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Stocks are worth zero in THIS America (vanity)

Posted on 06/07/2010 1:28:51 PM PDT by USALiberty

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1 posted on 06/07/2010 1:28:51 PM PDT by USALiberty
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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)
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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?)
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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
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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
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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)
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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
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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
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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
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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.)
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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.)
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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 .)
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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.)
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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
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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.)
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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)
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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.)
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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.)
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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.)
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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.)
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