reply to post by loam
Thank you Loam.. that was one of the most inciting postings I have read on ATS in god knows how long..
When I got off work (I work for one of these big banks right now..... and for some reason They do not allow news to be watched on campus?) anyways, I
get off work, I had read your thread in the morning and all day we where debating whether or not the markets would be up .. or down .. I said down
maybe 100 points at the most.. I mean, it cannot get beaten two days running? ... my God.. I literally cannot say what I said out loud when I got home
and saw my Etrade market streamers flashing red all over and it says -508 ...
Where will it hit bottom? I am usually pessimistic when it comes to the markets, I trade more conservative then most, and hold off buying when ever I
even get the inclination the markets will take a hit.. but even this today surpasses my range of comprehension ..
The DOW is nearing 8,999 with accelerating speed..
FIVE YEARS of economic advances wiped out..
Top news story? Who will win the debate...
I sent a letter to CNN which I USUALLY defend as being the fairest and most honest news network .. I would post my E-mail but most of it would break
censor rules.. don't want to ruin Loam's thread now..
I have never given into fear.. never promoted it.. I always with my threads and posts declare rationality king above all else.. fear only generates
fear, and fear causes irrationality. A cycle of self destruction .. I am sure most of us have seen the ATS thread where a member went around asking
banks when the bank holiday was and posted a thread saying all the banks where shutting down on Monday .. (Columbus Day) .. fear distorts our rational
way of thought, creating fictitious scenarios that arouse more fear, coupled with stronger irrationality, where do you draw the line from reality, and
a world you develop around your self with self imposed lies?
But now.. I have to wonder.. when do we, through rationality, begin to fear? Panic? And if it arouses irrationality, is it possible to rationally
The DOW nearing 8,999 so fast, makes me wonder.. the handle we have on our Capitalist system, how strong is it? Are these interventions being used to
secure the wealth and capital of a few, while the masses are being prepared for slaughter? Financial doom? EVER action our government has taken has
benefited no one but themselves.. from proposing a bill that rapes our constitution, to raping the bill that rapes our constitution, politicians get
what they want, in this dillerious wilderness they live in.. we see through them, powerless, watching our 401k's and mutual funds and private trading
accounts drop like rocks..
All the while the headlines read "Fed to loan hundreds of billions ... Treasury to buy hundreds of billions .. World countries unite to infuse
hundreds of billions.."
In the hopes that through some obscene, undescribed way trickle down economics will help us? That in the end WE benefit.. that WE, we the people
cannot exist with the like of Bank of America, Chase, Berkley, Royal Bank of Scotland, Fortis, etc, etc, etc ..
So I really, really have to ask.. have to ponder, WHEN do we start FEARING, through rationality, embrace irrationality and protect our selves from
this system? .. I for one .. am very close to pulling all cash reserves from my bank, taking all funds from the market and hiding in my closet for the
How bad will it get, and when will to bad be bad enough to make things ..... really bad?