No Dow Talk?

[wesfau2]

New record: 14,000+

It's not the end all of economic indicators, but it is a big one.

[AUChizad]

New record: 14,000+

It's not the end all of economic indicators, but it is a big one.

SOCIALISM!!!

[AUTailgatingRules]

Most of us hit by Obamanomics have no money to invest.  The market is being propped up by endless Fed pumping.  Once we quit the pumping (which we absolutely should do), the market will crash in epic proportions.

There is just no way that both the market and gold should be at all time highs.  Which one do you think will crash first?

[Townhallsavoy]

New record: 14,000+

It's not the end all of economic indicators, but it is a big one.

Fuck the DOW.

We were just told that we're getting a 2.5% raise, but it will be offset because our monthly healthcare costs and retirement are going up for the second time in two years. 

Educators in Alabama have already seen a 4% decrease in their paycheck after cost of living increases and more money going into retirement. 

This isn't a slight to Obama, but things are not looking "up" for my line of work.

[wesfau2]

Damn, the 99% is salty.

[Townhallsavoy]

Damn, the 99% is salty.

You just wait until the weather warms up, baby.  I'm going to go down to Five Points and OCCUPY that fountain.  The government will know what's up. 

[Snaggletiger]

If this thing crashes, I'm probably going to have to cut one of the butler's hours back.

[wesfau2]

If this thing crashes, I'm probably going to have to cut one of the butler's hours back.

Come hell or high water, I am NOT giving up my penis-cleanser.

What better way to start your day than to have a nubian princess announce, "The royal penis is clean"?

[AUChizad]

Come hell or high water, I am NOT giving up my penis-cleanser.

What better way to start your day than to have a nubian princess announce, "The royal penis is clean"?

I mean, you're just being practical, as this is clearly a necessity after your most recent trip to NOLA.

[Snaggletiger]

Come hell or high water, I am NOT giving up my penis-cleanser.

What better way to start your day than to have a nubian princess announce, "The royal penis is clean"?

Wipers 

[GH2001]

Dow is based off speculation and futures. While this is good in general, it doesn't always have anything to do the real condition of the economy. Ive worked at a company before that announced record earnings one quarter and the next day the stock plummeted. Why? Who knows exactly but there was speculation involved and people attempting to manipulate and short the stock. And AUTR is right. The fed keeps printing money, running up debt and circulating worthless currency to temporarily prop up the entire economy's infrastructure.

But I'm sure the village Obama supporters already knew this.

[wesfau2]

I mean, you're just being practical, as this is clearly a necessity after your most recent trip to NOLA.

How dare you impugn April's character like that.

[Ogre]

Irrational Exuberance.

I hope y'all have been riding the wave upward because I'm afraid the market is due for a major correction.

[GH2001]

Irrational Exuberance.

I hope y'all have been riding the wave upward because I'm afraid the market is due for a major correction.

All bubbles must pop. Especially those overinflated. That theory has never failed in our economic history.

[AUChizad]

So, to play Devil's Advocate: What economy would please you?

If it's down, Obama destroyed it. If it's up, it's artificial and sure to crash. Any scenario in which you wouldn't bitch? (Other than a Republican being in office?)

[Ogre]

So, to play Devil's Advocate: What economy would please you?

If it's down, Obama destroyed it. If it's up, it's artificial and sure to crash. Any scenario in which you wouldn't bitch? (Other than a Republican being in office?)

A stock market index doesn't make an economy.  Our 4Q 2012 GDP growth was just revised from -.1% to +.1%.  We are barely treading water while the amount of our national debt is growing at an average clip of $3,699,744,466.56 per day. 

However, a balanced budget would be a great place to start.  Or heck, a budget would be a great place to start.  We haven't seen one in 5 years.

After a balanced budget is in place I would like to see the following reformations:

Tax (I'm a proponent of the Fair Tax, but that's another discussion for another day)
Entitlement (A whole other thread in itself)
Tort  (Yet another entirely new thread)

If we were seeing a break-even or budget surplus I'd feel better about the future of this country.  Instead, we're spending like drunken sailors with no plan to pay it all back.  I have a 3 year old and a 9 month old that are going to be stuck with the tab and won't see any of the so-called "benefits" of their government's spending.

As it stands, I'm weighing my options for how to hedge my investments against the inevitable economic collapse (and not just a stock market crash).  I've also researched expatriation, but I'm not ready to pull that trigger yet.  Besides, there really isn't a Galt's Gulch to escape to (that I'm aware of). 

[Jumbo]

 ? Engrish please.

