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The two parties agreed on the terminology/phrasing, whether true or not, so there is an obligation to honor that private agreement. Tran got paid well, there probably wasn't a serious breach of responsibility, and we might not ever know what truly transpired and why.
What movie are you watching, davidal? It looks like shit behind us, beneath us, and likely more shit ahead of us. I guess your eyes are better than mine.
GFP,
I like it all except the "Tobin Tax". Enough with the taxes already. If we weren't so taxed, I might be willing to get back involved with the system. As it is now, it's not worth the risk. Who wants to start a business in the U.S., when the regulatory burdon is so high? Then the legal fees and taxes. The healthcare and insurance obligations. Then, if you do make money in your business, the government takes so many pieces of it with their taxes, what's left?
I'd rather live in a hut with an internet connection in a 3rd world country, then try to suceed in the U.S. When the government shrinks to a reasonable size and puts a collar on the lawyers, the U.S. might be decent again. For now, I'll just let it collapse from the wieght of the parasites that have infested it. I'm not a miracle worker.
MF4
Oddly enough, the desert southwest in central New Mexico is a balmy, and steady 95 every day and dry. Sometimes dipping into the lower 80s during the monsoons.
MF4
Bigworld,
I don't think the pullback will be deeper than 1070 on the SPY. I wish you were right because I'd love to load up at the MOABO, but it just won't happen.
It is obvious to me that the PPT is going to crank this thing up into elections. Along with free principal reductions given to all over-leveraged, under-educated, semi-native voters, the DEMS hope to give away the future in order to pass the final Draconian legislative strangleholds in the next 2 years. If the general masses are doing better in November, they stand a chance of maintaining their power.
After that, it won't matter. The U.S. will be just another puppet state controlled by the IMF. At some point, I can see them siezing all individual assets so nobody will be able to retire. We will all owe rent, food and healthcare equal to our wages.
So sad America is too dumbed-down to get the bigger picture. Hunger and desperation can make the staunchest Constitutionalist pliable.
MF4
I'll save you all some time on what he'll say:
SA: Still enrolling
ADHD: Will be submitting protocol shortly
I am long SDS 32, 33 and 37 August calls, also Sept 33 SDS calls. Also SRS 22.5 calls and TZA at 31. I won't be near my computer on Thursday and Friday of this week, so there's a slight chance the market could pullback big on those days, but would gap up by Monday's open next week.
"How did he know"? They asked, stunned.
BigWorld and Food4,
Don't be so quick to expect a pullback. Yes, it's fed manipulation on low volume. But, they have all of the money in the world to move the market. The SPY could be pushing 1600 from here without a break.
Imagine what the fence sitters will do after another month straight of 2% gains every day? They will panic buy. Of course the end game is lower. But, they have alot of room to run it up from here.
Also, I shorted the recent bottom on July 16 at the intraday low. It has done nothing but go straight up since then. I don't know how it works, but I have a 100% knack for doing the absolute wrong move at the absolute wrong time. Did exactly the same thing in February right before one month of up every day.
You may get a slight pullback the first day of september options series after all of my August SDS calls expire worthless, but I also have September 33 SDS calls, so don't expect SPY much lower than 1100 until middle of October at the earliest.
One thing I can say for sure "the market exists to take MF4's money". I'm finally ready to accept that truth and stop trading, like GFP. We don't understand all that is our reality. But running into a brick wall for 18 years has taken it's toll, and I'm admitting it to myself finally.
Anyway, personal demons aside, if you can benefit from my pain, feel free. The universe will keep these positions from being profitible ($2 cost + strike price):
I am long SDS 32, 33 and 37 August calls, also Sept 33 SDS calls. Also SRS 22.5 calls and TZA at 31. I won't be near my computer on Thursday and Friday of this week, so there's a slight chance the market could pullback big on those days, but would gap up by Monday's open next week.
I have option spreads, which are not possible to do more than a single day limit order to close. Also, they are so far from entry now, It almost makes sense to hold them in case the market should move in my direction (it never has before and probably won't again). But, like CORX, I just can't stand to sell at the bottom anymore. I'd rather ride it to zero.
