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Aren't we all? LOL
Excel--instead of saying "back when I was in idiot"...did you mean to say "back when I first realized that I'm in idiot"? :)
Sorry for the confusion. Yes...I meant regenerect...not regenerex.
A big player just came aboard. He's a personal friend and I trust him. His name is Mitch Huhem.
Big big big things are coming. I swore off penny stocks years ago. As for this one...I haven't researched the stock itself as of yet but based on what's going on behind the scenes with Regenerex...I'm in.
Michael Wolf
michael @ onestepmillionaire.com
Good point...LOL
Interesting...I never thought about the repercussions of a Mexican default. I bet we'd see illegal immigration go through the roof.
It's gonna take a lot more than coffee to get me to cross that line glancy. Something that causes unconsciousnesses and paralysis should do the trick...perhaps a glock model 21 and 13 rounds.
Looks like your trade confirmed for you (changing the subject, LOL).
Oh man...I got a good laugh outta that one. I didn't really think you were gay. However, I wasn't sure if you were using some sort of code so I covered my tracks just in case. Something about you rejecting the notion of women...and then telling me you're single set me to thinkin'. No wild fantasies here glancy. LOLOL
single? EXACTLY. Notice I used the PLURAL form...womEn...meaning several which can be dangerous if in a relationship.
Actually...this day in age...I guess I shouldn't assume that you like women. LOL
(for the record...I don't hold anything against people who choose an alternate lifestyle. I have two cousins who've made that choice.)
Definitely yes to the crazy...under this definition...
Informal . intensely enthusiastic; passionately excited: crazy about forex trading and women.
Nope...none of us is really. We know something is going on.
As for the cAt...if not crazy...would you settle for slightly eccentric?
relentless or my self are not as crazy as our thoughts or posts seem
Pretty bold statement. I wouldn't go that far glancy.
Direct vs. Indirect Stimulus
Awesome article typewritten from prison. http://armstrongeconomics.files.wordpress.com/2010/12/armstrongeconomics-indirect-v-direct-stimulus-11-21-2010.pdf
An interesting perspective was introduced to me today. There's a lot of talk saying we're witnessing the fall of CAPITALISM here in the USA. The new perspective is that what we're actually witnessing is the beginning of the fall of SOCIALISM in our country.
This guy is imprisoned (unjustly according to some). Apparently the CIA and US Government have attempted to acquire his modeling theory which has proven to be extremely accurate. Interesting to say the least. http://armstrongeconomics.com/writings/
Very very interesting. Thanks for the insight.
What is Harp?
One of the best website I've found is actually a website you introduced me to by posting a link. www.thedailybell.com
Actually...I thought you meant Jester looks like bozo and didn't feel you were way off base (with all of his joking around). LOL
Here's an article from the same website that supports the view you're putting forth. For years and years I've held the view that this is all being orchestrated to move us towards the NWO. Recently I've held out hope that the grand plan is falling apart. The could be more wishful thinking on my part. http://thedailybell.com/1532/IMFs-Bancor-Last-Man-Standing.html
That's what I LOVE about America. It's your God given right to disagree...no matter how wrong you may be. (smile)
Actually, in all seriousness, I give it 50/50 either way. For you to be right, the BRIC nations would have to be in cahoots already with the western power elite. This is DEFINITELY possible. I do hold out hope, however, that the western elite are losing control...even if it means America crashes and burns for a time. I really dislike the war machine we've become...and very much dislike all the manipulation in our economic system.
I agree 100% on them wanting to collapse the global economy to some degree. However, in my humble opinion, I think the "controlled" collapse got WAY out of hand for the western elite and they are now doing everything possible to prop it up as best they can. I believe the one thing they know is if the population hurts too much too fast they'll get pissed to the max and that thwarts the elite's goal of global takeover. For several decades it has been a slow, steady decline. A huge, sudden collapse is a kink in their plans so they're throwing these band-aids on it to try for a quick fix to buy them more time.
