Originally posted by rootsnall
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Originally posted by LondonManc View PostAs long as you make investments with the knowledge that the US will do whatever it takes to keep the USD as the FIAT currency of choice for the world, it's not too difficult to make decisions.
Good time for fking Mor Ons to bring back that old “Saddam wanted to sell oil for EUR and that’s why US invaded” moronic theoryComment
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Originally posted by rootsnall View PostThe risk is that 'the market' and the economy has been rescued by the central banks a number of times by increasingly bending the rules and it's priced now in the belief that they can keep pulling it off. But at some stage that belief might break and we'll all be saying why didn't we see that coming. A few perma bear experts will emerge when their prediction finally comes true. It's a game of chicken.
This time might be different.Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.Comment
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Originally posted by rootsnall View PostBut at some stage that belief might break and we'll all be saying why didn't we see that coming.
Eventually, something bad will happen, you won't see it coming, and you will lose money.
You just need to ensure that, when you take that 50% hit, it's a 50% hit from your 400% profit over the last decade. If you're aiming to buy low, sell high, you'll probably never buy. Selling higher than you bought is good enoughComment
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Originally posted by AtW View PostErm, if you don’t like dollars - don’t use them, nobody is forcing you.
Good time for fking Mor Ons to bring back that old “Saddam wanted to sell oil for EUR and that’s why US invaded” moronic theoryThe greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by LondonManc View PostI didn't say use them or don't; I said to take it into consideration that the 'muricans will do whatever is necessary to protect the dollar.
And btw EUR is now nice balancing reserve currency - 50/50 split EUR/USD gives nice hedge, Sterling and other currencies are 2nd tier nowComment
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Originally posted by jamesbrown View PostWell, yeah. But that warning hasn't really stopped since early 2009.
Eventually, something bad will happen, you won't see it coming, and you will lose money.
You just need to ensure that, when you take that 50% hit, it's a 50% hit from your 400% profit over the last decade. If you're aiming to buy low, sell high, you'll probably never buy. Selling higher than you bought is good enoughComment
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Originally posted by TheGreenBastard View PostWe're not far off from being able to say, categorically, that the Nasdaq and S&P 500 have made a V shaped recovery.
NYSE and FTSE not quite there, but looking very V-ey, it's not looking good for the perma-bears.
No one is talking about a 'v' shaped recovery huh..."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by rootsnall View PostThe risk is that 'the market' and the economy has been rescued by the central banks a number of times by increasingly bending the rules and it's priced now in the belief that they can keep pulling it off. But at some stage that belief might break and we'll all be saying why didn't we see that coming. A few perma bear experts will emerge when their prediction finally comes true. It's a game of chicken."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Take profits @ and until 6700. Remember, we continue to be in a bear market. It is possible to make profits during this period but you'll find 90% of trades are emotional ones.
The monthly chart will be interesting at the end of this month - the blue line is a 21-month moving average. Many many individuals / family offices use this for bull / bear market identification. If 6700 is confirmed as resistance, we're for sure continuing to be in a bear market until 2023.
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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