what the fvck is going on in Wall Street. Man, I'm scared. The US economy is heading down some hard times. For people who don't have shiit ,its no problem, but for someone who's worked hard and got a little something to show OUCH. Gotta think this gets worse as with all domino effects. Oil- $101.00 barrel WTF. Housing, what Housing. The trickle down effect has begun like I tell my friends we've been in a recession for 4 months now. The sad thing is I'm stuck in the mud. Have all my money tied up so I cant take advantage of some foreign company's. I don't know about u guys but I see real bad times ahead boys and girls.
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Hope things work out for you Happy Boy...unfortunately I would have to agree with you. I am young and don't really have much but it still worries me as well.Comment -
I really don't see an immediate end to any of this, either. The cost of living continues to rise every day while our wages do not follow suit. Pretty soon, people will resort to stealing a loaf of bread and being condemned to 15 years in prison.
Perhaps moving to Canada might be a good idea after all.Comment -
I trade currencies and have made a shitload....with each passing day the dollar slides, the more I make jigga....Comment -
DDD....buy it. youll make $
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We're beginning to pay the price for our failing foriegn policy. O.K. shady housing practices are also adding fuel to the fire. Still the bottom line is the average individual is going to have to live within a budget, sometime our society as a whole doesn't encourage. I don't see any easy solutions either.Comment -
This will make little to no differance... At some point soon we will become one region called "The North American Union" and I am sure this will not make "Lou Dobbs's" day... He just hates the idea... Well too bad!!
Canada, U.S. agree to use each other's troops in civil emergencies
I see housing in three phases...
Phase 1: Investors blow the bubble and begin the popping..
Phase 2: People losing jobs and having the home foreclosed...
Phase 3: People who have NOT lost their job giving up the home voluntarelly because they are in "Negative Equaity" and will walk away from their homes... This phase is JUST starting!
Housing once it hits bottom will be flat for a while because of the scaring effect it will have on people... You should know as gamblers that when you get waxed you are scared to try that same thing again...
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We're sending our jobs to India, buying faulty goods and services from China, dismantled our manufacturing capacity (the very industry that made us strong - outside of slavery), launched a pointless war that we simply can't afford, borrowed trillions from Dubai, China, Japan, Germany, Saudi Arabia - we buy everything on credit, the government's weak, a fool in office, broken borders (the virtual fence doesn't work), loose immigration policy where foreigners receive more social aid than the citizens (Top two welfare recipients in NYC are Chinese and Jews), utterly dependent on oil, even our "green initiative" is bullsh*t (rather focus on developing ethanol from corn instead of sugar because we don't want to make South America rich - even though sugar ethanol production is considerably cheaper)...
Hold your liquid savings in Euros, tangible holdings in gold, and apply for citizenship in another country.Comment -
Its cyclical. The economy goes through cycles. It will go down then come back up. It will always come back up more than it will go down though. The historical ROI for stocks in the USA is around 10%. This includes the great depression and every other recession. Don't worry about it. Stick through it. If you are well diversified then you have nothing to worry about.
Every time a recession comes there are the doomsdayers saying the US is doomed. Imagine what they were saying in the great depression. "The US is going down, we will never be the country we once were". What happened? We bounced back stronger than ever.Comment -
My daytime job is a Financial Advisor for a large investment company. We are recommending for people to short the market. Example: you can purchase a fund that will make money when the market goes down. Market down Friday 315pts your short fund would be up. Let me know if you want some more details.Comment -
You can still trade in and out of positions. Plenty of volatility to take advantage of. Or sell weakened companies, and add to strong companies that have come down with the tide but with their fundamentals in tact. Great time to add to positions.
This has been the theme since July, so I think we're at least halfway through it. In any case, trade... (don't buy and hold).Comment -
I have lost so much money it is not even funny in the market. The one thing that saved me is I bought a house in Santa Barbara 10 years ago and I have made a few hundred k on it.המוסד
המוסד למודיעין ולתפקידים מיוחדים
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You all should have been anticipating this last summer. The market moves like the queen Mary and takes a long time to turn one way or the other. People in mutual funds are ****ed. If you own rental property good for you. If you have a mortgage payment that is going to reset soon, for god sake get your ass in and try to nogotiate a better reset rate. If it already reset and you can't afford it, take the hit and go bankrupt now and get it over with. If you have cash, you should have been buying gold. Gold never increases its value but it sure does retain its value unlike the dollar.
I think on Monday I will start a basic charting class for everyone kind of like how Robyn has a sex class. It will be fun and it is way easier than you think. A 10 year old could do it and has. That is when I taught my kid to start in the market.Comment -
Wall Street is inherently corrupt and set up to steal money from the public.
Example. If a stock trades in the 70's, and experts start to push it, setting a target of 120, then you can pretty much bet your ass that it will go up to 90 before the bottom drops out. The pump and dump game is what makes Wall Street money, and that money comes out of the public's pockets.
Wall street boys can also attack whole sectors (there is money in short selling) by attacking the strongest stocks in those sectors. If those go down, so will the rest. Don't take my word for it. Check the Cramer video on this page. http://www.basherbusters.com
Today short sellers have the initiative. They know that any bad news is good for them, no matter if that news has value or not. Bad news means sell, means dropped price, means profit. If you don't want to play that game, just pick up those stocks cheap after the kneejerk.Comment -
Your right there horse of darkness. Usually be very concerned if you hear about a stock coming from CNBC or FOX. if you look up a stock and it is recommended for a buy. Its probably a sell item and vice versa. You cannot trust anything that you hear from anybody on wall street. Use a chart because they can't fake that and that is all you need to determine whether money is coming into a stock or coming out of a stock. That is all you care about. Not that there going to China or they have a shit load of cash and they are buying back stock, I don't care about that shit. Only where are the boys with the money (Goldman will Sack you, JP Morgan, etc...) are putting the money. Generally the money rotates around from sector to sector, and once you learn to identify where it is going next, then the investments will start growing for you in any economy.Comment -
When the market is down...buy more...
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