Did U Think The Ponzi Scheme Would Last?

116 Comments

    • ON: Mon Oct 13th 00:45 AM
      Commented on:
      How Low the S&P 500 Could Go
      Looking for a rally here but the volume will not be convincing IMO and it will peter out in a day or two, reverse, and then lead to a lower low. I really don't know what people are thinking here buying these stocks as we head into a deep recession in 2009 where lots of people must lose their jobs as the excesses get worked out of the system.

      This is a great market for gamblers but the wild volatility must be scaring the bejesus out of all the boomers that have their life savings tied up in it. That crowd is a big piece of the money in the market. They have been saving all their lives and now that they want to retire they see their savings evaporating along with their retirement hopes.

      I hope boomers are selling into any rally and then just staying on the sidelines until we get the required panic washout.
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    • ON: Sat Oct 11th 17:36 PM
      Commented on:
      On a Return to Normalcy: Dow 8,500
      Sorry, this is a pollyanna post that does not take into account the fact that all the banks are insolvent.

      'Nuff said.
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    • ON: Sat Oct 11th 17:34 PM
      Commented on:
      Jim Rogers Speaks Out - Where Is He Putting His Money?
      I don't blame him for moving. Most Americans are idiots who are dazzled by tinsel and bright lights. Form over substance. They spit in Ron Paul's face when he was telling us about the evils of the federal reserve and the dangers of letting your elected leaders move toward socialism and fascism. Jim Rogers is a true American because he does what HE wants without some fake sense of "loyalty" to a country that is trying to enslave him. I am an American and an ex-serviceman. But this gov't is supposed to work for ME, not the other way around. I have no desire to be their serf even if others are lining up. Anyone who does accept this is totally unAmerican and deserves to be chip-implanted as you would do with any other form of livestock.

      Wake up America. There is such a thing as right and wrong, good and bad. These things are non-negotiable and do not change just because the gov't will lower your interest rate or eat your bad debt (all of which is grossly uncapitalistic and un-Freaking-American).
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    • ON: Sat Oct 11th 17:27 PM
      Commented on:
      Reading the S&P 500's Crashing Waves
      I hear a lot of Prechter bashing and most of it is timing related, not substance related. Prechter's book alerted me to the concept of manias and explained what a ponzi scheme the market is so I owe him a huge debt for this. At the same time he does try to treat EWT as a new religion or something and I think your views in that regard are far more balanced and correct.
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    • ON: Sat Oct 11th 17:12 PM
      Commented on:
      This Isn't a Bottom, It's a Disturbance in The Force
      "help us obe ben bernanke, you're our only hope". The traitor Sir Alan Greenspan is actually the sith lord.
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    • ON: Sun Oct 5th 07:37 AM
      Commented on:
      Calling an Intermediate Bottom
      Buy puts on any sucker's rally.
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    • ON: Sun Oct 5th 07:36 AM
      Commented on:
      Sell Signal of the Day, Greenspan Edition
      The traitor Greenspan set us up for this fall and I think he is realizing it will be a lot worse than he had planned. "Sir Alan" (the acceptance of British honors shows who his masters are) really screwed the pooch this time. I wish him a natural and peaceful death, but sooner in the ground would be better. There will be a lot of homeless people that will need someplace to pi$$.
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    • ON: Sun Oct 5th 07:30 AM
      Commented on:
      The Die Is Cast
      We won't ALL die in the coming depression but some of us will for sure. This is the greatest bubble popping of the past 200 years. Don't try to sluff it off lightly "Owen". People who discount the danger will be the first with begging bowl in hand.
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    • ON: Sat Sep 27th 18:03 PM
      Commented on:
      I'm Speechless: Palin on the Bailout
      Look, in the new Jerry Springer show that we like to refer to as the "presidential elections", the dems had a black guy pairing up with a warmonger and so the GOPs had to pair a warmonger up with a woman.

      There had to be balance on the warmonger (proxy for elitist bankers):minority ratio or the whole thing would have been thrown off.

      Folks, blame your own selves for this. You had a real choice. His name is Dr. Ron Paul. He has been telling us this fiscal nightmare was unavoidable if we kept the same path. But in your collective and infinite wisdom you decided he was not "presidential looking" and "not charismatic enough" and some other labels that have nothing to do with a sound understanding of monetary policy, foreign policy, protection of constitutional rights or any of the other really important considerations that we should be using to vote in our presidents.

