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Forum Post: equity markets rallying hard, this is awesome

Posted 2 years ago on Nov. 30, 2011, 11 a.m. EST by onepercentguy (294)
This content is user submitted and not an official statement

portfolio up 10% so far the past three days. unreal. thanks, ben :)

monster rally into new year's, economic data has been surprisingly better than expected.



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[-] 2 points by alexrai (851) 2 years ago

You know, I never understand why they even bother to put that up and down stuff in the news. OMG!!! its climbing, OMG!!! its plunging!!! Its a good thing about those plexiglass windows.

Its a yo-yo by definition, but I'm glad to see your dear friend Ben is out there causing inflation... 99%ers love it when they have to pay more for bread so you can get a 10% gain that probably wont last till next Friday.

[-] 1 points by onepercentguy (294) 2 years ago

agreed as to day to day tape watching, its quite pointless. markets have almost doubled since the '09 bottom, low and slow value investing since has worked for me wonderfully.

[-] 1 points by alexrai (851) 2 years ago

Certainly not as sexy as mortgage backed securities or derivatives; but hey results are what counts. :)

You know its funny how different people invest when its their own money, rather than customer accounts at MF Global.

[-] 1 points by onepercentguy (294) 2 years ago

hence my amusement at people feeling sorry for ponzi scheme victims who "lose everything" to guys like Allen Stanford and Bernie Madoff. they were greedy enough to invest all of their own money into one investment, diversified portfolio be damned. they didn't care that the returns were suspiciously too good to be true. sure, the scammers should be in jail, but the investors deserve what they got.

[-] 1 points by alexrai (851) 2 years ago

Maybe I'm a bleeding heart, so I still find myself feeling bad for them... but you hit the nail on the head. Anyone promised outlandish returns must realize there is a substantial risk attached to it, whether its fairly disclosed or not....

Some people just ain't satisfied with the returns on a boring 'ol diversified portfolio these days I guess.

[-] 1 points by onepercentguy (294) 2 years ago

agree that the game is rigged, anyone of any means who disagrees is a fool and is lying to themselves. strongly disagree with the conclusion that the game being rigged should make me sell all my equity holdings. because every other asset class is either too volatile, not making any money or losing tons of money. i feel much safer buying quality, blue chip stocks like berkshire hathaway that are currently trading at a steep discount due to market fundamentals: the sluggish recovery, political impotence and EU pussyfooting.

what are my alternatives? forget real estate, residential or commercial, neither have bottomed. commodities, particularly soft commodities have been wildly volatile. treasuries? the yield curve have been flattened to the point where ben is basically saying "i want you to buy stock even if you dont want to."

that article points out serious disadvantages you would have trading like hedge fund, high frequency, active trading of massive, massive portfolios. the concerns of commissions and capital just don't apply to most long term investors like me who buy quality names on pullbacks and then sit around for years as the chips fall where they may.

which is why i'm amused when people post such articles. they don't even understand the underlying economic and finance concepts involved, yet they regurgutate the talking points as if its a bible verse that is applied equally to everyone with as little as a penny in the stock market. its quite silly.

[-] 1 points by shadz66 (17666) 2 years ago

@ 1%Git : Take it that, unlike Gerald Celente (b, above!) you are well insulated from MF-Global and the likes of John Corzine !

So basically you are managing to do all right with your 'Blue Chip Stocks' in a bear market ... while The Real Economy tanks around you and The General Public / US Citizenry / The 99% (remember Them ?!) continue to endure Mass Austerity and Debt-Bondage ! Congratulations to you !! And ...

1) Where would any "rally" be IF capital wasn't 'flowing' Out of The Euro & Euro-zone ?

2) Where'd any rally be Without Publicly Funded Bailouts in 2008 & "Quantitative Easing" (Queasing!) ?!

3) How would your holdings be doing Without Negative Real Interest Rates ?!

4) OR do you believe that your present good fortune is just down to your 'foresight and acumen' ?

& Some links for others ... if not for you '1%guy' and thanx for your rather revealing post above :

a) http://rt.com/programs/keiser-report/ ;

b) http://michael-hudson.com/ ;

c) http://www.nomiprins.com/ ;

d) http://www.teribuhl.com/ &

e) http://maxkeiser.com/ .

verbum satis sapienti ...

[-] 1 points by StevenRoyal (490) from Dania Beach, FL 2 years ago

Trade the range 11200 to 12200.

