A little perspective gentlemen:
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Dow Jones Industrial AverageINDU (INDEX) 12,861Change:-167.45-1.29%Volume:272.76M <TABLE><TBODY><TR><TD>delayed quote data</TD></TR><TR><TD>4:03pm 8/15/2007</TD></TR></TBODY></TABLE>
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Dow Jones Industrial AverageINDU (INDEX) 12,861Change:-167.45-1.29%Volume:272.76M <TABLE><TBODY><TR><TD>delayed quote data</TD></TR><TR><TD>4:03pm 8/15/2007</TD></TR></TBODY></TABLE>
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$10,932.25 $14,790.69 other...</TD></TR><SCRIPT>function changeImage(){ document.formChart.submit(); //document.images.chartImg.src=drawDhtml();}function changeHidSymb(){ document.formChart.symb.value = document.nc_symb.symb.value;}</SCRIPT><TR><TD class=tb02 vAlign=top>Time:
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This is not a time to sit back and hope for the best seymour the risk in the system right now is too great granted i've been shouting this at people for months as the markets continued to climb (also in inflationary terms the markets at its peak were no where near its 2000 high). Market has gone down quite substantially in real dollar terms for the last 7 years taken as a whole. Stock market just one big casino in the end and in its current state I think risk/reward wise you are better off playing craps than you are being long the markets.
People don't realize the stock market is a gamble. It's just one big ass casino. Just keep playing table max's in blackjack. You'll achieve the same results--or better. When you say SELL SELL SELL then obviously when EVERYONE SELLS and u say "i told you so" it's redundant. If I say BUY BUY BUY and people buy... it makes no sense to say "SEE, THE PRICE WENT UP!!! OH MAN, I AM A GENIUS". Christ, the American Dream... suckered you all.
A little perspective gentlemen:
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Dow Jones Industrial AverageINDU (INDEX) 12,861Change:-167.45-1.29%Volume:272.76M <table><tbody><tr><td>delayed quote data</td></tr><tr><td>4:03pm 8/15/2007</td></tr></tbody></table>
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lol thanks for the education
you just took a complex issue and simplified for us dumbfuks
who cares about inflation and the money supply when the stocks are going up
uppy:I'm not really a believer of this doomsday stuff - I've been told all that is going on is a repricing of debt - in the upcoming days, weeks or months there will be good opportunities to reinvest and those that due will get rewarded - look at baseheads chart - it does not lie - markets grow over an extended period of time - buying in at the bottom is pure luck so I sit still until the volatility decreases.
How bout profits and consumer spending? How bout wage growth,productivity growth,real disposable income growth all in the face of inflation,albeit tepid and the every weakening dollar.
Its a fucking two year chart knucklehead.No matter how you slice it the economys been robust for an extended period of time.Much longer than the two years here.It is simple.Pullback normal and prolonged but obviously not for the weak minded or weak stomached.Obviously wont be the end of the world.
You act like you dont need things simplifed.
Its a fucking two year chart knucklehead.No matter how you slice it the economys been robust for an extended period of time.Much longer than the two years here.It is simple.Pullback normal and prolonged but obviously not for the weak minded or weak stomached.Obviously wont be the end of the world.
You act like you dont need things simplifed.
This isn't about the past this is about the future. Past history is of no use, what is of use as an investor is asking does the investment climate look good going FORWARD yes or no.
What happens to these so called profits now that people can no longer spend beyond their means now that the credit markets are coming to a screeching halt and the housing market is in collapse. Also alot of the profits were bolstered due to international companies selling their stuff overseas as the dollar goes to crap. Now that we are having a credit crunch the dollar the past few days has been going up in value. Gold stocks have been getting trashed (they usually crash just as hard if not harder when a full out market collapse comes) although the metal itself is holding its own so far.
Also beyond that what about the rampant stock buy backs and merger and acquisition activity that has been bolstering the markets for years now. The easy credit days are gone and these companies are now stuck with gobs and gobs of debt.
Also this isn't just a US real estate issue there is so much else going on but i'll name a few. Hell the UK real estate bubble is probably bigger than ours. Globally you have bubbles all over the place. China will be sitting with so much overcapacity once we can no longer suck up the excesses of their lead tainted toys. India basically has the tech valley part II going on right now. Countries like brazil, mexico, austrailia have flourished on booming commodity prices that are now collapsing (base metals such as nickel, copper etc are falling hard.)
:lolBIG: :lolBIG:
Geezus bro, no need to get militant on us. :smoking:
arty:Recession is just part of the cycle. What goes up eventually goes down. Bubbles burst (remember the tulip bubble burst in the Middle Ages?) It's about time. Thanks for the "perspective" that all of unedumacated folks really needed!
It's just shit like funding a war completely on debt and basically fudging it out of the nat'l debt, in fact funding an entire gov't on fucking debt, raiding various trust funds, and turning a surplus into an economic black hole gives some of us "dumbfucks" reason to be concerned, especially at the dumb ass leadership running this show (that includes Dems in Congress too, but the Dumbya, dumb-ass cadre takes the cake.)
In the spirit of "bi-partisanship", LOL, I'm gonna lower my "floor" estimate to 12,100....since you iz a brutha, I'll give you a "hedge". Kinda like adjusting the strokes after the front 9.
:toast:
Bottom line the only bullish arguement i've been able to get from anybody for the past few months is pointing to long term charts or talking about the past. There is no rational reasoning or explaination as to why we will be just fine going forward other than saying i'm a bag holder and things have been okay in the past so why won't it continue.
i didn't say anything about nestle. What i was laughing at is the fact that there are now only 3 AAA rated companies in the WORLD. just goes to show you how debt ridden the worldwide corporations are right now
...on another note i know i keep hammering on this yen carry trade but my lord the unwinding is non stop hedgies rushing for the exits....yen up another 1% or so vs. the kiwi since US markets closed.
just for those not familiar....what went on for a super long time is people sold yen with interest rates at .5% and bought kiwi (new zealand) or some other strong currency that has 7-8% interest rates. All is fine and dandy and its free money as long as the yen continues to fall in value but once it starts spiking in value its a mad rush to unwind these unsustainable positions.
If and when the Fed cuts the rate what do you suppose the impact will be?
I realize the rates arent really even an issue now but when viewed as an impetus for investment the effects will be overwhelmingly positive.Especially if these good companies continue to cheapen with the bad ones for a spell.
