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Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
12-24-2014, 05:15 AM
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#1
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Registered User
Join Date: Nov 2007
Posts: 12,632
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another bubble?
Dow hit 18,000.....GDP reported way up
this article from the ATLANTIC from 1995 is fascinating....history does repeat whether we like it or not...
http://www.theatlantic.com/past/politics/ecbig/gdp.htm
"The Clinton Administration waited expectantly, but the applause never came. Voters didn't feel better, even though economists said they should. The economy as economists define it was booming, but the individuals who compose it--or a great many of them, at least--were not. President Bill Clinton actually sent his economic advisers on the road to persuade Americans that their experience was wrong and the indicators were right."
"Ample attention was paid to the symptoms: People were working longer hours for less pay. The middle class was slipping while the rich were forging ahead. Commutes were more harried. Crime, congestion, and media violence were increasing. More families were falling apart. A Business Week/Harris poll in March imparted the not surprising news that more than 70 percent of the public was gloomy about the future. "
http://blogs.wsj.com/washwire/2014/1...second-decade/
http://www.cnn.com/2014/10/29/politi...-poll-economy/ (call this grim but hopeful)
"Sounding much like the guidance department of a progressive New York grammar school, the Clinton Administration said that Americans were simply suffering the anxieties of adjustment to a wondrous new economy. "
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12-24-2014, 09:24 AM
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#2
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Registered User
Join Date: Apr 2011
Posts: 793
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I think we are headed that way. The stock market has been fed by the government printing 85 billion dollars a month and other acts of "quantitative easing" Fannie and Freddie are relaxing standards for home loans, in other words, let's go back to lending people money they can't afford to pay back. Sound familiar?? When the FED starts to raise the rates, it could be the tipping point...
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Bill
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12-24-2014, 10:18 AM
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#3
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Registered User
Join Date: Jul 2008
Posts: 20,435
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I think most folks expect the fed to raise rates a bit this year. That'll cause some pullback...
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12-24-2014, 02:05 PM
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#4
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,591
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2 more years
Posted from my iPhone/Mobile device
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12-24-2014, 04:00 PM
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#5
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Old Guy
Join Date: Oct 2004
Location: Mansfield, MA
Posts: 8,760
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The rest of the world is in the tank, there is no where else to go except precious metals.
20K
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12-24-2014, 04:26 PM
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#6
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Registered User
Join Date: Oct 2009
Posts: 122
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I want to move from equities to cash. Wait for 25% retracement and get back in. When the market goes back up I will have a 33% gain.
I know it's crazy....but should I watch this happen and end up in the same position .......with a lot of sweat in between.....
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12-24-2014, 04:51 PM
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#7
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,591
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Fishweewee was screaming at everyone back in 2008 to pull out of the market and buy gold. He was right back then, but this is a different scenario I believe although I'm no expert by any means.
Posted from my iPhone/Mobile device
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12-27-2014, 09:11 PM
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#8
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Registered Grandpa
Join Date: Nov 2003
Location: east coast
Posts: 8,592
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Quote:
Originally Posted by sburnsey931
I want to move from equities to cash. Wait for 25% retracement and get back in. When the market goes back up I will have a 33% gain.
....
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Don't forget the capital gains tax when you sell.
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" Choose Life "
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01-02-2015, 12:09 PM
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#9
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GrandBob
Join Date: Apr 2001
Posts: 3,527
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bubble schmubble......consider that the Chinese are likely to be the ones sitting on top of the global currency market....now that is scarey and dollar bills won't help you there.
Silver or gold might do it. May need high capacity magazines as well, and rations.
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01-02-2015, 12:43 PM
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#10
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GrandBob
Join Date: Apr 2001
Posts: 3,527
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and batteries, lots of batteries
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01-02-2015, 01:13 PM
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#11
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,591
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And tin foil
Posted from my iPhone/Mobile device
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01-02-2015, 01:45 PM
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#12
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GrandBob
Join Date: Apr 2001
Posts: 3,527
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wrap yourself in to reflect the radiation fallout....after all the satellites are blowed up and missiles have been thrown
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01-04-2015, 05:26 PM
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#13
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 35,134
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Quote:
Originally Posted by Nebe
Fishweewee was screaming at everyone back in 2008 to pull out of the market and buy gold. He was right back then, but this is a different scenario I believe although I'm no expert by any means.
Posted from my iPhone/Mobile device
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He was right
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~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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