I Do Not Know If You Realize But Finanacial Markets Are Crumbling

[jw]

Greece's problem is they are selling bonds for a currency they do not control

.. http://www.telegraph.co.uk/finance/f...x-evasion.html

Tax evasion is a way of life in an economy riddled with abuses, discrimination and corruption but changing habits and culture represents one of the biggest headaches for a beleaguered government trying to climb a financial Olympus in flip-flops.

Reducing the estimated €15bn (£13.2bn) that slips through the tax collection net each year is one of the conditions tied to a bail-out.

“Only the stupid pay tax,” one eye surgeon told a Greek state radio.

http://www.tax-news.com/news/Greece_Eyes_EUR60bn_In_Uncollected_Taxes____52582.html

Presenting the European Union task force’s first quarterly report on debt-ridden Greece, head of the force Horst Reichenbach underscored the importance of addressing the sensitive and urgent issue of tax collection and evasion, noting that an estimated EUR60bn (USD81bn) in uncollected taxes are still outstanding.

[sportsfanatic]

greece should just default and leave the euro

[Ernie Mccracken]

And yet, starter homes are still 8x-10x the median household income. This is still DOUBLE the price from 10 years ago when wages were only 1%-2% less.

[alling]

Inauguration Day 2008 7,949
November 21, 2011: 11,500

Agreed Obama has made wall street (the 1%) richer. Even with that its a coin flip right now that he gets relected when he should be way ahead. Not a good sign for Obama backers.

[Madison]

Look at the last 9 months or so ... climb to 12300 ... plunge to 10,600 and repeat and repeat. . You bank stock guys take a look at (XLF) ETF for banks over the last 3 years. Made a killing with SKF and SRS 3 years ago. Check that stuff out if you think this is gambling.

[jjgold]

I don't think we get back over 12000 that quick again

So much negative news in Europe

[CarpeDime]

thanks obama

[No coincidences]

So many of you are fixated on the DJIA number, which is borderline insignificant. On top of that, sure it's gone up on Obama's watch, but what has happened to the value of the dollar?

I swear, they'll inflate the DJIA to 20,000 just to make people feel safe about their 401(k)'s. Meanwhile, everything else is crumbling around them, including how much that 401(k) is actually worth.

[pickemtowinem]

I don't understand why Obama is at fault, when it was the Bush' administration (both of them) that kept printing the greenback like it was going out of style.

If you are looking at the stock market for gaining stocks, forget the current trend of looking for commodity based companies, and start focusing in on the tech heavy companies. In particular the ones that are heavily invested into by world governments.....

Any tech firms looking at geno and nano technologies, astrophysics and helio-physics are where the world governments are parking a ton of $$$. Science is the market of the future.

Most of the value has been sapped from the commodities market, the tech sector is going to be the sector that saves the markets. Globally, locally and in the grand scheme of things this is where most of the billionaires and millionaires are investing in.

Why did warren buffet just buy into RIM? because he knows it will sell to a private investor, and he will make a ton of change once the takeover is completed. (may be a sale, may be a hostile takeover- but RIM will be sold)

I am currently holding a few REIT's that are yielding roughly 8 to 14% on the year. The dividends are fairly good.
I also bought NG.TO (nova gold) at $3.60 per share about 5 years ago and have sold and bought it repeatedly over the last few years at solid profits.

As far as future tech companies go:

Here are some long term companies to keep an eye on:

Techne Corporation: NASDAQGS - TECH is the symbol.
Human Genome Science Inc: NASDAQGS - HGSI is the symbol
Seagate Technology: NASDAQGS - STX is the symbol.

There are a slew of others, traded internationally, that have superb long term value.....just gotta know what your looking for.

The american $ is over valued by world market overseers, by roughly 16%, which leaves a ton of room for the dollar to have another free fall sometime in 2012/2013.

The Canadian dollar is under-valued currently at roughly 11%, which leaves room for growth of the Canadian $.

The Chinese markets are still the place to be, sadly here in Canada, only 18% of our investment portfolio is allowed overseas. There are ways to hide it (trust funds for children, business etc....) but the governments are starting to catch on and are in the process of making tax treaty amendments that will nullify or greatly impact the profit margins we are able to get now.


Love this thread....wish I had seen this earlier.

Good to have some finance masters on the board!

