Dow 9500 ... Where we go from here...

[Engineer]

Originally posted by: rchiu

Originally posted by: dmcowen674

Originally posted by: jonks

Originally posted by: Perry404
I am not stating that the market goes lower

It had better, or your "100 days to financial collapse" thread won't come true! Only 28 days left!

You're looking at the collaspe

You call this collaspe? Nasdaq dropped from 4.6k to 1.2k between 2000 and 2002, that's like 75% drop and the world didn't end and we didn't go into a depression. We went to a mild recession which people still debate on the technicality.

Give me a break with the doom and gloom will you? Yes stock market suck, yes we got problem with banks and their over extended loans and leverages. But it doesn't mean the rest of the economy is in the gutter like banking sector. Employment is still decent, and if not for all the fvcking sky is falling people running around, average joe and jane would still go out and shop and continue to make the economy outside of banking decent.

The economy is all about confidence, and again for the million times, stock market is not the economy. It is dumb to use stock market up and down as the main indicator of how the entire economy is doing. And if we have enough stupid people doing that, and destroy the confidence of average joe and jane, a depression is gonna be a self fulfilling prophecy.

The stock market may not be the "economy" but when Mom and Pop Joe "close to retire" see that the retirement funds lost 2 trillion dollars over the last few weeks, things can seem pretty bleak, whether based in reality or not.

 

[NoStateofMind]

Originally posted by: Evan Lieb

Originally posted by: Skoorb

Originally posted by: Evan Lieb
Seriously man, you're just giving us great bump material. Just like Peter Schiff's prediction exactly one year ago that the dollar would halve in value by 2008 (the dollar is in fact stronger exactly 12 months later), this is just going to end up making you look bad.

I guess peter got that wrong, but he got right when people laughed at him about the housing boom being a facade and it preceeding a major catastrophe for the economy.

I know of at least 3 well-known Ivy League economists in 2006 and 2007 saying the housing bubble would be big and catastrophic (Penn economist Paul Krugman, as one example). And those economists were actually specific about why the housing market would burst. The reasons Schiff gave were nonsense; said gold would be up around $2000, said the printing of money alone would cause hyperinflation and said last year that the dollar would be down 50% by 2008, said bond rates will start to skyrocket like two years ago (30 year yields are at ~4%, still nowhere near early 1980's levels of 14%). He has basically been wrong about everything, actually. The only thing he has been "right" about is that something "bad" would happen, which over 2/3rds of economists were saying before this summer anyway.

Something tells me you never read his book. Maybe that's why you have such asinine assumptions about him.

 

[fallout man]

Why worry when you can make a GAME of it!

 

[First]

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

Originally posted by: Skoorb

Originally posted by: Evan Lieb
Seriously man, you're just giving us great bump material. Just like Peter Schiff's prediction exactly one year ago that the dollar would halve in value by 2008 (the dollar is in fact stronger exactly 12 months later), this is just going to end up making you look bad.

I guess peter got that wrong, but he got right when people laughed at him about the housing boom being a facade and it preceeding a major catastrophe for the economy.

I know of at least 3 well-known Ivy League economists in 2006 and 2007 saying the housing bubble would be big and catastrophic (Penn economist Paul Krugman, as one example). And those economists were actually specific about why the housing market would burst. The reasons Schiff gave were nonsense; said gold would be up around $2000, said the printing of money alone would cause hyperinflation and said last year that the dollar would be down 50% by 2008, said bond rates will start to skyrocket like two years ago (30 year yields are at ~4%, still nowhere near early 1980's levels of 14%). He has basically been wrong about everything, actually. The only thing he has been "right" about is that something "bad" would happen, which over 2/3rds of economists were saying before this summer anyway.

Something tells me you never read his book. Maybe that's why you have such asinine assumptions about him.

You aren't fooling anyone kiddo, you're out of your league in this discussion, which is why you won't argue the facts I just referenced.

 

[NoStateofMind]

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

Originally posted by: Skoorb

Originally posted by: Evan Lieb
Seriously man, you're just giving us great bump material. Just like Peter Schiff's prediction exactly one year ago that the dollar would halve in value by 2008 (the dollar is in fact stronger exactly 12 months later), this is just going to end up making you look bad.

I guess peter got that wrong, but he got right when people laughed at him about the housing boom being a facade and it preceeding a major catastrophe for the economy.

