The sign of a market bottom will be when total panic and despondency is in the air.
When everyone you know is scared.
When gold is all anyone can talk about.
When NOBODY in their right mind would ever buy a stock again, and rushes to sell everything they have, at any price.
When it looks like capitalism will not survive.
But who knows, maybe this time there will be no bottom. Maybe this time is different. Maybe this time, it will all fall apart. Maybe this time, all wealth will be lost, all stocks will go to zero, all currencies will fail, all jobs will be lost, millions will die, and neighbors will fight neighbors for food.
The fact that you'd even consider that should either scare you sh*tless, or make you hopeful that we're seeing the bottom right about..... now.
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68 comments:
HELTER SKELTER!!!
It's coming down fast.
HELTER SKELTER!!!
Look Out Angelo. Hunt the Piggies.
HELTER SKELTER!!!
Don't be scared.
It's time for revolution!
The banksters are making their move on the USA. They've looted the treasury with the bankster bailouts, they've bringing the troops home to prepare for martial law and gun confiscation, they are imploding the economy and bringing in the hardcore police state.
Now is not the time to be scared. These are just a small group of criminals at the highest levels of government and they will be defeated.
What we need to do is become informed, turn off the boob tube which feeds you a constant stream of BS and propaganda from these same criminals, inform others and use awareness and the political process to oust these criminals from their positions of power.
Americans have been dumbed down, fattened up and distracted for decades but every American needs to remember what it means to be an American. It's not about apple pie, football and Hollywood. America is about fierce independence, individual liberty and the rule of law - the Constitution!
That's what America is all about! That's what brings so many people from around the globe to America.
Let's stop being scared and let's bring on the Second American Revolution!!!
Today I will be making a sizable investment in lead and brass. Hopefully they wont pay dividends but with each passing day it seems more and more like a sure thing.
Good luck to all. You're gonna need it.
Keith said:
"But who knows, maybe this time there will be no bottom."
This sucker is not going to be U, L, or V shaped. This beast has no recognizable shape--not in the alphabet known to us!! Maybe something like a Chinese sign that says "you're fu*cked!"
Huh? Gold? Inflation? Shortages?
None of these are topics of mainstream conversation in my little burg. Liberals are still in the afterglow of the November 4th fornication festival, and anyone who dares raise a question about the New Deal is labeled a "hater". Conservatives don't like what they see but most haven't yet put two and two together about their future. Trouble is brewing at a subliminal, pre-conscious level. It could erupt at any time but right now, it is hidden and contained in a general mood of denial.
In terms of market sentiment, I've seen much worse. The mood in 1974 and 1982 was worse. We have a way to go before we reach that level of despondance.
Los Angeles is losing a highly rated talk radio station today.
Gold took out the S&P, which is only the third time in 80 years this has happened. The first time was during the 1930's Great Depression. The second time was during the 1970's Great Inflation (which shows that gold works in both inflation and deflation)
Gold is on its way to knocking out the Nasdaq, then its going for the Big guy, Mr. DOW Jones.
Hot damn this is exciting! God, I love my gold.
We told you to get out of the market (including the AAPL fools), stay in cash, buy gold, and sell the house at the peak.
Don't come crying now.
It'll get much much much worse.
'When NOBODY in their right mind would ever buy a stock again, and rushes to sell everything they have, at any price.'
Ya right. You forget how short term memory sheep are.
.
HOW'S THAT BUY AND HOLD STRATEGY WORKING FOR YOU? BWAHAHAHA
.
Today does seem to be another point of inflection - the Nationalization of the Banks. . .by Monday morning at the latest - I would say likely this evening around 7pm Eastern.
I hope the Navy and Marines here in San Diego can protect the city during the riots - LA is probably toast.
I DO have some faith in the "hammer and nail guys". . .those who actually did something during Katrina and helped their neighbors. . .why is it that during Katrina, there were two kinds of response - one of guys (and women) with chain saws, boats, etc. helping their neighbors, and the other "learned helplessness crowd" in New Orleans. . .decades of welfare mentality were responsible. . .NO MORE!!!!!!!!!!! Help yourselves people.
www.layoffdaily.com
for a daily and running total of the lay off's in this nation.
