7 replies to this topic

[nimblebear]

http://ml-implode.com/

"Only 16 hedge fundds have imploded. so far. since mid 07.

[Sentient Being]

To me this is as frustrating as the tech bubble bursting. I remember back as the tech bubble bust I was late to get out. Missed some of the drop. But was listening to this prechter gang and they had arguement after arguement why the top of "B" had arrived and the KILLER C was about to wipe out the stock market as we know it. I was very late in getting back in the markets and would have been far better off never getting out. So since then I've reached the point where I'm 80% buy and hold and only 20% trading. At present I have some heavy bets running on SPY and QQQQ and even have a stop in the black on the QQQQ. But we are hearing everything under the sun here and everywhere. Good traders declearing we are going down, the housing bubble crisis has a leg down to go that will be a disaster, blah blah blah. And then the other side of the arguement too. It's over, we are going up, the bull is strong, blah blah blah. I believe NO ONE KNOWS. Sure many will be claim to be right, to have "called it" but no one freaking knows. And If I were a good trader that made money consistantly, it probably would not be based on knowing something like if the bottom for the housing bubble were in or not. It might not even be based on TA. It might be based on some simple profit skimming scheme combined with a scheme for loading up at times. I don't know, I don't know how a guy who has outperformed the market for say, 10 years does it. Or if such a person even exists. But if there is a God in heaven, and I get to meet him, I want to ask him about that.

[Mtrader]

Amen Bro. Techchie voodoo only works backward.

[ogm]

No one ever really KNOWS . You look at the weight of evidence and make a decision one way or another.

[Douglas]

This is just child's play. Wait till people figure out what's been going on in China. We at least have some tranparency in banking. In China, it's who knows who banking with a spinkling of regulation just for flavor. I'm not sure what will be the can opener for that can of worms, but I can tell you Black Hawk Bubble Ben and all his merry men won't be able to discount cut, fed funds cut their way out this coming mess attraction. Busting that world class bubble may take years, though, and as long as they're playing the music, I'm going to keep dancing. When the Tango stops, though, you better grab a chair fast.

[johngeorge]

http://ml-implode.com/

"Only 16 hedge fundds have imploded. so far. since mid 07.

Nimbleone
The Fed is determined to wipe out the bank competition and they are doing a great job of it. They wont stop, even if that means recession, until all competition is emasculated or gone and banks again rule the roost for lending.
Regards China; reminds me of Japan Inc. from time past along with their banks. Give it time and USA will be on top of the heap again. Recently I have read and seen articles and stories regarding Japanese and other foreign consumers wanting to buy MADE IN USA products. Much better quality than Chinese stuff.
Best to you

[uncleharley]

There seems to be a lot ofstressed out people on the board today. Especially for a holiday.

[pdx5]

I just came across an article which basically said that the next 40 days are critical. In the past (1929, 1987, 2007) the major declines took place 60 days AFTER new highs were made. So, either the market makes new lows in October or it is to da moon we go. BUT YOU ARE SO RIGHT.....NO ONE FREAKING KNOWS.....except we do know one thing for sure for sure....and that is the central banks will not hesitate to either inject more credit into the system -or- lower rates, when things come to a boiling point. That can't stop the market decline on a dime but it will eventually support the market.

Edited by pdx5, 04 September 2007 - 11:14 PM.