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Old 03-02-2009, 11:47 AM
 
Location: Under a bridge.
3,196 posts, read 4,719,479 times
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Quote:
Originally Posted by freedom View Post
Until more people ignore the Dow, it is relevant.

Psychological impacts are very real.
It may be relevant due to psychological effects--but it is not a descriptor of economic growth.
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Old 03-02-2009, 12:10 PM
 
Location: West, Southwest, East & Northeast
3,446 posts, read 6,454,002 times
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Quote:
Originally Posted by freedom View Post
Until more people ignore the Dow, it is relevant.

Psychological impacts are very real.
One only has to look at the price of oil dropping and gold and silver rising to see what the people think the future holds. Also, people are running toward bonds to conservatively protect assets. The DOW, and in particular the S&P, are historically very good barometers for the health of our economic future. ALL indicators point to a downward spiral continuing. And you can thank Obama and his Dumbocrat party for a great start in destroying America for decades to come.
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Old 03-02-2009, 12:19 PM
 
3,460 posts, read 4,795,171 times
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Quote:
Originally Posted by sterlinggirl View Post
I've been wondering if part of the government's strategy is trying to force private money out of stocks and into the banks....
Quote:
Originally Posted by thebigr View Post
Private money won't even start looking at banks until they stabalize. And nationalizing banks will not help that at all. Private money does not like the government as a partner.
I didn't say anything about buying bank stocks.....

What I was wondering is if part of the government's strategy is to force private money out of stocks and into the banks (savings, MM, CD's, etc.).
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Old 03-02-2009, 12:58 PM
 
Location: where you sip the tea of the breasts of the spinsters of Utica
8,305 posts, read 11,821,987 times
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Quote:
Originally Posted by freedom View Post
How many of the 2% do you know?
The one's i know are playing golf and telling this President to shove it.
The ones I know are all trust-funders, but one is also a board director. And he and his family are selling out to Dow Chemical, if that happens he won't even be doing that.

I suppose most of the 2% aren't working at anything more serious than board director. And no, I don't think the owners are going to sell out for the reason of increased taxes (though they might sell out for other reasons), nor will CEOs quit because they're being taxed more, though they might resign for other reasons.
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Old 03-02-2009, 05:22 PM
 
Location: Under a bridge.
3,196 posts, read 4,719,479 times
Reputation: 976
Quote:
Originally Posted by Kootr View Post
One only has to look at the price of oil dropping and gold and silver rising to see what the people think the future holds. .
These are the same people who thought Y2K was the end of mankind, who beleived that global warming was caused by people and could be fixed by people, that thought communisim was being spread because there was a red star on the christmas tree in the Snoopy Christmas Special, and who beleive the purple Tele-Tubey (spelling) is gay.

Just because nuts get a platform is no reason to jump into the fire with them.
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Old 03-02-2009, 08:33 PM
 
Location: Socialist Republik of Amerika
6,212 posts, read 11,459,480 times
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Quote:
Originally Posted by dcashley View Post
These are the same people who thought Y2K was the end of mankind, who beleived that global warming was caused by people and could be fixed by people, that thought communisim was being spread because there was a red star on the christmas tree in the Snoopy Christmas Special, and who beleive the purple Tele-Tubey (spelling) is gay.

Just because nuts get a platform is no reason to jump into the fire with them.
The world spent Billions to fix the Y2K computer programming issue. It was not fake. It was real. Ask anyone that worked on the problem.

No comment on the global warming thing...

Red star on Snoopy? Wow... that's strange.

Tele-tubbies know that purple one was gay... duh.

As to relating any of this to commodity purchase positioning... is really reaching for an argument in futility. The commodities are tracked and trended with a microscope. They are really accurate as to what the people are thinking.
So i don't get your comparisons as being effective.
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Old 03-02-2009, 08:45 PM
 
17,750 posts, read 15,041,223 times
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Quote:
Originally Posted by sterlinggirl View Post
I didn't say anything about buying bank stocks.....

What I was wondering is if part of the government's strategy is to force private money out of stocks and into the banks (savings, MM, CD's, etc.).
Hi sterlinggirl,

They are already loaded to the gills with reserves. The best returns , entirely in their hands, is to not loan and hoard cash. One also has to assume the smart money is also manipulating this.
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