Posted on 09/22/2011 7:51:20 AM PDT by SeekAndFind
Sell now! Panic! Panic! Go strictly on emotion and nothing else!
I certainly hope he is wrong.
“We’re going to be seeing Market Crashes, Bank holidays, riots, food shortages, dogs and cats living together...real wrath of God stuff!”
Actually, no QE3 is a very good thing.
The market is going to get alot worse before it gets better though.
Barack Hussein Obama is damage in its purest form and in every aspect.
We are definitely going to pay for the mistake of electing this man, and we are going to pay hardcore.
“Those who fear deflation buy bonds; those who fear inflation buy gold; those who cannot decide buy both.”
Can’t remember who said that! Sounds good right now!
FUBO GTFO! 486 Days until Noon Jan 20, 2013
Well, I bought my tractor last weekend, but I still need to get my 40x60 sheet metal building up before it happens. Gotta get that floor poured pronto!
—Sell now! Panic! Panic! Go strictly on emotion and nothing else!—
That is the first mention of panic in this thread. I believe the OP was talking about trustworthy indicators, as opposed to emotion.
Kinda like when Schiff was laughed at in 2006 when he said that the fundamentals said the bubble was bursting - and he was laughed at on live television by other “economists”. And he was dead right.
Actually, no QE3 is a very good thing.
Yes, maybe also insuring Obamas’ defeat in 2012.
Wait...what? Did he just say the Fed controls the markets? Pardon me while I fail to panic, but I think the time has come for us to nationalize the fed. It's insane that the government gave one of their few limited powers to a privately owned banking consortium.
Those who fear deflation buy bonds; those who fear inflation buy gold; those who cannot decide buy both.
Though I did not intend it that way, that is how it has worked out for me. I did put my 401k into bonds too soon though - 2009. My wife’s 401k stayed in stocks and practically caught up with mine, which has much more of my money invested from my pay. I’d like to just cash them both out now, but want to wait “till next year when the tax hit would be much lower. But they may lose more value than that if I wait.
Decisions...
—Actually, no QE3 is a very good thing.—
Concur. The less they do, the better.
Obama - putting the DOW in DOWN
I just wonder how much your wife’s 401K gave back since July and will continue to give back through the end of this year?
My bond fund is doing pretty good, was in the green yesterday and again today amid a sea of red
But we did spend about 10% of what I would call long term savings on precious metals...as an insurance policy
I mentioned in another thread that it is ALL about precious metals for me. That said, the farm, tractor, building, guns, seed, canning supplies, fenced area for a few head of cattle are even more valuable than the metals. That stuff comes first, metals second, other “investments” last.
You might find these interesting:
http://www.market-ticker.org/akcs-www?post=194631
http://www.zerohedge.com/news/morgan-stanleys-exposure-french-banks-60-greater-its-market-cap-and-more-half-its-book-value
Regardless of one’s opinion, I’d certainly say that we live in interesting times.
The feds did nothing because they don’t know what to do either.
It’s gotten that bad.
We are in a stinking mess and we have no President.
We have an incompetent Narcissist .
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