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

[jpeyton]

I don't think it'll go much lower than 8500.

You'll definitely see some panicked faces among the talking heads when we hit the 8000's again.

 

[NoStateofMind]

Originally posted by: miketheidiot


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

Mind your own business old man.

 

[Fern]

Originally posted by: Perry404

Originally posted by: Fern
-snip-

The demand is to pay the bills of the federal government which includes but is not limited to the bailout and purchasing of the private sector.
We're looking at many trillions of dollars worth of "new" monies.

This info might interest you

It's a pdf of the money supply. By my calcs I see only a 6% increase between the begining of the year and now. (math 7900 billion - 7450 B = 450 B. 450 B divided by 7450 B = .06)

To put it another way, I see only about $450B of "new money".

Fern

 

[First]

Originally posted by: PC Surgeon

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

Then why don't you delineate said positions here?!?!? :laugh:

 

[Thump553]

The negative sentiment is getting overwhelming and must break fairly soon. There was no major bad news today and the market went down another 5%. I was watching the guys on Fast Money, and they pointed out that if we continue the same as the last six trading days, the market will reach zero in 19 trading days. If it does, I'll be bullish then for sure.

 

[NoStateofMind]

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

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

Then why don't you delineate said positions here?!?!? :laugh:

God you're dense. :roll:

 

[First]

Originally posted by: PC Surgeon

Originally posted by: Evan Lieb

Originally posted by: PC Surgeon

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

Then why don't you delineate said positions here?!?!? :laugh:

God you're dense. :roll:

Dude, you are too easy.

 

[NoStateofMind]

Originally posted by: Evan Lieb

Dude, you are too easy.

Ok, sure thing sparky.

 

[LegendKiller]

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

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

Then why don't you delineate said positions here?!?!? :laugh:

God you're dense. :roll:

Dude, you are too easy.

Give it up. PCS has proven again and again he's a paper tiger when it comes to debating these things.

 

[NoStateofMind]

Originally posted by: LegendKiller

Give it up. PCS has proven again and again he's a paper tiger when it comes to debating these things.

I was wondering when Robin was going to show up.

 

[LegendKiller]

Originally posted by: PC Surgeon

Originally posted by: LegendKiller

Give it up. PCS has proven again and again he's a paper tiger when it comes to debating these things.

I was wondering when Robin was going to show up.

Hey, when the joker shows up to scatter more jokes (aka "I've got as much depth as Paris Hilton"), ya just gotta answer.

 

[JS80]

Originally posted by: LegendKiller

Originally posted by: PC Surgeon

Originally posted by: LegendKiller

Give it up. PCS has proven again and again he's a paper tiger when it comes to debating these things.

I was wondering when Robin was going to show up.

Hey, when the joker shows up to scatter more jokes (aka "I've got as much depth as Paris Hilton"), ya just gotta answer.

lol you are quicker than i am.

 

[NoStateofMind]

Originally posted by: LegendKiller

Originally posted by: PC Surgeon

Originally posted by: LegendKiller

Give it up. PCS has proven again and again he's a paper tiger when it comes to debating these things.

I was wondering when Robin was going to show up.

Hey, when the joker shows up to scatter more jokes (aka "I've got as much depth as Paris Hilton"), ya just gotta answer.

Oh noes! Insane Batshit and rob'em out to give financial advice! What shall we do? Oh yes, bailout = keep job. :roll:

 

[HeXploiT]

Originally posted by: Fern

Originally posted by: Perry404

Originally posted by: Fern
-snip-

The demand is to pay the bills of the federal government which includes but is not limited to the bailout and purchasing of the private sector.
We're looking at many trillions of dollars worth of "new" monies.

This info might interest you

It's a pdf of the money supply. By my calcs I see only a 6% increase between the begining of the year and now. (math 7900 billion - 7450 B = 450 B. 450 B divided by 7450 B = .06)

To put it another way, I see only about $450B of "new money".

Fern

I would submit to you that those figures are not only inaccurate but are in-fact drastically underestimated.


With bailouts, unlike many other forms of government borrowing, the money is needed immediately.
I'm not going to attempt to school you here Fern.
I think you know other forms of math as well.

 

[rchiu]

Originally posted by: Perry404

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?

I am certain I know more economics and money then you do. You are the ones who have no clue on the past and the current crisis. Both are caused by asset bubbles, one is tech companies stock, one is real estate and derivatives based on it. there are many parallels, you just lack the understanding to see it.

