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Old 01-31-2008, 02:55 PM
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Default Dow up 169 at 1:51 CST

Oh boy, here we go the "shorts" are getting their nuts squeezed and the longs are dressing up their portfolios for end of the month results. Be careful that is why I say Buy the Dips, SELL the flips...........oh yea, Silver is 16.99, msft is 32.86. This is going to be interesting. Can they hold Friday? A lot of different looks I see as I crunch the numbers. My fucking heart is starting that THUMP, THUMP thing before all hell breaks loose......... We'll see.
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Old 02-05-2008, 06:49 PM
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Originally Posted by cottonbroker View Post
Oh boy, here we go the "shorts" are getting their nuts squeezed and the longs are dressing up their portfolios for end of the month results. Be careful that is why I say Buy the Dips, SELL the flips...........oh yea, Silver is 16.99, msft is 32.86. This is going to be interesting. Can they hold Friday? A lot of different looks I see as I crunch the numbers. My fucking heart is starting that THUMP, THUMP thing before all hell breaks loose......... We'll see.
I told you so. It is a bad sign when the Federal Reserve puppets cannot even prop up the markets. The markets are adjusting downward in case Obama or Hillary get in office. DOW Down--350>+points
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Old 02-06-2008, 01:05 AM
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The problem is you expect the Federal Reserve to pander to you and your ilk (traders). I personally despise traders, am wealthier than you, will be able to quit my day job before I am 30 years old - and the Feds have done a remarkable job.

The reason is that the market historically has only performed in one area; dividends - companies, stocks, everything is volatile and the US is not much farther ahead of where it was in real terms since the 1920s.

Japan...to put it another way - is still poorer than it was in 1916.

The magical difference is the quality a dollar buys today is much more than the quality a dollar bought in those days (if you're using real values)...inflation has expanded the nominal differences.

Damn I'm rambling but anyway - long way short...

Fed's good to income investors...not to traders.
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Old 02-06-2008, 02:06 PM
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I don't agree with everything you said, but I do agree with some of it. By the way, traders make a liquid market for people like you.
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Old 02-06-2008, 06:24 PM
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No, there's about 30,000 "day traders" in the US (statistics from EBSCO host) that is an old figure though maybe they've doubled in number or such - most I meet are generally teenagers 18 to early 20s...

I don't think the massive volume changes are made by traders but rather - by intermediates. People who see a better position and want it so they sell off something else of theirs (I do that...) or by large institutions who are looking to sell off millions of shares or buy millions of shares at a time.

I think traders are viral though because for what little volume impact they may or may not have they do have a potential to drive or lead speculation and panic just like anyone else only traders and intermediates closer to traders (say someone who buys and sells over weeks not days) generally don't know a flying fuck about what is going on.

Just my biased opinion on that one but I base it on my continued success and their continued failures...

Since the Fed generally helps fundamentals its generally a boon to investors over traders
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