|
Post by traelin0 on Dec 21, 2010 14:14:38 GMT -5
AEKara Message #211 - 09/22/09 07:30 AM
Back in March I was watching an interview with Jim Rogers and he said "I have covered all my shorts and going long because the way the FED is printing money. I would not be surprised if we retest the highs in this market because of it". One of the greatest market calls I can remember and something that made me also go long.
Bottom line what he basically said is if the FED is flooding the market with dollars, these have to be invested somewhere, with the market being the logical place. In the mean time unemployment has reached double digits (btw this is what the government will admit to. it has been high double digits now for a long time). If you think this market will not crash hard keep being long.
You know the libs have this scenario where they say well if global warming does come and we are not prepared then we will be wiped out. doesn't it make more sense to spend money now to prepare for it? My argument with this type of logic is no matter how you prepare the earth has been much warmer plus much colder than today and it will go thru its cycle again. Nothing really to do with what we do or don't do.
However if you believe printing money out of thin air, having a 70% consumer economy, having debts and debt obligations in excess of 140 trillion and very soon to be higher will not hurt us in some massive way, who is really not preparing for the future?
|
|
|
Post by traelin0 on Dec 21, 2010 14:16:00 GMT -5
Reformed DayTrader Message #212 - 09/22/09 07:40 AM
What other choice did Bernanke have??? Would you have preferred that he let the banking industry collapse which in turn would have caused an Economic Collapse last Fall?? He did NOT have many options other than to throw tons of money at the banking meltdown which could have sent the economy downward to such depths that we never witnessed before.
BTW most of the larger banks have been repaying their debt obligations to the US Treasury with interest. I think a bigger concern than the massive debt is the creeping socialism that the Obama Administration is trying to implement with socialized medicine, socialized industry, socialized education and socialized government in Washington DC and in the state capitals. Obama is trying to get his candidate elected in New York and other large states who will support his socialistic ideas for governing our country.
|
|
|
Post by traelin0 on Dec 21, 2010 14:17:21 GMT -5
fiscan Message #213 - 09/22/09 07:45 AM
You can pay me now or pay me......... ahhhg, lets get it over with, scroll down;
Guns and plenty of ammo!!!
|
|
|
Post by traelin0 on Dec 21, 2010 14:19:09 GMT -5
Reformed DayTrader Message #214 - 09/22/09 07:54 AM For what an armed militia who will take to the streets in open revolution and who will overthrow Obamanation and the liberals who are trying to change our government to Neosocialism?? Is this the change that Obama and his supporters promised us last fall??
|
|
|
Post by traelin0 on Dec 21, 2010 14:21:07 GMT -5
AEKara Message #215 - 09/22/09 08:20 AM
You assume he didn't have other choices. You assume what was presented to us and Congress was the truth. You assume we got the full story. Bottom line Ron Paul has asked from the FED to open their books and indicate where all those trillions went. In his book End the Fed he says and i quote..."So when Bernanke quickly refuses to give us information about the trillions of dollars of credit that he recently passed out in the bailout process because that would be "counterproductive," he is really saying, "It's none of your business." now think about that. The FED is not federal, has no reserves and its not really a bank in the normal sense of the word. So basically these so called "bankers" are refusing to disclose where the money went...OUR MONEY. but you are ok with that apparently with thought of but but but but they said if they didn't do it the economy would collapse.
OMG. Really? And who gave them the money to be able to pay us back with interest? Ever heard of AIG? You notice how much we have given that company? And why have we done so? Oh because Goldman Sacks and the rest of the cartel had insured these bad decisions with this company. so yea they are paying us back with our OWN MONEY. The money we keep giving to AIG. Honestly people open your eyes. We've been had.
and btw the same people that made it possible to loan out trillions to people with little or no money down and little to no income are still governing us. Barney Frank and company are alive and well....LMAO. its just so sad people don't get the simple scams.
|
|
|
Post by traelin0 on Dec 21, 2010 14:23:00 GMT -5
Reformed DayTrader Message #216 - 09/22/09 09:03 AM
Again what other choices did Dr. Bernanke have?? Can you answer this question and skip the Federal Reserve bashing which has been Ron Paul's mantra forever.
Pls list what you think the Treasury should have done to prevent the banking industry collapse last fall...we are well aware that Ron Paul is NOT a fan of Greenspan and Bernanke which is yesterday's news that was posted here ad nausea by our Libertarian members ....
