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I am very new to this site, but always go straight to you..
I really enjoy the words of endearing wisdom found here...
....to meet men with similar beliefs and values
... reading your conversations is a nice diversion.
...you're a gem!
I am very new to this site...
I have only experienced the Ultra Completeness – ONCE
Are you now on the ice block for the next six trading days - that could be an eternity when the bull is stampeding higher.
It could only be 'an eternity' if I allowed it to be; if I watched the charts every other minute; and if I honestly thought 6 days made that much of a difference to the overall picture.
For me it's a time of 'rest' - a time of reflection and I am grateful for the gains I've made.
Money is literally being pulled into the market because of fear. The short hairs are covering. Fear of missing this train is heavy hearted and the hedge funds are tripping over each other again - only this time they want to get invested. Even margin borrowing is starting to expand again. Anyway, I'm staying long and strong.
Not me buddy, I bought then and I'm buying now - no fear here. And I plan to sincerely make several $M before this bull breaks a leg. Buy early in a bull market and by gosh buy often - the more you have in the more you win.
I think the Markets are trying their best to get another 'high peak' and pushing the steam with more power.
Then I expect this to fizzle out and a huge correction to follow.
S&P was up 52% on Friday's Close (a new high) since 3/09
Steady,
The 'Obama Uncertainty Principal' is rearing its ugly head.
I think my earlier reflections with CB this morning pretty much summarize my feeling about Obama and politics in general.
I sincerely believe we give him far too much credit - especially for the 'bad'; but had this MB overwhelmingly been shouting constant praises (instead of insults) for numerous other things (and here I would all the more say the huge gains since 3/09) then I'd be saying we give him far too much credit for the 'good'.
What is happening TODAY goes far beyond the President and I think Silverbird touched on that TRUTH a little earlier.
Will he resign Bernanke and sign Summers?
I doubt it - Ben got thrown in place at the worse possible time. It ain't him my friend ~ it's way more Greenspan and year after year of mounting garbage. I'd encourage you to read Paul Krugman's 'The Return of Depression Economics and the Crisis of 2008'.
I doubt there is a man anywhere who is more qualified in dealing with 'Recessions/Depressions' - that was Ben's most thorough fundamental grounding.
REGARDLESS - The rates were taken down to ZERO by the time Obama took office so there's not much anyone can do.
Will he shove some Health Care bill through on a partisan vote?
I see this now pretty much like some other HUGE MISTAKES WE'VE MADE - that lasted years and cost enormous loss of lives and money . Once started the ones in Power and Control 'can not afford to look like they made a mistake so they keep forging forward in hopes of finding some 'Silver Lining' they can step out on.
So my guess is the Health Care Bill will not go through and essentially prove (as every other Administration during my life) that nothing can be passed as long as 2 opposing sides remain in opposition to one another.
This is just the same ole - same ole
Will he smash a Cap 'N Tax bill through in the face of a Depression?
No clue - but the Goverment of the USA would never in even the slightest degree admit we are facing a 'Depression'
His motto is: Yes We Can
WE is the KEY - see CB's comment of early today
His financial instincts are bad.
He came in at the worst possible time ... within a few months things turned around and as of Friday were over 50%.
He (and the entire Administration) are pawns to the entire System of Corporate Interests and Global Influences.
His political insticts were good, but now...
Or were we hoping they were good ...???
I'd say let the Burners kick on 'FULL BLAST' and make everything crystal clear..... WE ARE TRILLIONS AND TRILLIONS OF DOLLARS IN DEBT....WE ARE LOSING 'GLOBAL CONTROL' AND WE HAVE NO OTHER CHOICE BUT TO 'RAISE TAXES ACROSS THE BOARD AND RAISE THEM TO THE POINT ALL OF US ARE BARELY SURVIVING'
But instead we have to put on the Mask and try to keep this bizarre dream world going and going - because none of them want to really bring out the facts.
Until he makes his move, I am in a defensive posture.
I am in Defensive Posture - not because of Obama - but because the Markets have risen to the height they achieved at the rate they achieved it. I'm looking at various bottom line fundamentals.
Can dump to G in 15% increments or bump into stock 5% at a time.
I like your move by the way...
who will stop the rain , flash backs
Good luck with your new trend following strategy - that'll be interesting.