      Anyone that did not or does not support Ron Paul takes a share of blame in what has, is, and will happen to this country. Hint: meltdown economically, politically, socially. Want a taste? Google using keywords like Northcom Posse Comitatus "law enforcement" to see how this is all playing out.

      The trap is being sprung on the sheeple and you stand there cow-eyed having no clue at all how you are being played.
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    • ON: Sat Sep 27th 17:46 PM
      Commented on:
      Golden Arches Safer Than Uncle Sam?
      Folks this bail out is not a solution to anything. It's like putting sawdust in a noisey differential to quiet it down long enought to sell it. What kind of sheeple must a person be to say things like "we are all getting bailed out here" and "we need this so we can borrow more"? Makes me sick how people have been brainwashed into believing that a debt based economy is anything other than a long term PONZI SCHEME. We don't need to borrow for everything we consume people, we need to save the money FIRST and then buy LATER. Sorry if thay does not jibe with the instant gratification consumerism that bush and his "ownership society" has brainwashed you into believing is sensical. You are not the owner of anything you own money on!!

      This bail out will not stop any collapse. You can not pay off debt WITH MORE DEBT!! How stupid can you idiots be? Scared is one thing, but sheeple stupid is another! they are running a scam on you. They want to be bailed out so that they can sneak out the back door and set up operations in the next center of the world like Dubai (they are already setting up shop there if you have not noticed), China and India. They Fvcked us over and now you want to give them a golden parachute as they leave!

      Sometimes I am truly ashamed to be an American citizen when I look around and see just how many of my fellow citizens are brain washed zombie automatons who actually think Bush cares one bit about anyone but himself. And NO MaCain is no better and neither is Obama. We have lost the 2 party system. It has merged into the Grand Socialist Elite Uniparty and the only one who opposes them is the great statesman Dr. Ron Paul.
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    • ON: Sat Sep 27th 17:35 PM
      Commented on:
      FDIC Anoints Superbanks - Cramer's Stop Trading! (9/26/08)
      I am 100% against anything Cramer, Paulson, ernanke or Bush say. If they say it's bad for you then you can believe it's really bad for them and good for you. If they say it's good for you then it really means bad for you.

      I have lost all confidence in our gov't leaders and in our financial system and in the USD. I gold I trust because the rest of it is one big GRIFT.
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    • ON: Thu Sep 18th 02:38 AM
      Commented on:
      Foreclosure Update [Housing Tracker]
      Kurt Walter,
      Bingo.

      These people think they are getting the deal of a lifetime. In truth they are catching the falling knife.

      MANY of these people will already be underwater in the value by july-aug of 2009. MANY of them will decide they made a mistake and bail out before the window closes for them to do so without paying taxes on the forgiven amount (window runs 1-1-2007 through 12-31-2009)
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    • ON: Wed Sep 17th 06:18 AM
      Commented on:
      Not Everyone Is In Trouble
      I think you do not have a clue how bad this market is going to melt down. We are not just seeing a couple of neighborhood banks in trouble here. We are seeing 100 and 150 yr old institutions go tits up like it was nothing. And they don't just have a few tens of billions of assets to liquidate. Just AIG and LEH alone have 1.6 trillion worth of assets to sell quickly. That means prices on everything will go down which means by Q1 2009 the banks which are left will be marking their assets down fare enough so as to threaten breakage of collateral covenants.

      By the time this is all played out in 2-3 year people will hate bankers and the stock market like poision.
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    • ON: Sun Sep 14th 18:18 PM
      Commented on:
      An Optimist Looks at the Market
      Sir, your post shows that you are a financial child and you will lose all of your money. You simply fail to recognize that the market is a credit based Ponzi scheme that is now unwinding. There is as much chance of the melt down stopping here as there was of the twin towers halting their collapse once it got started.

      Good luck with your long positions, but when you hit rock bottom don't bother asking for help later on because when everyone is in the same situation there will be not enough help to go around.
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    • ON: Sun Sep 14th 18:14 PM
      Commented on:
      More on the Fannie/Freddie Heist
      "The Hand", do you really think taking private losses onto the backs of all dollar holders is a move to save the dollar? Unfortunately, this simply assures its eventual destruction. Countries overseas are now abandoning the USD in their transactions. The USD will soon be removed as the world's reserve currency because it is little better than any other bananna republic currency. The dollar has had a good run but now it is running out of gas and there is nothing anyone can do about it. The huge US debt makes this a certainty.
      View article »
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