Avernus Posted June 2, 2012 Share Posted June 2, 2012 (edited) KeyneSSSIANNN! If anyone wants to hop on the Elliot Bushwacked Wave, I'm pretty sure my portfolio over the last two years has done better than those following the Prechter Helter Skelter theory. I assume you put me in that category....I have been heavy into cash lately and sold all my gold last summer actually....still holding onto my silver for when it goes up a couple more bucks an oz and if it drops to around $21/$22 in the next 2-3 months I will load up on a bunch more.... edit: I also have about more than doubled my money with my gold and silver with what I have invested the past 4 years if I were to cash in what I have left....at one point more than tripled....I don't care what you did, but my plan has worked out pretty well for me so far... Edited June 2, 2012 by Avernus Quote Link to comment Share on other sites More sharing options...
Brentastic Posted June 3, 2012 Share Posted June 3, 2012 KeyneSSSIANNN! If anyone wants to hop on the Elliot Bushwacked Wave, I'm pretty sure my portfolio over the last two years has done better than those following the Prechter Helter Skelter theory. You sad little troll. I never promised better gains by advising a cash position - especially within 2 years. My "advice" on the matter has ALWAYS been to promote safety during these uncertain times and doing no worse than maintaining the value of your current portfolio. In the deflationary depression that's been methodical yet slow to take grip, cash will be desired more than gold has been over the last few years. Tell you what - you keep your portfolio of stocks going over the next 5 years and I'll keep my cash portfolio over the same time. We'll re-visit this thread in another few years and see who is doing "better". Investing can't be determined successful over a 2 year period unless you're pulling out at this point. I would bet a pretty penny that the USD will be well into the 90s while the S&P will be well below 800 5 years from now. I've said the same thing over and over - that this depression is going to last quite a few years and unfortunately this inevitability is still not evident to the average citizen. Unfortunately, amateur investors like you have been fooled by the 3 year bear market rally and you still don't recognize the underlying rot that is about to rip our economy apart. The global financial system has literally been on the verge of complete collapse for over nearly 4 years now but the leaders of the world have done their part in kicking the can further down the road while they scramble behind the scenes in preparation of the devastation that's to come. The continual procrastination of resolving the problems in the financial system is only going to cause the ultimate and inevitable outcome to be that much more devastating for us normal people. The downside risk is waaaaayyyyy more prevalent than any upside potential - another point I've been consistent and adamant about. When the rich people of this country start to feel the burn, that's when most of us will finally realize the economy is not on stable ground. Don't you think it's a red flag that many of the top corporations have been hoarding cash since 2008? And what do you think banks have been doing for the last few years? They've been clearing their books of bad debt while not making loans because they want as little risk on their portfolios as possible when the economy collapses. Meanwhile, the Fed is still trying to encourage citizens to keep borrowing and spending because the economy needs it. It's a game of hot potato for these greedy basturds and they control when the music stops. The bear market rally in stocks over the last several years has been a shell game while the banks and corporations scramble behind the scenes bracing for what's to come. The Fed knows what lies ahead for the global economy, the average citizen does not. It's the Fed who needed QE because that's what kept the average citizen unsuspecting and complacent while they got their books in order. The next decade is going to be an incredible test of human mettle and there will be no government or bank to help us little people - they got theirs and they will be protected. The more you prepare mentally, physically and financially for the upcoming devastation, the better equipped you will be to thrive during this immense change. Bushwacked, you should really take a step back and stop worrying about someone like me who is only trying to help people understand the financial world a little better. Your pride doesn't allow you to see that you only believe what you've been taught. F*@k pride. Not once have you indicated that you know anything about the financial world, only that you can ridicule and criticize based on what you think you know. I know what I'm talking about when it comes to finance. The stock market has no real relevance on the actual economy - it's just a game that anyone can play and it indicates nothing that is real. That's why the illusion for many is that we're doing better, albeit not great. The truth is we're doing terrible and it's getting worse but the stock market disguises that because it's the primary investment tool for amateurs. Quote Link to comment Share on other sites More sharing options...
