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Stock Market Crash after Bernanke talks Thursday ?
bestday
Posts: 4,242 ✭✭✭✭
It is all coming together this week ....Gold over 850.00 ...Oil over over 100.00, Dollar at record lows..Stock market is teeing for a move under 12,000.
Gold 's target is now over 900.00..don't sell
Gold 's target is now over 900.00..don't sell
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Comments
<< <i>I got short with QID late yesterday. Still hanging on to see if we get any follow through selling tomorrow. >>
The QID was up 2.75 on Wednesday..for those not in the know , the QID is an ETF that is 200 % short the NASDAQ..great to put in your IRA or other roll overs for some downside portfolio protection
Good buy
<< <i>
<< <i>I got short with QID late yesterday. Still hanging on to see if we get any follow through selling tomorrow. >>
The QID was up 2.75 on Wednesday..for those not in the know , the QID is an ETF that is 200 % short the NASDAQ..great to put in your IRA or other roll overs for some downside portfolio protection
Good buy
Talk about trying to catch a falling knife...
QID chart since its debut
I guess someone will luck out and buy the bottom. For newbies reading along, in general, the majority that try to play those kind of games, get crushed and lose their shirts. Again for newbies, don't take financial advice from a coin board, it is the road to the poor house for newbies.
<< <i>I guess someone will luck out and buy the bottom. For newbies reading along, in general, the majority that try to play those kind of games, get crushed and lose their shirts. Again for newbies, don't take financial advice from a coin board, it is the road to the poor house for newbies. >>
Good financial advice.
<< <i>I got short with QID late yesterday. Still hanging on to see if we get any follow through selling tomorrow. >>
So if QID is a short hedge and you short the hedge then you're betting the market will go up?
<< <i>Keep your eyes on asia tonight, if you see NIKKEI down 500 points, gold down $20, and silver down .50-$1, It's not going to be pretty for US markets tomorrow. Cutting rates is not the answer. The people are clueless about the wave of inflation about to come. Cutting rates is like sticking bubble gum in the crack of a dam. What should be happening is rates going to 10%, stop inflation and flush all the BS out of the system. Can't do that with the elections coming up... Its not looking pretty... >>
i would like to see what you say "flush the market" and the BS. the world economy is much bigger than an election now, though...IMHO
<< <i>Keep your eyes on asia tonight, if you see NIKKEI down 500 points >>
Hope not, as a fed employee my TSP (government employee 401k) does not have many good investment options. The only one worthwhile has been the International fund, mostly Asian investments.
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>I haven't been doing too bad with SKF, it double shorts the banking institutions. Up 8.13 for the day, really looking forward to tomorrow's action!
<< <i>Keep your eyes on asia tonight, if you see NIKKEI down 500 points >>
Hope not, as a fed employee my TSP (government employee 401k) does not have many good investment options. The only one worthwhile has been the International fund, mostly Asian investments. >>
I split into 3 the C, S, and I catagories, but yes the I fund has been great this year...20%
Antique Fishing Lures
Correct.
<< <i>"So if QID is a short hedge and you short the hedge then you're betting the market will go up?" >>
Why short the short? just bet the market.
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>The real question is are the oil prices being manipulated and will they stay at 90? If it is just traders and demand is 70, then inflation will be ok, but if oil stays at 90, look out inflation >>
Oil is high looking through the dollars' lens. People in Canada and Australia and elsewhere don't think Oil is rising.
<< <i>
<< <i>I got short with QID late yesterday. Still hanging on to see if we get any follow through selling tomorrow. >>
So if QID is a short hedge and you short the hedge then you're betting the market will go up? >>
Buying the QID is saying the market is going down..the more stocks go down the more QID goes up...today it is up 2.75 with the Dow down 175
<< <i>The real question is are the oil prices being manipulated and will they stay at 90? If it is just traders and demand is 70, then inflation will be ok, but if oil stays at 90, look out inflation >>
If you want to be short oil .................. DUG is the etf to buy
<< <i> Buying the QID is saying the market is going down..the more stocks go down the more QID goes up...today it is up 2.75 with the Dow down 175 >>
QID tracks the nasdaq inversely, not the Dow.
<< <i>It is no secret that the US economy and US Dollar are in the toilet. Expect massive unemployment, $100 dollar oil, $1000 + gold. Wait til the $thit hits the fan next Feb-May when the mortgages reset again. A real $hitstorm is coming......... >>
When the Wall Street Journal and the other big papers have headlines saying ... house prices are crashing that will the bottom
<< <i>It is no secret that the US economy and US Dollar are in the toilet. Expect massive unemployment, $100 dollar oil, $1000 + gold. Wait til the $thit hits the fan next Feb-May when the mortgages reset again. A real $hitstorm is coming......... >>
Some would argue that the sh!tstorm is already here.
<< <i>
<< <i>
<< <i>I got short with QID late yesterday. Still hanging on to see if we get any follow through selling tomorrow. >>
The QID was up 2.75 on Wednesday..for those not in the know , the QID is an ETF that is 200 % short the NASDAQ..great to put in your IRA or other roll overs for some downside portfolio protection
Good buy
Talk about trying to catch a falling knife...
