Dow Drops 317. Time For Crackheads to Ween Themselves from Stimulus

[EconChick]

For the liberal morons on this thread, I dare you to show the definition of "ween." It has nothing to do with one data point, you idiots.

Says the dumb fuck who started a thread saying "I told you so " over a single day in the DJIA.

Funny shit, now that you look like such an ass we don't want to look at a single day. Hah.

You show me in that title where I say single day, dumb ass.





I'll be waitingggggggggg.

Wait, no I won't. Since you can't,

 

[eagle1462010]

There is no way they are going to let it crash during the elections. The Discount window is still open for Margin loans out the ass..........as I've already mentioned in this thread.

Sure- just like 2008....idiot.

Takes one to know one. The rates at the discount window weren't .25% for loans in 2008 IDIOT. They are now, and they have used it to reinflate the bubble machine. Meaning the Freakin Fed decides the crash date if they stop giving out the loans................

It's rigged punk...............

 

[eagle1462010]

The only formula I need to know is that the Discount window pumps out money to save Ass hats that should have failed. But they were too big to fail..........and now the Market itself is currently Too Big to Fail, using FIAT currency to create another Giant Bubble............

Margin lending is steadily reaching new highs.........which by tradition happens before the bottom falls out........unless stimulated by the Fed by loans at Ridiculous low rates..........

So, we are still giving blood to a dead corpse............which has been laying on the ground rotting since 2008.

 

[Mac1958]

.

There is simply no way to know, gang.

Yes, some conditions that triggered the crash remain, particularly "too big to fail". I really, really don't like that. Yes, the American economy is, on some levels, essentially existing on borrowed time, operating on an artificial foundation. Yes, the stock market is doing the same thing in some ways.

However, there is absolutely no way to know how long this will continue. It could be one year, it could be one hundred years. And anyone who predicts anything more than about four hours out is G-U-E-S-S-I-N-G. Or they're basing their prediction on partisan politics. Both sides. And if you're staying in cash or buying gold coins (sheesh) waiting for something, you're making a mistake.

I'd love to see a bull market correction, a REAL one, say 10% to 18%, to shake off the dumb money, wake people up a bit and get back to growth. But there's too much money on the sidelines that is coming in and buying on every dip. That's annoying, but it is what it is.

Invest prudently, think long term with your finances and your career, don't allow your partisan impulses to get in the way of rational thought. And I'm thinking of a few posters specifically when I say that.

Off the soapbox. For now...



.

 

[Sallow]

Basically it seems that superspy, economist Econchick was wrong..

 

[SteadyMercury]

There is simply no way to know, gang.

Exactly, 100% this.

That is what is so funny about EconChick starting a thread saying "I told you so" after a one day big drop in the stock market. She ends up getting owned when it goes right back up higher and is forced to make all this effort to spin spin spin.

I've been predicting a correction of at least 10% all year and haven't been right yet, but always with the caveat who the hell knows, if one could predict it we'd all retire at 30. I'll just maintain my target asset allocation, rebalance regularly, and keep on laughing at faux-experts like EconChick.

 

[JakeStarkey]

Econchick is the new eots here: all blow, no go.

 

[JakeStarkey]

Basically it seems that superspy, economist Econchick was wrong..

She does emote then becomes the goat.

 

[Redfish]

.

There is simply no way to know, gang.

Yes, some conditions that triggered the crash remain, particularly "too big to fail". I really, really don't like that. Yes, the American economy is, on some levels, essentially existing on borrowed time, operating on an artificial foundation. Yes, the stock market is doing the same thing in some ways.

However, there is absolutely no way to know how long this will continue. It could be one year, it could be one hundred years. And anyone who predicts anything more than about four hours out is G-U-E-S-S-I-N-G. Or they're basing their prediction on partisan politics. Both sides. And if you're staying in cash or buying gold coins (sheesh) waiting for something, you're making a mistake.

I'd love to see a bull market correction, a REAL one, say 10% to 18%, to shake off the dumb money, wake people up a bit and get back to growth. But there's too much money on the sidelines that is coming in and buying on every dip. That's annoying, but it is what it is.

Invest prudently, think long term with your finances and your career, don't allow your partisan impulses to get in the way of rational thought. And I'm thinking of a few posters specifically when I say that.

Off the soapbox. For now...



.

Cut the corporate tax rate and the market and the economy will boom like never before. There are trillions waiting to be spent in the USA. Its simple, but the idiots in DC are too stupid to act.

