the fed chair couldn't say yes to qe-3, nor could he say no, so he said "maybe". this sure sounds like being between a rock and a hard place, and not somewhere you chose to be.
playing golf this weekend, a friend in the 4some, hit his ball into the ruff and made this statement.....
"i am not where i want to be, but this is where i am" and i thought it was the most profound statement i had heard in a long time, and one that can be used in all ways of life, but surly one that describes where our gov't has put us.
Last Edit: Aug 29, 2011 15:09:45 GMT -5 by maui1 - Back to Top
the market is up.........this time it is different! correct?
a slow bleed downward seems to sum up what is happening here.
buy down and you will end up broke, without something happening to change the world financial markets from debt focused issues, to that of a growth potential forecast.
there has been nothing other than world debt increasing proposed solutions, to this debt issue, none of which do anything but add to the debt issue and the uncertainly that will take the market down on the next bit of bad news.......which if you open your eyes, will be what you hear next.
Most of the doom and gloom bloggers, at least those that are employed, are still investing their 401K money, hypocrites, yes hypocrites
there are more than one way to invest in a 401k
some are just happy with the matching funds and a conservative interest bearing return. this approach served me well, when all i heard was belly aching from everyone when their 'invested' 401ks were losing 60% of their net worth, and even now, while still losing value every month in this slow bleed.
and obama, though not doing the markets any favors, did nothing to get us in this 50 year debt direction, and did nothing to create the housing bubble that got us here.
changing the president will do nothing to change our debt direction, only market failure will do that, sorry to say.
Last Edit: Sept 7, 2011 9:46:26 GMT -5 by maui1 - Back to Top
Not at all life. We have confidence in the Capitalist system. You do not. Many of us recognize the fact that markets, ALL markets, are macro headline driven right now. We can, and have, used that fact to our advantage and many of us are making money. The buy and hold investor must be more patient. Dividends are king in stocks right now. Gold has had a great run, and and I have owned the GLD on and off as opposed to physical gold. If you like the metals, then good for you. If you are locked into one investment, at some point that's going to go badly for you. Gold is a panic/hedge play right now, but it too is headline driven and appears to be ranging between $1820 and $1890. I think you can buy into the movements by trading the GLD trust shares on gold dips below $1855 and sell at the $1885 level. The shares run about a 3% range or more and it's fast money in short order. The worst that can happen is that you hold shares in the gold trust that are easily and instantly liquid. There is nothing wrong with playing both sides of the issue.....
Post by lifewasgood on Sept 10, 2011 12:34:58 GMT -5
We have confidence in the Capitalist system. You do not.
I do have confidence in Capitalism. However what we have today is anything but capitalism. Monopolized and protected markets is not Capitalism. Using public funds to prop and bailout is not capitalism. Having said that, My investments are not one sided as I have indicated many times. However, I bailed on stocks in 2003 and I see no reason to jump back in. Maybe one day, but not today.
Chaos and red ink were the order of the day early last week after our government let it be known it was going to sue a number of banks for bad behavior during the real-estate bubble.
While I do agree that many banks misbehaved and paid bonuses on what were certainly phantom or illusory profits, if the government keeps hammering away at them, whatever pound of flesh it extracts will have to be given back as bailouts on the other side, unless it abandons its too-big-to-fail policy.
I'm not saying the issue shouldn't be dealt with, but it would be useful if the government had a coherent plan. Perhaps we should just dismantle the banks, bring back some variation of Glass-Steagall, and put capital ratios in place that make outrageous leverage impossible.
Post by smackdown on Sept 12, 2011 10:42:28 GMT -5
Looks like the crooks tried a coup to stop the slide but couldn't keep it inflated. Back to the printing press to ink us deeper in the mess just so a few can play-- wealthy people.
The President sends a lame job bill to Congress. It doesn't address one single crisis-causing issue, just digs us deeper. In case you're not seeing it, the banks and the politicians are in sync to make us sink forever.
if politicians aren't willing to trash the preset tax system, and restructure it to something basic and simple (fair), with no exemptions, (but for food and medicine), then they are not doing anything but playing with the american public, to present a false picture of them caring for the country.
if we don't fix how we pay our taxes, and the gov't gets it's money, then everything we do from there is meaningless.
this country will have no future, there will be no social services, and there will be no stock market.
we will have a bunch of people looking around the world to start a new beginning, like has happened so many times in the future.
Last Edit: Sept 12, 2011 12:14:09 GMT -5 by maui1 - Back to Top