I know of at least 3 well-known Ivy League economists in 2006 and 2007 saying the housing bubble would be big and catastrophic (Penn economist Paul Krugman, as one example). And those economists were actually specific about why the housing market would burst. The reasons Schiff gave were nonsense; said gold would be up around $2000, said the printing of money alone would cause hyperinflation and said last year that the dollar would be down 50% by 2008, said bond rates will start to skyrocket like two years ago (30 year yields are at ~4%, still nowhere near early 1980's levels of 14%). He has basically been wrong about everything, actually. The only thing he has been "right" about is that something "bad" would happen, which over 2/3rds of economists were saying before this summer anyway.

Something tells me you never read his book. Maybe that's why you have such asinine assumptions about him.

You aren't fooling anyone kiddo, you're out of your league in this discussion, which is why you won't argue the facts I just referenced.

I suggest you go read the book before making asinine assumptions. Not here to fool you, I'm here to direct you.

 

[First]

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

Originally posted by: Skoorb

Originally posted by: Evan Lieb
Seriously man, you're just giving us great bump material. Just like Peter Schiff's prediction exactly one year ago that the dollar would halve in value by 2008 (the dollar is in fact stronger exactly 12 months later), this is just going to end up making you look bad.

I guess peter got that wrong, but he got right when people laughed at him about the housing boom being a facade and it preceeding a major catastrophe for the economy.

I know of at least 3 well-known Ivy League economists in 2006 and 2007 saying the housing bubble would be big and catastrophic (Penn economist Paul Krugman, as one example). And those economists were actually specific about why the housing market would burst. The reasons Schiff gave were nonsense; said gold would be up around $2000, said the printing of money alone would cause hyperinflation and said last year that the dollar would be down 50% by 2008, said bond rates will start to skyrocket like two years ago (30 year yields are at ~4%, still nowhere near early 1980's levels of 14%). He has basically been wrong about everything, actually. The only thing he has been "right" about is that something "bad" would happen, which over 2/3rds of economists were saying before this summer anyway.

Something tells me you never read his book. Maybe that's why you have such asinine assumptions about him.

You aren't fooling anyone kiddo, you're out of your league in this discussion, which is why you won't argue the facts I just referenced.

I suggest you go read the book before making asinine assumptions. Not here to fool you, I'm here to direct you.

As I predicted, you are incapable of arguing the facts I just referenced, and you couldn't argue otherwise if your life depended on it. Again, Schiff was quoted as saying these things, and he was wrong. If you have something of substance to contribute, I suggest you do so. But we all know you don't.

 

[NoStateofMind]

Originally posted by: Evan Lieb

As I predicted, you are incapable of arguing the facts I just referenced, and you couldn't argue otherwise if your life depended on it. Again, Schiff was quoted as saying these things, and he was wrong. If you have something of substance to contribute, I suggest you do so. But we all know you don't.

Wait, aren't your "facts" based off of youtube video's? :laugh:

 

[First]

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

As I predicted, you are incapable of arguing the facts I just referenced, and you couldn't argue otherwise if your life depended on it. Again, Schiff was quoted as saying these things, and he was wrong. If you have something of substance to contribute, I suggest you do so. But we all know you don't.

Wait, aren't your "facts" based off of youtube video's? :laugh:

They are based off of Peter Schiff's words. Care to contribute? Nope. As predicted. :laugh:

 

[NoStateofMind]

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

As I predicted, you are incapable of arguing the facts I just referenced, and you couldn't argue otherwise if your life depended on it. Again, Schiff was quoted as saying these things, and he was wrong. If you have something of substance to contribute, I suggest you do so. But we all know you don't.

Wait, aren't your "facts" based off of youtube video's? :laugh:

They are based off of Peter Schiff's words. Care to contribute? Nope. As predicted. :laugh:

Care to read his book to know his positions? Nope, as predicted. When you grow up off of youtube video's let me know.

 

[First]

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

As I predicted, you are incapable of arguing the facts I just referenced, and you couldn't argue otherwise if your life depended on it. Again, Schiff was quoted as saying these things, and he was wrong. If you have something of substance to contribute, I suggest you do so. But we all know you don't.

Wait, aren't your "facts" based off of youtube video's? :laugh:

They are based off of Peter Schiff's words. Care to contribute? Nope. As predicted. :laugh:

Care to read his book to know his positions? Nope, as predicted. When you grow up off of youtube video's let me know.

If you read his book why aren't you contributing those facts to the discussion? Reason; you're intellectually incapable and/or didn't read his book (which makes sense, you don't like reading books). Will you wimp out a 4th time? Stay tuned. :laugh:

 

[ElFenix]

Originally posted by: Perry404

If you don't know what I'm talking about then you have bought into the distraction that is the two part system that has you wasting so much time thinking about abortion, gay rights and creationism vs atheism that you haven't been paying attention to the real power shifts in our nation. .

