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***Official*** 2013 Stock Market Thread

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It's that time again. Going long XLF puts XLF131019P00020000 Oct 19 $20 puts @ 20 cents. Lookign for 50 cents but I'm holding half till tuesday no matter what.
 
Sounds like the 'deal' is mainly to push the default into November and the shutdown would continue. Perhaps Goldman Sachs and friends needed more time to dump their treasuries to suckers?
 
Imp said:
Reason? Not saying you're wrong, I just haven't been keeping up.
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The only time the DOW even got close to dropping 1000 points was at the worst of the mortgage crisis, and then it was only 800ish. He sounds just like all the other shorts.
 
Imp said:
Reason? Not saying you're wrong, I just haven't been keeping up.
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Ignore him. All you have to do is look at his post history in the market threads to note that pretty much the only posts made are short doom'n'gloom posts that hardly ever are accurate.
 
Imp said:
Reason? Not saying you're wrong, I just haven't been keeping up.
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We've run into nearly $17 trillion in debt - TRILLION - with no end in sight. The only shot of getting under control is about to capitulate to the welfare statists who are too chicken to fix it or are caught up in their own stupidity to know any better.

Our Great Leader Obama said "Raising the debt ceiling does not increase debt" 🙄 (it just allows us to keep racking it up, but never mind that because lies are easier to stomach than austerity measures).

When America defaults, and it will default, just like Mexico, Russia and Argentina did, interest rates will top 100%, there will be looting and food riots and the existing currency will be cancelled and replaced with "new dollars".

How do I know? Thats EXACTLY what happened in the aforementioned countries. Extreme interests rates, riots, looting, and finally "new dollars" exchanged at $10 old to $1 new.

Enjoy your 'free' healthcare.
 
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SunnyD said:
Ignore him. All you have to do is look at his post history in the market threads to note that pretty much the only posts made are short doom'n'gloom posts that hardly ever are accurate.
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As if your input is worth anything? I have been both short and long and have proved to be a valuable member over time. I think you're just jealous. 😉
 
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FelixDeCat said:
We've run into nearly $17 trillion in debt - TRILLION - with no end in sight. The only shot of getting under control is about to capitulate to the welfare statists who are too chicken to fix it or are caught up in their own stupidity to know any better.

Our Great Leader Obama said "Raising the debt ceiling does not increase debt" 🙄 (it just allows us to keep racking it up, but never mind that because lies are easier to stomach than austerity measures).

When America defaults, and it will default, just like Mexico, Russia and Argentina did, interest rates will top 100%, there will be looting and food riots and the existing currency will be cancelled and replaced with "new dollars".

How do I know? Thats EXACTLY what happened in the aforementioned countries. Extreme interests rates, riots, looting, and finally "new dollars" exchanged at $10 old to $1 new.

Enjoy your 'free' healthcare.
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Cool story. But what does any of it have to do with why you picked today or Monday specifically for a market crash?
 
Centauri said:
Cool story. But what does any of it have to do with why you picked today or Monday specifically for a market crash?
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Cool reply. But if Im wrong by a few days, the inevitable will happen.....unless...our pig headed leaders can compromise.

Its just common sense. We need to cut spending but you know who does not want to cut a damn thing.

We need austerity.

Now.
 
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FelixDeCat said:
Cool reply. But if Im wrong by a few days, the inevitable will happen.....unless...our pig headed leaders can compromise.

Its just common sense. We need to cut spending but you know who does not want to cut a damn thing.

We need austerity.

Now.
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17T is nothing compared to US economy. If the congress could pass a proper budget with higher spending and a little tax bump it would be smooth sailing. Unfortunately there's a group of dumbasses there who are trying to burn this country down.
 
Kntx said:
17T is nothing compared to US economy. If the congress could pass a proper budget with higher spending and a little tax bump it would be smooth sailing. Unfortunately there's a group of dumbasses there who are trying to burn this country down.
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Hey KNTX, you can compare our ridiculous debt load to anything that makes you feel better about its gigantic size but it does not matter.

I've got news for you - if any foreign holders of that debt demand cash - we can not pay it....or any sizable portion of it!!!

And you want to know the best part? They want to go even deeper into debt!

SmileyCrazy.gif
 
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FelixDeCat said:
Hey KNTX, you can compare our ridiculous debt load to anything that makes you feel better about its gigantic size but it does not matter.

I've got news for you - if any foreign holders of that debt demand cash - we can not pay it....or any sizable portion of it!!!

And you want to know the best part? They want to go even deeper into debt!

SmileyCrazy.gif
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Bond holders cannot demand to be repaid. Educate yourself. Anyway there's a whole forum here where people seem to enjoy arguing with characters like you. Check it out.
 
Kntx said:
Bond holders cannot demand to be repaid. Educate yourself. Anyway there's a whole forum here where people seem to enjoy arguing with characters like you. Check it out.
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Not exchanging debt for debt IS demanding payment.

The only way we get away with our scam is that big holders take promises of future payment when their existing bonds expire. If that shell game ends, it will be bad for all Americans.

Let me ask you Kntx, if they start dumping bonds en masse on the open market for fear of being paid at all; what do you think will happen? Hmmm? Oh yeah. A catastrophe.

The market cannot bear nor support one party or several parties dumping trillions in bonds simultaneously. Furthermore, what is our own money printing Fed which is itself spread mighty thin pumping up the stock market over the last 5 years going to do?

Treasury yields have gone negative due to Fed buying at distorted prices, but the Fed CANT go against WORLDWIDE dumping of US bonds. We can raise the ceiling to eleventy trillion, but with NO buyers of our worthless debt IT WONT MATTER!

Would you buy a treasury with no hope of payment? Yeah - me neither! :\
 
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Time permitting, I might read into TPHS. Remember Syms? This is what remains.

Now a Real Estate company which is hoping to license some of its brands (that are dead or dieing). But at first glance, it looks like a compelling (and cheap) idea. For a company with a small market cap, it is drawing some interest from well known investment firms.
 
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