[bottomfeeder]

All bubbles must pop. Especially those overinflated. That theory has never failed in our economic history.

What they have been doing is inflating during the corrections thus exacerbating the problem by creating another bubble. One of our present bubbles is in bonds and government guaranteed debt on all levels (i.e. student loans, VA loans, municipal bonds, Pension obligation bonds, etc.)

I was having a discussing with one of my friends who works for an investment firm, and as usual she was all cheery/bright-eye about the all time high of the Dow and I just had a few pointer for her. I looked at the S&P and NOT the Dow. Equilibrium will start to occur after the 40-60% drop in the entire market. Just keep watching cause I'm not buying into anything US at all. As a matter of fact, I'm completely out of stocks (foreign and domestics), and out of all currencies except the Swiss Franc, and all bonds of any kind. There's a freight train a coming and most people can't see or hear it. I'm completely out of mining stocks and never really made plays on them.

The following is copy-lapasta -

"With a current p/e of 22, the S&P 500 is on the expensive – rather than cheap – side of things, and is roughly 35% above its long-term average and more than 100% above what we could legitimately call 'cheap.'

The summary here is that if stocks do indeed retreat from here, a triple-top failure will deliver quite a punishing blow to the current efforts to repair the public’s trust in the stock market as a place to send their hard-earned savings to grow. It would be quite difficult to engineer a run at a fourth top, given the importance of retail participation in providing fuel for the rise of stocks – especially given that the boomers are retiring at the rate of 10,000 per day and drawing upon their investments instead of adding to them.

The younger generation(s) have been the main victims of the high unemployment and general wage stagnation that have been the hallmarks of the Great Recession. It is not likely that they will be able to save and invest at a rate equal to the boomer's withdrawals, creating one more equity headwind for the Fed to overcome.
Sell in May and Go Away" http://www.advisorperspectives.com/dshort/updates/PE-Ratios-and-Market-Valuation.php " A more cautionary observation is that when the P/E10 has fallen from the top to the second quintile, it has eventually declined to the first quintile and bottomed in single digits. Based on the latest 10-year earnings average, to reach a P/E10 in the high single digits would require an S&P 500 price decline below 550. Of course, a happier alternative would be for corporate earnings to continue their strong and prolonged surge. If the 2009 trough was not a P/E10 bottom, when might we see it occur? These secular declines have ranged in length from over 19 years to as few as three. The current decline is now approaching its 13th anniversary.

Or was March 2009 the beginning of a secular bull market? Perhaps, but the history of market valuations suggests a cautious perspective." JUST BE CAUTIOUS COOKIE. Hard assets outside of the US are the only sure thing. That and land in Uruguay, over the largest aquifer in the world, can somewhat guarantee survival of what's coming here. Faith can only take us so far. After reading into things, I see a big fall coming if the fed doesn't inflate (inflating will only worsen things when it does finally hit). I have my tickets to paradise in reserve. Having necessities such as food, clean fresh water, medical needs, cheap electricity, shelter, fresh air the breathe (Maslow's Hierarchy of Needs) available without government interferences will be essential to survival the failed policies of this economic system. God Bless you.

media.peakprosperity.com

[GH2001]

A stock market index doesn't make an economy.  Our 4Q 2012 GDP growth was just revised from -.1% to +.1%.  We are barely treading water while the amount of our national debt is growing at an average clip of $3,699,744,466.56 per day. 

However, a balanced budget would be a great place to start.  Or heck, a budget would be a great place to start.  We haven't seen one in 5 years.

After a balanced budget is in place I would like to see the following reformations:

Tax (I'm a proponent of the Fair Tax, but that's another discussion for another day)
Entitlement (A whole other thread in itself)
Tort  (Yet another entirely new thread)

If we were seeing a break-even or budget surplus I'd feel better about the future of this country.  Instead, we're spending like drunken sailors with no plan to pay it all back.  I have a 3 year old and a 9 month old that are going to be stuck with the tab and won't see any of the so-called "benefits" of their government's spending.

As it stands, I'm weighing my options for how to hedge my investments against the inevitable economic collapse (and not just a stock market crash).  I've also researched expatriation, but I'm not ready to pull that trigger yet.  Besides, there really isn't a Galt's Gulch to escape to (that I'm aware of).

Free market
Less govt in our lives
Less entitlement
Lower across the board taxes
Fair tax, apportioned
Quit spending more than we bring in, balanced budget

Is this so hard?

[Saniflush]

I've also researched expatriation, but I'm not ready to pull that trigger yet.  Besides, there really isn't a Galt's Gulch to escape to (that I'm aware of).

You are not the only one sir.