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jimkane
Rep: 3,058
Posts: 33,089
I'll kick it off with a 'must watch' video. These are the same type of people who are doing all the talking right now. It can be shown over and over how wrong all these people are, analysts, politicians, central bankers, bloggers, all of them (I've seen videos showing what Greenspan and Bern-Qwacke have said, and they were so wrong over and over it was just crazy, and they are/were in charge of it all! And Old Yeller, she said she basically missed everything that has happened, and now she's going to be in charge!). Their track records are abysmal. Yet they make tens, hundreds of millions, are completely and utterly respected, and they get endless TV time. It is, perhaps, the thing that makes the least sense of everything I have ever seen in my entire life. Yet it is so, and I think will always be so.

http://slopeofhope.com/2013/12/a-sobering-look-behind-and-ahead.html
JI
jimkane
Rep: 3,058
Posts: 33,089
Nah, it's not going to roll down here at all. No way. It needs to pop.
RA
rat89
Rep: 0
Posts: 7,015
qqq at .886
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, let's make that run. SPY almost there...
JI
jimkane
Rep: 3,058
Posts: 33,089
The SPY closed the RTH two cents from the all-time high!
JI
jimkane
Rep: 3,058
Posts: 33,089
It got one cent away right after the close.
JI
jimkane
Rep: 3,058
Posts: 33,089
46 points off the low. Wow. On news of less money printing. Let me rephrase that: wow.
JI
jimkane
Rep: 3,058
Posts: 33,089
I don't understand how the futures could be down like three points now. They should be up. The market only goes up. Maybe they just want better prices for the next gun up. The bulls are all saying this is just the start, this bull hasn't even begun yet. I think that's a very rational assessment, spoken by true geniuses...
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I'm long 100,000 contracts off that 'dip'. Yes, that's sarcastic.
JI
jimkane
Rep: 3,058
Posts: 33,089
C'mon, make me a billionaire!
MA
MarcinO
Rep: 67
Posts: 5,506
Gold hit 1200, but it has a lot of room to drop further.
AL
albert
Rep: 99
Posts: 3,094
Originally posted by jimkane

I know everyone is gone, but just one more comment. These guys are just too funny. They gun it up in the short Friday after regular futures close session, and take out the HOD by one tick. Same old, same old. Like I said, it doesn't matter how much they made it look like it could roll over, it was pretty likely, I felt, that they would follow the same pattern they keep following. Another new all-time high, closing essentially at the high. Nothing ever changes with these maniacs, and until the system completely implodes (something I'm starting to think won't happen until long after I'm gone), I can't see it changing.


Jim,

Thank you for your great commentary!

Al Kamego