Lol ...Daily Reckoning is such a "balanced" newsletter to refer to lol......says it all really.........:fu::321::headshake:shake:
I thoughts bonds were at current levels due to the spectre of coming deflation??!!!!!!
Might take a while before any correction. Market just wants to keep moving up, even the down days of the Dow quickly turn around. Lay back and enjoy the sunshine
we're just sitting in a little holding pattern at the moment me thinks...
two months ago better than expected retail sales and NY manufacturing data, PLUS positive commentary from Bernake and Buffett would have put a rocket under the Dow.... but 0.59% isnt doing anything for me
i think once the market realises that the times for the laggards switch is over and they see that the stimulus has run out/is put on hold and reality sets in i.e. the rally was due to the thirst for risk on FY10 figures (even though MONTHLY figures werent good enough for the market in the years gone by) and that the FY09 figures leave a lot to be desired... PLUS nothing has been fixed - infact its WORSE because banks and big business are falling back on the "the govt will just bail us out if the s*%t hits the fan".... add to that the fact that chinas domestic consumption is NO WHERE NEAR where it need to be to pull everyone else out.... plus about 13 other things.... and you can hear the distant grumble of bears
we're just sitting in a little holding pattern at the moment me thinks...
two months ago better than expected retail sales and NY manufacturing data, PLUS positive commentary from Bernake and Buffett would have put a rocket under the Dow.... but 0.59% isnt doing anything for me
i think once the market realises that the times for the laggards switch is over and they see that the stimulus has run out/is put on hold and reality sets in i.e. the rally was due to the thirst for risk on FY10 figures (even though MONTHLY figures werent good enough for the market in the years gone by) and that the FY09 figures leave a lot to be desired... PLUS nothing has been fixed - infact its WORSE because banks and big business are falling back on the "the govt will just bail us out if the s*%t hits the fan".... add to that the fact that chinas domestic consumption is NO WHERE NEAR where it need to be to pull everyone else out.... plus about 13 other things.... and you can hear the distant grumble of bears
Of course 2 months ago better retail sales would see a bigger rally but look where the market was then compared to now.
The market has been factoring in these expectations and if they are met then the market won't rally hard although if they were exceeded they might and conversely if they miss we will sell off.
How is the stimulus going to run out when the US and China stimulus is over 2 years?
My take on things is that there is also a possibility of further stimulus.
For all the negative figures that can be assumed there are probably more positive figures or at least less bad/improving that either have been released or can be expected.
The grumbling of the bears has been anything but distant and has been a roar for months.
They are going to be right eventually but when?
lol all this wishful thinking for the bears to come out is becoming a joke ....you guys have been saying this now for 4 months.
I suggest you close out all the short positions alot of you have obviously blown yourself on and do something that really isn't rocket science.........................follow the market.
yes yes yes one day the market will fall and retrace and you can all claim what big gun traders you were for predicting falls in the market 4 to 6 months out but missed out on 45% plus gains when the market went up.:321:
You will all be big heroes............heroes in your own mind
You will all be big heroes............heroes in your own mind
jiggy
lol all this wishful thinking for the bears to come out is becoming a joke ....you guys have been saying this now for 4 months.
I suggest you close out all the short positions alot of you have obviously blown yourself on and do something that really isn't rocket science.........................follow the market
yes yes yes one day the market will fall and retrace and you can all claim what big gun traders you were for predicting falls in the market 4 to 6 months out but missed out on 45% plus gains when the market went up
You will all be big heroes............heroes in your own mind
"Reason Magazine is one of the few magazines I read with any regularity. In the current edition, they had a couple of items that I thought were especially interesting. Ironic, actually.
The first was about a comic book the Fed has published discussing inflation, as well as defending its autonomy. You can view it by following the link below. What you should find interesting is that they make several clear mistakes in describing inflation – for instance, by saying that if the price of oil goes up, that causes inflation. And on the very first page, they state that “The dictionary defines inflation as a substantial and continuing rise in the general price level.”
But that is not what the dictionary says – every entry I checked always includes “… related to an increase in the volume of money,” or words to that effect. Kind of scary, when the organization charged with fighting inflation doesn’t actually know what it is.
You can read the comic yourself here, straight off the New York Fed’s website. http://ia301540.us.archive.org/2/items/gov.frb.ny.comic.inflation/gov.frb.ny.comic.inflation.pdf
Thought the following rather cute from Cuck Butlers daily blog today:-
they know what it is - they create it but they dont want to be seen to be creating it.
there's two ways the govt can take money off you 1) tax 2) inflation... everyone knows about tax... but inflation is the "hidden tax"
the reason gold was taken off the standard i.e. money not backed by gold anymore was to "allow expansion of world trade"... backing a currency with gold helps to maintain the value of the paper currency. if you know that your $1 note is redeemable for a set quantity of gold then it will maintain value. It means the banks cant - or shouldnt - create more paper money than the reserves they have in gold to back it up.
The 'inflexibility' of gold makes it harder to for governments to spend and makes it harder for banks to lend. gold forces a govt and its central bank to be disciplined - they cant circulate more money without having an increase in their gold reserves.
if they did then the paper money would not be fully backed by gold and that would cause the value of money to decrease.
every currency you can name is worth significantly less today than it was thirty years ago... thats not (for the most part) because prices have risen, its because currencies have been devalued... central banks and governments have printed MASSIVE amounts of money.
if money still had the backing of gold then global economies would not have one-hundredth of the current problems we have
the fact that the UN and other government organisations are proposing to replace one currency backed by nothing with another currency backed by nothing tells me that they are intentionally pursuing guaranteed economic destruction.
and the devaluation of your money and wealth.
why does the UN want to create a universally backed reserve currency???? because if you can control that, you'll control the world.
Rothschild quote: Give me control of a nation's money and I care not who makes the laws.
And, just how the hell would a gold backed currency work? Please explain it to me.
Because, as far as I can gather - it would, and cannot work with our current levels of population, and population growth. As more people are born, more people need actual money, to hold and to purchase goods and services, yes? So, as populations continue to double, and triple in size - more paper money is needed.
How does the world keep up with gold production as to ensure that the gold backing is not diluted? Gold is freaking finite!! My god, gold would be worth $100,000 per ounce, who in the right mind would accept that a yellow rock, the size of my finger nail would equal to the price of half a house?
So, the dilemma over time? Either print more money, and dilute the backing, to a point where a $100 bill represents 1/100th of a nanometer of gold, or never print more money again, and have money exponentially increase in value over time, leaving zero reason for anyone who has it to actually work, or place their money into productive endeavors!
Yeah, money backed by gold would be fan-freaking-tastic for future generations.
So sick of these nonsensical conspiracy theories, and hatred of fiat money. If you're so clever, come up with a feasible alternative, that doesn't involve your yellow rock buried in the hard making you a millionaire overnight.
Rant over.
Hey dude, you seem to think the market is a one way street, it's not.
Analogy >> The market is like an elastic band, the further you stretch it the harder it'll snap back into place, and when it does we can all get jiggy with it.
And, just how the hell would a gold backed currency work? Please explain it to me.
Because, as far as I can gather - it would, and cannot work with our current levels of population, and population growth. As more people are born, more people need actual money, to hold and to purchase goods and services, yes? So, as populations continue to double, and triple in size - more paper money is needed.
so we might as well go along for the ride and keep guessing as to when it & how it will ultimately end.
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