January 24, 2014
— Ace In the words of Instapundit: That which can't go on forever, won't.
U.S. stocks fell sharply and Treasuries rallied on Friday, with the Dow Jones Industrial Average tumbling triple-digits for a second session and posting its worst week since November 2011, as investors pulled money from emerging markets and other assets viewed as risky.As Wall Street's faith in some of the world's largest developed countries unraveled, currencies of those nations were hit, with Turkey's lira falling to a record low against the dollar, and Argentina's peso down sharply against the U.S. currency.
"We've touched off by what's going on around the world, so to speak, and are reallocating assets from some of the emerging markets into what is thought of as more reliable," said JJ Kinahan, chief strategist at TD Ameritrade. "It's a safe parking spot," Kinahan added of fixed income.
Rick Santelli says that markets are beginning to wake up to the fact that central banks' straining efforts to levitate a deadweight market cannot continue. His nontechnical point is that central banks have been trying to artificially juice up the market, in hopes that positive psychology would then turn fake growth into real growth, and feigned confidence into genuine confidence.
But he says the frantic efforts to get sodden wood to catch fire have failed, and people are now catching on.
Posted by: Ace at
03:01 PM
| Comments (343)
Post contains 251 words, total size 2 kb.
Awesome. What will Obama's squirrel be this time?
Posted by: Lizzy at January 24, 2014 03:03 PM (POpqt)
Posted by: artisanal 'ette at January 24, 2014 03:03 PM (IXrOn)
Posted by: Teleprompter Feed Crew at January 24, 2014 03:03 PM (RJMhd)
Posted by: artisanal 'ette at January 24, 2014 03:04 PM (IXrOn)
Posted by: Barack Obama at January 24, 2014 03:04 PM (/FnUH)
Posted by: soothsayer, with arms akimbo at January 24, 2014 03:04 PM (znUty)
Posted by: Seamus Muldoon at January 24, 2014 03:05 PM (lIl16)
Posted by: Hurricane LaFawnduh at January 24, 2014 03:05 PM (pginn)
Posted by: shredded chi - If the river was whiskey, I'd be a diving duck at January 24, 2014 03:05 PM (JXkyA)
Um, we're having a firesale on bonafide, genuine, Grade A, US Fed green ink, America! Get yours now before our last batch is gone!
Posted by: ACME Inks and Dyes at January 24, 2014 03:06 PM (eHIJJ)
Posted by: Prez'nit 404 at January 24, 2014 03:06 PM (Dwehj)
Posted by: soothsayer, with arms akimbo at January 24, 2014 03:06 PM (znUty)
Posted by: Anna Puma (+SmuD) at January 24, 2014 03:07 PM (v0Hui)
We haven't had a pivot to jobs in, what, a month? I say one of them things.
Posted by: AnonymousDrivel at January 24, 2014 03:07 PM (eHIJJ)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars™ [/i] [/b] [/s] at January 24, 2014 03:07 PM (dwxY9)
i dunno what i hope but
that we aren't taking a dumpster dive.
Posted by: willow at January 24, 2014 03:07 PM (nqBYe)
Posted by: President Obama at January 24, 2014 03:07 PM (DpEwG)
Posted by: Dack Thrombosis at January 24, 2014 03:08 PM (oFCZn)
Posted by: soothsayer, with arms akimbo at January 24, 2014 03:09 PM (znUty)
Posted by: President Obama at January 24, 2014 03:09 PM (DpEwG)
Posted by: Seamus Muldoon at January 24, 2014 03:09 PM (kvJuD)
Posted by: President Obama at January 24, 2014 07:07 PM (DpEwG)
i think i will use my pen and demand banksters, corporations, brokers, stock holders start doing their "fair share"
Posted by: willow at January 24, 2014 03:09 PM (nqBYe)
Posted by: artisanal 'ette at January 24, 2014 03:09 PM (IXrOn)
Posted by: Anna Puma (+SmuD) at January 24, 2014 03:10 PM (v0Hui)
Posted by: Dack Thrombosis at January 24, 2014 03:10 PM (oFCZn)
Posted by: Teleprompter Feed Crew at January 24, 2014 03:10 PM (RJMhd)
Posted by: lowandslow at January 24, 2014 03:10 PM (IV4od)
Posted by: nnptcgrad at January 24, 2014 03:10 PM (Opyrm)
Posted by: soothsayer, with arms akimbo at January 24, 2014 03:11 PM (znUty)
Posted by: President Obama at January 24, 2014 07:09 PM
And GM is alive. Gutsy call, sir.
Are we running for something?
Posted by: slow Joe Biden at January 24, 2014 03:11 PM (bAGA/)
Krugaton swears there is no downside to QEleventy...
so we should increase it 3 fold and get the Dow to 36,000 by 2017!
Posted by: Sven 10077 at January 24, 2014 03:11 PM (TE35l)
Posted by: willow at January 24, 2014 03:11 PM (nqBYe)
Posted by: President Obama at January 24, 2014 03:11 PM (DpEwG)
Posted by: James Bond-O: aka Archer at January 24, 2014 03:12 PM (IXrOn)
Posted by: oc joe at January 24, 2014 03:12 PM (hqVUe)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars™ [/i] [/b] [/s] at January 24, 2014 03:12 PM (dwxY9)
Posted by: willow at January 24, 2014 03:13 PM (nqBYe)
Posted by: Barakahnaten the boy king at January 24, 2014 03:13 PM (nTgAI)
Posted by: Dack Thrombosis at January 24, 2014 03:13 PM (oFCZn)
Posted by: grammie winger at January 24, 2014 03:14 PM (P6QsQ)
Posted by: artisan` at January 24, 2014 03:14 PM (IXrOn)
1) the Obama admin's version of the Plunge Protection Team deployed at ~11:30 and failed.
2) after a 75 point rebound the market fell 1/2 my hoped for 600...
I am wondering if the Soros gang is cutting bait?
I took a cat nap I am gonna scrub some data tomorrow.
If the next QEleventy pop doesn't reinflate the market it means people are cutting and running and gonna try to land in bonds, and t-bills...
if/when that happens the fun REALLY begins.
Posted by: Sven 10077 at January 24, 2014 03:14 PM (TE35l)
Posted by: Carol at January 24, 2014 03:14 PM (s0f54)
Posted by: Prez'nit 404 at January 24, 2014 03:14 PM (Dwehj)
Posted by: Soona at January 24, 2014 03:15 PM (S5gpl)
Posted by: Caliban at January 24, 2014 03:15 PM (2ArJQ)
Posted by: Dr Spank at January 24, 2014 03:15 PM (DpEwG)
Posted by: SH at January 24, 2014 03:15 PM (lIdTF)
Posted by: oc joe at January 24, 2014 03:16 PM (hqVUe)
Posted by: Teleprompter Feed Crew at January 24, 2014 03:16 PM (RJMhd)
Posted by: Jmel at January 24, 2014 03:16 PM (cfFqn)
o that. well yes many were already slapped in the beginning of this ..
you know the non connected ..
so yeah .
