ROFLLOLERCAKES (insert other meme here)
Actually, many people believe the market is reacting to Obama's "stimulus" bill. So no, you cant say it would have been exactly the same. Did you even read the news today?
As far as sniping quotes, I dont know what to tell you about that. I didnt change content, so I dont think it is "dishonest"
First
Lifer
- Jun 3, 2002
- 10,518
- 271
- 136
Given the volatility of the last 5-6 months and what that indicates historically, this is a great time to buy stocks and a home. Can't wait to get enough for a down payment in LA later this year. Though I'm personally wondering what the next tech revolution will look like, it's usually during recessions that we see all sorts of new ideas explode onto the scene.
- Sep 29, 2000
- 70,150
- 5
- 0
Futures are down substantially. I've been watching these for months and they rarely get much more than 100 or so down, even on the days we've seen a huge drop (I know they hit their limit one of those days a while back, though). That's where they are today (130 or so). From time to time the futures will be way down and the day finishes up, however.
US markets usually track European markets. not exactly, but the general direction.
and European markets are down about 3% Friday.
and European markets are down about 3% Friday.
halik
Lifer
- Oct 10, 2000
- 25,696
- 1
- 81
Actually futures tend to be down sharply if europe and asia closes down and there are no news here (especially early in the morning, then news start to move em). I'd bet that dow is gonna trade sideways, comparatively speaking we're a lot better off now than back in November. But then again i was making a ton of money back in november
Where's my USD slide though, dammit it? Crude oil definitely overshot on the downside, but the dollar quasi-rally he's been keeping me in the red.
<- lots of education, no crystal ball. Anyone that tells you otherwise is a liar.
Trilateral Overlord Brzezinski: Possible Riots and Class Conflicts to come in the Future
Zbignew Brzezinski, co-founder of the Trilateral Commission and Guru of the 44th tenant of the White House, has warned that riots, and even a class conflict, could arise in the near future as result of the global financial crisis. Brzezinski is well known for being the National Security advisor of the catastrophic Jimmy Carter administration. It also shouldn't go unnoticed that Brzezinski is a Polish revanchist hell bent on the destruction of Russia. In 1979 Brzezinski was a strong advocate of Islamic fundamentalism, because these were seen as the ideal proxies at the time to take on the Soviet Union, as seen during the Soviet-Afghan war of the 80s.
The Federal Emergency Management Agency (FEMA), was founded under Jimmy Carter on April 1st, 1979, to primarily deal with the upsurge of the masses that was predicted to happen by around 2010-2030. All according to Trilateral member, Samuel P. Huntington. Indeed Zbignew is a man that should be taken seriously, as he hopes to accomplish something that the evicted neo-cons had never dreamt of, the eventual destruction of Russia and China by playing them against each other. Of course this strategy will more than likely blow up in Zbignew's face. This is as seen in World War II, where the British failed in trying to limit World War II by trying to play Nazi Germany against the Soviet Union, in hopes both countries would destroy eachother, presrving Anglo dominance in the region.
The books by Webster Tarpley, Obama the Postmodern Coup: Making of a Manchurian Candidate, and Barack H. Obama: The Unauthorized Biography are must reads, that go in depth of the ambitions of Obama's guru, Zbignew Brzezinski.
http://www.youtube.com/watch?v...k3ntegra.blogspot.com/
Zbignew Brzezinski, co-founder of the Trilateral Commission and Guru of the 44th tenant of the White House, has warned that riots, and even a class conflict, could arise in the near future as result of the global financial crisis. Brzezinski is well known for being the National Security advisor of the catastrophic Jimmy Carter administration. It also shouldn't go unnoticed that Brzezinski is a Polish revanchist hell bent on the destruction of Russia. In 1979 Brzezinski was a strong advocate of Islamic fundamentalism, because these were seen as the ideal proxies at the time to take on the Soviet Union, as seen during the Soviet-Afghan war of the 80s.
The Federal Emergency Management Agency (FEMA), was founded under Jimmy Carter on April 1st, 1979, to primarily deal with the upsurge of the masses that was predicted to happen by around 2010-2030. All according to Trilateral member, Samuel P. Huntington. Indeed Zbignew is a man that should be taken seriously, as he hopes to accomplish something that the evicted neo-cons had never dreamt of, the eventual destruction of Russia and China by playing them against each other. Of course this strategy will more than likely blow up in Zbignew's face. This is as seen in World War II, where the British failed in trying to limit World War II by trying to play Nazi Germany against the Soviet Union, in hopes both countries would destroy eachother, presrving Anglo dominance in the region.
