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MightyMouse

Market Wizard
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Everything posted by MightyMouse

  1. True the fed has increased the money supply consistently since the 1920's. The net effect, to the government, is a decreasing value of the money that we borrow and never pay back, but are supposed to pay back.
  2. ZDO, et al, There is only one thing in Trump's head. It is the only thing he knows how to do and it was the very first thing he said he would do: To fix the American brand because it is broken. Fixing the American Brand is what will "Make America Great Again". He wants corps to bring their business back, to keep them from leaving, and to make America the place to domicile your business if you are looking for a place to establish yourself. Given the above, and the potential success and failure of each of the admins "improved" policies, lays a sea of opportunities for those with vision, balls, and a buck.
  3. jpennybags, Trump is not politically correct. Trump is not conventional. Most of what the world knows about Trump they nether saw nor heard with their own eyes and ears; instead, it was crafted by the liberal media. Trump is the most successful person to enter the White house as POTUS.He has had businesses that have gone bankrupt. Neat trick to still be a billionaire. As a trader one must respect his ability to take risk without losing it all. As a far as one could be qualified to be POTUS before being POTUS, Trump is the most qualified we have seen, or, using others as benchmarks of qualification, he is overqualified. "Oh yeah? He'll see how hard it is when he is finally sworn in." Trump will be underwhelmed. We (USA), under the DJT regime, will have rising interest rates, deficits, and GDP. All 3 normally indicate higher volatility in markets. The rest of the world will feel the ripples. Traders will get rich. The liberal media won't know this or share this.
  4. I was thinking it might be a leffist lie to prepare for a possible substitute if wikileaks had more damning information about her.
  5. The residual effects of your morning routine could lead to unintended consequences and possibly a dysentery death. Thoroughly clean your hands after you scratch your ass and before you think or type.
  6. Some short term pain, maybe. Long term UK will be better off. Smaller is always better and less risky.
  7. They use an incredible amount of leverage (look at bank stocks roe and roa) beyond the next time there is another disaster that they need to be bailed out of, losing more money than they made since the last disaster. This is true in spite of the cheating, insider trading, and other, categorically, unethical practices. It's not about employing profitable strategies; instead, it's about putting as much money in your pocket right now with no concern for tomorrow. You'd be shocked to see how carelessly these mega-$bilion institutions are managed. Pointing it out would get you fired.
  8. The market is an asylum. S&P trading in 2007-2008. I completely agree that CC is guaranteed. The greatest, but not the only unknown is when. Then what will CC look like when it happens? PM, up for certain. But, will other things go down by more than PM goes up? We can assume that we know. But what we know is only a narrative of one form or another.
  9. Seems like you had a good time. Also seems like you have largely been in the right place at the right time, what is a few blow ups amongst friends, but I don't have the details nor do I query your integrity. I will state that a hedge, partial or not, neutralizes, partially or not, the underlying position for the periods that one is hedged. Hedging, then, a good, I suppose, becomes a bad if the hedge is entered at the wrong time or entered wrong too many times. A blow up, ineradicably in my mind, is not something that you recover from. You can only do it once; hence, you never blew up if you are still here.
  10. "They" busy themselves with meetings and conferences, impress themselves with their credentials then take credit for positive things that happen and explain away events that were not positive. As in, " there was no way that we could have seen that coming".
  11. Shorts are covering. So, I don't want to be short gold. I can't get myself to be long anything other than equities, which I am no longer long. A perception of a crisis will lead to many other short opportunities. Gold was a very tough market to make money short for me. I netted some overall but got chopped up. Risk vs Reward, I should have stayed away.
  12. The perception of crisis was missing since 2009 I feel the perception of crisis is rising. I am not suggesting that we will have a crisis. I have very strong opinions about the 2008 crisis that do not match up with the well known narrative.
  13. I think we may have a crisis brewing. Corporate defaults are turning up, consumer credit is at a high, consumer defaults are turning up, the deal mill has come to a grinding halt, corporate credit lines are being denied. If this continues, gold becomes a long play. There isn't a whole lot that qe4 can promise but we will see more qe. I have no position but I do not want to be short right now.
  14. You are not giving enough information, and probably shouldn't in an open thread, on your particular situation to be able to answer your question. I will share with you that I do not think that putting your retirement money at risk when you are retired is a good idea at all if you need the money in the IRA to live on.
  15. Anyone need butterfly bandages?
  16. Full disclosure, I was short, added 2 times and got all of it stopped out at 1076 the first time it moved back into the 1070's. Nothing more than a cost covering gain. And, I haven't bothered since. Go big or go home.
  17. A lot of money can be made catching the knife the right way. It can be messy if one catches it the wrong way.
  18. These are great days for trading the emini. Knife catching is more of a low-volatility game and will get you killed in this market. A better entry is to use Sell and Buy stops to enter into the direction of a move. Don't bother trying to catch a top or bottom.
  19. That is why 2 dimensional conversations suck. I am certain none of us want to be around after the next carnage- with or without assets. How about 2029 ?
  20. Decent article. I will buy the philosophical perspective, but I wouldn't buy it to be used since it won't a make me a dime; in fact, it will lose me many dimes. It doesn't matter for the here and now what the price of silver could or should be. The PM derivatives markets are HUGE. Oh yes paper supply, but that is only one side of it. There is unprecedented demand. Media driven demand. As long as there is demand, the supply will keep coming. Jean-Batiste Say need not worry. Everyone knows the free world is going to collapse and everyone has purchased paper PMs to hedge because it is the smart thing to do. They don't need physicals; paper will do because they know that when the world (USA) collapses, the Fed will step in again and rescue the day. A busy marketing manager of a local mid size corporation, who busies his day on 13 to 21 very intense conference calls, is in on the coming move in PMs. He has bought paper PM both directly or as a fraction of a well diversified value fund in his 401(k) and IRA account. He is fortunate to have both and asstute money managler and financial revisor to look after his best interests. It may very well be that the money manager made the trade because he got titties and beer from his pal at Morgan the night before, or that this sale gave the financial advisor enough sales to win the trip to Hawaii, but both are offering sound, prudent advice. All the philosophising in the world about where PM prices should or would be will not change the fact that if one is long silver or gold, he is currently on the wrong side of the market. One who is long is betting the side of the sucker. 2 dimensional conversations suck.
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