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We are approaching VERY serious times

  • #121
  • Feb 23, 2009 11:42pm Feb 23, 2009 11:42pm
Quoting tdion
Acknowledge and agonize.
I'd agonize alright.

http://www.campuslp.org/utoledo/file...mericaFlag.jpg

Welcome to the United Socialist States of America.
Not all sins are created equal
  • #122
  • Feb 23, 2009 11:42pm Feb 23, 2009 11:42pm
and I suppose GW was good for "our" currency???

Quoting Dale
I was just poking a little fun Jay; I bet I am not the only one.

Personally I hope he can in learn how to tie his shoes before he destroys our currency any further.


No offense intended to the dems


Best regards

Dale
  • #123
  • Edited Feb 24, 2009 1:45am Feb 23, 2009 11:43pm | Edited Feb 24, 2009 1:45am
Quoting tdion
The market will "probably" be up tommorow? I've got news for you: it has a 50% chance of being down again.
Depends on what you're looking at. When a daily/weekly closes near the last bars i.e low there is a higher than 50% probability that the next low will be even lower.
Measure twice, cut once
  • #124
  • Feb 23, 2009 11:43pm Feb 23, 2009 11:43pm
Quoting Dale
I was just poking a little fun Jay; I bet I am not the only one.

Personally I hope he can in learn how to tie his shoes before he destroys our currency any further.


No offense intended to the dems


Best regards

Dale
It is both Republicans and Democrats that should be offended when unsubstantiated claims are made against a sitting president for no good reason. Might his skin tone have a little something to with it? Just asking.
  • #125
  • Feb 23, 2009 11:52pm Feb 23, 2009 11:52pm
NO Sir, some of my best friends are not white as me.



Dale

I believe you must promote an environment for business to thrive for America to survive


Or you can TAX them untill you kill them


Best regards

Dale
  • #126
  • Feb 23, 2009 11:58pm Feb 23, 2009 11:58pm
Quote
and I suppose GW was good for "our" currency???

I believe the heart of the problem lies in the thinking of the American people
  • #127
  • Feb 24, 2009 12:21am Feb 24, 2009 12:21am
"Spread the wealth" worried me most.

Picture this hypothetical situation. You worked hard your whole life and saved a million in the bank. The new administration decided to fund 700 billion in aide, but instead of taxing for it, they print more money.

Then they send those printed dollars overseas for goods and services.

So what just happened to your million? It is worth far less, and unemployment isn't helped because the money didn't go back to the people.


Do I think Obama will do this? Not necessarily him, but look at what the Air Force did with Air Bus.... a billion+ contract that went to Europe's economy instead of Boeing.

Like Dale said, it is really people living beyond their means that caused this. And the people that were disciplined and sacrificing could very well have been working for their undisciplined neighbors.
  • #128
  • Feb 24, 2009 12:25am Feb 24, 2009 12:25am
Thanx tdion
  • #129
  • Feb 24, 2009 12:51am Feb 24, 2009 12:51am
Quote
Picture this hypothetical situation. You worked hard your whole life and saved a million in the bank. The new administration decided to fund 700 billion in aide, but instead of taxing for it, they print more money.

Actually they issue t-bills. Granted, they are negotiable and can act as currency, but by maintaining a separate market there's some insulation between the currency markets and the bond markets.

Coupled with the massive decrease in the money multiplier during the "credit crisis" and right now we're actually seeing deflation in parts of the country. Naturally there's some concern that we could see hyper-inflation after this has passed, but unless the Fed falls asleep at the wheel it shouldn't be too tough to re-tighten.

Quote
Do I think Obama will do this? Not necessarily him, but look at what the Air Force did with Air Bus.... a billion+ contract that went to Europe's economy instead of Boeing.

Ya, but the factory that Air Bus is using in that contract is located (or will be) in the US (Alabama). Granted, not all of the money from the deal will stay in the US, but a lot of it will if all goes to plan. Sadly, we're so wrapped up in bad trade deals and "free trade" rules that even basic protectionism is difficult to pull off.

Quote
I believe you must promote an environment for business to thrive for America to survive

Would be nice, wouldn't it?

