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S&P 500
7,041.28
(
0.26%
)
US TECH 100
25,652.00
(
0.13%
)
Dow Jones
48,578.72
(
0.24%
)
Brent Oil
94.20
(
-0.86%
)
Bitcoin
75,772.61
(
0.79%
)
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Post# of 275618
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Rawnoc

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Rawnoc

Re: nowayout post# 187383

Tuesday, 03/03/2009 10:03:31 AM

Tuesday, March 03, 2009 10:03:31 AM

Post# of 275618
Nope, I know his post was horseshit. His Dow predictions I have no idea, but his notion of $80 trillion in debt is lunacy that any actuary would laugh his ass out of the room. He's counting all future potential payments and assuming zero revenue.

It's like having giving birth to a brand new baby and then saying "shit, we have $500,000 in debt now because we have payment obligations to support him for the next 18 years and we have only $200,000 in the bank. We're bankrupt and our entire lifetstyle is a ponzi scheme I guess."

Raw

Research & analysis on some of my favorite stocks is located on the sticky note on the SwingTrade board.

SWING TRADE BOARD: http://investorshub.advfn.com/SWING

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