justin
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| super gloomy article thread
»www.telegraph.co.uk/finance/comm···yss.html
quote:
We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.
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Kramer
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Richmond, VA
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| Cramer has made the decision to tell the country to get out of the stock market unless you are willing to wait five years. »www.msnbc.msn.com/id/21134540/vp···27045406
The market is going to crash today. |
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Kramer
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Richmond, VA
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| reply to justin
I found this almost funny... well to tell you the truth for some stupid reason I laughed.
The crisis engulfing Europe, Asia and emerging markets, makes life easier for Washington. The United States is becoming a safe-haven again.
I guess we will not have any problem financing the bailout. |
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justin
Australian
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| said by Kramer  :I found this almost funny... well to tell you the truth for some stupid reason I laughed. The crisis engulfing Europe, Asia and emerging markets, makes life easier for Washington. The United States is becoming a safe-haven again. I guess we will not have any problem financing the bailout. it does and it doesn't
yeah money floods in which mean the treasury auctions should go ok. However, and this is pretty important, the dollar has wiped out all of those claims earlier in the year that the weak USD was good for US exporters.
So now if there is a consumer led recession there might also be an export-led recession as well. Not that america seems to need a trade surplus to function but a lot of the stock market is international earnings. |
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IIIBradIII
Comm M-E-L Instr
join:2000-09-28
Greer, SC
| reply to Kramer
said by Kramer :Cramer has made the decision to tell the country to get out of the stock market unless you are willing to wait five years. » www.msnbc.msn.com/id/21134540/vp···27045406The market is going to crash today. Whoa, he's not kidding... |
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46778131
T-Bills Are Your Friend
join:2008-09-09
Newark, DE
| reply to Kramer
said by Kramer :Cramer has made the decision to tell the country to get out of the stock market unless you are willing to wait five years. » www.msnbc.msn.com/id/21134540/vp···27045406The market is going to crash today. Jim Cramer is coke head for a reason. If you take any of his stock picks seriously. I have a bridge in Brooklyn for sale if your interested? |
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Gbcue
Shiny
Premium
join:2001-09-30
Sacramento, CA
clubs:
| reply to Kramer
said by Kramer :Cramer has made the decision to tell the country to get out of the stock market unless you are willing to wait five years. » www.msnbc.msn.com/id/21134540/vp···27045406The market is going to crash today. Wow, he's got a suit on! |
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cabana
now in strawberry
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56k lookout! (broa..
| I wonder sincerely how much the "average" american really understands what is happening here. Most look at the (cough)"news" and half the time only one source at that ...
I sincerely HOPE that all of us are learning something here for going forward?! |
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Jehu
Premium
join:2002-09-13
MA
 ·Comcast
| said by cabana :I sincerely HOPE that all of us are learning something here for going forward?! I don't have any money in the Stock Market, but I learned that on October 3rd 2008, there were exactly 74 US Senators, 263 US congressmen and 1 US President that are not concerned with the "average" American.
I think a large percent of "average" Americans understand this, while their representatives don't care. |
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justin
Australian
join:1999-05-28
Brooklyn, NY | reply to justin
Crox is now two bucks a share.
Remember crox? those plastic shoes supported a stock price of over $60, and a commensurately huge market cap..
if this dump the market is taking is cleaning out the Crox, then good job. |
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alg
On the road to Shambala
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Austin, TX
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| said by justin :if this dump the market is taking is cleaning out the Crox, then good job. Just goes to show that every dark cloud really does have a silver lining. 
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Change we can believe in? I'd rather have dollars we can believe in. |
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Omega
Displaced Ohioan
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Santa Maria, CA
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 ·AT&T Midwest
| reply to justin
said by justin :Crox is now two bucks a share. Remember crox? those plastic shoes supported a stock price of over $60, and a commensurately huge market cap.. if this dump the market is taking is cleaning out the Crox, then good job. Only good news I have heard all day! |
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Mark Z
Use Your Brain
Premium
join:2002-10-14
Gatineau, QC
·Bell Sympatico
·Primus Telecommuni..
| reply to Kramer
said by Kramer :Cramer has made the decision to tell the country to get out of the stock market unless you are willing to wait five years. » www.msnbc.msn.com/id/21134540/vp···27045406The market is going to crash today. Cramer looked like he was ready to cry. Man oh man...
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»www.norml.ca/ |
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Gbcue
Shiny
Premium
join:2001-09-30
Sacramento, CA
clubs:
| reply to justin
said by justin :Crox is now two bucks a share. Remember crox? those plastic shoes supported a stock price of over $60, and a commensurately huge market cap.. if this dump the market is taking is cleaning out the Crox, then good job. Yeah LOL. |
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Bobcat
1.20.09 - The End of an Error
Premium
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Bedminster, NJ
·Verizon Online DSL
| reply to justin
If you invested in CROX at the peak, you've lost 97% of your money. |
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justin
Australian
join:1999-05-28
Brooklyn, NY | And when Crox was at $67 my bet is most analysts had a buy or hold on it, and a price target of ($67 + $random dollar amount). |
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Bobcat
1.20.09 - The End of an Error
Premium
join:2001-02-04
Bedminster, NJ | Peak was actually 75.21
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02NH NORMAL HALT |
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Kramer
Premium,Mod
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Richmond, VA
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| reply to justin
said by justin :it does and it doesn't yeah money floods in which mean the treasury auctions should go ok. However, and this is pretty important, the dollar has wiped out all of those claims earlier in the year that the weak USD was good for US exporters. So now if there is a consumer led recession there might also be an export-led recession as well. Not that america seems to need a trade surplus to function but a lot of the stock market is international earnings. »www.msnbc.msn.com/id/27054709/ RE: Exports - You hit the nail on the head apparently. |
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John Galt
Premium
join:2004-09-30
Oceanside, OR
| reply to justin
said by justin : quote:
Nobody will be spared, unless they own gold bars.
I am still fascinated by those who think that gold has some value...
Would I trade some of my food for gold? Uh, not really.
Would I trade any of my tools for gold? Keep dreaming...!
The only thing gold is good for (other than its industrial uses) is bait for the lawless hordes who *think* it has value and are willing to take it from you and kill you for it if necessary. The irony is that they themselves become the target of the hordes and the process continues.
Oh, by the way...anyone actually *seen* the gold in Fort Knox lately...??
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A is A |
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tao
Chaos Impends
Premium
join:2000-12-03
Lansing, MI
edit:
October 10th, @01:00AM
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