Posted on 08/18/2011 7:12:31 AM PDT by GreaterSwiss
DOW 10903.70 -506.51 -4.44%
S&P 500 1137.74 -56.15 -4.7%
Markets take a dive
Printing presse run all night
TOTUS eats ice cream
From your lips to God’s ears. And I hope it’s a very hard landing.
Obama's jobs advisor: Jeff Immelt
There are a LOT of problems with using the stock or bond market as a source of retirement. There are 10 year periods where the stock market is down. Also, if everyone is forced to buy stocks, you create a huge bubble of inflated-value stocks because too much money comes into the market.
“Feeling good, Lewis..”
“Feeling good, Louis..”
Dow bottomed at 6500 in the 2008-2009 crash, so somewhere around 6500 is bottom, short of total collapse that is. My best guess at bottom now is 8500ish give or take 500 pts. But we would have to get really bad news (500,000+ jobless claims) to see that.
Got a sick kid a home, so forgive me for not responding in depth. But remember that defined benefit plans are hit as hard by bad economic times. The difference is you don’t see it till the checks stop.
Got a sick kid a home, so forgive me for not responding in depth. But remember that defined benefit plans are hit as hard by bad economic times. The difference is you don’t see it till the checks stop.
Your point being?
Gold and silver are emotional commodities. Other commodities are taking nosedives today. Gold buyers need to be asking themselves if they are buying into a bubble that will burst very violently.
Having said that, I do think it is wise to invest 10% in physical precious metals as a hedge - in case major deflation is proven wrong.
Short-term t-bills are the place to be for protection right now.
All of this is only my opinion - and should not be construed as investment advice.
Do you believe we're heading for hyperinflation with a devalued US dollar?
If so, then shouldn't you be projecting a Dow of over 30,000 - as companies enjoy cheaper money on their existing debt structures?
When the stock market crashes everyone realizes that all they have is paper, a ream of which costs about 5 bucks at Office Max.
I believe where Obomba is going is the BLACK section of Martha’s Vineyard. Give him a break./s
Feeling good, Lewis!
So much for our corrupt federal government investigating any Wall Street Crimes. We are being attacked by financial terrorists -- High level criminals own our whole freaking government
If we all press F5 on our browsers maybe it will go UP 500.
This is the Great Depression v. 2.0 Oblidiot style. Grinning clown on a girly bike with a shiney special helmet kind...
I TOLD people this would happen. I told everyone who would listen, and everyone who wouldnt, that the Oblidiot would NOT do what he promised, and would TANK the economy because he would have a bunch of Kenysian freaks from universitites who had never run a lemonade stand running things.
Danae 1, Liberals 0 - or should I say Zer0?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