Good luck,
MF4
Gotta love market manipulation: Bogus selloff in the futures. Trap all the bears. Start running it up as soon as it opens. Another positive day.
Bigworld,
I'm afraid the short case is failing miserably. Give it two more weeks up until all of my SDS calls are virtually worthless before expecting any significant pullback.
With every passing month, I am getting closer and closer to GFP's out of the market stance.
MF4
Tyler durden was the founder of "Fight Club". I doubt that's his real name.
My poll response: Never. As in "We'll never get results from the SA study, because it will never be completed before CORX becomes dust, or I sell all of my shares. Since I'm not selling my shares...........
MF4
Haysaw,
Sure, you can claim the tea party is just a shill for the republicans. Where were they when bush was botching things?
It's a good question. Perhaps, they figured when his term was up, they would get to vote him out. So, with hope, that's what the country did when voting for Obama. Meet the new boss, same as the old boss.
But, what's happening now is everyone is starting to see through the veil. They are starting to realize the Oz pulls the strings of both parties. they are starting to see through the ruse.
They are starting to organize. it doesn't matter if the media discredits the tea party. The body of the tea party is there on principle, not on what the movement's "leaders" say or do.
Doesn't matter what you look like Haysaw. When you've had enough of this crony government, we'll welcome you over to the "dark" side. All patriots are welcome.
MF4
The FEDS oppose reform of drug laws because the biggest importer is the CIA. That's how they fund all the black ops and government overthrows in all of the banana republics their corporate sponsors want to steal natural resources in.
GFP,
Supposedly, the mclellan Oscillator has spent 3 days at an overbought extreme. Supposedly it's very reliable that Tuesday or wednesday should be a down day. Maybe a trend reversal back down? I don't know about it, just parroting.
MF4
holycow,
Be careful. We are in the middle of a low-volume, PPT engineered summer rally. It will go straight up for the rest of the summer. See my previous posts.
MF4
ombow,
Once again, you take things out of context. Up 23% from a revised down 28%. Just a blip above worst ever is hardly an encouraging sign. Maybe a start to getting better, but hardly robust. If May wasn't revised down, June would be up a couple percent.
That's fine if you want to drink the kool-aid. Looks like it will be free flowing until the crooks are re-elected in November.
Bigworld,
Sorry about your bad timing. I'm glad you can afford it.
MF4
Haysaw,
You need to be aware of how the threats are marginalized.
The globalists that control Obama, want socialism in the U.S. They want us dumbed-down and gunless so they can control every aspect of the United States and make our military their enforecement arm.
The Tea party movement is a real threat because the core is made up of patriotic Americans that have had it with unaccountable government spending recklessly, and being involved in "wars" that serve no benefit to America. The tea party people are not maggots, they are aware and awake and not prejudiced.
How can "they" marginalize the Tea party? Same way they always do: Plant some operatives in the group to do something stupid, then get the media to focus on it. That's what happened with the sign you referenced. Then otherwise smart people like yourself, dismiss the valid pert of the tea perty movement, based on an isolated incident.
If you've read Orwell's "1984", just think of the American media as Orwell's "Ministry of Truth", and you will be getting a clearer picture of reality.
MF4
GFP,
Keeping drugs illegal, keeps the profits high and untaxable, which benefits the importers, like the CIA, and the banksters that control them.
MF4
GFP,
The "banking Cartel" is synonymous with "The Globalists"
MF4
Bigworld,
Same setup happened in February, and then the market had like 30 green days in a row. What makes you think THAT won't happen again?
MF4
Ombow,
Whether the government deals with things well or not, how would any of us really know? Do you trust the data they release? I don't.
MF4
While I agree with Bigworld's overall synopsis of the market and economy, I am revising my view to a positive one based upon the following reasons:
1. I have placed money on the short side thru September expiration. Therefore, the market has to go higher to burn me the most.
