Free Republic
Browse · Search
News/Activism
Topics · Post Article

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.


TOPICS: Business/Economy; Constitution/Conservatism; Crime/Corruption; Culture/Society; Miscellaneous
KEYWORDS: chat; cmmunism; kenyanusurper; stocks; vanity; wallstreet

1 posted on 06/07/2010 1:28:51 PM PDT by USALiberty
[ Post Reply | Private Reply | View Replies]

To: USALiberty

6 months ago, stocks were a buy.....now the “pros” on CNBC are saying they would sell.

They are NEVER correct.


2 posted on 06/07/2010 1:30:25 PM PDT by Red in Blue PA (Anti-Gunners suffer from Factose Intolerance)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

True...... So, so true.


3 posted on 06/07/2010 1:31:02 PM PDT by b4its2late (Why does a slight tax increase cost you $200 and a substantial tax cut save you 30 cents?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: USALiberty

Maybe they’re diving down the market so by the time they snatch our 401ks we won’t care.


4 posted on 06/07/2010 1:31:12 PM PDT by skeeter
[ Post Reply | Private Reply | To 1 | View Replies]

To: USALiberty

“Stocks are worth zero”

Not yet, but they will be soon. Which is why I got out of equities last year.


5 posted on 06/07/2010 1:31:14 PM PDT by Signalman
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red in Blue PA

Forgot to add....I would not be buying any stocks while zero is prez. (well, may Winchester and Remington)


6 posted on 06/07/2010 1:31:55 PM PDT by Red in Blue PA (Anti-Gunners suffer from Factose Intolerance)
[ Post Reply | Private Reply | To 2 | View Replies]

To: USALiberty
"Now that the Kenyan Usurper and his gang of communists is talking about taking over BP's U.S. assets"

I don't doubt that but do you have a link for that?

7 posted on 06/07/2010 1:31:56 PM PDT by avacado
[ Post Reply | Private Reply | To 1 | View Replies]

To: USALiberty

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.


8 posted on 06/07/2010 1:32:21 PM PDT by Scott from the Left Coast
[ Post Reply | Private Reply | To 1 | View Replies]

To: USALiberty

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.


9 posted on 06/07/2010 1:38:34 PM PDT by AzaleaCity5691
[ Post Reply | Private Reply | To 1 | View Replies]

To: Scott from the Left Coast

“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.”

Agreed.

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?


10 posted on 06/07/2010 1:40:49 PM PDT by brownsfan (The average American: Uninformed, and unconcerned.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: Red in Blue PA

Which Winchester? Olin chemical for FN-Herstal? Winchester is merely a brand name licensed from one multi-national to another and used by both.


11 posted on 06/07/2010 1:42:20 PM PDT by Jack Black ( Whatever is left of American patriotism is now identical with counter-revolution.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: USALiberty
[Most Recent Quotes from www.kitco.com]
12 posted on 06/07/2010 1:43:12 PM PDT by Tigen (I shall raise you one .)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AzaleaCity5691
Unless some magical miracle comes and saves us all...

Why'd you have to summon him?

13 posted on 06/07/2010 1:43:14 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
[ Post Reply | Private Reply | To 9 | View Replies]

To: USALiberty

...another sell off later part of today....DOW down 115...it’s dropped 400 in the last two trading sessions.


14 posted on 06/07/2010 1:43:57 PM PDT by STONEWALLS
[ Post Reply | Private Reply | To 1 | View Replies]

To: brownsfan
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

BINGO!

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.

15 posted on 06/07/2010 1:47:15 PM PDT by Jack Black ( Whatever is left of American patriotism is now identical with counter-revolution.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: brownsfan
Day traders getting out while they still have something left.

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.

JMHO.

16 posted on 06/07/2010 1:47:41 PM PDT by not2worry (WHAT GOES AROUND COMES AROUND)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Tigen

Tulip mania. Sorta. Bubbles break. Caution advised.


17 posted on 06/07/2010 1:48:38 PM PDT by Travis T. OJustice (I can spell just fine, thanks, it's my typing that sucks.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Red in Blue PA
What's the old Warren Buffett saying?

Be fearful when others are greedy, be greedy when others are fearful.

