the stock market plunges-"I" Told You So

[maui1]

today will be interesting. stocks and gold will react to something that has not changed, will not change, but senses the end is near.

we can't continue to bank today what is expected in the future, and still have promise for the future.

dow 2000? who or what post said that?

[smackdown]

Dow at 2000. Figure it out on your own... the bulk of savings are in massively manipulated funds. People are WAKING UP to the fact that August 2nd is only next Tuesday. The Number One cause of accelerated DEBT is our own BANKS who use it, lose it, spend heavily in Litigation and then send us the bill (which adds to our DEBT). They lent any liquid capital back to the Fed so the Fed could lend it back to them. They bought the Notes on that DEBT to generate income so they could repeat the process. WHAT does that process lack? FRESH CASH, which ends next Tuesday.
It's exactly like a credit card abuser when the lines are tapped and the bills come due when there hasn't been any real income for months. It all goes down at once. PEOPLE know this now. SMART PEOPLE are liquidating FUND POSITIONS this week to retract their investments into CASH so they have some to LIVE ON after the whole FINANCIAL SECTOR SCAM crashes.

Only FOOLS point to the government as the culprit in this. The FINANCIAL SECTOR has created this MASSIVE MANIPULATION that has to fail. That said, PEOPLE pushed to the BRINK-- start to THINK and suddenly wake up. I see some significant swings this week. Only the first few will have the dynamic capacity for recovery. You aren't dealing with your fellow traders here, crooks... you're dealing with unanimous anonymous public sentiment.

[maui1]

The Number One cause of accelerated DEBT is our own BANKS who use it, lose it, spend heavily in Litigation and then send us the bill (which adds to our DEBT). They lent any liquid capital back to the Fed so the Fed could lend it back to them.


Only FOOLS point to the government as the culprit in this.


i am not sure anyone will follow the logic of your post.......the gov't is not the culprit, but the gov't is the one that took money from the taxpayer to give to the banks..........really...it is not the gov't?

[smackdown]

"the gov't is not the culprit, but the gov't is the one that took money from the taxpayer to give to the banks..........really...it is not the gov't?"

Indeed. Hank Paulsen- former CEO of Goldman Sachs insisted on giving BANKS $700 BILLION without a working plan for deployment and no mechanism for managing it. He told Congress: "if you don't give them the money, they will fail and collapse us." He was- the Secretary of the Treasury at that time under DUBYA. Deploying CASH to prevent COLLAPSE is indeed a government function. Doing it correctly retracts back to the Treasury and the man who insisted on it. When Hank Paulsen later sold some $500 MILLION in Goldman Sachs shares, he was admitting to the CRIMINAL ACT of steering the nation into a scam that he would personally gain from. From that same SCAM came TRILLIONS in other losses. From 1999's Gramm Leach Bliley Act to the present... all the Ivy League Hank Paulsens out there subscribed to similar if not identical SCAMS for windfall recipient gains.
You are looking at the "government" as the murderer because it is blood-stained but you are blind to the fact that it was only given band-aids to make repairs with. In 1980... most corporations still had their original Founder at the helm. By 2000, none of them did. 100% of all executives and directors on the corporate Boards were brought in but never paid-in in exchange for the power role they would usurp. You put THAT MUCH power in the hands of that weak of character and ethic, especially if it had a Silver Spoon and Ivy League education and you get-- THE CROOK.

[maui1]

Hank Paulsen was the gov't when he did what he did. everyone in gov't comes from somewhere. he wasn't 'cloned' into gov't.

our gov't had agencies that were tasked with supervising the investment groups, banks, rating agencies, and the housing industry, and all did absolutely nothing to curb the greed that was obvious to even the most novice investor/tax payer/home owner. our gov't stood by and by doing so, TOLD the world that the american housing market was solid, and a good investment.

our gov't is and was the reason we got to where we are today.
when gov't does everything for it's citizens, and creates regulations for everything in our economy, people and companies, stop regulating for themselves and totally depend on these agencies for their information about what is real and what is not real.

[lifewasgood]

The Fed has made it perfectly clear that the recovery will come from the Markets. The bailouts and QE were part of the Market recovery plan and now we find out 16 Trillion was secretly lent out as well. I don't see the stock market crashing with the Fed as the financier.

It is becoming clear to me, when it collapses it will be because of our intervention through lawmakers or riots to end the Federal Reserve system. It may take awhile as I know so many that peek out and see reality and immediately stick there head back in the sand not wanting to see anymore, as if it will just go away.

[maui1]

the market is bleeding.

it is bleeding because we spend to much. it is bleeding because we have a fiat currency, backed only by 'confidence', of which there is none. it is bleeding because all world countries are capitalized like america is. it is bleeding because we have no idea what our gov't will do to us next. it is bleeding because it has become a one sided, stacked, game, that siphons cash out of the public and gives it to the gov't and people that support the gov't.

the stock market is bleeding because it is BROKEN.

[decoy409]

maui1, careful! Somebody may just say to you,'even a broken clock is right once in a while.'

No foul maui1,just saying as it has been said to me.

[decoy409]

maui1, well at least there turned out to be a PLUNGE! Although in the market the old intel report just got screwed up. Nothing like a bad joke.

[maui1]

people are betting on a 200 point rise in the dow, hoping for the debt ceiling deal, that still has to pass the senate and the house.

why would anyone make a bet that is 4 to 1 bet against yourself? if the 'deal' does not pass the house, which i think it won't, the dow will drop 800.

either way, why take this bet?