BTW for those who watched David Letterman's show last night they would have heard Letterman ask Obama about the future of our economy, and how will President Obama prevent another economic collapse. Obama said and I am paraphrasing that he is going to outline a strategy on innovation funding which means he wants to spend @$100 billion of more economic stimulus to promote progress in such areas as clean energy, health care, and basic research. If you are interested you can read the transcripts from Obama's interview last night on the Late Show with David Letterman. Obama wants to spend @3% of the US GDP into research and development...good idea??? Or more government wasteful/socialized spending causing higher taxes???
|
|
|
Post by traelin0 on Dec 21, 2010 14:24:59 GMT -5
Do your cheeks hang low do they dangle to and fro Message #217 - 09/22/09 10:17 AM
I wonder if you guys are the same ones who were posting this junk back in the 90s during the Clinton Administration? Werent we supposed to be taken over by Bill?Wasnt he going to refuse to let go of the office?Didnt we have black helicopters training to take over American cities? You know I would have believed this when Bush was in office. Sad bunch the Republican party,when all alse fails and you are losing,just Lie,Lie,Lie.
|
|
|
Post by traelin0 on Dec 21, 2010 14:26:14 GMT -5
fiscan Message #218 - 09/22/09 10:27 AM
Ha ha - whatever floats your boat. The bottom line is that you will be better off with than without.
|
|
|
Post by traelin0 on Dec 21, 2010 14:27:14 GMT -5
Reformed DayTrader Message #219 - 09/22/09 10:39 AM The Naked Gun CBS Radio had an amusing news story this AM about a 91 year old man from Lake Worth Florida who jumped out of bed naked and held an intruder at gunpoint until deputies arrived. Deputies said Robert Thompson grabbed his loaded revolver early Saturday after the would be burglar climbed his backyard fence. I know you are all wondering if Robert Thompson is our esteemed MSN Moderator Old Safeharbor?? Or one of his buds?? And did he yell "Stick em Up" to the buglar who was probably shocked to see a 91 year naked man with a gun pointed at him to say the least? Not a very pleasant sight I would guess??
|
|
|
Post by traelin0 on Dec 21, 2010 14:29:14 GMT -5
fiscan Message #220 - 09/22/09 10:50 AM
What do you mean by that?
Hey, you know who I miss a lot and have been wondering where he went? Sir Robert Hanssen. He last posted way back on page 2 of this thread. I still think about his (Einstien's) theory of spinning energy.
|
|
|
Post by traelin0 on Dec 21, 2010 14:30:28 GMT -5
Stay Put Message #221 - 09/22/09 03:45 PM
This was the original post that I made back in July. It seems that with each passing day, these words are proving harder and harder to just arbitrarily dismiss as simple "doom and gloom".
|
|
|
Post by traelin0 on Dec 21, 2010 14:32:34 GMT -5
Stay Put Message #222 - 09/22/09 03:54 PM
RDT, I guess that you will have to call Bernanke and all of those in Washington "fear mongers", because it was uncle Ben himself, who stated that unless the markets get another HUGE cash infusion, the ultimate crash would be more severe than anyone could possibly imagine. Oh, I see. You probably stopped listening when uncle Ben first stated that we are coming out of the Recession, and then in his next news conference, started spelling out his doom and gloom.
|
|
|
Post by traelin0 on Dec 21, 2010 14:33:29 GMT -5
Reformed DayTrader Message #223 - 09/22/09 03:57 PM
Do you have a credible source or any backup for your comment, and/or opinion..?? Or are you just speculating again ??
Not really I would arbitrarily dismiss it all as simple "Doom and Gloom" because you have no credible sources to backup any of your nonsense...so when you can't backup your outrageous claims about an economic collapse then do the next best thing; demean and degrade anyone who has the audacity to think it is all a lot of BS...
GO FOR IT AND GOOD LUCK......Thumbs Down
|
|
|
Post by traelin0 on Dec 21, 2010 14:36:51 GMT -5
Reformed DayTrader Message #224 - 09/22/09 04:17 PM
Here's an inciteful critique of this OP by neohguy (msg #58) also last July who is right on and familar with Stayput's Doom and Gloom scenarios that he posts on all of these MSN Message Boards( Spam??)
|
|
|
Post by traelin0 on Dec 21, 2010 14:37:26 GMT -5
fiscan Message #225 - 09/22/09 11:45 PM
Ha ha - thats a good doom and gloom shut down post for sure. But on the other hand, you know there are some demons you must face. 11 tril and climbing every split second. It will not go away quietly. You know what you need to do.
