drummer
Footballguy
Wrong againI'll be here all year!Thanks LHUCKS, ever since your post the market has gone straight up!
Wrong againI'll be here all year!Thanks LHUCKS, ever since your post the market has gone straight up!
Pretty close to 100%, but not actually 100%.'Parrothead said:I heard that there is a 100% chance that half of the NFL teams lose their first game.. its a lock..
Pretty close to 100%, but not actually 100%.'Parrothead said:I heard that there is a 100% chance that half of the NFL teams lose their first game.. its a lock..
Oh, please.Our currency is designed to collapse eventually. It is a naked shorting assetless ponzi scheme.
Oh ok. In that case, I'll laugh harder.I have the fortune of working with Fortune 100 strategists.This isn't a shooting from the hip kind of post.Thanks, Roubini.
13277.65 right now.The Dow is at 12,997 right now.
I read this twice and I couldnt figure out why they were taking a Rabbi out of their bag of tricks.Our currency is designed to collapse eventually. It is a naked shorting assetless ponzi scheme. But to predict when it will collapse takes crystal balls. There's a lot of risk that it could happen over the next few months, but it's also possible that central banks around the world will pull another rabbit out of their bag of tricks. When their bag of tricks becomes empty, then the collapse comes. That could be many years from now, but it will happen eventually.
13277.65 right now.The Dow is at 12,997 right now.
Actually, had you done the opposite of his advice, it'd have been worth something right now.Market predictions without a timeframe are completely worthless.
I suggest your peeps study the charts a little better. And why not say "It might" be a good time to get out of the market? If that is your opinion. You set yourself up for this crap everytime.13277.65 right now.The Dow is at 12,997 right now.
13,265.00 Here it comes!!!13277.65 right now.The Dow is at 12,997 right now.
Actually, had you done the opposite of his advice, it'd have been worth something right now.Market predictions without a timeframe are completely worthless.
Just invested $50K into an index fund.
LHUCKS doing his part to help the recovery.Sounds like another rally is about to take hold, folks.
100% right on this. STL guys, nobody else predicted this but me, right?I think it is entirely possible it will rain tomorrow but it might not.
buy high!Just invested $50K into an index fund.
Bold prediction: The stock market will drop by some amount at some point in the future. Genius!There will definitely be a QE3 and the timing of that will obviously effect the severity of the dip but make no mistake, a dip is coming. The only question is how big.Only problem is the Bernake may run the press with QE3 to sned the market higher into year end.
Timing is everything.
While past performance does not guarantee future results, in this case it strongly suggests otherwise.I'll be here all year!Thanks LHUCKS, ever since your post the market has gone straight up!
U.S. stocks applaud ECB’s bond-buying plan S&P 500 index surges to four-year high
NEW YORK (MarketWatch) — U.S. stocks rallied Thursday, with the Dow Jones Industrial Average on pace for its highest close since late 2007, as Europe detailed a bond-buying plan and economic data raised expectations a day ahead of the monthly payrolls report.
In Frankfurt, European Central Bank President Mario Draghi said policy makers agreed to unlimited bond purchases as the central bank looked to gain the upper hand on borrowing costs in debt-stricken euro nations.
“What today’s program brings is mitigation of some of the flash points, namely Italy and Spain. This will buy these countries time and not have their hair on fire with rates shooting up and not being able to self-fund themselves in the public market,” said Jim Russell, chief equity strategist for US Bank Wealth Management.
“They are addressing that risk, and the markets are giving a standing ovation,” he added.
The Dow Jones Industrial Average DJIA +1.68% surged 232.83 points, or 1.8%, to 13,280.47, with all 30 of its components rising and Bank of America Corp. BAC +4.28% leading the gains after the bank agreed to sell Strategic Partners Inc. to private-equity investors.
The S&P 500 index SPX +1.88% rose 26.64 points, or 1.9%, to 1,430.08, with materials pacing the gains that extended to all 10 of its sectors.
The Nasdaq Composite COMP +2.06% climbed 64.29 points, or 2%, to 3,131.84.