Posted by: willow at January 24, 2014 03:16 PM (nqBYe)
Posted by: Bigby's Empty Hands at January 24, 2014 03:16 PM (KgN8K)
Posted by: Seamus Muldoon at January 24, 2014 03:16 PM (7fiW/)
Posted by: artisanal 'ette at January 24, 2014 03:16 PM (IXrOn)
Posted by: SH at January 24, 2014 07:15 PM (lIdTF)
Boosh!
Posted by: willow at January 24, 2014 03:17 PM (nqBYe)
Posted by: Teleprompter Feed Crew at January 24, 2014 03:17 PM (RJMhd)
Posted by: Bill H at January 24, 2014 03:17 PM (3sZO1)
And why are we in turmoil? What single influence/factor has made all of business planning difficult or impossible due to factors not yet apparent because they have yet to be spelled out and/or enforced?
Obama has succeeded beyond his puppet masters dreams and opened a hole beneath us that only now are we beginning to understand the depth of.
We ain't coming back from this trip very soon if at all.
Posted by: Bitter Clinger and All That (Unexpurgated Edition) at January 24, 2014 03:17 PM (LSDdO)
Posted by: Aetius451AD at January 24, 2014 03:17 PM (TGgNi)
It makes no sense. In the end, the usual suspects will walk away far richer, and the rest will lose everything.
--------------------
Thing is, there's no where else to put your money. Interest rates have been flat-lined by the Fed, so pretty much every other form of investment will leave you with not much more than what you started with. Stocks are actually producing something.
Unfortunately, though, the problems with the economy have guaranteed that the stocks will eventually "readjust" (read: crash), which means that we're getting closer and closer to the point at which your safest bet starts to become "keep the money under the mattress".
Posted by: junior at January 24, 2014 03:17 PM (UWFpX)
Posted by: Kreplach at January 24, 2014 03:17 PM (4Zmpq)
I keep kicking this can, but what happened to the road?
Posted by: your betters in the government, media, and business at January 24, 2014 03:18 PM (D+lxs)
Nice imagery and language, ace. "sodden wood" Love it.
Dunno. Along with the complete collapse of my confidence in the American electorate, the political class, the military brass, and the judiciary over the last few years there has been a spectacular disilllusionment with what are called "markets".
Of course, in many cases they are real markets as much as the subsidy/cost-shifting/waste/cartel rent-seeking crap called "health insurance" I've been buying for 20 years has been "insurance".
Of all the institutional degradation, the disappearance of even a nominally serious market guard-rail is in a way the most frightening. In 1979 (1980?), a few primary dealers and Volcker basically "rejected" Carter's budget. Was a thing of beauty, really. The incompetent and irresponsible administration and Congress literally got reined in by capital markets, which rationally rejected their proposed continuation of ruinous policies. It's the way that it's all supposed to work.
Nowadays? Even the budget and appropriations process itself has simply vanished (constitution, law, and two centuries of practice be damned) because the party in power is vile, stupid, and irresponsible, and the "opposition" party is mediocre and cowardly. To make things much much worse, the Fed has simply taken over the capital markets, as opposed to being a major player, whose role was always the responsible fuddy-duddy.
"You can't fight the Fed, and you can't fight the tape" were old Wall Street axioms. Now, the tape is basically just determined by the Fed, and the Fed has been operating on an insane and idiotic theory (nicely summarized in the post). That is, markets are largely gone.
Posted by: non-purist at January 24, 2014 03:18 PM (afQnV)
That wasn't my exact cue, but pretty close. I've a deferred comp acct that I put very little into - I want to keep it up, but hedge a lot on it.
Posted by: Bigby's Empty Hands at January 24, 2014 03:18 PM (KgN8K)
Posted by: grammie winger at January 24, 2014 07:14 PM (P6QsQ)
---------------------------------------------
When I turn fifty-nine and a half, that was the first thing I did. Pulled out enough money to pay off my mortgage. Never regreted it.
Posted by: Soona at January 24, 2014 03:18 PM (S5gpl)
Posted by: willow at January 24, 2014 03:18 PM (nqBYe)
Posted by: !Hilary at January 24, 2014 03:18 PM (fGPLK)
Posted by: Dack Thrombosis at January 24, 2014 03:19 PM (oFCZn)
Posted by: DangerGirl at January 24, 2014 03:19 PM (GrtrJ)
Posted by: Soona at January 24, 2014 03:20 PM (S5gpl)
Posted by: andrew cuomo at January 24, 2014 03:20 PM (WCnJW)
Posted by: willow at January 24, 2014 03:20 PM (nqBYe)
not to quibble Anna but I don't think they went below 70 billion of free easy mode money last I heard it is ~ 75 billion now.
http://tinyurl.com/m35xf5q
75*12=900 billion "play money" per annum...
Surreal...
The cocksucking democrats gloat over an artificial Dow number they derided under Bush without QE when we pointed out UE3 was low and the dow was solid.
Estimates are saying the Dow in 1/5d to 1/2 phantom value.
This is gonna be a fun landing.
Posted by: Sven 10077 at January 24, 2014 03:20 PM (TE35l)
That includes, up until last quarter, $85 billion dollars per month in Federal bond (re)purchases. Leading us to the point where the Feds own over 40% of all 5yr+ US bonds.
Insider selling jumped last quarter, highest in a few years. And the retail investors (aka you and me dum-dums ) are quite bullish. This is the usual dynamic as a bear market begins under a contrarian view of markets.
But as always, the market can remain irrational longer than you can remain solvent betting against another leg up.
Posted by: weft cut-loop[/i] [/b] at January 24, 2014 03:20 PM (cxs6V)
Your money supply is controlled by Miners, and the United Mine Workers of America
Posted by: Bigby's Empty Hands at January 24, 2014 03:21 PM (KgN8K)
@64 I think China told em to cut it out or they wouldn't lend any more
---------------
China's potentially got problems of its own. One of the interesting tid-bits that's been popping up in the news lately is that a big Chinese bank is going to get hit with a massive loan default at the end of the month. The Chinese government will probably pay the loan off itself to keep the bank from going under. But this is apparently not exactly an isolated incident. The Chinese are going to run out of money eventually as well.
