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US
thesadguy
1/24/2014 12:12pm
1/24/2014 12:12pm
Edited Date/Time
2/5/2014 7:55pm
Dow, S and p, and nasdaq have all dropped a lot the past 2 days. Dow has dropped about 450 or so points in the past 2 days. Does anyone here know about this stuff? I don't but this can't be good..
This was seemed to have been tipped off by the weak employment numbers earlier this month (and I thought I heard something about China's economy slowing down as well)...
.
The Shop
first sentence of the article
It's a complete funking ruse.
Look, they are NOT going to quit doing this - not for any length of time. They just can't. What are they going to cut? Unemployment? Welfare? SNAP & EBT? School lunches? Defense? What? There will be riots in the streets if they cut any of the entitlement programs.
In a debt-money, fractional reserve banking system, there is no other choice but to print and spend at this point. The time to be responsible "ship" has sailed. My advice? Gold is on sale right now. If you can afford it, buy as much as you can. If I could load up a dumptruck with it, I would. One of these days the truth will come out about what has been going on with our banking system and the government's collusion in not only destroying the dollar, but suppressing the price of gold. When that happens, gold is going to be no less than $5000 an ounce. In the meantime, turn as much of your fiat into gold, silver, toilet paper, gasoline, tools, food, whatever floats yer boat. Real, tangible goods have value that cannot be manipulated by central bankers - not forever. They are going to try forever, but like ALL before that have tried - they will fail. They are not smarter and better than past empires. They think they are (perhaps) but paper money always finds its true value - zero.
Stamp it.
The market slowly stabilizing {without QE it would be but not growing} is the trigger to start the vomiting of cash into the market slowing. But as the QE slows it will only do so at the rate the government can handle.
Which means the manipulative hand congress has to be re-elected will have a hand in how the QE goes in the near future.
The market is largely cyclical .. go out 7 to 8 years and you can expect a correction, some greater than others. 2000 to 2001 bad ... then 2008 enough crap there killed the market, now you can see another one coming in 2014 to 2015. Nothing bizarre just the way things work.
If you're worried about a 401k wait till the fall then move your money into a safer investment and wait out the winter. "Winter" meaning the correction that is indeed due. By the way this one won't be nearly as big as the one in 08. They wanted a scape goat for that one and they had Bush.
As to the 401k, I left the market in August of '07. Other than some day trading during the 500 point daily swings at the bottom, I was gone for good. I have no intention of getting back in. Getting in now would be asinine. Look at a chart of the S&P and you see the collapse of the '07 real estate bubble. What is causing this current bubble? QE? There are some glaring anomalies in this market run up. For example, we have blown right past the '07 top in terms of stock values but we are millions of people behind in terms of employment. Just that makes this market seem a little hollow.
Pit Row
Either way it's a petty sophomoric situation but that seems to be the way things go anymore.
Before February, the treasury will run out of it's borrowing limit so we're going to have another round of negotiations. The house has already said that they expect compromises from the senate, and the senate has already said absolutely no compromises. . . If we shut down again, there will be another credit downgrade and the market will drop significanly.
I'd hate to be a financial advisor right now with this wishy washy government we have right now.
Now go put your money where your mouth is.
Would you take suspension advice from your broker?
If you really believe what you wrote is going to be the real deal, did you dump everything and put all your money in gold? I have an old acquaintance who took his new wife's ENTIRE retirement and put it in gold, right around 2008 or so. Horrible, horrible move, and mostly based on FEAR. He no longer has his new wife. I have a feeling you did not.
Again, not calling you out as a fear monger, but it just sucks to hear people living in fear financially from what they hear on the local news or internet websites and no real education on how the financial system works. And I'm talking financial system locally, nationally, and globally.
I do have a substantial amount of savings in gold and silver - physical gold and silver.
You don't have to prove anything to me. I don't care how you invest your money. Go head and put your savings in fiat. We'll see how that works out. I sincerely wish you the best of luck.
As for your advice about taking advice from an MX forum, I can't say I disagree. Folks should do their homework and invest or save on a level they are comfortable with.
Post a reply to: Anyone see stocks today?