BF2S Forums Suckers rally, or bottom?

3250ish for the Dow is the bottom.  I figure we will lose 50% more from the so called bottom.  If you haven't read the news Obama put us farther in debt and created tons of new annual record defict spending.

Monetary collapse is the prognosis, economic downturn is the symptom, and deficit spending is the disease. 

Nobody with money has faith in this system anymore because of the government and the state of the union.  Now if government got rid of illegals, stopped deficit spending, cut the military spending, brought the troops home from policing the world, invested in US energy development, and invested in US energy infrastructure then the market would shoot up over night.

This is the death of America, we are watching it play out during our generation.  The US couldn't survive the Bush family and the first black president.

I've said that the bottom is about 4000, that's what the DOW was in 1995 before the dot.com bubble. But accounting to inflation and historic growth, the present value or bottom might be around 5200.

Any bounce right now is based on false hope and pure speculation.

Does anyone really think Citibank is proftable right now without the billions that the govt pumped into it? and stocks are rallying on that info? ROFL.

The govt is concentrating on the banks too much. If the govt puts a false floor under the banks by guaranteeing them, they will only succeed edging on the speculators who will cause a sharp spike in the price commodities. Although, that might be the scenario that gets us to the bottom. A spike in commodities and then one big crash. The sooner we hit bottom the better, the consumer will return only when we hit bottom and people be able to take stock of their individual financial and economic condition. untill then everyone is going to hold onto their money because they might need it. Only a fool would throw money at a market where the shorts are circling like sharks.

Sucker's rally. All the banks are still insolvent.

I think this is a temporary bubble unfortunately... the market will correct itself in time... and little by little the dow will rise again and the economy will pick up... consumer confidence being the key... and right now people are a little nervous with BO and all he has going on at the same time...

Hey BO... focus on the banks... get them settled... then go for the other things you want... you don't have to try and save the world in 74 days...lol

sucker's rally?  no.  A nice lull in the shitstorm?  yes.

maybe this is the eye of the storm.

Last edited by Reciprocity (2009-03-12 20:09:00)

ATG wrote:

Yellowman03 wrote:

The stock market is a lousy indicator of the economy.

I think you heard the White House douche nozzle spokeshole say those exact words today.
Nice trying to sound all smarty pants though.http://i32.tinypic.com/2hpj6mc.gif

Nope...I've been at school all day preparing for Economics Challenge. First place gets to meet Ben Bernanke. It's common economics knowledge

I'm not moving my money out of my safe haven yet.

I think they realized their rhetorical cliff was become a real one and we would fall off it if they didn't shut. the. fuck. up.

Also, stimulus is like viagra; take some and you get a boner, take too much and you die.

Deadmonkiefart wrote:

ATG wrote:

I think they realized their rhetorical cliff was become a real one and we would fall off it if they didn't shut. the. fuck. up.

Also, stimulus is like viagra; take some and you get a boner, take too much and you die.

How poetic...

sounds like a hit song by Sweet in the 70's...lol    Love is Like Oxygen...

[TUF]Catbox wrote:

Deadmonkiefart wrote:

ATG wrote:

I think they realized their rhetorical cliff was become a real one and we would fall off it if they didn't shut. the. fuck. up.

Also, stimulus is like viagra; take some and you get a boner, take too much and you die.

How poetic...

sounds like a hit song by Sweet in the 70's...lol    Love is Like Oxygen...

Oh how I hate that song. Ah, let me count the ways... One particular classic rock station, awhile ago, had it running in what seemed to be permanent rotation; on its' play list. Once every hour and sadly this was one of the stations the guys in my office like to listen to.

___________

Bottom no and maybe yes. No, I don't think a rebound is happening. Yes, you probably are a bottom if you're ready to take it up the ass, from wall-street pros and insiders; who's job it is to divest you of your savings by daily "profit taking."


PS: IMO, the real problem is a systemic problem 30-40 years in the making combined with flaws related to privatizing the money supply in a fiat (monetized debt) system. And, also realize the stock market is a cash-in cash-out system. Broad cash trends like baby-boomers contributing to their 401Ks change over time. The recent drops in the market have been primarily a cash-out trend; one that just happened quickly. It may develop into a long term trend; with contributions into the market being weak based upon lack of savings being available to baby-boomers.

Last edited by topal63 (2009-03-17 09:16:33)