It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

BLACK FRIDAY? - 05 Aug 2011

page: 10
51
<< 7  8  9    11  12  13 >>

log in

join
share:

posted on Aug, 5 2011 @ 11:17 AM
link   

Originally posted by TommyG
I'm patiently waiting for this sell off to start... then I'll start investing and set myself up for retirement. Its a pretty simple game guys. There are emotional investors, and smart investors... emotional ones buy high, and sell low... then smart investors... ones who walk in and buy everything after the prices bottom out and just hang onto everything and bank on the value held. You really don't have to sell a thing... ever. It's like Real Estate... you borrow against the value of the capital. Pretty simple way to make money from money.

Borrow, reinvest, borrow, reinvest. The money is coming out of thin air anyways, the interest is paid by them, you just get to have a bunch of money to play with along the way.

Sounds fun eh?



You really think you are seeing the bottom after today with absolutely no positive information coming on the horizon? You are a brave man and I wish you luck.




posted on Aug, 5 2011 @ 11:21 AM
link   
This is some bounce back taking place now

To infinity and beyond
edit on 5-8-2011 by DarthPhobos because: (no reason given)



posted on Aug, 5 2011 @ 11:21 AM
link   
reply to post by WickettheRabbit
 


There are other, faster growing foods than bananas. And you probably have other skills that would be helpful, but none of that is the issue. Again, the fat pigs that own ALL the wealth, do absolutely nothing but sit, and delegate. That's it. Everything else is done by working class, people like you who fix the computers we use to communicate, and do business, and link up with the farmers, and the truckers who distribute the food, etc. etc. The numbers game on Wall Street is nothing but elaborate gambling, it does nothing to promote our survival, it just puts more of the money that is generated by the people, in the pockets of the elite few, who have rigged the game to where they can NEVER lose, but we all can, even if we don't play. We don't need it.



posted on Aug, 5 2011 @ 11:27 AM
link   
reply to post by 27jd
 


I think we're going to keep talking around each other on this one. I don't we're arguing, but I think I'm a little more pessimistic about the results of a crash affecting the working class. Rather than the rich falling and the little guy winning, I see a lot of increased scavenging by everyone.



posted on Aug, 5 2011 @ 11:30 AM
link   

Originally posted by DarthPhobos
This is some bounce back taking place now

To infinity and beyond
edit on 5-8-2011 by DarthPhobos because: (no reason given)


Bargain hunting. Just my opinion.



posted on Aug, 5 2011 @ 11:33 AM
link   
reply to post by WickettheRabbit
 


Well, I'll be optimistic, and together we'll be yin and yang, lol. That's the balance we need, between the working class and the elite class. There is not enough balance in regards to wealth/resource ownership. We fought to put an end to royalty calling all the shots, but went right back to it. We need to outlaw any private interest giving ANY money to politicians, first and foremost. We see bribery, right in front of our faces, and because they give it a legal sounding name like "campaign contribution", people on the whole don't think twice. That, in itself may be enough to balance things out a bit...when the government is actually working for ALL the people, as intended.



posted on Aug, 5 2011 @ 11:54 AM
link   
Oh goody goody gumdrops . . . the DOW has now moved into positive territory . . . with somewhat of a vengance . . . bolstered by a bullcrap jobs report with a side of 'greek bailout' to keep the bankers happy.

Lordy me . . . I'd best be heading out to buy that new car and swizzle a few grand down the hopper at the casino because all the scary nasty things they said yesterday and today clearly have to be 100-percent horsie-dungo because it's all rosie and good and Mr. Obama said good things about nothing much in general so we know he really cares and we're all safe from harm and free to go out and spend Spend SPEND . . .

I fell so relieved I could just poop myself.



posted on Aug, 5 2011 @ 11:58 AM
link   
reply to post by GoalPoster
 


But of course, that is your duty as a patriotic american in a consumer based economy. but be thankful you don't live in a third world country like China!! where the people there are forced to work for wages that will buy them only a few thousand dollars / pounds / euros of goods each day when they come on holidays, to our first world countries. Oh those poor people!!!



posted on Aug, 5 2011 @ 12:03 PM
link   

U.S. stocks pared losses amid speculation the European Central Bank was preparing to buy Italian and Spanish bonds to halt the region’s debt crisis.


Bloomberg

Sorry, they really are clutching at straws here! buying bonds to halt the debt crisis in Spain and Italy. HALT the crisis. More like prolong.

The mantra here seems to have got stuck like a record. Just keep pushing it out. maintain the illusion of prosperity as long as possible. Regardless of the fact that it will make the final collapse of the unsustainable system so much harder!!

