for comments.
In the year 2000, the DOW reached a high of approx. 11750, as of today it looks like the DOW settled at 12063. Thats a whopping 313 points in 7.5 years!!! Or if you like percentages, 2.66%. Annualized it comes out to about .355% or less than four tenths of one percent per year!!! Unbelievably poor performance. Factor into the equation the non-existent inflation that we have not had since that time and well, you would have been better off earning 1% in a money market, a lot better off. Pretty sad.
.
.
Numerous short and "ultra" short ETF's now exist to profit from falling markets. I own one of these, symbol QID, which goes up 2% for each 1% the Nasdaq market falls. If you need to hedge some stock or mutual fund holdings, you might consider this. Or, if you just believe the market is going to continue to fall outright, own it with no long stock position.
"In order to get a second Great Depression we'd have to have a
monetary
boom which ends with Republican socialist like Hoover screwing things
up with interventionist programs followed by an megalomanic idiot
socialist Democrat like FDR. Not likely to happen twice".
I read this in a 2 year old blog post, I didnt understand it at first but
after dissecting it, it is scary.
"In order to get a second Great Depression we'd have to have a
monetary
boom (The housing bubble) which ends with Republican socialist like
Hoover (compare to Bush) screwing things up with interventionist
programs" (like iraq) "although I believe that
Hoover didnt cause the great depression, he didnt see the signs like america today doesnt, and took the wrong advice making it worse google the smoot-hawley tariff act . )Bush is making it worse with this economic stimulus plan.)
"followed by an megalomanic idiot socialist Democrat like FDR"(Hillary
Clintonlike FDR has big plans that cost a lot of money) Roosavelt started the precursor to the welfare state trying to get us out of the
depression some believe that extended the depression. The end of the
depression was in 1941 the start of WW2 "Not likely to happen twice".
Thats a scary thought a housing bubble,a republican leaving office, a
rescession,a democrat entering office, will the end be WW3. The Great
Depression of the 1930's was actually worldwide we had the worst
unemployment but Germany's economy was the worst, in the height of the
depression the german mark was worth 1 billion to 1 us dollar the mark
was falling so rapidly that your meal would cost you more when you
finished than when you started eating they called it hyperinflation.
This caused Hitler to rise to power.What has Ron Paul been talking
about???? I know read too much but If it happens at least I can say I
knew it, and if it doesnt happen then I am wrong but I know more about
history. One other thing about the great depression that is truley different, people were proud to work thats why Roosavelt had to create the WPA and build dams and highways. Most men were ashamed to take welfare so the government had to put them to work. I dont think that would happen today therefore a depression today would also include a depression in productivity making it that much worse. I hope all my facts are correct I am definately no historian but I believe the more history we know the less mistakes we make.
It's not a perfect comparison, but the same conditions, only worse... ;(
We should have actually been in hyperinflation right now, but the Fed keeps screwing with the balance, artificially trying to keep things stable. What happens when you do that is you put off the market corrections to the point where when they do crash, the correction is worse. It gets even worse when in a fiat system you just keep making more money out of nothing to correct the imbalance.
SoOo.. we've a perfect storm scenario anyways, but the Fed is making the conditions harsher in the end.
That's what Dad tells me in a nutshell... he's had 20 years more experience than me in the markets.
To give you a better idea of how my Dad feels about it, he has taken millions from the banks, thrown them into overseas money, a probably illegal amount of onhand gold, has stocked up guns, a year of nonperishables, and has purchased a small island south of Alaska right on the US/Canadian border.
I'm going to say that it's going to be bad.. but it's just my opinion.
"Citicorp was at 55.50 and has tumbled through its' 2002 lows on awful (and deservedly so) news to rebound off of 22.30 only to slam into strong resistance and a 50 day moving average at 30.00. It is tonight at 27.02 and signaling a home run fat pitch - going down - to retest that low and with any shitty news will bust through it to taste 19.50 and maybe beyond. And....it is an American Bank with rather dodgey morals and business practices. Add to this the recent infusion of decidedly Arabian foreign capital to keep it afloat and it is now setting up to be a tool of usurpation for it's foreign owners once they start the forclosure parade. Ahhh...the selling of our country....oh and least we forget...the sub-prime debacle hasn't even begun to pick up steam...Hmmm...what to do...what to..."
