The Market Is Crumbling

[King Mayan]

nice talking point but doing business is not cheap now and hidden fees like the tax stamp increases and overall hikes for notary fees (costs of doing business) coupled with the ridiculous repatriation of funds from global business...I could go on and on.

I'm coming at it from operations that make up 78% of the businesses.....you're right about 'corporate' welfare though...guess that's why GE's boss is Obama's guy who paid $0.00 in taxes on profits all the while encouraging the rest of us to spend spend spend what profits we have and just go broke in the mean time...and just last week GE announced they are opening up another shop overseas

so you're blaming obama for stamp hikes and notary fees, sorry pal everything went up in $$. The price of a 5 gallon primer went up 8 dollars, I ain't blaming anybody... And if I recall Obama just tried to get rid of tax loopholes??

[King Mayan]

How's that one working out. Jobs numbers coming out tomorrow....let's see how the friday close looks afterward.

Weren't you just complaining about the Holiday payroll tax??

[thejanitor]

GET OUT


Quit being so damn stubborn

Cashed out last year.

Are we going to see one of those crazy 300 pt. upswings in the closing hour like back in '07 '08? (Dow)

If you're bearish on the S&P we're looking at what? 1050/1100? then 750?
(just a general question. interested in the sentiment of the board)

[itchypickle]

so you're blaming obama for stamp hikes and notary fees, sorry pal everything went up in $$. The price of a 5 gallon primer went up 8 dollars, I ain't blaming anybody... And if I recall Obama just tried to get rid of tax loopholes??

Read my previous post....not saying it's all on Obama.....it's on all of the members for not taking up the fundamental issues dealing with business. I was just pointing out that 'corporate welfare' is thrown around so easily by those who think that every business owner is a Bob McDonald or Jim McNerney. I know a few owners around here who's employees net worth is the same if not higher than theirs due to the last couple of years. But if you wanna stick to the 'help the millionaires/billionaires' and 'kill granny in her sleep' generics I can't convince you with specifics on the ground.

[Dutch]

All the small investors are going to sell in a panic and all the big money players are going to buy after everything has fallen and gained in value.

Then the market will rise and all the small timers will buy back in. Fuking idiots buy high and sell low.

MONEY TO BE MADE HERE!!!



P.S. A lot of you guys suck at stock market threads. You big d*ck studs rule at political threads tho'.

[itchypickle]

Weren't you just complaining about the Holiday payroll tax??

I want it extended or even shifted to the business side for certain sized / star up companies. I'm not one of the low tax no tax all the time types. I go based off what's good financially for the atmosphere at the time. Obama was correct for including them in the stimulus but at the same time they need to be longer of restructured since the overall plan did not work with the spending ...not to mention it evens out to a net loss due to prices of goods bought by the same people who got the cuts. And now the prices are still going up and we're talking about letting the payroll cuts expire?? See where I'm going with that?

If the cuts went into effect and saved $100 for a worker.....but the next month it costs him an extra $91 to buy food/gas...he really only saves $9. Fast forward to now we are talking about taking away his extra $100 and it's now going to cost him $115 for the food/gas bills.....so he's now in the whole even worse

[pavyracer]

jjgold on Sunday night: "Buy Dow Futures"

[Cougar Bait]

Like every other investor I got buried today. Apparently job reports matter. You'd think our "smart" politicians would know that.

Just another reason why less government is always better.

[CarpeDime]

He jests, boys.

Please keep in mind Loshak is a deeply committed liberal, pinko hippie. He only travels back to the US for the Coachella Festival once a year. Staunch conscientious objector.

opie you have seen my handicapping, you know what I am capable of

does that seem like the handicapping of a liberal to you?

[jjgold]

Are there bargains now??

[DwightShrute]

they are on sale

[Brock Landers]

we are all fukked

[itchypickle]

Are there bargains now??

Pork futures were a good buy today - that's about it.

[EmpireMaker]

nice try pal. 2.5 years of failed economic policies and wasteful spending by Obama. Spin it all you want but fewer and fewer are buying what you're selling.

