Work hard. Save your money. Invest in your 401k and stocks. Play by the rules. Buy a house and be a part of the American dream. Homes and stocks are the best investments you can ever make. Trust your government and business leaders. Capitalism and the free market work best. Go ahead and take out student debt, there will always be great jobs for you in America.
So, time for the final cataclysmic stock market crash? Or does that look like an epic double-bottom to you?
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39 comments:
Is the stock market really a massive ponzi scheme?
If you consider 1950 to 1980 the normal trend line. Then we still have a long way to go to revert to the mean.....
My eye sees 500.
But look at that post-dot-com low. If we breach that, head to the bunker.
If we bounce off of it forcefully, put your rally cap on.
Probably never a more important time in stock market history than right now.
What will it be? What will it be?
And will anyone ever trust their money with Wall Street or banks again? Or are we looking at a lost generation of investors?
I'm redirecting my kids into politics and finance. That way they may be able to scam their way to wealth like our current crew.
I told the kids to become amish...
My lady and I are not going to have kids. Here's why... many will end up in gangs.
And what are the parents going to say about it?... "No Johnny, you shouldn't be a runner for Joe the local dealer because it's wrong and if you study hard, you might to able to get that electronics engineering job.. oh nevermind, those jobs have moved to Korea. Ok, work for Joe but try not to hold up any convenient stores, it makes us look bad."
Funny Double tops don't usually double bottom... Maybe it channels but looks like here comes SPX500 to me.
The arrests start at 200 when they arrest the people who kill the people that should have been arrested.
I just wish GWB had succeeded in allowing me to invest my social security in the market.
Funny how that works. The tech bubble was possible by crooked techies, you know, the ones who now try to be righteous and judgmental about EVERYTHING. These crooked and greedy geeks from Silicon Valley got a pass, all forgotten. Next time you hear these crooks whine - who now belong to the cult of Obahhhhma - you punch them in the mouth.
PS: If I hear Alex Lindsay talking about his pathetic trips to Zimbabwe, I'm gonna puke. Ooooo, you so international, Alex. He should substitute Christopher Walken as "The Continental". Man, that San Fran crowd is sooo full of $hit.
looks kinda like satan's horns...
I can't believe that over 2 years ago I did a little google search to find out about the housing bubble, found HousingPANIC and now I believe THIS:
Barack Obama Hitler Youth Comparison
http://www.youtube.com/watch?v=HSWt7hOYYLY&feature=related
Just wait and see...youth camps.
"How will we explain this to the children?"
We somehow managed to put the gull in gullible.
Then there's this:
They are going after the children.
http://www.youtube.com/watch?v=lhQ_lEiaNT8&feature=related
Its looking like 500. Red cross on the macd started yesterday.
Well,
How do I explain Europe’s history and how it is still ‘Today’ providing unconditional moral support to Homicidal maniacs, to my children?
Explaining material financial boondoggles is easy.
How do you explain to your children that the Eurotrash put our aunts, uncles, cousins brothers and sisters on freight trains shipped them to gas chambers then put them into ovens?
Explaining material financial boondoggles is easy.
I'm going to put it all in my new book: Poor Dad, Poor Dad
Investing in the stock market was never such a great proposition anyways. Do the following homework:
1. Look at the average annual returns of the S&P 500 or the DJIA and then record it. 2. Take the average annual income and for simplicity's sake, invest 30% of the gross income into the stock market. 3. Add in the gains or the loss (depending on what the annual return was for that year). 4. Now pick a time horizon/investment period, for example, 1950 to 1980 or 1930 to 1970 and see what kind of results you get.
I did the above process for a research paper in one of my college classes. The conclusion was that even if you invest for the long term, sometimes you lost a lot of money and sometimes you made money, but not enough to retire on.
This concept of investing your money via a 401K or a Roth IRA or a regular IRA and putting it in every month (dollar cost averaging) enriches: your financial advisor if you have one, your mutual fund company but not the most important person; YOU!
For anyone who disagrees with me, I challenge you to do the above homework! Do it and see the results for yourself!