Collapse of 09, it has arrived.
Look, they can hyperinflate away their troubles, then reset the currency and we all start over fresh, when all the debt is"paid off" in worthless currency, and then we figure out what to do. Weimar, anyone?
AH Hem, I think the revolution has sort of started...we are witnessing a massive upheaval to our way of life. And not necessarily a bad thing. Depending upon where you are on the food chain, it's either slow or it is happening very quickly to you.
I have been through a few of these before (boom/bust/boom/bust), and panic does not pay. Just grateful I am in a fairly safe big city neighborhood with not one forclosure (yet).
I don't care if we re-org our workforce temporarily (me included) close down some malls and re-align our spending patterns to a sane level. Of course when the rollercoaster ride stopped many were going to get thrown off.
I would panic only if: my neighborhood (or similar in area) got looted/burned by very scary city gangs; or another terrorist attack on US soil.
Dow just hit an 11 year low
Anyone remember what they were doing 11 years ago?
And to think, that doesn't even take into account inflation. Add that in, and you're probably looking at 15-20 years of no gain for stocks.
Amazing.
When we hear the stories about people who had more than the FDIC limits in their Bank of America accounts, should we feel bad?
We're still in denial. When people realize that the government can't fix it all.. then true panic will set in. Who knows it might happen when Citi and BofA finally go under. That will be a huge event.
For now, though, denial.
Anonmyous is right on the mark!
Division, whether it be race, religous beliefs, or economic status, have always been used to keep people seperated - but it's our choice to keep these barriers propped up, our public service officials (our employees who don't do what we pay them to do) depend on our willfull compliance to make sure this all continues to work.
Now, regardless of education, race, religious belief, etc... people are losing everything, and it will continue to get much worse if no action is taken against the bankers and elite who run this plutocracy - a government formed for the benefit of the top elite, where your children, and their children's children, will work as serfs to support their greed-driven lifestyles.
Revolts have already been predicted by many top economists, and trend forcasters, so it's not a question of "if", but only "when".
Change has been long overdue, and it will now become reality as more and more citizens find themselves being pushed into the streets.
Anonymous said...
Don't be scared.
It's time for revolution!
The banksters are making their move on the USA. They've looted the treasury with the bankster bailouts, they've bringing the troops home to prepare for martial law and gun confiscation, they are imploding the economy and bringing in the hardcore police state.
Now is not the time to be scared. These are just a small group of criminals at the highest levels of government and they will be defeated.
What we need to do is become informed, turn off the boob tube which feeds you a constant stream of BS and propaganda from these same criminals, inform others and use awareness and the political process to oust these criminals from their positions of power.
Americans have been dumbed down, fattened up and distracted for decades but every American needs to remember what it means to be an American. It's not about apple pie, football and Hollywood. America is about fierce independence, individual liberty and the rule of law - the Constitution!
That's what America is all about! That's what brings so many people from around the globe to America.
Let's stop being scared and let's bring on the Second American Revolution!!!
11 years ago I was buying silver and screaming that that Clinton Nascrack bubble was going to burst.
I wore black to my securities brokerage job today. It just had that kind of feeling to it.
re: When NOBODY in their right mind would ever buy a stock again, and rushes to sell everything they have, at any price.
Nobody should buy stocks again. It's another scam. However, this too, will pass as the attention span of the American public is so short that....wait, what was I talking about? Anyway, what's on TV?
Here it is, now's our chance to stop Obama's housing gambler bailout:
http://chicagoteaparty.com/
Go sign up!
"The sign of a market bottom will be when total panic and despondency is in the air."
If that is the sign of a market bottom, then we have a long way to go.
Kenduffelsniffenspotzen
"keith said...
When we hear the stories about people who had more than the FDIC limits in their Bank of America accounts, should we feel bad?