[opie1988]

we are all fukked

Wrong. Sorry if that makes people feel better about their own situation.....but not everyone is fukked. I 100% guarantee there will be some unreal opportunities created from this correction and sell-off. I also guarantee I'm going to be ready to take advantage of some of them. I've been saving capital, impatiently waiting for the right deals to present themselves.

Fortunes are made in a recession. There's no arguing that point.

Good luck, pal.

[King Mayan]

Pork futures were a good buy today - that's about it.

I like talking to this muthafukka, info left and right.

[itchypickle]

I like talking to this muthafukka, info left and right.

I'm good at many things but great at nothing It's a hard balancing job but pays off overall.

Multitasking is where it's at

[Monitor-Tan]

Wrong. Sorry if that makes people feel better about their own situation.....but not everyone is fukked. I 100% guarantee there will be some unreal opportunities created from this correction and sell-off. I also guarantee I'm going to be ready to take advantage of some of them. I've been saving capital, impatiently waiting for the right deals to present themselves.

Fortunes are made in a recession. There's no arguing that point.

Good luck, pal.

Any advice opie on what we should look for when recession hits to make that killing?

[Kaps]

SELL SELLL SELLLLL ....dow will be below 10k within the next month
short the dow futures and will make a killing

stock mrket should only be at around 9200

[itchypickle]

I just hopped on SH @ 43.95 for 130 shares. Best of luck boys! I'll close out before 3pm est tomorrow.

[Monitor-Tan]

SELL SELLL SELLLLL ....dow will be below 10k within the next month
short the dow futures and will make a killing

stock mrket should only be at around 9200

What do u mean by Short the dow futures?

[jjgold]

Bonds souring

its keep going

down 500

[Brock Landers]

Bonds souring its keep going down 500

The Sky is falling!!

[jjgold]

I just bought gold futures
small position

[onlooker]

I just hopped on SH @ 43.95 for 130 shares. Best of luck boys! I'll close out before 3pm est tomorrow.

I'm not a market guy. So...

What is SH?

[itchypickle]

Up around $100 unrealized in less one hour....might close it out after hours if I can sniff some aftermarket action.

[RealSlimShady]

I just bought gold futures
small position

You finally capitulated, covered your short gold position and are now going long???

[itchypickle]

I'm not a market guy. So...

What is SH?

Inverse ETF ---basically it goes up as the S&P goes down. I love ETFs especially when I can find 2x 3x leveraged ones.

** an ETF is like a mutual fund that trades like a stock so it's cheaper and easier to buy/sell on a short notice**

[pavyracer]

You finally capitulated, covered your short gold position and are now going long???

No he cashed his Dow Futures he bought on Sunday night. They gave him 3 pennies for them and now he bought some fool's gold.

[onlooker]

Inverse ETF ---basically it goes up as the S&P goes down. I love ETFs especially when I can find 2x 3x leveraged ones.

** an ETF is like a mutual fund that trades like a stock so it's cheaper and easier to buy/sell on a short notice**

I did a Google search, but wasn't sure.

This?

ProShares Short S&P500 (ETF)

[jjgold]

You finally capitulated, covered your short gold position and are now going long???

I have had my share of loses recently, got some back the last few days on eur/jpy

bought gold 25 minutes ago

[ferndog]

What do u mean by Short the dow futures?

Shorted those since last week...too late now....market has gone down way too fast....

[itchypickle]

I did a Google search, but wasn't sure.

This?

ProShares Short S&P500 (ETF)

Thats it.

[rsnnh12]

Republicans rather have corporate welfare than give tax breaks to the middle class like the Obama stimulus.

You're joking, right? The Bush tax cuts that Democrats hated so much did more for the lower and middle class income tax rates than they did for the rich.

Unbelievable how brainwashed some people can be.

[Dark Horse]

The economy never recovered since 2008. The Dow went up because the banksters printed money out of thin air and handed it out to their cronies, who bought up stocks on the cheap. Nothing else changed. So now we're back to square one, with nothing solved since 2008.