Posted by: junior at January 24, 2014 03:21 PM (UWFpX)
Posted by: SH at January 24, 2014 03:21 PM (lIdTF)
Posted by: ScoggDog at January 24, 2014 03:22 PM (6/+vz)
Posted by: FCF at January 24, 2014 03:23 PM (Khja4)
Posted by: LoneStarHeeb at January 24, 2014 03:23 PM (BZAd3)
I am really starting to think fighting zombies would be preferable to what is about to happen worldwide peeps.
Posted by: Jmel at January 24, 2014 07:16 PM (cfFqn)
At least with zombies, there would be some infrastructure left. When people say, "Let it Burn," that is exactly what we will get.
Google images from any riot. Pyromaniacs and Crazies love to watch things burn.
Think Dark Ages in 4-8 months.
Posted by: rd at January 24, 2014 03:23 PM (D+lxs)
Posted by: Seamus Muldoon at January 24, 2014 03:23 PM (+sIY2)
Posted by: garrett at January 24, 2014 03:23 PM (jvVAK)
Posted by: junior at January 24, 2014 07:17 PM (UWFpX)
-----------------------------------------------------
True. But not literally under the mattress. There's ways to keep from having to give the gubmint anything.
Posted by: Soona at January 24, 2014 03:23 PM (S5gpl)
Posted by: Barakahnaten the boy king at January 24, 2014 03:24 PM (nTgAI)
Posted by: SFGoth at January 24, 2014 03:24 PM (VGDJR)
Posted by: Low Information Voter at January 24, 2014 03:24 PM (Dwehj)
Chaos rewards the survivors who make the best decisions....
I prefer chaos to Lord Obama
Posted by: Sven 10077 at January 24, 2014 03:24 PM (TE35l)
Posted by: Aetius451AD at January 24, 2014 03:25 PM (TGgNi)
Posted by: SH at January 24, 2014 03:25 PM (lIdTF)
Posted by: The Political Hat at January 24, 2014 03:25 PM (XvHmy)
There is a positive side to this development.
Our cratering will be preceded by Europe cratering first!
Paaarrrteeeeh
Posted by: LoneStarHeeb at January 24, 2014 03:25 PM (BZAd3)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars™ [/i] [/b] [/s] at January 24, 2014 03:26 PM (dwxY9)
MOnty was in a similar place to CAC and if I may aspire myself in the wake of election 12...
I had more faith in a political solution than Monty, which it turned out was misplaced.
America had a chance to be the first Top Tier Power to roll back the tide and resume its place.
We got womyn in binders instead.
The US chose poorly.
Posted by: Sven 10077 at January 24, 2014 03:26 PM (TE35l)
Posted by: soothsayer, with arms akimbo at January 24, 2014 03:27 PM (znUty)
Posted by: garrett at January 24, 2014 03:27 PM (jvVAK)
Posted by: SH at January 24, 2014 03:27 PM (lIdTF)
What is the downside to a gold or other solid currency?
----
For me it is that it inherently has little value and it just has not been a good overall investment in the past 100 years. But that past is not an indication of future events.
Posted by: SH at January 24, 2014 07:21 PM (lIdTF)
----------------------------------------------
When the collapse comes, exchanging in metals is going to be hard. Who's going to believe that's really a solid gold or silver coin?
Posted by: Soona at January 24, 2014 03:27 PM (S5gpl)
Posted by: The Jackhole at January 24, 2014 03:27 PM (nTgAI)
Posted by: rickl at January 24, 2014 03:27 PM (sdi6R)
soothsayer, I believe I saw that 75% of the S&P rise in the last year was from multiples-expansion, not earnings growth. So yeah, given that some amazing new bright vistas of above-average real growth are hardly visible just ahead (as, say, might have been argued in the mid-1990s due to a real transition in the economy), the multiple expansion appears crazy and almost certain to collapse.
Posted by: non-purist at January 24, 2014 03:27 PM (afQnV)
Posted by: junior at January 24, 2014 07:17 PM (UWFpX)
what money?
Posted by: willow at January 24, 2014 03:27 PM (nqBYe)
There is also the positive aspect that while the country is circling the bowl, Obama will finally glimpse the country that he envisioned it to be...
right before he goes down with it.
You too, Moo.
Posted by: LoneStarHeeb at January 24, 2014 03:28 PM (BZAd3)
Posted by: redenzo at January 24, 2014 03:28 PM (WCnJW)
Posted by: Tobacco Road at January 24, 2014 03:28 PM (4Mv1T)
Should have put my money in propane this week, in actual propane. It was $3.89 a gallon on Monday, $5.95 a gallon today here in Wisconsin.
Posted by: lowandslow at January 24, 2014 07:10 PM (IV4od)
OUCH! Last fill was $2/gallon. Time to put a note on the tank, please add 100 gallons only.
Posted by: rd at January 24, 2014 03:28 PM (D+lxs)
Get some silver rounds and visit a gun or whatever shop in a region where people talk it up constantly, like Idaho or Wyoming. Try to buy something. Let us know how it went.
Anecdotes about people hiding out during the Hutu/Tutsi genocide thinger said that if you let on you had anything and you were willing to pay it to get smuggled out? That earned you a visit by thugs who then killed everybody and took it all.
Posted by: Bigby's Empty Hands at January 24, 2014 03:28 PM (KgN8K)
Posted by: Low Information Voter at January 24, 2014 03:28 PM (Dwehj)
Posted by: Crafty Street Vendor at January 24, 2014 03:28 PM (MMC8r)
Posted by: Carol at January 24, 2014 03:29 PM (s0f54)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars™ [/i] [/b] [/s] at January 24, 2014 03:29 PM (dwxY9)
Posted by: sock_rat_eez at January 24, 2014 03:29 PM (+jyzN)
Posted by: Teleprompter Feed Crew at January 24, 2014 03:29 PM (RJMhd)
Posted by: soothsayer, with arms akimbo at January 24, 2014 03:29 PM (znUty)
Our cratering will be preceded by Europe cratering first!
----------------------------------------------
I'm not so sure of that anymore.
Posted by: Soona at January 24, 2014 03:30 PM (S5gpl)
Posted by: grammie winger at January 24, 2014 03:30 PM (P6QsQ)
They can print so long as they have ink comrade...
China is in better shape than we are simply because they still have industry. You can't refire an economy based on the service sector IMHO.
That is what Bukakkenomics has proven.
The Keynesian Kidz keep on chasing their multiplier effect dragon...