[lifewasgood]

HA HA,

Investing? It is all gambling if you are buying stocks as the markets were turned into casinos a long long time ago. Now when I bought gold in silver in the late 90's with the vision of holding 10 years to triple my money, That was Investing! And the metal machine just keeps on giving and will until the dollar machine is broken.

[maui1]

xyz- i was not talking about a long term player such as yourself...........i was talking about the pre-market of up 150/180, and the fact that they might get 200 if it passes, but might get a 800 drop if it doesn't.

and i don't think this 'deal' passes the house.

[lifewasgood]

No wxyz, you don't seem to understand my position. The stock market is directly and indirectly funded by my tax dollars via all kinds of instruments. I don't want you or anyone else thriving on a debt that my children and grand children have to pay for just so you can say profit. B#llSh*t, besides, the meager gains you claim as profit are and will continue to be devoured by inflation.

Don't think I'm right? Just listen to what happen yesterday, that show was to send a signal to the markets in Asia and the futures that all is well in LaLa land. Just look at what the Fed has said about keeping the markets happy.

I do not like the markets simply put, they are rigged with my money. Prove me wrong!

[maui1]

life-

i agree with your point of view, as the market has gone the way of the dollar, our economy, our individualism, and our gov't.

all started with a good foundation, but all have morphed into something all together different than was their purpose, in the 1st place.

when i talk stock markets, i think 'one sided' but also 'betting'

when i talk metals, i think 'defense' against what my gov't is doing to my individual wealth building.

[maui1]

xyz- you sure are defensive today. i was not talking about you, but you sure took it as so. i know life- was talking directly about the markets, but you took that as an attack on your way of life as well.

why so touchy this morning?

[maui1]

i got the gist of the talking points, and knew who and what you were speaking too, and it did seem that you were a little sensitive this moring............but glad to hear you are have a good morning and hope you have a good day, as well.....

keep an eye on the house vote today.......should be a doossie

[maui1]

stock prices are sitting on pretty shaky ground. most that i have been talking to, feel if it continues much more, there could be a rush for the exit door.

qe-3 might just be that trigger

[decoy409]

maui1, a PLUNGE indeed.

maui1, 3 years back or so over at MSN MT I said that everybody should simply BOYCOTT the market and step aside.
I made that call as you would have nothing left but the wolfs feeding amongst one another. Exposure to these wolfs would have shown loud and clear as to who is who. Then 'clean out and up' could have very well occured.
Instead we got just more of the same in which here we are! But then again the place stunk to high hell durring the S&L crisis that was merely covered over as to the exact same position we never left. And sooner or later exposure would come about once again.
Good luck to the paper pushing salesman and holding clients as the melt intensifies.

[lifewasgood]

PPT is working over time with my money again. Nonetheless the downward pressure continues. Will this be the big one? Not likely, and I know VL thinks that another round of QE will start a revolution, but only if it is upfront QE. Covert QE will push more money in the market without revealing to the public. I'm afraid we haven't seen anything yet, the Dow will go to a new high before the big collapse. Hyperinflation anyone!

[lifewasgood]

Wonder how long the PPT can hold the markets from crashing? Ben will have QE3 pumping going on next week and that should help recover some of the stocks. It will also add fuel to the commodities markets which will launch gold over 2000, probably before Xmas. Any one for more inflation?

[decoy409]

Life, dident you hear,there is no inflation.

[maui1]

Stocks plunge on rising fears of global slowdown


i wonder where i heard that before.........oh......right........this thread was titled that!

unlike its sister thread, this thread is based on what is real, and not what some want it to be.

[maui1]

printing money has one outcome.........and that is not something that anyone is looking forward to, not even the gold bugs...........even though the gold bugs will be a little better prepared, no one will win in this game other than those that controlled the game and took us to where we are headed.

[decoy409]

But paper pushers are still calling for a 20,000 mkt by years end maui1. Come on and get on the paper wagon! Great time to get in,why coming to Great Recession mkt buy in prices,don't ya think?

[maui1]

another day of living on the edge..........

can't you feel the stock market tension? one bad issue in the world, takes the market down with it.
everyone is worried, and with one eye on the news and one finger on their mouse to trigger a sell order.

[maui1]

11,185.92
-197.76 (-1.74%)
Real-time: 12:06PM EDT
INDEXDJX real-time data - Disclaimer Range 11,139.00 - 11,555.41 52 week 9,936.62 - 12,876.00 Open 11,383.98 Vol. 165.94M

here we go again!

[maui1]

the stock market plunges-"I" Told You So i made this call on 6-22-11 when the market was at 12200.

11,131.16
-313.45 (-2.74%) Real-time: 10:48AM EDT
INDEXDJX real-time data - Disclaimer Range 11,059.49 - 11,434.09 52 week 9,936.62 - 12,876.00 Open

is a 1000 plus drop confirm my call or does 'plunge' mean it has to drop even more?

[maui1]

xyz- you seem to take each of my posts as being directed at you specifically. i know your thought process, and know these drops don't mean anything to you, just as the drops in gold and silver mean very little to me.

we both know that inflation, thru our fiat currency will make what ever is bought with that fiat crap, will go up in value because that crap has less value with each day going forward.

correct?

[usaone]

Great buying opportunity for stocks.

[smackdown]

"Great buying opportunity for stocks."

Great way to throw good money after bad.