Is anybody buying this as a good sign? I don’t know enough about economics to know if this is a good sign or just a last ditch effort into convincing people into thinking everything is ok.
Also, if the dollar starts to fall what do you blow the rest of your cash on? Gold? Help a wanna be investor.
[quote]dnlcdstn wrote:
Is anybody buying this as a good sign? I don’t know enough about economics to know if this is a good sign or just a last ditch effort into convincing people into thinking everything is ok.
Also, if the dollar starts to fall what do you blow the rest of your cash on? Gold? Help a wanna be investor.[/quote]
The market rose because the Job report was as expected, meaning the bad news was expected. Silver made a 52 week high today.
It will probably be back at 10,000 soon enough.
[quote]John S. wrote:
The market rose because the Job report was as expected, meaning the bad news was expected. Silver made a 52 week high today.[/quote]
Maybe I read wrong but all the articles I looked at said the report for non-farm jobs was significantly better than expected.
[quote]PimpBot5000 wrote:
[quote]John S. wrote:
The market rose because the Job report was as expected, meaning the bad news was expected. Silver made a 52 week high today.[/quote]
Maybe I read wrong but all the articles I looked at said the report for non-farm jobs was significantly better than expected. [/quote]
I was talking about the unemployment. it went to 9.6%(or 18.5% if underemployment is considered). The farm may have been better then expected, but we are still shedding jobs, unemployment going up, there is no good news.
[quote]John S. wrote:
[quote]dnlcdstn wrote:
Is anybody buying this as a good sign? I don’t know enough about economics to know if this is a good sign or just a last ditch effort into convincing people into thinking everything is ok.
Also, if the dollar starts to fall what do you blow the rest of your cash on? Gold? Help a wanna be investor.[/quote]
The market rose because the Job report was as expected, meaning the bad news was expected. Silver made a 52 week high today.[/quote]
The jobs report was actually not as bad as expected. 54,000 jobs were lost in August, fewer than expected.
[quote]Standard Donkey wrote:
[quote]John S. wrote:
[quote]dnlcdstn wrote:
Is anybody buying this as a good sign? I don’t know enough about economics to know if this is a good sign or just a last ditch effort into convincing people into thinking everything is ok.
Also, if the dollar starts to fall what do you blow the rest of your cash on? Gold? Help a wanna be investor.[/quote]
The market rose because the Job report was as expected, meaning the bad news was expected. Silver made a 52 week high today.[/quote]
The jobs report was actually not as bad as expected. 54,000 jobs were lost in August, fewer than expected.[/quote]
It still moved to 9.6%, that was what was expected.
My stocks have done nothing but go up. Sure glad I didn’t listen to you nay sayers. I’m making money and you guys are missing out. Oh well.
[quote]ZEB wrote:
My stocks have done nothing but go up. Sure glad I didn’t listen to you nay sayers. I’m making money and you guys are missing out. Oh well.[/quote]
That’s because you know what to do with your stocks. I don’t. 
[quote]ZEB wrote:
My stocks have done nothing but go up. Sure glad I didn’t listen to you nay sayers. I’m making money and you guys are missing out. Oh well.[/quote]
I hope that continues. Odds are against it but if you can outguess the Fed and beat the pros, more power to you.
By beating the pros I mean that you find the stocks before they do, and they bid up the price.
The 10 year treasury is at a 30 year low yield. What will happen to most (not all) stocks when interest rates rise? Unless you believe that interest rates will remain at this level for a generation, you’ve GOT to figure this into your investing.
Okay, let’s say you don’t want to. Fine. But your competition WILL. What will happen to stocks (again, in general, but not all)? Stocks don’t exist in a vacuum.
If you can beat this, then you should start a hedge fund.
[quote]dnlcdstn wrote:
Is anybody buying this as a good sign? I don’t know enough about economics to know if this is a good sign or just a last ditch effort into convincing people into thinking everything is ok.