February 20, 2009 6:49 PM"
NO. With TARP Funds Buy them their last Super-Size Double McDonalds meal with a refillable gallon of Cola and a big huge bag of Cheesedoodles at Wal-Mart. While they are there, get an application for one of those super high-paying Wal-Mart career jobs they talk about so much.
Burn down the SUV for the insurance and torch the McMansion.
Homedebtors, like YOU asshole Nick you are Finally F*cked.
It was a RECOURSE loan after all...
Bye Bye Shitbird.
Here's what could come in the next few days:
Nationalize BofA
Nationalize Citi
Prepackaged Chapter 11 for Chrysler and GM
When that happens, how does the market react?
I think we're selling off over loss of confidence and uncertainty. The market wants certainty. And these four things will help get it there.
It's not if the news is bad or good. It's the lack of not knowing, and no decisions being made.
Geithner and Obama crashed the market. Let's see if they'll figure that out, or if they'll let it go to zero.
Friday Morning on West Coast and
---MARKET TANKING AGAIN ON NO CONFIDENCE VOTE OF THE NEW BOJANGLES ADMINISTRATION TEAM OF FOOLS---
Will The New PPT have the juice to stop the plunge?
Let's stay tuned.
I hope the bitch goes to ZERO.
I feel happier than ever; the world that existed in my intuition is being born! we're not richer or poorer; we're humans; we're not homeowners and renters; we're simply finding shelter.
etc,...
When gold is all anyone can talk about.
When NOBODY in their right mind would ever buy a stock again, and rushes to sell everything they have, at any price.
I work with people that still don't understand. They're still in the stock market; don't own gold/silver; aren't preparing in any way, shape, or form.
April -- Europe Implosion.
Maybe we just had to take out that 11 year low?
I noticed the gold perverts are lusting all over the internet today. I saw something at another forum where a guy was going to melt his gold into rock formations and paint it to look like rocks so no-one would think it was gold.
The gold people are some-of the strangest people, I hope it works-out for you all. It could just be another bubble thats being bumped-up by paper trades in gold? That, I've seen before and talked about extensively on the net.
I mean, really, please don't go crazy if it all goes down, AGAIN. Maybe it will go-up to $2000 like some dealers say it will. I often wonder if those same dealers will buy it back from you at the going price on any given day?
Also, someone mentioned Katrina and I remember seeing a picture of a guy selling generators on the side of the road with a big box van. On the side of the van was a big freakin' sign that said, "CASH ONLY", I was thinking of the gold people when I saw the reality of a bad situation like that.
BoJangles twisted the PPT scew, market back up 125+ points for No Reason? at all.
It's all Fucking Rigged.
Anyone investing in stocks deserves to be burned down and Fucked Over to Death.
DIE
I think Obama should buy everyone a new BMW. It is right there with his current policies. If you are facing foreclosure, have no savings, and are sinking in a ton of debt then you simply deserve more. I think that paying people's mortgages is not enough Mr. Obama. You should do more. BMWs for everyone.
One of the reasons Sentelli struck a cord with so many is because so many people feel the same but overwhelming majority totally disagree with the crazy Alex Jones militant types (i.e. our anononut troll).
I am joining the Chicago Tea party because it is equally against the KKK dufaces.
And you dumb-ass troll on here constantly whining about how ‘they’ are dumbing us down for not agreeing with your ‘kill everyone that’s different then you’ stuff.
Step 1 = Take a dump; put your head in the bowl then flush.
Our forefathers did not leave their homes family and friends behind in Europe came to a foreign land to end up being just as rotten them.
Step 2 = Repeat step 1.
Next time you come on here and talk about ‘They’ or ‘the masters’ or the ‘Bankers’
Provide us with names or shut up..
I think the Gold/Dow ratio need to get a little closer to unity before we bounce. I'm just saying numbers here but DJIA at 4000 seems like a good floor, but I wouldn't be surprised if the zombie bank scenario plays out for a long while first.
