8/8 Stock Market thread *EDIT* Lets watch what happens 8/9 now

[spidey07]

Good luck, it may be quite a ways down from here.

Yes, but there are still good buys long term to be had at these prices.

Some of my stock options from a previous employer are still holding strong with good dividends. So market goes up 4 percent, it does 3, market goes down 5, it goes down 3.

Streets are red with blood indeed.

 

[Darwin333]

That's sooooo lame. Treasuries & the market are moving in opposite directions. Investors are fleeing to liquidity & safety in treasuries, which have incredibly low yields as a consequence.

The market is having a Wiley Coyote moment- when they realize that growth prospects are horrible, and that Repub induced austerity will only make that worse.

You say this but then blame them for:

Got cash? Hold onto it, because it's getting more valuable by the minute. Next up on the Ownership Society hit parade aftermath, a debt/deflation spiral and a liquidity trap, the natural consequences of the greatest credit bubble in the history of finance...

So your official position is "fuck those bastards for being smart"?

 

[Jhhnn]

Fed forced to consider fresh 'stimulus'...

Yes... a printed and destroyed currency is good to 'hold onto' cause it's 'getting more valuable'. That is unless you live in reality, where prices are rising due to YOU and your god damn government spending and printing of money. You think it grows on trees or something, and you can manipulate it however you want with no care or concern for how much you hurt people.

Heh. That's not what the market says, nor what the analysts say. The big boys are dumping equities, moving to treasuries, which is the same as cash for their purposes.

Inflation? Really, like this?

http://www.bloomberg.com/apps/quote?ticker=USGGBE05:IND

As if you even have the savvy to read the chart.

 

[Lanyap]

Owe-bama sure is doing a number on the markets, dow down 5+%, S&P down 6+%

http://www.investors.com/NewsAndAna...1108081507/Stocks-Stay-Crushed-Ford-Off-8.htm

lol, first time I've seen that. Here's a bumper sticker for you.

http://www.zazzle.com/owe_bama_bumper_sticker-128360516450415369

 

[Jhhnn]

So your official position is "fuck those bastards for being smart"?

It's fuck those bastards for being smart enough to manipulate the housing market & the govt to create the causative agent, the housing bubble, and fuck 'em twice for then manipulating Republicans into not doing what needs to be done, but rather doing the opposite-

And matters are little better on the other side of the Atlantic. There, the extreme right threatened to shut down the U.S. government, confirming what game theory suggests: When those who are irrationally committed to destruction if they don't get their way confront rational individuals, the former prevail.

http://www.slate.com/id/2301013/?from=rss&wpisrc=twitter_socialflow

Stiglitz, of course, has no idea what he's talking about, right?

http://www.oregonlive.com/business/index.ssf/2010/02/renowned_economist_on_bust_tol.html

 

[theeedude]

We need direct government fiscal stimulus spending.
Monetary stimulus is only going to pump more cash into already full cash reserves that aren't getting spent. The government needs to lead by spending money into the economy.

 

[Doppel]

What does it matter? Its certainly not supply and demand.

Is this the buffoon finally admitting he has no idea about any of this?

We need direct government fiscal stimulus spending.
Monetary stimulus is only going to pump more cash into already full cash reserves that aren't getting spent. The government needs to lead by spending money into the economy.

It has no money and already suffered a downgrade because it has no real plan to stop "debt-growth". Next.

 

[nick1985]

We need direct government fiscal stimulus spending.
Monetary stimulus is only going to pump more cash into already full cash reserves that aren't getting spent. The government needs to lead by spending money into the economy.

no. wrong.

 

[Jhhnn]

Is this the buffoon finally admitting he has no idea about any of this?It has no money and already suffered a downgrade because it has no real plan to stop "debt-growth". Next.

So raise taxes at the top, spend that to create jobs. The uhh, you know, Job Creators! that the right is so gushy about aren't... creating jobs, anyway, and it's not like they'll suffer... They've been stashing cash since 2008, both anticipating and creating the current situation.

The debt/deflation side of deregulated capitalist banking will be played out with a vengeance if they have it their way...

 

[Craig234]

So raise taxes at the top, spend that to create jobs. The uhh, you know, Job Creators! that the right is so gushy about aren't... creating jobs, anyway, and it's not like they'll suffer... They've been stashing cash since 2008, both anticipating and creating the current situation.

The debt/deflation side of deregulated capitalist banking will be played out with a vengeance if they have it their way...

Ironically, by doing the opposite of what the Republicans want - taxing the 'job creators' and using that money for the public, then and only then they'd BECOME 'job creators'.

 

[glenn1]

Someone once said something like, "The time to invest is when there's blood in the streets" (forgot who). As a value investor, this is a great time to invest. Although definitely not all in at once. I'm going to dollar cost average as i ride the market down little by little.

Don't know if we're at full-scale "blood on streets" mode here, but I'm buying some here at this level and looking to round out some of my holdings; e.g. bought up to my target allocation of NYX at 26 and am pretty happy even though it went down to ~25.30 or so by day's end. Likewise, I'm hoping I get limit orders filled for either one of a couple other stocks in which I've been looking to open a position (ANDE or CRESY). I'd also be be elated if MLAB comes down a bit and I can nab some more shares for a good price.

