GMO's quarterly letter
150 RepliesJump to last post
The UK is straight up scary. I'm actually glad there is a problem with Greece. If more people saw some of their debt numbers they would walk around with a perpetual deuce in their pants.[quote=Shania Twain]dunno[/quote]
Reason I ask is because you make these assumptions that the “market collective knows” – as if it were some wise, all-knowing entity that is never wrong. I disagree. I think the markets are wildly inefficient, which is why I believe in active management and not passive indexing.
Euro is getting smoked. I hate to tell you I was right, but back when Dubai happened, I remember making the call that it wasn’t going to be an isolated incident while you posted pictures of arab men riding on camels. This thing is for real. After Greece gets resolved, all eyes turn on Portugal, then Spain, then Irelan and Italy and LAtvia, then UK… Long USD vs EUR is the trade right now.
[quote=NYCTrader]
[quote=Shania Twain]dunno[/quote]
I hate to tell you I was right, but back when Dubai happened, I remember making the call that it wasn’t going to be an isolated incident while you posted pictures of arab men riding on camels. This thing is for real. After Greece gets resolved, all eyes turn on Portugal, then Spain, then Irelan and Italy and LAtvia, then UK… Long USD vs EUR is the trade right now.[/quote]
spx down 8% after a run from 667 TO 1150 and you’re right?
come on…Friday intra day all you bears get
Latvia. DO NOT MENTION LATVIA.
PLEASE
latvia…omg
(this country debt crap is totally retarded. stupid.)
[quote=Shania Twain]hello…Greece means nothing to market
just to CNBC. it’s funny
[/quote]
Shania, it’s not just Greece. Are you living under a rock? Have
looked at the debt to GDP ratios of some of these European countries?
You can deny it all you want because it doesn’t fit into your bullish
investment thesis, but this is unprecedented and will have global
ramifications.
Greece does matter. I sat on a fixed income conference earlier this week and learned a new terminology (when discussing this subject): PIIGS (the countries most likely to be in the same situation (like BRIC): Portugal Ireland Italy Greece Spain
[quote=NYCTrader]
looked at the debt to GDP ratios of some of these European countries?
[/quote]
yes. Take a look at these ratios in 2007 and 1997 and 1987…
western europe are socialist…hello.
missed 2000 bubble
missed 2008 bubble
they wont get me again…Im gonna find next bubble…
so idiots make one up.
leh aint greece
They will restructure
(increase term) of Greece’s debt.
Slap their hand.
countries will tighten belt and lower spending (look at US, even Obama talking about spending cuts)
cycles cycles
non-event
ice put it best a few post’s back.
companies go chap 11
cycles cycle
strong get stronger
weak die
life goes on
extend terms of weaker NATIONs
non-event
hell.
I bet tea party legit.
people sick of govt spending
this is all good
cycles cycle
(dollar rally and carry trade impacting stocks)
greece means nada to stocks
[quote=Shania Twain] [quote=NYCTrader]
looked at the debt to GDP ratios of some of these European countries?
[/quote]
yes. Take a look at these ratios in 2007 and 1997 and 1987…
western europe are socialist…hello.
missed 2000 bubble
missed 2008 bubble
they wont get me again…Im gonna find next bubble…
so idiots make one up.
leh aint greece
They will restructure
(increase term) of Greece’s debt.
Slap their hand.
countries will tighten belt and lower spending (look at US, even Obama talking about spending cuts)
cycles cycles
non-event
ice put it best a few post’s back.
companies go chap 11
cycles cycle
strong get stronger
weak die
life goes on
extend terms of weaker NATIONs
non-event
[/quote]
Keep telling yourself it’s a non-event.
[quote=Wet_Blanket]Greece does matter. I sat on a fixed income conference earlier this week and learned a new terminology (when discussing this subject): PIIGS (the countries most likely to be in the same situation (like BRIC): Portugal Ireland Italy Greece Spain[/quote]
You work in compliance, right?