Today
PHLX/KBW BankSector Index having shown the same stochastic home run fat pitch heading down as Citicorp at the close yesterday, opened below its 50 DMA struggled to test above it and then capitulated only to hover above its' 20 DMA and offer more worries as it contemplates finishing a railroad track bearish engulfing pattern reversal on its' Weekly chart. and promises to add absolutely no help to Citicorp which also closed lower on the day and hugs tentatively onto 27.00 as it eyes the 24 level with lusty abandon.
For the non-trader investor type (writer rolls his eyes) , Look to at least one $1,000 face value bag-o--silver coins (appx. $11,700 today) Pershing insured gold held offshore, foreign currency funds and solid foreign equities. What ever you do, get your money the hell out of here! Contrary to some unfathomably weird opinions around here, depression is not only possible...it is coming.
If you are a good trader, you'll get rich as hell. If not, you'll get poor as hell. If you are oblivious, call Peter Schiff...he'll steer you right.
**Civilization is the progress toward a society of privacy. The savage's whole existence is public, ruled by the laws of his tribe. Civilization is the process of setting man free from men. -Ayn Rand- **
the banks are in trouble and the foreign shark friends of the elites are setting themselves up for the kill by pumping on the drop, selling into the rallies and waiting to grab at long term equity positions at the bottom before the foreclosure parade begins. You know...the one whereby they end up with a bunch of America in their possession at rock bottom prices and then inject more cash in to hold it...all under the guise of their white armor riding in to save the day for those silly American bankers. The only way I'd buy this pig is in Leap Puts. Plus..I just plain don't like them.
This isn't the place to be giving long term stock tips...especially when they are a bit overly optimistic...even for a huckabuster. BTW, didn't you buy this pig at 30? Where's your stop set?
**Civilization is the progress toward a society of privacy. The savage's whole existence is public, ruled by the laws of his tribe. Civilization is the process of setting man free from men. -Ayn Rand- **
There have been claims of gold market manipulation, particularly in the last two years. A key reason that the issue remains open is that gold reserves are not comprehensively audited (or only fraction are audited in a given year).
A week or two ago, a group called GATA (who I personally have no experience with, although I do own gold) took out a full page ad in the Wall Street Journal alleging misconduct and gold market manipulation by the US Treasury. If the government "sells" gold into the market during price upswings (through gold swaps and other mechanisms), it depresses the price, giving the appearance that the dollar is stronger than it really is. There are other reasons that gold might be sold, which they detail. I haven't reached an independent judgment about these claims, although they seem credible.
If this is true, it means that the dollar cost of gold we see now is probably lower than a fair market price, which means that gold is relatively cheap today. I am still buying gold, but not just for this reason.
From GATA perspective they are saying if they are successful in bringing certain information out in the open gold should go up to somewhere around $3000 with current economic situation.
but if you go to Youtube you will find many other videos on RP and the message. Some unfavorable but the vast majority are very favorable. The one on the link is one of the better ones in my opinion.
I believe that banking institutions are more dangerous to our liberties than standing armies.The issuing power should be taken from the banks and restored to the people to whom it properly belongs.
Thomas Jefferson
A stock market crash would not get Ron Paul elected....People posted last week if the market crashes we could tell people "Ron Paul told you so" People who are hurting sure don't want to hear" I told you so"..My parents long ago drove me absolutely crazy with the "I told you so" crap...
It's not about "I told you so", not about me vs you, they vs them. We can't reach all of them anyway. It's about people being shaken out of their complacency so they actually begin to think for themselves, and they'll find the message all by themselves. As long as we're not gloating "I told you so" it's a done deal.
Well spoken. I am on here trying to educate people and not trying to make myself feel better because i knew before somebody else. No one person has all the answers but thats why its important to share ideas and news about what's happening and to also try to educate those with less knowledge.
Thats why it's sooo frustrating when people say, "aaaahhh the market will be just fine and so will the economy".
that there is no fool like an old fool. The only thing that I conclude based on your posts, is that you should have persued a different career. Perhaps cleaning bathroom stalls or street sweeping may have been your calling. If you truly do have a PHD, please send it back to the school from which it came. Yep, that means the bubble gum machine at K-Mart. They can reuse it and sell if for another quarter to some other fool.
Wow, still amazed, 60 years to get the education of a monkey. Where do we send our sympathy cards?
that pajamas guy cannot be a Ron Paul supporter because by his own admission he thinks everything is ok and a market crash is impossible. I read through a bunch of his posts and i couldn't help but laugh out loud at his ignorance.
What's really scary is the idea of this clown advising anybody else.
By the way pajamas, where all your money? In which stocks? citigroup? merril lynch? or maybe with the home builders?
and let me guess, you think gold and silver are no good too right?