I think the multiplier for the service sector is .9
Posted by: Sven 10077 at January 24, 2014 03:30 PM (TE35l)
Posted by: rd at January 24, 2014 03:30 PM (D+lxs)
Posted by: bonhomme[/i][/b][/i][/b][/s][/s] at January 24, 2014 03:31 PM (o4Xc4)
Really, please hold off until I can get my garden planted and the caltrops in place.
Posted by: no good deed at January 24, 2014 03:31 PM (vBhbc)
I paid 2.39 / gallon to top it off last week.
*sighs gratefully*
Looks like the rumored propane shortage has arrived, huh ?
Posted by: sock_rat_eez at January 24, 2014 07:29 PM (+jyzN)<
I always do a prebuy contract with our dealer to lock in the summer price. Some years its a wash. This year, it was a home run.
Posted by: Muad'dib at January 24, 2014 03:31 PM (PlTXA)
I think this years October Surprise will be Soros and the Chinese making either the Yuan or the EUtopia Dorra the Petrol Reserve Currency...
when that happens we go FIRST no last.
Posted by: Sven 10077 at January 24, 2014 03:32 PM (TE35l)
Posted by: Wonkish Rogue at January 24, 2014 03:32 PM (dvRYt)
Posted by: Mr. Moo Moo at January 24, 2014 03:32 PM (0LHZx)
Posted by: Seamus Muldoon at January 24, 2014 03:32 PM (DORBz)
Posted by: BCochran1981 - Credible Hulk at January 24, 2014 03:33 PM (GEICT)
Posted by: Dack Thrombosis at January 24, 2014 03:33 PM (oFCZn)
Posted by: garrett at January 24, 2014 03:33 PM (jvVAK)
And people thought I was crazy for investing in buggy whips; and cool whip for some reason.
Posted by: Dr Spank at January 24, 2014 03:34 PM (DpEwG)
48 Would it be a better financial move right now to continue to pay into an IRA, or instead use that money to pay down a mortgage?
Posted by: grammie winger at January 24, 2014 07:14 PM (P6QsQ)
This is a good question, but it depends on a lot of variable input from the individual investor. I sold some stocks a few years back to pay off my house. At the time I was paying 4.25 % interest. So return on that money was automatically 4.25 % percent.
Treasuries and bonds pay crap right now.
On thing about a paid off house is, you have a place to live.
Things to consider:
current interest rate
Tax liabilities
Retirement horizon
current income vs retirement income
credit card debt and other debt ( pay off credit cards first always )
Ammo is always a good investment
Posted by: The Jackhole at January 24, 2014 03:34 PM (nTgAI)
Posted by: willow at January 24, 2014 03:35 PM (nqBYe)
Posted by: soothsayer, with arms akimbo at January 24, 2014 03:35 PM (znUty)
Posted by: bonhomme[/i][/b][/i][/b][/s][/s] at January 24, 2014 03:35 PM (o4Xc4)
Oh, and Santelli is a very good guy on a personal level. A friend in the financial journalism biz once told me how much he had helped her when she was new to the field. A real solid guy.
soothsayer, re the WSJ ..... the editorial side of course is 80% less idiotic than the NYT or WaPo or similar pathetic examples, except of course for rule of law and common sense (amnesty), on which they are arrogant and clueless idiots. But I didn't know they were also so clueless on fiscal matters. That's a surprise, as it lies in, uh, their "core competence".
On the "news" side of course the WSJ has many of the same pathologies as the rest of press. Still remember glancing at the WSJ in my dentist's office last year. Front page story about resurgence of a long-defeated communicable disease in the US (pertussis?). Said to the wife as I started the article "let's see how long into the piece before they reveal the most important issue, if they even do". Sure enough, well into the jump page, about 30 paragraphs into the article, "most of the cases are found near border areas of the southwest". Ha!! This, after droning on and on about resistant strains and blah blah blah. It's pathetic how easy it is to de-construct today's "journalism" just off the top of your head, and be 100% correct.
But you all knew that.
Posted by: non-purist at January 24, 2014 03:36 PM (afQnV)
Posted by: Adriane... at January 24, 2014 03:36 PM (hrU8o)
It's $5 in Iowa. Branstad and Grassley want to get the feds involved. O_o
One of the things that interested me in the article about the shortage, though, was the role the new federal regulations about fuel transportation is playing, specifically the rules about drivers' schedules.
Posted by: HR at January 24, 2014 03:36 PM (hO8IJ)
Posted by: MikeH at January 24, 2014 03:36 PM (bRL1M)
Posted by: Seamus Muldoon at January 24, 2014 03:36 PM (DORBz)
Posted by: bonhomme[/i][/b][/i][/b][/s][/s] at January 24, 2014 03:36 PM (o4Xc4)
Posted by: Teleprompter Feed Crew at January 24, 2014 03:37 PM (RJMhd)
Posted by: Midget Russian Hookers at January 24, 2014 03:37 PM (XvHmy)
Okay Champ...
I'm a college dropout...
I called the GSE implosion a month out by watching the foreclosures indexed to fuel price.
Krugaton the Nobyl says the Xerox Bukakkenomics has no blowback...
we'll see.
1.96% is near enough to 2% of volume for Govt work...considering I'd bet my left nut the PPT deployed "we'll see"
Posted by: Sven 10077 at January 24, 2014 03:37 PM (TE35l)
Posted by: Chip Diller-Diller-diller at January 24, 2014 03:37 PM (bRL1M)
Posted by: oc joe at January 24, 2014 03:38 PM (hqVUe)
I'm already thinking of dumping that Lew fellow. You would be a great fit. Please send your resume to Pebble Beach, c/o Preezy.
Posted by: Prez'nit 404 at January 24, 2014 03:38 PM (Dwehj)
Posted by: rickb223 at January 24, 2014 03:38 PM (YIZv0)
Posted by: bonhomme[/i][/b][/i][/b][/s][/s] at January 24, 2014 03:38 PM (o4Xc4)
Posted by: Retired Buckeye Cop at January 24, 2014 03:38 PM (sEKS8)
Posted by: MikeH at January 24, 2014 03:39 PM (bRL1M)
Thanks for all the input, guys. Appreciate it.Posted by: grammie winger at January 24, 2014 03:39 PM (P6QsQ)
Posted by: The Jackhole at January 24, 2014 07:34 PM (nTgAI)
-------------------------------------------
I don't drink, but I'm thinking about buying booze as a barter good. Ammo will be good if there's trouble. If not, then I'll have fun burning it all up through small tubular constructs.
Posted by: Soona at January 24, 2014 03:39 PM (S5gpl)
Yup, maybe I'm wrong...maybe this EZ Mode Dow really is an indicator of a supercharged US economy...
