Woooo Whooo! DOW 10,000!

Green Cross

Green Cross

Well-Known Member
Thanks Obama!

Keep greasing the corporate wheels, and bailing out wall street. :mrgreen: When the dollar crashes I'm going to make a fortune short selling this market back to reality

But I feel sorry for main street, because they're missing out on all this wealth creation :cry:
 
doobnVA

doobnVA

Well-Known Member
So sorry that you stopped yourself from posting this GIANT celebratory pat on your own back?

mmhmm..
 
Wavels

Wavels

Well-Known Member
This rally is being driven by earnings from corporations which have trimmed the fat to the bone. There is no real revenue growth.
Another consideration is the changing of Dow components... Citigroup and GM were eliminated and replaced by stronger companies.

You are correct GC
Tremendous opportunity to buy puts soon!!!
bongsmilie
 
Green Cross

Green Cross

Well-Known Member
doobnVA said:
So sorry that you stopped yourself from posting this GIANT celebratory pat on your own back?

mmhmm..
Click to expand...
I make no apologies for getting excited about making money off the Bernie Madoff's of the world.

I take it you don't have any investments? Communism won't put money in your pocket jack
 
B

budsmoker87

New Member
i'm headed to my coin dealer today to make more investments in silver...he's selling pre-1965, 90% silver quarters and dimes for face value
 
imrickjames

imrickjames

Well-Known Member
Im loving it too, It should not be where it is but I am enjoying the money im pulling out and putting into silver :)
 
B

budsmoker87

New Member
how'd i get robbed?

silver's at 17 bucks an ounce...5 quarters=31.25g @ 6.25g a piece, 90% silver

i bought roughly a half pound of silver for $130

let me know how i got robbed, as i am new to this....i plan on hitting up the bank tomorrow with a few hundred bucks to exchange for quarters, dimes and half dollars and picking out any silver i find
 
N

NoDrama

Well-Known Member
budsmoker87 said:
how'd i get robbed?

silver's at 17 bucks an ounce...5 quarters=31.25g @ 6.25g a piece, 90% silver

i bought roughly a half pound of silver for $130

let me know how i got robbed, as i am new to this....i plan on hitting up the bank tomorrow with a few hundred bucks to exchange for quarters, dimes and half dollars and picking out any silver i find
Click to expand...

You will be extremely fortuitous to find anything pre 65 from the bank, the tellers get first dibs and the bank employees aren't stupid.
 
I

ilkhan

Well-Known Member
The DOW and Gold will meet.
DOW 3000 Gold $3000 approximatly.
Probably right after Obama re-election.
Oh and Hears to 10 years of zero growth!

The Fed has two options :
1. Raise interest rates. To curb inflation, to the high single digits
Which will crush the DOW and the housing market or
2. Leave rates the same and face double digit inflation.

I can't wait.
I want 25% unemployment
I want $8 a gallon gas.
I want $1200 an month electic bills.
Or
I want the DOW at 2000
I want everyones 401K to be worthless.
I want every state retirment account empty.
I want weeping and gnashing of teeth!

Just remember it was Central Banking that caused it.
Muahahahaha!
 
R

redivider

Well-Known Member
ilkhan said:
The DOW and Gold will meet.
DOW 3000 Gold $3000 approximatly.
Probably right after Obama re-election.
Oh and Hears to 10 years of zero growth!

The Fed has two options :
1. Raise interest rates. To curb inflation, to the high single digits
Which will crush the DOW and the housing market or
2. Leave rates the same and face double digit inflation.

I can't wait.
I want 25% unemployment
I want $8 a gallon gas.
I want $1200 an month electic bills.
Or
I want the DOW at 2000
I want everyones 401K to be worthless.
I want every state retirment account empty.
I want weeping and gnashing of teeth!

Just remember it was Central Banking that caused it.
Muahahahaha!
Click to expand...
hey, the central bank didn't cause anything.

the crisis was caused by small lending institutions that gave away risky loans like hotcakes. then they sold the loans (which they disguised as being sort of risky, but were actually VERY VERY VEEERRRY risky) to wall street who kept buying them, because more mortages = more annuities comming in which = more bonuses for the thieving scum in the big offices and fancy cars.

stop blaming the central bank for the failure.

blame them for the hyperinflation that won't happen, for all you people are wrong. PERIOD.
 
N

NoDrama

Well-Known Member
redivider said:
hey, the central bank didn't cause anything.

the crisis was caused by small lending institutions that gave away risky loans like hotcakes. then they sold the loans (which they disguised as being sort of risky, but were actually VERY VERY VEEERRRY risky) to wall street who kept buying them, because more mortages = more annuities comming in which = more bonuses for the thieving scum in the big offices and fancy cars.

stop blaming the central bank for the failure.

blame them for the hyperinflation that won't happen, for all you people are wrong. PERIOD.
Click to expand...
Most banks belong to the Federal Reserve system.
http://www.mortgagedaily.com/PressRelease020209.asp you can see the top 5 originators of home mortgages are all part of the Fed Reserve. Find me a credit union anywhere in the world who did more than 230 billion dollars worth of home loans in 2007. You can't because they don't even come close. Just between Wells Fargo And JPMorgan they have 400 billion loaned out in 1 year.

Your understanding of the crisis is very limited if you think it was just MBS's that caused this whole mess.
 
I

ilkhan

Well-Known Member
You think those banks gave away loans without someone covering their asses.
They knew full well that those loans were risky.
As did the Fed the FED promised to bail them out long before the crisis hit, IMO.
If the FED hadn't backed them
and the government hadn't forced them
they would not have done it.
 
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