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post #93321 of 136697



 

Quote:
Originally Posted by USMC View Post

Futures are trying to turn again like last night. Breaking 12K might have reset all of the dumb money to get back in. Forget old resistance levels, that was all reset after the crash.



 Futures seem to be treading water right now.We should have a better look tommorrow morning.

post #93322 of 136697



Don't you ever argue or question my judgement!! rotfl.gif

Quote:
Originally Posted by mxdave View Post



 

Quote:
Originally Posted by USMC View Post

Futures are trying to turn again like last night. Breaking 12K might have reset all of the dumb money to get back in. Forget old resistance levels, that was all reset after the crash.



 Futures seem to be treading water right now.We should have a better look tommorrow morning.

post #93323 of 136697
Quote:
Originally Posted by USMC View Post



Don't you ever argue or question my judgement!! rotfl.gif

Quote:
Originally Posted by mxdave View Post



 

Quote:
Originally Posted by USMC View Post

Futures are trying to turn again like last night. Breaking 12K might have reset all of the dumb money to get back in. Forget old resistance levels, that was all reset after the crash.



 Futures seem to be treading water right now.We should have a better look tommorrow morning.


 


 Sir yes sir

post #93324 of 136697
Quote:
Originally Posted by USMC View Post

Forget old resistance levels, that was all reset after the crash.


Nah, of course they will factor in. Interested to see how choppy it gets around 1365-1380-1400. We could go there in March, it might not be until much later in the year, or not at all (that there is what we call USMC bait, guaranteed satisfaction!). But there is some good congestion there. Between here and there, price is about as frictionless as a bottle of KY.

ED: Please don't downgrade any of my holdings in retaliation for questioning your judgment.tongue.gif
post #93325 of 136697
Quote:
Originally Posted by USMC View Post

Sorry my Bear friends, it's only going to get worse. I hate to gloat, but everything I've said over the last year has or is coming true. I really need to quit my day job and become an analyst. Just wait till 2012 my friends......... (This is no BS... Since age 7 or 8 I've called every recession and every recovery).

 

Economists Expecting Faster Jobs Growth Now Published: Monday, 7 Feb 2011 | 3:57 PM ET Text Size By: Patti Domm CNBC Executive Editor Economists are now expecting more rapid improvement in the unemployment rate, despite mixed messages in Friday's snow-blown jobs report. Stocks have rallied and the dollar strengthened as a better economic view buoyed financial markets Monday. The better data also spurred a move higher in Treasury rates—and once again, has markets questioning the Fed's easing programs. Over the weekend, Goldman Sachs economists trimmed their outlook to an unemployment rate of 8.6 percent by the end of the year, down from 9.0 percent. They now see 2012 at 8 percent, down from 8.3 percent.

 

 

http://www.cnbc.com/id/41461372

 

Many economists believe the economy is on the verge of adding a large number of jobs. However, "at some point, the labor force is going to expand very rapidly," Stanley said, noting that when that happens, the unemployment rate could see upward pressure from a growing number of workers actively looking for jobs.  

 

 

^^^^ With strong earnings, it's only been when not if jobs will follow. Corporation will start hiring- they have to. ^^^^^ And I said that would happen.


DELETE DUE TO DUPLICATE. 

post #93326 of 136697
Quote:
Originally Posted by USMC View Post

Sorry my Bear friends, it's only going to get worse. I hate to gloat, but everything I've said over the last year has or is coming true. I really need to quit my day job and become an analyst. Just wait till 2012 my friends......... (This is no BS... Since age 7 or 8 I've called every recession and every recovery).

 

Economists Expecting Faster Jobs Growth Now Published: Monday, 7 Feb 2011 | 3:57 PM ET Text Size By: Patti Domm CNBC Executive Editor Economists are now expecting more rapid improvement in the unemployment rate, despite mixed messages in Friday's snow-blown jobs report. Stocks have rallied and the dollar strengthened as a better economic view buoyed financial markets Monday. The better data also spurred a move higher in Treasury rates—and once again, has markets questioning the Fed's easing programs. Over the weekend, Goldman Sachs economists trimmed their outlook to an unemployment rate of 8.6 percent by the end of the year, down from 9.0 percent. They now see 2012 at 8 percent, down from 8.3 percent.

 

 

http://www.cnbc.com/id/41461372

 

Many economists believe the economy is on the verge of adding a large number of jobs. However, "at some point, the labor force is going to expand very rapidly," Stanley said, noting that when that happens, the unemployment rate could see upward pressure from a growing number of workers actively looking for jobs.  

 

 

^^^^ With strong earnings, it's only been when not if jobs will follow. Corporation will start hiring- they have to. ^^^^^ And I said that would happen.


You're certainly free to say whatever you want or gloat as much as you have been (I won't complain or attempt to stop you).  But if there's one thing I've learned in life, it's that when you're absolutely certain about a specific outcome and you proclaim your certainty out loud - well, you'll probably be eating crow later.

