Posted on 01/24/2014 10:21:21 AM PST by STJPII
Not sure if this is an adjustment or disaster. We need to stop the hemorrhaging by Monday.
(Excerpt) Read more at marketwatch.com ...
Exactly. Find the bottom and buy buy buy.
Many layoffs in and around Plano Texas in the last 2 weeks. Most in the manufacturing sector.
“The Federal Reserve is the foundation upon which the Democrats and Progressive government is built. Its printed, borrowed and devalued money that allows the government to fund the nanny state, co-opt business to political purposes with crony-capitalism”
************
Sounds like a nice summation of Ron Paul’s book “End the Fed”. Good read in case you haven’t already seen it.
In the economic equivalent of the Twilight Zone that we live in today, in many respects the Fed IS the market. IMO its reckless printing and market manipulation is causing unhealthy distortions and malinvestment in the economy.
Then you missed a 160+% return (22% CAGR).
“TURN THOSE MACHINES BACK ON!”
Yeah, $17 trillion in “official” government debt and more than $100 trillion in unfunded liabilities. Fed is pumping $85 billion a month into the economy, and that new money is backed by....the full faith and credit of the U.S. government.
Clearly, the fundamentals are in place for a full-scale economic collapse. Thirty years from now, we’ll look back on this time as an economic moment akin to the lookout on the Titanic yelling “iceberg.”
It was too late then, and it’s too late now.
Trust me, Bill O didn’t come up with that sage advice on his own. At O’Reilly’s income level, he has a financial management team that is paid to protect his investments. He made those comments after his advisers told him to prepare for a major correction.
I’d love to know what changes Bill’s portfolio managers made BEFORE he offered that bit of wisdom. Guessing they pulled a few million out of the U.S. market and moved it somewhere else, until they can sort out where the market is heading.
Did O’Reilly ever do ads for a precious metals dealer on his old radio show? Wouldn’t surprise me to learn that his position in gold and silver has grown over the past month.
“Taper,” recovery, cheap oil, the dollar is going up! As a result of the waves of propaganda, production on U.S. soil goes further down. And so do the markets. There will be more layoffs in the U.S.A. for the sake of employees on foreign soil.
There’s no recovery. It’s too late to stop QE, because most of our fake economy is already recirculating debt. Fracking is a short term solution (plays out fast). If oil goes down, fancier technologies for harvesting oil here are halted (too expensive). A high dollar means more imports and fewer products made on U.S. soil, but we can afford to buy less in the way of imports, and eventually, none.
Oil must go up. There will be hundreds of millions more drivers in other countries along with continued increases in foreign manufacturing. The dollar must fall, or truly productive activity on U.S. soil will halt completely (manufacturing). The propaganda (e.g., “recovery”) only further harms the economy and provides only short term benefits to a few fund managers and investors.
There will be a bond collapse with skyrocketing interest rates and vicious circles of crashes throughout markets.
The Dow’s below 16,000 again with about a 1 1/2 % loss. Interesting indeed. A Monday crash would be more interesting.
The entire market and economic system has turned into a Gigantic fraud. The market does not belong anywhere near these levels. It has been propped up by fairy dust and the equivalent of money printing. It has been propped up by lies and deception. Price to earning ratios are beyond ridiculous. Any one who is playing deserves the smack they are going to get when it comes down.
For a while this will push down interest rates. But when that reverses. When interest rates for government borrowing start to rise sharply then it will be game over in short order.
Most American Citizens are Dumber than a box of rocks in that look straight at insanity and either they do not care or they expect that Fraud, deceit, and tricks, are going work for them.
Those Americans allow the insanity by banks and governments that have perverted every rule of traditional natural and moral law, And in the end All Americans will loose.
The only ones that deserve any pity for that are those who were paying attention and wished they could have got others to pay attention and fix things. Instead of just finding that they were peeing against the wind.
Those who chose to Indulge in the fraud will be ruined by it. As it should be.
Whatever, it was good that he mentioned it. Many people were getting complacent after last year’s run up and may not have been thinking about protecting themselves on the downside. IMO it was better for him to proffer the advice than not. It held out the chance for the little guy to avoid getting whipsawed in the market (panic out low and buy back in on the high).
I agree with you. As the day wears on, the talking heads on CNBC are becoming less reassuring. So far (as I sit in my paid for home which I can still afford to heat) I'm pretty removed from all the pain, but I know it won't be long until pain comes knocking on my front door.
The Dow’s below 16,000 again with about a 1 1/2 % loss.
***********
S&P dropped down below the 1800 level.
Last half hour of the day should be interesting. Last trading day before the weekend. We could see more to the downside.
“I’m looking for a 20% correction on which to buy.”
Me too. What number would inspire you to jump back in? I pulled it all out (minus the IRAs) last summer to wait for a sanity correction.
The sky is falling.
‘Twould be IMPOSSIBLE for two former-AFL teams to reach the Big Game, as there was only movement from NFL to AFC, not from AFL to NFC.
That, and Seattle was never AFL/AFC, not to mention not original AFL.
Good. It needs to. I don’t see a 16k amount of action going on in the real world.
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.