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  • #319,061
  • Nov 3, 2010 7:44pm Nov 3, 2010 7:44pm
Quoting druckenmillr
My response might be... really... if it worked so well the fist time then why are we doing it again?
http://en.wikipedia.org/wiki/Stanley_Druckenmiller

"According to the Wall Street Journal, on August 18th, 2010 Druckenmiller "told clients that he's returning their money and ending his firm's 30-year run, citing the 'high emotional toll' of not performing up to his own expectations." He indicated it was not easy to make big profits while handling very large sums of money."


I know all about the high toll, Stan - I feel your pain.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #319,062
  • Nov 3, 2010 7:48pm Nov 3, 2010 7:48pm
Quoting PriceVolume
Unless you're already in from the nosebleed section, I'd wait until you see the S&P begin to sell off....charts are pointing that direction, but has yet to materialize....

Probably not a bad idea. As much as I hate to say it, I think things are going to get pretty bad in the US in the upcoming months. Quantitative easing didn't work the first time around and it won't work the second time either. Everything Bernanke does is a temporary fix to a long term problem. But hey, it's all about politics. They could care less if the world explodes next term as long as they look good while they're in office.
  • #319,063
  • Nov 3, 2010 7:56pm Nov 3, 2010 7:56pm
Quoting Awesome
Probably not a bad idea. As much as I hate to say it, I think things are going to get pretty bad in the US in the upcoming months. Quantitative easing didn't work the first time around and it won't work the second time either. Everything Bernanke does is a temporary fix to a long term problem.
The good news is Uncle Ben doesn't have as much latitude, situationally. 600 Billion plus the change isn't what the market was looking for...more like in excess of 1 Trillion, just for what is already in the mix. Even though, as Gator pointed out, 'ole Ben doesn't have to explain himself to Ronnie boy yet.....I'd wager that given the change in the political wind he might just decide to reign himself in out of self interest. Otherwise, he could very well face criminal charges down the road (not to say he won't anyway), once the full impact of what he has done is apparent, and the truth comes out. As for Europe.....they're on the street. They've been on the street. And as the export orders that boomed with Euro at 1.18 begin to dry up - it is evitable that once again, the exports will begin to suffer....along with everything else.

Of course, this is all just bullshit speculation on my part until it materializes. I do have money on it though.....even though I don't think the bulls are completely finished. What puts a spring in my step, though, is the full knowledge that for the first time in, like, forever....there is a perfect storm which could well result in the demise of the Federal Reserve.......
  • #319,064
  • Nov 3, 2010 7:58pm Nov 3, 2010 7:58pm
Quoting druckenmillr
Bernanke, in an opinion article for the Washington Post released late today, said the purchases should boost economic growth through lower borrowing costs and higher stock prices and that concerns about the strategy are “overstated.”

++++++++++++++++++++++++++++++++++++++++++

Maybe it's just me... but there seems to be a bit of a disconnect here.

Firstly... there aren't that many middle class Americans that have enough stock in their expansive portfolio that would benefit much from another 15% rise in the DOW.

Secondly... if I'm afraid...
This collapse was Manufactured & so is what he is doing now, what we should all be doing is screaming for the Arrest & Criminal Prosecution of all of them. The low rates are for Depleting anyones savings because if you cant eat you start spending your savings, you cant bankrupt the middle class wealthy or even the lower end Millionaires unless you can stop their savings from keeping them afloat!
  • #319,065
  • Nov 3, 2010 8:03pm Nov 3, 2010 8:03pm
Quoting PriceVolume
Of course, this is all just bullshit speculation on my part until it materializes. I do have money on it though.....even though I don't think the bulls are completely finished. What puts a spring in my step, though, is the full knowledge that for the first time in, like, forever....there is a perfect storm which could well result in the demise of the Federal Reserve.......
yeah, it'll be swell when US monetary policy is set by Congress.

Congress.

Really?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #319,066
  • Nov 3, 2010 8:06pm Nov 3, 2010 8:06pm
Quoting The Fool
yeah, it'll be swell when US monetary policy is set by Congress.

Congress.

