Pretzel Logic Posted March 27, 2009 Report Share Posted March 27, 2009 The title has nothing to do with anything (other than the obvious: cheese, which could also describe this market), I was just tired of waiting for someone else to open M2M. Link to comment Share on other sites More sharing options...
Pretzel Logic Posted March 27, 2009 Author Report Share Posted March 27, 2009 Trying to find an Elliott Wave count here is a bit like trying to find someone Paris Hilton hasn't annoyed. I'm viewing it as a 5th wave ending diagonal for the moment, but I have no idea if that's right. Link to comment Share on other sites More sharing options...
swordfish Posted March 27, 2009 Report Share Posted March 27, 2009 The title has nothing to do with anything (other than the obvious: cheese, which could also describe this market), I was just tired of waiting for someone else to open M2M. thanks. kudos... BTW maybe you miss it (news) Europe fetches the monetary helicopters, at long last Rejoice. After much pious posturing ?€“ and criminal wastage of time ?€“ the European Central Bank at last seems ready join the Anglo-Saxons, Japanese, Swiss, and Isrealis in printing money to fend off disaster. http://www.telegraph.co.uk/finance/comment...-long-last.html and good answer to that (in comment section) I think that all point towards the real problem - DEBT! Household and government debt is at catastrophic levels. In this article Ambrose you appear to be the physician, who, when faced with a patient who complains of a headache suggests two aspirin three times a day and come back in two weeks. The real CAUSE of the headache is however a large and expanding brain tumor! I think you need to explain to the above contributors how printing money solves the household and sovereign debt problem. My own view is that households and governments have taken more out of the economy than they have put back � the difference appearing as debt. Consequently at its most fundamental level this is a crisis of wealth � a collapse of household and sovereign net worth. Consequently by printing money we have more cash representing reduced levels of real wealth. How can this be anything other than inflationary? Also why should bankers who have more printed money in their vaults now suddenly abandon prudence and start lending to companies and individuals who increasingly look unable to repay anything? Was not such a slack banking approach exactly what got us into this mess in the first place? No wonder bankers now err on the side of caution. Surely the way out of this mess is for households to reduce debt by reducing consumption, (they are already doing that) and governments to reduce debt by reducing consumption (they are not doing that). There will of course be a major reduction in aggregate demand and pain all round but at least household and sovereign debt has a chance of going down. And debt going down is a necessary precondition to renewed and sustainable wealth creation � the real issue here. I think that populations are ready for hard times in order to reduce debt � what they find unacceptable is hard times that do not solve the debt problem. Ambrose there is no higher logic at work here � no secret money printing formula which only the illuminati and not the man in the street can understand. The answer is plain and simple as your contributors have said - DEBT reduction and the biggest binge drinker of debt is the state. Link to comment Share on other sites More sharing options...
swordfish Posted March 27, 2009 Report Share Posted March 27, 2009 yesterday news: Pimco says Fed needs to double balance sheet to $6 trillion to ‘replace the amount of wealth lost’ http://www.reuters.com/article/newsOne/idUSTRE52P1H920090326 My simple question: Does the FED has any LEGAL right to print how much they want? Is there any limit? Link to comment Share on other sites More sharing options...
Trader Joe Posted March 27, 2009 Report Share Posted March 27, 2009 So now. There's PB&J all over my television and a broken plate on the floor.... BWAHAHAHAHA Link to comment Share on other sites More sharing options...
Trader Joe Posted March 27, 2009 Report Share Posted March 27, 2009 yesterday news: http://www.reuters.com/article/newsOne/idUSTRE52P1H920090326 My simple question: Does the FED has any LEGAL right to print how much they want? Is there any limit? [1] Yes [2] No Link to comment Share on other sites More sharing options...
DrStool Posted March 27, 2009 Report Share Posted March 27, 2009 In Philly we say the cheeseSTEAK stands alone. If you're ever in Delray Beach, there's a Philly guy downtown at the corner of NE 5th Ave and Atlantic who imports all his ingredients from Philly. It''s called Big Al's Steaks, and you can get a really great cheesesteak there, as good as any in Philly. http://www.bigalssteaks.com/home.html Link to comment Share on other sites More sharing options...
Bungster Posted March 27, 2009 Report Share Posted March 27, 2009 No more chicken for the next 3 to 5 trading days... Only beef and pork... Link to comment Share on other sites More sharing options...
Trader Joe Posted March 27, 2009 Report Share Posted March 27, 2009 Fart-aroma had the CEO of Legg Mason on....the guy was talking about the closed end funds they plan to develop that will invest in the legacy crap the banks are selling.... What a friggin' snake....should of seen the grin on the face of that satanic pricks face.... CEO: "Great opportunity for the general public!" Fart-aroma: "But these assets are impaired, what if they continue to loss value?" CEO: "Well, let's not look at it that way, I prefer a more optimistic view, all of these assets are paying interest and principal" Link to comment Share on other sites More sharing options...
joe3pack Posted March 27, 2009 Report Share Posted March 27, 2009 pulled out the retrosigmoidoscope to guess at a possible future, one in which john connor sends back. . . no, wait, wrong script. in some ways, the current chart looks similar to the oct 2002 morphologies. i don't think we're anywhere near as close to the end of the beer/bear market as we were in late 2002--it's just that the SPX chart and its attendant divergences have a similar look. bottom line guess: bears need to be careful about doing the bearish thing. i'm planning on not entering many bearish positions during the next month, and if i do, i'll be sure to stand near the frakkin' exit. Link to comment Share on other sites More sharing options...
Trader Joe Posted March 27, 2009 Report Share Posted March 27, 2009 This place is doing foreclosure sales online EBAY style...pretty kool http://www.auction.com/auction_details_onl...ctionID=H-067PO Link to comment Share on other sites More sharing options...
joe3pack Posted March 27, 2009 Report Share Posted March 27, 2009 is this what we're talking about? Link to comment Share on other sites More sharing options...
Bungster Posted March 27, 2009 Report Share Posted March 27, 2009 pulled out the retrosigmoidoscope to guess at a possible future, one in which john connor sends back. . . no, wait, wrong script. in some ways, the current chart looks similar to the oct 2002 morphologies. i don't think we're anywhere near as close to the end of the beer/bear market as we were in late 2002--it's just that the SPX chart and its attendant divergences have a similar look. bottom line guess: bears need to be careful about doing the bearish thing. i'm planning on not entering many bearish positions during the next month, and if i do, i'll be sure to stand near the frakkin' exit. J3PK, I'm looking for a couple 3 or 4 days of bears shaking the trees during the next week. Then I'll magically morph into a girly bull with all the other girly bulls.... Link to comment Share on other sites More sharing options...
joe3pack Posted March 27, 2009 Report Share Posted March 27, 2009 bung, where'd you get that pikchur of abby? Link to comment Share on other sites More sharing options...
jickiss Posted March 27, 2009 Report Share Posted March 27, 2009 jickiss is back! jickiss is back! and yessss, it would be better to say "The Cheese Steak Stands Alone, Higher than all the other food forms!" (Of course, a minor Question: Are Cheese Steaks Heart Healthy??????? Are Cheese Steaks more damaging to your Hearts than failed EW counts?) "There must be some way outta here" (from the Old Song) but who has the answer ??????? anyway, here is the Stock of the Year, aka, CDE, 3% by 3 box, point and figger basis.....HooHA! review and Hold Fast to all of your CDE. The new target will be $500, after the Reverse 10 for 1 split. regards to all! jickiss!!!!!!!! Link to comment Share on other sites More sharing options...
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