Where do I get this stuff?
Study history.
Dang you have a high post count.

what in the federal reserve's history suggests that its goal is to eliminate national currencies?

 

[JS80]

Originally posted by: blackangst1
Why do people have a problem with buy low and sell high? Jesus.

BUY. The market will recover and theres zero evidence it wont. Most of us arent going to touch our savings (for the FEW that have it) for a long time so where's the loss? Geesh.

Do I think everything is peachy? For some no for some yes. But a market drop isnt the end of the USA for christ's sake.

lol if that were the case prices would never fall and there would be no low to buy. it's the fact that fear causes investors to sell low and lower that there are opportunities to buy low.

with that said I think NASDAQ will go to 1300. At that point i would consider buying.

 

[StageLeft]

Originally posted by: blackangst1
Why do people have a problem with buy low and sell high? Jesus.

BUY. The market will recover and theres zero evidence it wont. Most of us arent going to touch our savings (for the FEW that have it) for a long time so where's the loss? Geesh.

Do I think everything is peachy? For some no for some yes. But a market drop isnt the end of the USA for christ's sake.

You really are incredible, you're saying the exact same thing you were saying when it was 12k and then 11k. Those who bought then are now down quite a bit. Just because it's down doesn't mean it's undervalued; maybe it was overvalued to begin with.

 

[NoStateofMind]

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

As I predicted, you are incapable of arguing the facts I just referenced, and you couldn't argue otherwise if your life depended on it. Again, Schiff was quoted as saying these things, and he was wrong. If you have something of substance to contribute, I suggest you do so. But we all know you don't.

Wait, aren't your "facts" based off of youtube video's? :laugh:

They are based off of Peter Schiff's words. Care to contribute? Nope. As predicted. :laugh:

Care to read his book to know his positions? Nope, as predicted. When you grow up off of youtube video's let me know.

If you read his book why aren't you contributing those facts to the discussion? Reason; you're intellectually incapable and/or didn't read his book (which makes sense, you don't like reading books). Will you wimp out a 4th time? Stay tuned. :laugh:

You are making assumptions based on limited youtube material that that is his entire view. I'm starting to wonder if its really ignorance or that you're actually that stupid. Again, go read the book to have a better understanding of Schiffs views. You won't, but I'm sure you'll come back with another asinine something or other to deflect like you have done all this time. Sad really :laugh:

 

[First]

Originally posted by: PC Surgeon

You are making assumptions based on limited youtube material that that is his entire view.

Nope, seen him on the tube many times (CNBC, Fox Business, CNN, etc.). If I am missing something then why can't you point it out? I can take a wild guess why you won't (er, can't).

I'm starting to wonder if its really ignorance or that you're actually that stupid. Again, go read the book to have a better understanding of Schiffs views. You won't, but I'm sure you'll come back with another asinine something or other to deflect like you have done all this time. Sad really :laugh:

rofl, man you are incredibly sad. You still cannot contribute any substance to this argument. You are easily predictable, like playing instrument. Will you wimp out for a 5th time and not contribute the knowledge you learned from his book with us?

 

[NoStateofMind]

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

You are making assumptions based on limited youtube material that that is his entire view.

Nope, seen him on the tube many times (CNBC, Fox Business, CNN, etc.). If I am missing something then why can't you point it out? I can take a wild guess why you won't (er, can't).

I'm starting to wonder if its really ignorance or that you're actually that stupid. Again, go read the book to have a better understanding of Schiffs views. You won't, but I'm sure you'll come back with another asinine something or other to deflect like you have done all this time. Sad really :laugh:

rofl, man you are incredibly sad. You still cannot contribute any substance to this argument. You are easily predictable, like playing instrument. Will you wimp out for a 5th time and not contribute the knowledge you learned from his book with us?

Again, you will assume you know all the positions of Schiff based on youtube videos. When will you read his book? You won't as predicted. Yet again you will come back with more asinine remarks deflecting from the fact you know shit about Schiff and his views. Here it comes...3...2...1....

 

[First]

Originally posted by: PC Surgeon

Again, you will assume you know all the positions of Schiff based on youtube videos. When will you read his book? You won't as predicted. Yet again you will come back with more asinine remarks deflecting from the fact you know shit about Schiff and his views. Here it comes...3...2...1....

Are you capable of providing specific examples of what positions I don't know and/or misrepresented? If not, then you can't say for certain that I don't know his positions quite well, and you lose yet another debate with me in the process. Will you continue not to contribute to this discussion?

