Posted on 08/08/2011 2:00:16 PM PDT by NormsRevenge
The stage is set for the next pump and dump. The manipulators have to start getting ready for the holidays
0bama’s minions will pump a lot of money in the futures market to create an uptick perhaps .
I feel the samne way, I wanted GE at $6 but was too chicken.
I see under 10,000 by the of trading Friday
“UP UP UP My wife’s an investment adviser”
Really, really, really?
I doubt it, doubt it, doubt it.
Are you really? I doubt the dead cat bounce Tuesday, some but it will peter out like the Nikkei did toward the end of the market. You aren’t really.
Fed tries to prop the old house up, it resists and declines to the Mid-9000 range. It simmers there until Congress returns and quivers on hopes that they might do something besides wait on the Super Committee.
They do noting by the end of September, the fall resumes to 8,000’s. By that time recession fears become clear realities.
People recognize value and high PE ratios but are dubious of the cuts coming as a result of the Super Committee failing to resolve anything and so they don’t drive prices in the market up.
1. We are in hock up to our eyeballs. We did not heed the warnings of at last $4T in reductions
2. Taxes can’t be raised in any meaningful way or amount to address the deficit and the debt. Spending has to be cut and it has to be in entitlements.
3. Cuts will probably result in riots
4. Companies will not release cash, there is no reason to invest in a down economy, growth in capacity is not needed.
5. Companies will not invest into the oblabla economy either so as not to support him and encourage more of the same and because of growing, unreasonable, expensive and capricious regulation.
6. Don’t forget the London riots now going on. They truly appear to be major.
7. Losses around the world will return to the U.S.
I don’t see a thing good until after the elections and then only if oblabla loses, we get a conservative house and senate and a person of vision, energy and patriotism returns to the whitey house. It will take AT LEAST two years after inauguration day to make any real progress the economy will have deteriorated so much. Our next problem for a return to growth will be capable labor.
If not, game over. A conservative congress on both sides of the aisle will only continue to squabble with oblabla and the mandated over regulation will continue further depressing U.S. industry.
Not a very happy view.
I moved half of my retirement package into a safer profile last month. How much safer remains to be seen. I'm thinking the hatches had better be battened down for awhile yet.
I moved as much out as practical. I’m not riding another one to the ground. Next move is to start thinking about how to dig back out and up someday.
Wonder how long it will be?
The media is in an outright feeding frenzy of gloom. Time to turn them off outright. There will probably not be any good news for a long time.
Every ass hole seems to be trying to make a more dismal picture than the last one.
I think this stuff in the UK is the next big thing that will hit the bricks. It will either eclipse the financial story or add to it.
That is curious, isn’t it? Serial rioting, breakdown of order, a much wider demographic of participation than it started out. The EU on the skids, and the U.S. looking like a citadel under siege. Hell, even the Chinese are nervous.
My take is that the Dow will bottom at 3000 on this particular downswing. There will be a sharp snap-back rally to 4500 or 5000. Then will come the slow grinding decline to Dow 400, which will be the absolute bottom.
You timed your move pretty well, didn’t you? :-)
BTW, I gave an Introduction to Federalism class to the lcoal Tea Party and blew them away. I'll be giving it again next week at a different Tea Party meeting. The organizers now want me to give a series of lectures on various topics to the Tea Party groups. I may have just found a new vocation.
Congratulations! I think that will be incredibly important in the days to come. We’re going to win this thing, you know.
Yes, it is, very curious.
I noted that China is nervous though to hear the news pundits telling it they are in the catbird seat. However, an interview with a fellow in Hong Kong I believe, indicated things are not so rosy. Inflation is appears about to eat them alive and I would suggest that our paper is no less concern to them than us.
All things considered things aren’t good much of anywhere at the moment. Anybody that blusters, like the chinee, is doing just that, blustering. All political posturing.
You could see a lot of agencies being downsized and merged. A good number of agencies will be phased out altogether. And finally, we may see the biggest overhaul of income taxes since the passage of the 16th Amendment in order to reduce compliance costs and to spur savings and investment in the USA--possibly the first step towards even phasing out the income tax itself in favor of radical ideas like a national consumption tax (FairTax, H.R. 25/S. 13).
Could be Ray. I don’t think Sarah is the only one who could / would do this. She is the most charismatic but not sure she is the right one though she has not declared. I know this is blasphemy with the Palin crowd. I’ll vote for her if she is nominated.
The unemployment of federal workers will create another / deeper recession until they are absorbed. Attrition is probably best for some. Elimination of jobs for others like EPA which I think is the most hated agency in the U.S.
Wow, is that ever photo-shoppable, lol.
Good golly. My nipples get hard just thinking about it.
With that line “My nipples get hard just thinking about it”
you may have provided Chris”tingle up my leg” Matthews with a new theme as he gets ready to back Hillary Clinton in her inevitable primary challenge. He always was a gender-bender.
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