And that will be the end of this silly bounce.
Details of the Chineese stimulus will be out tomorrow.
Started by
ogm
, Mar 04 2009 02:06 PM
7 replies to this topic
#2
atlasshrugged
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Posted 04 March 2009 - 02:07 PM
they are watering the HOPE weeds again today
#3
ogm
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Posted 04 March 2009 - 02:33 PM
The funniest part, is that there is no really a plan out there yet., Its just a rumor that it may be announced tomorrow.
Buy the rumor....
#4
typicalbear
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Posted 04 March 2009 - 02:47 PM
A stimulated China = higher commodity prices (?) How is that good for our economy?
#5
ogm
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Posted 04 March 2009 - 02:49 PM
A stimulated China = higher commodity prices (?) How is that good for our economy?
A stimulated China = less chance of social unrest in China. Thats about it.
Without US and European consumers buying Chineese crap, you can pour trillions into China and it will do nothing.
People are still delusional about what China really is and what its economy depends on.
#6
Gold3600
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Posted 04 March 2009 - 05:43 PM
OGM, Where do you stand on crude after your great call on riding it down from Feb 11ish post I believe. Also Gold? Thanks Jake
Edited by Gold3600, 04 March 2009 - 05:45 PM.
#7
Tor
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Posted 04 March 2009 - 05:50 PM
Its a total joke. They have thousands of people making handmade crappy toys to sell to the west, yet injecting money into fiscal spending projects cost a massive amount to actually create relatively few jobs.A stimulated China = higher commodity prices (?) How is that good for our economy?
A stimulated China = less chance of social unrest in China. Thats about it.
Without US and European consumers buying Chineese crap, you can pour trillions into China and it will do nothing.
People are still delusional about what China really is and what its economy depends on.
Trillion this trillion that, those figures are the headline figures and in reality it ends up being an exaggeration and take lots and lots of time to actually filter down into the economy.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#8
ogm
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Posted 04 March 2009 - 07:16 PM
OGM, Where do you stand on crude after your great call on riding it down from Feb 11ish post I believe. Also Gold? Thanks Jake
I'm not short crude itself, but I'm still short XOM and HES.
Overall I think it will be stuck in the 30-50 range for quite some time. Many month I'm guessing.
Gold I think is overcrowded. And I'm short.