 

Not only that, but using forecasts from an economist and claiming that as a valid source??  And probably a Keynesian economist at that rotfl.gif  Well that's just pure comedy my friend.  C'mon man (MNF reference)!
 

post #93327 of 136697
Quote:
Originally Posted by USMC View Post

 Forget old resistance levels, that was all reset after the crash.


ya sure.. laughing.gif

post #93328 of 136697

Look at gold run my GLD calls are going to look very nice tomorrow if it holds!

post #93329 of 136697


 

Quote:
Originally Posted by Rhythmdoctor View Post



Quote:
Originally Posted by USMC View Post

Sorry my Bear friends, it's only going to get worse. I hate to gloat, but everything I've said over the last year has or is coming true. I really need to quit my day job and become an analyst. Just wait till 2012 my friends......... (This is no BS... Since age 7 or 8 I've called every recession and every recovery).

 

Economists Expecting Faster Jobs Growth Now Published: Monday, 7 Feb 2011 | 3:57 PM ET Text Size By: Patti Domm CNBC Executive Editor Economists are now expecting more rapid improvement in the unemployment rate, despite mixed messages in Friday's snow-blown jobs report. Stocks have rallied and the dollar strengthened as a better economic view buoyed financial markets Monday. The better data also spurred a move higher in Treasury rates—and once again, has markets questioning the Fed's easing programs. Over the weekend, Goldman Sachs economists trimmed their outlook to an unemployment rate of 8.6 percent by the end of the year, down from 9.0 percent. They now see 2012 at 8 percent, down from 8.3 percent.

 

 

http://www.cnbc.com/id/41461372

 

Many economists believe the economy is on the verge of adding a large number of jobs. However, "at some point, the labor force is going to expand very rapidly," Stanley said, noting that when that happens, the unemployment rate could see upward pressure from a growing number of workers actively looking for jobs.  

 

 

^^^^ With strong earnings, it's only been when not if jobs will follow. Corporation will start hiring- they have to. ^^^^^ And I said that would happen.


You're certainly free to say whatever you want or gloat as much as you have been (I won't complain or attempt to stop you).  But if there's one thing I've learned in life, it's that when you're absolutely certain about a specific outcome and you proclaim your certainty out loud - well, you'll probably be eating crow later.

 

Not only that, but using forecasts from an economist and claiming that as a valid source??  And probably a Keynesian economist at that rotfl.gif  Well that's just pure comedy my friend.  C'mon man (MNF reference)!
 


I just find this kind of ironic since you were absolutely, positively, 100% certain that we were going to Down 2000.  Unless this is a cautionary tale type of thing. 

 

For the record, I think these prices are completely insane right now, as well....but I don't tilt against windmills.  The money says long, so I go long.

post #93330 of 136697
Quote:
Originally Posted by Quintious View Post

you were absolutely, positively, 100% certain that we were going to Down 2000

Wow here people go misquoting RD again. Seems almost nobody who disagrees with his views cares to even quote him accurately. That's a shame.
post #93331 of 136697

Beside criticizing information posted by other, do you any useful information to contribute positively to the forum.

post #93332 of 136697
Quote:
Originally Posted by yeosh118 View Post

Beside criticizing information posted by other, do you any useful information to contribute positively to the forum.



Post error ... please delete

post #93333 of 136697

China raise interest rate, Europe equity down, head wind today.

post #93334 of 136697


 

Quote:
Originally Posted by rando View Post



Quote:
Originally Posted by Quintious View Post

you were absolutely, positively, 100% certain that we were going to Down 2000



Wow here people go misquoting RD again. Seems almost nobody who disagrees with his views cares to even quote him accurately. That's a shame.


I don't know what he says these days.  I lack the time to spend on the forums that I had a year ago.  But I recall quite vividly that he was hell-certain we were going to Dow 2000.  It mighta been 3, but I'm pretty sure it was 2.  It's thousands of pages back at this point, but I very clearly remember him talking about macroeconomics on a scale of decades as opposed to months or years, global economic armageddon, etc.  Sorry, but when you make a statement that far out there, you have to be prepared for a little ribbing.

post #93335 of 136697

We also get a smaller dose of POMO ..................1.5-2.5 billion

 

Quote:
Originally Posted by yeosh118 View Post

China raise interest rate, Europe equity down, head wind today.



 

post #93336 of 136697

Tresury acution at 1PM i think too.

post #93337 of 136697
Well Q, just out of memory let me see how I can do with quoting his view... granted I've spent a bit more time discussing things with him so I probably have a better chance of recalling what he said, whereas you have been busy fixing Fortune 50 mainframes and such so how could we possibly hold you accountable for some flippant ribbing...? His confidence interval in going to Dow 5000 is probably around 75% and let's put that on a 3-10 year timeframe. He said 1K was perfect storm maybe 10% confidence interval. Granted I don't agree with the analysis but there is no value in cheapening what he says as it can only serve to blind the self.
post #93338 of 136697

anyone shorting this am?

post #93339 of 136697

thumbup.gifthumbup.gif the first 6 min. of this video is so damn true.
 

post #93340 of 136697
Quote:
Originally Posted by Marcus092 View Post

anyone shorting this am?


Nope, playing long until proven wrong... which has not happened yet.

Watching RIMM puts to play the downside when it comes.
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