I find your interest in the markets admirable, I wish I started when you did. You will do great! You have lots of time to figure this out. If you can get anything out of Chickboy, he's the one to go to for information. He doesn't give out info very often but when he does it's useful.
I was half joking. But it is extremely strange. Im only 24 ive only been in this game for 5 years Ive never seen anything like this week. Ive read every book as well I've never heard of a market going up faster than it goes down.
Sheep, didn't you say in another post "i didn't know that the market goes up faster than it goes down" maybe I'm mistaken. But it might have been humor which I did find funny when I read it.
The crack-up accelerated this fall with some undocumented shopping in memory of the late Michael Brown. Chaos in Democrat-run cities like St. Louis and Oakland does little to burnish the Democratic brand with voters. In Pat Buchanan’s recent memoir The Greatest Comeback, he recounts how at the Democratic Convention in August 1968 he and Norman Mailer stood together watching the liberal ruling party destroy itself as hippies battled Mayor Daley’s cops in the streets of Chicago. As part of the 1964 Democratic ticket, Hubert Humphrey had won 61.1 percent of the vote. In 1968, he earned only 42.7 percent.
The 2014 crack-up gathered more momentum over the last week as the U. of Virginia swindle cratered in humiliating fashion for the central wielder of the Megaphone, the New York Times. After obediently promoting the Obama Administration’s “rape culture” talking points, the Times was left dumbfounded when it turned out that handsome “Drew,” the organizer of the seven-man shattered glass initiation rite, doesn’t—to get all technical about it—exist.
Instead, Jackie had made him up, using phony text messages to induce jealousy in her let’s-just-be-friends friend “Randall.” (This is a variation on “catfishing.”)
The Washington Post broke this news a week ago by asking the three friends vilified in Rolling Stone by Sabrina Rubin Erdely for a look at their text messages. The Washington Times confirmed it this week by demonstrating that the texts received by “Randall” were sent via a spoofing website.
Is this the dumbest national media whoop-tee-doo ever: to be fooled for weeks by a silly, lovelorn teen’s machinations?
There has been some debate over who is to blame for what my commenter candid_observer aptly calls “Clusterfake:” Jackie, her fellow UVA rape activist Emily Renda, reporter Sabrina Rubin Erdely, or Rolling Stone magazine?
Republicans do best among the married and content
The Progressive crack-up of late 2014 began in early November: the voters rejected the Democrats’ “Coalition of the Fringes” campaign themes of Ferguson, feminism, and foreigners. It worsened with the shameful Michael Brown riots and the ludicrous fraternity gang epar libel, which has reached hilarious new heights over the last week.
The candidacy in 2012 of the exotic “blank screen” Barack Obama had papered over the obvious cracks in the Democrats’ confederacy of the margins, an alliance united largely by resentment of core Americans, such as white-bread paterfamilias Mitt Romney
The embarrassing events of recent weeks have reiterated another problem the Democrats face with trying to assemble peripheral people into a majority (beyond the obvious difficulties of reconciling the interests and values of, say, black church ladies and Wellesley College gender#$%$). This fringe coalition is fragile in another sense as well: if the underlying engine of your politics is hate (as suggested by all these hate hoaxes that are the KKKrazy Glue of the Obama coalition), you are going to attract and excite a lot of psychologically fragile fringe personalities. And they tend to repel the normal and healthy.
My best guess is we inch higher towards year end and make a new high near 2100 because the js need to buy stocks and convince their sheep they have been long this entire year. and then a 20 percent sell off starting in january that will bottom in march followed by huge action by the fed.
If you are a long term invester you have to buy gold and silver. If you are a short term trader just buy some march and feb puts at whatever strike the stock you hate the most is at right now. Save some ammo for December 31st though. The js will sell in January
Those guys are terrorists in Yemen that steal people's money and give it to ISIS.
Racer, we all know how this will end. It's not all doom and gloom. The economy is picking up. My drive to work is hellish now. There are so many people on the road it's ridiculous. I kinda miss the years right after 2008 meltdown. What a pleasure it was to drive to work.then. No one on the road. But I'll take it if it means better days.
As a chartists and opportunist, I am watching the NYA which has two competing set-ups now, both with their own ramifications. First, the death cross of the 50dma below the 200dma recently, occurring right before oil's crash below ~$70; bearish. However, we have a near perfect inverse head and shoulders pattern, couldn't be more obvious or glaring, with the neckline just below new all time highs; bullish. Finally we have a gap below from wed/thurs that needs filling... if that gap fills and the level holds, I'll go long again. If we just go higher from here, then I'll miss the rally unless the S&P breaks through to new al time highs on VOLUME, which would be another buy signal, since the MACD on the NYA appears to want to turn positive again.
that's my plan, do whatever you want, but I am leaning towards the latter scenario
OOPS on the thumbs down. Sorry.
And the channel changer was way on the other side of the room. Switching channels was my daily exercise until my children were old enough to do it for me.