Hey man,
I will be dropping by to check your journal. I am intrigued about the "no system" approach. Good luck!
I will be dropping by to check your journal. I am intrigued about the "no system" approach. Good luck!
- #21
- Aug 26, 2010 5:33am Aug 26, 2010 5:33am
- Joined Mar 2009 | Status: I know that I know nothing | 2,780 Posts
- #22
- Aug 26, 2010 5:57am Aug 26, 2010 5:57am
Hey man,
I will be dropping by to check your journal. I am intrigued about the "no system" approach. Good luck!
You're welcome here any time, thanks for your interest
It's not exactly a "no system" rather then "following the market flow". I do honor fundies, TA and it's siblings but only for analysis purposes. Ones in a trading mode all that is left behind, no predictive stuff. Check the "Technical analysis fallacy" thread - that's pretty much where my approach comes from.
Regards
S
- #25
- Aug 30, 2010 9:13am Aug 30, 2010 9:13am
Actually my guess is that the DOW probably have not dropped enough yet for any concrete directions. And of course not forgetting those good company earnings. I got a feeling the double dip would not happen. I am personally observing the EU countries, if they go ahead and cut spending, it would be a diasater. As of last NY close, DOW fell below the 10k level, maybe more clues will surface.
Actually my guess is (what I think is most likely to happen, I should add a disclaimer to the thread, LOL) that FED will use the cheap treasuries to print big time should DOW/S&P really make a solid plunge. That seems to be one of the few weapons left - depreciate the dollar, boost production (effectively inflating their way out of the recession) and leave it for the generations ahead to deal with the debt burden. Funny enough that was supposed to be the idea of the Japs in the 90s and look at where they are now, struggling with deflation in hands and plunging exports. Comparisons are rarely fair so I would bet that's going to happen to the US as well, but it does look to me as if Ben's ready to start the heli again
The EU is another story. Or at least will be as long as the Euro stays cheep.
Rgrds
- #28
- Sep 6, 2010 9:19am Sep 6, 2010 9:19am
This is where the GBP was heading today. Which also puts together a large bunch of what life should be at all. No conspiracy or religion here (blind believes are not my thing, sorry), text is in the clip... just on top of my charts 
Inserted Video
- #34
- Oct 13, 2010 10:12am Oct 13, 2010 10:12am
Hey Mark
Actually my guess is (what I think is most likely to happen, I should add a disclaimer to the thread, LOL) that FED will use the cheap treasuries to print big time should DOW/S&P really make a solid plunge. That seems to be one of the few weapons left - depreciate the dollar, boost production (effectively inflating their way out of the recession) and leave it for the generations ahead to deal with the debt burden. Funny enough that was supposed to be the idea of the Japs in the 90s and look at where they are now, struggling with deflation...
If you have seen my posts over at that thread.... I ask a lot of silly questions...hope you don't mind
BTW, the reason I selected this post to answer is cause this is one of the hot topics which has been talked abt a lot at my work space. My opinion on this is that Though ppl tend to compare JPY situation with US ..they forget about difference in culture between both the countries.
Yes, BoJ pumped a lot of money to try and stimulate the economy..one of the issue not tackled was that in Japan there is a stigma attached to taking debts...they will take high rate loans from a loan shark but not a legitimate bank. There has to be an agreement that industrial growth aside...consumer spending is the biggest driver of an economy.
The sub-zero rates helped investors to borrow money and use it somewhere else but not the people.
In contrast, in US people are high on consumerism (that sounds bad lol) so if cheap credit extended to people we might see a bounce up on consumer spending and economy stimulation. If you want proof...look no further than the cause of housing boom....American dream of "owning a house" coupled with easy (not cheap) credit...and see what happened.
The only question here is: If we follow the argument, US should have improved a bit from the last QE but if the money is not used to extending cheap credit to ppl ...no amt of QE can help.
Well that is my theory ...I am not an economist so I cud very well be wrong.
- #35
- Oct 14, 2010 4:38am Oct 14, 2010 4:38am
Feds got the problem right - liquidity dried up after the crash and trillions were wiped from the system and in today's financial system liquidity is everything so that money needed to come from somewhere. However solving the problem of too much debt and consumption with more debt and consumption while destroying middle class' saving in the mean time and paying all that debt forward to our children... you get the picture
That being said we are not the people to judge Ben, he should be high enough in his helicopter to see the big picture - what path he chooses to take is his decision and he will probably pay the price for that. What we should do it assess, build a sound strategy, execute, make some good buck. Simple as that, LOL
P.S. No problem with your questions, don't worry about it I rarely check around though, so don't be surprised if it takes some time for me to answer.
Rgrds
S
That being said we are not the people to judge Ben, he should be high enough in his helicopter to see the big picture - what path he chooses to take is his decision and he will probably pay the price for that. What we should do it assess, build a sound strategy, execute, make some good buck. Simple as that, LOL
P.S. No problem with your questions, don't worry about it
I rarely check around though, so don't be surprised if it takes some time for me to answer.Rgrds
S
Hey Setebos, saw your posts over at Domino's thread. Headed over to see what it is all about.
If you have seen my posts over at that thread.... I ask a lot of silly questions...hope you don't mind
BTW, the reason I selected this post to answer is cause this is one of the hot topics which has been talked abt a lot at my work space. My opinion on this is that Though ppl tend to compare JPY situation with US ..they forget about difference in culture between both the countries.
Yes, BoJ pumped a lot of money to try and stimulate the economy..one...
- #36
- Last Post: Oct 14, 2010 1:32pm Oct 14, 2010 1:32pm
Feds got the problem right - liquidity dried up after the crash and trillions were wiped from the system and in today's financial system liquidity is everything so that money needed to come from somewhere. However solving the problem of too much debt and consumption with more debt and consumption while destroying middle class' saving in the mean time and paying all that debt forward to our children... you get the picture
That being said we are not the people to judge Ben, he should be high enough in his helicopter to see the big picture - what...