 

[OneOfTheseDays]

Tax revenues have got to be on the table. Enough is enough.

Republicans have had their "low" taxes on the rich and it hasn't produced an ounce of economic prosperity for anyone but the rich.

TRICKLE DOWN ECONOMICS DOESN'T FUCKING WORK.

 

[Jaskalas]

So raise taxes at the top, spend that to create jobs. The uhh, you know, Job Creators!

Yes, let's repeal the Bush tax cuts, and gain a whole $30 billion / year. I'm willing to see those taxes raised, to be combined with cuts for deficit reduction, but you want to tax and spend as always. Tax a penny and spend two more. Your $800 billion stimulus did nothing. The quantitative easing TWICE has done nothing. Your grand scheme is an extra $30 billion more. Pennies compared to what you've already wasted.

Oh, but this time it'll work. You promise right?

Stay the HELL away from the economy!

We need direct government fiscal stimulus spending.
Monetary stimulus is only going to pump more cash into already full cash reserves that aren't getting spent. The government needs to lead by spending money into the economy.

Both of you.

The whole message is that we have too much debt. Your solution is Spend Spend Spend! It fails, repeatedly. Your solution is Spend Spend Spend! some more.

You want to know what the economy is telling you?

"Take your stinking paws off me you damn dirty ape!"

 

[Doppel]

Tax revenues have got to be on the table. Enough is enough.

Republicans have had their "low" taxes on the rich and it hasn't produced an ounce of economic prosperity for anyone but the rich.

TRICKLE DOWN ECONOMICS DOESN'T FUCKING WORK.

It's the republicans' big lie. I guess they think we just need even lower taxes so that these guys can trickle down even harder. Or something.

 

[njdevilsfan87]

I'm going to use this as a buying opportunity.

The 11,000 mark in 2008 probably seemed like a good buying opportunity too...

 

[spidey07]

Ironically, by doing the opposite of what the Republicans want - taxing the 'job creators' and using that money for the public, then and only then they'd BECOME 'job creators'.

Wow, this is what the liberal and progressive really believes. Read it folks, Jhnnn, senseamp, et all - they believe this to their core.

In their mind, taking money from one business and giving it to another (without any sort of return on that investment of said business) creates jobs.

That's what we need, more spending! Mind of a liberal in full display, remember, they can vote. And roughly 20% of America believes this shit. Defeat them American, VOTE. If you don't then this shall be your future because the workers are too busy working to vote and the leeches have nothing better to do.

Remember this come November and the primaries, this is what you're up against. The liberal truly believes in what is captured here.

It is also captured in Obama in his address today, it's basically the same line of thinking. If it wasn't for those damn People electing representatives against our wishes all would be great! Just give Obama more time for he is the smrtest president ever!

It's not working liberals, it's simply not working, your idea as it goes against the very essence of human nature and what capitalism and what makes America great. It's not working. America is NOT working. Fuck Obama.

 

[OneOfTheseDays]

Yes, let's repeal the Bush tax cuts, and gain a whole $30 billion / year. I'm willing to see those taxes raised, to be combined with cuts for deficit reduction, but you want to tax and spend as always. Tax a penny and spend two more. Your $800 billion stimulus did nothing. The quantitative easing TWICE has done nothing. Your grand scheme is an extra $30 billion more. Pennies compared to what you've already wasted.

Oh, but this time it'll work. You promise right?

Stay the HELL away from the economy!



Both of you.

The whole message is that we have too much debt. Your solution is Spend Spend Spend! It fails, repeatedly. Your solution is Spend Spend Spend! some more.

You want to know what the economy is telling you?

"Take your stinking paws off me you damn dirty ape!"

The conservative ideology has been an utter failure both socially and economically. Whether it's supply-side economics, segregation, creationism, anti-abortion, and now hatred towards gays you guys have been consistently wrong. Our society has over time rejected everything conservative America stands for. It's only a matter of time before gay marriage is legal everywhere in the US.

That being said, nobody on the left is saying "SPEND, SPEND, SPEND". We're saying we need to reduce spending AND increase tax revenues by rolling back the irresponsible Bush tax cuts on the wealthiest of Americans. You have absolutely ZERO historical data to show that tax increases on the rich equate to negative economic performance. It simply ISN'T true no matter how many times you repeat it.

The fact that you and your kind refuse to put tax revenues on the table shows me you're not serious about actually solving our economic problems. What we need to do is the following:

• Roll back Bush tax cuts on the wealthiest Americans
• End Iraq/Afghanistan wars immediately and reduce military spending dramatically
• Invest in energy so that we can become self-sufficient and less dependent on foreign oil
• Invest in education so our children aren't left behind as the rest of the world passes them by
• Make serious reforms to our entitlement programs

Instead, you Conservative nutjobs want to abolish the EPA, reduce education spending, increase military spending, and cut taxes even further for the wealthiest Americans. YOU PEOPLE HAVE FAILED TIME AND TIME AGAIN WITH YOUR MORONIC IDEOLOGY, when will it end?

