sell! sell! sell!

[tiznow]

What the don't fight the fedders don't realize is how much the massive Chinese stimulus building bridges to nowhere/ghost cities etc helped in the reflationary effort

unless they unleash another campaign of that which they don't seem to be .... reflationary efforts via printing from these levels will we futile ... And the fed has to now deal with treasury yields being much lower so they get less bang for their buck

All Ben did in the end was push the day of reckoning out to a further date...

--------

Yeah getting hung up at 1275 as expected ... There are other resistencia points in the 1200s... Probably will take some time to get sub 1200....

 

[tiznow]

"sidelines" thinking is bs IMO... Money is sitting in hoards of treasuries ... If that all yanks out fast... We get in deep shot as rates rise and burden of our debt rises

We have lived beyond our means for way too long and "they" are systematically destroying the strong middle class that made this country what it is..

Long road ahead till the end ...

 

[CHOPTALK]

I asked the question the other day about the endgame.
I still dont really know what you mean is going to happen once the scheme implodes.

Once everything crashes and doomsday comes what will this mean for us?
I still cant quite figure out what this means for me and you in general.

 

[tiznow]

It will be a reequalization for society as a whole... All "they" are trying to do is maintain the status quo and protect the elites interests ... There will be many more world revolutions and general chaos...

The ones who stand to lose the most are those who already have the most

The ones who stand to lose the least are those who already have nothing

-----

The average joe who owns no stocks and having trouble finding a job won't be effected much if anything his plight will improve as necessities such as food and gas tumble in price

While the rich who own a large chunk of equity and other wealth will lose the most ...

 

[tiznow]

Obviously some rich will be able to navigate this minefield and come out the other end smelling like roses I'm just talking as a whole... And more of the uber warren buffet type wealth ... For guys like that there is nowhere to hide ... He cant just throw his arms up and say im out time to hide in gold and treasuries .... All he can do is be an Obama whore to try to protect the status quo...

Somebody holds equity A at all times ... It's not being held by some poor guy scraping to get by ... And of the overall number of equity A shares out there chances are It's held by somebody with a good deal of wealth ...

 

[CHOPTALK]

good deal. Thats not quite as gloomy as I thought.

 

[snoop]

"sidelines" thinking is bs IMO... Money is sitting in hoards of treasuries ... If that all yanks out fast... We get in deep shot as rates rise and burden of our debt rises

We have lived beyond our means for way too long and "they" are systematically destroying the strong middle class that made this country what it is..

Long road ahead till the end ...

Also, 1/3 if not more corporate cash are in foreign currencies. They convert to US$ for reporting purpose only. They're useless to US economy. Apple is holding ton of Chinese yuan in its bank account in China, essentially, they're a part of China economy.

 

[HuskerFan1]

gold showed today its the 900lb gorilla in the room....i love watching fast money every day and hear them talk technicals and MDA's and all this BS (especially that prick steve cortez, he's wrong more than you tiz)...then gold just does what it does like today and then all these clowns are ignoring what they said yesterday and the last week and month and are now saying to get back into gold....gartman is another one who is off and on like a whore....the only guy on the show with a shit is guy adami

the fed WILL NOT allow deflation, they will NOT let the stock market shit the bed....even though thats what 95% of americans need!!! hence the reason to ALWAYS be long gold and buy on pullbacks....

like i said above in reference to gas being my biggest NDE... id GLADLY take 7K dow 1K gold and $1.50gas it would make my life exponentially easier...."they" wont allow it it will be 14/15K dow 2/2500K gold and $5 gas....

this isnt hard to figure out....tiz i got a laugh when you said you may get your wish and see 1300 gold earlier today...then it spikes its highest amount in 2+ years...

fwiw gold will approach or surpass its all time highs again by the end of 2012.....

 

[HuskerFan1]

'oh and this is one of the best posts ive read in a while....

Dont need printing.
There is trillions on the sidelines.
Printing money dont make money move.

We need the money to move around.
We need demand for goods.

We need incentive for the people who have the money to spend the money.

Stagflation at its best./QUOTE]

 

[snoop]

 

[PatsFan1283]

good deal. Thats not quite as gloomy as I thought.

If even 1/2 of what Tiz expects to happen, happens. Then yes it will be much gloomier than you thought. He is talking double digit UE (at the Gov statistic level), massive asset/currency deflation and probably inflation of durable goods because USD worthless....Basically he is saying late '08 nothing but a sneeze compared to what is to come.

I respect Tiz opinion, but trust me you don't want him to be right at the sake of the opportunity to "buy low"

I prefer snoops take of a few weeks ago or so when he said something to the effect of "Even at its worst, US economy still going to run at 80-90% of what it is now) so stuff like real estate, physical assets and blue-chip stocks are good stores of $.

