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The "up-to-the-minute Market Data" thread

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posted on Mar, 5 2009 @ 11:33 AM
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Sooo...

If I had say 50,000 or so in an IRA - and I've lost like 45%+ on it right now - should I cut an run - take the penalties and put it in Gold or Silver or a mix?

Or should I hold long term for a bump when the NAU (or other Global Economic agreement) comes in?

(I'm being serious here - I mean - didn't the EU official introduction cause a good bump for European markets for a while?)

Any advice would be greatly appreciated...



[edit on 5-3-2009 by TruthMagnet]




posted on Mar, 5 2009 @ 11:37 AM
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I just came across the Fractal Timing Report. Interesting!
Fractal Timing Report

Sure, it could be complete B.S. but it is interesting nonetheless! If I have time after class tonight I will try to plot the output of the report to today's charts as a little experiment.

[edit on 5-3-2009 by nydsdan]

removed some info because I read the FibWatch site incorrectly.


[edit on 5-3-2009 by nydsdan]



posted on Mar, 5 2009 @ 11:39 AM
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Have you guys noticed that there is always a small to medium bounce around 12:30 to 1:30pm on the markets? Is this a time to buy up undervalued stuff or what? Seems odd that it happens all the time on days when we are sliding...PPT?

P.S Hub said that after the week I have had watching all of this "bs" in his words I need a break...
Went and got me a bottle of VERY nice champagne and dinner on him....


[edit on 5-3-2009 by xoxo stacie]



posted on Mar, 5 2009 @ 11:42 AM
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reply to post by TruthMagnet
 


You're not going to retire. And I would not normally offer this advice but your retirement investment is NOT safe. You're going to need some survival gear and maybe some gold and silver coins. But for the love of God don't keep it in the stock market. Find other currencies to denominate your assets.



posted on Mar, 5 2009 @ 11:58 AM
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reply to post by xoxo stacie
 
I don't know about buying, but, maybe it's just a post-lunch nice fuzzy feeling, before heartburn sets in?


[edit on 3/5/2009 by Hx3_1963]



posted on Mar, 5 2009 @ 12:02 PM
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reply to post by TruthMagnet
 
You might try a little of that...IF ya did pull it and some of the advice on the last page...

As stated, I have nuttin' in anything...and glad I got out when I did...

Other than that keep yer eyes & ears open...

Dow Jones Industrial Average 6,644.22 1:03pm ET -231.62 (-3.37%)
Seem to be having a hard time holding a bottom...


[edit on 3/5/2009 by Hx3_1963]



posted on Mar, 5 2009 @ 12:06 PM
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reply to post by projectvxn
 


Sooo - you don't see this "allowed" crash to be a part of the Problem->Reaction->Solution for a new monetary system?

I just assumed that they took their hands off the steering wheel so that they could be the ones to pick up (and re-order) the pieces once it crashed.

(many people studying the SP&P agreements speculated that a limtied economic crash would be one way to increase acceptance - and fast track - a new North American Currency agreement)

And to do such a thing they would have to step in before everyone lost everything - so I don't think they'll allow a true Global meltdown imho...

I say this because your advice seems to be tied to Survivalist advice - and I think the last thing they want to do is keep people to poor to afford a Digitally Enhanced Hypno-Box in every home...

Interviews with fromer Mexican President V. Fox, and with Greenspan, seem to imply such a strategy as well.

And - as for these assets - I got out of the market back in 2003 - this is actually for a buddy of mine (who, unfortunately, only recently "woke up")

Do others agree that pulling out now is the best option??



posted on Mar, 5 2009 @ 12:10 PM
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Hold on to your hats folks Obama is speaking.



So lets see what it does.....

edit - its about health care reform so I predict a delay before everything drops.

Disclaimer - this is not investment advice.

[edit on 5-3-2009 by Hastobemoretolife]



posted on Mar, 5 2009 @ 12:11 PM
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reply to post by TruthMagnet
 


Things like this don't happen overnight. In term of switching currency. China's silver backed Yuan will likely be the world new reserve currency due to value and volume.

If you wanna know where your retirement is going take a look at this:

What's Dead (Short Answer: All Of It)



posted on Mar, 5 2009 @ 12:11 PM
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reply to post by TruthMagnet
 
I'm guessing it's a matter of faith/trust...

Does he trust "them" to get this right before he's broke?

Ya might want to look at my 2009 thread...does that look encouraging?


All this talk of GE/GM/JPM/F/BofA/C/ect sounds like it's starting to snowball...I don't know if the Gov can take all that + this new omnibus/stimulus/ect...they're gettin' overwhelmed at this point I think...running from conference/meeting to conference/meeting...crazy...I don't think they can keep track anymore...


CNBC doesn't sound to hopeful for Citi...saying even day traders have mostly given up on it...


