Fed Launches QE3

Discussion in 'Economy' started by The Rabbi, Sep 13, 2012.

  1. The Rabbi
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    The Rabbi Diamond Member

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  2. SniperFire
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    SniperFire Senior Member

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    What a fucking disaster.
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    Where's the incentive to save money when banks offer shit for returns on accounts?
     
  4. The Rabbi
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    The Rabbi Diamond Member

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    There isn't. That's part of the thought process.
     
  5. Toro
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    Toro Diamond Member

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    Awesome! I started buying stocks the day before the constitutional court in Germany ruled, bought heavily yesterday after the ruling, then finished the day today over 200% net long. I had no idea it would happen like this, and though I thought he would eventually, but Ben came in on QE3 heavier than the market expected, and Wall Street is poorly positioned. We're going to challenge the all-time highs over the next 6 weeks - I think! - then start fretting over the fiscal cliff and the debt ceiling some time around the election.

    The printing presses are running at full strength. You can bitch about it or make money off it.
     
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    Last edited: Sep 13, 2012
  6. B. Kidd
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    B. Kidd Gold Member

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    Unless you sell at the right time, your money is tied up. I do think the market is going over 14,000, tho'. If you don't sell then, as savvy as you are, you'll be just another greedy loser.
    Jus' my advice.......
     
  7. Toro
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    Toro Diamond Member

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    I've been doing this for nearly 20 years, s0n. And even though I've really sucked over the past 21 months, this is like playing T-ball with a 50-foot fence.

    But stay out of the deep end if you can't swim.
     
  8. B. Kidd
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    B. Kidd Gold Member

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    I've been in the deep end!
    I had significant real estate holdings when the 2008 economic crisis hit, and still retired comfortably at age 55 in late August of that year. Am still living comfortably, still retired.
    I swam, and still know how.......
    Of course, robbin' banks does help.
     
    Last edited: Sep 13, 2012
  9. Decus
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    Decus Gold Member

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    Any truth to the rumor that the banks are using this increased liquidity to play the market and not to make much needed loans?
     
  10. B. Kidd
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    B. Kidd Gold Member

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    Are there any regulations in place holding them back from doing what you posted? :eusa_shifty:
     

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