There are just too many hands in the cookie jar for them to have the stomach for a purge. Everybody is afraid a friend or ally is on the take.
I really don't think the average American has much of a clue yet. Most of the People in my neighborhood seem to know that things are bad, but still believe a solution is just around the corner. That's if they think at all. This has to become a mainstream topic on ESPN and the Real Housewives before most will pay attention. There is also a large contingent that think the Savior will fix it and maybe even has with the porkulus bill.
Don't forget to send a tea bag to all your elected officials.
The grace period for "not getting it" is officially over now. Now you either get it or you sink.
Key Words for "getting it":
McMansion--
SUV---
Rolex--
Acres w/pond---
Stainless Steel---
Granite---
Trey Ceilings w/mouldings and fans---
Flipping that lead us to flopping----
Three car garages with those designer features like checkered floors and plastic/steel organizers---
on and on----
this and that---
more and more greed---
The grace period is over for The Understanding of what has been done.
I hate to join in on this thread because the comments are normally extreme and everyone is so nasty BUT I have to ask, Keith are you saying in this post you are calling bottom?
Yawn. Some crash dopes.
I think gold's in a bubble! Did you see how quickly it dropped last time it went to $1000?
Yikes!
Just spent a couple days in Los Angeles, drove several hours around Beverly Hills. Up and down Wilshire Blvd there are For Lease signs, big ones, in what once was clearly a medical building or a pharmacy. The outside lettering has been removed from the plaster but the faded letter-marks are still there and everything was medical or pharmacy.
Then I spent another couple hours driving the residential streets which are gorgeous. Lots and lots of For Rent signs. Just everywhere.
I think the stock market is a casino that could go in any crazed direction from here
The epic 12 year double bottom is significant. But at this point, the Great Unwinding could take us to 30 year lows for all I know
Or we could shoot straight to the moon.
In other words, I have zero idea.
We're at a very, very important point.
Let's see how it goes
Dow Closed DOWN 100. BoJangles PPT to the rescue. Heres another Gem for Friday: GM needs to DIE
GM Shares Crater
Posted By: Phil LeBeau
Halfway through the trading day, GM [GM 1.77 -0.23 (-11.5%) ]shares hit levels not seen since 1938.
Shortly after 1 pm, they dropped under $1.60 a share (down 19% for the day) and GM's market cap slipped below $1 Billion. To put this fall into some perspective, consider that GM's market cap in 1929 was $4 Billion. At this level, according to Global Financial Data, GM should probably be moved to the S & P 600 Small Cap Index.
Why the sell off today?
There is a growing concern among investors that GM shares will eventually be worth $0 because the stock will be diluted if GM successfully converts a sizable chunk of it's debt into equity stock. Buckingham Research estimates GM's current 732 Million outstanding shares could balloon to more than 15 billion if GM completes a debt for stock exchange. 15 Billion shares! Would you want to own a 100 or 1000 shares of company with 15 Billion outstanding shares?
Bottom line: A lot investors are starting to wonder if GM stock is worthless.
YOU KNOW THE ANSWER. DIE GM.
Folks,
you aught to check this out.
http://tinyurl.com/d47wum
CORRUPT WARD HEALER ILLINOIS POLITICS:
BoJangles Feet to the Fire:
"The appointment of Senator Burris was—and his taking the Senate seat—was based largely on the representations that he'd made, factual representations that he'd made to the people of Illinois through interviews and through his testimony to the impeachment committee," Gibbs said. "We know that—and has been reported extensively—that there seemed to be—some of those stories seem to be at variance with what's happened."
The issue has been an extraordinarily sensitive one for Obama, and his usually smooth-spoken press secretary appeared at times to be struggling with what to say.
"I think it might be important for Senator Burris to take some time this weekend to either correct what has been said and—and certainly think of what lays in his future," Gibbs said.
What next Obama? One of your own needs sacrificing. Do you HAVE what it takes to do it Professor?
Well See. Not So Far Anyway.
