Dow down 1.5% today

[LiveFree79]

Isn't that already 3% for the month of July? I hope this fat b#$ch goes to 6K~

 

[muh_roads]

Isn't that already 3% for the month of July? I hope this fat b#$ch goes to 6K~

I don't. People are hurting. I'm almost at the point of praying that a new fraudulent bubble is discovered because many aren't prepared yet.

I would've settled for a quick drop to the 1.5K-4K correction level we needed to be at. But this slow decline is hurting...and now that people are laid off wanting shit to continue to drop is something I would never wish upon others.

I suspect people who are cheering on the depression are the same people who never went anywhere in life and seeing others suffer is some sort of sick satisfaction for them.

 

[RonPaulCentral]

I don't. People are hurting. I would've settled for a quick drop to the 1.5K-4K correction level we needed to be at. But this slow decline is hurting...and now that people are laid off shit will still continue to drop is something I would never wish upon others.

I suspect people who are cheering on the depression are the same people who never went anywhere in life and seeing others suffer is some sort of sick satisfaction for them.

I hope it bombs out and crashes and I do have investments. I have just prepared for both possible outcomes.

 

[muh_roads]

I hope it bombs out and crashes and I do have investments. I have just prepared for both possible outcomes.

Not everyone is prepared yet...many people have just woke up through no fault of their own. Embrace a new fraudulent bubble so we can continue to collect metal, ammo, food.

 

[Original_Intent]

I disagree Paladin - I'd much rather take a quick drop and start rebuilding than go thru a missing decade like Japan. The sooner we get to 6K DJIA, average home prices of 100K, the sooner we can start truly recovering.

Also, some pain will get people to wake up and quit blindly following "Mr. Change"

Right now he is just claiming it is all the mess he inherited, we recover now (false bubble or not) and the media and his sheeple will start naming their children after him.

There are alsways going to be people not ready, you can't avoid that. In fact if we have a false bubble that is not going to encourage people to prepare, more likely the same suckers will be pulled right back into the market.

I also don't follow you with the "some people have just woke up thru no fault of their own". Whose fault is it? I am sorry they listened to the talking heads and didn't do any independent thinking - but if someone is just waking up now, I can't see how it could be anyone's fault but their own.

 

[HOLLYWOOD]

Well, I think Americans need a good swift kick in the pants. For fasr too long, government and the fascist state have been raping and pillaging the people and their wealth.

Wall street is now a Casino, a PONZI scheme, a Pyramid scheme... No One trusts any of the markets because each day brings new government intervention, dictation, breaking of contract law, and legalized theft.

No one wants to see the innocent or ignorant suffer, but it is reality now. Tyranny and a systematic scheme to destroy the US CONSTITUTION and people's god given rights, while stealing their standard of living, wealth, savings, and freedoms... needs to have an end.

Far too long, the Jelly Brains and Play Dough minds of Americans have lost their capability of critical thinking, investigative and cognitive skills, by government.

There's a BIG wakeup call around the corner and people better start thinking for themselves. Instead of Zombies to this Government propaganda hypnosis machine, which is taking them to Collectivism slavery, Americans better wakeup or this modern day Roman Empire will crumble on top of them.

 

[Feenix566]

I don't. People are hurting. I'm almost at the point of praying that a new fraudulent bubble is discovered because many aren't prepared yet.

I would've settled for a quick drop to the 1.5K-4K correction level we needed to be at. But this slow decline is hurting...and now that people are laid off wanting shit to continue to drop is something I would never wish upon others.

I suspect people who are cheering on the depression are the same people who never went anywhere in life and seeing others suffer is some sort of sick satisfaction for them.

If theres anything we should have learned over the last year, it's that a high number for the Dow does not necessarily indicate that the economy is doing well. In fact, I would argue that a high number for the Dow is an indication of a weak economy. Think about what it really means. It means stocks are expensive. That's great for people who own stocks, but it sucks for anyone who doesn't. A high stock price usually coincides with high prices of everything else, too. That makes everyone's standard of living lower.

