Market took another deep ass fucking today
 

and "FEAR!" is the word of the day. Dow: -376.36

Stocks got pummeled Thursday, with the Dow, Nasdaq and S&P 500 losing enough to fall into "correction territory" - marked by a drop of more than 10% off the rally highs.

those triple leveraged options are starting to pay off.

Yeah, not a good day today in the Stock Market, or this week.
This isn't looking good. Obama should get up and lie about something positive for a change. That always helps a bit.

Sorry, duplicate post.

That's the only reason the Market was up, we should have had a crash months ago. BErnanke and Obama can't twist the European debacle though.

something big is about to happen

Either that, or it will be corrected to a point where it is set back to a point worth to begin with without all the smoke and mirrors.

While a few of us no doubt see it that way, I think most would see a correction like that as nothing less than 'financial apocalypse'.

Our financial collapse is inevitable. Obama and Bernanke just postpooned it and in turn, made the inevitable collapse even worse.

And with ZERO incentive to save cash where do people put their money? Real estate? lol


.

A friend of mine who sold his company to an other company noted on the stock exchange 8 years ago, he frequently visits my office just to chat, have coffee, talk about life, problems with kids/wife and do gossip and all. He once said this to me, and I recall it perfectly: "If you have a company doing 100M per year making 1M profit and you go public IPO, how can a company be worth a billion a day later, since they still doing the SAME 100M in revenue and making the SAME 1M in profit? Nobody could ever explain me that logic, I just can't grasp it but I was paid for it, don't ask me how but it happened."

He never mind the fact he got paid but he never really understood how that system worked and why it's there in the first place.

I was involved with a few companies back in the dot com bubble that were on the verge of IPO... hell there was no end to them here in Silicon Valley back then, everyone was "the next big thing about to IPO".... some made it, some didn't. But shit, I remember those crazy dot com schemes and businesses spending money like I've never seen before, or since. Insane spending. And it was all perfectly normal. Run out? Just hit the investors up for another check. The general vibe was, "after IPO we'll all be worth billions, so it doesn't matter".

Of course we know how that worked out.... lol :1orglaugh

Manipulation to try to get people to buy bonds or a correction that will run deep.

People would be stupid to buy bonds or treasuries at this point or any point in the future.

not sure why the market is going up anywho,

while we are in deeper debt..

Since most people don't know dick about the banking system maybe a black man can explain some history to you.

buy low, sell high.

this is low :)

Markets sell off so fast because fear is a much more powerful emotion than greed.

American dominance in the world economy is over. Accept it. Unless Uncle Sam decides to start another world war and fights it in someone elses backyard. You'd be wise to consider moving money overseas, specially Asia.

Or trade it, going long isnt the only direction... be just as prepared to short the market. But most of all be patient and use yer noggin'

:1orglaugh:1orglaugh:1orglaugh:1orglaugh:1orglaugh

I would not say there is zero incentive to save cash but rather that it is very difficult given the returns. That is what easing is suppose to do -- get you to seek return by investing in non-cash derivatives.

On the contrary, cash and cash equivalents in the safest institutions and governments is where I would invest liquidity. :2 cents:

You've said this before, yet the US bond market and the dollar have been going straight up recently.

Still, I agree that the long end of the curve has a lot of risk and eventually I see bonds declining. Same with the dollar.

Right now, cash and cash equivalents is where the safety is and the means to a great extent dollar denominated T-bills (short-end of the curve).

It's the same deflation vs inflation view in the short-term.

Looks like S/N Corea war ia about to start, just before world cup kick off i guess

the dollar is looking good right now (against the euro); most analysts think that it will stay that way or even appreciate and I happen to agree with them

Start? It never officially ended. They have just been in a state of cease fire.

Number one problem. People have been duped into thinking that the stock market is a valid source of gauging one's economy. It's little more than the largest legal casino in the world. Unfortunately a casino wherein people's lives and livelyhoods are played with on a daily basis.

The entire system must fundamentally change. Capitalism is not the problem. Un-checked capitalism is the problem.

http://www.nancarrow-webdesk.com/war...g.367015_t.jpg

I was only 3 months off.

Heavily regulated capitalism is an even bigger problem. Obama doesn't know how to go right down the middle, so he goes from one extreme to the other.

Hope and change, Baby!

Bush did the bailout, Obama just fell in line like the good tool he is.

I agree... In fact, I've been saying exactly that in all the recent dollar collapse threads (that have gone away recently it seems).

That said, at some future point the dollar will likely resume its' decline unless there is a miracle. :disgust

We're All Going To Die!!!


Unfortunately it will still take too long for some of us to die. :1orglaugh

Bush signed some of the bailouts, Obama signed and did the majority of them, hell he's still doing it.

I am willing to bet my life savings on this logic. The dollar has nowhere to go but down. There is nothing suggesting it will rise anytime soon, other than comparatively to the Euro and when the European crisis is over, we'll still have ours and the dollar will continue declining.

are you completely delusional? bush signed some of the bailouts? Bush admin ENGINEERED the first 800 billion dollar bailout after the pyramid scheme collapsed.
Amazing how people try to re-write history.

Yup... It's really just a matter of what you expect in the near-term.

If you see deflation as a result from a continuing contraction of credit, the pressure on the dollar will not be there until the unwinding of the debt is over.

Then, I think we agree what will likely happen to the dollar.

http://www.washingtonpost.com/wp-dyn...011300861.html

http://biggovernment.com/capitolconf...f-wall-street/

http://www.usnews.com/money/blogs/fl...ook-like-bushs

http://www.redstate.com/brian_d/2010...-bailout-fund/

http://www.cbsnews.com/8301-503983_1...37-503983.html

http://thehill.com/homenews/administ...uts-paying-off

I could go on but I think we get the point.

Some people see a deflationary spiral coming for the double dip depression, I'm on the side of Paul and Schiff. I see inflation, high inflation, and then hyperinflation.

Oh we get the point all right. Washington Post, biggovernment.com?? :1orglaugh:1orglaugh:1orglaugh

Yea, we do. Predictably, you start bitching about the sources. I rest my case.

There's a lot of political ideology operative in this discussion that seems to me to be off the mark.

It didn't start under Obama. It didn't start under Bush, although it may have reached the end then.

Did it start under Clinton with the tech bubble... Reagan? How about Nixon and the gold standard? Shall we go back further?

The point is that no one made the masses leverage themselves out of control except the masses themselves. It's crowd behavior finally culminating in a bubble(s) of proportions we have not seen in some time.

The consequences are what they are.