2. The Globalists want to maintain a Democratic majority to continue to pass unconstitutional legislation. Therefore, they need people to stay asleep. This requires an uptrending market into November. That way, the "wealth effect" will give people the illusion that they are wealthier. They will be more inclined to vote status quo after propaganda campaign creates doubt about the tea party and republicans. They have the printing presses. They can buy futures every day again. They have already started.
3. China and India ARE growing. SPY500 companies ARE selling overseas, even though the domestic economy still stinks.
Therefore, the market should slowly gring upward with no more than a single day pullback along the way.
MF4
Bigworld, thanks for the bigger picture view. I figured when inflation hit, the land would be a better store of value than cash.
And yes, I have sucessfully challenged some valuations, but the carrying costs are still too high. I can't cover the taxes, so the land will go to auction in 3 years. Hopefully, by then, I can sell a Lot or two and cover the taxes.
MF4
Bigworld,
I agree that this economy is in for hard times for quite a few years. I have a dilemma that I was hoping you may have a creative solution for?
10-15 years ago, I bought a lot of vacant land in my local area. It was pretty cheap. About 6 years ago, the place was booming and I could have sold every lot for massive profits. I assumed the good times were just beginning and only sold a few. Big mistake. Now there's a glut of vacant land for sale and probably 100 or less sales per year.
You think the market for foreclosed homes is bad, vacant land is worse. Compounding the problem, my broke state government is raising property tax rates based on boom evaluations. Carrying this land is now an onerous burdon.
Do you have any ideas on how I can liquidate a fair portion of my land in a nearly dead market?
TIA,
MF4
I knew it was coming. Total Control Grid. The guy now works for the Carlyle Group, which is essentially made up of many George Bush seniors cabinet members with a Bin Laden connection to boot.
Did anybody really believe Homeland Security was created to protect the U.S. from islamic terrorists? The Bush administration were puppets just as much as the Obama administration is.
They have been trying to dismantle the Constitution for 2 decades now. Since most of congress are the stupidist humans money can buy, they are well on their way.
The tea party movement is the only thing with a pulse in this country, and of course they are trying to denounce it by playing the "race" card.
MF4
GFP,
That is a remarkably long list. I still remember the video of Clinton and another person walking in some private courtyard, on the day that Ron Brown (I think) was being laid to rest. The camera was not readily visible and Clinton, thinking they were in a private place was laughing and joking and absently scanning the area.
The video shows the moment when he realizes the camera is on him and he immediately sombers up. I know politicians are phony, but it made him look very cold and calculated.
MF4
HC,
Sorry about your mom. Mine passed 8 years ago. And life has shined much less since her passing.
Speaking of not understanding reality, I do not understand why every time I short the market, it immediately reverses and makes me pay? And today, just as in February, I seem to short at the bottom of a new bull run. That baffles me. I mean anyone can be unlucky once in a while. But, my track record is monumentally appalling and uncanny at the amount of absolute bottoms I short.
What reality creates that sort of a record? Too many times to believe it's coincidence. I'm sure anybody reading this will dismiss me as crazy. That's fine. I may be heading in that direction.......
MF4
Bigworld,
I agree that the republicans are in good shape in november. But, don't forget that both parties have been co-opted to the globalist agenda. The Dems are just more blatant about it.
Remember that Homeland Security, which is just a front for the agency that tracks American Patriots, so they will know who to demonize and whose guns to confiscate once they declare martial law, was forced thru congress during a republican administration.
Same tactics used by Obama. 1,000+ page Bill. Don't read it, just sign it ("or we'll declare martial law". Remember that one? Paulson, wasn't it?).
When they want socialist legislation, they put the dems in power. When they want the new gestapo? Stage a terrorist act and put Pubs in power. Wherever they want to steer the laws, they create the crisis, and provide the solution. Same as it ever was.
Do not believe that an ever growing government is even remotely good for the Constitutional Patriots in this country.
MF4
GFP,
Do the world a favor and research the names, and countries of these shadow banker/overloards. Then post them.
That way, us serfs will know who is responsible for our plight, once we lose all we've worked for, to these thieves.
