Is the stock market going to tank?

[4matic]

You are mental in this thread too. THERE IS NO AUSTERITY! You will NOT get away with blaming this on the Tea Party. Obama owns it.

What exactly has Obama done to cause this? Obamacare is it...

Who wanted to extend the Bush tax cuts last fall cutting revenue?

Who wanted to extend the payroll tax deduction?

Who wanted to cut government spending in a fragile economy when the fed, Bill Gross, and most economists said it was a mistake?

Three conservative changes and now what. Economic collapse world wide.

Not Obama. No way.

GOP and Tea Party say let it burn. Tea Party hillbilly economics.

[AdironRider]

Didnt you post in the buy stocks thread you were a buyer on Friday? Just because you got burned quit looking for the scapegoat.

[mnskier]

How is everyone's "hope" and "change" working out for them?

[grapedrink]

just a reminder that no one knows shit

(05-15-2007 08:18 AM) I'm super bullish on equities and continue to be:

1. Warren Buffet said buy index funds.

2. The Dow Theory has turned super bullish. Richard Russell turns bullish.

"We saw something that is extremely rare [on April 20 and April 25], in fact I can't remember ever having seen this before. What I'm referring to is that on those two dates all three Dow Jones Averages closed at simultaneous historic highs. To me, a fellow steeped in Dow Theory for over half a century, this was like a clap of thunder... My take on the situation is that the stock market (and the Dow Theory) told us that an unprecedented world boom lies ahead." Russell acknowledges that what he has written will surprise many who are accustomed to his long-standing caution about the stock market. He imagines that we will want to respond by saying "But Russell, you're usually so conservative, so restrained. How can you possibly talk this way? Now you're talking about a worldwide boom. Are you smoking something we don't know about?"

Russell's response:

"I stopped smoking over 40 year ago. No, I'm simply relating to you my interpretation of what the market is saying. I believe the markets talk in their own secret language. And when the market does something that has never been done before, that serves as a 'kick in the pants' for me. It's telling me, 'Russell, wake up. Something very unusual is going on. Get up out of your chair -- and pay attention'."

3. Sentiment remains skeptical.

4. M&A activity surging.

5. China loosens investment restrictions in foreign equity.

6. The super bulls like Henry Dent and Don Hays of the Hays Advisory have been calling it right. They expect Dow 20000 by 2010 and I tend to agree at this point. Read the forecast here:

http://www.hsdent.com/download/dow20000.pdf

[4matic]

just a reminder that no one knows shit

Thanks for the reminder. SPX was at 1522 then.

[Benny Profane]

"Hillbilly economics". Excellent. I love it.

[BigDaddy]

^ x2

Down another 100pts... Can it get any worse? I just jumped back in. Heavily. yee-haw!

[Benny Profane]

“Jethro, wearing ridiculous short pants and a beanie, comes home from his exclusive private school in Beverly Hills … Granny asks what has he larned from his fancy schoolin’ … Jethro says, Granny, today I learned that Pi are squared! … Granny scoffs and retorts, Why, everybody knows pie are round! Cornbread are square!”

[OSECS]

“Jethro, wearing ridiculous short pants and a beanie, comes home from his exclusive private school in Beverly Hills … Granny asks what has he larned from his fancy schoolin’ … Jethro says, Granny, today I learned that Pi are squared! … Granny scoffs and retorts, Why, everybody knows pie are round! Cornbread are square!”

Too fuckin funny !

[Moeghoul]

^ x2

Down another 100pts... Can it get any worse? I just jumped back in. Heavily. yee-haw!

Up a HUNDO!!!! Can it get any better?

[Chainsaw_Willie]

the government as a whole is to blame for this mess. democrats, republicans, they're pretty much all full of shit and due to them only wanting to work against one another, they are not acting in the best interests of the american people. pretty much nothing gets done in washington these days, our government needs some restructuring.

This. You guys who blame Obama, GTFO. Or is it your argument that he alone sets economic policy and congress just rubber stamps it? Did the economic bubble burst before or after he got into office? Did the policies and practices that created one of the biggest periods of speculation in history begin before or after Obama got into office? Do you really expect the president, all by himself, to fix all the shit that got broken over the last 20+ years?

The rich and the corporations run this country now. Whatever is happening is designed to benefit them and all you worker bees can just suck it up. Partisan politics plays into their plans perfectly. As long as we are divided against each other over ridiculous dogmas (conservatism, liberalism) the ultra-rich will get richer and to hell with everyone else.

[XXX-er]

This. You guys who blame Obama, GTFO. Or is it your argument that he alone sets economic policy and congress just rubber stamps it? Did the economic bubble burst before or after he got into office? Did the policies and practices that created one of the biggest periods of speculation in history begin before or after Obama got into office? Do you really expect the president, all by himself, to fix all the shit that got broken over the last 20+ years?