 

[JakeStarkey]

blowfish, the Truman through the Kennedy years contradict your nonsense.

 

[EconChick]

Eagle and Mac, I agree with most of your analysis....which is that we're pumping blood into a dead corpse.

So first of all thanks for confirming what all the intelligent people know....which is this artificial market is no reflection of the real economy.

So the dumbass libs on this thread have been shot down right there. The stock market is not the economy, Steady Eddie.

Now the small part I disagree with you both on is that the balloon that's been filling up with more and more air has become more and more fragile. And it's only a matter of time. Mac, for you to say this could go on for years and years reveals you are not a macroeconomist. It means you don't understand the thousands of variables and global interdependencies that make it obvious to someone like me who does ....that the skin of the balloon is getting thinner and thinner. Which means all it will take is the right event to make it go POP. If you also understand foreign policy like I do, you'd know those events are on the rise. As they are domestically.

I along with many people saw every single bubble bust in the past 20+ years coming...which is why I AM anti-lib. I'm not talking about the exact date, I'm talking about the higher and higher likelihood of when it would go POP. It means I absolutely, positively know that Keynesian policies always catch up with you.

Keynsians/big spenders will always tell you we can bring down their artificial stimulus with a soft landing. Please show me one time we ever came down with a soft landing.

Ain't gonna happen. Never has, never will.

And like I said, I'm not telling you what day. I'm telling you that probabilities are steadily INCREASING, not DECREASING. And external events that will be the catalyst are increasing, not decreasing.

 

[Delta4Embassy]

Well, look at that.

Just like those of us who actually understand the market predicted.

All that artificial driving up of the stock market numbers we kept warning about? Well, we told ya, what goes up, must come down.

And we warned ya that once there were "signs" of an "improving" economy, the crack heads would have to start weening themselves from all that free money pushing up the stock market. Well not free, but with zero interest rates, almost free.

Ooops, in Obama's fucked up Bizzarro World, good economic news is bad news for the stock market.

This is the watershed event. Watch smart investors start to slowly pull out.

Uh ya. 'People who understand the market' predicted what goes up must come down. Considering that sorta defines all stock markets where you're assigning a numerical value onto a stock, it ONLY can go up or down So yippee, you got it right with ONLY a 50% chance of success. Will you be my stock broker? You're so insightful and wise.

 

[EconChick]

There is simply no way to know, gang.

Exactly, 100% this.

That is what is so funny about EconChick starting a thread saying "I told you so" after a one day big drop in the stock market. She ends up getting owned when it goes right back up higher and is forced to make all this effort to spin spin spin.

I've been predicting a correction of at least 10% all year and haven't been right yet, but always with the caveat who the hell knows, if one could predict it we'd all retire at 30. I'll just maintain my target asset allocation, rebalance regularly, and keep on laughing at faux-experts like EconChick.

Yo, idiot, I just got through telling you how plenty people saw bubble pops coming in the recent past. You were just too stupid to know they existed.

You're also too stupid to know the difference between predicting day to day movements of the market - Yawn- and looking at an overall economy over large chunks of time and understanding how economic policies affect them.

You're too stupid to know this post is a MACROECONOMIC COMMENT AND NOT AN ARBITRAGE PREDICTION. Idiot.

You're too stupid to be on this thread in the first place.

Hell, you're too stupid to even know what is meant by WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEN.

And I notice you haven't answered any of my questions.

 

[EconChick]

There is simply no way to know, gang.

Exactly, 100% this.

That is what is so funny about EconChick starting a thread saying "I told you so" after a one day big drop in the stock market. She ends up getting owned when it goes right back up higher and is forced to make all this effort to spin spin spin.

I've been predicting a correction of at least 10% all year and haven't been right yet, but always with the caveat who the hell knows, if one could predict it we'd all retire at 30. I'll just maintain my target asset allocation, rebalance regularly, and keep on laughing at faux-experts like EconChick.

Yo shit for brains, show me where I said GET OUT OF THE MARKET TODAY, RIGHT NOW!

You're too stupid to understand those were the first signals that you better start mentally preparing to back off the 100%equities profiles our genius government has most people forced into.

You're too stupid to know I was commenting on whether O's economic policies are good or not, not playing stock trader.

You are the idiots claiming the rising stock market is a sign of a booming economy and a sign of great policies.

No idiot. What I was telling you is that those of us who hate Keynesian big spending and stimulus know it doesn't work in the long run.

