Trading advice is probably stupid, period. But even more so when some people come on here telling folks what they did the day before. Not sure how that is beneficial to anyone, since looking at the rear mirror is useless in trading. At least some of us call out our targets beforehand.
So was the 389 the last hurrah cause that's what it sound like you were saying? Or was 420 the last hurrah? Or was 275 the last hurrah when you said AAPL was done like a year ago?
No reason to post every little trade I do since it won't benefit anyone here since I am in and out of trades relatively quickly during the day.
Pretty crazy we broke the '08 high for TLT earlier today. I'm gonna go get 10 mortgages so I can buy some depreciating real estate!
The FED surprised by buying a little more long term treasuries than expected. But it's not helping the economy
Let's be clear. I am bearish on Apple the company and it's future, which I see eventually manifesting in it's equity price. Whether this is the long term top or not I can't say for sure, but as a trader you trade. You know what a trader is, right?
d.e.b.t. i think that was the spin. europe may spiral into a debt crisis and drag us all with them would have been the unspun response. i'm not sure how easy it is to lie when people can prove you wrong with their own lives. telling people things are great when they don't have a job and haven't had one for a while is a tough trick to pull off. confidence isn't down because ben bernanke isn't peppy enough, it's down for a good reason.
Well then state it as such. Don't go implying to people you are selling the absolute top of AAPL when you are just putting on a short term trade. Trade AAPL's whips up and down to your heart's content, but if you are going to post a trade here that others might use as advice then you should state time frame.
The only time I implied any absolute top was when I said 1230. Learn to read. Maybe you could have taken advantage then. Instead of still scratching your head.
BTW I hope no one bought today, shorting any gap higher tomorrow. If you are waiting to buy for the medium term, look for sometime next week. If you are waiting to buy for long term, keep waiting.
I bought some gold today. I also heard that some Euro banks might have been selling gold. There is also the inverse relationship between the dollar and commodities. That is why almost all commodities went down today. With all that considered gold did not fall too far. I expect it to go up tomorrow.
Yes debt (assuming you are talking about govt debt - other's and our's) is a problem but I think THE number 1 problem is consumer confidence closely followed by jobs - though you could switch those 2 and I wouldn't argue. Pretty evident Mr 0fer is clueless and getting clueless advice on jobs so lets just table that for the moment. But you CAN'T come out and say the sky is falling and unless you want people to panic. Wall Street is more emotion than fact in most cases. And Operation Twist is a huge FAIL even before it left the gate and yesterday’s Fed speech did way more harm than good. And you can't put the brakes on govt spending completely at this point. That should have been done years ago but now you can gently apply the brakes and slow wasteful spending - start with the pentagon - but you can't balance the budget and reduce the deficit without sending this country into a bigger recession. It's not about lying, it's about spinning. Where did I say to lie or tell them things are great? R.E.A.D. Can't go out pumping sunshine but you can pull the positive, any positive, and focus on that and in the mean time work on things to create more positives. Fortune 500 companies do this EVERY DAY. So if you concede that confidence is down and is a problem - though you think debt is a bigger - did Operation Twist's announcement help or hurt confidence? Do you think it helped the debt? I think Wall Street gave you the answer. If you increase confidence, consumers will increase spending, which will increase jobs which will reduce debt - assuming you don't blow your new money on more $16 muffins.
It's good to see a few gold bulls here. Don't forget the Indian holiday Diwali(Festival of Lights), is October 26th. Ever year, India makes a run on Gold during this time. They consider it the best time to buy gold. As we get closer to the holiday, eventually gold will rally. After October, Chinese jewelery manufacturers stock up on gold to create gifts for Chinese New Year(January 23rd). A little gold sell off to cover margin is just another opportunity to buy.
