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MARKET CRATERS (DJIA -279) ON MOUNTAIN OF HORRIBLE NEWS: Here's What You Need To Know
TBI ^
| 6-1-2011
| Joe Weisenthal
Posted on 06/01/2011 2:46:20 PM PDT by blam
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1
posted on
06/01/2011 2:46:27 PM PDT
by
blam
To: blam
Watch: Blaming it all on Republicans who voted down raising the debt ceiling in 5...4...3...2...1
2
posted on
06/01/2011 2:48:12 PM PDT
by
Attention Surplus Disorder
(Tired of being seen as idiots, the American people went to the polls in 2008 and removed all doubt.)
To: blam
All I need to know is that Obama is in the White House. We are Doomed.
3
posted on
06/01/2011 2:48:30 PM PDT
by
screaminsunshine
(Socialism...Easier said than done.)
To: blam
Buy Greek bonds! Look at the return on them!/s
4
posted on
06/01/2011 2:50:48 PM PDT
by
dynachrome
("Our forefathers didn't bury their guns. They buried those that tried to take them.")
To: blam
Doesn’t the Insider usually shill for the Regime?
5
posted on
06/01/2011 2:52:39 PM PDT
by
Lazlo in PA
(Now living in a newly minted Red State.)
To: blam
Gold soared.I wonder why silver tumbled downward around 3-4pm EDT?
6
posted on
06/01/2011 2:57:04 PM PDT
by
OB1kNOb
(Paradox: To dumb down the citizenry so they won't think for themselves, the government educates them)
To: blam
Profit taking. Soon it will be going back up. The news does not mater. They have the stock market all under control.
7
posted on
06/01/2011 3:04:07 PM PDT
by
Revel
To: blam
Why the market is above 6,000 is beyond me. Well sorta...
I’m sure it’s related to individual stocks (the DOW 30) and not the actual health of Wall Street or the economy. Still, 12,500? Whackadoo.
8
posted on
06/01/2011 3:04:10 PM PDT
by
DoughtyOne
(Tell me you haven't asked yourself what mistake Obama made, that wound up causing Laden's death?)
To: OB1kNOb
At times the metals can tank because it looks like industrial need may be extremely weak. I have noticed that silver is somewhat detached from gold lately. It’s strange traditionally for me to see them go in different directions, but then I’m not watching the market all the time either.
9
posted on
06/01/2011 3:07:17 PM PDT
by
DoughtyOne
(Tell me you haven't asked yourself what mistake Obama made, that wound up causing Laden's death?)
To: DoughtyOne
Why the market is above 6,000 is beyond me.
Because US stocks are valued in dollars. When the dollar weakens, stocks strengthen. That's it right there.
10
posted on
06/01/2011 3:09:01 PM PDT
by
Antoninus
(Fair warning to the GOP--nominate a RINO and I'm going 3rd party.)
To: blam
You must be doing something right. My stocks rose 1.5% net
today:)
To: Antoninus
Well, I’m sure that’s part of it.
12
posted on
06/01/2011 3:18:34 PM PDT
by
DoughtyOne
(Tell me you haven't asked yourself what mistake Obama made, that wound up causing Laden's death?)
To: blam
No problem for gold today.
13
posted on
06/01/2011 3:22:04 PM PDT
by
grumpygresh
(Democrats delenda est)
To: blam
From what I read, the only good news that sent stocks up yesterday was that Greece was able to get more loans. Now I would think the fact that Greece still needs to borrow money would be bad news, but not according to the investors.
Today, reality must have sunk in.
14
posted on
06/01/2011 3:27:44 PM PDT
by
TwelveOfTwenty
(Compassionate Conservatism? Promoting self reliance is compassionate. Promoting dependency is not.)
To: blam
There will certainly be more QE. The governments not going to shrink willingly. Only the climax of the default will do that. The slide will probably be long, slow and very deep.
15
posted on
06/01/2011 4:28:23 PM PDT
by
familyop
(Shut up, and eat your brains!)
To: blam
One World Currency......it will save us all.
16
posted on
06/01/2011 4:35:12 PM PDT
by
SkyPilot
To: blam; All
The worldwide deflationary depression is getting worse. QE3 is problematic, Bernanke must know it can't work or even extend the denouement now. The administration is in fantasy land, as is most of congress. Obama is worried about his short game. The first Greek buyout should have bought two years. It's only been one. The dominoes are wobbling.
I've been preparing for quite some time, but its still disturbing to stare this in the face.
17
posted on
06/01/2011 4:51:59 PM PDT
by
SaxxonWoods
(Throw away your papers, blow up your TV...and set yourself free.)
To: blam
The TBTF banks have enough reserves stockpiled (a few trillion) at this point thanks to Ben exchanging taxpayer dollars at 0% for toxic assets marked up at full value. Ben lets the market tank for two reasons: 1) Oil prices are crushing the middle class before an upcoming election, which is bad for keeping the career politicians in place to keep rubber stamping the ponzi scam called the FED and 2) Ben is starting to sweat that the FED may not make it out of this mess intact if he keeps blatantly doling out trillions of dollars to the international banking club behind closed doors.
Once the market tanks and oil goes down, Ben fires up the QE3 presses, Wall St. and the TBTF banks snap up everything on the cheap with their reserves and watch them shoot back up due to the FED funded rigged market. Ben avoids any political fallout because he is saving the politicians by saving the market (this is the same leverage they used to hammer out TARP against overwhelming voter dissent). It is a perpetual ponzi scheme conveyor belt of wealth for the crony capitalists that now are blood sucking us dry. The end game will be when the dollar ceases to be the world reserve currency. But by then, these guys will have moved on, leaving us to pick up the pieces.
To: SaxxonWoods
Off to buy some eggs and milk...
To: Gen-X-Dad
"Once the market tanks and oil goes down, Ben fires up the QE3 presses, Wall St. and the TBTF banks snap up everything on the cheap with their reserves and watch them shoot back up due to the FED funded rigged market." Another year, two?
20
posted on
06/01/2011 7:29:55 PM PDT
by
blam
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