Are you Watching

Discussion in 'Politics' started by WillowTree, Jun 21, 2012.

  1. WillowTree
    Offline

    WillowTree Diamond Member

    Joined:
    Sep 15, 2008
    Messages:
    68,148
    Thanks Received:
    10,166
    Trophy Points:
    2,030
    Ratings:
    +14,720
    The stock maket? It looks like it on it's way to the bottom -250
     
  2. signelect
    Offline

    signelect BANNED

    Joined:
    Dec 10, 2010
    Messages:
    1,863
    Thanks Received:
    216
    Trophy Points:
    0
    Location:
    Houston, TX
    Ratings:
    +216
    I lost 10% of my 401K in May but maybe it is just one of those thing. Sort of like the 2+billion loss at Chase and they said that they should look into it. Do you think?
     
  3. g5000
    Offline

    g5000 Diamond Member

    Joined:
    Nov 26, 2011
    Messages:
    56,105
    Thanks Received:
    9,340
    Trophy Points:
    2,030
    Ratings:
    +24,578
    I watch every day.
     
  4. Darkwind
    Offline

    Darkwind Gold Member

    Joined:
    Jun 18, 2009
    Messages:
    14,150
    Thanks Received:
    2,593
    Trophy Points:
    245
    Ratings:
    +4,265
    I wouldn't worry about it just yet. The DOW is 12.5 even down 250. Back in 2010, I predicted (and based My investment strategy) that the DOW will bump along at the low 12,000 line until summer or winter of 2013.

    Given the situation in Europe, 300 pt swings back and forth are to be expected. Unless you are a day trader, I would just let it ride this out.

    Now, if the DOW drops below 11k or the S&P drops below 1100, I'd seriously consider moving into the traditional securities like silver or gold.

    I don't sweat these swings much given the current state of our economy.
     
  5. typicalusguy
    Offline

    typicalusguy Edited

    Joined:
    Jun 20, 2012
    Messages:
    143
    Thanks Received:
    24
    Trophy Points:
    16
    Location:
    Edited
    Ratings:
    +24
    The stock market isn't based on reality or real commerce.

    It's the best rigged scam ever. And any movement in the market can be justified by anything.

    Example: Tomorrow the market will go up by say, 20 points because of reports that <insert reason here> "Deal expected to be reached on Syria, Egypt". Or "New Greece bank deal in offing buoys hopes for EU" or "Cats begin negotiations with dogs; pet care market sees gains."

    It's all BS.

    None of the rationale matters...just show business.
     
  6. 007
    Offline

    007 Charter Member Supporting Member

    Joined:
    May 8, 2004
    Messages:
    38,539
    Thanks Received:
    7,892
    Trophy Points:
    1,130
    Ratings:
    +12,075
    I wouldn't be investing in the stock market as a means of finances anyway. Hard assets are what you should have... property, possessions, gold, silver, etc.

    Fuck the stock market. Do away with it as far as I'm concerned.
     
  7. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,940
    Thanks Received:
    5,212
    Trophy Points:
    270
    Ratings:
    +7,683
    TypicalUSGuy is right. Even Al Capone knew the Market was rigged.

    I started moving into Gold and Silver last summer.
     
  8. Darkwind
    Offline

    Darkwind Gold Member

    Joined:
    Jun 18, 2009
    Messages:
    14,150
    Thanks Received:
    2,593
    Trophy Points:
    245
    Ratings:
    +4,265
    Like any investment, it is only as good as your own vigilance.

    Property hasn't worked out to well recently, though it is a good and solid investment for long periods of time. However, should the unthinkable happen and society collapses, the property won't be worth squat unless its a working farm.

    Gold and silver is the same way. In order to use it as a bartering item, it will have to be ground into a fine dust or some form of small unit like a link or a ball. A large, gold coin, or a huge brick of gold, won't mean jack unless you are willing to trade the whole thing for whatever goods you want to purchase. Silver is more reasonable.

    The Stock Market, like any kind of investment is no more good or bad than a plot of land.
     
  9. francoHFW
    Offline

    francoHFW Platinum Member

    Joined:
    Sep 5, 2011
    Messages:
    33,472
    Thanks Received:
    2,177
    Trophy Points:
    1,115
    Location:
    NY 26th FINALLY DEM!
    Ratings:
    +5,613
    How bout a jobs bills like in the good old days, Pubs? Enough BS austerity and paralysis...Fix the infrastructure that voodoo has ruined for 30 years- 2 million jobs, add 2% growth, lower UE 1%- But NOOOOOO, have to win power to rip us off again, country be damned. Darn that black guy and his policies! (not seen since 2/2010...liars)...
     
  10. 007
    Offline

    007 Charter Member Supporting Member

    Joined:
    May 8, 2004
    Messages:
    38,539
    Thanks Received:
    7,892
    Trophy Points:
    1,130
    Ratings:
    +12,075
    I disagree. As a wise man once said... "they're not making any more land, buy it while you can." City property, like a condo in a high rise downtown NYC, yeah, that'll be worth as much as tits on a bull if anarchy erupts. But as with my property, I live way out in small town America. I have an acre and a half of land, my own well, my own septic system, a huge garden and critters running every which way that could be a meal. That's worth more than any kind of money when survival turns primal.

    Never dabbled in the stock market and damn glad I haven't. No plans to in the future either. It's one big, crocked racket where your money can simply vanish. No thanks.
     
    Last edited: Jun 21, 2012

Share This Page