Did U Think The Ponzi Scheme Would Last?

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158 Comments

    • Tue Nov 18th 22:52 PM | Rating: 0 0
      Commented on:
      Microsoft Offers Real Value for Investors
      Microsoft is a mature company which pays a paltry 2.60% annual dividend and that is after having dropped below $20. Until it pays at least 6% on a regular basis with inflation less than 3% I cannot see why anyone would want to own it. If we are all going to move away from speculative investing back to dividend investing then let's see the dividends before we figure out who is a good buy as opposed to a good bye.
      View article »
    • Tue Nov 18th 21:21 PM | Rating: 0 0
      Commented on:
      S&P 500 200-Day Moving Average Spread at -32%
      By your own chart, the Dow stayed well below the 200 DMA during the entire period 29-32. Is there any question whatsoever that this crash is going to be as big a pooch screw as back then? No really, any question at all? And if so, why is there any question because we had the biggest credit orgy of all time and it is now bust. It kills me when people say "we are due for a rebound because when we compare today to periods except the great crash...."

      Sorry, but the ONLY useful comparison is 29-32 unless you want to go back to the panic of 1873. Just might as well stop talking about anything else. The Ponzi scheme is OVER.
      View article »
    • Tue Nov 18th 20:58 PM | Rating: 0 0
      Commented on:
      What Will the Baby Boomer Bust Mean for Equities?
      Doubleguns,
      Have you been looking at islands? I have! You need something high and dry. You want about 10 acres with 5 families living there (preferrably early 50s) so that people can help each other buy the place and build on it. You are looking at needing about 400k per family to get started but then it could be a load of fun.


      On Nov 18 06:01 PM doubleguns wrote:

      > Retirement went out the window with this market. Boomers will now
      > have to pull 2X more out of the market to keep up and a lot less
      > people putting into the market.
      >
      > Time to buy an island in the south pacific, learn to fish real good
      > and grow vegitables. Thats about the only feasable retirement program
      > now. Whos in!!!! The more the merrier and a bigger island we can
      > buy.
      >
      > Social security is the next government fiasco that is going to clobber
      > us. They just spent all the money and probably will cut benifits
      > or print so much more money. Boomers will then pull more out of the
      > market and round and round we go just above the drain circling.....circling....
      View article »
    • Tue Nov 18th 19:10 PM | Rating: 0 0
      Commented on:
      What Will the Baby Boomer Bust Mean for Equities?
      If Dow is 12k again in 4 years it will be due to hyperinflation. The Dow is going down 90% from its peak just like it did 1920-33. We had a greater bubble and there will be a greater depression. I am not talking short term this and that. I'm talking about a market bottom within 18 months of today followed by a 3-5 year depression for the economy. The Dow will take 2 decades to reach its old highs without adjusting for inflation just like it took until 1955 to occur after the crash of 29-33. History is repeating itself BEST case. Worst case, Dumb Ass Bernanke inflates the currency into Weimar 2.0 and leads us into WW3.


      On Nov 18 09:16 AM pockyclips 2020 wrote:

      > Mr Leaf blower and Ms Walmart checker aren't going to be buying stocks
      > when the peak of the boomers hit retirement. If were lucky, we may
      > get a Dow up to 12500 in the next 4 years.
      View article »
    • Mon Nov 17th 17:41 PM | Rating: 0 0
      Commented on:
      Cramer's Stop Trading - Dark Days for Coal (11/14/08)
      Cramer is a waste of time.
      View article »
    • Mon Nov 17th 17:33 PM | Rating: 0 -1
      Commented on:
      Dear Mr. President-Elect: Advice on Combating White-Collar Crime from a Convicted Felon
      Oh I get it, we need a crook to catch crooks! In other words, your past felony level (which you seem proud of as if it were a merit badge) scumbag disregard for law and the rest of societal values make you UNIQUELY qualified for a high paying consultancy position in gov't right?

      Sorry, felon. We all know what the scams are that are being played. Did you think the stuff you pointed out required a criminal record to see and understand? Honest people work hard every day to avoid those obvious temptations. We are all bombarded by the desire to get ahead and it takes courage and a personal code of ethics to do the right thing in the face of all the seemingly shorter path to riches which can be had through criminal means.

      Again, it is all OBVIOUS to EVERYONE what a scumbag like you exploits in order to rip the rest of us off. You bring nothing of value to the table at all. What is lacking is the will to stop it because the gov't is full of a$$holes JUST LIKE YOU who do not want it stopped. They just don't want it known and the only reason you did the perp walk was that you got too greedy to the point where there was no covering it up anymore.

      So thanks but no thanks for the thinly veiled offer of your consulting services. We have enough criminals in the gov't already without employing convicted felons. Go get a real job now, maybe something you can do out of doors where you can get your hands dirty along with the rest of us.
      View article »
    • Mon Nov 17th 17:18 PM | Rating: 0 0
      Commented on:
      Warning: New Lows Ahead
      Prechter is the only one who has accurately called this deflationary crash, even if he thought it was going to happen as a result of dot bomb. He didn't count on Greenspan letting loose every credit stop imaginable in order to ruin the US and world economies as a means of opening the door to a world monetary system and ultimately world government.