Really?
Yeah, I know....but you prefer the Fed? Really?
  • #319,067
  • Nov 3, 2010 8:09pm Nov 3, 2010 8:09pm
Quoting The Fool
http://en.wikipedia.org/wiki/Stanley_Druckenmiller

"According to the Wall Street Journal, on August 18th, 2010 Druckenmiller "told clients that he's returning their money and ending his firm's 30-year run, citing the 'high emotional toll' of not performing up to his own expectations." He indicated it was not easy to make big profits while handling very large sums of money."


I know all about the high toll, Stan - I feel your pain.
let them trade their own capital.

see how they do.

stan
  • #319,068
  • Nov 3, 2010 8:09pm Nov 3, 2010 8:09pm
These yellow lines are my support lines.
They look yellow to me.
I am not sure which one it will be.
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  • #319,069
  • Nov 3, 2010 8:10pm Nov 3, 2010 8:10pm
Do you know 1.4444 is a big number?
The Thief of Wall Street
  • #319,070
  • Nov 3, 2010 8:10pm Nov 3, 2010 8:10pm
Quoting PriceVolume
The good news is Uncle Ben doesn't have as much latitude, situationally....

Yep, not sure if it's ignorance or they just don't care (guessing they don't care cause Bernanke, Geithner and the like are pretty smart guys). I would imagine they are aware of the implications of what they are doing. Anyway, I agree. If euro continues to move higher or even at these prices, you can count on huge declines in exports. As goes Europe's economy so goes the US and global recession. It's difficult though because everything in the world of currencies is relative. I'm pretty certain the US is fucked and I'm pretty certain Europe is fucked... but who's fucked more?
  • #319,071
  • Nov 3, 2010 8:11pm Nov 3, 2010 8:11pm
Quoting druckenmillr
let them trade their own capital.

see how they do.

stan
Where's the sweet spot? How much is too much?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #319,072
  • Nov 3, 2010 8:12pm Nov 3, 2010 8:12pm
Quoting Chicky
Do you know 1.4444 is a big number?
me?
no i didn't know, i found it experimentally.
http://www.forexfactory.com/showthre...08#post4145508
  • #319,073
  • Nov 3, 2010 8:14pm Nov 3, 2010 8:14pm
if 4107 don't hold we will probably see 4041 or murry 4038
those who can, do. those who cant, talk about those who can
  • #319,074
  • Nov 3, 2010 8:17pm Nov 3, 2010 8:17pm
Naptime for me.....trailing stops will figure out the rest of this trade. Good luck.
  • #319,075
  • Nov 3, 2010 8:18pm Nov 3, 2010 8:18pm
Quoting gatorinla
if 4107 don't hold we will probably see 4041 or murry 4038
Watch 4074 in the small timeframes if we get there...
  • #319,076
  • Nov 3, 2010 8:18pm Nov 3, 2010 8:18pm
Quoting Awesome
Yep, not sure if it's ignorance or they just don't care (guessing they don't care cause Bernanke, Geithner and the like are pretty smart guys)....
its in the game plan.. china will not raise its currency. so u.s. will force them to with inflation. if they don't their bubble pops. then you got a billion pissed off guys w/o a women full of viagra.
those who can, do. those who cant, talk about those who can
  • #319,077
  • Nov 3, 2010 8:19pm Nov 3, 2010 8:19pm
Quoting The Fool
Where's the sweet spot? How much is too much?
when you can't hear yourself think from all the bitchin.

stan
  • #319,078
  • Nov 3, 2010 8:21pm Nov 3, 2010 8:21pm
Quoting PriceVolume
Yeah, I know....but you prefer the Fed? Really?
10-4
"If The Fool persists in his Folly he will become wise." - William Blake
  • #319,079
  • Nov 3, 2010 8:22pm Nov 3, 2010 8:22pm
Quoting druckenmillr
when you can't hear yourself think from all the bitchin.

stan
if they ever call tweet email or drop by I cut em loose
"If The Fool persists in his Folly he will become wise." - William Blake
  • #319,080
  • Nov 3, 2010 8:23pm Nov 3, 2010 8:23pm
So Goldman Sachs was saying $4 trillion on 25 OCT 2010 in QE but now we know that the FED is only going to do $600 Billion. Shouldn't that count as a miss by them?
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