Also, if the dollar starts to fall what do you blow the rest of your cash on? Gold? Help a wanna be investor.[/quote]
Ludwig Von Mises will help here…
"The severe convulsions of the economy are the inevitable result of policies which hamper market activity, the regulator of capitalistic production. If everything possible is done to prevent the market from fulfilling its function of bringing supply and demand into balance, it should come as no surprise that a serious disproportionality between supply and demand persists, that commodities remain unsold, factories stand idle, many millions are unemployed, destitution and misery are growing and that finally, in the wake of all these, destructive radicalism is rampant in politics.
"The periodically returning crises of cyclical changes in business conditions are the effect of attempts, undertaken repeatedly, to underbid the interest rates which develop on the unhampered market. These attempts to underbid unhampered market interest rates are made through the intervention of banking policy â?? by credit expansion through the additional creation of uncovered notes and checking deposits â?? in order to bring about a boom.
"The crisis under which we are now suffering is of this type, too. However, it goes beyond the typical business cycle depression, not only in scale but also in character â?? because the interventions with market processes which evoked the crisis were not limited only to influencing the rate of interest. The interventions have directly affected wage rates and commodity prices, too… "
Buy silver. Gold has rocketed. It may double soon as the currency collapses but silver has more upside. Sometime in the next 3 to 5 years, gold will be $5000/oz while silver $200/oz. (Here is where Zeb laughs, kinda like how people laughed when I said gold would go to $1000 a few years ago.)
Gold may be confiscated to pay our Chinese masters so silver is a better and safer play. After it soars and things look really terrible, sell your silver and buy distressed farmland far from any city. (I recently bought land on the west side of Michigan which is currently an orchard, partners with a college buddy who lives nearby.)
People, make sure you’re prepared for the Great Collapse. No sense in preparing for the distant future, because there won’t be one.
I myself have acquired 3 hobo outfits (fingerless gloves, toeless boots, the works!), a shopping cart to push around my meager belongings in, and several shotguns to defend myself against the inevitable onslaught of cannibalistic zombie-humanoids which will sweep across our great land. No need for sunblock…the skies will be forever cloaked in ominous gray. Oh, and make sure to stock up on fuel…the huddled masses will thank you, because those trash cans won’t light themselves…
We’re done, people. Let’s just give up now.
[quote]Headhunter wrote:
[quote]ZEB wrote:
My stocks have done nothing but go up. Sure glad I didn’t listen to you nay sayers. I’m making money and you guys are missing out. Oh well.[/quote]
I hope that continues. Odds are against it but if you can outguess the Fed and beat the pros, more power to you.
By beating the pros I mean that you find the stocks before they do, and they bid up the price.
The 10 year treasury is at a 30 year low yield. What will happen to most (not all) stocks when interest rates rise? Unless you believe that interest rates will remain at this level for a generation, you’ve GOT to figure this into your investing.
Okay, let’s say you don’t want to. Fine. But your competition WILL. What will happen to stocks (again, in general, but not all)? Stocks don’t exist in a vacuum.
If you can beat this, then you should start a hedge fund. [/quote]
You really don’t know the first thing about investing do you? I’ll say this once again, you don’t try to time the market. No one can time the market and when you try, that’s when you get your head handed to you. I invest for the long-term. If the market goes down 100 points I don’t scream about the sky falling sell everything and hide in my basement. That’s the opportunity to buy more stocks at a cheaper price.
You need to look at stocks for what they are. The opportunity to purchase part of a company. Now I ask you, would you rather buy the company at a high, or low price? When stocks go down you have to look at that as an opportunity to buy the same company you may already own, only cheaper.
If you think the US is going to fall apart and there will be no country left, I understand why you wouldn’t want to take advantage of market down turns. However, all nutty economic theories aside, this is a great time to make money, and that’s exactly what I’m doing.
On a final note, the real fools are the ones right now who are buying gold, and building shelters and stocking them with freeze dried corn chips, or whatever it is nutbags do. People who have a sound understanding of the stock market will always make money because they resist the temptation to react to the two major movers of the market “Fear” and “greed.” If you were smart enough to look at yourself you would understand that you are full of fear right now. Might be too much Glenn Beck, I don’t know (not that he’s wrong about Obama). Beck, is really stirring up the economy is falling hoopla. Yet, he seems to take his pay in dollars, not gold. And has a sweet heart deal with Goldline. Could this be influencing him? I don’t know, maybe he really believes the economy is going to crash and we’ll all be in the land of Mad Max. But trust me, it’s total nonsense.