The good news is from all the data I'm reading, it appears the western elite is starting to lose influence, especially with the BRIC countries. This is evidenced by the outcome of G-20. http://www.thedailybell.com/1524/G20-Goes-Wrong.html
Good explanation of QE and pretty funny.
LOLOL. My stance is pretty much the same as yours. However, one thing I'd like to put out there is this:
The universal laws are at work here...and always. The western power elite had control for most of the 20th century. They were organized and had a stranglehold on the information disseminated to the population. The information available on the internet is progressing us nicely towards that universal principle called entropy. Everything always moves from being organized towards chaos. It's that same process that allowed the US to break away from mother England...and it's that same process that will ensure (in my opinion) that one world government and a world currency will NEVER come to fruition.
Will the dollar lose it's reserve currency status? Hell yes...and I'm looking forward to it. Will the US reign supreme forever? Hell no...and I'm looking forward to that as well. Something has to give...and in my opinion...the powers that be are losing a grip...and are especially losing influence throughout the world. They are MOST afraid of pissing off we Americans. They aren't in as much control as we think...and it's crumbling before their eyes as we speak as is evidenced by Europe...and by the fact that China and the other BRIC countries pretty much going their own way these days.
There is hope, my friend, in my most humble opinion.
That's why I always prefer the senate to be controlled by one party and the house to be controlled by the other. The fighting makes it so they don't get much done.
Let's see...hmmmmmm.....NO. LOL
What I can say is it's a sales outsourcing business. People pay us money upfront to call sales prospects for them. These are people who want to grow a business but cannot sell themselves.
I'd tell you but I'd have to kill you. :)
I'm under a non disclosure agreement because of patents pending AND because we're just starting. We did a small test of the market this week and made $30k in sales our first official week in business so the concept is proving out nicely.
Thanks Glancy. I look for major long term trend changes. My bias is up overall which is why I'm looking to go long. When I buy something I'll usually hold it for several months. I'll sometimes watch something for a couple of months before buying. IF the kiwi goes below 7250, depending on fundamentals at that point, it may be a trend change. I believe there's only a fraction of a chance it'll do it, but if it does, I'll be there.
I believe we'll eventually see it break up...and that's when I'll buy.
I recently left my job at Investools which is why I'm posting more here. I've founded a new company with 4 other folks and may have time during the day on occasion to do some shorter term trading. Looking to trade gold and s&p futures...and possibly some forex. It should be a blast.
Looks like you're almost to 74 Glancy. I'll go short at 6850 or so if it comes to that. Nice short term trade brother.
That might make for a decent short term trade. As for me, I've never been the best at short term predictions. I'm waiting on confirmation for a longer term trade. It broke resistance already and is re-testing. Waiting for a strong bounce before entering. Will enter on the bounce and sell half at .80 or so...and will ride the rest for the long term trend as long as it continues. It's above both the 200 day ma and the 65 week ma. (although this is a weekly chart so the moving averages aren't depicted as days...but rather weeks). Once it confirms...I'm in like flynn.
Maybe the folks who want it passed figure a Russian campaigning against it will piss off enough people to sway the vote in favor of it. Reverse psychology. LOL
I'd be willing to bet that while Obama is publicly against it, my sense is he is 100% in favor of it. Why? TAXES It's just not very "presidential" to come out openly in favor of it. They know how to get the vote. I guarantee you he...and a lot of California politicians are hoping it will pass for that very reason. Lot's of dope smokin' taxpayers in the Golden State. California is broke. They can't possibly squeeze any more money out of folks with mandatory taxes. Why not have some sort of voluntary tax?
What do you think? I think the above scenario is entirely possible...even probable.
What we're doing when we pledge allegiance to the flag is pledging our allegiance to the republic for which it stands. Our flag DOES stand for a REPUBLIC...NOT this messed up facist government we have currently. When we pledge our allegiance...we're pledging for liberty and justice for all.
