Official death of the Dow thread.

trending back up in the final moments... looks like we'll close -5xx... beats the -630 we were at lol

EDIT: OK i was wrong... back to -600+ at the bell.
 
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Uncle Emanuel Watkins said:
This is all being caused by the jobless economy. That in turn was caused by the government which continues paying unemployment compensation which has worked to keep people idle in the communistic states located up in the northern and in the western part of the nation. When the last large recession happened, the people up and moved to the states that had better economic policies, socially speaking.
In other words, this so-called "double dip" will just be people migrating away from the states with poor economic policies towards those states with better economic policies.
The sooner the market figures this out, the sooner it will stabilize.
President Obama realizes a mass migration is a worst case scenario concerning the development of his new brand of American communism. This is why he has bowed to the other global economists around the world working with them in an attempt to destroy the rest of the bright spots and healthy economies within other states that people might move to. Examples of this is the energy business in Texas. People tend to get truck driving jobs during recessions which is why the Federal government has destroyed the American trucking industry. In other words, in order to fix this problem once and for all, the whole economy needs to be destroyed and made a shambles.
If this doesn't work, he will have the FED counterfeit the rest of our economy out of business. Ultimately the extinction caused by mass starvation will lead to more green jobs, an ideal Muslim society, and the ultimate kind of service economy needed to help advance the remaining civilization to mass construct huge space vessels to colonize the Dark Side of the Moon and Mars.
Click to expand...

I would agree with your statement except for the fact that I already agree with what Schiff has to say in general about "planning" in this extreme.... Obama (and the majority of those who surround him) just isn't smart enough to carry out a plan like this. ;)
 
I'm guessing all the big investors will buy at then end, so they can say that the stock are on the upswing
 
ok... so... watching these graphs has me asking a question:

how is this legal? if i bet $10 on a boxing match i go to jail. if i bet $10mil on the company that puts on the show... i'm all good. atleast i could hedge my boxing match bet with a state-issued lottery ticket...

twisted society....
 
PastaRocket848 said:
ok... so... watching these graphs has me asking a question:

how is this legal? if i bet $10 on a boxing match i go to jail. if i bet $10mil on the company that puts on the show... i'm all good. atleast i could hedge my boxing match bet with a state-issued lottery ticket...

twisted society....
Click to expand...

I've often wondered exactly the same thing. Even though I know enough now to argue otherwise, because of the stupidity of our government, the stock market IS more akin to gambling.
 
LadyBastiat said:
I've often wondered exactly the same thing. Even though I know enough now to argue otherwise, because of the stupidity of our government, the stock market IS more akin to gambling.
Click to expand...

It shouldn't be. When will people learn? There was a time when people bought stocks based on the performance of a company, not because Jim Cramer screams.

Rothschild is laughing in his grave right now!

The Dow is off 15.6% from its 2011 closing high. The Nasdaq is down 17.95%, and the S&P is down 17.9% from its closing high. We're getting closer and closer to bear-market territory, a 20% decline.

The S&P has lost 16.8% in just 11 days. Extraordinary.

The Russell 2000, meanwhile, is down 24.77% from its high.
Click to expand...

http://blogs.wsj.com/marketbeat/2011/08/05/live-blog-markets-turmoil/?mod=e2tw
 
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Just because the DOW does good doesnt mean that its good for Main Street. They are accustomed to doing things at our expense now.
 
DamianTV said:
Just because the DOW does good doesnt mean that its good for Main Street. They are accustomed to doing things at our expense now.
Click to expand...

Exactly my conundrum.
I have often wondered when Wall street was "doing well", when the reality was that the jobs, incomes, and livelihoods around the country were being lost.

And I watch the price of oil, Dropping is GOOD. The lower the better.
But Wall Street doesn't see it that way.
 
We should start placing money in this thread. Better odds then the market at least. Tuesday...
down about 300
 
pcosmar said:
Exactly my conundrum.
I have often wondered when Wall street was "doing well", when the reality was that the jobs, incomes, and livelihoods around the country were being lost.

And I watch the price of oil, Dropping is GOOD. The lower the better.
But Wall Street doesn't see it that way.
Click to expand...
Not all of wall street is a scam and not all of it wants high gas prices.

There are many companies you can buy stock of (portions of) that are not evil.
 
Carehn said:
Not all of wall street is a scam and not all of it wants high gas prices.

There are many companies you can buy stock of (portions of) that are not evil.
Click to expand...

It was not a study of individuals, but rather an observation of the whole.

A general observation.
But I have often thought that speculation artificially manipulates prices.
 
LadyBastiat said:
I would agree with your statement except for the fact that I already agree with what Schiff has to say in general about "planning" in this extreme.... Obama (and the majority of those who surround him) just isn't smart enough to carry out a plan like this. ;)
Click to expand...

A massive migration happening during this second dip that we are entering would be metaphorically comparable to the American people walking out as an audience on Obama's performance as president. We really need the massive migration to happen where people from the bad socialist states move to the good ones. In order for thisto happen, the government needs to be made to quit counterfeiting unemployment benefits.
 
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pcosmar said:
It was not a study of individuals, but rather an observation of the whole.

A general observation.
But I have often thought that speculation artificially manipulates prices.
Click to expand...
Speculators serve a purpose as well. They free up resources from willing sellers who are better at moving on to the next thing wile the speculator has the skill of specific foresight.

Without speculators other portions of the market would be forced to hold much wealth for much longer in non liquid assets when they could be out using it to advance whatever skill they have onto the next project.

I know you did not say anything about outlawing speculation but i hear lots of people talk about it and i can only hope that most people come to understand the benefits of the speculators may go unseen but it far outweighs the cost that you hear about.

Speculation is a right of property. My right to speculate with my money. and Washington would have us believe that if i'm good at it i benefit at the loss of everyone else. That's what they say about all trades though and we know its not true.
 
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