Hey, if you want Peter Schiff to run for Senate:
www.schiffbomb.com
"If the American people ever allow private banks to control the issue of their currency, first, by inflation and then by deflation, the banks and the corporations that will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
It looks to me like it would go to 500, retest 750 and then back down again (300 maybe?)... a classic double top.
The truth is that 401Ks, IRA accounts, 501Ks, etc have nothing to do with capitalism.
On or around April 23 for European Meltdown.
Stay tuned.
I'm not rich enough to have kids or get a woman, but if I was, I'd teach the kids to be accurate marksmen and teach the wife not to follow the teachings of Helen Gurley Brown(Cosmo nutcase).
This is what I will tell my kids when they are old enough to understand:
"You see the left half of that chart? That's what to expect."
What is there really to explain?
Anon February 20, 2009 2:08 PM, thanks for doing the world a favor. The last thing we need are more hand-wringing liberal freaks in society.
The last freak like you I heard from was not going to have any kids because global warming would decimate the planet in 20 years. Now that it has gone to global climate change (after global warming, which followed global cooling), this tool wishes he could have kids but missed his chance because his wife left him for another guy who is sane.
Hey Keith, does the above ring a bell? ;)
The 401K is the biggest scam that has been played to date. It's a brilliant way for the govt to keep its citizens poor. You've just witnessed a whole decade of earnings erased within months. Poof. Gone. At this rate, it will take 17 years minimum to recoup what has been lost in the market. Many will never recoup. Yet, people continue to pour money into this rathole with the "buy and hold" mantra delivered by Suze Orman and company, never once bothering to put pen to paper to see what a lame investment it really is.
My kids will get the memo on this one. There are far better and more transparent ways to grow your wealth. Just ask mom.
Didn’t this Jewish guy already die for all our sins?
And how do I explain the virgin part of the story to my kids?
hmmm
Two Names:
George W. Bush and Dick Cheney.
PUNISH THE GUILTY
I think we're toast......it's absolutely sickening. There is no confidence left and I believe we
are finally in the capitulation phase. My wife and I have given up.
"A crazed horde of housing gamblers, flush with funny money, bid prices up to insane levels...
Then they were no more."
"the "buy and hold" mantra delivered by Suze Orman and company"
Good One, LOL, The broke and destitutue former waitress from the Buttercup Bakery in Bekeley once living in brothers her van now giving investment 'advice' to the Sheeple... and them TAKING IT -Bwa ha ha ha ha...
What a Nation of F*cking Clowns.
America: Turd World Nation of Nothing and Serial Nobodies...
What I saw with the 401ks was that every person was investing in the other person's company. It's so convenient because you know about your company, but not the other's. It's like blindly investing into a Madoff fund and not caring about how the money is being made and returnd.
So that's what 401k's were all about. Shuffing of money unsuspectedly by crooks on wall street. Risk management my arse.
Oh man, I'm gonna be even busier. First it was the wave of starving realtwhores, now this. Imagine what a pair of cheap D&G shades and a couple Mojitos will buy you:
"(Herald) Faltering economy means lean times for SoBe models
With the looming shutdown of modeling agency Irene Marie, young models are reminded that stable work -- like beauty -- is ephemeral."
http://tinyurl.com/c8y5ku
Don't you worry models, Papi is coming...
I explain it with 3 li'l letters...
S - D - S
It was very good to me, today. I hope to re-enter after the PPT works its magic next week.
Market up, market down,... it's all good. I just hope I can turn some of that 'good' into tangible goods before it's too late.
We'll explain it the same way every generation has explained the great lessons of their time to the next generation: "blah blah blah, I'm old, blah blah blah..."
Dow to gold ratio hit 7.4 today, on its way to 3 or 5.
See you at Dow 6000 Gold 2000! YA BABY!
"...Don't you worry models, Papi is coming..."
¡Órale vato!
You know what... I think it's all 'subliminable' as Dubya said.
Americans have been eating at McDonalds for so long, they just don't feel at home until they see the golden arches.
Even to the point where the stock charts gotta have a Big Mac!
Same as the Greeks
Icarus,
Coconutz!
"We'll explain it the same way every generation has explained the great lessons of their time"
A 'Nam Vet I knew, decided not to have kids and he retired to Thailand, on his military pension, and wrote about his experiences in the war. So the Hemingway path is available.
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