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Post by brosin on Feb 18, 2011 20:10:36 GMT -5
Honestly, I do.  I can't get over the fact that so many market participants are so much more worried about MISSING further move than they are about the market going bid-less given the amount we have run without pulling back. Depending on how far up we go, once the market starts heading down, there will be nothing but air. Tell me this: how much of an up move (more than the 30% we've seen already) are people expecting, and why is it the time to panic buy? As Clinton has made me realize so well, a hyperinflationary scenario that involves input costs like oil would crush the global economy. All this talk about how things are still underpriced in fiat makes little sense to me, sorry. Which currency(ies) are we talking about exactly, and why is any overpriced relative to any others? Mostly every central bank in the world who is able to is printing money. China is the only place even remotely starting to pull back as far as I'm aware. Right or wrong, I will not become bullish up here. I will hold the 60% allocation I have in my IRA, but it just doesn't make sense to me to buy anything there when all it will take is a week or two and the market will take back all the gains it has given people, especially those who have chased. Obviously just my opinion, but this will be my last major post for awhile as I am going to attempt to keep a low profile for a bit. GLTA 6/30/11 update: bad call / thumbs down.. market would rally for another month prior to Japan's crisis |
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Post by clemsontygr on Feb 18, 2011 20:33:27 GMT -5
You should listen to the whole thing, however, perk your ears up at the 2:45 mark. I not going to bother you with the "crack up boom". google it. That is precisely where we are at. You will be financially ruined one year from now(or at least much much less buying power) PS(again): I'm 80% invest in physical PM's, "hoarded" in many private, non-banking, locations. The returns have been  I'm doing my part Bro, I hope you can finally see it, soon. NO fiat currency has lasted more than 100 years. Fed creation: 1913. PSS: I do believe the dollar will survive, after it get "re-valued". Gold would also get re-valued, 10,000 an oz. or 100,000 an oz. is yet tobe determined. With Respect, CT |
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Post by Rich on Feb 18, 2011 20:45:03 GMT -5
Bros, you can't give up. you know it I know it You're a fastopian  |
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Post by brosin on Feb 18, 2011 20:48:51 GMT -5
You should listen to the whole thing, however, perk your ears up at the 2:45 mark. I not going to bother you with the "crack up boom". google it. That is precisely where we are at. You will be financially ruined one year from now(or at least much much less buying power) PS(again): I'm 80% invest in physical PM's, "hoarded" in many private, non-banking, locations. The returns have been I'm doing my part Bro, I hope you can finally see it, soon. NO fiat currency has lasted more than 100 years. Fed creation: 1913. PSS: I do believe the dollar will survive, after it get "re-valued". Gold would also get re-valued, 10,000 an oz. or 100,000 an oz. is yet tobe determined. With Respect, CT Thanks Clemson - always appreciate your opinions, and especially when we disagree as I always come away from it with something I hadn't thought of before. I 100% understand the gold argument - I just disagree with some points of it. While I like oil, gold, and silver from an inflationary perspective, once we start talking hyperinflation, USDollar or Euro collapse, etc., few asset classes would be spared. If I were to buy gold, I would take actual possession of it. |
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Post by timber on Feb 18, 2011 20:58:11 GMT -5
ok i get it..i am in the silver trade but am wary of the gold
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Post by clemsontygr on Feb 18, 2011 21:06:31 GMT -5
"Thanks Clemson - always appreciate your opinions, and especially when we disagree as I always come away from it with something I hadn't thought of before. I 100% understand the gold argument - I just disagree with some points of it. While I like oil, gold, and silver from an inflationary perspective, once we start talking hyperinflation, USDollar or Euro collapse, etc., few asset classes will be spared. If I were to buy gold, I would take actual possession of it. " If you do quit, park your $ @ home in pysical. You'll be just fine. And watch this thing fall apart from the sidelines (mostly) like me. :-)  |
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Post by brosin on Feb 22, 2011 13:07:04 GMT -5
I should've given up way sooner I guess
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Post by brosin on Mar 18, 2011 22:16:40 GMT -5
This was kind of funny ;D - I guess I gave up a couple times now.. was searching back for a post that I can't find, but I found this from 9/1/10...  I agree with commod! The other day I spoke to a few of my closest people to the market...they say there has been a mass exodus of funds from the market. So much so that insiders are alarmed. Is a 250+ day the Feds way of making people play? Or fear missing out on the next run? If this is the case, market will rise to S&P 1220+...making new highs only to have retail enter again. We're all greedy in our own little sense..the sheep will follow like they always do. What I want more than and up/down market is true price discovery. Fed needs to stop injecting money and having POMO days...Anyone who believes this is a free market should go check the color of your mommys undies! So it does not matter that even my Grandma called me up the other day and said she was shorting the market and that it was going to tank? When 65% of the market is expecting a 10% DECLINE in short fashion, that is a pretty easy signal that there aren't that many people left to sell!!! I give up with you guys. Gapper children lol, yep |
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Post by kbk3ck on Mar 18, 2011 22:28:16 GMT -5
So are you quitting again?