And yes, that is an I TOLD YOU SO.

 

[EconChick]

There is simply no way to know, gang.

Exactly, 100% this.

That is what is so funny about EconChick starting a thread saying "I told you so" after a one day big drop in the stock market. She ends up getting owned when it goes right back up higher and is forced to make all this effort to spin spin spin.

I've been predicting a correction of at least 10% all year and haven't been right yet, but always with the caveat who the hell knows, if one could predict it we'd all retire at 30. I'll just maintain my target asset allocation, rebalance regularly, and keep on laughing at faux-experts like EconChick.

Yeahhhhhh, you're thinking like a day trader and I'm talking about the big picture overall economy, dumb ass.

I can see you're incapable of knowing the difference.

 

[EconChick]

software glitch messed that one up..

 

[EconChick]

Well, look at that.

Just like those of us who actually understand the market predicted.

All that artificial driving up of the stock market numbers we kept warning about? Well, we told ya, what goes up, must come down.

And we warned ya that once there were "signs" of an "improving" economy, the crack heads would have to start weening themselves from all that free money pushing up the stock market. Well not free, but with zero interest rates, almost free.

Ooops, in Obama's fucked up Bizzarro World, good economic news is bad news for the stock market.

This is the watershed event. Watch smart investors start to slowly pull out.

Uh ya. 'People who understand the market' predicted what goes up must come down. Considering that sorta defines all stock markets where you're assigning a numerical value onto a stock, it ONLY can go up or down So yippee, you got it right with ONLY a 50% chance of success. Will you be my stock broker? You're so insightful and wise.

D4E, I'm going to explain this for about the 10th time:

I was commenting on whether O's economic policies are good or not, not playing stock trader.

You're going to have to think 100 times larger picture than you are.

 

[Mac1958]

Mac, for you to say this could go on for years and years reveals you are not a macroeconomist.

Not sure what you mean by "macroeconomist" - that could be a specific position as an economist in a specific industry, or it could just be someone who looks at economics in a macro way from an amateur perspective. What I am is an investment advisor and economic writer who, as part of my occupation, has to maintain a curious, non-political and dispassionate perspective on domestic and world markets of all kinds, as well as the various political environments across the world. So, from my own perspective, I do have to practice macroeconomics at all times.

Yes, there are many who feel as you do, that the skin of the balloon is growing thinner and is about to burst. There are also many who feel that the generally artificial nature of markets can continue almost indefinitely, due to the elasticity that is inherent in its artificiality. So, there are experienced and intelligent people on both ends of the argument. Since I'm under no obligation to issue predictions on such matters, and since I'm not bound by some partisan political ideology, I'm more than happy to admit that I can't predict the future with any clarity.

Nor can anyone else. That much I do know.

.

 

[EconChick]

Oh, and go back and read what I actually said. I'm talking about a weatherman warning of a cat 5 picking up steam in the Gulf and you've locked on to the fact the wx man said it would be over Haiti on Sunday.

If you people can't understand the difference, then you're completely hopeless.

 

[JakeStarkey]

Eagle and Mac, I agree with most of your analysis....which is that we're pumping blood into a dead corpse.

So first of all thanks for confirming what all the intelligent people know....which is this artificial market is no reflection of the real economy.

So the dumbass libs on this thread have been shot down right there. The stock market is not the economy, Steady Eddie.

Now the small part I disagree with you both on is that the balloon that's been filling up with more and more air has become more and more fragile. And it's only a matter of time. Mac, for you to say this could go on for years and years reveals you are not a macroeconomist. It means you don't understand the thousands of variables and global interdependencies that make it obvious to someone like me who does ....that the skin of the balloon is getting thinner and thinner. Which means all it will take is the right event to make it go POP. If you also understand foreign policy like I do, you'd know those events are on the rise. As they are domestically.

I along with many people saw every single bubble bust in the past 20+ years coming...which is why I AM anti-lib. I'm not talking about the exact date, I'm talking about the higher and higher likelihood of when it would go POP. It means I absolutely, positively know that Keynesian policies always catch up with you.

Keynsians/big spenders will always tell you we can bring down their artificial stimulus with a soft landing. Please show me one time we ever came down with a soft landing.

Ain't gonna happen. Never has, never will.

And like I said, I'm not telling you what day. I'm telling you that probabilities are steadily INCREASING, not DECREASING. And external events that will be the catalyst are increasing, not decreasing.

You sound as silly as Terry Bamonte and other Mises clones.