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December 23, 2007 at 10:37 AM #123185December 23, 2007 at 5:52 PM #123336Chris Scoreboard JohnstonParticipant
That is exactly the type of post I talk about when citing overly negative things in here. You are crazy or stupid if you have not sold all your stocks? I put over 1 Million dollars into the long side of the stock market in individual stocks at the close on 11/26/07 with the Dow at 12743, can you tell me that was a stupid move, I have already made over 100k on those positions, yet I am stupid? How much money have your shorts made during that same time period?
I do plan on exiting this trade soon, but blanket statements like that are exactly what I try to fight by being here, I do not know why I even bother.
I feel sorry for inexperienced people who read a post like that, from someone with a handle like yours that might lead people to believe you are credible.
It entirely depends on your time horizons as to whether you buy or sell and how you do it. A fear inspring post like that does not help anyone. You could have easily made those points without those insulting additions belittling people.
Further, Gold has no history of going up when stocks decline, read the charts before making comments like that.
December 23, 2007 at 5:52 PM #123483Chris Scoreboard JohnstonParticipantThat is exactly the type of post I talk about when citing overly negative things in here. You are crazy or stupid if you have not sold all your stocks? I put over 1 Million dollars into the long side of the stock market in individual stocks at the close on 11/26/07 with the Dow at 12743, can you tell me that was a stupid move, I have already made over 100k on those positions, yet I am stupid? How much money have your shorts made during that same time period?
I do plan on exiting this trade soon, but blanket statements like that are exactly what I try to fight by being here, I do not know why I even bother.
I feel sorry for inexperienced people who read a post like that, from someone with a handle like yours that might lead people to believe you are credible.
It entirely depends on your time horizons as to whether you buy or sell and how you do it. A fear inspring post like that does not help anyone. You could have easily made those points without those insulting additions belittling people.
Further, Gold has no history of going up when stocks decline, read the charts before making comments like that.
December 23, 2007 at 5:52 PM #123506Chris Scoreboard JohnstonParticipantThat is exactly the type of post I talk about when citing overly negative things in here. You are crazy or stupid if you have not sold all your stocks? I put over 1 Million dollars into the long side of the stock market in individual stocks at the close on 11/26/07 with the Dow at 12743, can you tell me that was a stupid move, I have already made over 100k on those positions, yet I am stupid? How much money have your shorts made during that same time period?
I do plan on exiting this trade soon, but blanket statements like that are exactly what I try to fight by being here, I do not know why I even bother.
I feel sorry for inexperienced people who read a post like that, from someone with a handle like yours that might lead people to believe you are credible.
It entirely depends on your time horizons as to whether you buy or sell and how you do it. A fear inspring post like that does not help anyone. You could have easily made those points without those insulting additions belittling people.
Further, Gold has no history of going up when stocks decline, read the charts before making comments like that.
December 23, 2007 at 5:52 PM #123579Chris Scoreboard JohnstonParticipantThat is exactly the type of post I talk about when citing overly negative things in here. You are crazy or stupid if you have not sold all your stocks? I put over 1 Million dollars into the long side of the stock market in individual stocks at the close on 11/26/07 with the Dow at 12743, can you tell me that was a stupid move, I have already made over 100k on those positions, yet I am stupid? How much money have your shorts made during that same time period?
I do plan on exiting this trade soon, but blanket statements like that are exactly what I try to fight by being here, I do not know why I even bother.
I feel sorry for inexperienced people who read a post like that, from someone with a handle like yours that might lead people to believe you are credible.
It entirely depends on your time horizons as to whether you buy or sell and how you do it. A fear inspring post like that does not help anyone. You could have easily made those points without those insulting additions belittling people.
Further, Gold has no history of going up when stocks decline, read the charts before making comments like that.
December 23, 2007 at 5:52 PM #123560Chris Scoreboard JohnstonParticipantThat is exactly the type of post I talk about when citing overly negative things in here. You are crazy or stupid if you have not sold all your stocks? I put over 1 Million dollars into the long side of the stock market in individual stocks at the close on 11/26/07 with the Dow at 12743, can you tell me that was a stupid move, I have already made over 100k on those positions, yet I am stupid? How much money have your shorts made during that same time period?
I do plan on exiting this trade soon, but blanket statements like that are exactly what I try to fight by being here, I do not know why I even bother.
I feel sorry for inexperienced people who read a post like that, from someone with a handle like yours that might lead people to believe you are credible.
It entirely depends on your time horizons as to whether you buy or sell and how you do it. A fear inspring post like that does not help anyone. You could have easily made those points without those insulting additions belittling people.
Further, Gold has no history of going up when stocks decline, read the charts before making comments like that.
December 23, 2007 at 6:38 PM #123486WileyParticipantChris,
I’d say yes you were fairly lucky. There are numerous fundamental reasons for the stock market not going up here. Valuation being the biggest.
It’s also interesting that you hit the exact day and bought as it looked like the dow was cratering. If you really did that I’ll hand it to you cause that took some balls.
Going forward I don’t really doubt the above post with regard to the “insider” and his caution. There definately is an epic credit crisis right now globally. IMO between now and the next few months we’ll either move rapidly into hyper-inflation or deflation.
I like gold and have been long many years. Schiff has been right on the money. Doesn’t mean he’ll be right going forward as I don’t think anyone really knows how this epic monetary experiment plays out.
With a housing slowdown (crash), credit contraction already in the data, etc, etc, etc, I wouldn’t be long stocks other then some select resource companies. I definitely wouldn’t have any money in an internet bank or brokerage. I would and do have most my money in treasuries.
Thats my 2cents
December 23, 2007 at 6:38 PM #123511WileyParticipantChris,
I’d say yes you were fairly lucky. There are numerous fundamental reasons for the stock market not going up here. Valuation being the biggest.
