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QE2 ended yesterday - I thought today was the day when everything crashed?
Why are equities surging ahead without the big B to prop them up? Or is he now doing it on the sly? These conspiracy stories are getting rather ridiculous now.
Is that the sound of perma bears going bankrupt yet again? It is only a few weeks ago that they were telling everyone to run for the hills. Things are looking up again, and they are nowhere to be seen. Probably down cash converters pawning off their jewelry to fund another failed short of theirs.
FTSE 7000, Dow 14000, Gold $1250, AAPL $450 from here.
Why are equities surging ahead without the big B to prop them up? Or is he now doing it on the sly? These conspiracy stories are getting rather ridiculous now.
Is that the sound of perma bears going bankrupt yet again? It is only a few weeks ago that they were telling everyone to run for the hills. Things are looking up again, and they are nowhere to be seen. Probably down cash converters pawning off their jewelry to fund another failed short of theirs.
FTSE 7000, Dow 14000, Gold $1250, AAPL $450 from here.
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lol i was very careful with mine, the way they've surged these last few days doesn't make a lot of sense, but we'll see. I am invested in stocks but i was shorting to protect and try and make a bit a bit extra, so how long does this misplaced optimism last?
It sounds like someone missed the rally.
Whippet Joined: 01 Oct 07
Replies: 4990 08 Jun 11 20:18
It's an interesting one. I tend to think the end of QE2 has already been priced in so there shouldn't be a massive sell off from here. On the other hand, I don't think there's much reason for a rally. So I reckon it will be pretty flat, till winter when benanke starts hinting at QE3.
Whippet Joined: 01 Oct 07
Replies: 4990 08 Jun 11 20:18
It's an interesting one. I tend to think the end of QE2 has already been priced in so there shouldn't be a massive sell off from here. On the other hand, I don't think there's much reason for a rally. So I reckon it will be pretty flat, till winter when benanke starts hinting at QE3.
What do you mean "missed the rally"? I still hold all my stocks. Or do you mean I missed p1ssing about with a £1/point ETF trade like you do?
Come on melly. Why is everything rallying? All you have been telling us for the last year is that these markets were ****. How come the day after QE2 ends everything is rallying? Another bernanke conspiracy story perhaps?
How come you closed your only winning short if you were that sure the bottom would fall out after QE2? I think the safe assumption here is that you are a bullsh1tter. You ended up closing your MASSIVE AAPL short early, and at a loss, instead of waiting for the bottom to fall out. Unless you are doing the opposite of whatever you say on here?
I love to see perma bears like you squirming. Better get down to cash converters while the price of gold is still high, if you are lucky they will give you quite a bit of cash for your wifes jewelry, which you can use to cover some of your MASSIVE failed AAPL shorts which are deep, deep in the red now.
Looking forward to a further short squeeze next week, as the perma bears go bankrupt yet again.
Come on melly. Why is everything rallying? All you have been telling us for the last year is that these markets were ****. How come the day after QE2 ends everything is rallying? Another bernanke conspiracy story perhaps?
How come you closed your only winning short if you were that sure the bottom would fall out after QE2? I think the safe assumption here is that you are a bullsh1tter. You ended up closing your MASSIVE AAPL short early, and at a loss, instead of waiting for the bottom to fall out. Unless you are doing the opposite of whatever you say on here?
I love to see perma bears like you squirming. Better get down to cash converters while the price of gold is still high, if you are lucky they will give you quite a bit of cash for your wifes jewelry, which you can use to cover some of your MASSIVE failed AAPL shorts which are deep, deep in the red now.
Looking forward to a further short squeeze next week, as the perma bears go bankrupt yet again.
Settle down lad, don't throw a temper tantrum again.
You posted that, not I, I just put it up to remind you. But evidently you were holding long and strong, even when you were expecting a selloff albeit not a massive one ("there shouldn't be a massive sell off from here" - your words, not mine) or a "flat" market at best. You can't make this stuff up.
I don't know if you're paying attention but I took profit on the AAPL short by exiting exactly at the right time.....and posting about it BEFORE it took place not AFTER. Do you chaps even have an idea of what you are posting about?
Oh, the horror, the horror.....
You posted that, not I, I just put it up to remind you. But evidently you were holding long and strong, even when you were expecting a selloff albeit not a massive one ("there shouldn't be a massive sell off from here" - your words, not mine) or a "flat" market at best. You can't make this stuff up.
