Fishead, this is normal when the market is about to crash. Many actually use these flactuations as a sign of what is to come.
Look at what happened to gold shooting up and down between 850-1000 the last couple of months. Now its headed right back up.
Mark my words, those grains will shoot up by end of summer and stay high for a while.
Next year it will be even worse because grains like corn cant be planted back to back.. Lets all pray that this summer is not as bad as some scientists are predicting. (It already is showing signs that it may be worse than expected) Should the sun burn up this years crop like happened last year, then all bets are off. Those invested in grains will be the only ones to afford cereal for breakfast!!!
(no wonder Busch sold out to Inbev, too bad they didnt bother to explain to them the rising prices of hops...But beer is mostly recession proof people will actually buy more of it as they choose to stay at home to drown their sorrows. Cant drive to nascar races, or NFL games, or Vacation spot, only thing left is that BUd...)
what's safe to keep in a bank? FDIC insures 100k per account or per person? I know its 200k for joint accounts
I have two CDs.. one is up in sept and the other Dec.. both for six figures..
does anyone have any advice? I don't want to speak to the financial advisor at the bank because he obviously works for the bank. If anyone here can recommend a financial adviser in the Chicago land area I wouldn't mind getting you a referral fee
I have two CDs.. one is up in sept and the other Dec.. both for six figures..
does anyone have any advice? I don't want to speak to the financial advisor at the bank because he obviously works for the bank. If anyone here can recommend a financial adviser in the Chicago land area I wouldn't mind getting you a referral fee
A lot of soybeans replaced corn this year in Iowa because of the flood.
By the way.........I was almost banned at 2+2 today for posting this..........
What's really funny is that the so called "experts" will tell you that it will surely go up and up because of that is what it has done in the past.........SOMETHING THAT HASN'T EVEN BEEN AROUND FOR 1OO YEARS.
The market MAY NEVER reach it's all-time high again..........and I'm serious as a heart attack when I say this.
This country is one hell of a mess.............if fact, there may indeed be no UNITED STATES ten years or less from now.
Meanwhile these "experts" will continue to tell you that if one thing is certain and that is that stocks will go up over time. COMPLETE BULLCRAP!
Wish I could live to be 200 so I could laugh at these morons.
The DJIA was first published in Customer's Afternoon Letter.<SUP class=reference id=cite_ref-0>[1]</SUP>. It was published on May 26, 1896, and represented the average of twelve stocks from various important American industries. Of those original twelve, only General Electric is currently part of the average. The other eleven were:<SUP class=reference id=cite_ref-1>[2]</SUP>
- American Cotton Oil Company, distant ancestor of Bestfoods, now part of Unilever
- American Sugar Company, now Amstar Holdings
- American Tobacco Company, broken up in 1911 antitrust action
- Chicago Gas Company, bought by Peoples Gas Light in 1897 (now an operating subsidiary of Integrys Energy Group, Inc.)
- Distilling & Cattle Feeding Company, now Millennium Chemicals, a division of Lyondell Chemical Company
- Laclede Gas Light Company, still in operation as The Laclede Group, removed from the Dow Jones Industrial Average in 1899
- National Lead Company, now NL Industries, removed from the Dow Jones Industrial Average in 1916
- North American Company, (Edison) electric company broken up in the 1940s
- Tennessee Coal, Iron and Railroad Company in Birmingham, Alabama, bought by U.S. Steel in 1907
- U.S. Leather Company, dissolved 1952
- United States Rubber Company, changed its name to Uniroyal in 1961, merged private with B.F. Goodrich in 1986, bought by Michelin in 1990
Fish:
Remember what I said on this board months ago and repeated a few times since? As you know, I'm no young sprout and I'll say it again. The current economic condition in this country is the worst I have seen in my lifetime and I have lived through numerous downturns before.
The SF Bay Area is a wide area with over 8 million people residing so it depends on where. As for San Francisco itself with only 750,000 people, both real estate and the job market are pretty stable. One of the most stable in the country. As one begins to move outward to other counties, the job market and real estate are more severely affected depending whether they are in the East Bay, South Bay or North Bay. A lot of people hurting in certain areas.
djmatt,
If it is the same helmut from other places, he is a well-respected and a VERY sharp poster. I'm sure I'm not alone in saying I would love to see him post more often here.
That being said, I will discourage any betting between posters here. Haven't we learned our lessons by now?
I'm sure there is a book out there that will take wagers on this prop or a similar one if it interests you. Hopefully we can keep this thread for discussion of the topic.
If it is the same helmut from other places, he is a well-respected and a VERY sharp poster. I'm sure I'm not alone in saying I would love to see him post more often here.
That being said, I will discourage any betting between posters here. Haven't we learned our lessons by now?
I'm sure there is a book out there that will take wagers on this prop or a similar one if it interests you. Hopefully we can keep this thread for discussion of the topic.
