WTF is happening on the stock market???
- Thread starter water
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For the mess they put themselves in, the unrest woulda been pacified with nothing short of a half a percentage point cut. The more it gets worse, the greater a fix it will take to settle things down. I haven't seen them this skittish since 9/11.
This is pure bullshit going on.........
I hope people see what is happening to their 401K etc.....
This is pure bullshit going on.........
I hope people see what is happening to their 401K etc.....
People will see it and not understand what they're looking at or they'll listen to people saying that greed is good and the market will always correct itself.
Short term: the stock market is an irrational creature. Long term: the market typically finds it way to pricing a security near its intrinsic value.
The problem now is that interest rate cuts or hikes won't do shit to solve the long term problems with the U.S. economy. I've made lots of posts about it.
This current FED chairman is so wildly unqualified for this job that I fear that he will really perpetuate the problems with horrible economic policy. This is the same guy that said "the value of the U.S. dollar (loss) has no effect on U.S. citizens unless they travel abroad and consume".
Yes seriously..a fucking Federal Reserve System Chairman said that shit..
The problem now is that interest rate cuts or hikes won't do shit to solve the long term problems with the U.S. economy. I've made lots of posts about it.
This current FED chairman is so wildly unqualified for this job that I fear that he will really perpetuate the problems with horrible economic policy. This is the same guy that said "the value of the U.S. dollar (loss) has no effect on U.S. citizens unless they travel abroad and consume".
Yes seriously..a fucking Federal Reserve System Chairman said that shit..
Weapons of Mass deception still operating at full capacity
I just shook my head in disgust when I read that comment.
To get to that position and make a comment like that says ONLY one of two things
a. you got the position solely because of being connected to the person who could give you the job
b. Or you realize that what you are saying is absolute bullshit but you count on people being too stupid or too lazy enough to discredit you
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A combination of a and b are appropriate in describing this circumstance.
At this point I can only see things getting worse.
depending on where you got your money yes it's at risk. Well your gonna take a hit no matter where it is, but IMHO if you haven't thought about switching where you putting your money time is now of essence. I think 1st quarter 2008 is the absolute latest anyone can wait.
Now to you question. Kinda difficult to explain it without using technical terms, but I'll try.
I'll start by saying the previous fed Chairman fucked shit up so bad that no matter what the current one does we are fucked. If he cuts rates too much the dollar is fucked and inflation takes off. If he protects the dollar the markets will collapse ( as seen today) which will hasten a recession or make it deeper. it's really, complicated........ hell I'm having trouble keeping up with all the plot twist and bullshit thats going on.
Just keep asking questions and someone will try to answer them. Then you will start to get an idea of the underlying causes.
Just keep asking questions
me too!
The answer is b.
Greenspan spent his fed career saying many things that all amounted to nothing.
My limited understanding of today's events. A half point cut was expected for weeks, if not months...hell I was SURE of a half point cut. The market/ brokers HATE when there are surprises..today's cut was only a quarter...all hell breaks loose
the only hope is that maybe bernanke will try to slow the recession and ultimate market adjustment and crash
good fuckin luck with that
Todays results are a clear indicator that a bandage won't fix what's wrong with this country. People losing their jobs to foreigners overseas, mortage companies foreclosing on homes at record levels, a president who's a liar, vice president who can't be trusted as far as you can throw the White House and a dollar that continues to grow weaker every week against the Euro. Lowering interest rates .25% wasn't shit.
He'll go down as one of the best if he can pull that off.
Just came from looking at the commodities market. The quick look i did the commodities market is up on average 20% this year. Most of the gains have occurred in the last 3 month's. a red flag went up when i saw that industrial metals seem to take a big hit today. Maybe a sign that investors think industrial output will decrease lessening demand for raw materials.
Buffet "Investors should remember that excitement and expenses are their enemies. And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy when others are fearful."
Now is the time to be Greedy.
I'm eagerly waiting for January's first week of profit taking. It's usually a bloodbath. I'm hoping for at least -600 on the Dow Jones for the first week of the new year.
Always a good time to buy into positions for the long run.
Now is the time to be Greedy.
I'm eagerly waiting for January's first week of profit taking. It's usually a bloodbath. I'm hoping for at least -600 on the Dow Jones for the first week of the new year.
Always a good time to buy into positions for the long run.