It’s also interesting that you hit the exact day and bought as it looked like the dow was cratering. If you really did that I’ll hand it to you cause that took some balls.
Going forward I don’t really doubt the above post with regard to the “insider” and his caution. There definately is an epic credit crisis right now globally. IMO between now and the next few months we’ll either move rapidly into hyper-inflation or deflation.
I like gold and have been long many years. Schiff has been right on the money. Doesn’t mean he’ll be right going forward as I don’t think anyone really knows how this epic monetary experiment plays out.
With a housing slowdown (crash), credit contraction already in the data, etc, etc, etc, I wouldn’t be long stocks other then some select resource companies. I definitely wouldn’t have any money in an internet bank or brokerage. I would and do have most my money in treasuries.
Thats my 2cents
December 23, 2007 at 6:38 PM #123585WileyParticipantChris,
I’d say yes you were fairly lucky. There are numerous fundamental reasons for the stock market not going up here. Valuation being the biggest.
It’s also interesting that you hit the exact day and bought as it looked like the dow was cratering. If you really did that I’ll hand it to you cause that took some balls.
Going forward I don’t really doubt the above post with regard to the “insider” and his caution. There definately is an epic credit crisis right now globally. IMO between now and the next few months we’ll either move rapidly into hyper-inflation or deflation.
I like gold and have been long many years. Schiff has been right on the money. Doesn’t mean he’ll be right going forward as I don’t think anyone really knows how this epic monetary experiment plays out.
With a housing slowdown (crash), credit contraction already in the data, etc, etc, etc, I wouldn’t be long stocks other then some select resource companies. I definitely wouldn’t have any money in an internet bank or brokerage. I would and do have most my money in treasuries.
Thats my 2cents
December 23, 2007 at 6:38 PM #123340WileyParticipantChris,
I’d say yes you were fairly lucky. There are numerous fundamental reasons for the stock market not going up here. Valuation being the biggest.
It’s also interesting that you hit the exact day and bought as it looked like the dow was cratering. If you really did that I’ll hand it to you cause that took some balls.
Going forward I don’t really doubt the above post with regard to the “insider” and his caution. There definately is an epic credit crisis right now globally. IMO between now and the next few months we’ll either move rapidly into hyper-inflation or deflation.
I like gold and have been long many years. Schiff has been right on the money. Doesn’t mean he’ll be right going forward as I don’t think anyone really knows how this epic monetary experiment plays out.
With a housing slowdown (crash), credit contraction already in the data, etc, etc, etc, I wouldn’t be long stocks other then some select resource companies. I definitely wouldn’t have any money in an internet bank or brokerage. I would and do have most my money in treasuries.
Thats my 2cents
December 23, 2007 at 6:38 PM #123565WileyParticipantChris,
I’d say yes you were fairly lucky. There are numerous fundamental reasons for the stock market not going up here. Valuation being the biggest.
It’s also interesting that you hit the exact day and bought as it looked like the dow was cratering. If you really did that I’ll hand it to you cause that took some balls.
Going forward I don’t really doubt the above post with regard to the “insider” and his caution. There definately is an epic credit crisis right now globally. IMO between now and the next few months we’ll either move rapidly into hyper-inflation or deflation.
I like gold and have been long many years. Schiff has been right on the money. Doesn’t mean he’ll be right going forward as I don’t think anyone really knows how this epic monetary experiment plays out.
With a housing slowdown (crash), credit contraction already in the data, etc, etc, etc, I wouldn’t be long stocks other then some select resource companies. I definitely wouldn’t have any money in an internet bank or brokerage. I would and do have most my money in treasuries.
Thats my 2cents
December 23, 2007 at 8:32 PM #123542bubba99ParticipantThe comments about global markets managers starting to get concerned should be taken with a grain of salt. These would be the same clueless individuals who did not do due diligence on the crap they bought or guaranteed as CDO’s and worse SIV’s
They were not bright enough to see that if the assets underlying a derivative were worthless, so was the derivative. It is hard for me to believe that suddenly they get the picture when it has been obvious to the rest of us since 2004.
If it is true that they suddenly “understand” maybe the worst is over. They have been wrong about everything else.
December 23, 2007 at 8:32 PM #123617bubba99ParticipantThe comments about global markets managers starting to get concerned should be taken with a grain of salt. These would be the same clueless individuals who did not do due diligence on the crap they bought or guaranteed as CDO’s and worse SIV’s
They were not bright enough to see that if the assets underlying a derivative were worthless, so was the derivative. It is hard for me to believe that suddenly they get the picture when it has been obvious to the rest of us since 2004.
If it is true that they suddenly “understand” maybe the worst is over. They have been wrong about everything else.
December 23, 2007 at 8:32 PM #123598bubba99ParticipantThe comments about global markets managers starting to get concerned should be taken with a grain of salt. These would be the same clueless individuals who did not do due diligence on the crap they bought or guaranteed as CDO’s and worse SIV’s
They were not bright enough to see that if the assets underlying a derivative were worthless, so was the derivative. It is hard for me to believe that suddenly they get the picture when it has been obvious to the rest of us since 2004.
If it is true that they suddenly “understand” maybe the worst is over. They have been wrong about everything else.
December 23, 2007 at 8:32 PM #123517bubba99ParticipantThe comments about global markets managers starting to get concerned should be taken with a grain of salt. These would be the same clueless individuals who did not do due diligence on the crap they bought or guaranteed as CDO’s and worse SIV’s
They were not bright enough to see that if the assets underlying a derivative were worthless, so was the derivative. It is hard for me to believe that suddenly they get the picture when it has been obvious to the rest of us since 2004.
If it is true that they suddenly “understand” maybe the worst is over. They have been wrong about everything else.
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