Posted by dodgerdog on 25th of Feb 2009 at 08:28 am
Yes he said that but certainly didn't rule out the market
falling further in the near term. He had been short since SPX
1500 and doesn't want to wait to cover since the number of bulls is
down to 3%. More importantly, he suggested NOW is the time to
begin preparing for the REAL issue ahead and that is capital
preservation which will NOT be found by keeping money in
banks. I plan to discuss this issue in more detail over the
weekend. Please stay tuned.
Posted by drorlando on 25th of Feb 2009 at 09:28 am
Hmm, after redaing Steve, and the Speech last night was really
good...I will civer my SRS entry I bought before the close at 72,
take the $3 share and sit in cash. FWIW to everyone in
shorts.
coming soon cashless society. Where all transactions are
taxed, hookers, drug dealers, would all have to be accounted for.
Would get rid of alot of fraud. Qcom has wireless
banking now on their cell phones and its really caught on in Japan.
They call them there wireless wallets. Would save the
govt alot of money in distribution and cost of coinage too. I
think its a very good idea.
Right. Sorry Delane I disagree, because this is another removal
of our freedom. And BTW it gives THEM the ultimate hammer - if
everything you own is only a cyber entry in some bank's computer,
then it is easy to erase you if you cause them any trouble.
Trouble, as in disagreeing with their policies. Anyone for John
Galt action (Atlas Shrugged)? We may see it - keep us apprised,
everyone, if you start hearing publicly-made statements on radio
and TV about boycotting paying taxes or mortgages.
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Yes he said that but
FWIW
Posted by dodgerdog on 25th of Feb 2009 at 08:28 am
Yes he said that but certainly didn't rule out the market falling further in the near term. He had been short since SPX 1500 and doesn't want to wait to cover since the number of bulls is down to 3%. More importantly, he suggested NOW is the time to begin preparing for the REAL issue ahead and that is capital preservation which will NOT be found by keeping money in banks. I plan to discuss this issue in more detail over the weekend. Please stay tuned.
Thanks Steve - look forward
Posted by srleblanc on 25th of Feb 2009 at 09:03 am
Thanks Steve - look forward to that discussion!
SRS
Posted by drorlando on 25th of Feb 2009 at 09:28 am
Hmm, after redaing Steve, and the Speech last night was really good...I will civer my SRS entry I bought before the close at 72, take the $3 share and sit in cash. FWIW to everyone in shorts.
Shorts
Posted by drorlando on 25th of Feb 2009 at 09:35 am
SPX 15 minute looks strong to me, sold SRS at 72 for gain $3 overnight. I am in cash, got to go to surgery. Good luck everyone.
Doc - SRS was a
Posted by dodgerdog on 25th of Feb 2009 at 10:18 am
Doc - SRS was a nice setup last night near the close with the indexes overbought - nice trade
what I heard is
Posted by delane on 25th of Feb 2009 at 09:08 am
coming soon cashless society. Where all transactions are taxed, hookers, drug dealers, would all have to be accounted for. Would get rid of alot of fraud. Qcom has wireless banking now on their cell phones and its really caught on in Japan. They call them there wireless wallets. Would save the govt alot of money in distribution and cost of coinage too. I think its a very good idea.
What I heard is
Posted by john9o9 on 25th of Feb 2009 at 09:14 am
Yeah and most importantly what a way for them to keep track of everything you do with your money!!!!!! What did A Huxley write about?
Right. Sorry Delane I disagree,
Posted by PA on 25th of Feb 2009 at 09:32 am
Right. Sorry Delane I disagree, because this is another removal of our freedom. And BTW it gives THEM the ultimate hammer - if everything you own is only a cyber entry in some bank's computer, then it is easy to erase you if you cause them any trouble. Trouble, as in disagreeing with their policies. Anyone for John Galt action (Atlas Shrugged)? We may see it - keep us apprised, everyone, if you start hearing publicly-made statements on radio and TV about boycotting paying taxes or mortgages.