No it wont halt the crisis. it throwing useless printed deflated currency into a black hole to pay imaginary usury interest on money already lent. It's a circle, and they keep falling for it!! the only laughing here are the banks.
seriously the whole lot of them need to be abandoned on a small atoll in the south pacific. preferably on owned by France, and a favorite for nuclear testing!



posted on Aug, 5 2011 @ 12:23 PM
link   
reply to post by JakiusFogg
 


Sorry to disappoint, but a relatively good jobs report has the market rallying.



posted on Aug, 5 2011 @ 12:30 PM
link   
reply to post by NewAgeMan
 


Smoke and mirrors my friend. smoke and mirrors. The 0.1% drop in unemployment was attributable to people leaving the labour force. meaning people that could have worked but had no job, suddenly retired, died or otherwise "left" the workforce.

Hmmm coupled with the run of down days now has the MSM crying that this is the worst run since 1970's!! and that we should strap in as this trend is going to run for a "couple of weeks".

5/9 of the guys that define recession now believe that we're heading back into one. (as if the world actually came out in the first place)

it just feels like 2008 all over again! all we need is a catalyst like say oooogg Bank of american to go plop. and we're all back on the roller coaster again, but this time all the tools have been used. So I guess it time to use Mickey's Mystery tool. (That's a surprise tool that we can use later)

all together now!!

OOOOHHH TOOOOODLES!!!



posted on Aug, 5 2011 @ 12:45 PM
link   

Originally posted by TheRemedial

Originally posted by TommyG
I'm patiently waiting for this sell off to start... then I'll start investing and set myself up for retirement. Its a pretty simple game guys. There are emotional investors, and smart investors... emotional ones buy high, and sell low... then smart investors... ones who walk in and buy everything after the prices bottom out and just hang onto everything and bank on the value held. You really don't have to sell a thing... ever. It's like Real Estate... you borrow against the value of the capital. Pretty simple way to make money from money.

Borrow, reinvest, borrow, reinvest. The money is coming out of thin air anyways, the interest is paid by them, you just get to have a bunch of money to play with along the way.

Sounds fun eh?



You really think you are seeing the bottom after today with absolutely no positive information coming on the horizon? You are a brave man and I wish you luck.


ECB coming out and saying they will buy up the bad debt. There is your good news.



posted on Aug, 5 2011 @ 12:51 PM
link   

Originally posted by JakiusFogg

U.S. stocks pared losses amid speculation the European Central Bank was preparing to buy Italian and Spanish bonds to halt the region’s debt crisis.


Bloomberg

Sorry, they really are clutching at straws here! buying bonds to halt the debt crisis in Spain and Italy. HALT the crisis. More like prolong.

The mantra here seems to have got stuck like a record. Just keep pushing it out. maintain the illusion of prosperity as long as possible. Regardless of the fact that it will make the final collapse of the unsustainable system so much harder!!

No it wont halt the crisis. it throwing useless printed deflated currency into a black hole to pay imaginary usury interest on money already lent. It's a circle, and they keep falling for it!! the only laughing here are the banks.
seriously the whole lot of them need to be abandoned on a small atoll in the south pacific. preferably on owned by France, and a favorite for nuclear testing!


OK . . . lemme see if I've got this right . . . Lets just say my name is Mr. Spain. I've run up several nasty credit card bills living waaaaaay beyond my means and I've got no liquidity to pay the nut on them. So, I find somebody to issue me another credit card to use to pay the vig on the previous credit cards which, in a rather short period of time will only add to my troubles when I eventually max out the new card at which time I'd have no liquidity to pay the nut on them. So, I find somebody to issue me another credit card to use to pay the vig on the previous credit cards which, in a rather short period of time will only add to my troubles when I eventually max out the new card at which time I'd have no liquidity to pay the nut on them. So, I find somebody to issue me another credit card to use to pay the vig on the previous credit cards which, in a rather short period of time will only add to my troubles when I eventually max out the new card at which time I'd have no liquidity to pay the nut on them. So, I find somebody to issue me another credit card to use to pay the vig on the previous credit cards which, in a rather short period of time will only add to my troubles when I eventually max out the new card at which time I'd have . . . a big old puddle under my chair because eventually I won't be able to find anyone else to give me a new credit card.