 

[NoStateofMind]

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Again, you will assume you know all the positions of Schiff based on youtube videos. When will you read his book? You won't as predicted. Yet again you will come back with more asinine remarks deflecting from the fact you know shit about Schiff and his views. Here it comes...3...2...1....

Are you capable of providing specific examples of what positions I don't know and/or misrepresented? If not, then you can't say for certain that I don't know his positions quite well, and you lose yet another debate with me in the process. Will you continue not to contribute to this discussion?

I have read the book and see it very clearly what you have misrepresented as truth. I am not going to teach you whats in the book, you will have to read it yourself. The only reason I said anything is for others not to be mislead by your assumptions.

Secondly, is there some type of scorecard being kept I don't know about? Some kind of ego scoreboard? :laugh:

Lastly, don't rely on youtube video's to be your sole source of information. Whats odd about that is, that is exactly what you and another member used to whine about back in the day and now you are doing the same.

 

[blackangst1]

Originally posted by: Skoorb

Originally posted by: blackangst1
Why do people have a problem with buy low and sell high? Jesus.

BUY. The market will recover and theres zero evidence it wont. Most of us arent going to touch our savings (for the FEW that have it) for a long time so where's the loss? Geesh.

Do I think everything is peachy? For some no for some yes. But a market drop isnt the end of the USA for christ's sake.

You really are incredible, you're saying the exact same thing you were saying when it was 12k and then 11k. Those who bought then are now down quite a bit. Just because it's down doesn't mean it's undervalued; maybe it was overvalued to begin with.

Of course I did. The concept is the same...buy on the DOWN swing unless youre a day trader. WTF is so hard to understand?

And what part of the following sentence do you fail to understand: you only lost money if you sold lower than you bought. WTF do YOU think you should do...SELL LOW?

It aint rocket science.

 

[First]

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Again, you will assume you know all the positions of Schiff based on youtube videos. When will you read his book? You won't as predicted. Yet again you will come back with more asinine remarks deflecting from the fact you know shit about Schiff and his views. Here it comes...3...2...1....

Are you capable of providing specific examples of what positions I don't know and/or misrepresented? If not, then you can't say for certain that I don't know his positions quite well, and you lose yet another debate with me in the process. Will you continue not to contribute to this discussion?

I have read the book and see it very clearly what you have misrepresented as truth.

Please cite specific examples.

I am not going to teach you whats in the book, you will have to read it yourself.

rofl. Like anyone here really believes this shit. :laugh:

The only reason I said anything is for others not to be mislead by your assumptions.

And as everyone reads this, the sane ones will continue not to take you seriously considering you haven't provided even one example of anything I've misrepresented.

Lastly, don't rely on youtube video's to be your sole source of information. Whats odd about that is, that is exactly what you and another member used to whine about back in the day and now you are doing the same.

No actually, when we bash YouTube it's because you cite laymans like yourself who actually created the content of the YouTube videos in question, while the YouTube videos I cite are directly from news broadcasts or business shows. There's a difference that obviously you can't quite comprehend, much like you can't quite comprehend that you don't have any credibility in this discussion if you can't cite a single, solitary example of what you learned in Schiff's book and how I've misrepresented his positions.

 

[NoStateofMind]

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Again, you will assume you know all the positions of Schiff based on youtube videos. When will you read his book? You won't as predicted. Yet again you will come back with more asinine remarks deflecting from the fact you know shit about Schiff and his views. Here it comes...3...2...1....

Are you capable of providing specific examples of what positions I don't know and/or misrepresented? If not, then you can't say for certain that I don't know his positions quite well, and you lose yet another debate with me in the process. Will you continue not to contribute to this discussion?

I have read the book and see it very clearly what you have misrepresented as truth.

Please cite specific examples.

I am not going to teach you whats in the book, you will have to read it yourself.

rofl. Like anyone here really believes this shit. :laugh:

The only reason I said anything is for others not to be mislead by your assumptions.

And as everyone reads this, the sane ones will continue not to take you seriously considering you haven't provided even one example of anything I've misrepresented.

Lastly, don't rely on youtube video's to be your sole source of information. Whats odd about that is, that is exactly what you and another member used to whine about back in the day and now you are doing the same.

No actually, when we bash YouTube it's because you cite laymans like yourself who actually created the content of the YouTube videos in question, while the YouTube videos I cite are directly from news broadcasts or business shows. There's a difference that obviously you can't quite comprehend, much like you can't quite comprehend that you don't have any credibility in this discussion if you can't cite a single, solitary example of what you learned in Schiff's book and how I've misrepresented his positions.