April2-4 military training in Parcadia Ohio to search for a mythical weapons dealer. Go house to house and ask for entry to search cupboards etc and ask if occupants have seen the target. Apache helicopters to fly overhead to coordinate and take out injured troops. What self respecting American would allow this!!!! I have friends in the state patrol that are training right now on how to ID IEDs. Domestic terrorism they say....more like revolution and suppression of the population methinks.
The bottom again?
I think we are heading for an "X" shaped recovery. Some are going to collapse and just as fast new entities are going to emerge. All that you knew before is useless. Keep your poise everybody.
DP
Next time you come on here and talk about ‘They’ or ‘the masters’ or the ‘Bankers’
Provide us with names or shut up..
February 20, 2009 7:57 PM
+++++++++++++
John Wayne here assmonkey. Not millitant anon. Don't talk about what happened two hundred years ago because you don't know. A bunch of John Wayne millitant assholes took out the the ruling tyrants for one hell of a lot less than what has been done to the American people now.
These ass monkeys in Washington that take orders from the NWO are completely clueless. None of this had to happen. Honest simple people watched this shit with disgust and fear. Both are understandable. By now most should realize no force will stop this collaspe. I am amused by what the intellegent complicated people think this ride to the bottem will look like. Study history smart guy. I wonder how maney people have truely faced down a man or several men looking to tear him apart just because their vile because their evil because they hate because they want to feel the power. Take it from a man who has been that man more than once. First fear then grim determination then blind blackout rage once the first blow is struck. Domination, what an ugly fucking word.
What ugly scum have caused this. You are pathetic if you do not see their motive. Evil is evil. Leave off millitant anon. He has a spirit. When evil comes the power to fight, the rage, comes from the spirit. The working class see this for what it is. The elites, wanna be elites (the banksters, politicos, globalists) they are not going to walk away. They are betting Ameica will react by kneeling down and taking whatever they decide to visit on them. Good luck globalist. You will need it. VIVA LA REVOLUTION.
I'm just saying?
.
MEANWHILE, PELOSI WAS IN ROME, USING A GOV PRIVATE THAT COSTS $10K / HOUR. JUST THE AIRFARE ALONE COST TAXPAYERS $200K. THE ENTIRE TRIP IS BEING PAID BY THE TAXPAYER. TRUE FACT, LOOK IT UP.
.
I was thinking of the gold people when I saw the reality of a bad situation like that.
You do realize that we've been buying gold and silver coins, like eagles and indians, right? And that it's very easy to calculate their prices and trade them. It's not like we're going around with Fort Knox gold bricks on wooden pallets and forklifts. Damn you guys are dense.
The outside lettering has been removed from the plaster but the faded letter-marks are still there and everything was medical or pharmacy.
The movie Idiocracy must have be written by Nostradamus. Its accuracy to unfolding events is uncanny.
"Shut up, no you shut up" bwahaha
Hey Mark in SD, how's that crack down on Swiss secret accounts going?
People are definitely fearful; there's no doubt about that. Sure, you're going to find those that are in denial or just out of it, but there are enough people who are fearful that the Dow is pushing 7K. Remember, NO ONE who has a 401k sold it during the Sept/Oct decline. At least no one that I know. I'm sure the same is true for most folks.
As I said in a previous post, I think that it's just a matter of time before the 401k-ers give up the ghost and say "I can't take it anymore!" , and sell off their holdings to save what little remains of their retirement.
It won't take a hell of a lot of folks for this to happen. If only the 50 to 65 year olds start to dump, it's all over baby.
Still, I think the PPT will come in and save things a few more times before the inexorable decline overpowers even them and forces the 401k-er capitulation.
I live in CA. Most people are in complete and total denial. Especially the realtor types. Which is almost everyone. They're out buying 'investment' properties at "40% off" thinking they're going to get rich when the market turns around. Because house prices ALWAYS go up. BWHAAAHAAHAAA. ACtually, it isn't funny. It's scary.