The books by Webster Tarpley, Obama the Postmodern Coup: Making of a Manchurian Candidate, and Barack H. Obama: The Unauthorized Biography are must reads, that go in depth of the ambitions of Obama's guru, Zbignew Brzezinski.
http://www.youtube.com/watch?v...k3ntegra.blogspot.com/
Specop 007
Diamond Member
- Jan 31, 2005
- 9,454
- 0
- 0
Originally posted by: Craig234
Originally posted by: dphantom
Sensitive aren't we?
Of course much is the Bush admins fault. But there is plenty to go around. No one and I mean no one has clean hands in this.
That's why all the finger pointing is meaningless at this point. We need to worry about fixing the problem.
Ya, but we need to understand why the problem happened, in order to fix it.
If you have a lot of drunk driving, but no laws against it, you can't fix the problem simply by improving the medical care and first responder budgets.
When the wealthy are able to dominate the system to the point they can force the rules to be good for them and bad for society, that's the problem and finger pointing is needed.
Except the wealthy still have to play by the same rules as you or I. Who sets those rules?
The government.
Originally posted by: Specop 007
Originally posted by: Craig234
Originally posted by: dphantom
Sensitive aren't we?
Of course much is the Bush admins fault. But there is plenty to go around. No one and I mean no one has clean hands in this.
That's why all the finger pointing is meaningless at this point. We need to worry about fixing the problem.
Ya, but we need to understand why the problem happened, in order to fix it.
If you have a lot of drunk driving, but no laws against it, you can't fix the problem simply by improving the medical care and first responder budgets.
When the wealthy are able to dominate the system to the point they can force the rules to be good for them and bad for society, that's the problem and finger pointing is needed.
Except the wealthy still have to play by the same rules as you or I. Who sets those rules?
The government.
And the wealthy own the government...
- Sep 29, 2000
- 70,150
- 5
- 0
Most of us know the DOW dropped 90% during the great depression from peak to trough. However, who knew that the Nikkei (Japan) is currently down 80% from its 1989 high? They haven't even gone through a depression. Link
Damn, now that is just a SH*T investment isn't it? You drop in 100k and TWENTY YEARS LATER you are down 80%?
Damn, now that is just a SH*T investment isn't it? You drop in 100k and TWENTY YEARS LATER you are down 80%?
halik
Lifer
- Oct 10, 2000
- 25,696
- 1
- 81
Heh they also had a huge real estate bubble and like 15 years of stagflation. I've heard that at the peak Tokyo office space hit a million USD/m^2
They also had no mark to market rules, so no one know what bank owned what and deflation killed the consumer for 10+ years.
Slew Foot
Lifer
- Sep 22, 2005
- 12,379
- 96
- 86
The two worst types of bubbles are real estate and government.
Japan is seeign what happens when a RE bubble pops, decades of crap economic growth.
When a government bubble pops, you see anarchy and hyperinflation, right now we're deciding which way we want to go
Zebo
Elite Member
- Jul 29, 2001
- 39,398
- 19
- 81
Still overvalued like all stocks are. Whole thing has been about a 50 year pyramid scheme. GW tried to keep it going by investing SS funds in there. Took some time but people are financially buying a clue that these securities do not pay, never intended to pay, and increasing value was based on speculation (and in some cases semi-forced contributions e.g. 401K).
Let me know when they start paying 10% dividends, then I'll start investing in thier companies... Rather do my own in the meantime.
- Sep 29, 2000
- 70,150
- 5
- 0
Is this not analogous to the problem we see over time as more banks are being steamrolled by losses that were difficult to identify the potential for before it happened?
I'm still extremely glad this is all happening when I'm young and not a stock-heavy about-to-retire person who's outlook on the future has been shattered.
As the market falls it bothers me, but a person who had even a mere 50% of their retirement in stocks and was looking for several years from now to retire is running some ugly numbers. Of course, sometimes you hear of people who were almost all stocks and needed the money soon, and they are in a major world of hurt.
dullard
Elite Member
- May 21, 2001
- 26,042
- 4,683
- 126
A pyramid or Ponzi scheme relies on new members to pay off long term members. The stock market relies on (a) new members and (b) company profits in order to pay off long term members. There is a similarity there, but there is also a major difference. The rise in stock prices is basically a pyrmaid scheme. But the dividends are not. Dividends historically were quite decent (approaching 5%). While that isn't the 10% that people expected from stocks (since that included an additional 5% pyramid scheme profit), it is a decent return. Too bad dividends were slashed in the internet boom and all we are left with is scraps and the pyramid scheme.
halik
Lifer
- Oct 10, 2000
- 25,696
- 1
- 81
1) If you're a stock heavy about to retire person, you're a moron. You can't fix stupid.
2) Without mark to market, you will de facto kill all investment. If you don't mark your assets to the current value, you may as well not make a balance sheet to begin with. I think my Porsche is worth eleventy jillion dollars, so that's what I put on my balance sheet... despite that I can probably only get $2G for it.
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