The only way this sentence can be misinterpreted is if you have a retarded grasp of syntax
Crusty VGchartz old timer who sporadically returns & posts. Let's debate nebulous shit and expand our perpectives. Or whatever.
TheRealMafoo said:
I say in the next few months, we will see the DOW lower then it has been. This local min is just that... local. |
What is your argument to that effect? I don't really see anything in the foreseeable future that will cause the stock market to go belly-up. You can say that a large deficit in Washington will do it, but there isn't a lot of historical evidence that Wall Street worries about the country running deficits.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
If he can convince everyone on the planet that there is not a crisis of confidence in the economy, then by definition there won't be one. So making such a statement is a good idea, in case it works.
akuma587 said:
What is your argument to that effect? I don't really see anything in the foreseeable future that will cause the stock market to go belly-up. You can say that a large deficit in Washington will do it, but there isn't a lot of historical evidence that Wall Street worries about the country running deficits.
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Well Switzerland is in some serious financial trouble.
If Switzerland goes bankrupt... that could cause a whole shockwave of new problems.
I mean, the Swiss government doesn't have the money to bail out swiss banks if they need to. Their two biggest banks balance sheets are like over 10 times larger then the countries GDP.
Its a good idea for leaders to have a positive outlook. Regardless of how many people still think otherwise, the majority will likely lean toward the general mood. People also have a high capacity for hope if it is cultivated. His mood shift is definitely needed and will affect economic confidence to some extent, but we'll know eventually what that extent is and if it will do much to slow the progression of the recession or if the recession is at a point with the added programs and aid that the slight shift in confidence will stop its effects.
| blaydcor said: The only way this sentence can be misinterpreted is if you have a retarded grasp of syntax |
No you.
Though Obama didn't actually say that. That who "on Thursday" bit was what the journalist wrote. Now if Obama had actually mentioned the Thursday part, then you might have some argument... ;-p
starcraft: "I and every PS3 fanboy alive are waiting for Versus more than FFXIII.
Me since the games were revealed, the fanboys since E3." 
Skeeuk: "playstation 3 is the ultimate in gaming acceleration"
Eventually the economy will stabilize and the market will recover but that probably won’t be happening soon and you should probably prepare for things to get worse ...
By the end of the year the damage from the collapsing housing market and the high foreclosure rate will have worked their way through the system; and then we will start dealing with the damage from a high unemployment rate, loss of consumer confidence, failure of uncompetitive companies (see auto manufacturers), and the massive reduction in capital investment due to lack of credit. When we get through the second wave of problems we will start dealing with the problems caused by an out of control federal reserve, rapidly increasing taxes, massive reductions in government spending, and/or record deficits.
Until we're in a position where the average p/e ratio is between 2 and 5, and/or the typical dividend is in the 12.5% to 25% range I wouldn't make any claims that the market can only go up from here ...
akuma587 said:
What is your argument to that effect? I don't really see anything in the foreseeable future that will cause the stock market to go belly-up. You can say that a large deficit in Washington will do it, but there isn't a lot of historical evidence that Wall Street worries about the country running deficits.
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Inflation is about to rise at levels never seen before in the US. We have injected an insane amount of new money into the economy.
Spending is one thing, printing up trillions of dollars and just dumping it into the economy is another. As inflation rises, companies will fall. For the market to rise, companies have to do well. For the market to drop, they have to do bad. Soon, more banks will fall, GM might fall, some major corporation we are not even thinking about will go into bankruptcy (or 100 of them).
When that happens, the market will fall again. We are decades away from getting out of this, not years. This great depression has just started.
TheRealMafoo said:
Inflation is about to rise at levels never seen before in the US. We have injected an insane amount of new money into the economy. |
and the new Revolution has only begun. Amen to modern-day Common Sense, Mafoo.
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