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I don't know if anyone ever told you but you are a Wonderful Woman. Similar to Molly Brown who took command of the Life Boat in Titanic. A rare breed indeed.
This time I am really concerned about a depression. Bernanke most likely move is to increase money supply. This should quickly pull us out of deflationary mode which he desperately wants. Devaluing the dollar will be side effect.
My concern, what if this time its different and demand does not appear. Banks across the Globe under duress from defaulted paper, Employers have no desire to hire, Unemployment ravages to 20%, Income taxes increase, Pension funds can't meet the 8% projected returns, and savers find the U.S. Dollar buys less.
This is the making of a severe depression and no asset class is safe. All Countries reciprocate borrowing in a never ending cycle. One goes down they all follow into a dark hole. No place to hide.
We are electronic society were money moves with push of a button. This will not be like the 1870's depression or 1930's. No one know the outcome.
Right. And in year 2000 you were modeling Victoria Secret. Boy time fly's.
Smiling Chambers never misses. Not good at all.
You need more patience Lee. Let it flush out some more.
Go get'em Tiger.
Japan down 2.5% tonight.
Pension plans across America are flat broke. The 8.5 return projections over estimated.
ADM on the fake out this morning. :))
Very good article! Worth the read.
That DRV is a good trader. Anytime I want short R.E. its the first on the list. I also like SRS but found DRV more bang for the buck. If SRS up 4% then DRV would be up 6-7%.
I will SIT ACCORDINGLY!! Much dust flying.
Slap Gadget? Vince and Lindsey together for movie. You will not fall out of chair with boredom.
http://ucmovie.com/
Checking accounts offering 5%. I was amazed and thought "whats the catch".
http://www.depositaccounts.com/checking/reward-checking-accounts.html
Generally speaking citizens of Texas would like oil to gradually increase.
Recap from Sat post. I did not think a move like today would happen this soon.
Posted by: Smart_Money
Date: Saturday, July 31, 2010 3:32:03 PM
In reply to: Fishsurfer who wrote msg# 657461 Post # of 657517
S&P could touch 1200 end of August (just like the Feb 8 to April 23 move). We moved 10% in July and the same could happen in Aug. If we touch it, the next move will be down hill sweep. Just my opinion. Another words S&P 500 at 1200 is a make or break line.
S&P could touch 1200 end of August (just like the Feb 8 to April 23 move). We moved 10% in July and the same could happen in Aug. If we touch it, the next move will be down hill sweep. Just my opinion. Another words S&P 500 at 1200 is a make or break line.
Matthew Simmons is short BP and he is not worried. Today he still believes BP to Zero in Bloomberg interview.
O F. Fred, F. Fred, Wherefore Art Thou F. Fred?
Father Sarducci makes his presents.... snicker.
Strong "Head and Shoulders top" in my opinion. Completely out of the market, Don't want to be a sheeple. That is my Call !!!!
Why don't you two get a room and make up. You will get a standing ovation from the Thread.
The last few weeks have been a roller coaster sure to cause sea sickness. Hard to imagine people have 401k money invested. This is not what most signed up when investing in retirement account. I guess the average Joe afraid to even look at account (head in sand). Praying that the investment adviser is correct to keep investing and never look back. I always chuckle when they start the mantra.
I just want to be with the "Winners" regardless of opinions.
2.82% bad out of hell run with no news. I notice M2 up the last few months so inflation is around the corner. I am grabbing straws thinking it was the cause. Certainly deflation is long gone.
HUGE RUN today. No economic news, no news anywhere but the market up large. Mystifying.
My first thought too.
Father F was only making calls of the market, not providing charts or trading theory. Anyone can make them calls. I remember a wise man on SI "Bald Man from Mars". He was shorting the market and lost most of his trading money. Most all posters on SI made him out to be some crazy "Uncle Buck" but he was very much loved. He even changed his name (I believe Fallen Cowboy) because of all the ridicule. His very last call with what little he had was "Short on Yahoo at 100.00!!! Literally it was call heard around the world on SI. He will always be remember for it.
Father F still has time to redeem himself.
Hope and eventually is the terms used in Ponzi.
If investing has turn into a gambling sport its time for me to close shop. The market would not exist if its a Vegas gamble. Think of the 401k.
$600 Sale? Get Ready for Tax Form
By David L. Ganz, Numismatic News
June 29, 2010
A blizzard of paperwork could be about to hit numismatics.
Passage by Congress of the national health care legislation has had an unintended consequence to the nation’s coin collectors, vest-pocket dealers who buy and sell coins, and larger dealers who are frequent buyers of coins that collectors periodically liquidate as they trade up their collections for better coins, or simply sell to take a small profit or loss.
What has happened is that effective Jan. 1, 2012, the whole system of giving and receiving Internal Revenue Service 1099 forms will be turned on its head and all persons (including corporations) who are in business will now have to give 1099 tax reporting forms for coins and other goods that they sell as well as buy.
http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=11843
My comment: Seems this is not limited to coins.
Fr Fred must be hiding under desk.
And they are off....slipping and sliding.
WOW!! I guess the moderator could not banned the posters to avoid disarray. Might as well banned the posters (notice the posters once banned here) on the Politics boards right here and now before the "poison" creeps over.
Citizens against right to bear arms convert overnight when they or family members become victims of criminals. What is strange to me, it had to go all the way to the Justice for confirmation.
How about your input... Could this be possible.
http://www.helium.com/items/1864136-how-the-ultimate-bp-gulf-disaster-could-kill-millions
My first thought was the relief wells.
Baltic Dry Index has disclaimer saying....
The BDI is based on US dollars, so it may also be influenced by changes in the value of the US dollar.
Hummm.