The overall markets are in shambles thanks to many fundamental reasons.
Many seem to revolve around poor lending practices and poor decisions made by everyone from consumers up the food chain. How is the ratio of disposable income to debt going in this country? Might that play a role in the countries collective ability to pay it’s debt? Could we have issues paying back thanks to inflation, taxes and the interest trap?
Markets are so vast that anyone wanting to create a pissing match and single out 1 reason for a crash of this magnitude is a tad out of line as I see it.
Good luck with the pissing match.
Added—
FWIW the commodity bugs got crushed recently as inflation was NOT feared any longer by those in the know. I find it funny how those in the metals held all the way and same with oil players. I know guys averaging in as oil neared $150. LOL
I warned of a top on USO within 10% from the true peak on several sites. News at a fever pitch and hype are great contrarian indicators.
LOL…I should not read backwards in time I guess.
What is the DOW? Do you understand fully what the DOW does and does NOT represent?
Don needs no backup but I’ll provide it because he clearly understands the ways of the market. It’s ALL collusion, and to suggest otherwise proves how heavy the wool is over the sheeps eyes. :banghead:
Back to what the traditional DOW is…it’s an artificial index that tracks 30 select stocks. I say artificial based on the fact that it has not remained the same 30 stocks since it’s inception and therefore is inflated through swaps. Also WTF good is a index of 30 stocks anyhow? The market is vast and a better measure would be something like the S&P500 perhaps? HRMMM
You won’t see me spouting off about cars as I know $hit about them…but the markets, I’ll yap it up when the need arises.
Here’s the dow issues as of 11:10am today. :eekdance:
Yeah…sorry bout that.
I fire from the hip and then take names. I didn’t plan my attack or even TO attack and read each additional post after I replied already.
I still want to show you some charts n’ shit but your always so damn busy!
You have the mindset that could take you far in the markets…and if this isn’t the end all be all collapse (I don’t believe it is) then this drop will create a new wave of market millionaires when inflation takes control again.
BUT the people buying GM because “it’s cheap” etc… are driving me nuts.
You have to have a strategy and understand that you’re playing with RISK capital! To be honest one could park anywhere from a few hundred to a few grand on several strategic plays and come out baller n’ shit if timed right.
The market dropped so fast this year unlike the Y2K drop that ground most people up mentally. That leads me to believe this could recover fairly quickly. The issue will be when inflation kicks again what will happen to our USD and it’s spending power? That’s a real scary component as I see it.
Yep, that’s me. Another rare American unable to be wrangled in by the shepherds. Thank god for my tin hat.
Based on the chart above…does anyone care to argue the market is fearful of inflation currently? By “market” I mean the knowledgeable investors/traders not retail traders…aka those that matter.
I run a market education site and though I’m not here to promote anything, anyone interested should drop me a PM. I’m big on market psych and it’s a site based mainly on education. I don’t pump penny stocks or any drama BS.
Edit—
I fail to see where I was the one coming off as arrogant, though I apologize if it came off that way.
If anything the market can and will humble the best of us. I will aways talk in terms of probabilities when it comes to the market. NOBODY knows with 100% certainty what comes next.
Fry drinks beer with Joe and I on a regular basis. We keep him up on the market. Dont worry we already covered that if the world dosent end and the market recovers people will make money. It was last months lesson.
Tradersbase, it seems like you are pretty knowledgable but some of us get put off by bragging about having called things on other sites and all that shepherd/sheep/end of the world bullshit you mix in with your posts. Try not to let the ensuing bickering bother you. I’m interested to read your takes on things.
I’m out for a bit though. Ironically I’m going to use my lunch break to study for my macro-econ exam. You guys play nice or I’ll come back and quiz you on BP curves. :nono:
You gotta see the new prototype tin hat I’m working on.
HAHA
Those buying in, or that bought in already are likely premature.
Of course this is based on the way many “investors” buy all in on a whim or news article and the fact that many don’t scale in. If someone is really long term investing it’s quite appropriate to have taken a small taste given the wild over reaction the market has had. Keep some gunpowder dry is my main suggestion. But I eat lunch alone so take my info with a grain of salt. Last months lesson for me was women are supposed to wipe from front to back so they don’t “sweep dirt into the kitchen”. :roflpicard:
YES I’m trying to lighten it up in here. The market is heavy enough fellas, let’s not go at each other just cause our nest eggs have been cut in half.
Yea lol I am Corvette shopping right now. Nest egg is doing great! Last thing i want right now is a stable market. Well unless we go into a long term Bull trend then I will take it.
But back on the economy. Where do you guys think the credit fisaco is going to spread to next? I hear lines of credit are being pulled from people left and right.
