first, you run all the shorts out of the market by edict.
next, you run prices straight up so that everyone gets on the long side of the market.
and what kind of buying power does that leave you with? very darn little.
oh, and your proposed solution to the credit crisis sends bonds down 4 points.
all we need now is for the chinese/japanese to come out over the weekend and indicate that they will be buying less treasury debt in the future.
isn't this country great? the bulls best hope is that the fed is embarking on a course of hyperinflation which cannot be discounted.
either way, it is likely that volatility will increase and the next move, whether it's up or down, will be a doozy.
the market will have to rally back to 1313 to change my p&f projections.
is this a great setup for a crash or what?
Started by
wallyw
, Sep 19 2008 04:50 PM
2 replies to this topic
#2
pdx5
-
- Traders-Talk User
- 9,771 posts
I want return OF my money more than return ON my money
Posted 19 September 2008 - 05:48 PM
They will do everything possible under the sun to levitate the market through November 4th
using your money.
Y'all know Nov 4th is election day, so hide your wallets at least until then.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#3
pcp
-
- Traders-Talk User
- 114 posts
Member
Posted 19 September 2008 - 05:53 PM
They will do everything possible under the sun to levitate the market through November 4th
using your money.
Y'all know Nov 4th is election day, so hide your wallets at least until then.
I don't think it lasts til then. If shorts are forced out completely, it's pretty much wiley coyote time.