 

[Doppel]

The 11,000 mark in 2008 probably seemed like a good buying opportunity too...

To some it obviously did; you can't sell a stock at any value without a buyer!

 

[spidey07]

The conservative ideology has been an utter failure both socially and economically. Whether it's supply-side economics, segregation, creationism, anti-abortion, and now hatred towards gays you guys have been consistently wrong. Our society has over time rejected everything conservative America stands for. It's only a matter of time before gay marriage is legal everywhere in the US.

That being said, nobody on the left is saying "SPEND, SPEND, SPEND". We're saying we need to reduce spending AND increase tax revenues by rolling back the irresponsible Bush tax cuts on the wealthiest of Americans. You have absolutely ZERO historical data to show that tax increases on the rich equate to negative economic performance. It simply ISN'T true no matter how many times you repeat it.

The fact that you and your kind refuse to put tax revenues on the table shows me you're not serious about actually solving our economic problems. What we need to do is the following:

• Roll back Bush tax cuts on the wealthiest Americans
• End Iraq/Afghanistan wars immediately and reduce military spending dramatically
• Invest in energy so that we can become self-sufficient and less dependent on foreign oil
• Invest in education so our children aren't left behind as the rest of the world passes them by
• Make serious reforms to our entitlement programs

Instead, you Conservative nutjobs want to abolish the EPA, reduce education spending, increase military spending, and cut taxes even further for the wealthiest Americans. YOU PEOPLE HAVE FAILED TIME AND TIME AGAIN WITH YOUR MORONIC IDEOLOGY, when will it end?

Fine, roll back all the bush tax cuts and stop with the falsehood of "tax cuts for the rich" which is patently not true.

Fine, eliminate the bush tax cuts, go right ahead.

 

[Craig234]

It's not working liberals, it's simply not working, your idea as it goes against the very essence of human nature and what capitalism and what makes America great. It's not working. America is NOT working. Fuck Obama.

Progressive ideas HAVEN'T BEEN TRIED much at all in a long time. THEY WORK GREAT when they are. What we have is a REPUBLICAN economy, from Republican Obama and the 'real' R's.

Progressive ideas are what ARE aligned with human nature - of the people, not the human nature of the few rich like yours, who will impoverish the public to get more.

The little but they have - the tiny stimulus - worked great, the problem was only it was too small.

 

[Craig234]

Fine, roll back all the bush tax cuts and stop with the falsehood of "tax cuts for the rich" which is patently not true.

Fine, eliminate the bush tax cuts, go right ahead.

The only thing patently not true here is your saying the Bush tax cuts WEREN'T weighting to benefit the rich. With the benefits the rich have been getting, we need to raise their taxes.

 

[spidey07]

The only thing patently not true here is your saying the Bush tax cuts WEREN'T weighting to benefit the rich. With the benefits the rich have been getting, we need to raise their taxes.

I call your bluff then, let the bush tax cuts of 2001 and 2003 sunset. I dare you to support it liberal. I call.

 

[spidey07]

Progressive ideas HAVEN'T BEEN TRIED much at all in a long time. THEY WORK GREAT when they are. What we have is a REPUBLICAN economy, from Republican Obama and the 'real' R's.

Progressive ideas are what ARE aligned with human nature - of the people, not the human nature of the few rich like yours, who will impoverish the public to get more.

The little but they have - the tiny stimulus - worked great, the problem was only it was too small.

Yep, this is the mind of a liberal and progressive. "If you can just let us embrace it fully, then all the lessons of history won't apply! It's only because we haven't gone full retard yet! Just let us have complete control and go full retard, it won't happen as history has taught, promise!"

 

[Zorkorist]

Progressive ideas HAVEN'T BEEN TRIED much at all in a long time. THEY WORK GREAT when they are. What we have is a REPUBLICAN economy, from Republican Obama and the 'real' R's.

Progressive ideas are what ARE aligned with human nature - of the people, not the human nature of the few rich like yours, who will impoverish the public to get more.

The little but they have - the tiny stimulus - worked great, the problem was only it was too small.

Craig,

This has been proven over and over again to be false.

What's important, and always has been, is the individual.

Our Government was created to promote the individual's freedom (as best as it could.) It has broken down into Government, in the traditional definition, which means Government over the individual's freedom.

There is no salvation once a Government starts down the path of eliminating Freedom.

-John

 

[Darwin333]

It's fuck those bastards for being smart enough to manipulate the housing market & the govt to create the causative agent, the housing bubble, and fuck 'em twice for then manipulating Republicans into not doing what needs to be done, but rather doing the opposite-

You and I would be in perfect agreement if we actually punished those bastards by, oh I dunno, maybe putting them on trial for blatant criminal activities???

The guys you hate refused to do so.

The guys you love refuse to do so.

But you want to fault all of them (a lot who were not apart of said illegal activity) for being smart? Are you serious? How about we put them in fucking jail and claw back their ill-gotten profits?