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Thread: Recession?

  1. #1341
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    Quote Originally Posted by daryl bane View Post
    So I guess its official, the US economy is now a totally Govt' subsidized entity, and Wall St. is loving it. Does that make us "gasp" Socialist?


    Though, to be fair, the stories about literal fistfights over toilet paper in response to a respiratory disease have me re-thinking ethical egoism and a free society as a functional framework as well.

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    why yes, daryl.
    it kind o do.

    and what, like 80% of that socialization is going to still private entities??

    admittedly i just pulled that 80% figure out the crack o me bum.

    common theme these days...suspect not far off tho.

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    Well boys we just pulled right back up to support.
    I'd say the bull run from 2009 is still intact.

    Take that coronavirus...


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    Quote Originally Posted by Trueturning View Post
    Gee guys why not just hire the Machinist Sheriff and jail em ? That would improve working conditions vastly.
    Do I know who the Machinist Sherrif is?

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    Whoever decides he/she has the biggest star.

    Tom

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    I guess the watershed moment for me about Wall St. was it doesn't matter the death count, the unemployment numbers, just that Uncle Sam will always be there to bail out big business no matter what. I think that is the current driver now and maybe forever as long as the printing presses work.

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    For you stock market whizz's, tell us about golden and death crosses.

    Tom

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    Quote Originally Posted by Trboatworks View Post
    Well boys we just pulled right back up to support.
    I'd say the bull run from 2009 is still intact.


    Or the support was clearly broken. Pile of BS really, I can get any technical analysis answer I want, just depends on what time frame and points I use.

    As I said before, if you want to make money in the market, get yourself into the intermediary business - broker dealer, IB, fund manager etc......thats who makes money in the market. Otherwise buy an index fund and be patient

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    Quote Originally Posted by daryl bane View Post
    So I guess its official, the US economy is now a totally Govt' subsidized entity, and Wall St. is loving it. Does that make us "gasp" Socialist?
    naw, not unless the government controls those businesses, its not socialism. Just makes us putzes. My crooked government for example gave $50,000,000 to a foreign financial institution weeks before all this crap, and now offers to "help" me out by loaning me money at 11%!! What a racket. But the crooks get to stand up and say what they're doing for small business and the general voting population, ignorant of how it all works, says "oh thats good, pretty boy is helping small business"

  14. #1350
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    Quote Originally Posted by Trboatworks View Post
    Well boys we just pulled right back up to support.
    I'd say the bull run from 2009 is still intact.

    Take that coronavirus...

    Thanks for continuing to comment. I enjoy reading what you have to say(or should I say type).

    I think it is people that sold off high jumping back in accepting that win. I don't think there is price support because all the drivers are attempts to stem a problem that is long term. This is a long term event and the market is not done receding imo. This bailout is a load of crap and is only temporary driving out national debt. $2400 helps one month, but not sustained loss of employment. Wait till more unemployment numbers come in along with dismal corp quarterly financials.

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    Quote Originally Posted by daryl bane View Post
    So I guess its official, the US economy is now a totally Govt' subsidized entity, and Wall St. is loving it. Does that make us "gasp" Socialist?
    Socialist be f'kd .. full blown commie, ...……………………(the twat in the White House thinks he's Kim Jong-un anyway)

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    Quote Originally Posted by EmanuelGoldstein View Post
    I wanta know where's my puppy ?
    For a while he is comfortable in Quarantine. It will be 10 days and you can come pick the pup up.

    Florida beach babes are running the quarantine so be sure to come by before 1:00PM because from open to the public till then it is Bikini time!

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    Quote Originally Posted by EmanuelGoldstein View Post
    I wanta know where's my puppy ?
    On his way...
    16b55f44-ef4d-4f97-ac08-547a3f644ca0.jpg

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    Quote Originally Posted by Mcgyver View Post
    Or the support was clearly broken. Pile of BS really, I can get any technical analysis answer I want, just depends on what time frame and points I use.