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Post by brosin on Mar 18, 2011 22:33:12 GMT -5
no, i probably kept a low profile for 2 hours LOL
was saying that when i get the most frustrated with everyone seems to be the tipping point (look at 9/1 on a chart)
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Post by jack on Mar 18, 2011 22:36:40 GMT -5
Bros, you can't give up. you know it I know it You're a fastopian There's a good Bill Murray line for a situation like this...that film in the Army "Stripes" - anybody know it? |
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Post by kbk3ck on Mar 18, 2011 22:39:16 GMT -5
I get fed up and quit all the time for a few minutes too.
;D
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Post by kbk3ck on Mar 18, 2011 22:40:12 GMT -5
All The Plants Will Die!!!!!
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Post by brosin on Mar 18, 2011 22:41:21 GMT -5
LOL
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Post by jack on Mar 18, 2011 22:46:30 GMT -5
Friday night Bros - wtf are you doing HERE??? |
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Post by timber on Mar 18, 2011 22:48:06 GMT -5
you and joe need a good woman
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Post by jack on Mar 18, 2011 22:50:32 GMT -5
no, i probably kept a low profile for 2 hours LOL was saying that when i get the most frustrated with everyone seems to be the tipping point (look at 9/1 on a chart) Velly intlesting.... |
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Post by jack on Mar 18, 2011 22:51:43 GMT -5
you and joe need a good woman A bad one is far more intlesting.... ;D |
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Post by timber on Mar 18, 2011 22:53:41 GMT -5
no jack....no more bad ones for me.....my wallet and heart wont be able to take another one
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Post by kbk3ck on Mar 18, 2011 22:53:54 GMT -5
All those "good" women are the reason Im hiding out at home. I cant lie though, Kim is here. She brought a bunch of Taco Bell shrimp buritos and tacos. Now im on my couch with my laptop and watching TV and she is on her couch doing the same. And she is not bugging me much so its all good.
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Post by brosin on Mar 18, 2011 22:57:01 GMT -5
Friday night Bros - wtf are you doing HERE??? funny you should ask as i was wondering that myself like 2 hours ago - trying to "unlose" money tonight by staying in after last weekend ;D i've been celebrating extended st pattys by drinking guinnesses with these basketball games on and LOL timber actually the girl i'm into gets home tomorrow (she's a youngin but home on break) - |
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Post by brosin on Mar 18, 2011 22:58:58 GMT -5
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Post by bellevuetrader on Mar 18, 2011 22:59:24 GMT -5
no jack....no more bad ones for me.....my wallet and heart wont be able to take another one Isn't that the truth!! Want a bad girl....Come down to Scottsdale, AZ! I've never seen so many fake boobs and greedy women asking 'how much do you make' to every tool that expresses interest! They're a bunch of 30k millionaires! Gotta watch this vid!! www.youtube.com/watch?v=zYopylSYyCQ&feature=youtube_gdata_player |
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Post by bellevuetrader on Mar 18, 2011 23:00:24 GMT -5
How old are you bros? I had a youngin too...gotta love them!
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Post by timber on Mar 18, 2011 23:02:00 GMT -5
what are you doing in scottsdale
az and navada always gave me the creeps....especially navada i feel like im from a different planet out there
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Post by brosin on Mar 18, 2011 23:05:21 GMT -5
haha yeah belle i'm 26 - was kind of funny because i didn't even know how old she was until we started talking more, she's friends with a lot of the people i go to concerts with and that group has people as young as 20/21 up to my age and a little older... i have two younger brothers who are older than her ;D
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Post by timber on Mar 18, 2011 23:08:29 GMT -5
by the way brazilian women are curvey and shapely.....i cant stand skinny stick shaped women
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Post by kbk3ck on Mar 18, 2011 23:08:33 GMT -5
Bell, you make a good video man. We didnt know you were an actor. LOL
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Post by bellevuetrader on Mar 18, 2011 23:17:11 GMT -5
Timber-I was an account manager for Fannie Mae down here! It sucked, so I quit! Now just living the dream!
Bros-Yeah I hear ya...I use that same excuse all the time! You would shake your head in shame if you heard how old the last girl toy was...I felt so guilty, I'm now with a 38yr old blonde paralegal! Can you say Cougars and Cubs? Lol!
KBK- I thought that was you in the video!
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Post by kbk3ck on Mar 18, 2011 23:50:33 GMT -5
LOL Bell. I was tappen a 19 yr old a few years back and everybod called me an old perv, with envy. LOL
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