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Post by huh on Sept 15, 2016 13:21:44 GMT -5
I don't think anyone has been more wrong than Peter Schiff. When I get something wrong I many times think to myself, "Oops, I Schiff'd it!" I think he's right about many of the underlying fundamentals, but it hasn't mattered as far as trading goes. What he doesn't get is this: he thinks the Fed has been and is making mistakes with the policies and going to pay for them later. I feel the Fed knows exactly what they've been doing and, when the pain does come, the Fed will be able to use ignorance as an excuse - and people like Schiff will be their cheerleading 'alibis' (while banks load up their own shares at the lows using money the Fed's 'mistakes' provided them)
Someday the market will drop hard and he'll take his bow.
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Post by jacksrbtr on Sept 15, 2016 13:26:38 GMT -5
I don't think anyone has been more wrong than Peter Schiff. When I get something wrong I many times think to myself, "Oops, I Schiff'd it!" I think he's right about many of the underlying fundamentals, but it hasn't mattered as far as trading goes. What he doesn't get is this: he thinks the Fed has been and is making mistakes with the policies and going to pay for them later. I feel the Fed knows exactly what they've been doing and, when the pain does come, the Fed will be able to use ignorance as an excuse - and people like Schiff will be their cheerleading 'alibis' (while banks load up their own shares at the lows using money the Fed's 'mistakes' provided them) Someday the market will drop hard and he'll take his bow. When I see or hear of Schiff I think "Snakeoil salesman" and that's all: Buyer of his Bullshit Beware.
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Post by huh on Sept 15, 2016 13:46:56 GMT -5
walnut Did you notice that VIX scams are not down as much as the near month VX_F, yet they're not in backwardation either. What do you make of that, if anything? (BTW, saw your performance post before you deleted it - nice job)
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Post by birthmark on Sept 15, 2016 14:02:14 GMT -5
Big volume on AAPL. THink we get over 116 going into next week.
GL
You're gonna look like Nostradamus Huh!!
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Post by huh on Sept 15, 2016 14:06:30 GMT -5
...You're gonna look like Nostradamus Huh!! Was that supposed to be a compliment?
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Post by walnut on Sept 15, 2016 14:13:30 GMT -5
walnut Did you notice that VIX scams are not down as much as the near month VX_F, yet they're not in backwardation either. What do you make of that, if anything? (BTW, saw your performance post before you deleted it - nice job) Yeah, too braggy, I think this trade is very vulnerable to a jinx as your VIX post above demonstrates haha I think that a lot of powerful participants are expecting more of a drop and are feeling confused about these bounces. VXZ dropped over 1/3 as much as VXX did today which is a little unusual, but I don't know what to make of it.
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Post by walnut on Sept 15, 2016 14:18:59 GMT -5
I love those click bait headlines that say Dow 50,000 ... I want to believe, how cool that would be.
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Post by walnut on Sept 15, 2016 14:23:16 GMT -5
...You're gonna look like Nostradamus Huh!! Was that supposed to be a compliment? Or more like
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Post by jacksrbtr on Sept 15, 2016 14:23:48 GMT -5
I love those click bait headlines that say Dow 50,000 ... I want to believe, how cool that would be. NOVI - DO NOT READ THE FOLLOWING: Isn't that (Dow 50K) one of that other snake oil salesman's predictions? Armstrong - the convicted felon do they let that guy vote now too?
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Post by jacksrbtr on Sept 15, 2016 14:25:20 GMT -5
Was that supposed to be a compliment? Or more like Please don't confuse Nostradamus with Rasputin I have a hard enough time as it is now.
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Post by jacksrbtr on Sept 15, 2016 14:32:45 GMT -5
...You're gonna look like Nostradamus Huh!! Was that supposed to be a compliment? Nice tweezed eyebrows (NOT that I'm into that sort of thing...)
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