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Post by reformeddaytrader on Dec 21, 2010 9:04:29 GMT -5
Trae..........thanx for reposting this thread from Comedy Central....to say this OP is bogged down with tons of obnoxious buffoonery would give obnoxious buffoonery a bad name...  |
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Post by traelin0 on Dec 21, 2010 10:15:12 GMT -5
traelin0
Message #61 - 07/19/09 05:20 PM
My intent is not to inject myself in the back and forth in this thread, however, Gerald Celente is far from a crackhead. The guy has over a 90+% accuracy rate in his trends forecasts. He predicted everything from Ross Perot to the Nasdaq bubble. And he does this usually 1-2 years beforehand, based on a lot of reading and analysis. He has clients ranging from your average Joe to current politicians and Fortune 500s. The bulk of his efforts, if I remember correctly, was in forecasting the latest in fashion, etc. trends. He is a political atheist and does not tolerate foolishness from either party.
If the naysayers are interested in knowing what he got wrong...he predicted a Kerry win in 2004.
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Post by traelin0 on Dec 21, 2010 10:16:46 GMT -5
Reformed DayTrader
Message #62 - 07/19/09 05:28 PM
OK now we have 90% accuracy instead of 100%...but I have watched Celente's videos and he may be right on about mortgages but no way are things as bad in the stock market or bond markets as he claims or predicts. As I told you before I just don't ascribe to these so called experts even those who may be 90% accurate... I am sure Calente has forgotten more about the mortgage banking and investment banking industries than the rest of us will ever know but I just don't buy all of his doom and gloom for the economy from where I sit trading in and out of stocks for 8 to 10 hours a day
We saw some positive looking forecasts by Big Tech last week which contributed to the upswing in the NASDAQ but we still have more Techies reporting this week and next week which I anxiously await seeing which could be a good sign for things to come in the Tech Industry..
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Post by traelin0 on Dec 21, 2010 10:18:50 GMT -5
Stay Put
Message #63 - 07/19/09 05:33 PM
Yes it will turn out to be the the worst depression in human history, by this fall. My last sentence in the quoted paragraph clearly speaks to a different subject matter, and in no way contradicts my assertions about the economy. I have never stated that this melt down would be the end of the world, so where you get that from is anyone's guess.
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Post by traelin0 on Dec 21, 2010 10:20:07 GMT -5
traelin0
Message #64 - 07/19/09 05:39 PM
I think that's a fair statement. I put a lot of credence in what he says but I also enjoy his candor which is not for everyone.
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Post by traelin0 on Dec 21, 2010 10:21:44 GMT -5
Reformed DayTrader
Message #65 - 07/19/09 05:40 PM
My Poetic License after trying to understand where you are coming from with this comment "The worst depression in human history " seems to be close to the end of the world. The depression of the 30's had @20% unemployment so will we see higher unemployment numbers this fall if your predications are correct??
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Post by traelin0 on Dec 21, 2010 10:22:08 GMT -5
hum-ok
Message #66 - 07/19/09 05:43 PM
Trae Its been a while. Well while I cannot and will not try to tell anyone what to do, I myself have prepared and if it does not come so what, but if I were not prepared and it came then what?
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Post by traelin0 on Dec 21, 2010 10:22:40 GMT -5
Reformed DayTrader
Message #67 - 07/19/09 05:46 PM
I wish that CNBC would arrange a debate with Roubini and/or Calente and Larry Sommers and let them enlighten some of us who are interested in whether or not we will see a recovery in the stock market this year and not an economic collapse this fall...Let these so called economic experts make their cases and be able to defend their positions. I think Roubini and Calente come on CNN and Wolf Blitzer is not equipped to challenge these guys but Sommers can and is good at it, in my humble opinion..
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Post by traelin0 on Dec 21, 2010 10:23:27 GMT -5
traelin0
Message #68 - 07/19/09 05:46 PM
It's crazy, I have been basically living in one form of transportation or another for a month now. I can't wait to touch tarmac on Friday.
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Post by traelin0 on Dec 21, 2010 10:24:11 GMT -5
traelin0
Message #69 - 07/19/09 05:49 PM
Personally I really like Roubini, but I don't agree with a lot of what he says in terms of solutions and what-not. But he gives an interesting spin on things. As for Summers, I quite frankly have no respect for the guy whatsoever. I'd actually prefer to hear what Paul Volcker has to say from the "other side". I don't agree with him on squat but he is one intelligent dude.
