blood bath continues

D

Don18

New member
Wait so a default would have spelled disaster for the economy, but a pending debt crisis shouldn't affect the markets at all. huh
 
clearly the debt deal did nothing for the economy in terms of ihow nvestors look at the fundamentals.

more bad nurabers today...sending stocks to their 8th straight losing day, dow sinking 285 points s and p down to 1256.

gold gaining a staggering 40 dollars an ounce today.

jp morgan revises estimate for gdp 2012 from 2.7 down to below 1....based on fiscal policy....

qe3 to follow?
 
You think the government spending money is hurting the economy?
You think markets are soooo scared that we let a country with AAA rated debt spend more, that they think they should sell?

They're reacting to the weak economic data, which isn't driven by anything in the government right now. We don't have a weak economy because of what was just being debated, we have a weak economy in spite of it.

But way to try to connect two unrelated things.
 
You can't borrow your way out of debt.

The bills are coming due.

People are waking up to the bullshit.

Can't wait for the whole fucking thing to crash down and go to hell. The blood in the street for those responsible and their apologists will be AWESOME.
 
Damn... Dow down -100 today already, gold at $1672, dollar down to 74.124. I have a feeling jobs nuraber will be shit on Friday so this trend will continue?
 
every non retarded advisor is suggesting to take defensive positions and has been suggesting to take defensive positions with all investment portfolios the past few months

you sir are not in the non retarded category
 
the debt deal was more or less it's own issue. Passing it was only going to continue the status quo (which happened). If it failed we were just in for a rollercoaster of clusterfuck.
 
And the followup question would be, wouldn't the non-retarded advice have been to sell the past few months?

And the followup question to that, what reason do non-retarded advisors have to not encourage a sell right now?
 
I would piss on you before I started educating you on how to invest.

What I will do however is refer you back to the article I posted previously in this thread. Would probably help you a shit ton. You probably will not read it because it is written by a conservative.
 
I watched the karnage unfold today, not a pretty sight. And that was the result of good news. Worst stock action week since 2008.
 
well, I dont really think the debt deal was " good" news.

the signal is the private sector is on its own-- with except maybe QE3. and the private sector looks poised to contract.

QE3 has the effect of dumping money into commodities, so the move in gold reflects that I think.

but it gets back to the problem of qe causing oil prices to go up. and it gets back to the problem of qe1 and qe2 not being the solution.


the writing is on the wall- the economy is going in reverse and with this debt deal the government basically cannot do any fiscal policy to fix it.


sometimes, you have to sleep in the bed you made.
 
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