Hat tip to Smokey for the best explanation of what Ben Bernanke and the Federal Reserve and your Government leaders are attempting to do. From www.zerohedge.com.
The “Buy The Dip” Scheme Explained
Submitted by Tyler Durden on 12/01/2010 23:13 -0500
Just because a cartoon can explain QE and POMO better than the mainstream media and blogosphere combined, here is all you needed to know about making money. In short: “Buy the fucking dip.” And, h.m.m.m., this is not PG-13.
I buy the fucking dips on oil and gas only.
Buy the fucking AG AU dips.
LLPOH, Stuck, Punk——Watch this video.
Smokey
Way back in February I got an account at wallstreetsurvivor, its a pretend trading trading site. Just for shits and giggles. They start you off with a hundred grand of pretend money. Currently I have lost $17,261.79 in my imaginary portfolio.
I bought a thousand pretend shares of Imperial Sugar at $16.50 and it promptly dropped to something like $10 and change. Hasn’t recovered yet. I also lost a boat load shorting the banks back in early march. I thought about just doing whatever Jim Cramer told me to but I have yet to last more than 20 minutes watching his show. I haven’t really touched the account in months.
I will adjust my trading strategy directly.
Punk—–Wise of you to do it with pretend money instead of E Pluribas Unum.
Smokey – I am video challenged at the moment. Will get to it asap.
Punk : I will get back to poke yur face shortly.
Must buy dip, MUST find greater fool. Need brains, bbbraainssss…..
….. And after some brain grows, you sell and stay the fuck out.