And even if Dow goes to 6000, all it is is paper loss. The Dow 30 companies didn't suddenly lost 50% revenue or profit, nor 50% asset, nor 50% market share, nor 50% customers. It is all market fear and panic.

Finally, the bailout package isn't that big a deal in the whole scheme of things. And by the way, dollar actual rose to 13 month high vs. Euro on Monday thanks to the package and its stabilizing effect.

 

[miketheidiot]

Originally posted by: PC Surgeon

Originally posted by: miketheidiot


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

Mind your own business old man.

dude, i'm 22

 

[wwswimming]

it's October 8 in Australia & Japan & the markets are open.

Australia is down 4%, Japan is down 3%.

at this rate there will eventually be some buying opportunities.

http://money.cnn.com/data/world_markets/

 

[LegendKiller]

Originally posted by: PC Surgeon

Originally posted by: LegendKiller

Originally posted by: PC Surgeon

Originally posted by: LegendKiller

Give it up. PCS has proven again and again he's a paper tiger when it comes to debating these things.

I was wondering when Robin was going to show up.

Hey, when the joker shows up to scatter more jokes (aka "I've got as much depth as Paris Hilton"), ya just gotta answer.

Oh noes! Insane Batshit and rob'em out to give financial advice! What shall we do? Oh yes, bailout = keep job. :roll:

As opposed to completely ignorant conspiracy theorists such as the cabal of RPBs running around? You giving financial advice is as laughable as McCain giving marital fidelity advice.

 

[LegendKiller]

Originally posted by: miketheidiot

Originally posted by: PC Surgeon

Originally posted by: miketheidiot


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

Mind your own business old man.

dude, i'm 22

Mind your own business young man, only RPB opinions are valid.

 

[StageLeft]

And by the way, dollar actual rose to 13 month high vs. Euro on Monday thanks to the package and its stabilizing effect.

Or alternatively the Euro has simply started to get its legs hacked out. I don't know what the USD is against a mixed basket of currencies, but I do believe it's down over the Yen.

 

[LegendKiller]

Originally posted by: Skoorb

And by the way, dollar actual rose to 13 month high vs. Euro on Monday thanks to the package and its stabilizing effect.

Or alternatively the Euro has simply started to get its legs hacked out. I don't know what the USD is against a mixed basket of currencies, but I do believe it's down over the Yen.

The USD Index, which is a basket of currencies, is way up. I think around 17% from trough.

The Yen's rally is purely technical in nature. It's been depressed because of the Yen carry trade (borrow cheaply in yen, dump yen into the market, making yen cheaper, move to native currency, invest in assets, rinse and repeat).

 

[NoStateofMind]

Originally posted by: LegendKiller

Originally posted by: PC Surgeon

Originally posted by: LegendKiller

Originally posted by: PC Surgeon

Originally posted by: LegendKiller

Give it up. PCS has proven again and again he's a paper tiger when it comes to debating these things.

I was wondering when Robin was going to show up.

Hey, when the joker shows up to scatter more jokes (aka "I've got as much depth as Paris Hilton"), ya just gotta answer.

Oh noes! Insane Batshit and rob'em out to give financial advice! What shall we do? Oh yes, bailout = keep job. :roll:

As opposed to completely ignorant conspiracy theorists such as the cabal of RPBs running around? You giving financial advice is as laughable as McCain giving marital fidelity advice.

I'm giving financial advice? Where?

 

[NoStateofMind]

Originally posted by: LegendKiller

Originally posted by: miketheidiot

Originally posted by: PC Surgeon

Originally posted by: miketheidiot


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

Mind your own business old man.

dude, i'm 22

Mind your own business young man, only RPB opinions are valid.

No, only socialists with their jobs on the line have valid opinions.

 

[LegendKiller]

Originally posted by: PC Surgeon

Originally posted by: LegendKiller

Originally posted by: PC Surgeon

Originally posted by: LegendKiller

Originally posted by: PC Surgeon

Originally posted by: LegendKiller

Give it up. PCS has proven again and again he's a paper tiger when it comes to debating these things.

I was wondering when Robin was going to show up.

Hey, when the joker shows up to scatter more jokes (aka "I've got as much depth as Paris Hilton"), ya just gotta answer.

Oh noes! Insane Batshit and rob'em out to give financial advice! What shall we do? Oh yes, bailout = keep job. :roll:

As opposed to completely ignorant conspiracy theorists such as the cabal of RPBs running around? You giving financial advice is as laughable as McCain giving marital fidelity advice.

I'm giving financial advice? Where?

Good question.

 

[StageLeft]

Asian stocks getting bludgeoned for Wednesday