Thought I would bump this ...
for comments.
In the year 2000, the DOW reached a high of approx. 11750, as of today it looks like the DOW settled at 12063. Thats a whopping 313 points in 7.5 years!!! Or if you like percentages, 2.66%. Annualized it comes out to about .355% or less than four tenths of one percent per year!!! Unbelievably poor performance. Factor into the equation the non-existent inflation that we have not had since that time and well, you would have been better off earning 1% in a money market, a lot better off. Pretty sad.
.
.
Where's the happy little tire swing?
Especially when at the same time...
The value of those dollars fell by 50%
Mike
"Fire Team for Freedom" on revolutionbroadcasting.com
Mondays thru Thursdays Midnight EST
or visit www.mikeandjake.com
Any opinions...
whether the lows reached in March (~11,750) will hold on this next leg down?
Where's the happy little tire swing?
QID up this morning...
almost 2 points so far... TY Boston02115!
And of course, S&P down, gold up...hehe
But the BEST part . . .
is that the '370' number is on Faux's screen as Neo Cavuto interviews Don Luskin:
http://www.youtube.com/wa...
Ok.. Thursday morning!
DJ down -47.88 as of 9:55 EST...
Overseas took a bit of a beating last night as well, although NIKKEA finished out 100 up...
Any bets for today's close?
Too manipulated
Obviously not a barometer of the current economy so anyones guess.
-72.XX
First that popped into head :)
Dunno
Brazil is down 800 as well, FTSE (euro) down 131... I'm temped to go triple numbers today... let's see where our economy goes!
ETF's to profit on downswings or hedge
Numerous short and "ultra" short ETF's now exist to profit from falling markets. I own one of these, symbol QID, which goes up 2% for each 1% the Nasdaq market falls. If you need to hedge some stock or mutual fund holdings, you might consider this. Or, if you just believe the market is going to continue to fall outright, own it with no long stock position.
Here are QID returns plotted against the Nasdaq market:
http://moneycentral.msn.c...
Other short and ultra short funds by the same firm (which I am not affiliated with) are here:
http://www.proshares.com/...
Nice tip...
I'll check it out in the morning.. ty!
We discussed this last night
No crash today, none tomorrow !
It should be an every day thing...
So I'll wake the thread up again tomorrow AM.. ;)
Asian Markets...
Both Hong Kong indexes down over 5% again today. Nikkei down over 4%. Asia is crashing!
And again today
Hong Kong down 1,334 or 5.4%.
And it's early
Should be a fun week.. ;)
and DJ at -64.87
and going....
4:38 EST
Gold sliding back up today... (GLD)
Wonder how Asia fares tonight...
sorry, Im a newbe trying to get my post to the top
"In order to get a second Great Depression we'd have to have a
monetary
boom which ends with Republican socialist like Hoover screwing things
up with interventionist programs followed by an megalomanic idiot
socialist Democrat like FDR. Not likely to happen twice".
I read this in a 2 year old blog post, I didnt understand it at first but
after dissecting it, it is scary.
"In order to get a second Great Depression we'd have to have a
monetary
boom (The housing bubble) which ends with Republican socialist like
Hoover (compare to Bush) screwing things up with interventionist
programs" (like iraq) "although I believe that
Hoover didnt cause the great depression, he didnt see the signs like america today doesnt, and took the wrong advice making it worse google the smoot-hawley tariff act . )Bush is making it worse with this economic stimulus plan.)
"followed by an megalomanic idiot socialist Democrat like FDR"(Hillary
Clintonlike FDR has big plans that cost a lot of money) Roosavelt started the precursor to the welfare state trying to get us out of the
depression some believe that extended the depression. The end of the
depression was in 1941 the start of WW2 "Not likely to happen twice".
Thats a scary thought a housing bubble,a republican leaving office, a
rescession,a democrat entering office, will the end be WW3. The Great
Depression of the 1930's was actually worldwide we had the worst
unemployment but Germany's economy was the worst, in the height of the
depression the german mark was worth 1 billion to 1 us dollar the mark
was falling so rapidly that your meal would cost you more when you
finished than when you started eating they called it hyperinflation.
This caused Hitler to rise to power.What has Ron Paul been talking
about???? I know read too much but If it happens at least I can say I
knew it, and if it doesnt happen then I am wrong but I know more about
history. One other thing about the great depression that is truley different, people were proud to work thats why Roosavelt had to create the WPA and build dams and highways. Most men were ashamed to take welfare so the government had to put them to work. I dont think that would happen today therefore a depression today would also include a depression in productivity making it that much worse. I hope all my facts are correct I am definately no historian but I believe the more history we know the less mistakes we make.
