Yah, that Greece thing is interesting. The Greek government has no intention to pay anything back, they just keep asking for more. Remind you of anyone?
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Yah, that Greece thing is interesting. The Greek government has no intention to pay anything back, they just keep asking for more. Remind you of anyone?
I believe it's called "foreshadowing"! Be prepared...Quote:
Originally Posted by roberth
You got that right.Quote:
Originally Posted by sellersm
Oil is creeping down a little bit :)
I'm going to go out on a limb and reveal my shallow knowledge of the investing world but in a thread about "long" positions in a given commodity, why the ever-living-intercourse are we so concerned with the DAILY fluctuation of things?
Good question, now I have to ponder it. Thanks pal. :)
My quick answer is because I enjoy watching the ebb and flow, like the ECB statement about QE the other day, that caused some ripples, some day statements like that will cause waves and I want to watch it happen.
I had to shift a significant (to me) amount of coin today. My focus is what might occur in the next 5-20 years and that probably won't be affected by what happens a week from this coming Thursday. I guess my wee little perspective of what is 'long' may be misguided.Quote:
Originally Posted by roberth
Your definition of long is correct but with the advent of QE and debt being treated as an asset (mortgage based securities) your definition no longer applies.
Nowadays long would be defined as the time period between the start of QE and the end of QE, meaning you buy prior to the announced beginning of QE and you realize your profits about a month prior to the announced end of QE.
I'd strongly suggest keeping an eye on the imminent horizon: between now and July 20 (date of supposed huge cyber-attack on banks)!! Be ready folks, something's coming and it isn't good... Mark my words. A year from now things will be different.
This story?
http://www.usatoday.com/story/money/...anks/23995979/
Quote:
Ben Lawsky, head of New York's Department of Financial Services (DFS), said he fears a large enough hack on Wall Street firms could "spill over into the broader economy" — not unlike the mortgage meltdown of 2008.
"We are concerned that within the next decade, or perhaps sooner, we will experience an Armageddon-type cyber event that causes a significant disruption in the financial system for a period of time," Lawsky said Wednesday in a speech at Columbia Law School.
Link?Quote:
Originally Posted by sellersm