Its obvious now that this is above your understanding. You won't get it no matter how much I try.

 

[First]

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Again, you will assume you know all the positions of Schiff based on youtube videos. When will you read his book? You won't as predicted. Yet again you will come back with more asinine remarks deflecting from the fact you know shit about Schiff and his views. Here it comes...3...2...1....

Are you capable of providing specific examples of what positions I don't know and/or misrepresented? If not, then you can't say for certain that I don't know his positions quite well, and you lose yet another debate with me in the process. Will you continue not to contribute to this discussion?

I have read the book and see it very clearly what you have misrepresented as truth.

Please cite specific examples.

I am not going to teach you whats in the book, you will have to read it yourself.

rofl. Like anyone here really believes this shit. :laugh:

The only reason I said anything is for others not to be mislead by your assumptions.

And as everyone reads this, the sane ones will continue not to take you seriously considering you haven't provided even one example of anything I've misrepresented.

Lastly, don't rely on youtube video's to be your sole source of information. Whats odd about that is, that is exactly what you and another member used to whine about back in the day and now you are doing the same.

No actually, when we bash YouTube it's because you cite laymans like yourself who actually created the content of the YouTube videos in question, while the YouTube videos I cite are directly from news broadcasts or business shows. There's a difference that obviously you can't quite comprehend, much like you can't quite comprehend that you don't have any credibility in this discussion if you can't cite a single, solitary example of what you learned in Schiff's book and how I've misrepresented his positions.

Its obvious now that this is above your understanding. You won't get it no matter how much I try.

You can't provide a single example of what I've misrepresented, man up and move on kiddo.

 

[HeXploiT]

Originally posted by: rchiu

Originally posted by: dmcowen674

Originally posted by: jonks

Originally posted by: Perry404
I am not stating that the market goes lower

It had better, or your "100 days to financial collapse" thread won't come true! Only 28 days left!

You're looking at the collaspe

You call this collaspe? Nasdaq dropped from 4.6k to 1.2k between 2000 and 2002, that's like 75% drop and the world didn't end and we didn't go into a depression. We went to a mild recession which people still debate on the technicality.

Give me a break with the doom and gloom will you? Yes stock market suck, yes we got problem with banks and their over extended loans and leverages. But it doesn't mean the rest of the economy is in the gutter like banking sector. Employment is still decent, and if not for all the fvcking sky is falling people running around, average joe and jane would still go out and shop and continue to make the economy outside of banking decent.

The economy is all about confidence, and again for the million times, stock market is not the economy. It is dumb to use stock market up and down as the main indicator of how the entire economy is doing. And if we have enough stupid people doing that, and destroy the confidence of average joe and jane, a depression is gonna be a self fulfilling prophecy.

You clearly have zero understanding of economics & money.
Firstly let me say that the nasdaq drop can't in any way, shape or form be compared with what is now happening with the Dow S&P and the rest of the world markets.
Secondly the market and the bailout are directly related.
Go back and read my original thread. Remember that was before this specific bailout. Had this bailout package not been called into existence I'd have called the Dow to 6000.
Because the bailout package was created the pain is deflected from the market to the currency.
That is, the currency takes the beating from here on out as the market is not permitted to fail due to government intervention.

Are you getting this yet?

 

[miketheidiot]

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

Again, you will assume you know all the positions of Schiff based on youtube videos. When will you read his book? You won't as predicted. Yet again you will come back with more asinine remarks deflecting from the fact you know shit about Schiff and his views. Here it comes...3...2...1....

Are you capable of providing specific examples of what positions I don't know and/or misrepresented? If not, then you can't say for certain that I don't know his positions quite well, and you lose yet another debate with me in the process. Will you continue not to contribute to this discussion?

I have read the book and see it very clearly what you have misrepresented as truth. I am not going to teach you whats in the book, you will have to read it yourself. The only reason I said anything is for others not to be mislead by your assumptions.

Secondly, is there some type of scorecard being kept I don't know about? Some kind of ego scoreboard? :laugh:

Lastly, don't rely on youtube video's to be your sole source of information. Whats odd about that is, that is exactly what you and another member used to whine about back in the day and now you are doing the same.

stop it, you're making an ass of yourself.

 

[NoStateofMind]

Originally posted by: Evan Lieb

You can't provide a single example of what I've misrepresented, man up and move on kiddo.

I own the book champ, how about you? I think I know more than you do about Schiffs positions.

http://img261.imageshack.us/img261/8807/001tv9.jpg