I'm thinking it's a good time to buy some BP.

18 posted on 06/07/2010 1:48:42 PM PDT by Huck (Q: How can you tell a party is in the majority? A: They're complaining about the fillibuster.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Tigen
Gold is good, but don't doubt for a minute that the feds would try to seize it in an “emergency”. As for the exchange-traded fund GLD, which tracks the price of gold, those shares could be rendered worthless by an executive order if the “crisis” were deemed sufficiently serious.
I don't put anything past these tyrants in Washington.
19 posted on 06/07/2010 1:49:28 PM PDT by Deo volente (God willing, America will survive this Obamination.)
[ Post Reply | Private Reply | To 12 | View Replies]

To: Huck
I'm thinking it's a good time to buy some BP.

There's a lot of institutional selling of these energy stocks going on right now. I would wait awhile if I were you. But I'm no expert!
20 posted on 06/07/2010 1:53:42 PM PDT by Deo volente (God willing, America will survive this Obamination.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Huck

“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.


21 posted on 06/07/2010 1:55:03 PM PDT by brownsfan (The average American: Uninformed, and unconcerned.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Huck

Amen. Looks like many buying opportunities to me.


22 posted on 06/07/2010 1:55:27 PM PDT by PjhCPA (Vote for the most electible, conservative........all else leads to more Pelosi, Reed, and Obama)
[ Post Reply | Private Reply | To 18 | View Replies]

To: USALiberty

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.


23 posted on 06/07/2010 1:55:33 PM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: USALiberty

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.


24 posted on 06/07/2010 1:57:47 PM PDT by Dayman
[ Post Reply | Private Reply | To 1 | View Replies]

To: brownsfan

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.


25 posted on 06/07/2010 1:58:09 PM PDT by Huck (Q: How can you tell a party is in the majority? A: They're complaining about the fillibuster.)
[ Post Reply | Private Reply | To 21 | View Replies]

To: Deo volente
Didn't Woodrow Wilson already pull that trick making it illegal to own gold at that time? That's why I am not buying gold. Obama will do the same thing.
26 posted on 06/07/2010 2:01:41 PM PDT by irishfox
[ Post Reply | Private Reply | To 19 | View Replies]

To: USALiberty

Takeover, Baby, Takeover...
The Destroyer continues.
When will it end?
Time for the Young and Able to emigrate...


27 posted on 06/07/2010 2:04:58 PM PDT by billuk1
[ Post Reply | Private Reply | To 1 | View Replies]

To: irishfox

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!


28 posted on 06/07/2010 2:07:44 PM PDT by Circle_Hook (Lies, deception and payoffs will get you everywhere)
[ Post Reply | Private Reply | To 26 | View Replies]

To: USALiberty

29 posted on 06/07/2010 2:12:36 PM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
[ Post Reply | Private Reply | To 1 | View Replies]

To: PjhCPA

Why did the BP exec sell his shares just before the blow up?

http://www.globe-democrat.com/news/2010/jun/05/bp-chief-sold-shares-before-spill/

I understand Goldman Sachs did the same thing.

http://rawstory.com/rs/2010/0602/month-oil-spill-goldman-sachs-sold-250-million-bp-stock/

Maybe holding off on investing here is a good idea for now.


30 posted on 06/07/2010 2:19:43 PM PDT by irishfox
[ Post Reply | Private Reply | To 22 | View Replies]

To: Circle_Hook
Ok. I did not know our dollar was no longer backed by gold. Isn't that a bad thing? lol
31 posted on 06/07/2010 2:23:35 PM PDT by irishfox
[ Post Reply | Private Reply | To 28 | View Replies]

To: irishfox

I don’t recall that. FDR did that, IIRC.


32 posted on 06/07/2010 2:24:57 PM PDT by savedbygrace (Rev 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord)
[ Post Reply | Private Reply | To 26 | View Replies]

To: savedbygrace

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?


33 posted on 06/07/2010 2:32:03 PM PDT by irishfox
[ Post Reply | Private Reply | To 32 | View Replies]

To: Huck
Be careful there, Huck, m'FRiend. There are AT LEAST 2 other shoes to drop in the BP affair. Good instincts on your part, but, candidly, if you get long right now (or in the near future), you're simply too early.