I'll note the drop was the biggest in 7 months, and a two day plunge of credible volume % is rare these days of monopoly money.
Game on....
I have my portfolio in copper, steel, lead, and Kevlar.
I like my chances.
Posted by: Sven 10077 at January 24, 2014 03:39 PM (TE35l)
Posted by: Seamus Muldoon at January 24, 2014 07:36 PM (DORBz)
look I eat a ton of horseradish, Tons of salt garlic and Smoke , so move onto the people that do healthy
Posted by: willow at January 24, 2014 03:39 PM (nqBYe)
Posted by: Tobacco Road at January 24, 2014 03:39 PM (4Mv1T)
What's your favorite marinade?
Posted by: HR at January 24, 2014 03:39 PM (hO8IJ)
Posted by: SH at January 24, 2014 03:40 PM (lIdTF)
Posted by: Mr. Moo Moo at January 24, 2014 03:40 PM (0LHZx)
Posted by: [/i]andycanuck[/b] at January 24, 2014 03:40 PM (NU/ou)
Posted by: Chip Diller-Diller-Diller-pickle at January 24, 2014 03:40 PM (hrU8o)
One thing about a paid off house is, you have a place to live.
Things to consider:
current interest rate
Tax liabilities
Retirement horizon
current income vs retirement income
credit card debt and other debt ( pay off credit cards first always )
Ammo is always a good investment
Posted by: The Jackhole at January 24, 2014 07:34 PM (nTgAI)
If you can continue to pay the taxes. They are equal to several mortgage payments in my case.
Posted by: rd at January 24, 2014 03:40 PM (D+lxs)
**pulls out desiccated fetus puppet**
"Well, hellooooo how ya doin'?"
"What, you askeered of this here clump of cells? How 'bout this here snake?"
Posted by: Bigby's Empty Hands at January 24, 2014 03:40 PM (KgN8K)
Posted by: Saber Alter at January 24, 2014 03:41 PM (DNu5Y)
Posted by: Papa at January 24, 2014 03:41 PM (jECGF)
Posted by: SH at January 24, 2014 03:41 PM (lIdTF)
Moo Moo, what are the P/E ratios (current, forward, historic average) for the S&P? Lazy, I should look it up and bookmark somewhere to keep an eye on it. I thought that, in fact, the S&P had seen huge multiple expansion in the last year, and the usual reasons for such expansion are utterly lacking.
I thought long-term average was 13?
Oh, for the White House staff or Sen. Reid's office people monitoring this thread, "P/E" stands for "price-to-earnings" ratio. But don't say this around the president, it might confuse him, as not knowing this was one of the many jaw-dropping bits of unwordly ignorance he has beclowned the nation with since his disastrous and embarrassing debut.
Posted by: non-purist at January 24, 2014 03:42 PM (afQnV)
Posted by: Seamus Muldoon at January 24, 2014 03:42 PM (XpOiz)
Posted by: grammie winger at January 24, 2014 03:42 PM (P6QsQ)
at 960 billion per year or so I'd argue the economy as the media is currently measuring it is HIS arguably.
You tell me what anything is worth, because I'd posit the answer is "who the fuck knows?"
Posted by: Sven 10077 at January 24, 2014 03:42 PM (TE35l)
Oh, that is my favorite show!1!
Posted by: Sandra Flook at January 24, 2014 03:43 PM (Dwehj)
Posted by: rd at January 24, 2014 07:40 PM (D+lxs)
that's why it varies from person to person. California has Prop 13. So I only pay taxes on the original purchase price.
Posted by: The Jackhole at January 24, 2014 03:43 PM (nTgAI)
Posted by: Tobacco Road at January 24, 2014 03:43 PM (4Mv1T)
Posted by: Dr Spank at January 24, 2014 03:43 PM (DpEwG)
Posted by: rickl at January 24, 2014 03:44 PM (sdi6R)
Preznit Urkle X needs Bukakke Bucks for easy mode economics...
he really made me ashamed with his profits and earnings ratio gaffe he never makes.
Posted by: Sven 10077 at January 24, 2014 03:44 PM (TE35l)
Posted by: ScoggDog at January 24, 2014 03:44 PM (6/+vz)
Posted by: AnthonyB at January 24, 2014 03:44 PM (eqRqW)
Posted by: navybrat at January 24, 2014 03:45 PM (AW7Gr)
I think Ace meant dead wood as opposed to wet wood.
I could go for some wet wood right about now
- Groucho
Posted by: Regulay Guy at January 24, 2014 03:45 PM (N3Al8)
Posted by: Bigby's Empty Hands at January 24, 2014 07:40 PM (KgN8K)
What you'll find, I hope, is that not any Moron who posts here fits into a stereotypical bucket.
There's a lesson there.
Posted by: tangonine at January 24, 2014 03:45 PM (x3YFz)
Posted by: California Democrats at January 24, 2014 03:45 PM (XvHmy)
Posted by: Tobacco Road at January 24, 2014 03:45 PM (4Mv1T)
Posted by: SH at January 24, 2014 03:46 PM (lIdTF)
Posted by: ontherocks at January 24, 2014 03:46 PM (uyuyQ)
Posted by: MikeH at January 24, 2014 03:46 PM (bRL1M)
Posted by: SpongeBobSaget at January 24, 2014 03:46 PM (kxSZr)
>>>What you'll find, I hope, is that not any Moron who posts here fits into a stereotypical bucket.
Why respond to me? That was a quote, my response the jibe. All of it in jest, for the thicker of skin.
Posted by: Bigby's Empty Hands at January 24, 2014 03:47 PM (KgN8K)
Posted by: Mr. Moo Moo at January 24, 2014 03:47 PM (0LHZx)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars™ [/i] [/b] [/s] at January 24, 2014 03:47 PM (dwxY9)
Posted by: Paranoidgirlinseattle at January 24, 2014 03:48 PM (RZ8pf)
This 300 drop is a blip. Stocks still have a long way to go...UP.
Posted by: Mr. Moo Moo at January 24, 2014 07:32 PM (0LHZx)
------------------------------
Your pomposity precedes you, sir.
Posted by: Tobacco Road at January 24, 2014 07:45 PM (4Mv1T)
I wood axe you, too Posted by: MikeH
-------------------
We now know *where* the cannibalism will start at least
Posted by: Bigby's Empty Hands at January 24, 2014 03:48 PM (KgN8K)
This 300 drop is a blip. Stocks still have a long way to go...UP.
Posted by: Mr. Moo Moo at January 24, 2014 07:32 PM (0LHZx)
------------------------------
Your pomposity precedes you, sir.
