I have enjoyed reading this thread for a long time. Hearing from both of you guys has been very informative. The recent fighting, not so much...
BTW, going indepth into my reasoning, price levels, executions like I did for June 2010 was exactly what I planned to do for the current trade I put on last week. Of course that was before some douchebag comes in here telling me I don't know ****, questioning how long I've been trading, and at the same time have the nerve to DEMAND that I explain how I came up with the exact top of the market. I am sure you have no problems answering questions robbie, since all that comes out of you is hot air. The reason why I won't answer your questions is because my answers actually provide VALUE. Something I have no intentions whatsoever of doing for you.
No actually I was trading then. I think I was pretty clear about posting I was trading. And if you want to say you made 5 times what I make in a year in 9 days then you are an amazing trader. And I was just having some fun. FWIW you never posted exits. Just your stops which looked like they got hit. Anyhow...who really cares. Just relax a bit. It's only the stock market. It's just a game.
Both of you just make up. It's quite clear both of you know a lot about the market and have made a ton of money with that knowledge. We all appreciate what you guys have imparted on this thread. Let's get it back on topic.
Is this the stocks and investing thread? Maybe it's my imagination, but it seems like every time Bernanke or Obama make a speech, the market plummets. Maybe I need to take note of that.
I just get the feeling that as long at the Euro zone keeps being a step behind all their issues, we're going to be be mucking up and down between 10,800 and 11,500.
i don't know if its going to keep affecting the us, but i do know its going to be an issue. problems are usually a lot worse than we know. besides that, greece's main problem is they don't make crap. i'm not a finance expert, but i do know if your country doesn't produce anything, it can't pay for anything. its really not a hard concept to understand just look at the soviet union, a supposed superpower
Well today relates more to fears about Greece defaulting soon after the comments Germany made about coming to the aid of the Euro zone in the event of default. Also the market already knew what Obama was gonna say and he didnt announce anything unexpected.
You're correct. It is really amazing that Europe decided to tie themselves together like they did with currency. It is a fine way to operate if everything is going well, but as soon as one member state decideds to be crappy, it brings everything else down. If Greece had its own currency that could float against all the other countries, it would devalue and the issue would fix itself. As a US citizen it is frustrating enough for my tax money to go to bail out other US citizens, states, municipalities, and corporations, but at least they are US interests. It would bug the heck out of me if I was a tax paying German and I had to keep bailing out a bunch of Greeks that want to keep their social services while not producing anything.
Buffett also bought Goldman very early. He may be rift eventually about BAC but that doesn't mean he won't also endure some significant drawdown in the meantime. Look to other financials if you want to own a financial.
The same goes for all the PIIGS nations. I don't see how those guys can avoid default. It's not like it would be the worst thing in the world cause the debt is going to have to get restructured and bond holders are going to have to take some losses.
