sell! sell! sell!

[Hitman26]

Just kidding guys. That McDonalds story really didn't happen. I was just trying to add a little humor. Really though I've had a few friends who are sticking their money in CD's becasue they are scared of the market and just want to keep near inflation.




Looks like the Bears have early 08 in their grubby little paws.



Later

 

[HuskerFan1]

if the ham n egger at mcd's is taking about shorting C WM etc the bottom is close on those stocks...simple as that...

i have some friends (successful with good jobs etc)who got into flipping houses (thinking like others have said here, there was tons of easy money to be made) literally RIGHT before the shit hit the fan...needless to say i dont ask how its panning out for them bc i know...my pt is once the "ed's" start jumping in, its time to get out....

this is by far the best thread on the rx btw....

 

[Dawoofdaddy]

Ok, but what did your friends own prior to going into cd's?

Don't get me in an uproar like that, I may have been long C Monday morning.

Husker, we are all ed's its just that some of us get to play musical chairs longer than others before the game no longer has any chairs.

:wink:

Along the notes of McD and Ed's....keep your ears open for friends & family, etc talking about wheat, corn, & soybeans.

 

[tiznow]

Just kidding guys. That McDonalds story really didn't happen. I was just trying to add a little humor. Really though I've had a few friends who are sticking their money in CD's becasue they are scared of the market and just want to keep near inflation.




Looks like the Bears have early 08 in their grubby little paws.



Later

yeah sounded a bit far fetched to me

keep near inflation?

that said this nov numbers and.... inflation will slow as consumption slows but...regardless of the rate cuts

only "safe" place to be IMO is on the short side of the stick

November Price Statistics

by Michael F. Bryan and Brent Meyer
The Consumer Price Index (CPI) rose at an annualized rate of 10.0 percent in November, its largest spike since a post-hurricane Katrina jump of 15.7 percent in September 2005. Year-to-date (January–November 2007), the CPI index has advanced 4.2 percent (at an annualized rate), compared to the 2.6 percent increase for all of 2006. Although this month’s jump in consumer prices was largely due to a 95.5 percent shock in energy prices, the CPI excluding food and energy (core CPI) was elevated, rising 3.3 percent during the month, well above any of its longer-run trends. Both the median and 16 percent trimmed-mean CPI indicators posted their largest increases of the year, advancing 3.7 percent in November.
November Price Statistics

<table border="0"><tbody><tr> <td width="13"> </td> <td width="122"> </td> <th colspan="6">Percent change, last</th> </tr> <tr> <th> </th> <th> </th> <th width="42">1mo.^a </th> <th width="42">3mo.^a </th> <th width="42">6mo.^a </th> <th width="40">12mo.</th> <th width="36">5yr.^a </th> <th width="64">2006 avg.</th> </tr> <tr> <td colspan="8">Consumer Price Index</td> </tr> <tr> <td> </td> <td>All items</td> <td>

10.0​

</td> <td>

5.6​

</td> <td>

3.1​

</td> <td>

4.3​

</td> <td>

3.0​

</td> <td>

2.6​

</td> </tr> <tr> <td> </td> <td>Less food and energy</td> <td>

3.3​

</td> <td>

2.6​

</td> <td>

2.6​

</td> <td>

2.3​

</td> <td>

2.1​

</td> <td>

2.6​

</td> </tr> <tr> <td> </td> <td>Median^b</td> <td>

3.7​

</td> <td>

3.3​

</td> <td>

2.8​

</td> <td>

2.9​

</td> <td>

2.5​

</td> <td>

3.1​

</td> </tr> <tr> <td> </td> <td>16% trimmed mean^b</td> <td>

3.7​

</td> <td>

3.4​

</td> <td>

2.6​

</td> <td>

2.7​

</td> <td>

2.3​

</td> <td>

2.7​

</td> </tr> <tr> <td colspan="8">Producer Price Index </td> </tr> <tr> <td> </td> <td>Finished goods </td> <td>

45.4​

</td> <td>

18.9​

</td> <td>

7.2​

</td> <td>

7.7​

</td> <td>

4.3​

</td> <td>

1.6​

</td> </tr> <tr> <td> </td> <td>Less food and energy </td> <td>

4.5​

</td> <td>

1.7​

</td> <td>

2.0​

</td> <td>

1.9​

</td> <td>

1.6​

</td> <td>

2.1​

</td> </tr> <tr> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr></tbody></table>

 

[Hitman26]

Ok, but what did your friends own prior to going into cd's?

Don't get me in an uproar like that, I may have been long C Monday morning.

Husker, we are all ed's its just that some of us get to play musical chairs longer than others before the game no longer has any chairs.

:wink:

Sorry about the false indicater. Those finacials may have even further to fall for all I know. I've been lucky becasue 2 finacials I've been eyeing since August (Discover and CCRT) have gotten shelled and show no sign of rebounding till maybe Spring. The only financial stock I own is NYX and it's done well for me.


My friends were in mutal funds and real estate. Now they just don't want to lose any more.

 

[VaultedTreehouse]

The Bush Boom continues.

Thanks for the rampant inflation Alan and Ben. I appreciate it, you assholes....This is going to end so fucking badly its not even funny.

 

[tiznow]

Ok, but what did your friends own prior to going into cd's?

Don't get me in an uproar like that, I may have been long C Monday morning.

Husker, we are all ed's its just that some of us get to play musical chairs longer than others before the game no longer has any chairs.

