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.
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?
Originally posted by DarthPhobos
This is some bounce back taking place now
To infinity and beyondedit on 5-8-2011 by DarthPhobos because: (no reason given)
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.
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.
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!
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.
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)
Originally posted by Fett Pinkus
Has anyone heard rumors of S&P going to downgrade the US after the stockexchanges have closed?