larry now down over 50% on this spectacular buy and hold. told you guys. once 34 is gone, then 28 and bounce. once 28 is gone, 14. since oil will continue to plunge, RIG's plunge can only accelerate. get ready for them to lower dividends. when it nears 14, im buying. maybe even at 16-18......
they will be taken over sometime in 2015 at $22-$24/share. and thats why you'd buy this pile of garbage as it approaches $14.
when i called the top, stocks dropped 10%.
3 days after calling the top, bango once again embarrassed. keep up the comedy hour. you are quite entertaining.
recessions occur every 4-5 years during the normal economic/business cycle. its been almost 6 years this time because of Fed interventions. can the Fed kill the economic cycle by printing money everytime there is a little weakness in the economy?
when the next recession hits, it will be worse than 2008. because this bubble/"expansion" is bigger than any other in history, built 100% on Fed's encouragement of malinvestments.
even with this ridiculous blowoff "top", im still only down 4K on current uvxy positions. after making 17K the 3 months prior......
so, im really not in trouble.
its not like i bought rig at 51 or gdxj at 45 or shorted nflx at 180......or bought gold at 1800.
told you guys it was going much lower. once it broke out of that wedge on the monthly chart, there was no support for it. long term investors bailed. and those that havent will soon be liquidating positions.
enjoy the drop to $60.
aapljack is a fat, lazy sack of feces who has never made a good trade or recommendation. except for your one good call........he's basically you.
bango just another pm honk that's po'd that i've made a killing when all else lose money in gold and silver.
suck it up, bango.
buzz has your back. he'll keep praising you for making a joke of yourself.
he did buy gold at $1800......
and he's an excellent cheerleader for larry and dez. as they continue to lose money.
Japan's been printing for 20+ years. and they've been in a depression for 20+ years as their stocks are still down 60% from the highs.
careful what you wish for.
all printing does is maintain a false illusion. printing does not cure the demographic problem of an aging population and declining birth rate as the bottom 90% can no longer afford to have more than 2 children, if any at all.
"markets" still in denial. they think they dont need the fed to print.
impossible to nail the timing, but this drift up will quickly be reversed. its been 2 weeks since the fed printed money. getting close to the point where "markets" meet reality.
according to your post, you bought F on Nov 15, 2010. at $17.40.
feel free to review your own post from that day. anyone can look this up.
come on, how can you not? buzz bought gold at 1800 and now deflation is setting in. as guts reminded is: gold is an inflation hedge.
and larry. long stocks since 1070. down 43% on RIG and 21% on F. he is flat on C and up 20% on GS. so, his "core 4" are down 10% as spx nearly doubled. and, lets not forget about his NFLX short at 180. he says he covered. he just doesnt remember the date or the price and his broker doesnt keep that info for him (LOL).
they need to keep rates as low as possible. we have near $18 trillion in debt. an increase in the 10 yr from 2.2 to 3.2% would add
we are morphing into Japan from the 90's. aging population and falling demand internally and globally. printing will resume at some point. gold wont recover because there wont be the capital to invest in it.
deflation will win. the Fed cant print people younger and the Fed cant force companies to hire people when demand for goods is dropping.
if printing 3.5 trillion (20% of the US GDP) doesnt accelerate inflation, does anyone think a shrinking Fed balance will create inflation?
pm's surged to bubble highs in 2011 as smart investors bought AHEAD of QE3. "buy the rumor, sell the news".
since QE3 was announced, gold has gone straight down.