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Post by traelin0 on Dec 21, 2010 10:26:10 GMT -5
Reformed DayTrader
Message #70 - 07/19/09 05:51 PM
It was taught to me at Camp Geiger (1st Recon) that both a strong defense and a strong offense will help you to survive when you are in a tough spot, and I believe it because I witnessed it happening on several occasions in college football and other arenas
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Post by traelin0 on Dec 21, 2010 10:28:31 GMT -5
Stay Put
Message #71 - 07/19/09 06:00 PM
RDT, which is it? It's not that you have been wrong about everything. It's that you haven't been right about anything.
I have yet to find even one prediction that Celente has made that has not come true. Believe me, I am looking. Until such time, he is at the 100% accuracy level. However, you have gone from calling him 10% to now 90% accurate. If you were even 90% accurate in your investments, as he is in his predictions, you would be one of the richest people in the world.
The reason that I and some others are not either delusional nor terrified about the coming economy is because we have been preparing for the worse. That does not mean that we hope for it, or are otherwise "doom and gloom" posters. We only know, and hope to instill in others that preparation is the only answer to any possible event.
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Post by traelin0 on Dec 21, 2010 10:32:13 GMT -5
traelin0
Message #72 - 07/19/09 06:04 PM
I thoroughly enjoy Celente and he is an intellectual canary in the coalmine, but I've been subscribing to the Trends Journal for a long time now and he was wrong on Kerry in 2004. Don't get me wrong, the guy is right more than anyone else I have read (that I can recall), but he is fallible. BTW, I happen to agree with your assessment of the Greatest Depression. He predicts a third party candidate in 2012 to be the next POTUS, so perhaps he will be "vindicated".
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Post by traelin0 on Dec 21, 2010 10:33:25 GMT -5
Stay Put
Message #73 - 07/19/09 06:15 PM
Could you shoot us over that error about Kerry. I don't like not finding the human condition about people, and it was a little unnerving to find some world leaders and top economists calling him 100% with his predictions. So if he is only 90% accurate, I'd feel a whole lot better.
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Post by traelin0 on Dec 21, 2010 10:34:57 GMT -5
Reformed DayTrader
Message #74 - 07/19/09 06:26 PM
I quoted the 90% accuracy comment in msg#61 and questioned it....but who cares about Calente or anyone of these doom and gloomers', they are just entertainers much like Cramer and Kudlow.
What does this nonsense have to do with your economic collapse in the fall predictions which I and others have challenged and seem to have ruffled your feathers...
And I think I am right about my opinion of your so called warnings for all of us this fall and I think it is a joke, and find it as entertaining as Saturday Night Live scenes
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Post by traelin0 on Dec 21, 2010 10:36:32 GMT -5
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Post by traelin0 on Dec 21, 2010 10:38:17 GMT -5
Reformed DayTrader
Message #76 - 07/19/09 06:45 PM
I would hazard a wild guess that 90% of the country will not be prepared if we have a economic collapse this fall. But I will also hazard another guess that these fear tactics are not only ludicrous but a big joke and are being advocated by some who have some hiden agendas or are just nutjobs
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Post by traelin0 on Dec 21, 2010 10:38:55 GMT -5
traelin0
Message #77 - 07/19/09 06:48 PMI'm disappointed in you Reformed, you really seemed to be "reformed" ~6 weeks ago. Ahh well, I guess I'll sit in the shadows another month and watch the constant chaos on these boards. Whether one is a nutjob or not, the stars are certainly more aligned to economic chaos than not. Even Philly can't meet its bills now, and AL still hasn't paid some of my coworkers their refunds. www.philly.com/philly/blogs/heardinthehall/City_suspends_payment_of_contracts.html
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Post by traelin0 on Dec 21, 2010 10:39:24 GMT -5
Reformed DayTrader
Message #78 - 07/19/09 06:51 PM
I think this whole thread is silly but entertaining somewhat...sorry but I just can't serious about anybody who tells us we are in for an economic collapse and the worse depression in our nations history without proving his case to us all....too many contradictions and misstatements and etc to be credible, in my most humblest of opinions naturally. I just don't buy this BS and any challenges to this nonsenese is met with disdain and degrading...rather ridiculous..
