Worst Socialist/Commie evah

[BigRedChief]

Dow Jones hits record all time high

http://www.pbs.org/newshour/bb/busin...ets_03-05.html

Corporate profits at an all time high. Corporate profits up 117% under Obama.
http://www.drudge.com/news/163559/co...-all-time-high

http://www.bloomberg.com/news/2013-0...ma-policy.html

[BucEyedPea]

Originally Posted by BigRedChief

Dow Jones hits record all time high

http://www.pbs.org/newshour/bb/busin...ets_03-05.html

Corporate profits at an all time high. Corporate profits up 117% under Obama.
http://www.drudge.com/news/163559/co...-all-time-high

http://www.bloomberg.com/news/2013-0...ma-policy.html

Merely Ben Bernanke's asset bubble. Rome never looked so good before she fell.

The Sound You Will Hear is of Bubbles Popping
Posted by Bill Anderson on March 5, 2013 11:59 AM

I guess that Ben Bernanke's "strategy" of showering the world with dollars is working -- if one calls the creation of new asset bubbles a definition of "working." The news of the Dow hitting a nominal record today along with news that housing prices across the country are rising significantly supposedly is a sign of recovery, or at least that is how it is being played out in the media.

However, I don't think that this new "exuberance" reflects actual market fundamentals as much as it is a response to Bernanke's counterfeiting operation as the dollars have to go somewhere, and they have done just that. Despite the fact that "experts" like Paul Krugman claim there is no inflation, we certainly are seeing it in the bond market (which looks also to be on shaky ground) and those of us who buy groceries and gasoline can attest to the real uptick in prices. Furthermore, even though real incomes either are stagnant or falling for most people, housing prices are going up, which certainly does not reflect economic reality.

I'm not necessarily a "gloom-and-doom" economist and I am not predicting that the sky will fall tomorrow, but when we see this kind of combination of inflation, financial bubbles, and a weak economy I do worry a lot. A lot.

[KCWolfman]

One would think the ever damning sequester would have squelched this.

Administration is wrong, yet again.

[petegz28]

Originally Posted by BucEyedPea

Merely Ben Bernanke's asset bubble. Rome never looked so good before she fell.

The Sound You Will Hear is of Bubbles Popping
Posted by Bill Anderson on March 5, 2013 11:59 AM

I guess that Ben Bernanke's "strategy" of showering the world with dollars is working -- if one calls the creation of new asset bubbles a definition of "working." The news of the Dow hitting a nominal record today along with news that housing prices across the country are rising significantly supposedly is a sign of recovery, or at least that is how it is being played out in the media.

However, I don't think that this new "exuberance" reflects actual market fundamentals as much as it is a response to Bernanke's counterfeiting operation as the dollars have to go somewhere, and they have done just that. Despite the fact that "experts" like Paul Krugman claim there is no inflation, we certainly are seeing it in the bond market (which looks also to be on shaky ground) and those of us who buy groceries and gasoline can attest to the real uptick in prices. Furthermore, even though real incomes either are stagnant or falling for most people, housing prices are going up, which certainly does not reflect economic reality.

I'm not necessarily a "gloom-and-doom" economist and I am not predicting that the sky will fall tomorrow, but when we see this kind of combination of inflation, financial bubbles, and a weak economy I do worry a lot. A lot.

That's exacly what we have... a Federal Reserve Bubble.

[cosmo20002]

Originally Posted by petegz28

Uh yeah actually they are but ok, you obviously have no idea where your hated 1% makes a lot of their money

Not sure where this "hated 1%" thing comes from. I don't hate the 1%. Not as a group anyway. I'm sure a lot of them individually are dicks, just like everyone else.

[La literatura]

Originally Posted by petegz28

WRONG, you ****ing ingorant little pimple.

#1. Very, very, very few can call the exact top or bottom

#2. Only a fool holds out for the top $

#3. I am "taking profits"...not liquidating my entire position

#4. You make money selling on the way up to dumb ****s like you and buying on the way down from dumb ****s like you who are selling

#5. You have no idea of what the **** you are talking about

Oh, so you're not selling right now?

[La literatura]

Originally Posted by petegz28

Spoken like a true ****ing idiot. But that's okay because it's dumb ****s like you that make for easy money.

Sorry, I don't daytrade like you nor will I ever. It's a loser's game.

[BigRedChief]

Originally Posted by petegz28

That's exacly what we have... a Federal Reserve Bubble.

so everyone should be cashing out their 401K's now and pay the 10% penalty because its going to crash?

[Johnny Vegas]

Originally Posted by cosmo20002

Not sure where this "hated 1%" thing comes from. I don't hate the 1%. Not as a group anyway. I'm sure a lot of them individually are dicks, just like everyone else.

you as well as Obama represent the group that vilified wall street now you're touting that recent wall street success is a sign of economic growth. Plain and simple.

[petegz28]

Originally Posted by BigRedChief

so everyone should be cashing out their 401K's now and pay the 10% penalty because its going to crash?

Gee, that might be a good idea if you could only own stocks in your 401k......****ing dumb ass

[La literatura]

Originally Posted by Johnny Vegas

you know it when people just use google to find arguments to use in debates such as this. I myself have a good chunk of money in stocks and it never began with putting 50% of my money into large cap stocks. Thankfully I had guidance from my grandfather on how to diversify my portfolio. Always preached never put all your eggs in one basket.

I just follow bogleheads and Random Walk investment theories. I don't actually reinvent the wheel, just follow the experts who've studied the perfect wheel.

[petegz28]

Originally Posted by La literatura

Oh, so you're not selling right now?

I am not "selling all my stock" like you said. I am taking profits...there is a significant difference. I wouldn't expect and investing guru such as yourself to understand that concept though. It would require doing things like paying attention for a few minutes a day and reading a chart once or twice a week. You know, really involved stuff.

[La literatura]

Originally Posted by petegz28

I am not "selling all my stock" like you said. I am taking profits...there is a significant difference. I wouldn't expect and investing guru such as yourself to understand that concept though. It would require doing things like paying attention for a few minutes a day and reading a chart once or twice a week. You know, really involved stuff.

Taking profits = you are selling your stock. I gladly admit I'm not an investing guru. That is a world I will never understand beyond the basic fundamentals. My investment plan is long-term. Today's DJIA record is fairly unimportant to me because I really care about the DJIA in the year 2050.

[petegz28]

Originally Posted by La literatura

Sorry, I don't daytrade like you nor will I ever. It's a loser's game.

Oh you just keep showing how little you really know. It has nothing do to with day trading.....you're clueless...just admit it, you know nothing of what you speak when it comes to this game.

Perhaps you just haven't made it to the point in your wealth managment class where they cover "sentiment" and "being a contrarian" and how when you see headlines of how the markets are making new highs it's usually a good time to start locking in some profits.

then again, a seasoned expert such as yourself probably needs none of that anyway.

[cosmo20002]

Originally Posted by Johnny Vegas

you as well as Obama represent the group that vilified wall street now you're touting that recent wall street success is a sign of economic growth. Plain and simple.

Two seperate things. Plain and simple.

[petegz28]

Originally Posted by La literatura

Taking profits = you are selling your stock.

No dumbass, it doesn't. You don't know your ass from your elbow.

For all you know I could be writing covered calls on profitble positions...

I could be selling off part of a position....

OR

I could be putting on an options spread where I am writing an out of the money call to fund the purchase of an at the money put to hedge or lock in profits.