This is one of my favorite Buffet quotes. I think this was from "The Warren Buffet Way"
wild to say it but dude is right. with price adustment to good imported from overseas, it's not gonna affect us short term. long term? well....let's just look at the value of the jamaican dollar, then you'll get a hint
wild to say it but dude is right. with price adustment to good imported from overseas, it's not gonna affect us short term. long term? well....let's just look at the value of the jamaican dollar, then you'll get a hint
He's not. And anyone who makes such as statement is either wildly manipulative or wildly ignorant of macro-economics. Seriously... I don't even know where to start as that statement is so fallacious. The thought that the loss of value of the U.S. dollars will not have an effect on U.S. citizens who don't buy overseas is about the dumbest shit an economist can say. But to say such a thing in direct response to our CURRENT underlying economic indicators is just plain fucking insulting to anyone who understands what is really going on here. Read the link that I posted... the U.S. population is being fleeced and there is no method of recording the type of inflation that is going on here...an underlying type of inflation that has been happening every since the creation of the federal reserve system. He wants citizens to think that there is nothing wrong with the systemic devaluing of their money and the continuous wreckless running of the printing press that hides that fact that our deficit spending and out of control national debt is going to come back and bite us in the ass an an awful way.
I remember back in 2002 the Fed admitted that we were in a recession in 2001 after continuously denying it in 2001..........
Great.
We might already be in a recession and no one is saying anything.
so I take it that you TRUST the government *the same government that can't fix New Orleans close to 3 years later after katrina* to fix the stock market?
The best thing the Government can do is to allow the private sector oil companies to build new refineries, and search for new oil thats in our hemisphere. However, the global warming freaks will not have any of that. We must suffer so we can hate Bush, and buy into the global warming bs. Thus, the stock market will have to fix itself after we get through a recession...
It is not about oil bro, that is but one variable in the equation.
It is about the decline of the US dollar and its replacement as the world's trading currency...............
I am going to have to disagree with you on this.
There has been an ECON class or two I have had the pleasure to take and this seems like a valid statement.
MACRO and MICRO economic factors may come into play in a certain way in theory. But, in practice, the prices of goods and services haven't changed much in the US.
LCD TVs are cheaper and better quality.
Computers are cheap and readily available.
Food costs are still low.
Clothing costs are still affordable.
The only real jump in costs are fuel related.
So, to Miss Jones living in Memphis, what does she care about a cheaper dollar?
Over time (combined with other mitigating factors), it MIGHT result in real higher costs, but not very much in the short term.
Want to take a look at this???
Time-relative value
The following table shows the equivalent amount of goods, in a particular year, that could be purchased with $1.[13]
Buying power compared to 1980 USD Year Equivalent buying power Year Equivalent buying power Year Equivalent buying power 1774 $11.11 1860 $10.00 1950 $3.45 1780 $6.25 1870 $6.67 1960 $2.78 1790 $9.09 1880 $8.33 1970 $2.13 1800 $8.33 1890 $9.09 1980 $1.00 1810 $7.14 1900 $10.00 1990 $0.63 1820 $7.14 1910 $9.09 2000 $0.48 1830 $9.09 1920 $4.17 2006 $0.41 1840 $10.00 1930 $5.00
1850 $11.11 1940 $5.88
1850 $11.11 1940 $5.88
The value of $1 over time, in 1776 dollars.
http://en.wikipedia.org/wiki/United_States_dollar
I'm not disagreeing with the evidence, just it's interpretation.
I don't think the Federal Reserve Chairman's comments were outrageous nor unreasonable (given they were for public consumption).
If he said tariffs on imports are good for the average consumer, or private banks don't control the money supply, that'd be different.
The only real complaints over prices I've seen or heard have been heating costs, gasoline, and travel.
Maybe, reasonable people can disagree.
I'm not disagreeing with the evidence, just it's interpretation.
I don't think the Federal Reserve Chairman's comments were outrageous nor unreasonable (given they were for public consumption).
If he said tariffs on imports are good for the average consumer, or private banks don't control the money supply, that'd be different.
The only real complaints over prices I've seen or heard have been heating costs, gasoline, and travel.
Maybe, reasonable people can disagree.
So i'm unreasonable????
Anyway, for people with no savings or investments, there is no change...... life will be just as hard anyway.
However for people that have savings, 401K,IRAs, mutual funds, stocks etc.... there is a real concern.
Say you had 100K in an investment account right now.
Do you know that by the year 2012 you would probably only have 80K of the equivalent purchasing power?
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