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Airline Pilot to eat his Internet Hat

Discussions about the economic and financial ramifications of hydrocarbon depletion.

Re: Airline Pilot to eat his Internet Hat

Unread postby Sys1 » Tue 28 Feb 2012, 16:26:42

OilFinder : You are a little bit childish, don't you think?
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Re: Airline Pilot to eat his Internet Hat

Unread postby copious.abundance » Tue 28 Feb 2012, 17:38:05

Sys1 wrote:OilFinder : You are a little bit childish, don't you think?

I would say that proclaiming that the stock market wasn't going to rise much further, and then saying you will eat your internet hat if it reaches 13,000, then 2 years later when it actually does reach 13,000, and then failing to show up here and admit like a man, "OK I was wrong, I'll eat my internet hat," is childish.
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Airline Pilot to eat his Internet Hat

Unread postby Cloud9 » Tue 28 Feb 2012, 18:03:44

The market should have crashed. Less we forget Zimbabwe had the best performing market in the world.
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Re: Airline Pilot to eat his Internet Hat

Unread postby ralfy » Wed 29 Feb 2012, 01:22:31

Easy to make a stock market rise: just throw in some more funny money.
http://sites.google.com/site/peakoilreports/
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ECB prepares to loan 500bn euros to European banks

Unread postby dolanbaker » Wed 29 Feb 2012, 05:33:09

ralfy wrote:Easy to make a stock market rise: just throw in some more funny money.


Yes quite!
http://www.bbc.co.uk/news/17198835
The European Central Bank is readying another round of low interest loans for Europe's banks that could top 500bn euros (£423bn, $673bn).

On Wednesday it will hold its second long-term refinancing operation (LTRO), an opportunity for Europe's banks to borrow money at low interest rates.

The first round was carried out on 21 December when banks borrowed 489bn euros.

The programme is credited with restoring confidence in Europe's banks.

"In some cases, time has been bought that will enable banks to work through their difficulties," said Bridget Gandy, in a report by the credit rating agency Fitch.

But Fitch warned that for some smaller banks, it is only the ECB funding that is keeping them afloat.

"For other already low-rated banks, the long-term refinancing operation's life-support is merely stalling their demise."
Ronald Coase, Nobel Economic Sciences, said in 1991 “If we torture the data long enough, it will confess.”
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Re: Airline Pilot to eat his Internet Hat

Unread postby TheAntiDoomer » Tue 13 Mar 2012, 10:51:53

13,062!!!!

Image
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Re: Airline Pilot to eat his Internet Hat

Unread postby Cloud9 » Tue 13 Mar 2012, 11:18:10

Really, tell it to the Irish that died in the Potato Famine or to the third Western Europe that succumbed to the Black Death or to the Japanese that perished in the tsunami. If you tend to ignore the hundreds of thousands that did not make it through the bottle neck, then yes, it all works out eventually for the survivors.
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Re: Airline Pilot to eat his Internet Hat

Unread postby dolanbaker » Tue 13 Mar 2012, 12:27:28

Yes, But these survivors are on the other end of the ship!
http://youtu.be/qNi1sevKNd0
Ronald Coase, Nobel Economic Sciences, said in 1991 “If we torture the data long enough, it will confess.”
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Re: Airline Pilot to eat his Internet Hat

Unread postby dinopello » Tue 13 Mar 2012, 12:58:16

TheAntiDoomer wrote:13,062!!!!


Only 1000 more to go to be back where it was 5 years ago (ignoring inflation) ! Woohooo!
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Re: Airline Pilot to eat his Internet Hat

Unread postby TheAntiDoomer » Tue 13 Mar 2012, 15:02:15

dinopello wrote:
TheAntiDoomer wrote:13,062!!!!


Only 1000 more to go to be back where it was 5 years ago (ignoring inflation) ! Woohooo!


13,170!!!!! we are getting there! :-D

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"The human ability to innovate out of a jam is profound.That’s why Darwin will always be right, and Malthus will always be wrong.” -K.R. Sridhar


Do I make you Corny? :)

"expect 8$ gas on 08/08/08" - Prognosticator
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Re: Airline Pilot to eat his Internet Hat

Unread postby TheAntiDoomer » Tue 13 Mar 2012, 15:12:01

Dow Closes Above 13,000 and Nasdaq Closes Above 3,000 — First Time Ever for Both at the Same Time

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Last edited by TheAntiDoomer on Tue 13 Mar 2012, 15:13:22, edited 2 times in total.
"The human ability to innovate out of a jam is profound.That’s why Darwin will always be right, and Malthus will always be wrong.” -K.R. Sridhar


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Re: Airline Pilot to eat his Internet Hat

Unread postby copious.abundance » Tue 13 Mar 2012, 15:12:46

Still no appearance by AP.

