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Posted on 06/07/2010 1:28:51 PM PDT by USALiberty
Why are stocks sliding? It's pretty easy to tell. More and more people are waking up to the reality that stocks are worth ZERO in this America. If the feds can seize ANYTHING at any time, then private property rights mean nothing. Now that the Kenyan Usurper and his gang of communists is talking about taking over BP's U.S. assets, the Street is reacting.
6 months ago, stocks were a buy.....now the “pros” on CNBC are saying they would sell.
They are NEVER correct.
True...... So, so true.
Maybe they’re diving down the market so by the time they snatch our 401ks we won’t care.
“Stocks are worth zero”
Not yet, but they will be soon. Which is why I got out of equities last year.
Forgot to add....I would not be buying any stocks while zero is prez. (well, may Winchester and Remington)
I don't doubt that but do you have a link for that?
While that may be true, I think it is really because of the mounting debt crisis and the fact that stock market manipulation these days is comparable to NBA basketball.
I’m no fan of Obama but that’s just dumb.
Stocks are sliding because the market fundamentals are weak and have been since 2008. If you listen to the media that says that everything is getting better and recovery is around the corner you’re an idiot.
It is systemic. It’s not going to go away. It will get worse before it gets better. The people who do this for a living are pulling out now. They know what’s ahead. I hope that this does not happen but I would not be surprise to see the Dow break the low it set up last year some time before the fall elections and I would not be surprised to see it go sub 5000 sometime in 2011.
Unless some magical miracle comes and saves us all it will become very apparent by 2011 that this is Depression # 2.
“While that may be true, I think it is really because of the mounting debt crisis and the fact that stock market manipulation these days is comparable to NBA basketball.”
Agreed.
I’m not a stock market historian, but seems to me that the market has evolved from an investment to a casino.
Whatever happened to buying a stock, and accumulating wealth based on performance and DIVIDENDS?
Which Winchester? Olin chemical for FN-Herstal? Winchester is merely a brand name licensed from one multi-national to another and used by both.
Why'd you have to summon him?
...another sell off later part of today....DOW down 115...it’s dropped 400 in the last two trading sessions.
BINGO!
In the good old days these markets were ways to generate income! If you bought a bond perhaps it paid 3%. The reason to buy a stock was to get 4% or 5% dividends. You were a part owner, you expected the company to make a profit and share it with you.
This went out the window with the "Growth Company" model which is also referred to as "the bigger fool" model: there will always be a bigger fool to buy this stock (that pays nothing) for more than I paid for it in the future. Originally the model was applied to start ups, where it made some sense. Eventually it was extended to almost every company.
Bush tried to move the markets back towards paying more dividends, which would be helpful to help deal with the boomer retirement buldge. Some companies did start (re-start) payinging dividends. But many established companies do not.
You are exactly right that it's made the Stock Market into more of a casino.
Folks getting out because they need the cash to pay bills since they can't get jobs.
Not too much else to invest in right now if you do have cash. CD’s paying a little better than 1%.
I'd rather be in US stocks than EU.
I am pessimistic about how O is running the Country but I feel the tides are against the Dems and democracy and the free markets will prevail.
JMHO.
Tulip mania. Sorta. Bubbles break. Caution advised.
Be fearful when others are greedy, be greedy when others are fearful.
I'm thinking it's a good time to buy some BP.
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