Now, my brother . . . lets say his name is Mr. Italy and he's run up several nasty credit card bills living waaaaaaaay beyond his means and he's got no liquidity to pay the nut on them. So, he finds somebody to issue him another credit card to use to pay the vig on the previous credit cards which, in a rather short period of time will only add to his troubles when he eventually maxes out the new card at which time he's got no liquidity to pay the nut on them. So, he finds somebody to issue him another credit card to use to pay the vig on the previous credit cards which, in a rather short period of time will only add to his troubles when he eventually maxes out the new card at which time he's got no liquidity to pay the nut on them. So, he finds somebody to issue him another credit card to use to pay the vig on the previous credit cards which, in a rather short period of time will only add to his troubles when he eventually maxes out the new card at which time he's got . . . . um . . . .

I'm no Adam Smith, but WTF . . . . is this what our whole existence is based upon . . . . if so, I'm glad I taught all my reproductive soldiers to swiim TOWARD the light because what we're doing to the next generation (s) is downright friggin' criminal.

Or maybe I'm just piddlin' down my leg for nothing.



posted on Aug, 5 2011 @ 12:52 PM
link   
reply to post by JakiusFogg
 


it's a fantastic time to have already been piss poor. That way, if wall street falls, the only way I would know is to read about it here.



posted on Aug, 5 2011 @ 12:56 PM
link   
reply to post by network dude
 


This is true. you can't lose what you don't have. But it can make you pay more for what you need.

Unless you live on a farm!!



posted on Aug, 5 2011 @ 12:57 PM
link   
reply to post by GoalPoster
 


Succinct, eloquent, to the point and more importantly SPOT ON!!

Star for you, you economic mastermind you!



posted on Aug, 5 2011 @ 01:08 PM
link   
Has anyone heard rumors of S&P going to downgrade the US after the stockexchanges have closed?



posted on Aug, 5 2011 @ 01:10 PM
link   

Originally posted by JakiusFogg
Smoke and mirrors my friend. smoke and mirrors. The 0.1% drop in unemployment was attributable to people leaving the labour force. meaning people that could have worked but had no job, suddenly retired, died or otherwise "left" the workforce.


It doesn't matter, investors were expecting a big uptick in unemployment and had already priced it into the market in the last week. When the big uptick didn't materialize, they realized the market was oversold and are now buying back in. I predicted yesterday that if the unemployment news wasn't horrible that the market would drop in the morning, gain ground around mid-day and then lose ground into the close as investors get rid of positions heading into the weekend (investors don't like to hold positions into the weekend when there's a lot of volatility). I was right on 2 out of 3 of those, we'll see if the 3rd come true later this afternoon. I also predicted that there would be a rally early next week, again because the pundits are all saying the market is oversold at this point. I still think the overall trend is flat or slightly downward and will remain so until the next election. People in general are confused about the future and the current administration exacerbated that confusion with their paralysis and indecision over the debt ceiling. We are a consumer driven economy and people don't buy when they're worried, and they will remain worried unless and until there's solid direction in Washington over how to solve the debt crisis.


Originally posted by JakiusFogg
5/9 of the guys that define recession now believe that we're heading back into one. (as if the world actually came out in the first place)


Defining a "recession" is not a matter of opinion, it's a simple matter of looking at the numbers. A "recession" is simply two or more quarters in which the country's GDP contracts. When the GDP moves back to expansion, the country is no longer in a recession. We entered a recession in December 07 and it lasted until June '09. So we were back in expansion mode in July '09 and have been since then. The problem with defining whether or not we're in a current recession is that we do not have "live" GDP tracking, it takes a few months to determine GDP so we can say whether we were in a recession last quarter (we were not), but cannot determine it for the present quarter. Based on current info it does not appear that we are in one at this time though.

By the way, the fact that we have not been in a recession for quite a while certainly does not mean we have a robust economy going, we don't. We're barely scraping by, and as a result we're quite susceptible to another recession. The jobs situation had not improved in this recovery, and you've got to have people working to drive a consumer-based economy.



posted on Aug, 5 2011 @ 01:14 PM
link   

Originally posted by Fett Pinkus
Has anyone heard rumors of S&P going to downgrade the US after the stockexchanges have closed?


If you heard that then it's bogus. S&P is a stock index. They don't determine credit ratings. You'd have to look at a firm like Moody's for that and Moody's has already reaffirmed the AAA rating since the debt ceiling bill was passed, but they're keeping us on a negative outlook (opening the door to a future downgrade).



posted on Aug, 5 2011 @ 01:15 PM
link   
reply to post by SavedOne
 


I am just relating what was put out by CNN ( i know I know) but its what the "people" are told to believe. That is there in fact a group of experts who look at the data and have the last say on when a recession is "official" and when it has "ended" apparantly!



new topics

top topics



 
51
<< 7  8  9    11  12  13 >>

log in

join