[edit on 3/5/2009 by Hx3_1963]



posted on Mar, 5 2009 @ 12:34 PM
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reply to post by Hx3_1963
 


Ok I have a question, let's say I have an IRA and just moved it into a Money Market. Is the money market somewhat a safe place? Or is that at risk as well?

As in would a wise move is to take it out take the hit and pay the taxes.



posted on Mar, 5 2009 @ 12:38 PM
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reply to post by Hastobemoretolife
 
According to that article you posted...he doesn't trust anything at this point...when it slides, they'll claim imminent domain on all of it...


I'm really at a loss who to believe anymore...utter chaos...

Dow Jones Industrial Average 6,646.45 1:38pm ET -229.39 (-3.34%)
S&P 500 INDEX,RTH 687.01 1:38pm ET -25.86 (-3.63%)

Gold $928 now...

[edit on 3/5/2009 by Hx3_1963]



posted on Mar, 5 2009 @ 12:41 PM
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The only thing they can do is replace all paper money with electronic money.

Without credit cards there will be no fast recovery from this point.
Shops are empty, pockets are empty.

They must reactivate credits.



posted on Mar, 5 2009 @ 12:43 PM
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reply to post by Hastobemoretolife
 


I'd say take you money out of anything that can be traded.
Invest in solid assets like commodities, and currency. Money market has a few safe sectors but not many.



posted on Mar, 5 2009 @ 12:44 PM
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I did similar Hx3_1963 in Oct...am waiting and watching hoping I'll have a clue as to "when" to pull it all and take the hit.

PLUS,with the Bloomberg article yesterday regarding the possible issues with FDIC,I am running scared all the way 'round.

Thinking tin box out in the field ,LOL!

I pulled out of the market before it went crazy but have been steadily losing a lot monthly on long-terms and retirement accounts that will slay me in taxes in I pull it all out...would it really matter at this freakin' point though?

It would be nice after busting my a** for 25 years and "doing it all" the "right way" to have just a bit left?

Edit to my post (new chic here,hope this is okay to do?) :

www.abovetopsecret.com...

Says that they just said on CSpan that the "FDIC will NOT be able to insure by years end..."

Great,this will get people off the couches I think.




[edit on 5-3-2009 by irishchic]



posted on Mar, 5 2009 @ 12:46 PM
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reply to post by Hx3_1963
 


I guess really when you think about it nothing is safe. You can pull all the cash out, but if everything starts failing inflation is going to sky rocket and the money won't be worth anything.

I have a feeling he is purposely trying to crash the economy so he can "nationalize" all the businesses and that way we can be good government slaves.

That is what is look like is happening, just as expected the markets are dropping after he gets done talking. In one statement he talk about all this feel good stuff then as soon as he walks off stage he goes and does the opposite of what he said.

I guess he figures he will be able to get away with declaring himself dictator and turning America into a socialist Utopia. That isn't going to happen when the globe suffers complete economic collapse he'll get kicked out of power.

This is not good. At all.

The Nas is back down 42 points
The S&P is down 27 points
The Dow is down 244 points

It isn't looking good at all.



posted on Mar, 5 2009 @ 12:48 PM
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Whoa, did Denninger just go on record with a full-blown Situation X prediction?

I need a drink...

[edit on 5-3-2009 by theWCH]



posted on Mar, 5 2009 @ 12:51 PM
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I'm truly beginning to think that the "predictions" that Monday may indeed be a landmark day might just be viable.

I'm a realist and logical but it's all happening so rapidly,I am starting to feel like I'm not living in my own life.

I've been an investor for over 20 years and every single thing I THOUGHT I knew to tbe "true" is failing.

I am glad I found this site,it's sanity for me right now to know I'm not alone.



posted on Mar, 5 2009 @ 12:56 PM
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reply to post by fullmoonfairy
 


4 inch PVC with caps on both ends works GREAT for burying in the yard


Seriously.

You both need to look at what you have and what you need. I would seriously take some funds and pay ahead 6 months on everything, rent/mortgage, electric, gas, water, cable, car insurance, etc.

That will give you at least a little security. Then continue to pay the regular bills knowing you still have a "float"

Do you have enough food stocked up? medicine? Pet food? etc. Again, a 3-6 month float should be had.

you can always invest in some gold and silver coins - if you can find them.

Send him to Market ticker Today's posts should turn him white as a ghost. Will also work as a great place where you've been getting info


But seriously the 2 of you need to sit down and really discuss what you want to have and/or be able to do in a SHTF situation - then follow a plan to get yourselves there.

Sorry for your loss.



posted on Mar, 5 2009 @ 12:56 PM
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Originally posted by theWCH
Whoa, did Denninger just go on record with a full-blown Situation X prediction?

I need a drink...

[edit on 5-3-2009 by theWCH]


care to share a link
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