| To: Follies who wrote (43061) | 1/3/2013 8:10:15 AM | | From: GROUND ZERO™ | | | | All true, but still, high end earners have every right to stop earning if they want to stop, no one is forced or obligated to "serve society" or serve anyone else unless they wish to do that as a personal choice... I would rather give my extra taxable income to my favorite charities than to give it to ovomit and his lazy leaches so they could piss it away on their lunatic pipe dreams...
Taxing the wealthy doesn't help anyone, in fact, it hurts the poor because that's less money going to charities, less money going to pay employees, less money going to provide benefits to employees, and so on... an idiot like ovomit is not in touch with the real business world and so has absolutely no clue how it works in real life...
GZ |
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| To: GROUND ZERO™ who wrote (43056) | 1/3/2013 8:21:38 AM | | From: Vendit™ | | | | | FWIW I show fresh momentum signals on the $SPX and confirmed stochastic buy signals. With the futures down I wonder if the MMs are showing another head fake but down instead of up as the indicators are showing. |
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| To: Vendit™ who wrote (43063) | 1/3/2013 8:44:19 AM | | From: GROUND ZERO™ | | | | Thanks for that valuable info... I think the futures are down this morning because of normal profit taking, we've already reached the minor VP so it would be expected to see some selling here... but, the broader picture is still bullish, my model had one spectacular buy signal confirmation yesterday, so I think we're going to see higher markets through January, at least...
GZ |
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| To: Follies who wrote (43061) | 1/3/2013 9:07:00 AM | | From: Qualified Opinion | | | | | Liberal democrat Al Gore sells his stake in a U.S. TV network to the terrorists:http://www.foxnews.com/entertainment/2013/01/03/al-gore-nets-reported-100-million-in-sale-current-tv-to-al-jazeera/ |
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| To: FCom777 who wrote (43034) | 1/3/2013 9:23:09 AM | | From: Fintas | | | | I stated the other day to EXPECT a bounce. HO HUM. I also stated it will fail. Not if but at what level.
As it does, then expect another bounce and that too will fail. NOT if but at what level.
MOMO spx moved to the 75 area on this bounce. There's a bit more. Once that is reached then down to retest to bounce to then retest and bounce and then retest UNTIL 22-30 is resolved. It will take TIME.
What does it mean re SPX. HECK if we push high enough then forget spx 1150. And then spx 1270. But ol spx 1296/1305/1324 will be in sight until the numbers say they can not be. Sort of like those who are waiting to buy F at 1. or GE at 9. Don't hold your breath. So it is with spx 950. BUT SPX 1300's are still in play.
A close and hold above SPX 1486 will give the kiss of death to spx 1270.
NONE of this has a thing to do with a longs core positions. LONGS just hold onto them when they own them at bargain prices and enjoy watching others hope to get in.
Until, I see numbers that support things can not happen, as a bull I enjoy green but as one who is objective I also understand the difference between a solution to our debt and what was just passed.
ALL IMHO Fintas |
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| To: GROUND ZERO™ who wrote (43062) | 1/3/2013 9:26:43 AM | | From: Fintas | | | | PSST they don't care. They care about what they believe is best and as a result will work towards implementing. It's not a fast track. It's slow but with this assurance. THEY WON and they have the position until they do not.
As a result lots of ground can be taken and slowly but surely the foot print becomes bigger.
WHAT TO DO.
EXPLOIT and then retreat to one's bunker.
SMILE
ALL IMHO
FINTAS |
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| From: Copeland | 1/3/2013 10:41:56 AM | | | | | | A little off topic, but I just finished Currency Wars by Jim Rickards. Great book and an easy read. Essentially, Rickards' thesis is that when countries are in a bind -- high unemployment, slow economic growth, high debt, in other words, what we're facing currently as a nation -- they devalue their currencies to boost exports to boost GDP and inflate out debt. The only problem is, that only works temporarily before our trading partners retaliate with devaluations of their own, resulting in global stagflation and eventually war. Rickards goes through the earlier two currency wars of the 20th century and attempts to figure out how the current war, started in 2008 with QE1, will play out.
The Fed is still trying to actively devalue the dollar to mitigate our debt and boost the economy. Unfortunately, the dollar is still holding steady because our trading partners are selling their currencies like mad and exchanging them to dollars and buying treasuries, thus attempting to put a floor under the dollar. This will probably continue until foreign inflation that is being generated by this action becomes unbearable, at which point the tide will reverse and the United States will start seeing runaway inflation.
finance.yahoo.com |
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| To: Fintas who wrote (43067) | 1/3/2013 10:47:43 AM | | From: GROUND ZERO™ | | | | Of course, they don't care... if they did, then the world would be very different... their only interest is power and more power... the sooner the jackasses who vote them into office realize that, the better off everyone would be...
GZ |
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