Well
It's not a perfect comparison, but the same conditions, only worse... ;(
We should have actually been in hyperinflation right now, but the Fed keeps screwing with the balance, artificially trying to keep things stable. What happens when you do that is you put off the market corrections to the point where when they do crash, the correction is worse. It gets even worse when in a fiat system you just keep making more money out of nothing to correct the imbalance.
SoOo.. we've a perfect storm scenario anyways, but the Fed is making the conditions harsher in the end.
That's what Dad tells me in a nutshell... he's had 20 years more experience than me in the markets.
To give you a better idea of how my Dad feels about it, he has taken millions from the banks, thrown them into overseas money, a probably illegal amount of onhand gold, has stocked up guns, a year of nonperishables, and has purchased a small island south of Alaska right on the US/Canadian border.
I'm going to say that it's going to be bad.. but it's just my opinion.
DJ at -26.58
as of right now.. expected to continue sliding down rest of the day
3:07 EST .. ;)
Futures at -345.00
2:15pm Central Time.
the market isn't doing badly today
Up 100 points so far
Citicorp
Yesterday's post
"Citicorp was at 55.50 and has tumbled through its' 2002 lows on awful (and deservedly so) news to rebound off of 22.30 only to slam into strong resistance and a 50 day moving average at 30.00. It is tonight at 27.02 and signaling a home run fat pitch - going down - to retest that low and with any shitty news will bust through it to taste 19.50 and maybe beyond. And....it is an American Bank with rather dodgey morals and business practices. Add to this the recent infusion of decidedly Arabian foreign capital to keep it afloat and it is now setting up to be a tool of usurpation for it's foreign owners once they start the forclosure parade. Ahhh...the selling of our country....oh and least we forget...the sub-prime debacle hasn't even begun to pick up steam...Hmmm...what to do...what to..."
Today
PHLX/KBW BankSector Index having shown the same stochastic home run fat pitch heading down as Citicorp at the close yesterday, opened below its 50 DMA struggled to test above it and then capitulated only to hover above its' 20 DMA and offer more worries as it contemplates finishing a railroad track bearish engulfing pattern reversal on its' Weekly chart. and promises to add absolutely no help to Citicorp which also closed lower on the day and hugs tentatively onto 27.00 as it eyes the 24 level with lusty abandon.
For the non-trader investor type (writer rolls his eyes) , Look to at least one $1,000 face value bag-o--silver coins (appx. $11,700 today) Pershing insured gold held offshore, foreign currency funds and solid foreign equities. What ever you do, get your money the hell out of here! Contrary to some unfathomably weird opinions around here, depression is not only possible...it is coming.
If you are a good trader, you'll get rich as hell. If not, you'll get poor as hell. If you are oblivious, call Peter Schiff...he'll steer you right.
**Civilization is the progress toward a society of privacy. The savage's whole existence is public, ruled by the laws of his tribe. Civilization is the process of setting man free from men. -Ayn Rand- **
BUY
CITICORP
It's a dog that won't hunt...people are waking up
the banks are in trouble and the foreign shark friends of the elites are setting themselves up for the kill by pumping on the drop, selling into the rallies and waiting to grab at long term equity positions at the bottom before the foreclosure parade begins. You know...the one whereby they end up with a bunch of America in their possession at rock bottom prices and then inject more cash in to hold it...all under the guise of their white armor riding in to save the day for those silly American bankers. The only way I'd buy this pig is in Leap Puts. Plus..I just plain don't like them.
This isn't the place to be giving long term stock tips...especially when they are a bit overly optimistic...even for a huckabuster. BTW, didn't you buy this pig at 30? Where's your stop set?
**Civilization is the progress toward a society of privacy. The savage's whole existence is public, ruled by the laws of his tribe. Civilization is the process of setting man free from men. -Ayn Rand- **
Check Again
Also, remember there is such a thing as the Plunge Protection Team. They have been very active as of lately.
Don't the PPT
have the ability to manipulate the price of gold too?
Gold market manipulation
There have been claims of gold market manipulation, particularly in the last two years. A key reason that the issue remains open is that gold reserves are not comprehensively audited (or only fraction are audited in a given year).