Okay, one last comment:
“Buy when there’s blood in the streets.”
A serious question…why are so many of the gloomers advocating purchasing farmland?
In the event of food riots, anarchy and martial law, do you not think that the crops from your heirloom seeds are going to be reappropriated by armed soldiers (who will probably be among the few people still receiving a steady paycheck)? Or are you going to hook up a Ron-Co food dehydrator to some solar panels, dry the shit out of your vegetables and hoard them away?
Honestly, what is the plan with the farmland?
It doesn’t take a genius to see that the general market must dominate most investments. Even gold was dragged down by the collapsing market in 2008. Zeb, you might find the best stock in the world but you CANNOT BEAT THE MARKET. Are you Warren Buffett? No? Then you’re going to get sheared.
You really think that you can beat a market that is selling for about 4.6 times book (only the dot.com bubble was higher), a PE of 20, and a dividend yield of 2.15? Its not me that’s calling your plan BS, its the history of the market.
Just like with lottery tix, you might buy some windmill company that get a gov’t contract and makes you a fortune. That’s just dumb luck.
So I wish you luck…you’ll need it.
[quote]ZEB wrote:
My stocks have done nothing but go up. Sure glad I didn’t listen to you nay sayers. I’m making money and you guys are missing out. Oh well.[/quote]
This is real talk
[quote]Standard Donkey wrote:
[quote]ZEB wrote:
My stocks have done nothing but go up. Sure glad I didn’t listen to you nay sayers. I’m making money and you guys are missing out. Oh well.[/quote]
This is real talk[/quote]
So is the fact that the dow when you take into account inflation is lower then it was in 1999. Thats some real talk too.
[quote]PimpBot5000 wrote:
A serious question…why are so many of the gloomers advocating purchasing farmland?
In the event of food riots, anarchy and martial law, do you not think that the crops from your heirloom seeds are going to be reappropriated by armed soldiers (who will probably be among the few people still receiving a steady paycheck)? Or are you going to hook up a Ron-Co food dehydrator to some solar panels, dry the shit out of your vegetables and hoard them away?
Honestly, what is the plan with the farmland? [/quote]
You’ve heard of the Industrial Revolution? Obama is leading the Anti-Industrial Revolution. As Americans have to return to agriculture, farmland should rise in value.
You notice also that farms should be bought far away from cities. Make it harder to be looted. This is a worst case scenario though which has low probability of happening. If we ignore the threat to our oil-based economy (see other thread) however, then the odds improve for a total collapse.
[quote]Headhunter wrote:
It doesn’t take a genius to see that the general market must dominate most investments. Even gold was dragged down by the collapsing market in 2008. Zeb, you might find the best stock in the world but you CANNOT BEAT THE MARKET. Are you Warren Buffett? No? Then you’re going to get sheared.
You really think that you can beat a market that is selling for about 4.6 times book (only the dot.com bubble was higher), a PE of 20, and a dividend yield of 2.15? Its not me that’s calling your plan BS, its the history of the market.
Just like with lottery tix, you might buy some windmill company that get a gov’t contract and makes you a fortune. That’s just dumb luck.
So I wish you luck…you’ll need it. [/quote]
Stocks purchased over a period of time have been shown to be the best investment over the past 200 years. And I know I don’t have to post a 200 year history to prove this. Or, would you like that? So you can move on your merry way singing gloom and doom and I’ll keep making money. 10 years from now I will be worth far more than I am now, and you will be sorry you listened to nut bags.
That’s really the end of the story.
[quote]Standard Donkey wrote:
[quote]ZEB wrote:
My stocks have done nothing but go up. Sure glad I didn’t listen to you nay sayers. I’m making money and you guys are missing out. Oh well.[/quote]
This is real talk[/quote]
Real talk is refreshing after reading the bullshit that Headhunter and company have been posting.