The rich and the corporations run this country now. Whatever is happening is designed to benefit them and all you worker bees can just suck it up. Partisan politics plays into their plans perfectly. As long as we are divided against each other over ridiculous dogmas (conservatism, liberalism) the ultra-rich will get richer and to hell with everyone else.

That would be the fortune 500

[retirwntm]

once bitten twice shy: S&P downgrades the US from AAA citing political infighting and a lack of will to solve its immediate term problems. i'll let benny cut and paste the NYT article. next week, S&P to reveal santa claus may not be real!

[Mazderati]

That's gonna leave a mark.

[Moeghoul]

This. You guys who blame Obama, GTFO. Or is it your argument that he alone sets economic policy and congress just rubber stamps it? Did the economic bubble burst before or after he got into office? Did the policies and practices that created one of the biggest periods of speculation in history begin before or after Obama got into office? Do you really expect the president, all by himself, to fix all the shit that got broken over the last 20+ years?

The rich and the corporations run this country now. Whatever is happening is designed to benefit them and all you worker bees can just suck it up. Partisan politics plays into their plans perfectly. As long as we are divided against each other over ridiculous dogmas (conservatism, liberalism) the ultra-rich will get richer and to hell with everyone else.

Only objective into 2012 for the GOP and Congress, party over country.

[splat]

Not to worry, the Repugnantcans are on it:
(here's your cut and paste)

Prayer Rally Draws Thousands in Houston
By MANNY FERNANDEZ

HOUSTON — Thousands of men, women and children listened to Christian-themed singers and music groups at Reliant Stadium here Saturday morning, shortly before a controversial prayer rally sponsored by Gov. Rick Perry was to begin.

[Downbound Train]

What exactly has Obama done to cause this? Obamacare is it...

Who wanted to extend the Bush tax cuts last fall cutting revenue?

Who wanted to extend the payroll tax deduction?

Who wanted to cut government spending in a fragile economy when the fed, Bill Gross, and most economists said it was a mistake?

Three conservative changes and now what. Economic collapse world wide.

Not Obama. No way.

GOP and Tea Party say let it burn. Tea Party hillbilly economics.

http://blog.heritage.org/wp-content/...s-chart-sm.jpg

http://blog.heritage.org/2011/07/28/...s-in-pictures/

[Downbound Train]

Only objective into 2012 for the GOP and Congress, party over country.

He said "Our top POLITICAL priority".

That is way different than what you are implying.

By the way, I'd like it to be that guys last term too.

[4matic]

http://blog.heritage.org/wp-content/...s-chart-sm.jpg

http://blog.heritage.org/2011/07/28/...s-in-pictures/

Acknowledging the deficits as Obama's fault is laughable. Especially when you quote the lack of a revenue solution in my response you quoted.

Tea Party economics has no basis in reality.

[Moeghoul]

He said "Our top POLITICAL priority".

That is way different than what you are implying.

By the way, I'd like it to be that guys last term too.

Uh, no...it is exactly what it implies, but I agree with you that this career milktoast shitbag should go.

[OSECS]

Acknowledging the deficits as Obama's fault is laughable. Especially when you quote the lack of a revenue solution in my response you quoted.

Tea Party economics has no basis in reality.

You can't lay the defecit at his feet, but the lack of progress in employment and the vast amount of money given to financial institutions instead of job creation avenues is the Obama admins. Lap dog.

[snowswine]

You can't lay the defecit at his feet, but the lack of progress in employment and the vast amount of money given to financial institutions instead of job creation avenues is the Obama admins. Lap dog.

Hell I voted for him and would have to agree with this.

Oh yeah, polyasshat fuckers!

[liv2ski]

And They're Off: ES Down 31, DJIA Futures Down 274, Gold Surges To New Record $1692

Submitted by Tyler Durden on 08/07/2011 18:06 -0400

The first prints are in: ES down 31, DJIA down 274, and gold, natural, welcomes our new centrally planned overlords by hitting an all time high of $1692.
http://www.zerohedge.com/news/and-th...ew-record-1692

Cross posted from polyasshat and a cool bonus link for the Padded Room: http://www.sgxniftydowfutureslive.co...DOWFUTURES.htm

[Benny Profane]

Bloomberg called up all the top guns and big boys and girls to do a special report tonight. Futures way down, but, heh, treasuries up. I'm watching back and forth with Yankees/Sox. Busy night.

btw, I challenge anyone to say that Roubini is a crank at this point. He's been spot on for over six years, if one ignores his stock market predictions.

[Downbound Train]

Tea Party economics has no basis in reality.

RIGHT! Borrowing 40% of every dollar we spend is reality.

Tea party economics better have a basis in reality and quick!.