See this report from Dubai
http://www.guardian.co.uk/world/2009/feb/13/dubai-boom-halt
We said their crash would be epic. I wish we could have shorted them.
"...JUST THE AIRFARE ALONE COST TAXPAYERS $200K..."
Major dinero there; 1/10 millionth of what went to the bankers in absolute secrecy.
"...The outside lettering has been removed from the plaster but the faded letter-marks are still there..." "...Idiocracy..."
ButtFuckers!
C'mon, Scro; don't be a pussay.
Just read this somewhere else:
The tally is in!
2 million people attended the Inauguration of our new president.
Only 14 missed work!
.
Sheeet!
This brotha don't kno what the Hell he be doin!
.
I was scared of these times back in 2006...knew it was coming.
A friend of mine just last week said she is starting to get scared- only because its all over the news currently.
Why did it take news headlines NOW to wake the people?
I barely remember the mid 1970's. I do remember those were bad times though. Bad news constantly on TV. In the early 1980's, a lot of businesses were moving out of the bay area to Pleasanton for less expensive rents.
More bad news on the horizon, with the DOW going much lower reducing household wealth drastically.
As far as gold is concerned-
I think we will see a pull-back on gold in the short term, however the lower the DOW goes, higher gold will go.
"This sucker is not going to be U, L, or V shaped. This beast has no recognizable shape--not in the alphabet known to us!! Maybe something like a Chinese sign that says "you're fu*cked!"
Agree 100%....
I'm guessing the DOW will drop to 6000 and lower.
Thats it? The bottom is now? That was a bad 6 month depression. Glad its over now
Gold is just another commodity. It has lots of electronics applications. I don't see that business doing very well in this downturn. All the other commodities are crashing. I wish I could tell you where to put your money, but Bank of America stock is too cheap to short.
So this is what 'Hope' and 'Change' Feel like!
I don't like it!
.
Soros recently said economic recovery will look like an "inverted square root sign". So my view is when Cramer no longer is on TV, when public stops trying to pick the bottom, when greed of worrying about missing the bottom is gone, when public thinks owning stock is a joke, when people show off about how much gold they own......THEN U BUY. So its likely 2-3 years away at this point, and the story continues
FREE - FREE - FREE
It is a very rare event when someone you do not know at a personal level will give you something of value for free.
So listen up!
FIRST, The stock market is rigged by the 3 letter govt agencies and insiders; they think they are doing it to "manage" the markets for policy reasons... in reality they are stealing. If you want to keep your hard earned money from being flushed down the toilet... keep it in your pocket.
SECOND, We are past the all time high of global daily oil production (a.k.a. "peak oil"). The only reason gasoline in the USA is less than $3/gal and not $10/gal right now, is because all forms of consumer credit have tanked. The consumer debt securitization trade is NEVER going to come back (this trade alone accounted for between 40% and 50% of all car loans, house loans, credit card loans, in addition to countless amounts of funding for commericial and municipal debtors). True the FED could change the banking rules and let the banks flood main street with credit again... but the problem is that this action would spike demand for oil overnight sending gasoline to the moon. This would result in a crack-up boom and the dollar would lose all international value in very short order. So the Printing Press is no real option for the FED.
THIRD, We are starting down the cliff of collapse, which allways follows a population overshoot. Life giving resources will become more valuable as we slide further and further into the abyss.
FOURTH, The global recovery will start as soon as the entire eco-system that man is a part of reachs a sustainable balance with the natural resources available.
The entire process of collapse may take years in fits or starts; or in the event of global war could be over in a short amount of time.
SECOND, We are past the all time high of global daily oil production (a.k.a. "peak oil").
Baloney. There are oil reserves bigger than all the Middle East's combined, under Alaska and Montana. The shadow government (aka, oil + military + financial) don't want you to know so they can keep on manipulating prices. It's a true fact checked by some brave souls who went to Alaska with geologists, to the same hidden reserves, and were escorted out of there by the military. It's on record folks. There's plenty of oil in the US, but they want you as serfs.
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