Bumpy Ride Ahead? US Stocks Finally Down - DOW Down 360+ Points

W. D. Gann's fav day is February 4....every year a reversal day....major like or the spring reversal......drives oil up

originally posted by: conspiracy nut
a reply to: NightFlight

well you have to admit that the average american wage has been stagnant since the 70's all while worker productivity has gone up. meanwhile ceo's and upper managements salaries continue to rise. trickle down or trickle up?

Its very hard to get the accurate wage information from most companies and corporations. I can tell you that every company I worked for gave the same percentage rates for raises to the hourly and salaried workers. That means if I got 10% (I did once) the workers got 10%. When I became salaried, I still got called in and I still came in 2 hours early to see the third shift electricians and stayed over 2 hours to see the second shift workers every work day. I did get overtime and call in pay, but it was like pulling hens teeth to get it through HR. Also, when I was salaried, I had to write, what seemed like a thesis to me, once a year telling my manager what I did during the year, my goals for the next year, my weaknesses and my strong points, how I would share my good points to my workers and equals and how I would overcome my weaknesses through education or other means like job shadowing. After I wrote all this, and my manager approved it, HR then determined what my bonus would be. I got $8750 bonus one year and taxes eat me up.

My view of your opinion of the wage difference is this: Some workers just do what they have to do and no more no matter what their wages are. Some workers give a little more and become what we would call experienced workers and we would task them to train new hires. However, a few took advantage of the company educational benefits, showed initiative in their job, excelled in learning everything about their particular job and showed respect towards everyone encompassing their job. These people were fast tracked to bigger and better positions.

All this being written, I'll have to say that to answer your question is that it depends. Wages stagnate because of the worker(s) and wages increase because of the worker(s). In 1970 I made $1.60/hour. In 2008 I was making $37.86/hour (yearly salary averaged without bonuses or overtime/call in pay).

I guess what I am trying to say is no matter what color you are, how (un)educated you are, what experience you may have, if you don't or won't apply yourself in any situation or a situation that matters, you might as well sit down at your computer smoking newly legal weeds, giving the people there a sample of your uninformed albeit passionately guarded opinions.

Good Luck...

a reply to: FamCore


Well yes , because when it blows and nobody wants fiat currency, their is no real historical alternative. As long as you have transferred the fiat before the event you have preserved your wealth. They always say keep ten percent of your wealth in PM's. What's the real inflation figures doing, because if its ten per cent and your getting one percent from the bank, then you have just lost nine percent of your wealth, it has to be a main factor in deciding when its time to take some action. Especially when the Dollar is dropping at the same time.

a reply to: lostbook

It didn't 'happen' under Trump, it happened under all of us when Amazon stepped up to take over the world again.

a reply to: NightFlight

I'm taking the lie you espouse as to mean that 1% of Americans OWN 99% of America. B.S. Because they sure as hell don't own it nor control the country.

Yes grasshopper. I bet you 'keep' all your money in banks. You don't 'have' your money, they do.

Indeed the wealthy elite, the one percent, the oligarchs, run this Corporatocracy.

originally posted by: intrptr
a reply to: NightFlight

I'm taking the lie you espouse as to mean that 1% of Americans OWN 99% of America. B.S. Because they sure as hell don't own it nor control the country.

Yes grasshopper. I bet you 'keep' all your money in banks. You don't 'have' your money, they do.

Indeed the wealthy elite, the one percent, the oligarchs, run this Corporatocracy.

In 1913 the US government chose to let the Federal Reserve run our money system. The money they printed was Federal reserve notes backed by nothing but belief. FDR took the Gold from citizens and Nixon completed the task by getting rid of all paper money backed by gold or silver right after LBJ got rid of any precious metal in coinage. The money I may or may not have in banks is basically worthless. If the oligarchs you speak of have the same money, then they have nothing. Only the people, banks, governments and corporations that have a stockpile of precious metals or tangible assets like land, equipment or technology actually "own" something.

Keep believing your socialist lies. It makes for good conversation.

a reply to: NightFlight

The "Presiders" are Scapegoats. They sign documents, they don't generate them. Each measure to strip Americans of their tangible assets was accomplished by the same Banksters that got control over the nations "Money" supply in 1913.

Yes, Banksters have all the gold in their basement vaults now.
Yes, the money in Memory Banks is basically worthless.

The paper currency, the Almighty US Hegemonic Dollar, Petro Dollar and Gynormous Debt Overburden are all a direct result of The Banksters meddling in the US and World Financial Market.

That is the largest Social Welfare Engineering Construct Program on the Planet.

Who you calling Socialist?

a reply to: intrptr


It's a weird one, if your money is in a Bank it's not yours its the Banks. If I have a silver denarii in my pocket, I am free to trade at my leisure. The actual physical money has value. A paper note is an illusion of wealth, these days with many Caveats. Its the bail in laws which are a big red flag. Once a Bank just held your wealth for a small fee, now they have garnished it.