[mh217]

santa claus rally coming....investors will dump euro stocks and put the money to work in us markets....gotta buy when there is blood in the streets...short side is getting crowded..market will rally from here.

[jjgold]

usually Dec market goes up

I might take a shot on Down futures

[flyingillini]

JJ, lots of places in America are suffering.. San Francisco and the economy here is not.. You need to move to a real City....

[NYRangers12]

What stocks are best to invest in for the next 20 or more years?

[jjgold]

We need a bounce back day
It's the holidays man

[darrell74]

IF YOU CAN READ THIS POST, YOUR LIFE SUCKS ONLY BECAUSE YOU LET IT.

Crumbled market or no crumbled market.

I work about 28 hours a week waiting tables/bartending and eat, drink, gamble as much as I can. I, practically, live like Charlie Harper from 2 1/2 Men.

I live in one of the three poorest states in the country.
But I seem alright. I've been doing pretty good.

Why all the complaining?

This is why I have such a hard time trying to understand why people are so furious about the country's economy.

[rkelly110]

Fck the market, so far this year, my gambling investment is up 55%. Can't find that return
anywhere else.

[Big Bear]

I'd like to see a new president just so people will stop bitching about Obama. Americans are never happy it doesn't matter who the president is. I hope whoever the next president is, is someone that everyone approves of.

[crjohnson32]

I work about 28 hours a week waiting tables/bartending and eat, drink, gamble as much as I can.

I work about 28 hours a week waiting tables/bartending and eat, drink, gamble as much as I can.

Only 28 hours a week waiting tables?

I'm surprised you can afford to gamble!!!!

So you live paycheck to paycheck?

If things continue the way they are, and America starts another undeclared war, this time with Iran.... sorry broseph, but people from your yearly income group will slowly become very very poor.

America has no money, and the sanctions placed on Iran yesterday are the first steps towards war.

It cost $1 billion a week to fight these undeclared illegal wars.

Where do you think that $ is coming from? It is being printed, which decreases the value of the dollar and makes inflation higher. Typically this would also driving interest rates up in a free market, but America is in so much debt they have to keep interest rates low.

My friend, America is bankrupt, we have more debt than any country in the history of time. After the failure of the super committee to make cuts our credit rating is going to be downgraded again. After the first credit downgrade the markets had the worst fall since leahman brothers went belly up in 2008.

$1 trillion dollars cut over 10 years is a joke. That would be like if you owed your bookie $15k and told him you'd pay him $1000 over the course of 10 years.

In that kind of economic climate, over time there is only 2 types of people. The very rich, and the very poor.

[darrell74]

Settle down, you're too angry.
IF YOU CAN READ THIS, YOUR LIFE ONLY SUCKS BECAUSE YOU LET IT.

[crjohnson32]

Settle down, you're too angry.
IF YOU CAN READ THIS, YOUR LIFE ONLY SUCKS BECAUSE YOU LET IT.

My life doesn't suck, I make 3x more an hour as you and work twice as many hours a week. I'm young, single, in great shape, and have money. Basically think of your life if you had a better job and more money and that's where I am.

One major difference is I am politically, and economically aware. Your are not. You are what the 1% wishes all the 99% was.

[darrell74]

[jarvol]

Here are some long term companies to keep an eye on:

Techne Corporation: NASDAQGS - TECH is the symbol.
Human Genome Science Inc: NASDAQGS - HGSI is the symbol
Seagate Technology: NASDAQGS - STX is the symbol.

TECH is down 25% since summer and 5% in the last week.
HGSI is down 75% since summer and 16% in the last week.
STX has gone nowhere is down 9% in the last week.

By all means by stocks when they are going down and hope you catch falling knives without cutting yourself. Excellent strategy.

[neverstoppers23]

What is ****** up is a country like French has a higher credit rating then us, but have way more immediate problems then us.

[big0mar]

Only 28 hours a week waiting tables?

I'm surprised you can afford to gamble!!!!

So you live paycheck to paycheck?

If things continue the way they are, and America starts another undeclared war, this time with Iran.... sorry broseph, but people from your yearly income group will slowly become very very poor.

America has no money, and the sanctions placed on Iran yesterday are the first steps towards war.

It cost $1 billion a week to fight these undeclared illegal wars.

Where do you think that $ is coming from? It is being printed, which decreases the value of the dollar and makes inflation higher. Typically this would also driving interest rates up in a free market, but America is in so much debt they have to keep interest rates low.