Posted by: Tobacco Road at January 24, 2014 07:45 PM (4Mv1T)
I asked. t'was moi. Just was curious, not meant to be offensive.
Posted by: tangonine at January 24, 2014 03:49 PM (x3YFz)
Laffer is a genius, he also understand "ez mode" and optimal return on capital pathway.
The Fed is making stocks THE thing right now, but as Taper and nerves interact even barring a Soros gambit the bears will run to Bonds.
sooner or later the rates go up, OR we really are in a perpetual motion machine OR we're defacto holding the planet hostage with 400 warheads.
We're basically an Argentina taken to scale with WMDs right now.
Posted by: Sven 10077 at January 24, 2014 03:49 PM (TE35l)
Posted by: sock_rat_eez at January 24, 2014 03:49 PM (+jyzN)
Forward PE can be misleading especially in a situation like the current one where the balance of revisions to guidance is on the negative side. It's also complicated by stock buy-backs, something that doesn't demonstrate the strength of outlook when capex is at decade lows.
Also strong Q4 insider selling is a big red flag.
Sure, the markets can remain irrational longer than anyone can remain solvent, but the massive intervention does not speak well of the long term.
Posted by: weft cut-loop[/i] [/b] at January 24, 2014 03:49 PM (cxs6V)
Posted by: Mr. Moo Moo at January 24, 2014 03:49 PM (0LHZx)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars™ [/i] [/b] [/s] at January 24, 2014 03:50 PM (dwxY9)
Posted by: SH at January 24, 2014 03:50 PM (lIdTF)
Posted by: ScoggDog at January 24, 2014 03:50 PM (6/+vz)
Posted by: tangonine at January 24, 2014 03:50 PM (x3YFz)
@125your safest bet starts to become "keep the money under the mattress".
Posted by: junior at January 24, 2014 07:17 PM (UWFpX)
what money?
----------------
You know, that penny that you found on the sidewalk.
Posted by: junior at January 24, 2014 03:51 PM (UWFpX)
A few years ago, someone floated the idea of coining a trillion dollar coin and using it (or a few of them) to pay off the debt.
In my office, I have a 100 trillion dollar bill from Zimbabwe. (It's real by the way)
I'm pretty sure the trillion dollar coins will be equally valuable. But they'll probably try it all the same.
Posted by: LoneStarHeeb at January 24, 2014 03:51 PM (BZAd3)
Posted by: --- at January 24, 2014 03:51 PM (MMC8r)
Posted by: The Jackhole at January 24, 2014 03:51 PM (nTgAI)
This is the longest distribution phase I have ever seen, and you look at things like the put/call ratio and it seems we have months to go before it tops.
Posted by: SpongeBobSaget at January 24, 2014 03:52 PM (kxSZr)
Look Stock is either indexed to ROR on dividentiture or it is a REALLY expensive game of Keno...
I am leaning these days to Keno no any sane approximation of earnings to Liquidation Value to Dividend flow...
Whatever....I am still wondering why counterfeiting is illegal, the Fed's hypothesis is 7% or so backed by bond currency is just ducky....?
my sunk cost to print funny money is probably 5% or so give or take.
Posted by: Sven 10077 at January 24, 2014 03:52 PM (TE35l)
Posted by: Dr Spank at January 24, 2014 03:52 PM (DpEwG)
Posted by: ScoggDog at January 24, 2014 07:50 PM (6/+vz)
yeah. the people that say that? aren't in the bucket.
Posted by: tangonine at January 24, 2014 03:52 PM (x3YFz)
Posted by: Cannibal Rat Crew at January 24, 2014 03:52 PM (dvRYt)
Now, I wonder if I'm "scary smart"... you know, like Zero is?
Posted by: mnw at January 24, 2014 03:53 PM (68RU9)
Posted by: Tobacco Road at January 24, 2014 03:53 PM (4Mv1T)
Posted by: Bigby's Empty Hands at January 24, 2014 03:53 PM (KgN8K)
High demand because it's so freaking cold in so many places this year.
Posted by: huerfano at January 24, 2014 03:54 PM (bAGA/)
Posted by: --- at January 24, 2014 07:51 PM (MMC8r)
you mock me, but the doctoral dissertation defense of Flailing About requires years of research.
Posted by: tangonine at January 24, 2014 03:54 PM (x3YFz)
Posted by: Mr. Moo Moo at January 24, 2014 03:54 PM (0LHZx)
Thanks, I coined Ogabenomics as well when I analyzed his "plan" over at Tepid back in 08.
If Barack Obama/Timmy Turbo and Helicopter Ben's methods work this time it'll be a miracle on the order of drunk back sober.
Posted by: Sven 10077 at January 24, 2014 03:54 PM (TE35l)
Posted by: ScoggDog at January 24, 2014 03:55 PM (6/+vz)
Posted by: Teleprompter Feed Crew at January 24, 2014 03:55 PM (RJMhd)
>>>>High demand because it's so freaking cold in so many places this year.
Too bad we can't burn DC bullshit
Posted by: Bigby's Empty Hands at January 24, 2014 03:55 PM (KgN8K)
Posted by: SH at January 24, 2014 03:55 PM (lIdTF)
Posted by: Seamus Muldoon at January 24, 2014 03:56 PM (5Aijy)
Posted by: MikeH at January 24, 2014 03:56 PM (bRL1M)
Posted by: BCochran1981 - Credible Hulk at January 24, 2014 03:57 PM (GEICT)
Posted by: Teleprompter Feed Crew at January 24, 2014 03:57 PM (RJMhd)
Right and hey if Ogabe's hidden agenda is to make us as beloved as the Brezhnevian Soviet era he's on par so far.
We are DARING the world to let us stumble and sooner or later the world will take the dare.
I think Oz, or Brazil are going to raise their interest rates and draw hedge from our flim flam band within 2 years tops.
Oz needs the pump to get back to work, their mines are laying a little fallow last I heard.
Posted by: Sven 10077 at January 24, 2014 03:57 PM (TE35l)
Posted by: Niedermeyer's Dead Horse at January 24, 2014 03:57 PM (DmNpO)
Wasn't that last summer?
It only feels like years ago.
Posted by: HR at January 24, 2014 03:58 PM (hO8IJ)
Posted by: rickl at January 24, 2014 03:58 PM (sdi6R)
Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars™ [/i] [/b] [/s] at January 24, 2014 03:58 PM (dwxY9)
Posted by: Bigby's Empty Hands at January 24, 2014 07:55 PM
We could, but I already can't stand the stench.
