Posted on 08/25/2010 2:18:06 PM PDT by E. Pluribus Unum
They just barely managed to pump it up over 10,000 today.
10,000 is the psychological tipping point.
(Excerpt) Read more at finance.yahoo.com ...
Where does one put retirement money?
First Mattress and Bedspring Bank....you get a better return compared to everywhere else
Another place you can look at is Indexed Annuities with income riders. Essentially you are getting your money back plus some interest and any market gains but non of the losses. They buy reinsurance so you or you and your spouse cannot out live the income. i.e. it is a lifetime income.
Depending on your age they can do 6.5% or more. Insurance companies survived the Depression. Banks will fail before insurance companies.
I am not saying this is the right path but it could be and is just another idea.
You can actually create your own “bank” using whole life insurance. Pamela Yellen wrote the book Bank on Yoiurself and others have touted this idea.
"What say you blam? ;-)"
Absolutely.
Yet if it was a Bush presidency, the RATS would be talking down the market like there is no tomorrow; the markets are fixed. Look not too far back see what Schmuck Schumer did in causing all the hysteria when the markets plunged at the end of the Bush presidency. Another thing, all during the Bush presidency, we heard all the time why gas prices were so high. In all the summers, gas prices always spiked and it was called “supply and demand” and it was also called Bush’s fault. Where I live, that is what was said. All we have done this summer is see gas prices plummet day after day and I see quite a few filling up their cars for trips. It was manipulated while it was going up during the Bush years but now, the powers that be, are letting the prices fall so Fing idiot in the white house looks good.
It doesn’t end then. his keepers and henchmen continue even when he is away.
I don’t know if he is even the figure head but he is who I hate the most for his sneering smart ass ways.
“The pros are making money off of volatility these days. They like big drops. They hype the downside, people freak and sell, the pros buy. Things calm down, people buy back in, the pros start hyping the negative again,and it repeats. It’s the only way for them to make money in this sort of economy.”
Agree 100%. I’d also say that letting it float down during the primaries reinforces to the folks the Dems are economically challenged. I suspect if the pubbies win big in Nov, we’ll see some positive action. Then level out until it becomes apparent that the Obamination has been stopped in his tracks.
I also suspect if the Obama agenda hadn’t passed the DOW/SP500 would be higher and unemployment lower. If things continue, there will be a lot of rubbish going out of Congress. Then on to the WH.
Hey! Lighten up! He's only buying shrimp!
bump
No doubt. I was merely referring to what I felt most institutional traders or managers use as a conversational reference point. I think the DOW has lost much of it’s relevance.
10,001.25...
Woo hoo! We're under the oppressive, capitalist floor of 10,000!
Now, we shall begin to redistribute the wealth of the share holders to...to...to nobody!
Hail 5000, we welcome thee...
No, it’s an official memo from the “Plunge Protection Team”, but it doesn’t have the words “Plunge Protection” in it. That’s their nickname, not their official name.
So, we have determined that
1. They exist
2. They issues memos on the economy in times of crisis.
I agree that from this memo you can not determine if they are actually taking actions to prop up the stock market and hold down the price of PMs on an ongoing basis, as some claim.
That is a claim that would require further study. Is it your assertion that they don’t do those things? What do you mean by “The PPT is BS” exactly?
That was my point.
Is it your assertion that they don’t do those things? What do you mean by “The PPT is BS” exactly?
I've never seen any proof that the gubmint is propping up the stock market. End of the day rallies don't make me think the gubmint is playing games any more than end of the day routs made me think it back in the fall of 2008.
That's not to say SOMEONE isn't manipulating or trying to manipulate the market. I think corruption is always a safe assumption. But the powers that be make money both ways--up or down. In fact, in times like these, they like volatility, because they can make money off of that. So, I assume that whoever is trying to manipulate the market does it in both directions.
I also assume that those powers are greater than the powers of the US government. I see the US government as puppets. Who's pulling the strings? Bilderbergs? CFR? A cabal of Jewish bankers? Goldman Sachs? Beats me. But if some goombas from the city can organize and control trucking, gambling, labor unions, etc, I have to assume, in a world that tells a long unbroken tail of greed and death, that there are powers that can organize at the highest levels. I think they figured out it's better to be unseen and unknown, than to be like Charlemagne or Alexander the Great or Hitler. Better that they don't even know what you're up to. But those are just guesses.
tail=tale. sorry.
It is August...... The trading during August is not truly representative because the B team is on the field
We agree. Thanks for the clarification.
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