Avernus Posted June 3, 2012 Share Posted June 3, 2012 The stock market has no real relevance on the actual economy - it's just a game that anyone can play and it indicates nothing that is real. That's why the illusion for many is that we're doing better, albeit not great. The truth is we're doing terrible and it's getting worse but the stock market disguises that because it's the primary investment tool for amateurs. exactly, I think Facebook has shown this...it is hilarious to see people clamoring over a Facebook stock - they have 3,000 employees...a Facebook stock is a bad joke played on people who take the stock market seriously.. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted June 4, 2012 Share Posted June 4, 2012 Bushwacked, you should really take a step back and stop worrying about someone like me who is only trying to help people understand the financial world a little better. Your pride doesn't allow you to see that you only believe what you've been taught. F*@k pride. I love opposite day! I've never once legitimately pretended to preach expertise on market futures. I do, however, make fun of a well patterned series of failed predictions based on some hackneyed quackery hypothesis that exploits people's fear and lack of understanding. Even Harold Camping can admit he's made a mistake: http://news.yahoo.co...--abc-news.html It appears he's a little bit more apt to preach the drawbacks on pride and stubbornness to you, Brent, than you could ever do to me. Your obliviousness is entertaining, I'll give you that. Quote Link to comment Share on other sites More sharing options...
Brentastic Posted June 4, 2012 Share Posted June 4, 2012 I love opposite day! I've never once legitimately pretended to preach expertise on market futures. I do, however, make fun of a well patterned series of failed predictions based on some hackneyed quackery hypothesis that exploits people's fear and lack of understanding. Even Harold Camping can admit he's made a mistake: http://news.yahoo.co...--abc-news.html It appears he's a little bit more apt to preach the drawbacks on pride and stubbornness to you, Brent, than you could ever do to me. Your obliviousness is entertaining, I'll give you that. Long ago and several times I've admitted that I was wrong on my ONE prediction of WHEN the market would crash. It's pretty sleazy of you to keep reiterating that I am wrong on multiple predictions several of times. I admitted my foolishness in predicting a deadline for a crash so why do you keep bringing it up as if I have not? Because you are a troll, loser. 1 Quote Link to comment Share on other sites More sharing options...
gbpfan1231 Posted June 5, 2012 Share Posted June 5, 2012 Long ago and several times I've admitted that I was wrong on my ONE prediction of WHEN the market would crash. It's pretty sleazy of you to keep reiterating that I am wrong on multiple predictions several of times. I admitted my foolishness in predicting a deadline for a crash so why do you keep bringing it up as if I have not? Because you are a troll, loser. You just made his day. Quote Link to comment Share on other sites More sharing options...
bushwacked Posted June 5, 2012 Share Posted June 5, 2012 This summarizes Prechter's con-job quackery accurately: Ah, Robert Prechter. There are very strong rumors that he’s plagiarized (the rare “good” calls he’s had) Ted Aguhob for years. His 2009 bottom call was suspiciously created just an hour after Ted Aguhob’s 2009 bottom call video on youtube. Prechter has feared Ted and has even gone as far as to get his employees to e-mail Ted whenever he undercuts them on pricing. For example: Elliottwave.com Flash Alerts were $7000 and Ted wrote an article about it…Ted created his own so-called “flash alerts” for $49.95 a month and the employees at Elliottwave.com freaked. People got laid off left and right down in Georgia when this happened. They e-mailed Ted begging him to take the article down. The intraday elliott wave analysis created by Ted was re-created on Elliottwave.com just to save a lot of hides when Elliottwave.com had it’s worst years. Prechter is a media darling and like Hochberg, will repeatedly call crashes until one happens. For Prechter, it took 23 years until he was right from the low of 1987 until the start of 2000. Prechter has a very dedicated following, and that’s the scary part. There have been many ex-subscribers who have almost gone bankrupt based on Prechter’s permabear views. Like Daneric, Prechter “invents” new wave formations to conform to his views. He’s rumored to be a lunatic, but a very intelligent lunatic. When you reach the lunacy levels that Prechter has, you tend to get a following like he has. Quote Link to comment Share on other sites More sharing options...
Avernus Posted June 5, 2012 Share Posted June 5, 2012 You just made his day. he made his own day by getting on the internet talking about how strong his portfolio is ... from now on I am going to inform everyone how well I do when I go to the casino...since we're bragging about gambling habits...and when I hit a parlay during football season and also when I sell the rest of my silver in the next couple of months....or if I don't... but I don't matter, inquiring minds want to know about Bushy's portfolio because stocks are in right now Quote Link to comment Share on other sites More sharing options...
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