| 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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| To: phlegmish who wrote (43048) | 1/3/2013 11:01:20 AM | | From: Kirk © | | | | Do you ever wonder where all the money we are spending is going?I don't post often, but when I do.... quality over quantity works well
Have been mostly lurking for years, actually since the early days, back on Suite 101. What was your handle there? We had a great group but for a few trouble makers. GZ does well to keep them away here.
As an MD, I am totally fed up with what the government and insurance companies have done to our profession, the ridiculous regulations, the mandated EMRs that were shoved down our throats by Obama, the ridiculously long days for an ever shrinking paycheck (I make 45% of what I made in 2000), and now, as an evil 2%er, having a target placed on my back by the new tax code is really the final straw. Who is making all the money? The insurance companies and hospital administrators and builders? Here we have some very new hospitals paid in big part with higher taxes and yet I'm paying a fortune for a high deductible plan with a grandfather clause that is supposed to protect me if I get some disease that costs a fortune every year to treat since it has no cap. A friend has the same policy, supposed to limit to around $9K a year in payments above $6K in premiums... and yet they refused to pay for some of his knee surgery work (too much hiking and coaching soccer) so he had to pay far more than double...
Unlike my business partners, I have saved fastidiously, and am in a position to walk away shortly. Good for you! I am always amazed at how little people who make far more than I save...
in a position to walk away shortly. I plan to work 25% less this year, and will prob make 45% less than last year, which gets me well under the highest tax rate Makes sense. I left engineering when in part I was frustrated at how hard regular engineers worked and all the HUGE gains went to a very few upper managers who for the last decade were protected from paying the same taxes on gains as workers did because they took salary in stock and stock options. When the system isn't fair to the workers, the productive do less. Common economic sense.... yet our tax code continues to punish those who play the game fairly and reward those who don't want to work hard since that is where you get political contributions (the 2%) and votes (the 47%.) |
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| To: FCom777 who wrote (43052) | 1/3/2013 11:20:54 AM | | From: Kirk © | | | | | Interesting discussion. I don't think it is that complicated. The Fed is saving itself (member banks) by printing money to create inflation so the MBS it buys to save the member banks become valued at par again. That means they need inflation to pump up the housing sector even if it means stealing wealth from savers via inflation and negative real interest rates for anyone with cash. Ron Paul saw this as pure theft and he was run out of the discussion and the subject was taboo in the last election. I've been writing about it for some time on message boards and two investment newsletters saying it is a hidden tax on savers. |
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