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I thought about that last year when the Dollar was on a free fall. Good thing I didn't. The traders require a huge margin, and I would have lost the shirt off my back, because the dollar came back and gained on other currencies.
Shorting is working super well for me now. Many of my losses have been nullified and then some. I don't trade on margin and I buy long term. I can outlast the speculators.
I'll never forget how I cashed in on Citi and Beazer puts. A wonderful era when schadenfreude and my best interests aligned.
Shorting is working super well for me now. Many of my losses have been nullified and then some. I don't trade on margin and I buy long term. I can outlast the speculators.
I'll never forget how I cashed in on Citi and Beazer puts. A wonderful era when schadenfreude and my best interests aligned.
I'm not saying shotring is always bad.
I think now is a great time to make good profits. Some shorted during the fall, and surely made good profits, but now is the time to buy the bargains. Also, a lot of shoters got screwed with picks liek Citi, because even with a short sale you still need to buy it in the end. Many shorted, and bought around $30, but the value went all the way to $1.00.
Where do you trade in currencies without margin? Last year when I was looking I could not find a single place. Most places like FOREX had 10 000 to 1 margin. I didn't look that hard though, because I am not into currencies.
Last edited by Finn_Jarber; 06-01-2009 at 12:10 PM..
The temporary rise in the stock market is going to come to a grinding halt soon. When the bottom falls out of commercial real estate, there will be another banking crisis and we have already blew our wad as a government on the first one. More enormous bailouts will not be a possibility. The bond market and the stock market will be falling simultaneously, and America will suddenly realize that we are totally screwed for at least a decade.
The temporary rise in the stock market is going to come to a grinding halt soon. When the bottom falls out of commercial real estate, there will be another banking crisis and we have already blew our wad as a government on the first one. More enormous bailouts will not be a possibility. The bond market and the stock market will be falling simultaneously, and America will suddenly realize that we are totally screwed for at least a decade.
I would lose 50% of the value I had in the private sector if I sold the investments. I am neither pleased or suprised because the boom was quite apparent. I hope I live long enopugh to actually make a profit on the deal.
if the japan model is correct if richard koo is correct, long term economic stagnation comin up.
not a meltdown. crummy low paid jobs will no longer just be available to illegals they will be made available to everyone.
I didn't know that American's were ever denied the right to fill the jobs immigrants did. Did I miss something? Guess my nose just wasn't pointed in the right direction.
I disagree with your last sentence. The host has been killed by [1] monopolies distorting truly free markets for the benefit of the few at the cost to the many.
I mean in a country of around 300 million (!) people we can only have [2] THREE major auto manufacturers? We should have closer to [3] thirty with all of them engaged in price competition. This economy has been oligopolized and ruined by the “free” marketers. This is [4] not capitalism it is near monopoly. Then these monopolists have arranged to place the tax burden on the people that can least afford taxes and eliminated taxes for themselves.
[1] Monopoly means one entity owns it all, once two or more exist, in that business, it ceases to be a monopoly.
[2] There may be only 3 domestically owned companies, but there are other auto manufacturers in the U.S.A. - Honda, Hyundai, Toyota, Nissan, etc.
[3] What makes you think that cars could be made far cheaper than they are now? Per weight and complexity, an automobile is far cheaper than a bicycle.
[4] Since 1935, the U.S.A. has not been a capitalist nation.
....and now, the last point - since 1970s, the U.S.A. has ceased to be the queen of oil, and now imports 70% of its consumption, cost over $700 billion, exported.
It's time the USA got "back on track" and shifted cargo and passenger service to electric trains... and not be distracted by the demise of American automobile manufacturers, crippled by Unions and socialism.
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