:wink:

Along the notes of McD and Ed's....keep your ears open for friends & family, etc talking about wheat, corn, & soybeans.

regardless of the MCD story

i honestly like the looks of C right now :toast:

speaking of MCD looks like a tasty short although i guess might be a bit too late 7.37% haircut today

trying to find something to add here on the consumer side, thinking of getting greeedy and maybe more AMZN, that pig is so bloated based on what's coming

 

[Hitman26]

Woofy:


Ok I don't want to get bashed here and I really want to learn about precious metals but I really don't undertand the price of Gold being so high. Oil, Wheat, Corn Copper, and most other commodities that are used every day by every day people I can understand why they are so high. But what use is there for gold? Is it because some currencies are backed by gold? Oil, natural gas, and food to me are precious commodities and I can absoultely understand their rise.


Worst case we go in to a major depression, who would want gold? I would need food, electricity, water, cotton products, paper products and oil. I would have no use for diamonds, silver and gold.



I need a little education on what I am missing about gold.

 

[tiznow]

if the ham n egger at mcd's is taking about shorting C WM etc the bottom is close on those stocks...simple as that...

i have some friends (successful with good jobs etc)who got into flipping houses (thinking like others have said here, there was tons of easy money to be made) literally RIGHT before the shit hit the fan...needless to say i dont ask how its panning out for them bc i know...my pt is once the "ed's" start jumping in, its time to get out....

this is by far the best thread on the rx btw....

i'll be sure to start of a buy, buy, buy many years from now if i'm still roaming around in these parts

:toast:

 

[tiznow]

Woofy:


Ok I don't want to get bashed here and I really want to learn about precious metals but I really don't undertand the price of Gold being so high. Oil, Wheat, Corn Copper, and most other commodities that are used every day by every day people I can understand why they are so high. But what use is there for gold? Is it because some currencies are backed by gold? Oil, natural gas, and food to me are precious commodities and I can absoultely understand their rise.


Worst case we go in to a major depression, who would want gold? I would need food, electricity, water, cotton products, paper products and oil. I would have no use for diamonds, silver and gold.



I need a little education on what I am missing about gold.

yeah i'm not a hyper gold bull but i do own a good amount of physical

I agree if we hit D scenerio gold won't fair to well, as the other D deflation will likely come into play

everything will get hit across the board

that said its good to be diversified

 

[tiznow]

alright i smell blood

went with aapl short at 171.07

people won't be able to afford 400 dollar phones and overpriced laptops much longer

 

[tiznow]

damnit well my friend just talked me off of the aapl short

i'm covering before the day is out up on it currently

he reminded me of how people are buying them over here, unlocking them, and then selling the from 1000 on ebay...

scratch that idea

 

[Dawoofdaddy]

Gold is money. All other currencies evolve their value from gold, not the reverse as people today believe.

The prices of commodities are rising for us govt is printing too much money.

Thats being done for alot of reasons, but mostly so guys like you dont actually "lose" any money if the "price" of your homes and stocks "decreases".

You personally have done well owning particular stocks, but honestly people owning a s/p or dow jones index fund have lost their shirts during the recent inflation.

Another major reason commodities are rising are that 3 billion people in Asia, most of whom have been living very modestly are now starting to buy things such as cars, computers, refrigerators, clothes, and eating more than rice and papayas.

A third major reason commodities are rising is that for 25 years there hasnt been much interest, little investment in infracture, which in turn has now caused a shortage of supply. This shortage of supply and increased demand ALONE minus the other major reasons would alone be enough reason to send commodities through the roof.

You see, the same things happened during early 1970s with govt printing alot of money and commodities went through the roof, but your uncle george and aunt bessie didnt buy any gold, oil, or soybeans until the top in 1980. So, they probably lost their ass and now and forever will swear things like gold, oil, and soybeans are too risky and only for kooks and speculators.

People will want gold as protection from govt printing presses. You cant eat it, you cant live in it, it doesnt pay any dividends, yes Ive heard all these things 100k times and Ill probably hear it another million before I die.

You also cannot eat a dollar bill, you cant live in it, its dividend now doesnt even equal current inflation, and eventually, actually right now as I type this, the world is awakening to the fact the dollar is a piece of paper, nothing more, backed by a thieving governments' promises, again backed by nothing.

Eventually, the world will no longer want these dollars and in fact they have massive piles of them they will all be trying to sell simultaneously and there will not be enough buyers if any.

You see, they (govt) will print (steal) as money as they can get away with. This is nothing new, in fact its a very old game and it doesnt end well for those that are without gold.

Good luck to those on the other side of this gold trade...you are going to need more than luck.

 

[tiznow]

out at 171.56 minor loss

 

[tiznow]

i'll wait for the next round of bear shake till i add my next short i think

nothing screaming loudly short me down here probably stretching it a bit, i'll stand pat with what i got

where i messed up is when i didn't add more AMZN when it went back to my initial short postion of 94

 

[Dawoofdaddy]

out at 171.56 minor loss

tanking again, nasdaq falling but financial holding overall market up today to prevent any serious damage.

 

[tiznow]

tanking again, nasdaq falling but financial holding overall market up today to prevent any serious damage.

yeah i got a itchy finger when it comes to trades i'm horrible

things starting to get bloody now

was planning on holding aapl for the long haul going in but my friend talked me off of it...oh well

 

[Hitman26]

Thanks for the long thought out response. I would never short gold, especially right now. I just wish I was smart enough to wrap my mind around it all. I guess I think in too simple terms. I feel only things that I can use or that people who perform labor for me or others want and use are the real currencies.




I will think on all of this some more.

 

[tiznow]

i wouldn't be buying gold up here that much i know for damn sure...but i wouldn't be shorting it either obviously

the gold i do have was bought back with it was in the 400s

JMHO

 

[Hitman26]

Tizzy:


Have you ever heard of NILE?