QID chart since its debut
I guess someone will luck out and buy the bottom. For newbies reading along, in general, the majority that try to play those kind of games, get crushed and lose their shirts. Again for newbies, don't take financial advice from a coin board, it is the road to the poor house for newbies. >>
Nice chart except , smart traders use stops......and buy smart this week
<< <i>
<< <i>It is no secret that the US economy and US Dollar are in the toilet. Expect massive unemployment, $100 dollar oil, $1000 + gold. Wait til the $thit hits the fan next Feb-May when the mortgages reset again. A real $hitstorm is coming......... >>
Some would argue that the sh!tstorm is already here. >>
I agree. And we seem to be weathering it just fine.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>
<< <i>
<< <i>It is no secret that the US economy and US Dollar are in the toilet. Expect massive unemployment, $100 dollar oil, $1000 + gold. Wait til the $thit hits the fan next Feb-May when the mortgages reset again. A real $hitstorm is coming......... >>
Some would argue that the sh!tstorm is already here. >>
I agree. And we seem to be weathering it just fine. >>
I don't think those posters are in the USA, Pharmer.
WS
Sotheby's hit by slowing art boom
Auction house Sotheby's (BID, news, msgs) did not sell a Vincent van Gogh landscape painting at its auction earlier this week, and Sotheby's took in just shy of $270 million at the Nov. 6 auction, far below the presale estimate of $355 million.
There were 76 lots up for auction, but 20 did not sell.
"I know the sale was really difficult, but I see it more as resistance to the aggressive estimates and not so much that the market has turned," Sotheby's chairman of Impressionist art, David Norman, told Reuters.
<< <i>
<< <i>I got short with QID late yesterday. Still hanging on to see if we get any follow through selling tomorrow. >>
So if QID is a short hedge and you short the hedge then you're betting the market will go up? >>
In that case, it is easier to just buy the QLD.
San Diego, CA
<< <i>
<< <i>
<< <i>
<< <i>It is no secret that the US economy and US Dollar are in the toilet. Expect massive unemployment, $100 dollar oil, $1000 + gold. Wait til the $thit hits the fan next Feb-May when the mortgages reset again. A real $hitstorm is coming......... >>
Some would argue that the sh!tstorm is already here. >>
I agree. And we seem to be weathering it just fine. >>
I don't think those posters are in the USA, Pharmer. >>
No comprendo, senor. Que?
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
Not necessarily. Think about it.
Knowledge is the enemy of fear
<< <i>Bernanke talked of farther interest cuts which is bullish for gold
Not necessarily. Think about it. >>
OK you have me , If he cuts rates why wont it be bullish for gold?
<< <i>
<< <i>Bernanke talked of farther interest cuts which is bullish for gold
Not necessarily. Think about it. >>
OK you have me , If he cuts rates why wont it be bullish for gold? >>
The great Crash protection Team rides again today to the rescue . Market rallies straight up1 hour before close....But might not be next time
<< <i>
<< <i>Bernanke talked of farther interest cuts which is bullish for gold
Not necessarily. Think about it. >>
OK you have me , If he cuts rates why wont it be bullish for gold? >>
The price of gold is influenced by many, many things, not just US interest rates. A cut in rates could cause the dollar to fall and hence cause gold to rise as some mau see it as a hedge. But interest rates are but 1 of many factors that establish prices of assets.
Knowledge is the enemy of fear
Knowledge is the enemy of fear
<< <i>
<< <i>
<< <i>Bernanke talked of farther interest cuts which is bullish for gold
Not necessarily. Think about it. >>
OK you have me , If he cuts rates why wont it be bullish for gold? >>
The great Crash protection Team rides again today to the rescue . Market rallies straight up1 hour before close....But might not be next time
I get the impression that you're hoping for a crash.
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>I was buying at 3:15 after the DOW made a successful test of the days lows and I am in no way affiliated with any CPT. I imagine I was not alone. >>
You and are but a mere spit in the ocean.....over 80 % of volume tried to big trades
Yup, if there occurs a stock market crash anytime in the future, it looks like it'll definitely be after Bernanke spoke today.
<< <i>
<< <i>
<< <i>Bernanke talked of farther interest cuts which is bullish for gold
Not necessarily. Think about it. >>
OK you have me , If he cuts rates why wont it be bullish for gold? >>
The price of gold is influenced by many, many things, not just US interest rates. A cut in rates could cause the dollar to fall and hence cause gold to rise as some mau see it as a hedge. But interest rates are but 1 of many factors that establish prices of assets. >>
Under normal circumstances I would agree ,
The current gold bull is 100% dollar related though and I for one will be out of PMs when the dollar starts regaining strength. Unfortunately for us that will take a very long time.
The same is true for oil which costs 60 euros a barrel and would be around $40 dollars a barrel if the dollar was still worth 1.35 euros ( off the top of my head math so dont nit pick for a buck here or there)