Posted on 03/23/2009 2:48:31 PM PDT by tobyhill
I still couldn’t take another bite into silver since it was only down about a dime today. If this is what people are calling a bull market (gold and silver at 25 year highs) then I don’t know what to say. The fundamentals only get worst (in my opinion) when the government decides to “cover loses” and “buy bad loans”. If only I can get a real down day on the commodity markets (specifically silver/gold) I can buy in big time. Unfortunetly for now people are still hovering in the Precious metals markets.
Nothing has changed
Real, but I know that will not happen just NASDAQ.
payed back to who? From what I can tell the feds are borrowing from themselves now.
Maybe you mean to china. well, China has about 687 billion in US treasuries. The Feds will soon be selling trillion dollar notes and China will be effectively broke. The markets are, at this point, illogical and numbers (as far as I am concerned are fudged and made up..for all intent and purpose)
The rise in the indices today is only because of the positive news from the housing market. It has nothing to do with the government.
IMO, of course.
“Ya gotta dance when the music is playing”, or something like that.
My two NYSE stocks, BC and TTM are up 12.6% and 13.3% today. Even my Canadian juniors are starting to wake up.
There is no reason not to acquire some good names now, at least while the music is playing.
All IMHO.
ping
The greatness of Reagan was he had core principals that he tried to lead by. In the case of the bailouts we abandoned the principal of letting the mkts discipline the mismanaged companies. We bailed out all the bad actors and kept them in charge. The businesses that were well run were never given the opportunity to step in and replace the mismanaged firms.
Instead we were hit with the drum beat of "imminent systemic failure" when the reality is the wall street elites mismanaged their businesses and the govt elites stepped in to save them. We should have let them fail.
Now we are entering into a period of CORPORATISM which is a key element of FACISM
My man. G20 this weekend like every multi-governmental gabfest always means a gold smashdown the following week. I'll be right there with you if I see one of my silver miners "consolidate" some of the gains of the past five days.
Really it just might be that “the market” has figured out that the dollar is on its way to becoming worthless.
if this were so then the 10 year bond rates would sky rocket. They haven’t, hence your hypothesis is false.
I have no clue as to why the market reacted that way today.
I haven’t read anything that made any sense either.
You should be careful about being so sure of your assertions. In fact, you should ask yourself why it is that buyers are accepting a half percent or less return on Treasuries. The answer is that the major buyer of Treasuries is the Federal Reserve. Their cost to buy Treasury Paper is zero, which helps them force market prices down. (BTW, the Fed used to be prohibited from using Treasury Paper as "collateral" for the notes they create, but no more.)
I will be re-posting this ALL day.
If there is no public outrage to scrap this Geithner plan, Americans can kiss their financial future and their liberties goodbye. We, and our children, and our children’s children will become tax slaves to the plutocracy of this country. No future, no hope, no say for ordinary Americans, just the insider elite.
Call the Whitehouse. Call you Congress Representative. Call your local radio stations. Call your local newspapers. TAKE TO THE STREETS.
This TREASON must not be allowed to proceed.
Obama jut got re-elected....oh well, on to 2014/2016 at the earliest if there is to be any hope for our side...
The market says “free money, not free markets”. I still cannot believe they go up knowing full well the gov’t is taking partial ownership. That PDF transcript of the AIG hearings makes a statement early in the document about the government declaring ownership of their stake in AIG. Why does wall street continue to re- enforce this bad behavior?
Captains log (wakeup call) stardate 2454.034
The economics of the future are different from the 20th and 21st century...
“And a loaf of bread will be $30.”
I’m completely removing myself from the market. Growing my own vegtables, canning, couple of dairy cows, homemade icecream. Buying fabric and making my own clothes.
Wake me up when the nightmare’s over.
I was referring to indivduals borrying money fom banks, but I did not do a good job of conveying the idea.obama or one of his deciples was saying now that the government is buying “bad” investments from the banks, they [banks] would have more money to lend.I ment to say that if one culd not pay the money back, why borrow it?
I still believe that it is the DemocratParty and obama’s goal to bankrupt the United States.
Geithner’s bailout accomplishes three things:
1) Gives another $1T of taxpayer money to the banks.
2) Sets the highest possible “market value” for the securities. They are auctioned off, but the bidders get to spend taxpayer money instead of their own - how prudent are they going to be?
3) Provides political cover for Geithner - after all he didn’t choose the purchase price, the “free market” did. How can anyone blame him?
It used to be that the government stole a few tens of billions here and there for their rich friends, but at least they cared enough about what we thought to keep it out of the public eye or invent convincing lies. They actually worried a little bit about public outrage.
Today it’s just one trillion-dollar in-your-face theft after another, and they hold us in such contempt that they don’t even bother to invent lies that are halfway plausible. Can Geithner even talk about this with a straight face?
When the price-rent ratio is at 90-100 (.9 to 1) and the TED spread is less than 100 basis points, then I would say the markets could be tinkered with. Until then spread it out in FDIC boxes or Treasuries.
Those numbers could be at that point now, I stopped paying attention...anyone know the current price-rent ratio and TED Spread?
I think the housing bottom will be when the p/r ratio hits .9 and will go up and plateau at 1 for the long haul. If the TED spread and come along for the ride, then we just sent back and watch for private capital injections. Only then will I utter the phrase “recovery is nigh”.
The QQQQs have broken the FIFTY day, not the 200 day MA, which is up near 34.4. Can the mkt put on another 10%? I’m a litle doubtful myself, but I am certainly not ready to start shorting. This was a mondo powerful rally today.
the difference etween tips (inflation adjusted bond rates) and the usual ten year bond is about 1.4%.
This is what inflationary expectations are.
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