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.

34 posted on 06/07/2010 2:32:55 PM PDT by SAJ (Zerobama? A phony and a prick, ergo a dildo.)
[ Post Reply | Private Reply | To 18 | View Replies]

To: irishfox
So move it out of the country. This is entirely legal to do. Further, if you invest in non-US real estate, you don't even have to report your ownership to the Feds, only any income you derive from it.

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.

35 posted on 06/07/2010 2:37:00 PM PDT by SAJ (Zerobama? A phony and a prick, ergo a dildo.)
[ Post Reply | Private Reply | To 26 | View Replies]

To: skeeter

“Maybe they’re diving down the market so by the time they snatch our 401ks we won’t care.”

Bing! Bing! Bing! We have a winner!


36 posted on 06/07/2010 2:38:03 PM PDT by ebshumidors ( Marksmanship and YOUR heritage http://www.appleseedinfo.org)
[ Post Reply | Private Reply | To 4 | View Replies]

To: SAJ

Interesting.


37 posted on 06/07/2010 2:40:57 PM PDT by irishfox
[ Post Reply | Private Reply | To 35 | View Replies]

To: irishfox
What’s to stop ‘ZERO’ from doing that too?

Nothing. What's stop him from successfully doing that? Massive noncompliance.

38 posted on 06/07/2010 2:43:06 PM PDT by savedbygrace (Rev 22:20 He which testifieth these things saith, Surely I come quickly. Amen. Even so, come, Lord)
[ Post Reply | Private Reply | To 33 | View Replies]

To: brownsfan
Whatever happened to buying a stock, and accumulating wealth based on performance and DIVIDENDS?

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.

39 posted on 06/07/2010 2:44:49 PM PDT by Alberta's Child ("Let the Eastern bastards freeze in the dark.")
[ Post Reply | Private Reply | To 10 | View Replies]

To: Alberta's Child
You would be amazed how people do NOT know that;

"The lower rates will expire at the end of 2010 with the capital gains tax rate rising to 20 percent and the dividends rate rising to 39.6 percent."

The Economic Effects of the Lower Tax Rate on Dividends

40 posted on 06/07/2010 5:03:17 PM PDT by Kid Shelleen (Keep your socialized health care off my body !!)
[ Post Reply | Private Reply | To 39 | View Replies]

To: Kid Shelleen

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?

toodamtall1@yahoo.com


41 posted on 06/07/2010 6:10:04 PM PDT by bicyclerepair (FR - my online family. From Ft. Lauderdale, Florida)
[ Post Reply | Private Reply | To 40 | View Replies]

To: SAJ

Thanks for the advice. Check this out:

http://www.freerepublic.com/focus/news/2529796/posts?page=1

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.


42 posted on 06/07/2010 6:26:00 PM PDT by Huck (Q: How can you tell a party is in the majority? A: They're complaining about the fillibuster.)
[ Post Reply | Private Reply | To 34 | View Replies]

To: Huck
Well, Huck, I did check your link out...only to find it had been pulled.

Could you summarise it for me, if you would? Thanks, as they say, in advance!

Best to you,

43 posted on 06/07/2010 7:44:26 PM PDT by SAJ (Zerobama? A phony and a prick, ergo a dildo.)
[ Post Reply | Private Reply | To 42 | View Replies]

To: bicyclerepair
That is a tough call. It depends on a lot of factors. My suggestion is to get someone you trust and crunch all the numbers. I keep some of my 401K money with Vanguard. I posted an article the other day about how well some of their bond funds are holding up through all of these economic problems. Of courese in a rising interest rate environment bond funds could be problematic.

Vanguard Bond Funds Get the Job Done
44 posted on 06/08/2010 4:13:36 AM PDT by Kid Shelleen (Keep your socialized health care off my body !!)
[ Post Reply | Private Reply | To 41 | View Replies]

To: SAJ

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.


45 posted on 06/08/2010 4:44:05 AM PDT by Huck (Q: How can you tell a party is in the majority? A: They're complaining about the fillibuster.)
[ Post Reply | Private Reply | To 43 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson