Markets today..

cashmcall said:
I think that these markets are the most dangerous I have seen in years because nothing is working. The Bond market is dysfunctional. Tech is slugging down, healthcare is in a shambles. Retail is the only thing that works and the small business sentiment is abysmal. And then you have King Obama playing politics again with the bush tax cut extensions. You can always rely on king Obama and his acorn styled training to keep everything up in the air...​
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BO & friends are destroying the economy. That is why he IS the DESTROYER. In his arrogance, he thinks destroying the economy is a GOOD thing. Hopefully the American people will see that he does not get a second term.

But, this HAS happened before. FDR did much the same things BO is doing back in the 1930s resulting in the Great Depression. FDR prolonged the suffering until thousands of young man gave their lives in war....and thankfully FDR died, otherwise the depression likely would have continued for as long as that rat bastard occupied the WH.
 
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Gipper said:
BO & friends are destroying the economy. That is why he IS the DESTROYER. In his arrogance, he thinks destroying the economy is a GOOD thing. Hopefully the American people will see that he does not get a second term.

But, this HAS happened before. FDR did much the same things BO is doing back in the 1930s resulting in the Great Depression. FDR prolonged the suffering until thousands of young man gave their lives in war....and thankfully FDR died, otherwise the depression likely would have continued for as long as that rat bastard occupied the WH.
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^^The man understands and knows history.^^
Obama needs a big-ass war--like democrats always do. If given the time and opportunity--he would engage the nation in this--in a heartbeat.
 
Johnny Tremain said:
^^The man understands and knows history.^^
Obama needs a big-ass war--like democrats always do. If given the time and opportunity--he would engage the nation in this--in a heartbeat.
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I agree that BO would gladly embroil the nation in another war costing thousands of American lives and lots of treasure, if it meant he would win re-election. But, hopefully the American people are smart enough to see through such an attempt.

Some think the Israelis will strike Iran before the election. If they do, this could give BO his chance at an October surprise.
 
As I scanned the horizon today, I asked myself if there was anything worth buying that won't be a lot cheaper in a month. The answer was no. Hedge funds with their idiocy have destroyed the operational efficiency of the markets and their last boost up to lure the idiots into the market has failed so they are going to take it on the chin again. ​

Hedge funds forget that they are responsible for the fear and the thinly traded markets and now they have themselves in a Wilie Coyote situation where they ran off a cliff and are now standing in the air looking down into the canyon. Acme stock trading. ​

Today's the kind of day when the only hope is the reading of the Fed minutes which to any reasonable person is like a beatnik reading poetry in a lounge chair at best buy. It is out of context and looks silly. ​

I still think we need a nice calm 500 point drop in the Dow to pull the hedge fund froth out of the markets and put us in a more fitting sambo styled mood. In reality, with sammy sambo, the "Conomy" will tank and tank and tank and all the hedge funds and bloomberg working in unison can't spray enough perfume on the stink weeds. The markets need to come to reality that savior Obamais going to ride the economic sled into the ground and there is noting, no read of the Fed minutes or anything else that can change the absolute reality that we are headed into a massive 2012 or 2013 recession. Mr. Ben Nackie is out of bullets. ​
 
Economic Slowdown gaining speed. There is bloomberg this AM pitching another fed article that Ben Nakie will save the world again with QE III. But even today Buffett was crying that the US economy is slowing pretty fast. Try... slowing to a dead stop. ​

This is the business world's reaction to Obamacare and Romney's inability to attack obama. Businesses are going to contract and squeeze Obama's baseball head in a vice. Ben Nakie has no tools. We are already at zero interest. And its not just here. Europe is in a deep recession getting worse, Japan is back in recession, India is stopping cold, Australia is stopping cold, China is slowing and Brazil is reducing interest rates again, so far nothing has been effective. ​

Its early too. So Ben Nakie might be able to flood the globe with Tepper styled euphoria and fill JPM and GS's pockets with cheap speculative money but it won't last through August. ​

