MARKETS RIPPED APART: Here's What You Need To Know (DJIA -324)

Of course the market is continuing its downward spiral.

Europe's socialist chickens came home to roost just as Obama tries emulates it...and destroys the American economy in the process.

What surprises me is that it took this long for the market to notice the fundamentals and the truth about Obama.

He has a dyslexic approach to reality...

when he should zig, he zags,
when he should invest, he squanders,
when he should encourage diligence and enterprise, he threatens those who are with taxes,
when he should lead, he abdicates (and goes for a game of golf or takes a vacation)...and most importantly,
when he should notice the monumental disaster he is creating and change course, he defends his actions and doubles down.

Until and unless this dolt is removed from office, we're focked!

BTW, no insult to real dyslexics...I only mentioned it because it is metaphorically similar to Obama's bassackward approach to life.

If you call reading a sentence in the lead in before puking then ok, I read it. If you didn’t yourself write this crap then why would you be insulted?

How about this for a prescient bit of market prognostication.

“The markets are now setting up for a long term leg of a new bull market, unless it isn’t, in which case it will either remain flat or else decline.

Indicators show in the short term we can expect the markets to rally, unless there is unexpected bad news, in which case they will retreat.

This author can GUARANTEE that by years end the DOW will not be at the level it is at today.”

If you want a more in depth analysis of the markets, sign up for my daily mailer for just $10.00 per month. For just $10.00 I can promise you three times the length and 5 times the bullshit as you get in my non subscription blurb.

Go ahead and post it if you want, no charge.

"If you didn’t yourself write this crap then why would you be insulted?"

I'm not insulted...when I find myself beginning to read an article that is about chem trails, UFO's and etc., I just cease reading I don't feel a need to condemn the writers or the readers of the article.

I have had many people email me requesting that I put the names on my ping list for this (mostly) daily post because they like it so much...I don't have a ping list though.

Here's your motivation:
"If you want a more in depth analysis of the markets, sign up for my daily mailer for just $10.00 per month."

I now own 10k in gold, 10k in silver, 10k in platinum; and 10k each of Swiss Francs, Brasilian Reals, Russian Rubles, Iraqi Dinars and collectibles from various countries that will be priced by the buyer for a trade.

My EUROs gradually go to charity. Let the charity take them to the bank and wait while the serial numbers are confirmed and converted to US$.

I bought the Iraqi Dinars a few years ago. Those people have formal education. They won't let a war happen to them again.

The action in the commodities space was simply horrendous. Copper and palladium, two industrial metals we've been focusing on closely were savaged. Gold however did rally. See evidence deflation is spreading across the economy

There are a lot of semi-educated amateurs and fringe "experts" making money for websites, their own or in writing for others, by tossing off hotbutton articles that barely make sense if you try to break it down logically. This one is no exception.

I'm not going to fault you for posting these, unlike a few others onthread, because we're clearly in a dire situation. The truth is, very few people have any idea what the future holds other than a great deal more volatility and potential for change that will be economically negative or even devastating. The hows and the whys likely won't be well understood until the history books are being written, much as the Great Depression was not understood in the midst of the early years. I've often wondered if, in 1930 or 31, given that events were transpiring in real time, over a period of months and years, people actually realized what they were truly in for. I suspect not. Only in hindsight does the timeline look so compressed and neat. We're living the same sort of thing now.

But, back to the cite at the beginning of my reply. This is an example of punditry from an only semi-knowledgeable source, or it is an example of hotbutton filler from some knowledgable someone who does know better but who is merely seeking to drive income via hits to a website. Deflation drives everything down in price due to increased value of currency, which is itself more valuable because it's more scarce. Industrial commodity metals are falling in value because the outlook for industry is falling. Not deflation, anticipated supply and demand. Gold is increasing due to economic fears and uncertainties. Increasing value is not deflationary.

There is a mountain of money being thrown at the problem. Absent this policy of quantitative easing, we may well have been seeing real deflation. But, we're not. What we are seeing and will see, is distortion created by flat to falling demand with a great deal of money floating around. There will be opportunities for the farsighted, just as there will be another speculative bubble somewhere. That money will find a place to go that provides a more attractive return eventually.

As a result, anybody who claims to really know what's going to occur is deluded or seeking to profit, simple as that. Our situation actually is unprecedented, and no one really knows, not even the literal experts.

"As a result, anybody who claims to really know what's going to occur is deluded or seeking to profit, simple as that. Our situation actually is unprecedented, and no one really knows, not even the literal experts."

I recognize that some of the articles I post are nothing more than another person's opinion (some with questionable motivations)...and, often no better than your own.

I believe that FReepers who read these articles are smart enough to consult (many) other sources before making investments.

I like The Business Insider because they are often early with a news story or breaking news.

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