tag:blogger.com,1999:blog-11336670.post5228521473709967520..comments2024-03-13T03:24:01.167-04:00Comments on Marginalizing Morons: Starfall Expansion?CaptiousNuthttp://www.blogger.com/profile/14440029537418230507noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11336670.post-36302263040901651322010-12-23T08:17:58.155-05:002010-12-23T08:17:58.155-05:00Jreality,
Market certainly looks bulletproof at t...Jreality,<br /><br />Market certainly looks bulletproof at the moment, no? It looks as strong now as it look *doomed* in March of 2009.<br /><br />What pisses me off is that I should have known it could happen. It rallied something insane like 75% for 18 months during the first Depression (although that was after a bigger drop).<br /><br />I'm out of that game for a while. Took a beating. Plus I could easily go insane trying to look at stocks through rational eyes. Trading was fun and educational for me for 15+ years BUT it didn't stimulate my brain, at all. Very, very few people trade for 20 years. Guys can *skim* that long but not trade.<br /><br />Anon,<br /><br />Good summary. Though I wouldn't give Ben credit. He's nothing but a tool for old plutocrats.<br /><br />But the idea that the market going up is a success, well, that depends on whom is considered. Young people, working people today are making contributions at 20% higher prices than they might be otherwise without the pumping. The current value is only really important for old, already-rich people. Everything that's going on is a giant transfer of wealth from young to old.CaptiousNuthttps://www.blogger.com/profile/14440029537418230507noreply@blogger.comtag:blogger.com,1999:blog-11336670.post-14156255500806333292010-12-23T03:37:25.575-05:002010-12-23T03:37:25.575-05:00Ben literally ass-whooped all the bears from 2008-...Ben literally ass-whooped all the bears from 2008-2009 crisis, who thought this is going to be a secular bear or atleast 5 years if not 10 - this includes me.<br /><br />most of us thought we would atleast test the low for once....nah...the wall.st pump machine and Ben/Treasury literally pulled out all stops. <br /><br />No mark-2-market rules<br />No FASB rules...banks can literally carry "unkown" debts for as long as they wish---backed by fed by buying toxic stuff etc<br />No prosecutions<br />No body is allowed to fail (after lehman, that is)<br />Not even the stock market is allowed to drop more than few percent straight, else you would see POMO or other shenanigans.<br /><br />I would not believe Ben would be this successful. He literally turned the sentiment/confidence around. Even Hussman agrees QE/QE2 is a tremedous success to get its job done....restoring market/economy confidence.<br /><br />Now, its literally like its party-like-2004. I started receiving multiple credit-card offers 0% intro till 2012, on a daily basis - without fail. <br /><br />They are starting the credit/debt machine into full gear. <br /><br />This momentum should atleast carry for couple more quarters, before the ugly undercover problems can show their head. (we may see temporary sell off, but i bet we will see higher highs....before the market tests atleast the 2010 lows somewhere in late Q2/Q3)<br /><br />make no mistake, nothing is fixed. Infact the underlying got worse than 2007-2008. If there is any kind of wall.st/financial, even if minor, crisis in 2011 i think it will be far worse. No more appetite for bailouts...Ben could even loose his job if he tries QE3/QE4.<br /><br />If no crisis, and we see a relative stable 2011 or no issues, Ben could be credited as the genious...and probably we get QE3/QE4 with full support :(<br /><br />i would watch China's economy/market carefully in 2011, the negative side-effects of Ben's policies over the last 2 years exported inflation to china. China's stock market has been leading indicator for past few quarters.<br /><br />but boy did Ben succeed. I guess we will see in 2011.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11336670.post-68163260596131684322010-12-22T23:03:51.232-05:002010-12-22T23:03:51.232-05:00Any chance the stock market will finally top out n...Any chance the stock market will finally top out next year for more than just a temporary correction?<br /><br />Another wasted year for me from being too bearish and thinking that last summer's scare was the start of a real bear market. Should I give up on the idea of shorting, and become a bulltard after the next correction?JRealityhttps://www.blogger.com/profile/11457037908790198417noreply@blogger.com