I don't know if you're paying attention but I took profit on the AAPL short by exiting exactly at the right time.....and posting about it BEFORE it took place not AFTER. Do you chaps even have an idea of what you are posting about?
Oh, the horror, the horror.....
Beyond that, if you REALLY want to understand what took place in the markets this week, all you have to do is ask....POLITELY. It sounds to me you are really confused and befuddled, and I am more than willing to help.
See, your reading comprehension has failed yet again. That above statement does not mean I think there will be any selloff, when taken in context in the thread it was wrote. My statement that it will be pretty flat hasn't been proved wrong yet (more or less, depending on what index you are looking at. Although I am now taking this chance to change my mind and state that it will go up from here.
Btw, if I thought markets were going to be flat, why would I sell up all my stocks? I am that good I am able to outperform no problem in those conditions. Unless I think there will be a crash then there's no way I'm selling up. [;)]
Btw, if I thought markets were going to be flat, why would I sell up all my stocks? I am that good I am able to outperform no problem in those conditions. Unless I think there will be a crash then there's no way I'm selling up. [;)]
Whippet, I never won an argument arguing with a child. I have no idea how old you are, but your maturity level has quite a way to go......and I hope you take it as constructive feedback.
You keep getting caught on this forum but you keep arguing vehemently that reality, well, how shall I say, it's not really reality. Reality is what you want it to be, or even better, redefine it to be. Fine by me Whippet, you can redefine reality any way you want to but I'll stick to my opinions if I may.
You keep getting caught on this forum but you keep arguing vehemently that reality, well, how shall I say, it's not really reality. Reality is what you want it to be, or even better, redefine it to be. Fine by me Whippet, you can redefine reality any way you want to but I'll stick to my opinions if I may.
Yet again, you are showing all the hallmarks of a sociopath. Have you conveniently ignored the fact that you are caught out almost daily? Or does this salient fact not exist in your grandiose delusions?
What part of you are emotionally immature don't you understand? Your posts on here not containing insults are far and few between. If don't don't believe me, walk away from the computer for 30 minutes, come back and scroll through your posts. If you are honest with yourself, you'll feel ashamed.
You might speak like this to your children, but it doesn't wash with me. You are nothing more than a pompous **** who acts in exactly the same way as everyone else on this forum. Why do you feel the need to take the moral high ground? I suggest you take a permanent break from this forum, as your bipolar disorder appears to be flaring up again.
You missed my point about stepping away from the computer for 30 minutes. You're too emotionally unwound, too upset, and too filled with rage right now to think rationally. Do it, then you'll realize your mistake and learn from the experience.
Why would I be filled with rage? I am cool as ice. I know I have won this argument long ago - there's no way you can argue with any of my points - oh wait, in Melly world you can.
See in his deluded world, he believes he is acting like an honorable gentlemen (despite coming across as a spoilt child to everyone else), and thus has the right, no, the duty, to police the tradefair forums, telling people off for being immature! Absolutely amazing.
See in his deluded world, he believes he is acting like an honorable gentlemen (despite coming across as a spoilt child to everyone else), and thus has the right, no, the duty, to police the tradefair forums, telling people off for being immature! Absolutely amazing.
Whippet, seriously you need to calm down before you hurt yourself.
Answer this: Why have you taken the moral highground, when you act in exactly the same way as I, and most other people do on this forum?
Have you ever thought about a career as a teacher? You would fit right in with your condescending attitude.
Have you ever thought about a career as a teacher? You would fit right in with your condescending attitude.
More ad hominen from you, nothing more, nothing less.....
A usual instead of discussing the topic MELLY attacks the poster.
as usual he atttacks from a base of zero knowledge.
Menelaus
It sounds like someone missed the rally.
well we know YOU missed out on the rally melly.BECAUSE YOU SOLD OUT AT THE ABSOLUTE BOTTOM
as usual he atttacks from a base of zero knowledge.
Menelaus
It sounds like someone missed the rally.
well we know YOU missed out on the rally melly.BECAUSE YOU SOLD OUT AT THE ABSOLUTE BOTTOM
Another thread taken over by our resident village idiot. Can't say he didn't warn us though, EVERY THREAD MUST BE about him.
omg- was'nt the sky supposed to fall in when QE2 finished?
I'm sure some clowns have been spruiking that for a while.