Image

Silence speaks volumes, I suppose.
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Airline Pilot to eat his Internet Hat

Unread postby Plantagenet » Tue 13 Mar 2012, 15:52:41

TheAntiDoomer wrote:[
Image


Is the money raining down on Obama supposed to symbolize superfund donations from Big Banks and Wall Street Traders?
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Re: Airline Pilot to eat his Internet Hat

Unread postby TheAntiDoomer » Tue 13 Mar 2012, 15:58:37

^For me its represents a President who has taken us from DOW 6500 to DOW 13,170 :-D
"The human ability to innovate out of a jam is profound.That’s why Darwin will always be right, and Malthus will always be wrong.” -K.R. Sridhar


Do I make you Corny? :)

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Re: Airline Pilot to eat his Internet Hat

Unread postby Plantagenet » Tue 13 Mar 2012, 16:09:48

TheAntiDoomer wrote:^For me its represents a President who has taken us from DOW 6500 to DOW 13,170 :-D


Obama has also taken us from gas at a $1.95/gallon to gas at $4.00/gallon in the USA and still going up. Based on the last two times gas prices have moved up like this (2008 and 2011) I wouldn't be surprised to see a rather nasty haircut in the markets come as a response to the dramatic increases in oil prices..

We’re leaving behind a sovereign, stable and self-reliant Iraq
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Unfortunately, the Fed can't print oil
---Ben Bernanke (2011)
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Re: Airline Pilot to eat his Internet Hat

Unread postby Serial_Worrier » Tue 13 Mar 2012, 16:33:21

TheAntiDoomer wrote:^For me its represents a President who has taken us from DOW 6500 to DOW 13,170 :-D


Explain me how that benefits the 99%. Sure the 1% are making out like gangsters, but that's to be expected...
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Re: Airline Pilot to eat his Internet Hat

Unread postby AirlinePilot » Wed 28 Mar 2012, 16:24:35

It took almost 2 years and then only because the Fed, The US Government and the Global banking institutions are piling up the largest debt loads in history. All in some desperate and sure to fail effort at staving off a collapse. The trajectory cannot continue indefinitely and it should be becoming obvious that growth is seriously anemic. Without ROBUST growth the outcome will be both inevitable and uncontrollable, but be my guest and believe otherwise. I really dont care to play the silly games OF does.

I would also submit the fact that many folks in the financial world are nothing less than dumbfounded at our governments ability to keep the Ponzi afloat. I believe my hat will remain intact as my prediction held. I would also suggest that if one is honest about it there appears to be serious resistance at the 13,000 level. The core premise that I am operating under is still valid. The present market valuations are false, the debt loads of most of the developed western nations are at an untenable state and continuing to loosen monetary policy will only end one way.

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Re: Airline Pilot to eat his Internet Hat

Unread postby copious.abundance » Wed 28 Mar 2012, 16:42:08

^
EXACTLY the same kind of stuff you were saying MORE THAN two years ago! And yet .... you were still wrong.
OilFinder2 wrote:BTW, speaking of AP, I'm browsing through the stock market thread, and around Sept-Oct 2009 he really started getting ... nervous. Total denial. :lol: Lots of doozies around ppg 55 through the sixties. For example, this one
AirlinePilot wrote:... If you stay in this market be forewarned..no country which has embarked on the monetary policy which we are currently engaged has sustained the kind of market moves we have seen in the last year. The markets are being manipulated and artificially propped up by an unsustainable effort which at some point will fail. There is Fraud here the likes of which no one has ever seen and investing your hard earned money into this giant Ponzi scheme is riskier and stupider than ever. They want you to feel left out so you can throw it all right into their pockets. I'm not fooled by it, but so many will be....

[...]

And even after you went through a long diatribe about those same issues, you nevertheless said:
AirlinePilot wrote:OF, you have had the wool successfully pulled over your eyes. Short term does not a market make. You can come back here next year or in 18 months when the market is at 13000 and I'll eat my internet hat!

You're not a particularly honorable guy. You made a promise, and now you're breaking it. :badgrin:
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Airline Pilot to eat his Internet Hat

Unread postby copious.abundance » Tue 01 May 2012, 17:22:13

AirlinePilot wrote: I would also suggest that if one is honest about it there appears to be serious resistance at the 13,000 level.

I would suggest that if one is honest about it there appears to be serious support at the 13,000 level!

Dow hits 4-year high, lifted by ISM factory data
(Reuters) - The Dow closed at its highest level in more than four years on Tuesday after U.S. manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery.

The Dow now sits at levels not seen since December 2007. The gains leave the benchmark S&P 500 within about 16 points of a high reached in May 2008. A convincing break above that level could set the market up for more gains, traders said.

"That's where a lot of traders' eyes are right now - it might be tough to get through there the first time," said Michael James, senior trader at Wedbush Morgan in Los Angeles.

But the Nasdaq sold off sharply into the close on weakness in Apple (AAPL.O) and BlackBerry maker Research in Motion (RIMM.O) in a sign the market could struggle to make further headway in the short-term.

The Institute for Supply Management said U.S. manufacturing growth came in at its strongest rate in 10 months in April. That reading suggested the economy remains resilient after indications it had lost momentum at the start of the second quarter.

[...]
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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Re: Airline Pilot to eat his Internet Hat

Unread postby copious.abundance » Thu 06 Sep 2012, 15:29:00

OilFinder2 wrote:
AirlinePilot wrote: I would also suggest that if one is honest about it there appears to be serious resistance at the 13,000 level.

I would suggest that if one is honest about it there appears to be serious support at the 13,000 level!

Ahem.

>>> 13,292 <<<
Stuff for doomers to contemplate:
http://peakoil.com/forums/post1190117.html#p1190117
http://peakoil.com/forums/post1193930.html#p1193930
http://peakoil.com/forums/post1206767.html#p1206767
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