|
|
|
Post by traelin0 on Dec 21, 2010 14:39:29 GMT -5
Reformed DayTrader Message #226 - 09/23/09 08:22 AMIn another indication the tech sector and overall economy are emerging from the worldwide recession, Santa Clara semiconductor giant Intel on Friday raised its third-quarter sales forecast, citing "stronger-than-expected demand" for its chips. The company, which is widely regarded as a barometer for the tech industry as a whole, said it expects sales for the third quarter to be $8.8 billion to $9.2 billion. On July 14, when Intel reported its second-quarter earnings, it predicted third-quarter sales of $8.1 billion to $8.9 billion. Analysts surveyed before Friday by Thomson Reuters were expecting $8.55 billion in revenue. Intel, the world's biggest chip maker and the dominant supplier of the brainy microprocessors used in personal computers, also said it expects the quarter's gross profit margin to be in the upper half of the range it previously forecast. It cautioned, though, that unanticipated business conditions may alter its prospects. The news sent Intel's shares up 78 cents, or 4 percent, to $20.25 at the close of trading. FBR Capital Markets analyst Craig Berger said in a note to his clients that Intel's revised forecast reinforces what he and other analysts have been noting for months: Demand for chips used in PCs and other products is perking up. However, Berger voiced a concern expressed by other Wall Street observers that Intel could face problems, in part because of its low-priced Atom microprocessor. Intel has had success getting Atom into most of the "netbooks" on the market and hopes to expand the chip's use in many other products, including smart-phones. However, Berger and some other analysts worry that sales of Atom may eat into sales of Intel's more powerful and more expensive microprocessors, which could hurt the company's bottom line. In addition, Berger noted that Intel faces stiff competition getting its chips into smart-phones, noting "we do not think Intel has any particular advantages here." But Edwin Mok, an analyst with Needham & Co., wrote his clients that Intel's prospects look rosy well into 2010 because of increasing demand for its chips in notebooks and servers. Mok said Intel's bottom line is benefiting from a change in marketing. In the past, Intel had aggressively cut prices to compete with Advanced Micro Devices. "This year, however, Intel has taken a different strategy and limited price cuts," he said. www.siliconvalley.com/intel/ci_13222861?nclick_check=1
|
|
|
Post by traelin0 on Dec 21, 2010 14:40:59 GMT -5
Stay Put Message #227 - 09/23/09 05:11 PM
Wow! I take a break from the boards and the insipid come out in droves. Hey genius. Bernanke's call for another HUGE cash infusion to avoid the markets total collapse is on the record. In case you are interested in FACTS, try going to FOX News and pulling up the "clip". This isn't FOX making an unsubstantiated claim, but rather the actual words coming out of Bernanke's mouth in a news conference last week.
RDT you just had your feelings hurt because you were told that you don't tell me or anyone on this board what we can or cannot post. All of your posts since only prove just how mature and seriously anyone should take you. You think that you should be able to push your DNC propaganda, non stop, but if anyone disagrees with your narrow minded views of the world, you dismiss it as SPAM.
You do prove one thing, though. Exactly what all in the DNC repeatedly proves about their views on Freedom of Speech.
|
|
|
Post by traelin0 on Dec 21, 2010 14:44:35 GMT -5
Reformed DayTrader Message #228 - 09/23/09 06:10 PM
StayPut you never did answer these comments which is NOT DNC Propaganda by Neoguy or other posters on this thread who don't buy any of your nonsense and again I repeat:
Taking cheap shots at your critics (Msg#222& #227) on this thread doesn't quite answer this question and it didn't go over on the MT Message Board either as you recall, so you moved here to continue with your rants and ravings... was it because you were accused of spamming there as well???
Where is your credible source to prove your Doom and Gloom scenarios??? ..And spare us all of your negative comments aimed at Bernanke or the DNC which is just avoidance of your ridiculous claims as Neoguy and others pointed out to you before on this thread...
Go back and review again this thread and you will find several detractors who don't buy into your nonsense....and I share their views totally...
|
|
|
Post by traelin0 on Dec 21, 2010 14:45:12 GMT -5
Stay Put Message #229 - 09/23/09 06:17 PM
I didn't go through the entire list of insipid questions, because.....well, that's what they are. Let me guess. You honestly think that any of your DNC, hyperbolic propaganda is either germaine or taken seriously by anyone outside of the far left wing fringe of this country. You two are so transparent, you make glass jealous. ;D
|
|
|
Post by traelin0 on Dec 21, 2010 14:46:26 GMT -5
Reformed DayTrader Message #230 - 09/23/09 06:37 PM
Pretty lame,and pathetic excuse instead of answering your many critics on this thread....just dismiss them all as insipid questons or DNC Propaganda ...whatever that is??? You missed one of your many critics and detractors on the MT Message Board who said to you " StayPut When you have dug yourself into a deep hole, quit digging"...and here is what DD said a few days ago which is germaine to this conversation:
And I repeat where is the answer to these questions by your many detractors on this thread???
