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don't forget someone flushed the toilet where Europe was floating
Yesterday was two different markets based on 2 different things. #1 was the Fed confirming they think the economy is gonna suck for at least two more years and making the unprecedented statement they were going to continue to hold down rates for 2 years. Fed says nothing about QE3. Market goes to . #2 Goldman Sachs then sends a newsletter to it's clients while the market is dropping that says they think the Fed is gonna do QE3. People assume GS has inside info and market immediately skyrockets. After market closed people figured out GS was just blowing smoke out its ass and doesn't have inside info. Market opens today and continues to go to .
don't forget someone flushed the toilet where Europe was floating
People on the internet talking about things they're not experts on? Say it isn't so!it's funny, ppl here act like they know the stock market. Why the are you here posting then and not having lunch with Warren Buffet?
The house of cards is falling.
Meh, there will be a bottom. The world is not about to end.
The world won't end for you.
but a comfortable, sustainable, pleasant life and retirement is now falling out of reach of millions of Americans, mostly through no fault of their own.
The greedy, predatory UCA has figured out they don't need Human-American employees, they don't need Human-American consumers. All the cheap employees AND consumer growth are in Asia.
That's the ugly, repulsive face of unregulated capitalism. It doesn't GAF about Human-Americans or America, or any country, only GAF about money.
What's all the panic? The markets are down what, about 10%?
I would generally agree. It is hard to leverage information asymetry the way Buffett did when he was building his company. It doesn't work well after you get to the size that Berkshire has gotten to, either.
Unless of course your last name is Rajaratnam, then you can just trade off your contacts, until you get caught.
What panic?
lol france latest domino affect, hope they tank...
down 400+ again. tomorrow not looking good.
And I bought a 1000 shares of BoA Monday
I was gonna bump this earlier, but was lazy... SB: you should've stayed with the gold, tbh
Oh I'm still with gold. Just decided to take a gamble on BoA. It'll pay off eventually...uh I think.
I keep having the temptation to take a gamble on BofA, but haven't given in yet.
Well The Donald is doing it too and he's never wrong.
Hard to argue against a rich guy who isn't afraid to cough up his birth certificate.
or a rich guy with a wig
and a smokin' hot daughter.
Yep, and my next 401k purchase will buy even more shares than the last time.
There will be a lot of angry people when the gold bubble bursts.
Besides, if you get too much gold, might not be able to jump ship fast enough when it's time. I hear people saying it is still going to substantially rise, but... what if they are wrong?
Good not to put all your eggs in one basket.
It isn't a bubble. It will come down when demand comes down, at which point things should be better in the market/economy and you should be able to move there.
In the 70's, gold rose to above $800/oz. from below $50, just to fall to almost half it's peak in a very short time. It regained a value just over $700 in 1980 just to fall again to about $300. It averaged about $400 until 1996 and slowly dropped again to under $300. In 2000, it started a nominal rise through 2004, then started taking off like it did in the 70's.
It will crash at some point. Just no telling when.
What's your point?
There's two things affecting gold prices: demand/supply and currency value.
The economy being /good affects the first factor, the currency printing press (aka inflation) affects the other.
So, yeah, when the economy recovers and/or the dollar appreciates, then gold will go down. Not crash, but progressively lose some of it's value.
It's completely different from a bubble.
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