For every stock sliding more than four gained on the New York Stock Exchange, where 302 million shares traded as of 12:30 p.m. Composite volume neared 2 billion.
Crude prices neared $97 a barrel, with oil futures CLV2 +0.19% lately up $1.37 at $96.73 a barrel on the New York Mercantile Exchange.
U.S. jobless claims fell last week as more Americans found employment than estimated, two reports said Thursday, one day before the August payrolls report. Read more on jobless claims.
“Hitting that 200,000 certainly catches the street’s attention,” said Andrew Fitzpatrick, director of investments at Hinsdale Associates Inc., of ADP Employer Services’s finding U.S. companies added 201,000 to payrolls last month, the largest jump in five months. Read ADP story.
Separately, the government said its count of Americans filing for jobless benefits declined by 12,000 to 365,000 last week. See details of claims report.
And, a gauge of activity in the services industry also came in better than anticipated, rising to 53.7% in August.
Market Watch
So you have no idea when to get back in?There will definitely be a QE3 and the timing of that will obviously effect the severity of the dip but make no mistake, a dip is coming. The only question is how big.
down to 13,009.78Over the next four months several factors (including but not limited to Europe and the political mudslinging) are going to result in significant stock market losses IMHO. It may not happen, but I think the likelihood is much stronger than an increase.The Dow is at 12,997 right now.
DOW 13,292.00Sounds like another rally is about to take hold, folks.
U.S. stocks surged Thursday, with all three major indexes closing at the highest levels in years, as optimistic investors went on a buying spree.
A combination of stronger-than-expected data on the job market and the European Central Bank's bond-buying program provided the momentum. The Dow Jones industrial average closed more than 240 points higher.
The rally comes a day ahead of Friday's monthly jobs report and hours before President Barack Obama makes his case for re-election in a convention speech accepting the Democratic presidential nomination.
Follow complete coverage of the convention, including key speeches carried live, on CNN TV, CNN.com and CNN's mobile apps.
I'm not in a rush...let's put it that way.So you have no idea when to get back in?There will definitely be a QE3 and the timing of that will obviously effect the severity of the dip but make no mistake, a dip is coming. The only question is how big.
Maybe they needed some prayer for the billions in naked shorts they've just committed to?I read this twice and I couldnt figure out why they were taking a Rabbi out of their bag of tricks.Our currency is designed to collapse eventually. It is a naked shorting assetless ponzi scheme. But to predict when it will collapse takes crystal balls. There's a lot of risk that it could happen over the next few months, but it's also possible that central banks around the world will pull another rabbit out of their bag of tricks. When their bag of tricks becomes empty, then the collapse comes. That could be many years from now, but it will happen eventually.
My linkJust received some breaking News from CNN...
U.S. stocks surged Thursday, with all three major indexes closing at the highest levels in years, as optimistic investors went on a buying spree.
A combination of stronger-than-expected data on the job market and the European Central Bank's bond-buying program provided the momentum. The Dow Jones industrial average closed more than 240 points higher.
The rally comes a day ahead of Friday's monthly jobs report and hours before President Barack Obama makes his case for re-election in a convention speech accepting the Democratic presidential nomination.
Follow complete coverage of the convention, including key speeches carried live, on CNN TV, CNN.com and CNN's mobile apps.
NOBODY but ME. Bow down at my feet you bunch of stinky wet #####es!!!100% right on this. STL guys, nobody else predicted this but me, right?I think it is entirely possible it will rain tomorrow but it might not.
When you have a stock brokerage firm hold your 20,000 shares of stock, and they loan it to someone else so they can exchange it for money, that is called shorting a stock. But when you have a bank hold your $20,000, and they loan it to someone else so they can exchange it for a car, that is called a lending.Oh, please.Our currency is designed to collapse eventually. It is a naked shorting assetless ponzi scheme.