Two days ago Obama made it abundantly clear he was going to play politics, acron style with the Bush tax cuts and taxes in general. So there have been plenty of warnings to Obama but now it seems the Amateur has blundered again as the weight of the economy and class warfare are ready to let the US economy and its Keynesian fraud go into the sea. ​

I have been warning for the last there weeks to move to large cash positions even on my website. For flippers it doesn't matter. Its not time to speculate because Ben Nakie will undoubtedly try to trap the shorts but he will not stave off the recession. This one is barreling on. ​

Its amusing. The bond market is actually tightening and moving to all time low yields. So if low interest rates are not working how is it that more push on the bond market will work. It won't. ​

Also the markets are not low. Hedges are in there in anticipation of Ben Nakie. So they will make every attempt to get out and the only way they will get out is pretend Fed action. ​

Buffett is out in the news because he knows what his derivatives will do to Berkshire if they snap. They could bring all of Berkshire down with them. That would be enjoyable to me to watch Buffett, get ripped to shreds by the hedge funds. Buffett is not too big to fail and he is up to his neck in these derivatives and his pocket Senator Ben Nelson wrote and exclusion into the law so Buffett would not need to back up his derivatives with more capital. So at risk is all of Berkshire. I like it when Capitalism rewards stupidity. ​
real investors should be playing the bear and reducing positions in bear rallies and holding onto cash. Ben Nakie will try to catch the shorts off guard so there won't be much in the way of shorts to cushion a fall. It is a tricky market but play it conservatively with enlarging cash reserves. ​
 
Cashcall - what do you think about all the cities declaring bankruptcy and there are another 10 that will run out of money next month? They all blame the same things - pensions and the housing market
 
It is always curious when cities promise far more in pensions and benefits than is even remotely feasible.
This is econ 101 stuff. It is the lies. lies. lies--demanded and believed by union members that are causing it all.
A Hobson's choice--and well deserved to both!

Just raise property taxes 800% and the problem is solved so the union members can buy second and third homes to live in after retiring at age 45.
 
Slow relentless August styled drag down. This is hardly a sideways market. The prospect of another 4 years of Obama is making the market vomit repeatedly. So down we go. It is also obvious that liberals aka socialists stand for tax increases so I am fine with the financial​
cliff and rinos made that deal with the libs and I want to see those across the board cuts put in place. The so-called fiscal cliff is the first step in the right direction. The only ones howling about spending cuts are liberals. ​

This game will be played out to November. Obama is in a bipolar moment right now and he has gone way off the deep end. Now its time for capitalism to start ripping the fenders off socialism. I would expect the markets will drop to around 11K by the end of august as it becomes more and more clear that a recession is upon us. ​

Also spending cuts will cut gov overhead which will ultimately benefit the country unless of course you are still believing in Keynesian economics​
which has been nicely debunked over the last 4 years with trillions of dollars spent for essentially nothing. Here we are still foundering with zero % interest, and more deficit spending that in the history of virtually all administrations combined, and the entire globe is sinking into a global recession. And the US is still entrusting the family fiances to a pot smoking crack slinger. I would say that's a formula for disaster. ​

On a sad note, Wall Street bids farewell to Barton Biggs who died at his home over the weekend following a short illness. He was an investment​
giant and always a reasonable ethical guy. RIP. ​
 
The Democrats are threatening the Republicans in congress that if they don't go along with their tax increase plans, that they are willing to let the economy go "over the cliff" with letting ALL Bush tax cuts expire. 'What do you say? I say it's going over the cliff sooner or later anyway (as the tax increases will only pay the bills for 8 days).
 
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Cruella said:
The Democrats are threatening the Republicans in congress that if they don't go along with their tax increase plans, that they are willing to let the economy go "over the cliff" with letting ALL Bush tax cuts expire. 'What do you say? I say it's going over the cliff sooner or later anyway (as the tax increases will only pay the bills for 8 days).
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"Robbing Peter--to pay Paul".
 

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