Not the worst idea you'll ever have.
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Short term trades in the stock market •$$$$$•
- Thread starter TNTBudSticker
- Start date
robbiedublu
Member
If you haven't seen this coming from a long way away you must have been comatose. You think the last few days have been bad just wait!
I am a barbarian and I love my relics! 
Thought I saw a selling climax today, with machines doing most of the selling in last 40 minutes, especially the last 15.
Went 100% long stocks.
Expecting a large bounce tomorrow just on short covering alone.
I could be wrong, but that's how I'm playing this.
We shall see. I will be very quick on the trigger tomorrow on any downward move. They need to put a stop to this machine selling.
Went 100% long stocks.
Expecting a large bounce tomorrow just on short covering alone.
I could be wrong, but that's how I'm playing this.
We shall see. I will be very quick on the trigger tomorrow on any downward move. They need to put a stop to this machine selling.
i think we might get a second bounce, true...throw a dead cat at the ground hard enough, and it might bounce twice
robbiedublu
Member
Or, you could just go leveraged short the entire market (or leveraged long gold) and forget about it for a month or two or more . Don't have to be married to your computer screen that way.
robbie hit the nail on the head, and it was a burning question i was going to ask. if you guys think it's that bad, fuck short term trades. why not just short sell the whole dow 30 and watch the money come in when the market crashes?
i own gold, but i really don't look at it as any sort of real doomsday hedge. if shit hits the fan that bad, gold won't matter for a very long time. if the whole world were to disappear and you were forced to fend for yourself, what would you want/need? shelter/protection/subsistence. what good is a big hunk of metal going to do for you? buy land, guns, food, a greenhouse. all the real militiamen i know, that are already up doing that shit in the mountains and have been for years, don't give a fuck about gold.
i own gold, but i really don't look at it as any sort of real doomsday hedge. if shit hits the fan that bad, gold won't matter for a very long time. if the whole world were to disappear and you were forced to fend for yourself, what would you want/need? shelter/protection/subsistence. what good is a big hunk of metal going to do for you? buy land, guns, food, a greenhouse. all the real militiamen i know, that are already up doing that shit in the mountains and have been for years, don't give a fuck about gold.
robbiedublu
Member
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Who is going to pay you when all financial institutions and the governments are deemed insolvent? What currency are you going to be paid in if confidence in fiat is lost? I think iD has the right idea.
I'm not saying this is the end of the world. I don't understand why people think if your currency is destroyed and your zombie banks are found to be insolvent the world disappears. It's not like countries haven't experienced hyperinflation before.
It's not the end of the world. It is the end of modern (Keynesian) economics. It will be in the end of America's reign as the hegemonic state and it means a severe decline in living standards for everyone for a while. And if you don't think there is going to be a violent lashing out from the poor who are going to be hit hardest by all this then.......I don't know what to tell you. When we have income disparity like we do now some sort of proletariat violence is guaranteed. Do I really need to rattle off all the examples going on around the world right now or mention that the situation we find ourselves in is unprecedented in history and thus the collapse of said system will likely be unprecedented in magnitude?
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Europe closed up today on hopium. We should get our short covering bounce today and no more apocalyptic news for the days it seems.
Europe may have been riding high on a rumor of a short selling ban released by the NYT. That was shot down right at close. I think watching Europe, SocGen, BAC, JP Morgue are key.
Rejected: A Europe-Wide Short Selling Ban "Does Not Look Likely"
Europe may have been riding high on a rumor of a short selling ban released by the NYT. That was shot down right at close. I think watching Europe, SocGen, BAC, JP Morgue are key.
Rejected: A Europe-Wide Short Selling Ban "Does Not Look Likely"
i totally agree...it's going to go way beyond civil unrest. all it's going to take is all the people on welfare not to get their check one time, and the "hood" will rise up. when americans realize that grocery store shelves just don't magically restock themselves.
in effect, it is going the be the end of the world for many people. the middle class is going to get slaughtered and the poor will have it even worse.
gold won't be much good to me(although i own a good amount), i'll have everything i need up in the mountains back-country. i'm 24 and see this shit. best case scenario, everything stays the way it is, and i get to blow up the 5000 sq. ft. greenhouse for 2 more seasons. i'm prepared to succeed either way..can't let my kids down...
sorry for getting this so off topic, but you'd have to have balls of steel to trade in this volatile of a market.
Let the "great culling" begin...
This ain't like the old days...the poor being the workers, the farmers, people scratching out a living. These are people who don't do/know anything. "Our poor" don't hold anything against us of value...they've got nothing to bargain with except their violence.
We can't afford to house, feed, and take care of them any more.
Interesting times ahead...
No joke. Balls of steel and/or be a pro. I have neither qualifications.
The Greek tragedy that is the European markets continues. The desperation is palatable.
Milan Bourse is the Italian exchange. It's completely broken at the moment.
Milan Bourse Says Will Not Resume Futures Trading On Thursday For FTSE MIB
Milan Bourse is the Italian exchange. It's completely broken at the moment.
Milan Bourse Says Will Not Resume Futures Trading On Thursday For FTSE MIB
robbiedublu
Member
Good time for all the longs to cover, or get out entirely.
This is funny in a tragic way. Look at this statue in front of the Milan Bourse. Take notice to which way it is facing. Away from the exchange and at everyone else.
It is supposed to represent a salute to the problems that caused the financial crisis in 2008. As we watch the Italian markets meltdown the symbol couldn't be more ironic.
It is supposed to represent a salute to the problems that caused the financial crisis in 2008. As we watch the Italian markets meltdown the symbol couldn't be more ironic.
I already got the biggest garden on the block and the lead to go with it. Just tryin to figure out what to do with this paper before I need to toss it into my bbq to fire it up.