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Post by traelin0 on Dec 21, 2010 10:39:49 GMT -5
depression 09
Message #79 - 07/19/09 06:53 PM
Don't worry stay put ... things will of course be bad , but they won't be as bad as some people on here are thinking with raving bands of crazed people looking for food ..if you read my screen name you'll understand what i'm about ... what we will see is a soviet era style depression ... there's alot of information about what it was like in russia back in the 90's and periods before that when their markets collapsed .. it will most likely be like that here which is fine by me ..
The us will default on it's debts to the world and we will just start over .... one thing i do find funny is that we are talking about the collapse of our entire economy , yet there seem to be alot of people who chirp in saying "i'm debt free!" LOL that's akin to someone's house burning down with everything inside of it and the home owner standing outside of the burnt down house going "before my house burnt down i washed all my socks!"
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Post by traelin0 on Dec 21, 2010 10:40:53 GMT -5
traelin0
Message #80 - 07/19/09 06:54 PM
Fair enough and I understand you didn't initiate the attacks, but I've seen you post some good counter-fodder ~6 weeks ago without personal attacks. In any event I agree we are in for rough times but I will spare everyone further posts for awhile. Plus I want to get all my work done so they don't try to pull BS and keep me here longer LOL.
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Post by traelin0 on Dec 21, 2010 10:42:54 GMT -5
HenryClay
Message #81 - 07/19/09 06:55 PM
Thumbs Up, And they sure don't display much drive toward preventing one either.
It's also interesting to see their political leanings.
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Post by traelin0 on Dec 21, 2010 10:44:25 GMT -5
Reformed DayTrader
Message #82 - 07/19/09 06:56 PM
Good Luck to your Trae and hang in there. And if you want to make a few quick bucks trading stocks checkout the recent IPO's.....they all look pretty interesting so far this year
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Post by traelin0 on Dec 21, 2010 10:44:51 GMT -5
Stay Put
Message #83 - 07/19/09 06:58 PM
Although I am no Kerry fan, and did not vote for him, he did win the popular vote and Bush's assent to the White house did seem dubious at best.
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Post by traelin0 on Dec 21, 2010 10:45:56 GMT -5
traelin0
Message #84 - 07/19/09 06:59 PM
I will speak for Celente on this one in terms of "political leanings". He campaigned for several Republicans a couple decades ago in DC and at that time learned that both parties were full of crap. One of his fellow buddies on the Hill mentioned how emasculating it was to pull out a chair for a Senator at dinner.
He is a fiscally conservative, Independent Catholic.
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Post by traelin0 on Dec 21, 2010 10:46:37 GMT -5
PatrioticStablest
Message #85 - 07/19/09 07:00 PM
Better hope it doesn't get like Russia in the 90's. My DIL is Russian and from Siberia if you think it wasn't and isn't bad you should hear her. She said its still real bad outside the big cities. You have no idea.
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Post by traelin0 on Dec 21, 2010 10:47:47 GMT -5
traelin0
Message #86 - 07/19/09 07:01 PM
Thank you sir and hope everything is well with you. I do not have the knowledge to invest in your stuff, and right now I don't have the time. I haven't seen my son in awhile and that's all I can think about. God bless.
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Post by traelin0 on Dec 21, 2010 10:48:45 GMT -5
Reformed DayTrader
Message #87 - 07/19/09 07:02 PM
90% are libertarians and the other 10% are anarchists would be my best guess...but we could have a complete economic collapse out here in California this fall but not in the country.
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Post by traelin0 on Dec 21, 2010 10:49:58 GMT -5
traelin0
Message #88 - 07/19/09 07:04 PMLOL you may be right. I don't know what I am politically speaking to be honest. I'm certainly not the 10% but maybe you are right about the 90%? 
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Post by traelin0 on Dec 21, 2010 10:50:53 GMT -5
Stay Put
Message #89 - 07/19/09 07:08 PM
No 90% are Independent, ie: Constitution Party, or American First Party, and maybe 10% are the Libertarians. You really do not tire yourself out being wrong about so many things. Do you?
I can just imagine you on the rifle range. A thousand shots....No kill.
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