Dow and Nasdaq just hit 9 Month Low
DriftingByTheStorm
Posts: 8,684
Just thought i'd pour on some more defeatist sentiment.
Fun being a "fearmonger"!
Dow down 2% today, Jlew.
Know you like them percentages.
Fun being a "fearmonger"!
Dow down 2% today, Jlew.
Know you like them percentages.
If I was to smile and I held out my hand
If I opened it now would you not understand?
If I opened it now would you not understand?
Post edited by Unknown User on
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Comments
People and corporations are simply carrying too much debt and taking out risky loans.
The nasdaq has "corrected" 10% in NINE DAYS!
:rolleyes:
we are in a recession,
and its getting worse by the day.
People i talk with are predicted the dow to break below 10,000 this year.
:(
If I opened it now would you not understand?
worse by the day? what about yesterday? we were up. you never report good news. you are a fear monger and jerk off when you see red. the market is correcting. there are plenty of sectors doing well. its a stock pickers market.. the credit market and dollar are dragging us down but a recession would mean everything is down. its not.
:rolleyes:
hold me and tell me it will be okay.
If I opened it now would you not understand?
:cool:
If I opened it now would you not understand?
yea thats cool huh? why are you cheering for a recession?
i was just responding to the "we're not in a recession" comment.
the :cool:
was added,
because i always interpreted it to be a bit cynical.
a notch lower than :rolleyes:
If I opened it now would you not understand?
So, guess it's not just me being a fearmonger.
:rolleyes:
If I opened it now would you not understand?
for ever analyst who says we are in a recession there is one who says we arent.
http://www.nytimes.com/2007/12/16/opinion/16hassett.html?_r=1&adxnnl=1&oref=slogin&adxnnlx=1200086645-FXnmhqGaSpih6+MP8icrIA
instead of jerking off and patting yourself on the back for saying we are in a recession, lets talk about the reasons for such and how things can improve or get worse.
Percentage of Americans Who think we are in recession:
Current: 61%
December 52%
November - cant remember but it was 40 something
The reason for the recession is simple.
Economic cycles fueled by manipulated interest rates not set by the market will always encourage MONETARY MALINVESTMENT (look it up).
When this happens the economy is primed, out of the gates, for a recession.
There is no way to stop this except to remove the source of the problem which is government intervention in free market economic theory.
If you want to then turn this in to an argument that the gold standard caused similar cycles, i would argue that the cause in those instances was poor bank regulation and consumer ignorance.
If banks aren't forced to have real and meaningful disclosure of their books, acurate consumption can not occur.
In other words, the problems with the gold standards were really problems where banks involved themselves in risky lending practices anyhow (and without the fradulent reserve system), but the consumers were not able to make any analysis of the shape of these institutions, therefore were unable to keep their savings out of said institutions, and this caused panic when those institutions finaly capitulated.
In a world of hightech information, i would assume we are capable of more acurate reporting.
Getting the consumer to understand their OWN personal responsibility for assessing savings deposit risk is another matter.
Obviously, if the reserve system went away, banks would have to procure free market insurance against default ... and these policies would be issues to the banks after they received 3rd party independent ratings from an institution like Morningstar ... wherein there integrity and risk are weighed and rated.
You want more?
If I opened it now would you not understand?