Posted by: huerfano at January 24, 2014 03:58 PM (bAGA/)
Posted by: MikeH at January 24, 2014 03:58 PM (bRL1M)
Posted by: Mr. Moo Moo at January 24, 2014 03:58 PM (0LHZx)
Posted by: mnw at January 24, 2014 03:59 PM (68RU9)
Posted by: SpongeBobSaget at January 24, 2014 03:59 PM (kxSZr)
Posted by: SH at January 24, 2014 03:59 PM (lIdTF)
I have never given precision advice over the net nor would I.
I analyze what's around the 30-45 day corner.
I also gave it up in 2012 when Bukkake basically said "fuck it he is getting reelected goddamnit" and turned the faucet on full.
I used to have to open a history book to see a Fed Chair who had gone full tard....
luckily I know have seen two in a row.
Posted by: Sven 10077 at January 24, 2014 03:59 PM (TE35l)
Posted by: Mr. Moo Moo at January 24, 2014 04:00 PM (0LHZx)
Posted by: MikeH at January 24, 2014 04:01 PM (bRL1M)
They're gonna be the Hemispheric Superpower within 50 years I'd wager.
I have three reasons for seeing that.
2 are secular one is clerical.
Posted by: Sven 10077 at January 24, 2014 04:01 PM (TE35l)
Posted by: SH at January 24, 2014 04:01 PM (lIdTF)
Posted by: SpongeBobSaget at January 24, 2014 04:01 PM (kxSZr)
Posted by: Teleprompter Feed Crew at January 24, 2014 04:02 PM (RJMhd)
Posted by: MikeH at January 24, 2014 04:02 PM (bRL1M)
Posted by: ScoggDog at January 24, 2014 04:02 PM (6/+vz)
Posted by: Tobacco Road at January 24, 2014 04:02 PM (4Mv1T)
Posted by: Mr. Moo Moo at January 24, 2014 08:00 PM (0LHZx)
Anyone with an IQ over room temp figured this out 8 years ago.
Posted by: tangonine at January 24, 2014 04:03 PM (x3YFz)
Posted by: soothsayer, with arms akimbo at January 24, 2014 04:03 PM (znUty)
Posted by: The Jackhole at January 24, 2014 04:04 PM (nTgAI)
Posted by: MikeH at January 24, 2014 04:04 PM (bRL1M)
The Fed's problem now is that it can't really unwind quantitative easing because rising interest rates will make the competing necessities of paying interest on debt and paying the costs of massive government next to impossible. The only possible way for it to work is for them to somehow create conditions for stagflation, or even negative growth with high inflation, which means even fewer people will be working.
Piece of cake.
Posted by: LoneStarHeeb at January 24, 2014 04:04 PM (BZAd3)
Posted by: Teleprompter Feed Crew at January 24, 2014 04:04 PM (RJMhd)
Posted by: SH at January 24, 2014 04:05 PM (lIdTF)
I'm touched you think he is a rational actor, not the puppet of Soros, and a good fiscal guardian.
Giggles most assuredly can negatively influence the market and he HAS at times sent shocks with his mouth.
Goggle or Fuckbook or Twatter finally getting their comeuppance will be like Grandma's apple crisp....
I am longing for the scales to be balanced.
Posted by: Sven 10077 at January 24, 2014 04:05 PM (TE35l)
Posted by: Mr. Moo Moo at January 24, 2014 04:05 PM (0LHZx)
Posted by: Bigby's Empty Hands at January 24, 2014 04:05 PM (KgN8K)
Posted by: Teleprompter Feed Crew at January 24, 2014 04:06 PM (RJMhd)
Posted by: LFW - Honorary Pointy Eared Vulcan at January 24, 2014 04:06 PM (SudzO)
Posted by: Teleprompter Feed Crew at January 24, 2014 04:07 PM (RJMhd)
Posted by: SpongeBobSaget at January 24, 2014 04:09 PM (kxSZr)
"ok"
You don't win that game if you don't play and last time I checked there are no serious military or economic strategy minds in the LIV/FSA militia.
I figure another round of "Let's blow Islam and hey fuck Israel or the US' interests" and more Reagan Hawks like me will shrug and start agitating to cut the military.
Iraq and Ghani were hard enough to bear when we were trying to achieve something....
my neighbors, friends, and family deserve to be under harm for something more than Urkel's ego or narrative.
If a person who was raised on an airbase's footprint, served, is a spouse, and has a child starting to move towards wanting to serve is getting apathetic I am certain the Obama Jugend are gonna fill those holes as well as the 1997-2007 force did.
I think we're gonna shed another Carrier wing, and our Air, Sea, Rail, and WHeel lift will continue to attrit.
You can't run the US MilSTrat Playbook without logistical domination.
Posted by: Sven 10077 at January 24, 2014 04:09 PM (TE35l)
Posted by: buzzion at January 24, 2014 04:09 PM (LI48c)
Well... you go to your church, & I'll go to mine, thanks very much. "Seriously."
Posted by: mnw at January 24, 2014 04:11 PM (68RU9)
Moo Moo is also telling you going from 85 or so bill a month to 75 is a dramatic drop at the same time a 2% loss on volume is nothing.
Maybe he is right, I am thinking the market will tree Uncle Yallen the next time He turns the faucet a bit.
They spooked the fuck out of ben three times.
Posted by: Sven 10077 at January 24, 2014 04:11 PM (TE35l)
Posted by: Teleprompter Feed Crew at January 24, 2014 08:07 PM (RJMhd)
This is a true statement
Posted by: The Jackhole at January 24, 2014 04:12 PM (nTgAI)
Posted by: Mr. Moo Moo at January 24, 2014 04:12 PM (0LHZx)
Posted by: sock_rat_eez at January 24, 2014 04:13 PM (+jyzN)
@301 Maybe he is right, I am thinking the market will tree Uncle Yallen the next time He turns the faucet a bit.
-----------------------
"Auntie" Yellen.
And that's assuming that Fezzik doesn't threaten to tear her arms off first.
Posted by: junior at January 24, 2014 04:13 PM (UWFpX)
Like Uncle Jan Neopolitino Uncle says I...
heh it is funny watching the Xerox tech to the stars shit a brick when the markets drop 400 points or so when they even THINK about a hard taper...
they can NOT shut it off.
Posted by: Sven 10077 at January 24, 2014 04:15 PM (TE35l)
Posted by: Christopher Taylor at January 24, 2014 04:15 PM (zfY+H)
Posted by: fixerupper at January 24, 2014 04:16 PM (IrLKP)
Posted by: LFW - Honorary Pointy Eared Vulcan at January 24, 2014 04:17 PM (SudzO)
He has the biggest balls in the game...
because what America needs RIGHT now is Fed direct interference in the housing market on a mico rather than macro scale...
