so the noise is going to be exaggerated. Sure the govt, the power players are all going to continue to prop this market up as long as they can and sure you are going to continue to see these huge rallies that you can make a fortune off of but don't mistake a bear rally for a long term trend. Fundamentals eventually will tell the real story. Soon people are going to stop cheering when these institutions raise capital by completely diluting their equity. I think the next rate cut will bring cheer to the market, but soon the rate cuts just won't matter. Recessions happen, it is reality, it is healthy and if your positions are as long as your mouth your are going to learn some hard lessons.
day7793 (hedge yeah right) and stock trader whatever number became immaterial about the same day they "joined" if everyone will ignore "them" it will go away...please put both these putz's on ignore
HedgefundTrader2, are you related to HedgefundTrader1 at all? Here's a post from HedgefundTrader1 from another board: "There seems to be a problem accepting my bearish comments about this stock. This seems odd given that people can quite easily discuss a book and hold opposing opinions without resorting to offensive insults directed at me. I think the reason for this is that people are clearly losing money on this and other bank shares, and therefore feel that they can make offensive comments on this board to me. Many will have bought Merrill at a higher price than it is now and have lost a lot of money, but that is still no reason to be offensive to me. I have said I have no interest in any bank shares, long or short, and the suggestion that bearish posters like me are paid to post here is ridiculous. I suppose that the many posters on here who continually talk up Merrill, no names, are also paid by someone? Let me state quite simply again. I followed the credit crunch in Japan in the 1990s very closely and I saw what happened to the banks there. I see the same credit boom that happened there has now come to an end in the US and the UK and the same story will play out. There is nothing that governments or central banks can do to stop it until every last dollar of the trillions of dollars of toxic debt has been taken out of the system. This process takes many years and it is still going on in Japan almost 20 years after their credit collapse. Japan has also had interest rates at 0% for many years now and it has not made the slightest bit of difference to the credit collapse process. The US and UK can also reduce their interest rates to 0% for many years and it will still make not the slightest difference to the process. There will be massive rights issues and dividend cuts, and this process is already under way. Therefore despite the offensive comments to me from other posters, you know who you are, I will continue to post here, alone in the hope that some may be well informed about what this credit collapse will mean for banks. I stand by my forecast that bank shares of the weakest capital banks such as Merrill will fall by the same 90% levels from their highs that the weakest capital banks in Japan fell by during their credit collapse. I expect to see Merrill below $30 in 2008, and below $10 by the very end of the credit collapse which may take several years." Completely wrong yet almost believable. It's like a post from the twilight zone, eh?
Please use decent and civil language, this not your daddys couch. This is a public forum and I will pass this on to the moderators.
I am sorry 2+2 = Is not equal to 4. I have nothing to do with any other poster on this forum. This is my only handle and I use it frequently.
Am I supposed to respond nicely to your last line? Well I am confined to the norms and decorum and own a privilege to post, and I dont want it to be taken away from me, so its best I keep my long mouth shut, otherwise I would have taken a piece of your nose skin right now and taught you a lesson in civil discourse.