Shanghai was up about 120% in 6-8 months.....now its down 20% in the last 20 days. They are telling people to keep calm, its not a scam.....dont sell......its going higher.......LOL. havent heard that one before have you rich?
After getting the facts rich about q1 I went to my favorite pump and dump board CNBC. Bad weather, strong dollar, low oil prices (LOL) and west coast port closures were all listed as reasons why Americans arent levering up more debt to buy chinese trinkets. All of those things I cynically said would be used as reasons for contraction long ago......scary how predictable the propaganda is getting bud.
Only another month or so until we hit 160 or even 240 eh? Best call of a lifetime I've ever seen.
i thought hosting World Cups and Olympics created lots of jobs and spurred lots of interest in your country.......no? Certainly once the entire rain forest is blazed over for buffalo wild wings/starbucks anchored strip malls Brazil will finally have prosperity.
GDP for Q1 is now negative rich. Some people....wink wink...said it was going to be negative. None of the pumpers in "financial media" (controlled by the fed and goldman) seemed to believe it was going to be less than 2% until about a week before the end of the quarter. Keep following their "advice"....it gets them lots of commissions and ad dollars!!!!
Now....they are predict 2 months out that Q2 is going to be 0.7% up......so that means -1.5 to -2.5% down after revisions at this rate. Best of luck!
really hope you got out of ugaz. Nat gas 2.71 and falling on record storage numbers today man......really....20% on dgaz in 3 weeks...how can you save for retirement not investing in "stocks". head scratcher.
Nat gas 2.777 this morning L2L......hope you got out of ugaz ;)......rich is still wondering how i knew it was going down and how you can make 20-30% in a month. hold CAT!
rich....go to bloomberg and search for "The U.S. is about to change the way it calculates GDP"......We will never have another negative GDP quarter.....rate hikes are coming man, they are coming, the GDP is going to be overheating from here on out. Making up numbers is all we have left to prove the FED/Central bankers can plan a society.
i have been in uw/dwti and u/dgaz all winter. Whats funny is I was 6 for 6 until this last UGAZ ramp.....so you must be doing fine, because I was in DGAZ from 2.88....LOL. That was a painful reversal losing 25% of my winter profits. Hope you got out in the 3s....cuz i think shes imploding back to 2.5-2.75 quickly. Good luck
rich, please, spin us the yarn about "fundamentals" and stocks. we are now almost 1 year longer in sales declines from when your stock cratered to $28 back in the good old days of price discovery. 29 months buddy? Say it aint so, the game is rigged? How is this possible to have such terrible data, such terrible macro economic data and be treading $90......be hitting all time SP500 highs? LOL.....remember 20 years ago when a 0.2% GDP number meant you lost 15% of your bread? I do.
~yawn~....rich, the fed isnt going to raise rates afterall....Whew....i was shaking in my boots just like in 2011, 12, 13, 14 when they said "possibly this year" they were going to raise rates. They cancelled junes rate hike. Well theres always october....2028.....for the first rate hike. Netflix and amazon PEs will be in the 10,000s by then, but hey, when you have a hot hand, dont cash it in.
In other news....the Fed is now convinced theres a pattern forming......"weak Q1 GDPs"...but really thats just weather in the post 2008 QE world according to them. Now.....ive been alive longer than 7 years, and I recall those go go 80s and 90s when weather didnt impact "any quarter". LOL......good luck in fantasy land everyone!
rich and corrupt have to get that money out somehow. $4T benny bucks is a drop in the bucket compared to ghost city, ghost mall, ghost train, ghost economy china. "this time its different"........good luck.
but but but they said low oil prices were good for xmas shopping which it turned out it wasnt. ~confused~. Apparently low oil prices and high oil prices are good and bad and bad and good. the talking heads really need to make up their mind on which it is and stick with it.
greenspan was responsible for the exponential stock bubble that started around 1995 and collapsed in 2008. Bernanke is the guy we all love for his endless money printing.
I used to believe it was going to fall hard, but the fed and other central banks are the market now so a malaise of unbelievable stick saves in perpetuity seems about right. No stock market correction of 10% has occurred since July 2011 incase anyone hasn't noticed, wink wink.
Recall in 2005 before he was the chief bernanke couldnt see any possible real estate bubble brewing on the horizon (from his ivory tower pouring over his phd papers on how to plan a society that is).
In 2011 bernanke said he saw no bubble forming in equities even though every mention of "QE" blew asset prices exponentially larger compared to underlying valuations of economic business. Guys like rich say....look 15 PE is a 1990s relic....30 PE is the new normal. go with the flow. CAT to 160-240 by july 28 2015 in the bank.
5/6/2015....5 years after the flash crash proving the market is dead.....granny says uh oh....bubble confirmed. LOL. good luck bag holders.
Q1 gdp negative on next revision? who wouldve called that 3 months ago wink wink.
miss the Q1 GDP report? 0.2% gain.....-3% if you back out inventory builds. Apparently the "economy" is dead and printing money is the only way to save us in the eyes of our financial leaders.
we never had "bad weather" before Q1 2014 in America. And the majority of people live in the "sun belt" but they cant shop when NY is under 20 degrees and snowing. It all makes sense. QE4 through infinity on deck.