Old Yellern is a going hunting boys...she thinks she has to find some chores to do.
Posted by: Sven 10077 at January 24, 2014 04:17 PM (TE35l)
Posted by: Ribald Conservative riding Orca at January 24, 2014 04:17 PM (+1T7c)
Posted by: alcoa fedora at January 24, 2014 04:18 PM (hqVUe)
Posted by: A few thousand ballots found in the back seat of someone's car at January 24, 2014 04:19 PM (0LHZx)
Bernanke has put the Fed in a box of its own design. All the QE and "asset purchasing" have loaded all the member banks with tons of federal and mortgage paper at low interest rates. When your portfolio is that unbalanced, you are exposed.
A real recovery would involve rising interest rates to attract investment, but if the Fed raises rates, it devalues their own banks' holdings! But Bernanke's big mouth promised to back off when the unemployment rate hit 6.5%. Obamanomics will achieve that by driving people permanently out of the labor force, but the Fed will have to put up or shut up then. It won't be pretty.
Posted by: Adjoran at January 24, 2014 04:21 PM (473jB)
Posted by: Ribald Conservative riding Orca at January 24, 2014 04:22 PM (+1T7c)
Hey Mau Mau how much raw fucking QE Sewage has been jammed into that tube of a cistern known as the dow?
Yeah a 12% reduction in the shit flow....compared to a 2% in a day of trading drop.
You're gonna slowly close the spigot towards the pulse rate of required shit flow...
when Old Yallern tries to move past that cut off on the pulse there WILL be a reset.
85 billion was always way too high, the sane QE is probably 30-50 billion but who gives a fuck right?
It's not like the Fed essentially has debauched the BPP of the USD the last 5 fucking years.
Posted by: Sven 10077 at January 24, 2014 04:23 PM (TE35l)
All of that money is froze and the minute it starts flowing we either get higher interest or we get serious inflationary pressure on top of the imaginary pressure Ogabe swears ain't there.
It's gonna be a fun half decade...probably b/c we're more retarded than Japan was 15 years.
Posted by: Sven 10077 at January 24, 2014 04:25 PM (TE35l)
Posted by: garrett at January 24, 2014 04:26 PM (ge6S7)
I quit trying to find shatterpoints when I grasped the raw power of the "Narrative tm" and the Hopium that the moonbat Wall Street rat class was engaged in.
I know this is hard to believe but King Putt I of the Profit and Earnings Ratio doesn't understand shit about econ...
now the generous part of me thinks that is because any econ he took in college was Marxist.
Posted by: Sven 10077 at January 24, 2014 04:27 PM (TE35l)
Posted by: Mr. Moo Moo at January 24, 2014 04:28 PM (0LHZx)
18 billion or so a week Bukakke Bonus Buckks and they had two losing days...
if I didn't know any better I'd almost bet the investor class is pondering filling some mattresses.
Posted by: Sven 10077 at January 24, 2014 04:29 PM (TE35l)
Posted by: Wonkish Rogue at January 24, 2014 04:32 PM (dvRYt)
Posted by: Gabby at January 24, 2014 04:33 PM (bRL1M)
I know...
and I barely care stud.
You are pretending that an 18-22 billion a week flow of non-backed shit free money does not have inertia and momentum that is defacto an artificial source of disequilibrium.
I think that is silly but so be it.
three weeks of a 2.5 billion or so a week shave does not represent a big portion of the shit river the Choom Gang at the Fed generated.
so invoking 12% as though that is great shakes on the free money momentum and comparing it to a 1.96% hiccup and drop of two days duration given the patterns we can observe may be a harbinger.
The bit about "pulse" and Old Yallern getting to try to find the market's breaking point on taper rate was just me funnin' with you Mau Mau.
I'm too stupid to understand how 7% backed free money is the secret to a booming economy...
now in my stupidity when I see growth it is because it is actual fucking growth not welfare money for mutual funds.
Posted by: Sven 10077 at January 24, 2014 04:34 PM (TE35l)
Posted by: garrett at January 24, 2014 04:38 PM (ge6S7)
Posted by: Mr. Moo Moo at January 24, 2014 04:40 PM (0LHZx)
Posted by: Vashta Nerada at January 24, 2014 04:57 PM (/i3Yt)
Vashta we're being asked to believe the Argies devaluing what 12.5% or so set off a panic?
Why?
We'll see.... with all that free money in the pipe I think we're due a flushing
Posted by: Sven 10077 at January 24, 2014 05:03 PM (TE35l)
#threemoreyears.
Somewhere there is a point too far, and when we get there, and what happens when we do. . .
Posted by: Cowboy Klaustin at January 24, 2014 05:05 PM (if9Wg)
Posted by: Al Gore at January 24, 2014 05:09 PM (h76k4)
Posted by: Christopher Taylor at January 24, 2014 05:23 PM (zfY+H)
-
But where else are you going to go with your money? 3% yield is still better than anything any bank is offering. At least with stocks you are owning a portion of real assets that will float in the inflationary tide. Our financial problems are going to be either massive inflation or government default, not the stock market IMO
Posted by: Vashta Nerada at January 24, 2014 05:24 PM (/i3Yt)
How long the Fed sugar high lasts is anyone's guess, but I could see it taking years.
Posted by: Uniden at January 24, 2014 05:42 PM (13G+x)
http://causalitysend.mee.nu/why_the_dow_jones_index_should_frighten_you
When you look at the Dow Jones in terms of ounces of gold instead of dollars, it gets scary.
Posted by: Kristophr at January 24, 2014 05:54 PM (c6N69)
Posted by: Smantix at January 24, 2014 06:02 PM (w3clm)
Posted by: muckdog at January 24, 2014 09:24 PM (aZxcE)
Posted by: Emily at January 24, 2014 09:37 PM (7Rn+/)
Posted by: Normal American at January 25, 2014 02:28 AM (h76k4)
Posted by: janetoo at January 25, 2014 04:38 AM (DVU82)
Posted by: Richard McEnroe at January 25, 2014 05:47 AM (XO6WW)
That's the game plan. The problem is, Obamacare is on the horizon. It MIGHT have worked, were it not for this business-demolishing disaster. It was such a stupid thing to try now, but they figured it was their one shot and gosh, they're so smart and enlightened and superior they can fix it all.
Whoever is the next president is going to get a gigantic load of sewage in their lap.
Posted by: Christopher Taylor at January 25, 2014 08:23 AM (zfY+H)
Posted by: Bizarro Duck at January 25, 2014 08:38 AM (mka2b)
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Posted by: AnonymousDrivel at January 24, 2014 03:02 PM (eHIJJ)