10% of America is doing great right and 1% of American's are doing REALLY good

a reply to: toysforadults

I have a feeling this will be short lived,as the real people who control the world are hell bent on socialism,using tatics like vaccines,medications,chemtrails,face it people we will all be destroyed soon,just like all the other species that once roamed the earth,just a select few will be saved

originally posted by: toysforadults
a reply to: Aazadan

Makes no sense.

The economy made no sense in 2007 either. Everyone was spending money they didn't have.

I've developed a new strategy for gambling in the market. Forex, buying some Pandas. Love to ride that roller coaster... I don't trust the dollar.

My other strategy for gambling is to find a holdem table at the casino with drunk senior citizens and take em to the cleaners. By the 4th hand the free margaritas and meds have kicked in and the geezers can't pay attention but still try to bluff.

What world have you been living in? We have been entering the Greatest Depression. You will never recover wages until you have a correction. The bubble that is coming is pent up debt that has systematicallyhidden to exact graft and tbeft. The stock mkt is no longer a representation of middle america but the shadow mkt that was (wall street investment) is the mkt you see today. It is bound to fail as it was intended to. The correction to come is inevitable. We have been in the Greatest Depression and will be reflected in a giant bubble to pop BECAUSE of clever accounting tricks initiated by the FED to kick-the-can down the road reply to: toysforadults

originally posted by: olaru12
I've developed a new strategy for gambling in the market. Forex, buying some Pandas. Love to ride that roller coaster... I don't trust the dollar.

My other strategy for gambling is to find a holdem table at the casino with drunk senior citizens and take em to the cleaners. By the 4th hand the free margaritas and meds have kicked in and the geezers can't pay attention but still try to bluff.

you have not played very much live hold em obviously i am assuming you are playing the 1-3$ table to do this?

a reply to: Aazadan

I work part time and make $8.50 an hour and No we are not. No way I could afford a new car. Truth is I don't own a car at all.
But If I did I would have to brake the law and not have insurance on it. Couldn't afford it.

originally posted by: scraedtosleep
a reply to: Aazadan

I work part time and make $8.50 an hour and No we are not. No way I could afford a new car. Truth is I don't own a car at all.
But If I did I would have to brake the law and not have insurance on it. Couldn't afford it.

No where did I claim paychecks are going far. Yet people (including those on the bottom) are spending as if they have unlimited funds. That suggests that either there's a huge black market labor pool out there, which I don't think is the case. Or that people are living even more off of credit than they already were.

The town where I live is practically 3rd world nation status. We have a median income of $13k/year. The gorcery store is selling $20/pound steak as it's primary meat, and premade organic chicken salads that are $7 each for the vegetables. In fact, you can't even buy non organic fruits and vegetables at the store anymore. And the most telling part is that people are buying it (as evidenced by the fact they continue to sell it). That tells me that people have way more purchasing power than their wages would indicate... so we're back to the original question, where is it coming from?

I read the comments someone said a massive correction is about to come, is it? Well, I have heavily invested my saving in stocks also in exchange traded funds, do I need to worry?

a reply to: sachinbsas

If a bubble pops you'll only take a loss if you cash out, and keep the money out of the market. Given time for the market to recover you'll gain money as long as you keep your portfolio balanced.