31 votes
Sage
Posted 29 January 2014 - 09:46 PM
"This wealth effect they've been using to prop this thing up, once that's removed, you go down on no volume, you reprice." - Druckenmiller
"I will bet from beginning to the exit, the wealth effect from QE will have been negative, not positive. Negative." - Druckenmiller
Anyone who hasn't seen this Druckenmiller interview from last Sept when the fed decided not to taper, a must watch. cnbc.com/id/101046576
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Little Master
Posted 29 January 2014 - 09:45 PM
right, so today was clearly not my day. Long @41035/45 worked out great for some time. Was in meetings almost whole day. At around 12 I saw we where at 41600 and hit 41700 earlier, so I kept my trade open. Came back later to see us at 412. Eventually closed at 41150. Gave back 100 points now on long order at 40875 and stop was triggered and at this present moment I would have been 30 points green.
Going to get a good night's rest and see what the beast has in store for tomorrow.
Sage
Posted 29 January 2014 - 09:38 PM
Time to shift focus to RBNZ, they announce rates in 30mins.
Buying New Zealand dollars now agaist Canadian Dollar
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 29 January 2014 - 09:36 PM
It bounces again. Lets see how it closes
To sneak a long on nasdaq again will be gambling.
Long 3470 nasdaq
Long 9290 dax
emotions out.
Shorts are hedged now but with quite a spread mismatch putting me net out the money. Now doing the impossible, sell longs at the top and ride shorts down. 
Sage
Posted 29 January 2014 - 09:32 PM
This is just playing with everyone...
It bounces again. Lets see how it closes
To sneak a long on nasdaq again will be gambling.
Long 3470 nasdaq
Long 9290 dax
emotions out.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 29 January 2014 - 09:31 PM
This is just playing with everyone...
Short! Yes it is looking good... oh wait... no... hang onto that thought... S&P bouncing from 1770... What? Oh, yeah, we are heading up.
Edited by AJS, 29 January 2014 - 09:31 PM.
Sage
Posted 29 January 2014 - 09:25 PM
This is just playing with everyone... 
Sage
Posted 29 January 2014 - 09:21 PM
S&P is banging 1770
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 29 January 2014 - 09:21 PM
S&P is banging 1770
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 29 January 2014 - 09:21 PM
S&P is banging 1770
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 29 January 2014 - 09:17 PM
Haha, this is the FED sticking a big fat middle finger to the EMs !
The Rand is finished, we are going to be Zimbabwe soon.
Keep an eye on S&P 1770, if that breaks it's game over.
For now all rallies are sellable.
With NFP around the corner, we are not going to highs anytime soon. Maybe in 6 months time
This bird will we down 15% in the next 3 months.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 29 January 2014 - 09:12 PM
Haha, this is the FED sticking a big fat middle finger to the EMs ! 
Sage
Posted 29 January 2014 - 09:10 PM
S&P testing 1775 and held. Market is confused it seems. Up down up down....
Little Master
Posted 29 January 2014 - 09:09 PM
DOW and S&P spiking up...
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Sage
Posted 29 January 2014 - 09:05 PM
DOW and S&P spiking up...
Markets confused, this spike up wont last for 3 days.
Sell all rallies. jumped out of my longs.
It's now time to sell this market on any rally. Seems the FED want the market to correct by 15%
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 29 January 2014 - 08:58 PM
DOW and S&P spiking up...
Sage
Posted 29 January 2014 - 08:53 PM
Nearly every economist expects taper today
More like when they missed Sept 18th
25 out of 25 got the South African Interest rate hike wrong today.
Economist are just worthless sh*t. If they knew, then they would be traders.
Even Goldman Sachs and Deucthe Bank lost a lot of money in their fixed income trading
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 29 January 2014 - 08:47 PM
If that happens again we could be ralling 3-5%, but shorts will still be around.
Then for sure the next drop will be more in % terms, probably end of March
jip, indeed!.. I was actually referring to that initial 200 odd pts spike down and then the jolt back up. That was crazy!
Sage
Posted 29 January 2014 - 08:46 PM
TURKEY'S ERDOGAN SAYS ALTERNATIVE FX PLANS MAY BE ANNOUNCED IN FEW WEEKS
EM Markets are in sh*t
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 29 January 2014 - 08:46 PM
TURKEY'S ERDOGAN SAYS ALTERNATIVE FX PLANS MAY BE ANNOUNCED IN FEW WEEKS
EM Markets are in sh*t
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