MF4
Ombow,
I agree and bought 10 shares of GS in afterhours. can't beat em, join em. Everytime you see some stock and say "wow, it's down alot, but I think it will go down more. Everything is going down", it's probably a good time to check yourself, hold your nose, and buy some call options.
Fundamentals say the U.S. is toast until 2020 at the earliest, like Bigworld has been saying. But, the market is a wealth creation tool for those well-placed. They make their money by pushing "gloom and doom" one week, and "to the moon" the next. The little guy that just wants to get by, is their lunch.
Bottom line: Huge selloffs happen every decade to scare the bejesus out of us. But, most of the time, they are taking 10-20% moves back and forth, month in and month out. The best we can do is to take 5-10% of that move.
Everything I've tried has failed. last ditch effort: scale into bear funds as the market rises. And scale out as it declines. If I start feeling optimistic, I will change my focus to scaling into longs on selloffs........
Bigworld: I think your fundamental analysis is bang-on, but you need to scale out to. Take profits. Remember, though the bias may be down, the market IS manipulated and Anything Can Happen.
MF4
Ombow,
They know how to make money because they make markets and know where the stops are. Yes. I should own GS and nothing else. They are the kings of the game. It's not a skill when you are insiders to every big move the market makes. Of course you are going to win.
I should have bought the thieves at the lows. looks like the fear based selling was yet another bear trap to sucker Bigworld, holy cow and myself into thinking that fundamentals matter.
It's all one big manipulated scam. The best us little guys can do is guess right. Sucks!
MF4
Apparently Nenner didn't get the memo that the market is utterly manipulated.
Case in point today is Thursday of options expiration week. Until the last hour, GS was selling for 137. BP was 37.
You could have bought GS 150 calls for one penny and BP 40 calls for 2 cents all day. Imagine if you bought $1,000 (1,000 contracts) of GS July 150 calls this morning? That would cover 100,000 shares.
Then the news comes out at 3pm that GS settles w/ feds and Finreg passes. GS is at $152 in after hours. Let's say it closes tomorrow ate 152. That's $2 in the money. Multiply that by 100,000 shares and your $1,000 investment (obviously, you need some connections for this theft), is worth $200K a day later.
That's a big bag of BS! Nice, if you're allowed to get the news before it goes public.
OK. Yahoo says the volume was only 25,000 contracts. The open interest was 20,000. So, it COULD have been some short covering. I don't follow GS options to know if this is a normal volume, but it looks suspicious.
I'm just bitter because the market made me it's bitch today. But, I have noticed these government announcements that change momentum and catch everyone off guard seem to happen on the Thursday or Friday of opex week every month. That means those in the know make out, while you and I contribute to their wealth. Did Finreg address this inequity? Of course not.
Thieves in cahoots with other thieves,
MF4
They got a lot of nice girls.
ZZtop
bigworld,
YUou should buy rural property with a water supply that can grow food. Best yet. Buy 40-100 acres of forest and turn the middle part into growable land. Leave an outside buffer ring to make it look like just more forest to passers-by.
Paper money will be worthless as will your stocks and maybe even physical gold in a real societal stoppage.
Land always has value. It's just not very liquid.
MF4
probably another dilution with warrants good until 2015.
MF4
I read a story today about the New Mexico Construction Industries Devision is proposing that all new residential construction would require sprinklers for fire prevention.
WTF? The proposal is backed by Homeland Security. What the hell is the Imprison Patriot Agency doing even being involved with this ridiculous idea? Let's just require all human beings to wear bubble wrap so they will be protected from themselves.
Frankly, I thought we were better when the occasional terrorist was sucessful. I prefer that to this police state we are incrementally heading towards.
MF4
Phew. OK good. Don't want to lose anybody.
Ombow disappeared just as holycow showed up. Any correlation? Did cow kill string and absorb his personality?
MF4
Holy,
It's a 5:1 reverse split. The equivalent would be multiply your sells by 5. Not sure if they skim any value during the process? I don't like them. Never did recover when they did it to SRS.
MF4
GFP,
Keep on rockin? Have the ever gotten off the mat?
MF4