Preppers’ PING!!
I never stopped buying either.
“If it drops below 15,000 I hope they block off the roof access and secure the upper story windows on Wall Street.”
I don’t. A LOT of those b@stards deserve a quick trip down, stopping at cement! ;)
Why? Why is he putting it at 15,000? Why not 10,000?
The stock market is one of the only good thing going for the Dem. That tanks they are done for.
FED QE buybacks end in October, coincidence? Nope, the Wall St. junkies and riverboat gamblers are telling Uncle Sugar (aka The FED) that they better not cut off that free money supply ... or else. So far, every time the junkies have done this, Uncle Sugar has blinked and started pumping the free money back into their veins. Unfortunately, Uncle Sugar has 4.5 trillion dollars of toxic assets on their books in exchange for this free money and has now become the largest hedge fund in the world. Maybe just maybe, the Wall St. junkies are actually going to get told “NO” and we can finally watch a free market work.
Oh, good grief, wouldn’t 15K have been pretty freakin’ awesome just a couple years ago? What do people expect? You can’t just continue going up, it has to pop eventually. I am so sick of this nonsense.
If it drops below 15,000 points I would suggest people start buying food and ammo, because this depression is about to turn nasty.
Start buying? You mean KEEP buying ;-)
Today he was interviewed by Stuart Varney and he said he thinks this is the start and expects the bottom to be around 7,000 - maybe by the end of the year.
In other news: Cheaper than Dirt is having a guns and ammo sale at rock bottom prices!
“Start?”
Stared that years ago.
Why, for pete's sake? Those people work for scumbags like Goldman Sachs and their ilk. These people stole hundreds of billions of dollars from us, the taxpayers, in the faux "bailout" of 2008.
Quite to the contrary - open all the doors and generally maximize access to the roof. In fact, let's put diving boards on every roof on Wall Street.
I might just take time off work to get some pictures.
“If it drops below 15,000 I hope they block off the roof access and secure the upper story windows on Wall Street.”
All the key players will be long gone by then, leaving the JV team and the feckless politicians to fend for themselves.
When black friday comes
I’m gonna stand down by the door
And catch the gray men
When they dive from the 14th floor
The DOW Jones Industrial Average is of just 30 companies. It is a poor indicator of what the market is doing. Here is a list of those companies. Imagine if all of them went bust. Both McDonald’s and Nike. Sure it would be unnerving. But destabilizing?
http://money.cnn.com/data/dow30/
A much better indicator is the S&P 500. 500 diverse companies that far more accurately reflect the economy as a whole.
A bit late to the party aren't we?
Like maybe 20 years late?
Not gonna happen. As long as there are zero interest rates, the big whigs on Wall Street will sell and buy to their hearts content. All I heard this morning was what a great time to buy cause there were a lot of bargains out there.
Negligble interest rates give them Carte Blanche to buy, buy, buy. It’s the herd mentality working right now.
The heck with that, put diving boards on em!
Been there—done that! Never-ending, and fun!