Is this the BOTTOM of the equity markets???

This is a discussion on Is this the BOTTOM of the equity markets??? within the General Trading Chat forums, part of the T2W Archive category; Originally Posted by DaxDestroyer Yesterday, I read something quite interesting READ that ... sounds stupid, BUT is it??? I got ...

View Poll Results: Does the Bailout package mark the bottom of the equity markets???
Yes, absolutely! I am buying here! 9 12.00%
Yes, but I need more confirmation. 11 14.67%
I don't know/care. 10 13.33%
No, I will sell rallies. 40 53.33%
No, I sell ANY UPTICK! 5 6.67%
Voters: 75. You may not vote on this poll

Reply
 
LinkBack Thread Tools Search this Thread
Old Oct 3, 2008, 10:07am   #64
BSD
 
BSD's Avatar
Joined Feb 2006
Quote:
Originally Posted by DaxDestroyer View Post
Yesterday, I read something quite interesting

READ that ... sounds stupid, BUT is it??? I got this in an email, I think it's a great idea.... I ' m against the $85,000,000,000.00 bailout of AIG. Instead, I ' m in favor of giving $85,000,000,000 to America in a We Deserve It Dividend. To make the math simple, let ' s assume there are 200,000,000 bonafide U.S. Citizens 18+. Our population is about 301,000,000 +/- counting every man, woman and child. So 200,000,000 might be a fair stab at adults 18 and up..; So divide 200 million adults 18+ into $85 billion that equals $425,000.00. My plan is to give $425,000 to every person 18+ as a We Deserve It Dividend. Of course, it would NOT be tax free. So let ' s assume a tax rate of 30%. Every individual 18+ has to pay $127,500.00 in taxes. That sends $25,500,000,000 right back to Uncle Sam. But it means that every adult 18+ has $297,500.00 in their pocket. A husband and wife has $595,000.00. What would you do with $297,500.00 to $595,000.00 in your family? Pay off your mortgage - housing crisis solved. Repay college loans - what a great boost to new grads Put away money for college - it ' ll be there Save in a bank - create money to loan to entrepreneurs. Buy a new car - create jobs Invest in the market - capital drives growth Pay for your parent ' s medical insurance - health care improves Enable Deadbeat Dads to come clean - or else Remember this is for every adult U S Citizen 18+ including the folks who lost their jobs at Lehman Brothers and every other company that is cutting back. And of course, for those serving in our Armed Forces. If we ' re going to re-distribute wealth let ' s really do it...instead of trickling out a puny $1000.00 ( 'vote buy' ) economic incentive that is being proposed by one of our candidates for President. If we ' re going to do an $85 billion bailout, let ' s bail out every adult U S Citizen 18+! As for AIG - liquidate it. Sell off its parts. Let American General go back to being American General. Sell off the real estate. Let the private sector bargain hunters cut it up and clean it up. Here ' s my rationale. We deserve it and AIG doesn ' t. Sure it ' s a crazy idea that can 'never work.' But can you imagine the Coast-To-Coast Block Party! How do you spell Economic Boom? I trust my fellow adult Americans to know how to use the $85 Billion We Deserve It Dividend more than I do the geniuses at AIG or in Washington DC . And remember, The Family plan only really costs $59.5 Billion because $25.5 Billion is returned instantly in taxes to Uncle Sam. Ahhh...I feel so much better getting that off my chest. This would eliminate the need for the additional $700 BILLION, or we could just use the same philosophy for that and make all of us instane millionaires!

Click the image to open in full size.Click the image to open in full size.Click the image to open in full size.
__________________
Markus
Doing without doing
BSD is offline   Reply With Quote
Thanks! The following members like this post: DaxDestroyer , Bladerunner
Old Oct 3, 2008, 10:25am   #65
Joined Apr 2008
[QUOTE=DaxDestroyer;524620]
What I "would love" and what I trade are quite different things
Absolutely, but when i get rock bottom and system goes long then you pile in... simple
use both the head and heart!