 

[PatsFan1283]

gold showed today its the 900lb gorilla in the room....i love watching fast money every day and hear them talk technicals and MDA's and all this BS (especially that prick steve cortez, he's wrong more than you tiz)...then gold just does what it does like today and then all these clowns are ignoring what they said yesterday and the last week and month and are now saying to get back into gold....gartman is another one who is off and on like a whore....the only guy on the show with a shit is guy adami

the fed WILL NOT allow deflation, they will NOT let the stock market shit the bed....even though thats what 95% of americans need!!! hence the reason to ALWAYS be long gold and buy on pullbacks....

like i said above in reference to gas being my biggest NDE... id GLADLY take 7K dow 1K gold and $1.50gas it would make my life exponentially easier...."they" wont allow it it will be 14/15K dow 2/2500K gold and $5 gas....

this isnt hard to figure out....tiz i got a laugh when you said you may get your wish and see 1300 gold earlier today...then it spikes its highest amount in 2+ years...

fwiw gold will approach or surpass its all time highs again by the end of 2012.....

your Dow/Gold/Gas scenario probably sounds better on paper than it is. If DOW is 7k and gas is 1.50 well some of your neighbors might not have jobs, thus your neighborhood could go to shit, thus property values could decline rapidly, etc etc. I think some of you people are playing out these doomsday scenarios in your head and thinking oh this ain't gonna be so bad for me and for 4 out of 5 of us yeah it won't but usually for every reaction, equal and opposite reaction as the saying goes.

I personally like my life here in america and don't want to see crime, disenfranchisement, unemployment all go way up...

While Tiz didn't spell it out like that, I am sure he agrees that his "end game" scenario does include these things as a very real and widely spread possibility.

 

[snoop]

Filled two orders today

GOOG 35@$570
MCP 1000@$20

Chiming on about Singapore Pat posted earlier. That tiny little country has gone through lots of radical changes in the last 5 yrs, they legalized gambling, then prostitution. They know damn well that their long-term survival is to rely on tourists. Take Marina Bay Sand for example, it's has been a success story for Singapore and Sheldon Adelson. Sands Singapore and Macau makes up 2/3 of Las Vegas Sands revenue now. When Asian gamble, they're gambling like mad men.

 

[tiznow]

Hunker tell that to the Japanese "they will not allow stock market to fall"

Been "printing" alot longer to no avail

Snoop not talking apple but overall corporate cash is meaningless when u factor in the debt.... And Ben let them borrow "cheap" won't be when the crunch comes

 

[snoop]

The Japs have to come up with some extraordinary products FAST to turn its economy around, something like car that can run 100 mpG. Japanese electronics producers are getting their asses whopped by Apple and that's not funny anymore.

 

[tiznow]

Apple putting the pressure on many besides just japs

HP dell rimm to name a few....

Overall in this environment (again ignore apple) Ben created there is no incentive to r&d ... Just do what's working, bread and butter type shit, cut costs, fire people, take on debt and froth numbers buying buying back stock (see IBM)

Unsustainable long term

Not to mention the ever increasing poor population dependent on the government teet

 

[tiznow]

Don't forget about the looming zombie apocalypse

Face eater in Miami, guy in jersey stabbing himself and throwing skin and intestines at cop, Maryland murder followed by heart and brain consumption

Beware!!!!

F'd up world

Walking dead kick ass show btw

If even 1/2 of what Tiz expects to happen, happens. Then yes it will be much gloomier than you thought. He is talking double digit UE (at the Gov statistic level), massive asset/currency deflation and probably inflation of durable goods because USD worthless....Basically he is saying late '08 nothing but a sneeze compared to what is to come.

I respect Tiz opinion, but trust me you don't want him to be right at the sake of the opportunity to "buy low"

I prefer snoops take of a few weeks ago or so when he said something to the effect of "Even at its worst, US economy still going to run at 80-90% of what it is now) so stuff like real estate, physical assets and blue-chip stocks are good stores of $.

 

[PatsFan1283]

Don't forget about the looming zombie apocalypse

Face eater in Miami, guy in jersey stabbing himself and throwing skin and intestines at cop, Maryland murder followed by heart and brain consumption

Beware!!!!

F'd up world

Walking dead kick ass show btw

All kidding aside, I think you agree with my post Tiz....People here how bad things are about to get and think "oh I got xxx in my 401k I'll be able to buy stuff cheap" (not hating on anyone for this mentality as I'm guilty of the same) However it will be a lot worse than that if Dow ever hits 7K again.

 

[tiznow]

If u got a stable job/income, low to no debt, aren't dependent on the gov't teet, and aren't heavily dependent on equities holding afloat u will be fine...

Most Americans today aren't in the above category ...

overall yeah there will be alot of pain to go around ....

Many baby boomers as a whole for instance haven't saved nearly enough for old age and just praying things don't implode...

 

[CHOPTALK]

If u got a stable job/income, low to no debt, aren't dependent on the gov't teet, and aren't heavily dependent on equities holding afloat u will be fine...

Most Americans today aren't in the above category ...

overall yeah there will be alot of pain to go around ....

Many baby boomers as a whole for instance haven't saved nearly enough for old age and just praying things don't implode...

Thankfully to the Lord I am one of those people knock on wood.