|
|
|
Post by traelin0 on Dec 21, 2010 14:53:30 GMT -5
AKA sanityjones Message #231 - 09/23/09 07:07 PM
If I may interject here, neither side has any rock solid evidence one way or the other. Each person takes in the information he/she sees in the world and bases their actions accordingly. Some choose to continue to invest in the markets, some choose to invest in other markets outside the U.S., and some may choose to bunker down and wait things out. No one is privy to what the future holds and everyone is entitled to their beliefs and opinions on exactly what that future may bring, and how they will relate to it. I have investments, guns and ammo, (plenty of), cash, and plenty of Spam. I call this economic diversification, and it places me in a well rounded position to take whatever comes my way. I believe this is the common sense approach regardless of which scenario unfolds.
|
|
|
Post by traelin0 on Dec 21, 2010 14:53:52 GMT -5
Reformed DayTrader Message #232 - 09/23/09 07:23 PM
I think the strength of our recovery depends mostly on consumer spending which accounts for such a large percentage (@75%) of our economy. All of the Doom and Gloomers like to dismiss consumers as the key to our economic recovery, and just resort to badmouthing Bernanke, and the DNC which is just a waste of space on this message board.
|
|
|
Post by traelin0 on Dec 21, 2010 14:54:13 GMT -5
AKA sanityjones Message #233 - 09/23/09 07:31 PM
I would tend to think that the doom and gloomers are spending far more in the economy as a whole than those who spend their money on Wall Street. Generators, food, petroleum products, everything a person may feel they need for the next 5 years costs a lot of money. This money is a direct contribution to the local economies of cities and states across the union. Just my opinion.
Edited 12/21/10 to add............GO TRAELIN, you da man! 140 pages to go..........YOU ROCK. Everyone needs a support system. LOL
|
|
|
Post by traelin0 on Dec 21, 2010 14:54:52 GMT -5
Reformed DayTrader Message #234 - 09/23/09 07:36 PM
In California we haven't seen much of an uptick yet for consumer spending but rather they are paying off their debts and very anxious about the unemployment in the Golden State which is hovering @12.2 % overall in the state with much higher numbers in some cities especially in the central valley.
|
|
|
Post by traelin0 on Dec 21, 2010 14:57:04 GMT -5
Solar2009 Message #235 - 09/23/09 09:02 PM
So very true. There is no recovery. The government is lying. Bernanke basically says "the economy is good but interest rates must stay low because the economy is bad".
|
|
|
Post by traelin0 on Dec 21, 2010 14:57:29 GMT -5
hum-ok Message #236 - 09/23/09 09:04 PM
Thumbs Up. Just more smoke and mirrors from our wonderful govt.
|
|
|
Post by traelin0 on Dec 21, 2010 14:59:46 GMT -5
Stay Put Message #237 - 09/23/09 09:10 PMYour nonsense is simply just non stop harassment and not any legitimate questions or real argumentation. Ok. Let me see if I have this straight. I have repeatedly listed the documented woes of the country, that anyone can easily verify, from the CBO, Dept. of Labor, etc., and yet none of this means anything to people like you. Take a look at this site. newsfrom1930.blogspot.com/ You and those few like you, remind me of those individuals pointing out the few stocks that were showing gains back then too, to desperately try to convince people that the sky wasn't actually falling back then either. To me and many others, you are either delusional, part of this con job on America, or truly a Forrest Gump. Seeing how you keep asking me the same questions that I have repeatedly answered in the past, I conclude.......................
|
|
|
Post by traelin0 on Dec 21, 2010 15:00:53 GMT -5
Stay Put Message #238 - 09/23/09 09:14 PM
From Wikipedia
Any of this sound familiar to you?
|
|
|
Post by traelin0 on Dec 21, 2010 15:01:27 GMT -5
mdiw Message #239 - 09/23/09 09:30 PM
This sounds to me to be very much where we are at currently. Trade deficits leading to talks on tariffs( tires from China) leading to tariffs from them, completing the demolishment of what trade is left (- not that it has been balanced trade for many years). Unemployment at record levels( and climbing..albeit not as swiftly) Some hyperinflation(oil speculation) and some deflation (housing prices/values). Credit for many people now in the toilet and banks receiving trillions of tax dollars, then declining loans to the very few credit worthy borrowers left. Yep...would seem to fit the criteria of a deppression to me. OOOOPPPSS Forgot all of those bankruptcies (mine included though not yet filed....not enough do re me to pay the attorney).
Remember, the govt would not acknowledge that we were in a recession till it had been ongoing for a full YEAR. JMHO
|
|
|
Post by traelin0 on Dec 21, 2010 15:03:40 GMT -5
traelin0 Message #240 - 09/23/09 09:37 PM
LOL I will be borrowing that one from you, Solar. Very nice.
|
|