POSTED 7/05/09: Apple sold more I-Phones and Mac's than people employed in South Carolina and the NASDAQ finished it's 10 STRAIGHT "UP" DAY and now working on the 12th straight UP day, the best run in 12 DAMN YEARS! The S&P finished the 1st half of this year with the best performance in 27 PUCKING YEARS! Go ahead, look-it up ... 27 YEARS! And the DOW, well it's up only 900 plus points since July 8th or was it the 10th? Unemployment is one of the biggest jokes (scams) going. Nothing more than corporate restructuring of dead-wood employees! Housing an ever bigger scam. A friend bought his house in 2004 for 300K, it appraised in 2006 for $700K and is worth $450 now ... a gain of $150K in 5 years! Who is kidding who here ... Did Goldman Sachs pulloff the biggest scam in history with the help of Paulsen & those BUSH IDIOTS? Apparently! THERE IS NO DAMN RECESSION AND ANYONE WHO THINKS THERE WAS OR IS ... IS A COMPLETE FOOL! Thinking that we're in some kinda of pending economic collaspe is TOTAL BULL$HIT!
Dude.. you've always seem like a pretty nice guy.
The boys have *really* pulled the wool over your eyes. You are actually buying into all of this!
Lehman is gone. Bear Sterns is gone. Wachovia is gone. Washington Mutual is gone.
We have 9 trillion dollars in new debt. The mortgage defaults are at an all time high. The banks are on life support. We're still losing a half million jobs a month after 18 months!
I've barely scratched the surface...
Have they really fooled you to this degree? Cause a guy who bought a house in 2004 still has a little equity?
Wow!! You are going to lose like the ones who bought homes in 2007. You know the ones.... It's going up in value!! I'll refinance!!
You will end up losing like that in this market.
There you go again. Projecting your own situation onto others. You are the one who claimed losses on FAZ, then claimed you are just monitoring the board for sentiment.
Do you EVER tell the truth? Chronic liars have low self esteem. That's why they lie. They feel the truth is not good enough to be acceptable to others.
I know this will REALLY piss you off, but I have no losses from FAZ. It's tricky to trade, But I've done pretty well so far.
It was much easier money riding the Rally up from the March lows. Trading AIG, BAC, and C among others. But I feel the Market is toppy now. That's why I'm trading in and out of FAZ and cash.
See.... just telling the truth isn't so hard. Try it sometime. Life is much easier that way, and you might gain the respect of others, instead of being scorned.
Nuff said. I think this thread has run it's course.
Seriously, Best of Luck on your Trading! The Market itself is our real opponant, not each other. We're all just trying to make some money. EOM
If I understand you correctly, You got things assbackwards and upsidedown. No real recession?
Come on over here to Michigan where the Unemployment Rate they officially admit to is 15%.
I'll gladly take you over to Detroit where the Unemployment Rate they officially admit to is 25%.
Then I'll introduce you to some of the angry out of work "Brothers" Downtown so you can explain things to them.
I would love to see their reaction. If you make it out alive, and can still type, you can report everything back to the FAZ board.
You are a moron this is a recession of record proportions. The stock market has nothing to do with the recession because the market is foolishly looking ahead to a recovery that isn't coming. This market bubble like ALL market bubbles will come crashing down to earth.
I don't think you understand. The plan was "they" were expected to be there. just like the level of foreclosurers and the number of bank failures ... all part of the plan. If the banks were too big to fail before, now that they are even bigger how could it be possible to fail now? You are seeing the corporate restructuring of America that is being called a 'recession' ... nothing could be further from the truth!