My "problem" at the moment is: I was BEARISH from Feb. 2007 on and WE ARE HERE!!!

Well why were you bearish??? Did you use your head! LOL
I mean charts were not bearish, in fact they were bullish!

Imagine the dotcom boom! LMC nearly got into ftse! and BA was booted out of ftse!!!

QUOTE]
forex999 is offline   Reply With Quote
Old Oct 3, 2008, 10:33am   #66
 
DaxDestroyer's Avatar
Joined Dec 2007
DaxDestroyer started this thread [QUOTE=forex999;525022]
Quote:
Originally Posted by DaxDestroyer View Post
What I "would love" and what I trade are quite different things
Absolutely, but when i get rock bottom and system goes long then you pile in... simple
use both the head and heart!


My "problem" at the moment is: I was BEARISH from Feb. 2007 on and WE ARE HERE!!!

Well why were you bearish??? Did you use your head! LOL
I mean charts were not bearish, in fact they were bullish!

Imagine the dotcom boom! LMC nearly got into ftse! and BA was booted out of ftse!!!

QUOTE]
I don't know, which charts you are looking at

My charts were bearish and still are I have to admit.
Therefore I wanted to know about sentiment (ALL here are MEGABEARISH)
This makes me thinking the other way. But I don't buy until I don't have a signal.

I hope, it is clear now, what I wanted to say.

Take care!
DaxDestroyer is offline   Reply With Quote
Old Oct 3, 2008, 10:47am   #67
BSD
 
BSD's Avatar
Joined Feb 2006
I'm actually pretty optimistic about the prospects of the real economy for the near and mid term future, I'm not buying into the general doomsday scenarios making the rounds amongst the talking heads at this time.

I also don't think that the real economy is all too connected with the irrational exuberance or panic of markets.

The real economy and markets depiction of the former are about as connected as an hypochondriac's fears and the true state of their health imo.

;-)
__________________
Markus
Doing without doing
BSD is offline   Reply With Quote
Old Oct 3, 2008, 12:27pm   #68
 
DaxDestroyer's Avatar
Joined Dec 2007
DaxDestroyer started this thread
Quote:
Originally Posted by BSD View Post
I'm actually pretty optimistic about the prospects of the real economy for the near and mid term future, I'm not buying into the general doomsday scenarios making the rounds amongst the talking heads at this time.

I also don't think that the real economy is all too connected with the irrational exuberance or panic of markets.

The real economy and markets depiction of the former are about as connected as an hypochondriac's fears and the true state of their health imo.

;-)
At least the perception is by far worse than the real state EXACTLY the opposite to 2007
DaxDestroyer is offline   Reply With Quote
Old Oct 3, 2008, 12:34pm   #69
BSD
 
BSD's Avatar
Joined Feb 2006
Carlos, I agree with that.

Ah.

Human beings.

What can one say eh.

Everything is always just in the mind, it's all nothing but psychology.

Well, OK, at least 90%.

Anyone who wants to become a great trader should study psychology, NOT economics.

Econ just makes lots of opinionated noises, but isn't even a real science for all it's posturing.

;-)
__________________
Markus
Doing without doing
BSD is offline   Reply With Quote
Old Oct 3, 2008, 12:36pm   #70
 
DaxDestroyer's Avatar
Joined Dec 2007
DaxDestroyer started this thread
Quote:
Originally Posted by BSD View Post
Carlos, I agree with that.

Ah.

Human beings.

What can one say eh.

;-)
At least they are predictable
DaxDestroyer is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
this may not be the bottom..... titus-uk Stocks 1 Aug 28, 2008 12:42pm
UK direct-access brokerages for US equity markets? alientrade Direct Access 1 Mar 10, 2006 4:46pm
overnight equity data for US markets davelansing2004 Stocks 3 Feb 19, 2006 9:54pm
Greenspan and the American Equity Markets Uncle Educational Resources 1 Jan 5, 2001 6:44pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)