This guy cracks me up

Greenspan Warns: "We Have A Stock Market Bubble"

"There are two bubbles. We have a stock market bubble and a bond market bubble. At the end of the day, the bond bubble will be the big issue."

www.zerohedge.com...

Does he really think he's innocent in contributing to this epic bond bubble? What is this guy's schtick anyway?

What a hypocrite.

a reply to: anonentity

It's a weird one, if your money is in a Bank it's not yours its the Banks.

Weird because people accept that without even thinking. Conditioning.

"Its easier to fool people than it is to convince them they have been fooled."

a reply to: intrptr


If the west was affluent anyone with half a clue would have a supply of PM's by now, so when a new type of currency got reissued, their wealth would be left intact. But since the money has migrated up the ladder, a reset would only benefit the rich anyway. It looks like the misery will continue with an inflation model , if as they say the economy is going great, why have they not increased interest rates? simply because an increase would crash the economy because borrowers couldn't take the extra interest load. I don't think they know what to do . except put a spin on it until they cant .

a reply to: anonentity

One day, at the local Market, a head of lettuce might cost ten thousand US dollars, or one pre '64 Silver Quarter.

Hyperinflation, lessons from Weimar Republic, Germany

a reply to: anonentity

Their plan is to raise rates to at least 4% come hell or high water because Larry Summers says they need at least a 4% drop to re-stimulate the economy. Even though the economy is a cadaver on the operating table and shocking it one more time isn't going to do squat.

They're all neo-keynesians that have no clue about real economics, none of them have worked in the private sector outside their ivory tower. Most of them went straight out of grad school from some Ivy league university to working for the fed or treasury.

originally posted by: SkeptiSchism
a reply to: anonentity

Their plan is to raise rates to at least 4% come hell or high water because Larry Summers says they need at least a 4% drop to re-stimulate the economy. Even though the economy is a cadaver on the operating table and shocking it one more time isn't going to do squat.

They're all neo-keynesians that have no clue about real economics, none of them have worked in the private sector outside their ivory tower. Most of them went straight out of grad school from some Ivy league university to working for the fed or treasury.

Well that sure is reassuring! Fed funds rate currently at 1.5%, due to go up to 1.75% (if they even are able to) in March, and even then we're still not even halfway there. The Fed doesn't have a lot of options and as the US 10 year and US 30 year yields get closer and closer, the Fed is running out of time (and more importantly, the PUBLIC).

What does you gut tell you about all of this?

originally posted by: FamCore

originally posted by: SkeptiSchism
a reply to: anonentity

Their plan is to raise rates to at least 4% come hell or high water because Larry Summers says they need at least a 4% drop to re-stimulate the economy. Even though the economy is a cadaver on the operating table and shocking it one more time isn't going to do squat.

They're all neo-keynesians that have no clue about real economics, none of them have worked in the private sector outside their ivory tower. Most of them went straight out of grad school from some Ivy league university to working for the fed or treasury.

Well that sure is reassuring! Fed funds rate currently at 1.5%, due to go up to 1.75% (if they even are able to) in March, and even then we're still not even halfway there. The Fed doesn't have a lot of options and as the US 10 year and US 30 year yields get closer and closer, the Fed is running out of time (and more importantly, the PUBLIC).

What does you gut tell you about all of this?

My 'gut' tells me

Seems like a lot of people in here don't understand how any type of trading market works. Read the first few replies, looked at the stars they received, and laughed.

Very uneducated people at the top of this thread.

It was nice to see someone come in right under them and explain how it works. I almost lost faith.

originally posted by: intrptr
a reply to: FamCore

Stocks up, big tax cut, great for big business. The tax cuts went mostly to the wealthy, the hi stocks benefit mostly the wealthy, the inequality of wealth in this country remains the same.

How are things improving for whom?

Has nothing do to with any of that. There are corrections. Prices "moon", then people sell off, they drop, then either those same people buy back lower, or other people do. That's how it works.

Liberals don't learn anything in school,then they try to comment on the stock exchange,and I see them biting this BS,called a market correction,funny how milleniums will spout,"See he is for big corporations" as usual that is their assumption and you know what they say about them

originally posted by: TheGOAT

originally posted by: intrptr
a reply to: FamCore

Stocks up, big tax cut, great for big business. The tax cuts went mostly to the wealthy, the hi stocks benefit mostly the wealthy, the inequality of wealth in this country remains the same.

How are things improving for whom?

Has nothing do to with any of that. There are corrections. Prices "moon", then people sell off, they drop, then either those same people buy back lower, or other people do. That's how it works.

You might be right in a supply and demand styled market. But market speculation with the cyber world and almost instant trades, has made your type of thinking obsolete.

The bubble is about to pop, bigly. 08 will look like a sunday school picnic.

Ignore the warning at your own peril. The signs are all there! This isn't about politics; it's about market forces that apparently you can't comprehend.