This is just absolutely and patently false. Just stop. Do you not pay attention to any economic indicators? We are on the verge of deflation.

Just remember that someone will get to pick up all the diamonds left in the rubble once the rest of the world collapses.

[crjohnson32]

Just remember that someone will get to pick up all the diamonds left in the rubble once the rest of the world collapses.

We are on the verge of complete stagflation, not deflation.

And of course we will pick up the pieces after an economic collapse, but it won't be our dollar that saves us, it will be the 70% of the worlds gold supply we have that saves us.

Do you really think that if we were to add up all the American money in circulation it would equal all the gold we have at $1700/ ounce?

Gold will go up to something like $7000 /ounce. And gas prices will go through the roof. Only the very rich will be able to fly.

[big0mar]

We are on the verge of complete stagflation, not deflation.

And of course we will pick up the pieces after an economic collapse, but it won't be our dollar that saves us, it will be the 70% of the worlds gold supply we have that saves us.

Do you really think that if we were to add up all the American money in circulation it would equal all the gold we have at $1700/ ounce?

Gold will go up to something like $7000 /ounce. And gas prices will go through the roof. Only the very rich will be able to fly.

gold is collapsing. Its absolutely worthless. You realize people are fleeing gold for the US dollar right now. Just another manufactured bubble to take money from ignorant people like you.

Sometimes I feel like people like you don't actually participate in the markets, just recite what you hear

If you truly believed what you're saying, put your money where your mouth is

Betting against inflation has been a goldmine the past few years (pun intended)

[MTek]

That's what you guys get for electing a president to show the world you're not racist anymore.

This financial crisis has BUSH written all over it

Obama is Like Jim Carreys character in "Fun with Dick and Jane" ... he's just the fall guy
Oh yeah, that Perv Clinton is the one who lifted regulations on the banking industry .... how'd that work out for ya ?? !! ??

BTW... I didnt vote for Obama ... but I will this time

[jjgold]

Stil down over 100 today

Common now

When is it going to stop?

[jarvol]

This financial crisis has BUSH written all over it

Obama is Like Jim Carreys character in "Fun with Dick and Jane" ... he's just the fall guy
Oh yeah, that Perv Clinton is the one who lifted regulations on the banking industry .... how'd that work out for ya ?? !! ??

BTW... I didnt vote for Obama ... but I will this time

So by this logic.....if Bush solely "did things" to cause the financial crisis then why hasn't Obama reversed those "things"?

[pickemtowinem]

TECH is down 25% since summer and 5% in the last week.
HGSI is down 75% since summer and 16% in the last week.
STX has gone nowhere is down 9% in the last week.

By all means by stocks when they are going down and hope you catch falling knives without cutting yourself. Excellent strategy.

I'm young enough to play risky. Im not retired or looking for fixed income investments. These companies are invested into by the governments and militaries of the globe. Come back in 52 weeks and tell me where they are compared to today's closing prices.
Genome technologies are being sought and invested into. These companies have, like most in the market taken hits.....consumer fears of a falling market continue to cause investors to sell and take losses. These companies I listed were not for buying today and selling tomorrow,but to keep and hold for a while. Being young and aggressive has it's risk....that's where i stand now. I'm not looking for a dividend check in the mail every quarter......I'm looking for companies that have lost face value, but hold solid books, and futures potential. These qualify. Keep an eye on em. I promise you will be surprised.

[Thunder Gulch]

Very much like 2008. I'm not blaming Obama now, anymore than I blamed Bush in 2008. There are too many complex issues to do so. However, we are in much the same spot as 3 years ago, so it's fair to say Obama has been an ineffective leader in turning the economy around.

[big0mar]

Very much like 2008. I'm not blaming Obama now, anymore than I blamed Bush in 2008. There are too many complex issues to do so. However, we are in much the same spot as 3 years ago, so it's fair to say Obama has been an ineffective leader in turning the economy around.

There is very little the President can do to turn the economy around.

[mh217]

Fck the market, so far this year, my gambling investment is up 55%. Can't find that return anywhere else.

true but you can buy a hundred grand worth of a stock with some confidence, cant really do that betting sports.

[NYRangers12]

options and shorts

[pickemtowinem]

options and shorts

puts and calls keep it safe too!