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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TH who wrote (103980)	7/11/2009 4:48:23 PM
From: Skeeter Bug	2 Recommendations Respond to of 110194

>>Most of the time I look at spikes as just another game to trap someone, up or down, before fundamentals express. I could provide actual examples,<< it couldn't hurt to ask and i respect your wishes. no need, i've been caught really hard once and hard a second time by their "shake and bake." that quick head fake thing worked on me twice. pain is a good teacher. live and learn, though. i see my mistakes and i think the biggest one is not going with the trend. i need to hang on to my positions longer when the trend is my friend and dump them when i'm not playing the prevailing trend (but i should smarten up and not do that, right?). i've been doing the exact opposite of that since returning to "investing" (or crap shooting, which is what i did for a while) after a long time off. this could be a bear trap, but the economy is literally cratering, so i think that any kind of trap is temporary. i was visiting folks last xmas telling them the economy is unglued and getting worse. they kind of felt it - one guy had been out of work for almost a year and another had purchased a vegas condo in 2003 or 2004. it is really hitting home. a contractor friend is only working 2-3 days a week now. i can literally see 3 or 4 good friends lose their homes due to their debt load and lack of work within 3-10 years. this is up from zero before - and these people are middle america. a friend back home can't find work and another friend was just laid off. CA government has $200 billion in unfunded pension obligations and its economy is cratering. forbes.com main street is getting crushed and the elites with cash don't seem to "get it" because they don't hang out with regular folks.