It's a beautiful thing isn't it?You guys are overreacting a bit, don't you think? He said "over the next four months." It's day 2.Can't wait until you guys are clubbing each other with bats over the last few cans of soup at the supermarket, come January. :wave:
GPJ Plan For the Apocalypse:1) Pull all out of index funds, 401Ks, college fund for child, savings accounts, etc.2) Put it all on Lions -7.3) 4) Use to buy guns, non-perishable foods, gold, oxen, wheat pennies. Possibly a harem too.It's a beautiful thing isn't it?You guys are overreacting a bit, don't you think? He said "over the next four months." It's day 2.Can't wait until you guys are clubbing each other with bats over the last few cans of soup at the supermarket, come January. :wave:
really, a 4 year high eh. please lhucks tell me you are doubling down.U.S. stocks applaud ECB’s bond-buying plan S&P 500 index surges to four-year high
NEW YORK (MarketWatch) — U.S. stocks rallied Thursday, with the Dow Jones Industrial Average on pace for its highest close since late 2007, as Europe detailed a bond-buying plan and economic data raised expectations a day ahead of the monthly payrolls report.
In Frankfurt, European Central Bank President Mario Draghi said policy makers agreed to unlimited bond purchases as the central bank looked to gain the upper hand on borrowing costs in debt-stricken euro nations.
“What today’s program brings is mitigation of some of the flash points, namely Italy and Spain. This will buy these countries time and not have their hair on fire with rates shooting up and not being able to self-fund themselves in the public market,” said Jim Russell, chief equity strategist for US Bank Wealth Management.
“They are addressing that risk, and the markets are giving a standing ovation,” he added.
The Dow Jones Industrial Average DJIA +1.68% surged 232.83 points, or 1.8%, to 13,280.47, with all 30 of its components rising and Bank of America Corp. BAC +4.28% leading the gains after the bank agreed to sell Strategic Partners Inc. to private-equity investors.
The S&P 500 index SPX +1.88% rose 26.64 points, or 1.9%, to 1,430.08, with materials pacing the gains that extended to all 10 of its sectors.
The Nasdaq Composite COMP +2.06% climbed 64.29 points, or 2%, to 3,131.84.
For every stock sliding more than four gained on the New York Stock Exchange, where 302 million shares traded as of 12:30 p.m. Composite volume neared 2 billion.
Crude prices neared $97 a barrel, with oil futures CLV2 +0.19% lately up $1.37 at $96.73 a barrel on the New York Mercantile Exchange.
U.S. jobless claims fell last week as more Americans found employment than estimated, two reports said Thursday, one day before the August payrolls report. Read more on jobless claims.
“Hitting that 200,000 certainly catches the street’s attention,” said Andrew Fitzpatrick, director of investments at Hinsdale Associates Inc., of ADP Employer Services’s finding U.S. companies added 201,000 to payrolls last month, the largest jump in five months. Read ADP story.
Separately, the government said its count of Americans filing for jobless benefits declined by 12,000 to 365,000 last week. See details of claims report.
And, a gauge of activity in the services industry also came in better than anticipated, rising to 53.7% in August.
doubling down.
Market Watch
Whats the risk exposure on these instruments if the market turns against you?I would implore anyone thinking of taking a position in 3x funds to re-think that. You can do a little research right here and go back in the stock threads and you'll find that there probably isn't a single worse single pick (long or short) than the 3x ETFs. If you do want to go with an aggressive position- you should instead investigate Emini future contracts - of which trade with the SP500, Nasdaq, and Dow. Emini futures are not difficult to trade and unlike the 3x ETFs trade close to 24 hours a day 5.5 days a week (they open Sunday evening and trade through Friday). 3x ETFs is a major Risk V Reward bet. It is a risky play. So is playing Emini futures. But if you are going to accept the risk you might as well get the most reward.Let's compare 2 recent trades. One using the SPXU (3x Short Sp500) and we'll compare that against the ES (the SP500 Emini futures contract)...based off the timing of my own "Perfect Bull Market/Bear Market Indicator" which showed the market turning bearish on April 27, 2012 and bearish till June 29, 2012. We'll invest approximately the same amount into each posiion and compare the results. So the question we want answered is: What performs better in the same market environment with the same amount invested... The SPXU or the ES?Long SPXU @ the close of 4/27 @ $45.10 and Closed on 6/29 @ $47.21. For a profit of $2.11. A 100 share lot invested would cost $4510.00. Total profit on the trade would be $211.00 and you'd have a ROI of 4.6%. Short ES taken @ the close of 4/27 @ 1398 and Closed on 6/29 @ 1356. For a profit of 42pts. 1 ES contract will cost you about $4000. Every point gained will net you $50. So a gain of 42pts x $50 gives us a profit of $2100 and you'd have a ROI of 52.5% THAT'S MORE THAN 10X THE AMOUNT GAINED FROM THE SPXU 3X ETF FOR THE SAME AMOUNT INVESTED.The "Ultra" style ETFs are for losers. They are not a sophisticated trade in any sense of the word...carry a substantial amount of risk and offer little in the form of reward.Oh and that Perfect Bull/Bear Indicator...well it is still Bullish from 6/29....it would take a week of hard selling for it to turn bearish again.
