Originally posted by Rockpuck
I honestly don't know where you picked up your economics.

Only from people with PhDs in economics (college, graduate school), and those who make a living off the markets (investment bankers, market analysts). There is always money to be made, but its even easier when panic ensues because people drop their rationality and buy/sell one emotions.

Originally posted by Rockpuck
You said the same thing after every sell off "oo a sale" ... How big did you make out after those "sales"? .. It doesn't make sense to buy a stock and then try and sell it within 1-2 days. I know people that do it, they make money, but thats not how the market was intended.

Who said anything about selling in one to two days? I'm in this for the long haul. I love when the stock market goes down, its a buying opportunity. Remember, you buy LOW...not buy HIGH. I know that over the long term the stock market is a good medium to use for retirement. We can hit DOW 5000 for all I care, I've got 30 years (or more, if I decide to be a professor) until I need to take the money out. The more it goes down now the more value I get out of it.

I have taken only a few opportunities to day trade when its obvious the sheeple were listening to the media and running around hysterically. I've found a good rule of thumb is to go against the crowd - when everyone talks about utter doom its time to buy and when MSNBC say things are looking up its time to sale. I don't have enough capital in terms of day trading to make a killing off of the doom and gloomers, but its been enough of a windfall to make me happy.

If it makes the doom and gloomers feel any better I also made a bit of money off of the "the DOW can never drop" sheep a few years ago. However...as ATS is full of the "the end is nigh" crowd, it seems like I'm an optimist. I'm just a opportunist, I benefit from the fear mongering doom and gloomers and the foolish optimists all the same. However, the day I see an optimist on ATS will be a strange day indeed.

Originally posted by ALightinDarkness

Overall, this is a blip compared to the 1970s or some of the other economic down turns.

[edit on 11-7-2008 by ALightinDarkness]

Greetings ALightinDarkness I have never seen yo0ur posts before but obviously from your prose, way of describing the current markets and your self styled "personality" on ATS can. I ask about the above WTF are you on about?

You state elsewhere you get your information from"Ph.D market Traders and the like" not verbatim.... you work in the industry? I used too to where to? the exchange, the floor, personal, corporate,? software maybe? where to in the industry. This information you get that is from these "experts" you mean you read the papers or got a college degree like me in a subject?

My financial Qualifications (separate to my degree which was in a another 2 subjects! :-)

FPC1,2,3,4, and the hallowed 5. competent advisor status, lapsed 3 years ago (couldn’t drive for one year so couldn’t go and ADVISE my clients had set up a client base but large area.) Ceemap (all uk based) SEC 1, 2, 3. competent trader status 4 yrs ago So as you will know from that I was in Banking, Real Estate and Securities, giving advise to clients on these matters.

I ask again WTF are you on about?


The reason IO ask this is that you are soo far off field from where every other person with any current WORKING experience of this field is that it is mind-boggling literally!

You thing this is the traditional fear mongering? This is no spin this is real and about to redefine the current meaning of "depressions" "stagflation" etc, as any analyst will explain to anyone the current market has never been seen before, so cant be predictably charted, but there is one thing for sure its going down and only that way.

I don’t like to rain on your apparent parade and new found Nexus but please quote some sources for the statements I Quoted you saying. Please from non partisan competent and respected non political sources, Because if you can its not been in the industry news, periodicals, gossips etc for the last 6 months.

3 of my friends in the industry in the UK have lost £40k basic or more, jobs with massive ote within the last 4 weeks all in the industry and related, one was a commercial banking Advisor, one worked for an Tax Specialist as a Auditor and another has lost his position as a trainer within the regulated environment of the UK industry (competence etc)

WTF are you on about sources please? You obviously have no contact with traders etc unless it is as part of a syndicate or through cable or something.

No Aspersions against you my friend its just that the entire attitude you seem to front on this issue is the one, that was used to spin people into buying more, getting more in debt, to pay people who speak like you huge amounts of money, whilst they still have the debt now and the rates are getting higher!

This is fundamentally not a Sub Prime problem, or inflation or oil, it s Personal Finance problem or rather personal debt problem by most of the West.

We are bankrupt and have to settle the books full stop.

PS its dangerous to tell a child it wont hurt his hand to put it in the fire if he hasn’t played with fire before! especially as the flame is getting hotter and the hospital further away!

Kind regards

Elf

I read somewhere that one "guru" had stated that we are in a "Bubble" driven economy.

Couple that with the fact that capital migrates westward..ie..babylon, Greece, Italy, Portugal, Spain,Britain, New York, California, Japan, China, Vietnam etc...

I would look into the next bubble. I would guess it to be a Chinese thing...as capital continues to flow "west".

I think the America bubble will burst.

If it does burst the big question would be how do we rebuild?

Or who will be the power behind the rebuild?

[edit on 12-7-2008 by whiteraven]

To what common end does the universal practice of the fractional lending policy of banks effectively translate?

Redistribution of wealth, although some call it the creation of debt, effectively, the wealth is moving from point "A" to point "B". Is it reasonable to believe that this 'eventuality' MUST have been foreseen by the international banking community. How is the existing wealth, which must have gone SOMEWHERE, protected?

Perhaps they have simply exercised a form of economic alchemy and changed the nature of the wealth into something we cant 'see'. Unfortunately I can only pose questions in the form of speculation.

Maybe one of you kind people can enlighten me?

Can someone tell me what impact this closing of IndyMac will have? I've driven by the bank a few times. I remember the building of the new location in Pasadena. I often wonder though if they knew they were going to be shutdown.

Oh yeah no problem, we will just keep filling the pool from the bath tub. This is only the beginning of this. It's not rocket science this has been explained and predicted for years. No one wants to beleive it. Ron Paul basically ran his platform off this idea. No one wanted to listen to him either. He was like the kid in class who has all the right answers,the teacher starts ignoring that his hand is up.

[edit on 12-7-2008 by Swingarm]

Originally posted by Swingarm
Oh yeah no problem, we will just keep filling the pool from the bath tub. This is only the beginning of this. It's not rocket science this has been explained and predicted for years. No one wants to beleive it. Ron Paul basically ran his platform off this idea. No one wanted to listen to him either. He was like the kid in class who has all the right answers,the teacher starts ignoring that his hand is up.

[edit on 12-7-2008 by Swingarm]

Yeah did you hear RP grilling Bernenke and Paulson the other day. Its on Youtube. Paulson wouldnt even answer his questions. They know our banking system is a joke and its socialistic in the fact that it transfers wealth from the poor to the rich.

But this is why people need to understand money they refuse to learn. Might as well join these thieves for the sake of our families till something changes. Im totally for getting rid of the FED but until that day comes it makes no sense not using this knowledge of how these crooks work for good use.