We're on the brink; where will it go?

[swanson719]

I would say we'll hit 5500 by May 1st. Obama doesn't care what the markets do - he's pretty dead-set on Socialism. It was said a couple days ago that Clinton wanted people to love him, Obama wants people to obey him. The only hope we have is for the back-lash to come full circle in the 2010 elections, or to have our RINO's from Maine and Pennsylvania to step-up.

[sweeps]

I would say we'll hit 5500 by May 1st. Obama doesn't care what the markets do - he's pretty dead-set on Socialism. It was said a couple days ago that Clinton wanted people to love him, Obama wants people to obey him. The only hope we have is for the back-lash to come full circle in the 2010 elections, or to have our RINO's from Maine and Pennsylvania to step-up.

I understand you have a political axe to grind, but the hot button "socialism" tag is really getting to me. If you haven't noticed we're in the biggest contraction and banking crisis in most people's lifetimes. The Great Depression became the Great Depression because the only entity that had the ability to steer us out of it -- the federal government -- did nothing.

Without government involvement, there's a chance we'll all be out of jobs and even if you're still fortunate to have a job, there won't be a bank to deposit your paycheck. People would be begging for "socialism" then.

[maat55]

I understand you have a political axe to grind, but the hot button "socialism" tag is really getting to me. If you haven't noticed we're in the biggest contraction and banking crisis in most people's lifetimes. The Great Depression became the Great Depression because the only entity that had the ability to steer us out of it -- the federal government -- did nothing.

Without government involvement, there's a chance we'll all be out of jobs and even if you're still fortunate to have a job, there won't be a bank to deposit your paycheck. People would be begging for "socialism" then.

You assume alot to think that massive debt is the solution. IMO, government is keeping equilibrium supressed by not allowing deflation to work.

[swanson719]

Sweeps, you and I both have to balance our budget or else we eventually go bankrupt. The government is to the point that they are literally printing money and labeling it "self-financed debt". Fancy way of saying massive inflation. And the Great Depression had massive infusions of government money then, the same as we do now. It is said the depression lasted as long because of the government intervention. What pulled us out of depression then was WWII, and what will this time will be a large war now. I'm not talking about Afghanistan or Iraq, I'm talking about North Korea with ICBM's and Iran with nukes swapping and both having nuclear powered ICBM's with a political axe to grind. Then you'll be begging for the missile shield Obama just axed.

[snafu]

Buffet @ Berkshire

According to Warren Buffet...this is the time to start buying into the market...when everyone is freaking out

[yorkinvestmentreport]

According to Warren Buffet...this is the time to start buying into the market...when everyone is freaking out

Buffet's also said in his report this weekend that he expects the economic weakness to continue

[Goldy1]

I don't think the future going forward will be predictable. I don't think we can look to the past to predict what will come.
I just hope my 401K doesn't go to nothing b/c I have no pension
I just don't dwell on it anymore, and keep off cnn etc. I read the paper and move on.
I am going back to school and when I get a new job I don't see investing too much in stocks anymore.

[maat55]

This is a interview Peter Schiff did recently. He was dead on on this crisis, I hope he is wrong on this next one.

YouTube - Peter Schiff predictions

[GREENBACK]

This is a interview Peter Schiff did recently. He was dead on on this crisis, I hope he is wrong on this next one.

YouTube - Peter Schiff predictions

At least a few people see the big pink elephant standing in the corner of the room.

[Bimmer]

Who was it that proclaimed themself the great "Decider"? Politicians are ridiculous.

[GrimJack]

I would say we'll hit 5500 by May 1st. Obama doesn't care what the markets do - he's pretty dead-set on Socialism. It was said a couple days ago that Clinton wanted people to love him, Obama wants people to obey him. The only hope we have is for the back-lash to come full circle in the 2010 elections, or to have our RINO's from Maine and Pennsylvania to step-up.

Wow, stating cr*p like it was truth. My guess is that you can not even define socialism let alone point out what you see as the road to socialism.

I think you may be listening to Rush just a little too much; try BillyO for a bit to cool off (I hope that was not too snarky).

[GrimJack]

I would say that as far left as we are rapidly moving, we need a Ron Paul mentallity to move back to center.

Actually, with Bush and the Neocons, we moved way too far right. President Obama is not really a liberal, he is a centrist Democrat (don't laugh, the country has gone so far to the right, he only looks liberal).

[GrimJack]

You assume alot to think that massive debt is the solution. IMO, government is keeping equilibrium supressed by not allowing deflation to work.

You are suggesting that deflation (it is a sustained fall in general prices once inflation passed zero percent to the downside.) is a good thing? How do you think that deflation will work for the benefit of the people?

[GrimJack]

Sweeps, you and I both have to balance our budget or else we eventually go bankrupt. The government is to the point that they are literally printing money and labeling it "self-financed debt".

Government is not a family, why do you bring that into the discussion?

Fancy way of saying massive inflation.

Not even close to massive inflation - massive inflation is called hyper-inflation and we are not even close to that yet.

And the Great Depression had massive infusions of government money then, the same as we do now. It is said the depression lasted as long because of the government intervention. What pulled us out of depression then was WWII,

This is just wrong - like wrongity, wrong, wrong! What killed the recovery was that FDR was convinced that his policy was working well enough that taxes should be cut - and that is what killed the recovery and prolonged the depression until the war. and what do you think the war was - massive government spending infusing cash into the economy - what the New Deal was doing.

and what will this time will be a large war now. I'm not talking about Afghanistan or Iraq, I'm talking about North Korea with ICBM's and Iran with nukes swapping and both having nuclear powered ICBM's with a political axe to grind. Then you'll be begging for the missile shield Obama just axed.

Wow, just wow -- that is a pretty good reach, start from the beginning and show us how you got there, please.

[maat55]

You are suggesting that deflation (it is a sustained fall in general prices once inflation passed zero percent to the downside.) is a good thing? How do you think that deflation will work for the benefit of the people?

People are not spending. When prices fall to where they will, the economy begins to roll again, this in turn will slowly inflate prices.

The government subsidizing the economy will only lead to massive debt with no results. IMO.