A week or two ago, a group called GATA (who I personally have no experience with, although I do own gold) took out a full page ad in the Wall Street Journal alleging misconduct and gold market manipulation by the US Treasury. If the government "sells" gold into the market during price upswings (through gold swaps and other mechanisms), it depresses the price, giving the appearance that the dollar is stronger than it really is. There are other reasons that gold might be sold, which they detail. I haven't reached an independent judgment about these claims, although they seem credible.
If this is true, it means that the dollar cost of gold we see now is probably lower than a fair market price, which means that gold is relatively cheap today. I am still buying gold, but not just for this reason.
http://www.worldnetdaily....
http://www.gata.org/node/...
Thanks for the input
From GATA perspective they are saying if they are successful in bringing certain information out in the open gold should go up to somewhere around $3000 with current economic situation.
Affirmative - and in a BIG way
www.lemetropolecafe.com - Bill Murphy's daily Midas string will detail all of the Gold Cartel's daily shenanigans. He has a two week free trial.
tomorrow?
It will be very interesting to see if any of this mess spills over tomorrow into wall street. Personally i think it will but we'll see.
what will the fed do when they run out of basis points to cut?
maybe they can try raising 10 basis points and see if that works? lol
Classic Ron Paul
You should watch
http://www.youtube.com/wa...
even if you don't care about the markets.
Better Paul economy
'I always think of all you canvassors and precinct leaders at the front line.
Good luck out there &Thank you. It's appreciated'.-fip
This is a very good RP economy video;
http://video.google.co.uk...
WOW- THAT WAS AWESOME
Am I late to the party - did that already headline Daily Paul awhile back because that is one of the best RP videos I've seen.
THANKS
I don't know if it Headlined on Daily Paul awhile back
but if you go to Youtube you will find many other videos on RP and the message. Some unfavorable but the vast majority are very favorable. The one on the link is one of the better ones in my opinion.
Good article
http://www.cnbc.com/id/23...
Stay away from getting advice from folks like yahoo
ASIA
Down Hard
http://bloomberg.com/apps...
Just wanted to remind everyone what it is like
Watch
http://www.youtube.com/wa...
World markets right
World markets right now.
http://money.cnn.com/data...?
I believe that banking institutions are more dangerous to our liberties than standing armies.The issuing power should be taken from the banks and restored to the people to whom it properly belongs.
Thomas Jefferson
.
.
Stock market hard crash
...and Ron Paul is elected.
Naturally leads to the thought we all sell, wait, was that my outside voice?
Hmm... would a market crash be a good enough excuse for
Martial Law ???
Sorry
A stock market crash would not get Ron Paul elected....People posted last week if the market crashes we could tell people "Ron Paul told you so" People who are hurting sure don't want to hear" I told you so"..My parents long ago drove me absolutely crazy with the "I told you so" crap...
Nah
It's not about "I told you so", not about me vs you, they vs them. We can't reach all of them anyway. It's about people being shaken out of their complacency so they actually begin to think for themselves, and they'll find the message all by themselves. As long as we're not gloating "I told you so" it's a done deal.
well said
Well spoken. I am on here trying to educate people and not trying to make myself feel better because i knew before somebody else. No one person has all the answers but thats why its important to share ideas and news about what's happening and to also try to educate those with less knowledge.
Thats why it's sooo frustrating when people say, "aaaahhh the market will be just fine and so will the economy".
I guess some people can never be helped:(
I have
A PHD in economics and 60 years experience, go educate someone else !
Well pajeff2, that confirms.....
that there is no fool like an old fool. The only thing that I conclude based on your posts, is that you should have persued a different career. Perhaps cleaning bathroom stalls or street sweeping may have been your calling. If you truly do have a PHD, please send it back to the school from which it came. Yep, that means the bubble gum machine at K-Mart. They can reuse it and sell if for another quarter to some other fool.
Wow, still amazed, 60 years to get the education of a monkey. Where do we send our sympathy cards?
He's either a troll or a
He's either a troll or a particularly inept disinformation agent. Let him go down with his Titanic of an economy and his delusions.
jackass troll pajamas
that pajamas guy cannot be a Ron Paul supporter because by his own admission he thinks everything is ok and a market crash is impossible. I read through a bunch of his posts and i couldn't help but laugh out loud at his ignorance.
What's really scary is the idea of this clown advising anybody else.
By the way pajamas, where all your money? In which stocks? citigroup? merril lynch? or maybe with the home builders?
and let me guess, you think gold and silver are no good too right?
I hope he's the CEO of MBIA
I hope he's the CEO of MBIA or Countrywide! Too bad they would never have the honor to "go down with the ship"!