I’ll give you a pass on not ever hearing the term PIIGS until this week based on the fact that you don’t run money for anyone.
[quote=NYCTrader]
Keep telling yourself it’s a non-event.
[/quote]
market will tell us.
bulls made stand just when they needed too
1044 looks like bottom for u bears
i’m betting new highs
please dont mention Latvia again.
what was freak show’s name on Taxi? i think of him.
where the F is latvia anyway?
[quote=Shania Twain] [quote=NYCTrader]
Keep telling yourself it’s a non-event.
[/quote]
market will tell us.
bulls made stand just when they needed too
1044 looks like bottom for u bears
i’m betting new highs
please dont mention Latvia again.
what was freak show’s name on Taxi? i think of him.
where the F is latvia anyway?
[/quote]
You’re think of Latka. Andy Kaufman.
[quote=mlgone]
[/quote]
funny
thats the cream of the crop. dont they sell these women online?
good news in last month
earnings rocking
spx $80ish plus
brown win SO big
obama humbled and moving to center
china data rockin
new highs soon.
CNBC: The Greece Crisis.
bawhhahahahahahahhahahahahahha
buy
buy buy buy buy buy buy Stocks go up over time!!!!!!!!!!!!!!!!!!!!!!!!!! As long as you ignore Japan and the original DOW 30. 29 of them already went bye bye and GE is the last to stand, and if GE is identifying where the DOW is going, you are looking at DOW 4000. buy buy buy buy buy buy BRIC suckas! bwahahahahahahahahahahahahahah![quote=howboutshoeshine] buy
buy
buy
buy
buy
buy
Stocks go up over time!!!
As long as you ignore Japan and the original DOW 30. 29 of them already went bye bye and GE is the last to stand, and if GE is identifying where the DOW is going, you are looking at DOW 4000.
buy
buy
buy
buy
buy
buy
BRIC suckas!
bwahahahahahahahahahahahahahah![/quote]
check trim tabs
those stats are truly AMAZING since March lows
has NEVER happened before
small guy so MF bearish
The crowd
The peanut investor
The little guy
Is SO scared and bearish
AND YOU ARE ON HIS SIDE.
THINK ABOUT THIS A SECOND, SHINE, NYC ETC.
YOUR WITH THIS GUY?
THE BIGGEST LOSER IN THE HISTORY OF THE PLANET
HE WONT GET CAUGHT THIS TIME.
HE IS OUT FOR THE NEXT BUBBLE
OR SO SCARED FROM 02 AND 08
SINCE THE TULIP MANIA, THIS MF HAS BEEN DEAD WRONG.
ALWAYS. LIKE THE SUN COMING UP
HE GETS CRUSHED
AND YOU’RE WITH HIM.
THIS GUY IS GONNA BE RIGHT?
NOPE
HE GONNA GET KILLED. LIKE HE ALWAYS DOES
YOUR ON THIS GUYS BANDWAGON?
THINK ABOUT YOUR STUPID CLIENTS. THE GUYS ALWAYS WRONG
THE GUYS CALLING DAILY TO BAIL IN MARCH
WHAT ARE THEIR THOUGHTS?
SCARED AND BEARISH…DUH
THIS GUY GONNA BE RIGHT?
NOT A MF CHANCE
DUH
STOCKS ARE SUPPLY AND DEMAND. NO MORE NO LESS
The AAII Survey was mostly Bearish this week, with 51.88% of our members feeling negative. 26.75% were Bullish.
this GUY GONNA BE RIGHT?
[quote=Shania Twain] [quote=mlgone]
[/quote]
funny
thats the cream of the crop. dont they sell these women online? [/quote]
Seriously, I love that Austrian girl.
[quote=Shania Twain]good news in last month
earnings rocking
spx $80ish plus
brown win SO big
obama humbled and moving to center
china data rockin
[/quote]
Shania, I’d be careful putting your faith in the data released by a communist regime.
You need to buy American. Put your faith in the Greenback. Go long USD…
One_US_dollar_note_0127_22.jpg1600×710