Stock Market Forecast For Trading Week Of September 6th 2011

[monroe222ification]

@StockTradingMaster TNX MAN. BOFA WAS THE SODOMIZER INDEED. CALIFORNIA IS THE ISLAND OF DR MOREAU.

[monroe222ification]

I BOUGHT BOFA (BAC) ON JULY 6TH AT $10.74. RECENTLY THE STOCK STARTED TO MOVE UP. BUT NOW WITH THE MARKET BEING IN THE SIDELINE MODE, I WAS THINKING MAYBE IT’S TIME TO BAIL. I WOULD APPRECIATE ANY TIPS FROM THE STOCKTRADINGMASTER.

[StockTradingMaster]

@monroe222ification Get out! BAC in strong downtrend. You're no Warren Buffett. Do not go long any financials right now. It’s Banking man. It’s the epicenter of the a**hole earthquake. They’d f*ck you twice if they had another d*ck. Stay out of them until the government is done suing them and making stricter regulations.

[ZoZem]

Good report! Thanks Lance!

[StockTradingMaster]

@ZoZem Thanks bud.

[hottenma]

great overview on the twist and this new infrastructure bank.

guess what man....this is EXACTLY what wall streets wants (to control even more of society). Why is that?

Well when people believe that the government is broke (impossible & a lie!!!), then where will people go to get money to do anything (incl, infrastructure which the gov should do)??? It's going to go to banks (wall street).

wall street wants to FUND the government as well as private investment!!!!

fucking assholes!!!!!

[hottenma]

@hottenma and it's all based on FALSE PREMISES AND LIES THAT DO NOT EXIST!!!

our government cannot go bankrupt. We do not live in a mountain of government debt. People don't understand how the government operates financially. They own all US dollars...how can they be "in debt"?

Is a counterfeiter ever "in debt" or "in need" of his fake money? NO!!!! He owns all the money!!!

the only issue then is inflation and deflation...never lending or ability to do anything. Wall street is evil.

[cfwhu]

@hottenma whaaat?!!? government doesnt own all the money as you say, the moment they buy something with that money, then it stops being government property, and it passes to the owner of the good/service that US govenment purchased...

lets say I print my money wich theoretically is worth and accepted anywhere, and buy oil from you, then I use all the oil, and I go back to you and tell you, "hey give me my money back, its my property".

thats how I see it, I might be wrong tho...

[hottenma]

@cfwhu the government owns all money. Who creates US dollars? No one but the US government. If anyone does then they are breaking the law and arrested, etc. The extrinsic value of every dollar bill and coin is owned by the government. The intrinsic value of those bills and coins are owned by the individual holder...in other words you own the value of the actual paper, ink, and metal stuff used to make the monetary unit. That's all...and I think even then defacing US currency is also illegal.

[hottenma]

@cfwhu the government always owns the extrinsic value of its currency...otherwise you wouldn't want it b/c you couldn't pay your taxes with it and others wouldn't want b/c they couldn't pay their taxes with it. If you don't believe me...go ahead and make your own money and see if anybody wants it. They won't, b/c your dollars have barely any extrinsic value.

[hottenma]

@cfwhu in your example, if you printed money that is worth & accepted everywhere you are correct that you wouldn't be able to legally go demand your money back after an exchange took place w/o providing your 1/2 of the exchange. That is a legal issue. But if you are the sole printer of that currency then you do OWN the public value placed on the money you print. A currency is actually just a commodity in the market & b/c most currencies are fiat, anyone can create one if they can enforce it.

[StockTradingMaster]

@hottenma @cfwhu All we do is make money. If other investors are piling into gold on the prospect of further government stimulus that's all we need to know to profit off them. The intrinsic value of money, governments, politics, it's all pie in the sky. As long as some other dumb a** believes the dollar's value will go down on further government stimulus and so he buys a GLD and puts it in a strong uptrend, you can swing trade that and make money regardless of whether its really true or not.

[hottenma]

@StockTradingMaster quite true and agree completely in terms of taking trades and how to play moves. For sure. At the same time however these policy decisions do have social ramifications and that is what I'm discussing here. In terms of the trade and making money...yeah....you're spot on. ;)

[gr8wg]

Thank you for expressing when its not up or down.... sideways can last how long ?

[StockTradingMaster]

@gr8wg Sidelines is usually a temporary condition that lasts for a day to at most 2 weeks. A sidelines rating should not be confused with a Trading Range rating.