Problem is that even low taxes won't do the trick. We keep spending massively, our debt skyrockets, and the USD inflates like crazy. We need more than "low taxes" ... we actually need decreased gov't spending to keep inflation in check (rather than re-writing the rules on how inflation is calculated, lol).

On top of that you've got a hostile regulatory environment in practically every sector. Either lobbyists rewrite the rules to fit their needs instead of yours, or "reformists" come in and make them tougher for everyone.

Quote
Depends on what you're looking at. When a daily/weekly closes near the last bars i.e low there is a <50% probability that the next low will be even lower.

Wait... what? Clarify that?

I do know that when a daily closes on or very near it's own low there's a slightly higher chance of the next day being down. Normally it retraces a small amount, then drops thru the previous low. The odds are even higher if the down day reversed from above it's previous day's high. So right now there's probably a 60% chance of price breaking yesterday's low.
  • #130
  • Feb 24, 2009 1:18am Feb 24, 2009 1:18am
Quote
low taxes" ... we actually need decreased gov't spending to keep inflation in check

agree
  • #131
  • Feb 24, 2009 1:29am Feb 24, 2009 1:29am
Quoting Rabid
Wait... what? Clarify that?
Clarify what?
Quoting Rabid
I do know that when a daily closes on or very near it's own low there's a slightly higher chance of the next day being down.
You said it too so not sure what you want me to clarify.
Measure twice, cut once
  • #132
  • Feb 24, 2009 1:39am Feb 24, 2009 1:39am
Quote
You said it too so not sure what you want me to clarify.

Oh.

Quote
Depends on what you're looking at. When a daily/weekly closes near the last bars i.e low there is a <50% probability that the next low will be even lower.

You mean greater than 50% probability? =)
  • #133
  • Feb 24, 2009 1:43am Feb 24, 2009 1:43am
Quoting Rabid
Oh.



You mean greater than 50% probability? =)
Lol, saw it now. Yes
Measure twice, cut once
  • #134
  • Feb 24, 2009 6:25pm Feb 24, 2009 6:25pm
Quote
I was just poking a little fun Jay; I bet I am not the only one.

Personally I hope he can in learn how to tie his shoes before he destroys our currency any further.


No offense intended to the dems

I regret making the above post, no matter what my opinion is of these men and their agenda I do believe in maintaining the decency of respect towards them.

Please accept my apologies,

Dale
  • #135
  • Feb 24, 2009 6:46pm Feb 24, 2009 6:46pm
If the dems caused the current problem (COUGH equal opportunity housing bill Mr. Clinton) they deserve to be chastised.
  • #136
  • Feb 24, 2009 7:17pm Feb 24, 2009 7:17pm
Yes, I just want to keep my character also.
  • #137
  • Mar 5, 2009 12:45pm Mar 5, 2009 12:45pm
Just trying to keep the original thread going..............might be a good time to learn Mandarin !!
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  • #138
  • Mar 6, 2009 3:54am Mar 6, 2009 3:54am
You all should read this guy, his analysis is freakingly accurate

http://market-ticker.org/archives/2009/03.html

also see his 2008 and 2009 predictions
http://market-ticker.org/archives/68...ding-2009.html
He has the right to criticize who has the heart to help. Abraham Lincoln
  • #139
  • Apr 11, 2009 1:33am Apr 11, 2009 1:33am
Quoting dragon77
Just trying to keep the original thread going..............might be a good time to learn Mandarin !!
Looks like a bounce off this lower trend line, at least for now.
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  • #140
  • Apr 11, 2009 4:25pm Apr 11, 2009 4:25pm
Quoting Pips_Cruiser
It doesn't look good. But another possibility is a bounce off the lower trendline area.
Hey Pips..I fully agree with you. Price in now in it's 'normal' place and pace in the market. I think we will see some more down movement out of fear as the economic trouble deepens, but after the dust settles, price will be pulled back up to that trend line area. One thing I have not heard mentioned much is the retirement of the baby boomers in the us and abroad. I know several folks who are retiring and have been doing so for the last couple years. This involves cashing in those 401Ks and selling off other assets and old stock. When you have so many people selling off their positions around the same time, it is only natural to see a down wave. If anything, we are just recycling all those old shares. All the older folks have harvested their fruit and all us young guns are planting new seeds. Just my thoughts.

Regards,

Scotty B
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