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John Williams Warns Of "Severe And Violent Sell-Off In Stocks"
ZeroHedge ^ | 10/15/10 | Tyler Durden

Posted on 10/15/2010 9:54:44 PM PDT by FromLori

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To: FromLori

Love his soundtracks, especially the Star Wars series.


21 posted on 10/15/2010 10:27:32 PM PDT by matthew fuller (11/03 Headline: Dems Totally Decimated, Obama Flees Country.)
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To: ducdriver

One can’t work without the other.


22 posted on 10/15/2010 10:27:57 PM PDT by unkus
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To: CitizenUSA
"Historically, these things always burst, and when they do, the late comers get slaughtered."

Gold went up like a rocket when Carter was President because of inflation. It hits all time highs today for the same reason. The fed is cranking up the printing press. No one want's to say inflation but that is what is happening.

23 posted on 10/15/2010 10:33:03 PM PDT by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: Steelers6
The market since the end of August has went up over 10%, nothing going on in the Economy can explain part of this, Unemployment Lost 95,000 more net jobs, consumer confidence, foreclosures, $1.3 - $1.6 Trillion debt.

Interestingly, the USD has fallen against most Asian currencies by 4-5% over that same period. Probably easy to get "euphoria" over a rise in the DJIA because the currency it's based on is being devalued...

24 posted on 10/15/2010 10:43:41 PM PDT by PugetSoundSoldier (Indignation over the Sting of Truth is the defense of the indefensible)
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To: CitizenUSA
Historically, these things always burst, and when they do, the late comers get slaughtered.

Once something becomes common knowledge for us little folk, the bubble is on its way to bursting. I'm actually wondering if maybe I should sell a few small gold trinkets that are bent and useless. It's not a lot, but at the prices now, it might be spending money for a few weeks.

25 posted on 10/15/2010 10:47:37 PM PDT by grania
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To: Jan Hus

What about parsley and sage? Can’t very well go to Scarborough Fair without them...


26 posted on 10/15/2010 10:50:36 PM PDT by PugetSoundSoldier (Indignation over the Sting of Truth is the defense of the indefensible)
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To: antceecee
I need some guidance on managing my mother’s 401k to protect what she has and hopefully grow it to help support her through her illness.

I'd keep it in FDIC bank CDs, no more than $100,000 each bank. And I'd keep her out of it as long as possible, until interest rates go up. But I'm overly cautious.

You really want to protect her and you? Move her in with you.

27 posted on 10/15/2010 10:51:10 PM PDT by grania
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To: antceecee

My mother in law is in a similar situation except she’s in reasonably good health. She has a small nest egg that used to provide enough interest/ROI for her living expenses. Now she’s living off of the nest egg itself. I was worried about that at first, but she’s in her 90s. As she explained, it’s not like she has to live off it for 20 - 30 years, and all of her children/grandchildren are financially independent. What if she runs out of money before she dies? That’s where family comes in. We will do whatever is necessary when and if that time comes.


28 posted on 10/15/2010 10:55:56 PM PDT by CitizenUSA
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To: grania

The rates on $100,000 CDs are abysmal.


29 posted on 10/15/2010 10:57:35 PM PDT by CitizenUSA
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To: FromLori
Didn't he compose the score for Star Wars?

"Use your feelings, Luke. Join me, and we will rule Commodities together as father and son."


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

30 posted on 10/15/2010 11:15:31 PM PDT by The Comedian (They Live. We Sleep.)
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To: FromLori

Been meaning to say glad to see you back in force on the subject Lori! Thought you dropped out on us there for a while...


31 posted on 10/15/2010 11:16:28 PM PDT by JDoutrider
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To: blackbart.223
I've been watching premium gas go up two cents per gallon every day. The Arco station bottomed at $3.05. It was $3.17 today. That's what my Harley eats. Unfortunately, it has been raining all week, so I have to drive the Mariner. It eats regular gas at $2.97/gal, but only gets 28 MPG. Rising gas prices and bad weather forcing use of the more expensive vehicle. The Harley was getting 47 MPG until I put the windshield on. Now it's getting 41 MPG. More pleasant to ride, but at a cost.
32 posted on 10/15/2010 11:19:27 PM PDT by Myrddin
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To: CitizenUSA
The rates on $100,000 CDs are abysmal.

For us small savers, they're non-existant. If I decide to stop working my supplemental income job, the answer is just going to be to not spend money until interest rates go up.

I'm up tonight at least partially because I'm heartsick. Today, I was at a school where there are a few teachers who are over 55, and had a career change to education when the layoff situation in private businesses started....it's over ten years ago now. It's a tough school. Three of them, good people, actually said they're pretty sure the job will kill them. They're to young to get their small amount of social security, and they'll never see a teacher pension. If they take a year off, they'll never be rehired...they know that.

One can't help but wonder if the system is trying to force them out by putting them in the most challenging schools. These are good people, who deserve better. The thing is, they're good teachers, the kind who know when all of these new initiatives and plans just aren't working.

33 posted on 10/15/2010 11:21:49 PM PDT by grania
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To: unkus

I agree.... lots of it encased in brass.

LLS


34 posted on 10/15/2010 11:39:30 PM PDT by LibLieSlayer (WOLVERINES!)
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To: grania

I wish I could tell you it’s going to get better, but who can predict the future? I think we’re all agreed here that the country is on the wrong path, but changing course isn’t likely to be painless. On the other hand, not changing is probably going to be much worse. Good people will find a way through it like they always do.


35 posted on 10/16/2010 12:02:47 AM PDT by CitizenUSA
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To: grania
"I'm up tonight at least partially because I'm heartsick. Today, I was at a school where there are a few teachers who are over 55, and had a career change to education when the layoff situation in private businesses started....it's over ten years ago now. It's a tough school. Three of them, good people, actually said they're pretty sure the job will kill them. They're to young to get their small amount of social security, and they'll never see a teacher pension. If they take a year off, they'll never be rehired...they know that."

The only time you give up is when you die. Not before. And maybe not even then because what you do survives even after death.

36 posted on 10/16/2010 12:19:52 AM PDT by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: blackbart.223
No one want's to say inflation but that is what is happening.

It is the only way the government can deal with trillion dollar deficits.

37 posted on 10/16/2010 12:51:20 AM PDT by justa-hairyape
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To: justa-hairyape
"It is the only way the government can deal with trillion dollar deficits."

This is going to get ugly I think. Not that it isn't already. I am old enough to rember Jimmy Carter and this is much worse.

38 posted on 10/16/2010 1:07:48 AM PDT by blackbart.223 (I live in Northern Nevada. Reid doesn't represent me.)
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To: FromLori

X


39 posted on 10/16/2010 1:10:10 AM PDT by arkady_renko
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To: FromLori

As opposed to the gradual and polite selloffs we usually see. And keep pushing rare metals. Pretty soon it’ll be trapped juan the miner stories daily. These “miners” are gold bugs digging around in century old holes because of the current gold mania. Hardly worthy of our oohs and ahhs.


40 posted on 10/16/2010 1:14:31 AM PDT by kinghorse
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