Posted on 01/31/2014 6:48:57 AM PST by John W
Up 200 yesterday = down 200 today. If you don’t like it, just wait until tomorrow.
Why? Ask Mr. Market, he’s a very mercurial fellow.
The market is down less than 5% YTD. If this is the expected correction we have more downside to go.
Mr. Market if open at 5pm yesterday would have been down about 100 on the djia.
That is because Amazon report crappy earnings at about 4pm.
Only about 125 points of this fall is from emerging market fall out.
They will seize your IRA and 401K. And Americans will beg them for the Treasury bond they will offer when it gets bad enough. Trust me.
Watch.
What a balled faced lie, the real reason is the slowing of printing more money and giving it to the bankser’ who in turn invest it in the market causing the market to inflate. Now that they have slowed that train down the market will correct. The when they can get great prices again they will ramp it up again.
Just look how they crashed the gold and silver market when the mint ran out of silver to make coins with, now they are able to buy the silver cheap, then they will ramp the price back up and the government will sell silver coins at a huge profit.
Give it time.....it is coming. The Great Depression II.
Emerging market my arse...this whole thing is hanging by a thread.
Just wait until inflation and higher rates kick in.
A 200 point drop will be considered the good old days.
For a short time, but they cannot sustain the bubble. The clock is ticking.
Will this be a really bad day under Obama? Usually not allowed to happen.
2 letters actually: QE
Without that, we are falling off a cliff like the Wile E. Coyote in the cartoons.
There will be deflation, combined with inflation. Deflation where it hurts us, and inflation when it helps them.
I stopped contributing to the company 401K in 2008, when the markets took the big dive.
Yesterday, one of my co-workers was trying to convince me to go back in (”the water’s fine!”). I’m not so sure now . . .
For some reason I hung on and did pretty well over the last couple years. The thing is that stock market gains are an illusion and can easily be erased in a matter of days.
Market timing is a losing proposition.
“Give it time.....it is coming. The Great Depression II. ”
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It’s already here.
Don’t you have a money market fund in your 401K? Does your employer match any part of the contributions?
Only about 125 points of this fall is from emerging market fall out.
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Corporate earnings reports in general have not been great. You’re right, there’s more at play here than emerging markets. The MSM wants us to think that external forces are driving the markets down but that’s not the whole story.
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