    As I said before, if you want to make money in the market, get yourself into the intermediary business - broker dealer, IB, fund manager etc......thats who makes money in the market. Otherwise buy an index fund and be patient

    First off that chart was for fun eh- a bit of a relaxing rejoinder to so much gloom.
    Butt....
    The chart is exactly correct - the linear bull trend has in fact held.
    Will it continue to do so- I have no ideal.
    (I have been betting the last few days are another bull trap but be warned I am
    b8c80a19-a6b3-4c14-825d-164b52f15c20.jpeg)



    As to the rest of the above.
    First off.
    You are wrong.

    I often find the same comment and wonder if the author feels that their own failure in finding utility equates to no utility exists or if in fact they have never really tried to gain expertise let alone failed in its application.

    I think a lot of people simply don't know what the subject entails.
    It is not an application of the arcane.

    Two questions are asked.

    One- what has prior price done.
    Two- is there any indication that this will continue.

    Thats it.

    And by the way.
    My father always said to start any subject by learning the vocabulary.

    Support is described for the time series in which it is found.
    In study we take the longest time series as dominant.

    In the above case a close of the monthly on a established line which prior price has honored is said to be an instance of 'support on the monthly'.


    See and now you have forced my to go all pedantic on you.
    My favorite subject is "Pile of BS".

    Sniff sniff..
    You know a fella has feelings don't you.

  22. #1355
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    Quote Originally Posted by Trboatworks View Post
    First off that chart was for fun . . ..
    TR - I'm still wondering about what might be called a theoretical basis for charting. Hope you can educate me (us).

    Far as I can guess, it reflects a consensus of buyer sentiment?

    Your earlier link about maximum fear signalling the bottom would be an example. So would my old point about the psychology of "anchoring" where some number (e.g. Dow at 30,000 or 20,000) looms larger than it should as a reference point. There is also the "endowment effect" of which Otrit would be a prime example. In that case we value something significantly higher after we've bought into it. It does do some mostly good, damping the bottom end in everything from housing to stocks, likely machine tool prices. At least until it becomes clear if they are near worthless.

    Has anyone written authoritatively on charting as a way of peering into peoples' minds? And wouldn't there be a desire to chart both the optimists and pessimists and game how they play out?

  23. #1356
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    The field was started by a rice trader in China as a graphical means of presenting prior price which he has heretofore held in his head as he traded in street markets.

    Pete you certainly can appreciate the presentation of a graph for prior trends.
    A simple glance at Apple revenue stream and the accompanying stock price chart reveals psychology less important in that instance.

    I am patiently waiting for the consolidation is Brent crude to "break" in one direction or the other.
    Just now the price is balanced at fair price - either sentiment or new disclosure will shortly break the impasse and price will shift.
    I don't know why but many many people seem reluctant to accept how much information is disclosed in a simple graph.
    That value is acknowledged everywhere even in our language- 'The Rise and Fall of the Roman Empire'.
    Not accepting the influence of prior trend is a fairly remarkable fault to observation of most any field.



  24. #1357
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    Edit- to above:

    "theoretical basis for charting?"

    It is as I stated.

    'What has happened, will it continue.'

    Charting is a remarkably simple endeavor.

    It requires some technique and nuance in its application as well as all the sundry equity challenges- entry size and defense, targets etc etc etc.
    An informed entry is just the start.
    Many other factors have to be brought to bear correctly to trade well.
    The whole is on whole found to be exhausting to most who try.
    They either run out of capital or interest before they gain any confidence and become another voice for unreliable markets, "gambling" or any other tone they wish to place on an endeavor they have found too fraught with risk to be reliable.

    But...."theoretical basis for charting"
    Value is an expression of choice- it is awarded by participants and changes on observed behavior of the issue.
    Price goes up, it is perceived as having more value etc.
    Priced is "chased" by a fear of missing out, or abandoned on a fear of total loss.
    Or held comfortably by a seasoned hand who has placed his own value on the issue and can wait out the mass effects of public auction.

    The chart books I have from the 20's have the same patterns as one sees today in markets.
    It NEVER changes.

  25. #1358
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    Edit edit...

    “ Has anyone written authoritatively on charting as a way of peering into peoples' minds?”

    Yes- I have the definitive book on the subject.
    I forget the title will look up..

  26. #1359
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    Quote Originally Posted by EmanuelGoldstein View Post
    I wanta know where's my puppy ?
    Wuhan farmer's market?

    PDW

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  28. #1360
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    OK- I'll shut up now....:



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