I won't trade Friday with goverment changing the rules as they
go. There pulling out all the stops to save this market
however without a CLEAN washout there only kicking the can down the
road.
I cannot wait until GOLD pulls back again because in time this
goverment action could continue next gold move up.
Posted by pepperwu on 18th of Sep 2008 at 08:24 pm
Don't underestimate the worldwide determination of governments
to stop the destruction of the banks here and now. They've
all woken up to how much of a $*£$$*( nigtmare it will be to
liquidate Lehman and literally go to war to stop further implosions
brought about by agressive shorting (check out what FDR did in the
1930s using wartime powers). The shorting party is over - get
used to it and accept if you didn't arrive in time that you are too
late.
When the market rolls back over from this relief rally on these
desperate measures, question may be, "sell to who"? There
won't be many shorts to cover and help make a bottom.
To me this increases liklihood of eventual market meltdown.
Posted by pepperwu on 18th of Sep 2008 at 09:13 pm
there is plenty of money ready to invest, its just not us
money. look broader than jus the USA where the share
purchaser has no cash to spare. At the end of the day, the
only lasting outcome of this financial crisis will be that the
centre of the financial world sits in HK or Singapore and not Wall
Street
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Goverment Unbelieveable
Posted by cspirit on 18th of Sep 2008 at 08:08 pm
I won't trade Friday with goverment changing the rules as they go. There pulling out all the stops to save this market however without a CLEAN washout there only kicking the can down the road.
I cannot wait until GOLD pulls back again because in time this goverment action could continue next gold move up.
Don't underestimate the worldwide determination
Posted by pepperwu on 18th of Sep 2008 at 08:24 pm
Don't underestimate the worldwide determination of governments to stop the destruction of the banks here and now. They've all woken up to how much of a $*£$$*( nigtmare it will be to liquidate Lehman and literally go to war to stop further implosions brought about by agressive shorting (check out what FDR did in the 1930s using wartime powers). The shorting party is over - get used to it and accept if you didn't arrive in time that you are too late.
When the market rolls back
Posted by trade on 18th of Sep 2008 at 08:55 pm
When the market rolls back over from this relief rally on these desperate measures, question may be, "sell to who"? There won't be many shorts to cover and help make a bottom. To me this increases liklihood of eventual market meltdown.
there is plenty of money
Posted by pepperwu on 18th of Sep 2008 at 09:13 pm
there is plenty of money ready to invest, its just not us money. look broader than jus the USA where the share purchaser has no cash to spare. At the end of the day, the only lasting outcome of this financial crisis will be that the centre of the financial world sits in HK or Singapore and not Wall Street