The dow can run to 13,000 from here, esp after US congress lifts the debt ceiling.The eurphoria will take it skyward.
Gold on the nose in the short term.Gold investors must be spewing.In October 2011 gold closed at 1388$. Currently 1488$. Thats an annulized return of about 10.8%. Hardly exciting. Wheres the 2000$ an ounce brigade now?
I'm sure some clowns have been spruiking that for a while.
The dow can run to 13,000 from here, esp after US congress lifts the debt ceiling.The eurphoria will take it skyward.
Gold on the nose in the short term.Gold investors must be spewing.In October 2011 gold closed at 1388$. Currently 1488$. Thats an annulized return of about 10.8%. Hardly exciting. Wheres the 2000$ an ounce brigade now?
Thats an annulized return of about 10.8%. Hardly exciting.
ffs
ffs
Whippet, here's the forecast your posted on July 1 to start this thread:
Whippet Joined: 01 Oct 07
Replies: 5071 01 Jul 11 18:10
FTSE 7000, Dow 14000, Gold $1250, AAPL $450 from here.
With the added benefit of watching the markets and global events unfold for the last two weeks, PUT A DATE when you expect those targets be reached, otherwise your original post is nothing more than a naive ignorant guess disguised as financial commentary.
Do you have conviction in what you are posting or are you just making noise? The choice is up to you.
Whippet Joined: 01 Oct 07
Replies: 5071 01 Jul 11 18:10
FTSE 7000, Dow 14000, Gold $1250, AAPL $450 from here.
With the added benefit of watching the markets and global events unfold for the last two weeks, PUT A DATE when you expect those targets be reached, otherwise your original post is nothing more than a naive ignorant guess disguised as financial commentary.
Do you have conviction in what you are posting or are you just making noise? The choice is up to you.
end of this year, but I will back out on the gold one now that ben has said he's going to do QE3.
Ben said he's going to do QE3????
When and where????
Post the reference for me.
You are utterly clueless. If anything the Chairman went to great lengths to tell us not to expect QE3 any time soon......and contrary to you I can post a reference (HINT: The Chairman's written testimony to the Senate Finance Committee last Thursday).
Some of you chaps are managing to turn this forum into a farce. SERIOUSLY.
When and where????
Post the reference for me.
You are utterly clueless. If anything the Chairman went to great lengths to tell us not to expect QE3 any time soon......and contrary to you I can post a reference (HINT: The Chairman's written testimony to the Senate Finance Committee last Thursday).
Some of you chaps are managing to turn this forum into a farce. SERIOUSLY.
Put you foot in it there Whippet.
Menelaus has got you square and fair on this one.
Nothing to do, but grin and bear it.
And he will never let you forget I'm afraid to say.
Menelaus has got you square and fair on this one.
Nothing to do, but grin and bear it.
And he will never let you forget I'm afraid to say.
FAFH, there's a broader issue at play here. Whippet clearly is trading the market on the false belief that Bernanke said QE3 is coming. Since the FED's QE activities have been the overwhelming influence on these markets, Whippet is trading ON THE WRONG MARKET BELIEF, INPUT AND DRIVER. Anything he puts up, trades, predictions and the sort ARE ALL FUNDAMENTALLY FLAWED and essentially meaningless.
Whippet would do himself a lot of good shutting the #@*# up and asking more questions. I doubt he dedicated the 20 hours as I did both watching the Chairman's testimony in front of both the House (Wednesday) and the Senate (Thursday) committees as well as reading and analyzing Beranake's submitted written statements. Why did I do that? Because my clients expect me to, not because I'm trying to impress someone on a gambling site's financial forum.
Whippet would do himself a lot of good shutting the #@*# up and asking more questions. I doubt he dedicated the 20 hours as I did both watching the Chairman's testimony in front of both the House (Wednesday) and the Senate (Thursday) committees as well as reading and analyzing Beranake's submitted written statements. Why did I do that? Because my clients expect me to, not because I'm trying to impress someone on a gambling site's financial forum.
Mene, fair enough, I never even watched the speech. But I think you will actually find that there are a lot of news outlets are reporting that Ben hinted at QE3 (including reuters where I got that info from). Or did I miss the part where he hinted at it on Wednesday and then denied it on thursday? I guess I shouldn't take what journalists say for granted. The problem is I don't have an economics degree like you so I don't have the luxury of forming my own opinions on matters sufficiently complex as this...
