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STOCK MARKET HELLGATE

Deadly Sushi

Deadly Sushi

The One, The Only, Sushi
SUPER Site Supporter
BUY GOLD!! Buy precious metals when the market opens TODAY on the 22nd. We are going into a major recession.
Look, Im not into finance but I AM into common sense. This market will crash and we will be stuck in a HUGE adjustment / recession.

This has been leading up to this point I feel for the last 6 years.

Who is to blame is another topic for another day because Im too tired and I have to get some shut-eye.

Buy precious metals!!!!!!!
 
T

Trakternut

Active member
The trouble with our economy, now, is that it's based on credit. Should the prime rate be too high, nobody builds or buys, which has a ripple effect on down the line. Construction industry feels it, so do the folks who manufacture furniture and appliances. Automakers take a hit, which idles workers. You get the picture.
The stock market, IMHO, has been riding a false high for some time. Maybe it's time for a reality check! Trouble is, when it crashes, so do 401K's, effectively hurting folks' retirement plans.
 
Melensdad

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
GOLD Site Supporter
Fed cut the prime rate by .75 basis points. That should pump some money into the economy!
 
Cityboy

Cityboy

Banned
BigAl said:
Bandaid fix . Buy Gold .
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The time to have bought gold was before the dot.com bust. Gold is setting records in price and what comes up, must come down. Seems a little late to be buying gold by my thought process. Stocks and real estate will be bargains over the next 5-7 years.

But then again, who can actually predict these things with certainty and consistency?

One things for sure, I won't be borrowing money right now regardless of the rates.
 
Gatorboy

Gatorboy

Active member
As the value of the dollar falls, gold goes up. So, while the dollar is falling, gold is a good bet. As soon as the dollar starts to get strong again, sell your gold.

I'm not a financial advisor, but I did stay at a Holiday Inn Express last night.
 
Deadly Sushi

Deadly Sushi

The One, The Only, Sushi
SUPER Site Supporter
I'm not a financial advisor, but I did stay at a Holiday Inn Express last night.
Click to expand...
:yum: :yum: Good one! :thumb:

I also agree. I dont see the dollar getting stronger anytime soon. :(

Convert your dollar to the Euro. :hide:
 
RoadKing

RoadKing

Silver Member
Site Supporter
Cityboy said:
The time to have bought gold was before the dot.com bust. Gold is setting records in price and what comes up, must come down. Seems a little late to be buying gold by my thought process. Stocks and real estate will be bargains over the next 5-7 years.

But then again, who can actually predict these things with certainty and consistency?

One things for sure, I won't be borrowing money right now regardless of the rates.
Click to expand...

I bought mine at $ 316. I wish I could have bought more
 
Bobcat

Bobcat

Je Suis Charlie Hebdo
GOLD Site Supporter
Sush, you need to look at trends over a longer period...


Oh crud, nevermind.
 

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Deadly Sushi

Deadly Sushi

The One, The Only, Sushi
SUPER Site Supporter
Anyone buy any precious metals lately? :ermm:
Anyone invest in the Euro lately? :ermm:

I wish I did :doh:
 
mtntopper

mtntopper

Back On Track
SUPER Site Supporter
This next few weeks are going to be very interesting with the stock market and possible federal government bailout of the mortgage banking industry. I would not doubt if we do not see some banks closing their doors or being closed by the FDIC as too many have ridden the housing market boom and it is now bust time for many home mortgagees and banking institutions holding mortgage notes.

The short-term uncertainty about Freddie Mac and Fannie Mae — which together hold or guarantee half the nation's mortgage debt — was to an extent relieved on Sunday. Federal officials again threw their support behind the government-sponsored enterprises; the Treasury pledged to expand its current line of credit to the two companies and the Federal Reserve said it will provide additional loans if needed.

"The credit crisis has obviously entered into a new phase — the government has one bailout left in them, and this is it," said Jeffrey Gundlach, chief investment officer of TCW Group in Los Angeles, which invests $160 billion.

"One consequence of Freddie and Fannie is that other firms are allowed to go under," he said. "If you couldn't get your act together after four months of unprecedented financing terms, maybe you don't deserve to be thrown yet another lifeline."

Financial companies' reports of writedowns of troubled debt are likely to increase this week as some of the country's largest institutions, including JPMorgan Chase, Merrill Lynch & Co. and Citigroup Inc., report second-quarter results. That trio has already taken a combined $73 billion in write-downs since the credit crisis began last summer.
 
Deadly Sushi

Deadly Sushi

The One, The Only, Sushi
SUPER Site Supporter
9/19/08 12:21 PM EDT

“What you heard last evening is one of those rare moments — certainly rare in my experience here — was that Democrats and Republicans decided we needed to work together, quickly,” Dodd said.
The solution being proposed by the Bush administration is the most expensive bailout in the nation’s history, sharply curtailing the ability of the next president to push for tax cuts or new spending.