Sorry to disappoint, but I'm currently all-in. :AAPL:A perfect Gunz'ing so far.
Wow the perfect prognostication storm. Gunz versus Hucks. A knockdown dragout with the economy in the balance. This time it's personal.Sorry to disappoint, but I'm currently all-in. :AAPL:A perfect Gunz'ing so far.
It's $50 per point per contract for the SP500 emini, $20 per point for the Nasdaq emini, $5 per point for the DOW emini. If the market turns against you the formula looks like this: (Stop loss x $50). Holding these when the market is moving against your position is not very pleasant - and I did a twitter write up back in July on how I manage (and profit) when it does. Make no mistake...emini futures are a risky game...VERY risky. 3x Ultra ETFs are also a risky play...but at least with emini your position doesn't bleed against you even when you are right with your market timing and direction. Used properly eminis can be major portfolio accelerators. Used wrong and you'll go broke. I'm not necessarily recommending anyone move towards using these instruments.Whats the risk exposure on these instruments if the market turns against you?I would implore anyone thinking of taking a position in 3x funds to re-think that. You can do a little research right here and go back in the stock threads and you'll find that there probably isn't a single worse single pick (long or short) than the 3x ETFs. If you do want to go with an aggressive position- you should instead investigate Emini future contracts - of which trade with the SP500, Nasdaq, and Dow. Emini futures are not difficult to trade and unlike the 3x ETFs trade close to 24 hours a day 5.5 days a week (they open Sunday evening and trade through Friday). 3x ETFs is a major Risk V Reward bet. It is a risky play. So is playing Emini futures. But if you are going to accept the risk you might as well get the most reward.Let's compare 2 recent trades. One using the SPXU (3x Short Sp500) and we'll compare that against the ES (the SP500 Emini futures contract)...based off the timing of my own "Perfect Bull Market/Bear Market Indicator" which showed the market turning bearish on April 27, 2012 and bearish till June 29, 2012. We'll invest approximately the same amount into each posiion and compare the results. So the question we want answered is: What performs better in the same market environment with the same amount invested... The SPXU or the ES?Long SPXU @ the close of 4/27 @ $45.10 and Closed on 6/29 @ $47.21. For a profit of $2.11. A 100 share lot invested would cost $4510.00. Total profit on the trade would be $211.00 and you'd have a ROI of 4.6%. Short ES taken @ the close of 4/27 @ 1398 and Closed on 6/29 @ 1356. For a profit of 42pts. 1 ES contract will cost you about $4000. Every point gained will net you $50. So a gain of 42pts x $50 gives us a profit of $2100 and you'd have a ROI of 52.5% THAT'S MORE THAN 10X THE AMOUNT GAINED FROM THE SPXU 3X ETF FOR THE SAME AMOUNT INVESTED.The "Ultra" style ETFs are for losers. They are not a sophisticated trade in any sense of the word...carry a substantial amount of risk and offer little in the form of reward.Oh and that Perfect Bull/Bear Indicator...well it is still Bullish from 6/29....it would take a week of hard selling for it to turn bearish again.