2013 Crash?

[ElisabethWhispers]

If this has been discussed, my apologies. But I was just reading about a potential stock market crash and well, it sounded scary.

What do you think? Will it happen? How will this situation affect the average folk out there?

[joe bloe]

I'm completely out of the market and have been for several months. It seems to me, that the market is being propped up with freakishly low interest rates, that can not continue much longer. People forget that T-bills were paying 15% under Jimmy Carter.

It appears that runaway federal spending isn't going to end soon. If interest rates skyrocket, when investors finally lose confidence in the dollar, the market is bound to take a huge hit.

Paul Ryan says we've got two more years to get spending under control or we'll end up like Greece.

[CJ7]

Originally Posted by ElisabethWhispers

If this has been discussed, my apologies. But I was just reading about a potential stock market crash and well, it sounded scary.

What do you think? Will it happen? How will this situation affect the average folk out there?

if we knew how to time the market swings nobody would be on this board (at least I wouldnt) and the lines to buy 150 foot yachts and private jets would be a mile long

[CuteOldGuy]

The crash is definitely coming, maybe before 2013. Our spending is out of control, the Fed is printing money without restraint and no one has any balls to stop it. It's like the Big California quake, everyone knows it's coming, but everyone is ignoring it.

And who will be around to scoop up all those "blue chip" stocks at penny stock prices? Yup, you guessed it. The banksters. Goldman Sachs and their buddies. Coincidence? You decide.

[CJ7]

Originally Posted by CuteOldGuy

The crash is definitely coming, maybe before 2013. Our spending is out of control, the Fed is printing money without restraint and no one has any balls to stop it. It's like the Big California quake, everyone knows it's coming, but everyone is ignoring it.

And who will be around to scoop up all those "blue chip" stocks at penny stock prices? Yup, you guessed it. The banksters. Goldman Sachs and their buddies. Coincidence? You decide.

given your recent track record for predicting shit, forgive me but ... LMAO

same applies for you prediction for the healthcare law to fail .... LMAO


its one of the safest claims in the world ... "the market will crash"

sure thing, 25% (+/-) corrections are almost certain ... sooner or later

brilliant

just give me the day and the hour and Im good.

[CuteOldGuy]

No man knoweth the day nor the hour, but it will come like thieving banksters in the night. And there will be weeping and gnashing of teeth. Oh ye of little brain, CBJ7.

[CJ7]

you aint kiddin'

the bottom feeders teeth will sound like chainsaws just like they did in 08 ... sooner or later

IS COMMING .. I predict it !!


LMAO

[Sexyeccentric1]

Elisabeth, the stage is set for another crash yes, because they have yet to regulate these banks and stop the "casino" like gambling of these banks with regard to derivatives and swaps etc. No one has been held accountable for the criminal acts of 2008 by the banks. There are some in government who are doing all they can to block any regulations of these banks, and did a good job of dismantling the regulations that we have had in place for centuries.

I know your a book reader and you may find this book very enlightening and also interesting to read: I highly recommend it to anyone. Dylan Ratigans "Greedy Bastards" you can buy it on kindle or order it through amazon, or a book store.

[CJ7]

Originally Posted by Sexyeccentric1

Elisabeth, the stage is set for another crash yes, because they have yet to regulate these banks and stop the "casino" like gambling of these banks with regard to derivatives and swaps etc. No one has been held accountable for the criminal acts of 2008 by the banks. There are some in government who are doing all they can to block any regulations of these banks, and did a good job of dismantling the regulations that we have had in place for centuries.

I know your a book reader and you may find this book very enlightening and also interesting to read: I highly recommend it to anyone. Dylan Ratigans "Greedy Bastards" you can buy it on kindle or order it through amazon, or a book store.

it wasnt the banks SE ... trust me. The banks were led to the alter by the Fed to cover up the real reasons AIG was saved ... had the facts surfaced immediately, we would have seen a market crash tantamount to 1929 ... the Fed unknowingly fucked up the Big Banks saved them and the economy in a round about way.

just sayin'

[joe bloe]

Originally Posted by Sexyeccentric1

Elisabeth, the stage is set for another crash yes, because they have yet to regulate these banks and stop the "casino" like gambling of these banks with regard to derivatives and swaps etc. No one has been held accountable for the criminal acts of 2008 by the banks. There are some in government who are doing all they can to block any regulations of these banks, and did a good job of dismantling the regulations that we have had in place for centuries.

I know your a book reader and you may find this book very enlightening and also interesting to read: I highly recommend it to anyone. Dylan Ratigans "Greedy Bastards" you can buy it on kindle or order it through amazon, or a book store.

I'm just curious. Do you think that Warren Buffett and George Soros, both left wingers, are "greedy bastards" or does that term only apply to conservatives? What about John Corzine? You do realize that Obama took far more in contributions from Wall Street than McCain.

The Democrats have been playing footsie with Wall Street far a long time. It's not just Republicans.

[JDNorthface]

Elizabeth, the market has been going to crash next year as long as there has been a market.

In the end, people make markets. As long as there are people who have needs and make demands, there will be a market.

[joe bloe]

Originally Posted by JDNorthface

Elizabeth, the market has been going to crash next year as long as there has been a market.

In the end, people make markets. As long as there are people who have needs and make demands, there will be a market.

There will definitely be a market. But will it be at 13,000 or 1,300? It's the difference in being able to retire in comfort or being destitute in your old age. Anybody that's over fifty should be out of the market. IMHO

[JDNorthface]

Originally Posted by joe bloe

... Anybody that's over fifty should be out of the market. IMHO

Unless they plan to live to be 112.

[icuminpeace]

A crash is definitely coming. You can't move $10 from one place to another and all of a sudden it becomes $100, which is what the Federal government and Wall Street do. Keep your money in cash, preferrably out of the country and your passport handy. It will get ugly.

[joe bloe]

Originally Posted by JDNorthface

Unless they plan to live to be 112.