Black Monday?! Hurry Vote Now!

Will we see a Black Monday (Aug 8, 2011)?
IOWs, will stocks tank?


Come On Sciforums, how good are you at predicting the future???

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What I meant by that Japanese comment is that we're NOT going to restructure and we'll just linger as the Fed gears up for QE3, everyone knows it, and so they're in no hurry to sell off now.

 

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Come on, did a dead cat bounce on Friday? Is the USA just "one shock" away from seeing its economy shrink (BofA)?

Speaking of Bank of America, I hear BJ Morgan is looking to consolidate their stranglehold over the entire USA following their buying BofA on the cheap in a few months time. Oh, I'm sure "Obama-man" will swoop in and stop THAT from happening (year right, he's already on the road kissing wealthy ass cheeks one each to get funding for his run in 2012).

 

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Only a lousy THREE votes and Monday is just right around the corner

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Well, looks like the ALL HELL is gonna break loose won out. Gold hit $1700 and it isn't even Monday. Meh, don't worry, Hell isn't really going to break loose. Don't you know, Ben's got a helicopter and his knows how to fly....

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I'm shocked, no one thinks we can go the way of the Samurai? Printing and building bridges to nowhere, like that one in Alaska.

 

This is a long slide, I think, not a quick drop.
Could be Black August.

Much further though and those shares are starting to look cheap.

I wonder where gold will go to today?
Certainly into record territory, but how high?

 

The German DAX is down 3%.
I thought they were the strong country.

 

Yup the criminals are at it on the markets. I'm out fuck this B.S

 

Tangibles.

I have only ever had confidence in tangibles.

Financial wealth is conceptual.

Just what does it mean to say that gold is trading for $1,700.00 an ounce in real terms?

If there was just one loaf of bread (or sack of potatoes etc.) left to be had and your family/friends were starving, how many ounces of gold would you give to attain it?

Or what would you be willing to pay if you could live certain moments of your life over and have been able to make it to your mother's bedside to ease her passing, etc.?

I would live a life without money, were it possible, yet the present system of exchange holds me prisoner. I play the game with reluctance, participating sufficiently to enjoy some creature comfort and not give offense to 'authority', while endeavoring to avoid the general madness of credit and commodities that is propping up the global economies.

What we chiefly need are the basics of life and respect for all persons/creatures, derived in a manner that is sustainable for the resources of a finite habitat.

We need to nurture nature and change human nature.

 

Amen !!!

 

Money is the most important thing in life. I would exchange an ounce of gold for a hunting rifle and hunt me some tasty venison.

 

You would very soon learn that those with hunting rifles are not interested in your gold.

The rifle, which grants the ability to hunt the venison or other game, holds far greater value in these circumstances, unless one has no access to bullets.

Let's see......some snares for small game, fishing tackle even if it's only line and hooks for a set-line, a good knife, etc. etc.

I can certainly see those with gold being willing to trade it for tobacco, coffee, and liquor.

And toilet paper!

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We can't forget toilet paper.....

 

Got to have toilet paper . We got our own loading equipment . Me bro makes them kind of hot . I just gave Me 7mm to me son-in-law . Golden Eagle . Rare gun . They didn't sell so good so they stopped making them . They are a nice gun . To much power for Me . Blows big holes , but great of an elk riffle . Me 3060 does just fine for all around gun . The Mouzer action is to die for. Germans sure know how the make that stuff work good

 

Maybe you can use some US $100 for toilet paper

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Yes, there will be a 600 point drop!

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My advice for anyone who wants to save, and is under 50 years of age.
Start a monthly index tracked investment, not investing money in one lump, but a month at a time. That way you even things out.

The Dow may go down some more, but will it be this low for the whole of the next ten years?
I very much doubt it.

Comments and criticisms welcomed. If I'm wrong please tell me why.

 

Bullshit, get out of anything tied to the market right now. Maybe jump in when it gets to 8000-7000 for DOW. Be prepared to liquidate everything in 2-3 years for bullets and seeds.

 

When people start saying things like that, it's time to think of investing in stocks.

 

You are right (at times) but frankly it depends who is saying it.

 

Warren Buffet said invest when people are fearful.

Someone else said, and this made more sense to me:
Invest when people are sick of shares. When they've been let down so often that they won't touch them no matter how good a buy they are.

The shares are going up today, so maybe people aren't sick enough.
Cancel my advice.
Wait a bit longer.

 

It's a short sell bounce. We'll see tomorrow.