I guess I shouldn't take what journalists say for granted. The problem is I don't have an economics degree like you so I don't have the luxury of forming my own opinions on matters sufficiently complex as this...
You don't need an economics degree to read the written statement and follow the testimony (Q&A) yourself so you can form your own opinion. Relying on "journalists" to explain it to you without applying some critical thinking of your own is a recipe for disaster. Case in point - you falsely thought that gold took off because "ben said he's going to do QE3".
At any rate, the Chairman neither "hinted" at QE3 on Wednesday, nor he "retracted" on Thursday. A "hint" after all is subject to someone's interpretation (certainly not your own - you've already said that) and a "retraction" is out of the question since it was never hinted in the first place and in fact the Chairman is much too smart to say one thing on the Hill one day and something totally opposite the next day.
You seem to rely on getting and understanding your financial news through second and third hand sources. I suggest you give it a go at going to the original source and doing the research yourself. If you invested less of your time posting rubbish on here, perhaps you'd have the time to do that. Open your eyes, have a go at this:
http://www.federalreserve.gov/newsevents/testimony/bernanke20110713a.htm
At any rate, the Chairman neither "hinted" at QE3 on Wednesday, nor he "retracted" on Thursday. A "hint" after all is subject to someone's interpretation (certainly not your own - you've already said that) and a "retraction" is out of the question since it was never hinted in the first place and in fact the Chairman is much too smart to say one thing on the Hill one day and something totally opposite the next day.
You seem to rely on getting and understanding your financial news through second and third hand sources. I suggest you give it a go at going to the original source and doing the research yourself. If you invested less of your time posting rubbish on here, perhaps you'd have the time to do that. Open your eyes, have a go at this:
http://www.federalreserve.gov/newsevents/testimony/bernanke20110713a.htm
And Whippet exits quietly with his head down stage left.
You're full of posting jelly beans today Menelaus.
Isn't or shouldn't this be your day of rest from the world of finance , even the amateur hour one on here ?
Not me of course as I don't have to put on that little pinstripe number as you do tomorrow and the days after.
In fact never again for me.
Just change my swimmers now and then to keep me interested wardrobe wise.
Isn't or shouldn't this be your day of rest from the world of finance , even the amateur hour one on here ?
Not me of course as I don't have to put on that little pinstripe number as you do tomorrow and the days after.
In fact never again for me.
Just change my swimmers now and then to keep me interested wardrobe wise.
You are utterly clueless. If anything the Chairman went to great lengths to tell us not to expect QE3 any time soon.....
Where does he say this? What he says is that he is adopting a wait and see approach (accomodatory policy), if the economy gets worse then ease, if it gets better, then unwind positions. What time frame is "soon" anyway? This year?
Where does he say this? What he says is that he is adopting a wait and see approach (accomodatory policy), if the economy gets worse then ease, if it gets better, then unwind positions. What time frame is "soon" anyway? This year?
Read it again, then go to C-SPAN archives and watch the Q&A following the testimony in front of the Senate Committee. The Goldman Sacks note to clients also does an excellent job in summarizing the testimony if you can get your hands on one. May be there's hope for you after all Whippet, you actually asked a question without spewing insults. Keep it up.
Mrben Joined: 25 Oct 03
Replies: 3980 04 Jul 11 00:20
omg- was'nt the sky supposed to fall in when QE2 finished?
I'm sure some clowns have been spruiking that for a while.
The dow can run to 13,000 from here, esp after US congress lifts the debt ceiling.The eurphoria will take it skyward.
Gold on the nose in the short term.Gold investors must be spewing.In October 2011 gold closed at 1388$. Currently 1488$. Thats an annulized return of about 10.8%. Hardly exciting. Wheres the 2000$ an ounce brigade now?
Make that 20%.
Replies: 3980 04 Jul 11 00:20
omg- was'nt the sky supposed to fall in when QE2 finished?
I'm sure some clowns have been spruiking that for a while.
The dow can run to 13,000 from here, esp after US congress lifts the debt ceiling.The eurphoria will take it skyward.
Gold on the nose in the short term.Gold investors must be spewing.In October 2011 gold closed at 1388$. Currently 1488$. Thats an annulized return of about 10.8%. Hardly exciting. Wheres the 2000$ an ounce brigade now?
Make that 20%.
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