Congressional leaders tell Politico that to expedite the rescue, Treasury plans to seek additional authority rather than creating a new entity. The plan involves buying up hundreds of billions of dollars in bad mortgages to take them off the books of financial institutions that otherwise might fail.

Sen. Richard Shelby of Alabama, the ranking Republican on the Banking Committee, told “Good Morning America”: “I figure it will be at least half a trillion. But if you look at what the Fed has already done [by rescuing insurance giant AIG], and the extension of power to Treasury to deal with Fannie Mae and Freddie Mac, I believe we're talking about a trillion dollars.”

Some Republicans are expressing concerns about writing essentially a blank check to the Bush administration.
“They're lurching from one crisis to another,” Shelby said. “They don't seem to have a superplan to deal with this. ... We want to see the plan. This is not a done deal yet. But we know there's crisis, there's stress, in the financial markets that we haven't seen in, say, 70 years.”

Some conservatives are balking even more bluntly.

Sen. Jim DeMint (R-S.C.), a member of the Joint Economic Committee, told the Los Angeles Times: “What is missing from it and from the recent string of bailouts is a commitment to return to a free enterprise economy. ... What we need now is not what could be nearly a trillion dollars in new taxpayer bailouts but pro-growth policies that allow our markets to correct and start growing again.”

http://www.politico.com/news/stories/0908/13602.html


So..... we are going to print more money now? Bring the Dollar down even MORE? Inflation will rise. A lot.

From MSN: http://articles.moneycentral.msn.com/Investing/Dispatch/market-dispatches-091908.aspx
For many investors and traders, it was as scary a week as any had seen in their careers, and many experts said the crisis was the most serious since the Great Depression.
For short sellers, who have made fortunes this year betting against financial stocks, however, it was a deeply maddening end to the week. Many were forced to cover positions quickly, often seeing big profits vanish quickly.
UltraShort Financials ProShares (SKF, news, msgs), an exchange-traded fund that shorts financial stocks, was down 15.8% Friday before trading was halted for two hours. After trading resumed, it ended down 13.4% to $100, with 19 million shares changing hands.
The great irony for the week: When the markets closed on Friday, the Dow was down just 0.7%. The S&P 500 was off 0.6%, and the Nasdaq lost 0.6%. For the year, the Dow is still down 14.5%, with the S&P off 15.3% and the Nasdaq off 15.2%.
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The US Government is coming in and screwing with the natural flow of the market at all of our expense. This is good... and bad if you ask ME.
I really expect things to get much worse within a year.
 
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mtntopper

mtntopper

Back On Track
SUPER Site Supporter
Deadly Sushi said:
Well this was a great post months before it happened VIA MtnTopper! :thumb: Good call!
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When I posted this back in July, I never imagined the depth of the financial/banking crisis that is now just beginning to take place in the country. Who could have imagined the feds actually jumping in and bailing out private business/banks with our tax dollars and not even thinking about the costs to the citizens and future generations that are being screwed over twice? I say let them flop like a fish out of the water and die as any other lousy run free enterprise businesses that fails should.......:thumb:

No doubt we are headed for ruin as a country of free enterprise as the socialist mentality of government interference of "one for all and all for one prevails today".........:furious:
 
Deadly Sushi

Deadly Sushi

The One, The Only, Sushi
SUPER Site Supporter
BUY GOLD!!!!!!!!!!! :hammer:

This market will get lower. After the Xmas season the market will get smashed. Put your money in oil. Put your money in healthcare but buy gold. Am I WRONG here?!?!?

Who sees this market getting better in 7 months?!?!

If the Govt spends $25 BILLION dollars for GM and others, in 6 -8 months they will burn through the cash. They have not ONE single car that is good in this economy in the plans... on the take. This is money that will be a float for them. Its INSANE!!!!!!!! After that they will ask US FOR MORE of OUR money!!!!!! BULLSHIT!!!!!!!!! It will take these companies at LEAST 2-3 years to get back and that is HOW much in TAX DOLLARS to keep them going!?!?!
Folks, they WILL go out of business and there will be at LEAST 1 MILLION folks MORE unemployeed. Thats within 1.5 years. Do yourself a favor and get your money OUT or invest in precious metals.
 
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Deadly Sushi

Deadly Sushi

The One, The Only, Sushi
SUPER Site Supporter
Snowcat Operations said:
Buy food. Long term storage. Buy guns and ammo. Find a nice safe place to hold up.
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I agree a billion percent buddy!!!!!

(what are you guys doin for Xmas :ermm: )

DOW Jones to at LEAST 7200. Dont dick around folks. It will happen after this January. Depending if the Big 3 get bailed out it could go LESS.
Where is Big Al? :(
 
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