So why do we keep measuring the health of the economy according to stock prices? The only people that benefit from that are stock holders. It's almost as if we've all been brainwashed by stock holders to think that the purpose of all of our economic activity is to improve the value of their stocks.

I'm a stock holder, too, by the way. I'm just tellin' it like it is.

 

[RonPaulCentral]

Far too long, the Jelly Brains and Playdoe minds of Americans have lost their capability of critical thinking, investigative and gognative skills, by government.

Excellent statement, typos and all....

 

[Brian Defferding]

Do you guys speculate the stock market is going to continue to be bleak for the next couple years?

 

[Objectivist]

You may have noticed talk of ANOTHER stimulus bill in the works, this would be to maintain the 8000 that they want to lull everyone into believing. I say 4500 is a more realistic destination of the DOW. They are doing their best to destroy America because I cannot believe that ALL if them are this fucking stupid.

Lighter note... Rasmussen Poll shows 60% are against new stimulus and 13% are unsure.. the rest are fucking idiots.

 

[RonPaulCentral]

Do you guys speculate the stock market is going to continue to be bleak for the next couple years?

I do.

 

[Feenix566]

Lighter note... Rasmussen Poll shows 60% are against new stimulus and 13% are unsure.. the rest are fucking idiots.

Hahahaha!! That's hilarious!

Do you guys speculate the stock market is going to continue to be bleak for the next couple years?

If the administration keeps enacting stimulus packages, it will.

The fact that they're even talking about another one is so depressing, it's almost surreal. The first one failed. That right there is evidence that STIMULUS PACKAGES DON'T WORK. But have these guys learned their lesson? Have they admitted they made a mistake? Hell no! Instead, they just choose to believe that the reason it failed was because it WASN'T BIG ENOUGH!!!

 

[Objectivist]

The primary example of too much government spending and control is California..... need I say more?

 

[HOLLYWOOD]

Excellent statement, typos and all....

Thanx... fixed typos... in a rush doing 5 things at once over 2 monitors and a laptop.

The main thing to remember here, is Government has been lying to the people and world for months on the economy. It has been a well orchestrated machine of Propaganda via their MSM biltz, Minions, and Pundit Hacks.

 

[ArchPaul]

They're just pulling it down because they have a record amount of treasuries to sell this week.

Create demand by tanking the market, instill "confidence" in the government actions because the treasury auction was a success because demand was high, due to tanking market.

 

[muh_roads]

I also don't follow you with the "some people have just woke up thru no fault of their own". Whose fault is it? I am sorry they listened to the talking heads and didn't do any independent thinking - but if someone is just waking up now, I can't see how it could be anyone's fault but their own.

It's the MSM's fault. And I was one of those listening to all the talking heads just going about my business at my job. We haven't had much time to prepare. I've only been awake since 2007 thanks to Paul and I haven't collected enough supplies yet. Others like me are just not ready. There are many like us who ARE NOT living the false high life in a mountain of debt.

If it is a sudden quick drop then I'm for it but I am 100% convinced it won't be. This is why I want a fraudulent new bubble. People have struck out twice (tech then housing) they deserve one more chance at bat to see if they hit the ball or strike out.

The end game is bad no matter what. You do not want this. As much as you say we need it...you do not want the horror of a SHTF. If SHTF has to come now or later I choose later.

 

[HOLLYWOOD]

They're just pulling it down because they have a record amount of treasuries to sell this week.

Create demand by tanking the market, instill "confidence" in the government actions because the treasury auction was a success because demand was high, due to tanking market.

TRUE... there's so much manipulation now, who knows what's changing the markets.

It's a Casino now and the only winner is the House of Uncle Sugar.

 

[moostraks]

You may have noticed talk of ANOTHER stimulus bill in the works, this would be to maintain the 8000 that they want to lull everyone into believing. I say 4500 is a more realistic destination of the DOW. They are doing their best to destroy America because I cannot believe that ALL if them are this fucking stupid.

I agree with this assessment 100 %!!!

Lighter note... Rasmussen Poll shows 60% are against new stimulus and 13% are unsure.. the rest are fucking idiots.

lol...