Skip to comments.Stocks are worth zero in THIS America (vanity)
Posted on 06/07/2010 1:28:51 PM PDT by USALiberty
Why are stocks sliding? It's pretty easy to tell. More and more people are waking up to the reality that stocks are worth ZERO in this America. If the feds can seize ANYTHING at any time, then private property rights mean nothing. Now that the Kenyan Usurper and his gang of communists is talking about taking over BP's U.S. assets, the Street is reacting.
6 months ago, stocks were a buy.....now the “pros” on CNBC are saying they would sell.
They are NEVER correct.
True...... So, so true.
Maybe they’re diving down the market so by the time they snatch our 401ks we won’t care.
“Stocks are worth zero”
Not yet, but they will be soon. Which is why I got out of equities last year.
Forgot to add....I would not be buying any stocks while zero is prez. (well, may Winchester and Remington)
I don't doubt that but do you have a link for that?
While that may be true, I think it is really because of the mounting debt crisis and the fact that stock market manipulation these days is comparable to NBA basketball.
I’m no fan of Obama but that’s just dumb.
Stocks are sliding because the market fundamentals are weak and have been since 2008. If you listen to the media that says that everything is getting better and recovery is around the corner you’re an idiot.
It is systemic. It’s not going to go away. It will get worse before it gets better. The people who do this for a living are pulling out now. They know what’s ahead. I hope that this does not happen but I would not be surprise to see the Dow break the low it set up last year some time before the fall elections and I would not be surprised to see it go sub 5000 sometime in 2011.
Unless some magical miracle comes and saves us all it will become very apparent by 2011 that this is Depression # 2.
“While that may be true, I think it is really because of the mounting debt crisis and the fact that stock market manipulation these days is comparable to NBA basketball.”
I’m not a stock market historian, but seems to me that the market has evolved from an investment to a casino.
Whatever happened to buying a stock, and accumulating wealth based on performance and DIVIDENDS?
Which Winchester? Olin chemical for FN-Herstal? Winchester is merely a brand name licensed from one multi-national to another and used by both.
...another sell off later part of today....DOW down 115...it’s dropped 400 in the last two trading sessions.
In the good old days these markets were ways to generate income! If you bought a bond perhaps it paid 3%. The reason to buy a stock was to get 4% or 5% dividends. You were a part owner, you expected the company to make a profit and share it with you.
This went out the window with the "Growth Company" model which is also referred to as "the bigger fool" model: there will always be a bigger fool to buy this stock (that pays nothing) for more than I paid for it in the future. Originally the model was applied to start ups, where it made some sense. Eventually it was extended to almost every company.
Bush tried to move the markets back towards paying more dividends, which would be helpful to help deal with the boomer retirement buldge. Some companies did start (re-start) payinging dividends. But many established companies do not.
You are exactly right that it's made the Stock Market into more of a casino.
Folks getting out because they need the cash to pay bills since they can't get jobs.
Not too much else to invest in right now if you do have cash. CD’s paying a little better than 1%.
I'd rather be in US stocks than EU.
I am pessimistic about how O is running the Country but I feel the tides are against the Dems and democracy and the free markets will prevail.
Tulip mania. Sorta. Bubbles break. Caution advised.
Be fearful when others are greedy, be greedy when others are fearful.
I'm thinking it's a good time to buy some BP.
“I’m thinking it’s a good time to buy some BP.”
Depends on how much money BHO gets from BP. I can see BHO trying to break BP in order to send a chill into the energy industry and create some new dependents, (laid off BP workers), for the government.
Amen. Looks like many buying opportunities to me.
As soon as I get some things taken care of I’m paying the tax penalty and liquidating my 401K. Obama and the profit takers will not get any more of it.
Blanket statements like that aren’t accurate. It depends on which stocks you are going to buy and if you are going to be investing for the long haul.
That’s why it’s a good time to buy. Because there is a lot of risk. Wish I’d bought some banks back in the fall of ‘08.
Takeover, Baby, Takeover...
The Destroyer continues.
When will it end?
Time for the Young and Able to emigrate...
Gold was linked to the Dollar at that time! Now however, the dollar and gold are two separate entities. Neither is linked to the other. Seems there would be lots of dead govt employees if they went door to door trying to confiscate gold!
Why did the BP exec sell his shares just before the blow up?
I understand Goldman Sachs did the same thing.
Maybe holding off on investing here is a good idea for now.
I don’t recall that. FDR did that, IIRC.
You are correct. Thanks.
Executive Order 6102
April 5th, 1933
BY VIRTUE Of the authority vested in me by Section 5 (b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled “An Act to provide relief in the existing national emergency in banking, and for other purposes,” in which amendatory Act Congress declared that a serious emergency exists, I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of this order:
Section 1. For the purposes of this regulation, the term “hoarding” means the withdrawal and withholding of gold coin, gold bullion or gold certificates from the recognized and customary channels of trade. The term “person” means any individual, partnership, association or corporation.
Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve Bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion and gold certificates now owned by them or coming into their ownership on or before April 28, 1933
What’s to stop ‘ZERO’ from doing that too?
Full disclosure: SAJ holds bracketed calendar spreads, long Jul/short Jun, and long Aug/short Jun. This style of trade should profit from the IV differentials in the June vs further-out options. SAJ intends to repo some short puts tomorrow on any move lower by BP.
You do have to file the appropriate Treasury Dep't form if you move more than $10,000 of gold outside the US...but it will still be effectively untouchable by the Feds; consider a Panamanian account.
“Maybe theyre diving down the market so by the time they snatch our 401ks we wont care.”
Bing! Bing! Bing! We have a winner!
Nothing. What's stop him from successfully doing that? Massive noncompliance.
Actually, that is exactly what a lot of people are doing these days. And the market is falling because the prognosis for these dividends simply isn't very good. This is not the same stock market that we say back in the late 1990s -- when investors bid up the prices on stocks that paid no dividends but offered apparent potential for strong capital gains.
One big reason for this change in investor attitude is that under the changes in Federal tax law passed a few years ago during the Bush administration, qualified stock dividends are given similar preferential tax treatment as capital gains (i.e., they are taxed at a much lower rate).
One of the things to consider as 2010 marches on is that these preferential tax treatments are going to disappear in 2011 . . . and that might be a big reason why so many investors are starting to sell out of the market now.
Should I roll my 401k into a Roth right now? I’m scared and don’t know what or how to do that. Could someone e-mail me?
Thanks for the advice. Check this out:
I have jumped the gun here and there before. Must remember to be patient. I should err on that side, because I tend to err on the other side.
Could you summarise it for me, if you would? Thanks, as they say, in advance!
Best to you,
It said that the oil is leaking from the seabed in multiple places. The well itself could be cracked or damaged in such a way that even the relief wells won’t work. Not sure if it’s accurate (it was an MSNBC story), but it seemed to underscore your point about waiting for more shoes to drop.