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The bad news for the economy keeps on rolling.

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Robert Williams

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The DOW futures are down over 150 points this morning and today could be the day we see the Dow Jones drop under 1600. Oil is down to around 80 bucks a barrell and the Saudis aren't interested in cutting production. In fact, the "message" from the Saudis is that they can hang for a year at that level and the US is going to have to cut production. Retail sales are down 0.3 percent, more than forecast and there are signs of a worldwide slowdown. And I'm wondering already how the democrats are going to play this with November elections just six weeks or so away. I wonder how many liberals are going to swear up and down that this is all underhanded market manipulations by republicans just to make democrats look bad.

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Yeah - ain't it funny that when gas was over a buck-fifty a gallon they all screamed about bush as an oilman manipulating the market. Now that King Putt is running the show with gas over 3 bucks, nothing. Coyote's howling in the distance. Crickets. Tumbleweeds blowing across the street.

 

Yet, the usual suspects keep digging.

 

Frank - you guys have OWNED this for the last 6 years yet its still Bush's fault?

 

9/11 happened within 9 months and Bush was responsible for that.

 

Six years into the reign of destruction of King putt and you all negelct ownership of anything. Not one I-O-T-A.

 

Comment?

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Should we be asking if we are better off now than when Bush left office? I recall a free fall with the fed embracing socialism for the fist time in history as a hail mary?

 

I recall the OP declaring the end in sight and getting out of they stock market and into gold to avoid the impending doom.

 

 

 

I guess if you claim the other shot is about to drop year in and year out, eventually you will be right.

 

 

 

 

 

What hasn't changed is the kicking of the can in DC. Deficit spending is still embraced by both parties (actually fiscal policies and not the lip service). Case in point is that the republicans have been silent on the deficit and laying low until AFTER the elections.

 

But boy did they come out and show their outrage over lattegate.

"... let it go - lets move forward."

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Care more, about the threat of bad things?   


"Many studies have shown that we care more about the threat of bad things than we do about the prospect of good things. Our negative brain tripwires are far more sensitive than our positive triggers. We tend to get morefearful than happy. And each time we experience fear we turn on ourstress hormones."


At my age, just about everything pisses me off!

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Should we be asking if we are better off now than when Bush left office? I recall a free fall with the fed embracing socialism for the fist time in history as a hail mary?

 

I recall the OP declaring the end in sight and getting out of they stock market and into gold to avoid the impending doom.

 

 

 

I guess if you claim the other shot is about to drop year in and year out, eventually you will be right.

 

 

 

 

 

What hasn't changed is the kicking of the can in DC. Deficit spending is still embraced by both parties (actually fiscal policies and not the lip service). Case in point is that the republicans have been silent on the deficit and laying low until AFTER the elections.

 

But boy did they come out and show their outrage over lattegate.

 

Your have amazing recall of all things imaginary. I never made any claim that people should buy gold or that I bought gold myself. You can't lie about other people if you can bring yourself to talk about topics instead of other people.

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Markets are down on global fears. The US is pretty much at the top of the hill and the dollar had been on a good run. Been anticipating this correction for a while. Killing it with UVXY.

 

 

Would the thinking be that the market has made it's run and that growth cannot keep pace. This usually leads to volatility are the market tries to get out of no mans land on pricing before it settles in on a price consensus. That is usually a sign of a correction on the horizon.

"... let it go - lets move forward."

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Your have amazing recall of all things imaginary. I never made any claim that people should buy gold or that I bought gold myself. You can't lie about other people if you can bring yourself to talk about topics instead of other people.

 

sorry I wasn't clear. I was stating my recall of your opinions and didn't mean to say you actually did the investing you alluded to in your posts. Lest we spoke you talked in circles. Such as when asked about your getting out of stocks, you said there are other ways of benefiting from an up market, but didn't say what they were or whether or not you invested in them.

 

 

I do recall you being bullish on gold and bearish on stocks. when I reference your views on the market, I mean what you posted here and not your actually portfolio. I fully recognize your posts about investing are very illusive and may or may not reflect your actual portfolio,

 

 

 

If you were bullish on stocks and bearish on gold when Obama took office, then my bad for misunderstanding your intentions.

"... let it go - lets move forward."

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Your have amazing recall of all things imaginary. I never made any claim that people should buy gold or that I bought gold myself. You can't lie about other people if you can bring yourself to talk about topics instead of other people.

 

sorry I wasn't clear. I was stating my recall of your opinions and didn't mean to say you actually did the investing you alluded to in your posts. Lest we spoke you talked in circles. Such as when asked about your getting out of stocks, you said there are other ways of benefiting from an up market, but didn't say what they were or whether or not you invested in them.

 

 

I do recall you being bullish on gold and bearish on stocks. when I reference your views on the market, I mean what you posted here and not your actually portfolio. I fully recognize your posts about investing are very illusive and may or may not reflect your actual portfolio,

 

 

 

If you were bullish on stocks and bearish on gold when Obama took office, then my bad for misunderstanding your intentions.

 

Listen one more time. I never advocated buying gold. And what you misremember "The OP" saying has no bearing at all on this, anyway. So why don't you keep your comments about the topic instead of other members and then you won't get called out for making s*hit up as you go along. It makes you look petty, dishonest and hypocritical.

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[

Listen one more time. I never advocated buying gold. And what you misremember "The OP" saying has no bearing at all on this, anyway. So why don't you keep your comments about the topic instead of other members and then you won't get called out for making s*hit up as you go along. It makes you look petty, dishonest and hypocritical.

 

 

 

I already offered "my bad"

 

 

 

why so silent on equities. Were you bearish on stocks? Were you advocating getting out of stocks? Did you sell equity and go into other investments?

 

I may have gotten your opinions on gold wrong. but was I correct in remembering your opinions on stock - since the DOW was the lead in your OP?

"... let it go - lets move forward."

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