35854 replies to this topic

[gannet]

"Personally, I think we started down the path to destruction as soon as the "gold standard" was dropped. Some form of QE has been going ever since then."

 

The best quote of 2015 (so far) imho.

 

Agreed.

 

Well put Beorn

 

That deserves an extra toot at the 19th hole

[grantmu]

Greece is going to have quite an influence on this thing for the rest of the month, if the meeting tomorrow does not provide at the very least a path to negotiation the markets will drop, and at the end of the month the payment from Greece is due, if they don't have some form of restructure sorted they may not be able to make the payment, and that would really drive the market down.

 

So tomorrow may turn this thing around Big time if the meeting is successful.

 

Going to be fun.

 

G 

[JJBen]

"Personally, I think we started down the path to destruction as soon as the "gold standard" was dropped. Some form of QE has been going ever since then."

 

The best quote of 2015 (so far) imho.

[Beorn]

I know. The problem is a cant see the rational of this, and at some point the markets are going to have to say enough. The prices and the PE ratios are getting ridiculous. So is this a bubble, from my point of view this is not a bubble so the effects of a loss in confidence would be much more dramatic. For now money buys the whiskey, and the confidence is still maintained but at some point the printing press is not going to be trusted any more, and to add to that the last level of sanity seems to have been removed in that the EU is now also going to start printing money.

 

The nervousness in the market is tangible as can be seen by the drops that seem to be unwarranted as soon as the threat of interest rate is brought up, at some point the market will start to loose favour in the public eyes, you cant have the market totally controlled by central bankers, not to the tune of if you don't print money you go bankrupt.

 

The US cant reintroduce interest, the EU don't seem to have the ability to agree on anything so the fast moves needed to correct issues will not be available and the EU is still going to go into recession in my view.

 

But I do agree with going with the flow for now and making money on the stupidity of others (Capitalism at work) But all my investments are on the very short term now, nothing over three months. 

 

These are very interesting times we live in, we may yet witness the largest financial F%^&Kup in the history of the world, Still I would not have it any other way trading is the only option for me. The central bankers efforts to prevent corrections and hold the market buoyant will eventually be seen as the most innovative financial move ever OR what on earth were the thinking you idiots, my money is no the latter.

 

For now the central bankers rule, your run proves that. Good luck on the bet.

 

Grant  

 

You are correct, imo, this experiment will end in tears, long crocodile tears.

But till then, I am with the idiot money printers!

The thing is, as long as they print, we will go up, all the extra money is looking for a home.

Even if the markets are just inflationary hedges (basically).

 

Bernanke stated before he started printing money, that this is a new financial experiment, and no one knows what all the results will be.

So some black swan might be waiting in the shadows somewhere that will rock the whole worlds foundations.

 

Personally, I think we started down the path to destruction as soon as the "gold standard" was dropped. Some form of QE has been going ever since then.

[BlythZ]

Got a proposition for you to double up..so two free golf games of your choice or if I win this one we square!

 

I say we are going to see 44000 first before we see 46600!

 

What say you?

 

A

I see monthly R1 is at 46,220 and Pivot at 44,081. This bull seems to have run out of steam so we might not see 46,600 so i think on this one i am on A's side. 

 

Good luck Beorn

 

P.S I am still long so hope we might go up a bit more to R1 then i think short will be the play

[gannet]

Second one will be a winner!

 

A

 

Sneaky move A ... very sneaky ................ 

[Argento]

Never double up a losing position? good luck!

Second one will be a winner!

 

A

[grantmu]

You cant fight central banksters.

I know. The problem is a cant see the rational of this, and at some point the markets are going to have to say enough. The prices and the PE ratios are getting ridiculous. So is this a bubble, from my point of view this is not a bubble so the effects of a loss in confidence would be much more dramatic. For now money buys the whiskey, and the confidence is still maintained but at some point the printing press is not going to be trusted any more, and to add to that the last level of sanity seems to have been removed in that the EU is now also going to start printing money.

 

The nervousness in the market is tangible as can be seen by the drops that seem to be unwarranted as soon as the threat of interest rate is brought up, at some point the market will start to loose favour in the public eyes, you cant have the market totally controlled by central bankers, not to the tune of if you don't print money you go bankrupt.

 

The US cant reintroduce interest, the EU don't seem to have the ability to agree on anything so the fast moves needed to correct issues will not be available and the EU is still going to go into recession in my view.

 

But I do agree with going with the flow for now and making money on the stupidity of others (Capitalism at work) But all my investments are on the very short term now, nothing over three months. 

 

These are very interesting times we live in, we may yet witness the largest financial F%^&Kup in the history of the world, Still I would not have it any other way trading is the only option for me. The central bankers efforts to prevent corrections and hold the market buoyant will eventually be seen as the most innovative financial move ever OR what on earth were the thinking you idiots, my money is no the latter.

 

For now the central bankers rule, your run proves that. Good luck on the bet.

 

Grant  

[@sirgrantfleming]

Got a proposition for you to double up..so two free golf games of your choice or if I win this one we square!

 

I say we are going to see 44000 first before we see 46600!

 

What say you?

 

A

Never double up a losing position? good luck!

[Argento]

My Crystal ball says I have a good chance of playing a lot more golf soon.

 

Your on!

Sweet!

 

Sideways this week and next week we should reach my target..following seasonals to the day! 

 

A

[Beorn]

With the market as it is this is going to be an interesting BET, personally I am in the 44 camp, but this could go either way

 

You cant fight central banksters.

[grantmu]

My Crystal ball says I have a good chance of playing a lot more golf soon.

 

Your on!

With the market as it is this is going to be an interesting BET, personally I am in the 44 camp, but this could go either way

[Beorn]

Got a proposition for you to double up..so two free golf games of your choice or if I win this one we square!

 

I say we are going to see 44000 first before we see 46600!

 

What say you?

 

A

 

My Crystal ball says I have a good chance of playing a lot more golf soon.

 

Your on!

[Beorn]

Got a proposition for you to double up..so two free golf games of your choice or if I win this one we square!

 

I say we are going to see 44000 first before we see 46600!

 

What say you?

 

A

 

Mmmmmm...........

 

I'm not so sure I want to take those odds........

 

Give me a while alone with my crystal ball

[Argento]

I think we will see 46600 this week still,
and I hope not to long before new highs, I dont want to play golf in the winter

Got a proposition for you to double up..so two free golf games of your choice or if I win this one we square!

 

I say we are going to see 44000 first before we see 46600!

 

What say you?

 

A

[@sirgrantfleming]

Not a clue

 

The only thing more confusing that EW is a woman.

Hahahaha!

[Beorn]

I think we will see 46600 this week still,

and I hope not to long before new highs, I dont want to play golf in the winter

Seems like the gap fill is on.. 46600 is the target.

I stand in awe, J/B! You have the knack for riding this Beast!

K

Thanks, but anyone could have done it.
Very easy, you cant fight central banks. Added, US also started printing again, the Fed's balance sheet expanded like you can not believe in Jan.
So I presume they started printing again.

[K~~]

I think we will see 46600 this week still,
and I hope not to long before new highs, I dont want to play golf in the winter

Seems like the gap fill is on.. 46600 is the target.

 

I stand in awe, J/B! You have the knack for riding this Beast!

 

K

[Beorn]

not very far from 46600.

[gannet]

Elliott confusion...

 

T40 Futures(Daily)confusion.png

 

Not a clue

 

The only thing more confusing that EW is a woman.