Econ Get ready

[cbh13]

i moved almost all of mine to the stable fund as soon as shit started getting weird last time and have left it there

 

[Willy Leadwell]

You fags with your “funds” and “investments”. This is why I spend all of my money. I may be broke but I’ve got enough popcorn and car parts to get me through any economic downturn.

 

[Laufen]

So time to switch to bond funds?

My wife used to work for a hedge fund and on their advice I completely missed the 2008 dip by switching my 401K into bond funds. But I never had enough sense to come out of bonds and ride it back up until 6 years ago.

I dunno. I'm not giving advice, but personally inverse djia and vix etf's are a decent bet, but don't get greedy.. they'll stop trading if they heat up too fast.

 

[FatAlbert]

You fags with your “funds” and “investments”. This is why I spend all of my money. I may be broke but I’ve got enough popcorn and car parts to get me through any economic downturn.

I was wondering if I'm the only one here who doesn't have invisible investments.

 

[karlvv]

I was wondering if I'm the only one here who doesn't have invisible investments.

Nope.

 

[Willy Leadwell]

I was wondering if I'm the only one here who doesn't have invisible investments.

I invest pretty much everything back into my business.

 

[erkinator 2]

The fed announced they will likely raise interest rates at a quicker pace than expected. That alone will get money pulled out of the market. It will be interesting to watch.

seems funny during Obama years they never really touched the interest rates,and now all of a sudden we have something to look forward to, and somebody behind the stage now wants to derail that with multiple hikes in rates in one year. I smell a RAT

 

[karlvv]

seems funny during Obama years they never really touched the interest rates,and now all of a sudden we have something to look forward to, and somebody behind the stage now wants to derail that with multiple hikes in rates in one year. I smell a RAT

They need to be hiked. The interest rate being near zero is a bad thing.

 

[Shemp]

They need to be hiked. The interest rate being near zero is a bad thing.

NIRP DERP!

 

[Laufen]

I was wondering if I'm the only one here who doesn't have invisible investments.

Invisible investments are a smart idea. Like the invisible idea of the 2a.

 

[FatAlbert]

Invisible investments are a smart idea. Like the invisible idea of the 2a.

Probably the gayest thing you ever said.

 

[Laufen]

Probably the gayest thing you ever said.

I doubt it.

 

[Laufen]

Ok, here we go. Looks like the correction is here.

Oil and the Euro will also be headed lower.

 

[Hoss]

Ok, here we go. Looks like the correction is here.

Oil and the Euro will also be headed lower.

What are you basing this on? Not doubting, just want to be the cool kid that can explain it at work...

 

[Laufen]

What are you basing this on? Not doubting, just want to be the cool kid that can explain it at work...

Elliot wave theory, so 2 parts mathematics, one part voodoo.

 

[Hoss]

Elliot wave theory, so 2 parts mathematics, one part voodoo.

What portion of the wave caused you to up your ante today?

 

[Laufen]

What portion of the wave caused you to up your ante today?

When applying wave theory to the lifetime DJIA chart ( or recent portions, as the movements are fractal in nature) we've broken a key support level on the "grand supercycle" chart that indicates we are moving into the "C" impulse wave. That suggests a significant downward movement in the DJIA.

Some additional info:

http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory

 

[Laufen]

What portion of the wave caused you to up your ante today?

Yesterday's highs are the line in the sand. If we can't manage to punch through that, she's setup for a huge retracement.

 

[Laufen]

Ok, time to short the DOW. It's time to swing for the fences.

 

[Sheps]

How is the outlook now? I don't understand the macro economics but I've heard it said by guys who's opinions on this sorta thing I take seriously that unless the dollar weakens bad things are ahead. Also that the market is due a significant pull back for some cyclic reasons which again I don't understand.

Thoughts?