[-] -1 points by Doc4the99 (591) from Washington, DC 2 years ago

Weak volume

[-] 1 points by StevenRoyal (490) from Dania Beach, FL 2 years ago

Still holding

[-] 0 points by mvjobless (370) 2 years ago

Not for long. Just wait until the euro zone collapses, thanks to Goldman fucking Sachs.

[-] 1 points by Mooks (1985) 2 years ago

If GS runs the whole world and profits off of everything, why has their stock done so badly the past few years?

[-] 1 points by mvjobless (370) 2 years ago

That's exactly why, because they are such greedy pigs buying credit default swap contracts spread far and wide and they are losing that game, which is why the US through the IMF is going to bailout Europe. If we're lucky the euro zone crisis will end them once and for all and they will go the way of MF Global and Bear Sterns and Lehman's and good riddance, we'll only have a few too big to fail banks left and if we're lucky they'll go down too.

[-] 0 points by pandoras (56) 2 years ago

Don't bet on it.

[-] 0 points by onepercentguy (294) 2 years ago

too late. lol.

[-] 0 points by jomojo (562) 2 years ago

That should help cover the inflation by the new money created.

[-] 0 points by onepercentguy (294) 2 years ago

immediate term, nah. today's move is a liquidity maneuver, the ECB, fed & Co. aren't really doing anything inflationary. long term, definitely. i dont think they have a choice in the long run. ECB will have to start printing to contain the sovereign debt mess.

either way, i'll make money. loaded to the teeth with silver and gold.

[-] 0 points by Doc4the99 (591) from Washington, DC 2 years ago

You are totally clueless. Classic sheeple. Only a believe what cnbc tells you. Wow

[-] 0 points by MyHeartSpits (448) 2 years ago

Awesome! I hope it doesn't go down the next week and ruin a lot of people's lives!

[-] 0 points by shooz (26680) 2 years ago

Did they mention the Chinese bailout?

[-] 0 points by WeMustStandTogether (106) from Newark, NJ 2 years ago

Why dont you go all in then u silly blogger. Peace.

[-] 1 points by onepercentguy (294) 2 years ago

have been steadily buying on each pullback since the beginning of the month, yes. pretty exciting.

[-] -1 points by Doc4the99 (591) from Washington, DC 2 years ago

One percenters dont trade equity they print money until the collapse. Ha. Equity markets are for chumps like yourself. Read zero hedge or reddit ows where an actual hedge fund manager explains why the equity markets are rigged. Its a big club and you aint in it. See you at the protests when you go busted riding your re turd fake perma bull scam...

[-] -1 points by Doc4the99 (591) from Washington, DC 2 years ago

IN A MACRO derivatives environment liquidity can be created out of thin air. I.E. the fed R can print 18 trill of your tax dollars weakening your dollar easy. It's easy. That is really what happened yesterday, it was announced that the Euro will not die.

HOWEVER...Now we're pretty much milked out; much of the private equity is out of the market. It's getting too costly to food, clothe, and medicate all of the dependents.The latter requires real resources to be dug up and fashioned into things of REAL value. That's the rub, in the end. You can print all you want, but it doesn't produce any more yield of real necessities at some point. And competing interests produce many of those necessities.

So either the powers are incompetent and this mess is not what they intended, or this is all planned. If the latter, that's certainly much scarier. It means that we'll likely be left hanging until things are so bad that people erupt; or the population is begging and totally controllable. Either outcome is a disaster. BUY gold chump, or keep having fun trying to predict thesr speculative returd rallies. Have fun watching the euro collapse. BULLish on shotgun shells when the 700 plus derivatives bubble bursts. Time wave 0 zero even for your fake one percent poser wannabe chump posting turds out there...

[-] -1 points by Doc4the99 (591) from Washington, DC 2 years ago

Hey ok buy gold... silver? No trade that shiz for oil and a shot gun son

[-] -1 points by Doc4the99 (591) from Washington, DC 2 years ago

America is dangerously close/on the verge of becoming-- basically-- a 3rd world country with a lower standard of living highly possible. Decreased opportunities for the mases. All while The Global financial-power elite(s) are going to great lengths to maintain the economic status quo via the IMF and SRDs. The fed is not working for the interests of the U.S. The sun will still rise as it always does. But, what's going on in the world is scary.

[-] -1 points by Doc4the99 (591) from Washington, DC 2 years ago