In my opinion, it's vital now more than ever to pledge our allegiance. Not only that...but to do everything in our power to uphold this republic for which it stands by voting...and by rabble rousing if it comes to that. I beg you to reconsider your stance brother Glance. (smile)
PS- I know what you're saying. You don't want to pledge allegiance to the current government.
As soon as the kiwi closes above 7600 I'm going long as hell (longer term trade).
Hey glancy...no worries. I actually resigned my position with Investools/thinkorswim/TD Ameritrade on October 8th. But you're right...I'm a long term investor going for hundreds/thousands of pips with a really small part of my portfolio.
I'm short the dollar right now against the yen and swissie. Can't seem to pull the trigger on a dollar short against the euro for some reason.
Cheers...
Well...ok Glancy. You're onto some sort of weird thing here apparently. Not that I'd be interested in receiving real time assistance although I'm sure you'll do well at whatever you put your mind to doing. Just curious why you would mention my name while expressing an unwelcome sentiment of some sorts...but if you're not inclined to answer...I'm certainly not inclined to ask again. Strange to say the least. Make it a great day brother.
Why
Excellent article...thanks for posting.
I was once guilty of swinging for home runs...hoping to get rich quickly. I'm fortunate enough to work with some of the greatest traders/investors in the world. One thing I came to realize about 4 years ago is this:
Forget about being right or wrong. The temptation is to use technical analysis to try and figure out what the market is going to do in the future. If, instead, we use technical analysis to help us trade in a consistent manner (consistent entries and exits) and also use it to know our risk versus potential reward...and we only concern ourselves with being right 50% of the time...and when we're right we make two to three times as much as we lose when we're wrong...our portfolio will grow exponentially over time.
The cool thing is when we do that...we can actually be right more often than half the time and the stress levels are really low.
I haven't seen this message for quite some time so I thought I'd post it for the benefit of our newer forex traders.
When trading any of the major pairs (pairs that include the dollar), each has a nickname.
AUD/USD- Aussie
EUR/USD- Euro
USD/JPY- The Yen
GPB/USD- The Pound or Cable (most commonly The Pound)
NZD/USD- Kiwi
USD/CHF- Swissie
USD/CAD- Loonie or Cad
Also...when referring to the US Dollar by itself...it's commonly referred to as the "greenback" so it doesn't get confused with other currencies using "dollar".
When you use these names which are widely used...it's known which pair you're using.
It's the politicians thinking only of themselves. Their only concern is to get re-elected. If they can kick the ball down the road a few more years, someone else can deal with the fallout.
Well...that ball is out of road. I believe we have temporary rough times that are already happening. According to an economist I trust...we'll bottom out around 2012 to 2017 or so and then pull out of it. The most important thing is demographics and we're pretty ok on that end of things. Europe is screwed big time demographically.
In my opinion...worst case scenario is we end up like the U.K. after their empire fell. Life will still be pretty OK...we just won't be the wealthiest nation on earth by 2050 or so if emerging nations play their cards right.
Keep in mind that things almost ALWAYS work out somewhere in between the best and worst case scenarios. With the dollars status as world reserve currency, it'll be near IMPOSSIBLE for us to have a currency collapse anything like the Weimar Republic or Argentina. I do think we're already seeing inflation (although it's being hidden) but hyperinflation is a currency event...not an inflationary event. I don't think we'll see hyperinflation.
This is my opinion for today. I always reserve the right to change my mind whenever I damn well please. LOL (This has been my opinion for awhile now).
