The 52.127 includes the cost to buy the security and includes split adjustment. You are, however correct on the fund symbol, now you can buy YINN.
The 52.127 includes the cost to buy the security and includes split adjustment. You are, however correct on the fund symbol, now you can buy YINN.
Just a small peak inside wrote:
LeT wrote:Chill man.
You are a financial advisor, no? As such it is your duty to stay cool as ice when others get emotional about this stuff.
You are also Master of the Thread and the best poster on LRC. With these come even greater responsibilities.
Cheers
This is just a small glimpse at reality. The guy is on the edge of offing himself. Perfect reflection of the fact that despite his tough talk, he doesn't believe in the underlying foundation of what he's selling.
No way somebody with true confidence says some of the panic-stricken things he has occasionally said in this thread.
It's also obvious if you've paid attention to other aspects of the 'gip. Jumping from one idea to another. Claiming to follow a "system" (ex: the 200-day moving avg), but then when time comes to actually follow it, he'll frequently override the buy/sell recommendation based on what he personally feels/thinks. That's not a system. That's a lot of talk, without the action to back it up.
agip, like most of his ilk, is mostly facade. Financial "advisor" = salesman. Buyer beware.
ha
if you knew me you'd know that that cursing was about as far from my real personality as possible. I use lrc to vent, that's all and try to be humorous. I did no selling during that drop and actually put some money to work. I wasn't even very stressed to be honest.
as for the observation that I fudge with the 200 day...that is fair. at times I have not followed it to the letter. I use the strategy to only execute on one day per month...I got lucky this month - I use the 10th day of each month - and markets rallied so I am clear for anohter month.
But yeah, I fudge the 200 day.
Sally V,
You are such a sweetheart. The 52.127 includes my cost of purchase and it is split adjusted. YINN is the correct symbol fo the Direxion Shares 3 X China Bull. Exercise your Bullishness young lady.
It would do you some good to read this week's market commentary from John Hussman.
why do I see this rally evaporating when everyone realizes that there is no deal - it's just a framework... that sounds like the Greeks don't want
It is not just Greece in my view. Greece is the focus today, but we live in a world of too much debt, too much leverage, and too little growth. The party will continue until someone discovers the turd in the punch bowl.
Ghost of Igloi wrote:
It is not just Greece in my view. Greece is the focus today, but we live in a world of too much debt, too much leverage, and too little growth. The party will continue until someone discovers the turd in the punch bowl.
Yep, and then these guys will say "nobody could have predicted that!!", despite Ghost of Igloi pointing out earlier that there was a guy squatting over the punchbowl, grunting, with his ass exposed. Nobody could have predicted....
It is a Theatre of the Absurd. A "deal" that is not yet a deal, and once passed or approved by six national legislatures opens the door to negotiations to give a bankrupt Greece more money that can never be paid back. The EU is desperate to hold is all together with bubble gum, bailing wire and duct tape. The same affliction in another form can be found in China and Puerto Rico. Are the market calling the shots, or are politicians/central banks calling the shots? It appears that the markets are jerking the chains of politicians/central banks throughout the world. It will not end well.
Pointing Out the Obvious
Message: "Only the clueless think China is going under."
Ghost of Igloi wrote:
It is a Theatre of the Absurd. A "deal" that is not yet a deal, and once passed or approved by six national legislatures opens the door to negotiations to give a bankrupt Greece more money that can never be paid back. The EU is desperate to hold is all together with bubble gum, bailing wire and duct tape. The same affliction in another form can be found in China and Puerto Rico. Are the market calling the shots, or are politicians/central banks calling the shots? It appears that the markets are jerking the chains of politicians/central banks throughout the world. It will not end well.
one missing piece that few are talking about is defense - Greece has a strategic place in teh world - it is the first european/west facing country bordering the islamic world - in this case Turkey. NATO needs Greece to be stable, keep out immigrants and in case of a conflict, control some part of the Mediterranean.
remember that Greece and Russia more or less share a religion - Russia has always courted Greece.
that's not nothing - I suspect the military had some input here - not just economic issues are at play.
...point being that the reason europe is willing to throw money down a hole is because they aren't just thinking euros - they are also thinking defense - keeping the wagons ringed up in a hostile corner of the world. That makes the european decisions more understandable and suggests the europeans have more patience than if it were just a money decision.
Good points and probably a reason Obama placed a call to Tsipras last week. I see the predominant reason to be ring fencing contagion to the other PIIGS.
What's the Greek economy...maybe 2% of the EU? They're just a zit on the world's economic complexion. If they default, it won't be a big deal.
Face the fax wrote:
What's the Greek economy...maybe 2% of the EU? They're just a zit on the world's economic complexion. If they default, it won't be a big deal.
see GOI's comment on the other weak links - Greece could be round one, Portugal round 2, Spain round 3 and then Italy would be the final KO to the EU and god knows what else.
Those countries are not so far behind Greece in economic fantasy land.
Europe is trying to keep all the buttons in line here to avoid stresses on the weak links - if Greece collapsed and the Euro and the EU came to be seen as a risky venture, Portugal and Spana and Italy would have to pay a lot more for loans, driving them down the Greek pathway.
it's a confidence game - the northern europeans are try9ing to keep confidence high. Letting greece go would be the opposite.
I agree with agip, if Greece wasn't important why would the EU and IMF shell out $83 billion? Furthermore, Treasury Secretary Jack Lew was on the phone with EU finance ministers pleading for some settlement. Fear of contagion can be a strong motivator.
Part of it is the ridiculous liberal european attitude that is held by almost all of the western european bureaucrats. Another part of the reason is that the party must be kept going during Obama's reign, at all costs.
This is just another bailout to keep the fantasy ship afloat, plain and simple. No different than other ones that have been used to the same end.
Look at those market indexes rise on the news. 19k by the end of the year.
Make money now, while Obama is in office, and the big scam continues.
Five Star wrote:
the ridiculous liberal european attitude
which is what exactly?
Five Star wrote:
Part of it is the ridiculous liberal european attitude that is held by almost all of the western european bureaucrats. Another part of the reason is that the party must be kept going during Obama's reign, at all costs.
This is just another bailout to keep the fantasy ship afloat, plain and simple. No different than other ones that have been used to the same end.
Look at those market indexes rise on the news. 19k by the end of the year.
Make money now, while Obama is in office, and the big scam continues.
Wait, so this is all about Obama?
Ghost of Igloi wrote:
Pointing Out the Obvious
Message: "Only the clueless think China is going under."
http://www.bloomberg.com/news/articles/2015-07-13/china-may-tip-world-into-recession-morgan-stanley-s-sharma-says
I appreciate the support, Igy. It certainly is difficult to imagine an economy that is growing at more than twice the global average as "going under."
If you believe the average analyst growth rate of 6.9% I have some YINN to sell you.