Japan Intervenes to Bail Out America.com
By:
Peter Schiff
Friday, September 17, 2010
This week, after the Japanese yen had surged to a fifteen-year high against the US dollar, the Japanese government decided to intervene in the foreign exchange market. To great fanfare, the Bank of Japan initiated a vigorous campaign to buy US dollars, thereby stemming the rise of the yen and pulling up the greenback. The effects were immediate, with the yen falling an astonishing 3% on the day of the announcement. At a time when American politicians are growing increasingly vocal about China’s currency manipulations, Washington was strangely silent on the Japanese move. This was completely overlooked by the hawkeyed media.
While missing this blatant irony, the media spin doctors cast the Japanese decision as an attempt by the island state to prop up its own fragile economy. More accurately, the intervention was done to help American consumers buy more cars and electronics from Japan. In truth, although more American purchases would nominally benefit some Japanese exporters, a weaker currency is a detriment to the overall Japanese economy.
The politics of currency intervention are actually quite simple. Japan’s economy is dominated by large manufacturers that export lots of goods to Americans. The problem is that Americans can’t really afford to buy in the quantities that they did just a few years ago. So, instead of looking for new customers with more money to spend, either in their own country or in other productive economies, Japanese manufacturers use their political clout to lobby their government to bailout their traditional U.S. customers. The bailout takes the form of a direct transfer of purchasing power from Japanese savers to American consumers, so that Americans can continue buying products they couldn’t otherwise afford. In short, pushing up the dollar allows Japanese exporters to postpone a necessary, but costly, restructuring.
The tendency for governments to sacrifice the needs of the general population in favor of entrenched corporate interests is not unique to Japan. In the United States, we have taken similar measures on behalf of our dominant industries. However, instead of manufacturers and exporters, whose political clout has waned along with their economic prospects, Washington has moved to protect the profits of the financial, retail, and real estate industries– the true heavyweights of the American corporate world. These industries profit when Americans borrow money to buy things they can’t afford. To keep this behavior going, the government must make it possible for consumers to take on more debt; but, in so doing, these policies have left us with an ailing economy in need of deep and drastic restructuring.
In a way, what the Japanese government is doing for American consumers is very similar to what our government is doing for American homebuyers. Rather than let home prices fall, the US government subsidizes homebuyers so they can continue overpaying for houses they cannot actually afford. The beneficiaries of these moves are those selling, building, and financing overpriced homes. Unfortunately, the last thing we need as a nation is to build, buy, or finance more homes. Our economy would improve if the resources devoted to the real estate market could be devoted to other, more needed industries.
Japan should allow the dollar to fall, which would force their manufacturers to adapt to a changing global market where Americans consume less, and those in emerging markets consume more. Instead, it is vainly trying to preserve the status quo and appease entrenched political factions.
Just like here in the US, Japanese politicians take cover by falsely claiming that the intervention “saves jobs.” However, the jobs that are saved come at the expense of more productive jobs that are either lost or not created. If Americans cannot afford to buy Japanese products, it makes no sense for the Japanese to continue selling them to us. Rather they should devote their time, effort, savings and resources to selling products to customers who can actually afford to pay.
Japan’s bailout of American consumers is nothing more than international vendor financing. This is the same technique used by telecom companies during the Internet boom of the late ‘90s. In order to pump up short-term profits, manufacturers of communications gear loaned money to cash-strapped Internet startups so they could buy switches and routers. Of course, when the dot-coms went bankrupt, all those phony sales were written off; then, the stocks of those companies doing the financing, like Cisco, Lucent, and Nortel, collapsed as well (though they did not collapse to zero like the dot-com companies). Although their performance would have lagged during the boom, the equipment manufactures would have been in far better shape fundamentally if the phony sales had never been made.
The same fate awaits the US and Japan. In this analogy, Japan is Cisco and the United States is Pets.com. Sooner rather than later, both Japan and China will realize that they have been hoodwinked by a fast-talking sock puppet without a credible plan to pay them back. When that happens, they will take the write down and let us fend for ourselves.
It's working out pretty darn good for you Glancy.
Although mine isn't something that I actively think about every day, it definitely represents an accurate sentiment I have about the subject matter involved.