      But there is now no greater bubble possible and Dow 8k is still above the lows of dot bomb which, again, was not the real low because of Greenspan's intervention.

      This mania chart is going to unwind fully and you are looking at Dow 4k best case, probably less. Either that or when 1 oz of gold buys the Dow then I will believe a bottom is in. One of these things will happen over the next 18 months. This is going to be very similar to the crash of 1929-33. In some ways it will be worse because we were not so badly in debt back then and because the dollar was save-able simply by stealing everyone's gold. That's not going to work this time. Nobody is keeping gold in safe deposit boxes anymore, having learned from last time. In fact, smart people are storing their gold offshore at places like the Perth mint, etc.

      The whole thing is a pyramid scheme in collapse which would make Charles Ponzi proud.
      View article »
    • Sun Nov 16th 21:36 PM | Rating: 0 0
      Commented on:
      Watch Peter Schiff: It Pays to Be Contrarian
      His call would have been spot on back then had Greenspan not pulled out all the stops and created the greatest credit bubble of all time. His "negativity" has turned out to be common sense which, even in the face of overwhelming evidence that Prechter was right, does not seem to be all that common.


      On Nov 16 08:47 PM sickofthehype wrote:

      > Spewing negativity and right once in twenty years. Not to mention
      > 6-8 years early.
      >
      > You guys need to check out how he made his first million and then
      > how he invests in contrary to what he writes.
      >
      > Wake up people. Everyone wants a fortune teller, but this broken
      > clock isn't it.
      View article »
    • Sun Nov 16th 17:30 PM | Rating: 0 0
      Commented on:
      Watch Peter Schiff: It Pays to Be Contrarian
      Dude, it is WAY too early to start looking for a bottom. Dow 9k is nosebleed territory.

      Go back to dot bomb and look at the charts of the major indices. They were going to completely wash out but were not allowed to do so because Greenspan opened the credit floodgates. This caused the housing bubble.

      There is no new bubble to be inflated to avoid a 1929 style deflationary crash. Yes, a bottom will be put in, but it will be dow 4k or less, perhaps far less (like sub 1k if you listen to Prechter).

      Speaking of being right on things, yes, Schiff was right about the crash in the USA but he got his a$$ handed to him for believing in decoupling and the the China tail was going to immediately wag the USA dog. He is getting literally snuffed for this serious mistake and so are investors in Europac. He is out admitting it (to his credit) but also saying "in it for the long run" which detracts from his credibility. He is only down 50% right now, but he will be down 90% before this is over and he will be screaming "foul" like some novice investor. Prechter was also crying "inflation" the whole time and "buy gold" as the dollar strengthened. There will be inflation eventually, but investing is all about timing and if you get the timing wrong then you will underperform. Schiff is underperforming in a major way.

      A lot of people like to bash Prechter. I think this is because he was early on many of his negative market calls. Again, timing is everything here. So he missed out on a lot of profit potential but one thing he did not do is lose money like Schiff has done.

      It is now clear that Prechter is the the current winner in the "correct investing vision" contest. Prechter says we are looking at the unwinding of a grand supercycle which will take the Dow below 1k. He says this should be compared to the panic of 1873, not anything in the current century. He is the only one I have seen with the clear vision and chart predictions around mania theory which are so useful that it is hard to even put it into words. The whole market is one big mania and all one has to do is look at a chart to give a 2 year maximum price target for any stock with high accuracy. As Prechter puts it "it is all one market" because all of it rose on an expanding credit supply and it is all falling on a collapsing credit supply. These are the same factors that caused the boom bust leading to the panic of 1873, Dow 1929, and all other major boom busts in history.

      Prechter should get a lot more credit than people are giving him. His book "Conquer The Crash" is a must read.
      View article »
    • Sun Nov 16th 16:17 PM | Rating: 0 0
      Commented on:
      As Solar Plummets, Stocks Drop Below Book Value
      Think depression. The earnings are in many cases dependent on charity from states in the form of subsidies. When gov't employees must be laid off due to lack of funds you can bet that solar subsidies will vanish.
      View article »
    • Fri Nov 14th 14:28 PM | Rating: 0 0
      Commented on:
      The U.S. Firebreak
      Looking at short term market moves blinds one to the real problem which is a corrupt system in decay. Scam-o-nomics is done for, plain and simple. The American people are finally waking up to this and they are pulling their money out of the pyramid scheme. They are thinking more about the return OF their capital than return ON their capital.

      The stock markets are going to fall much lower, firebreak or not.
      View article »
    • Fri Nov 14th 14:23 PM | Rating: 0 0
      Commented on:
      The Downfall of Keynesian Economics and the U.S. (Part 1 of 3)
      Hey, this sounds like a Ponzi scheme!!! It stops working when there is no greater fool coming into the system.

      Hmmmm.

      We all know this is fake-o-nomics, scam-o-nomics, etc. at heart. How do we know this? Because without doing and PRODUCTIVE work, some members of society (the elitist bankers and moneymen) get to siphon hundreds of billions of dollars worth of money from those who are actually working and pulling their weight.

      Any details past this are simply noise that obfuscate the point. This is why elite like to create lots of rules and debate them endlessly. They know that working people have no time or energy for such unproductive activities.

      The fix is sooooo simple. Abolish the federal reserve. Return to hard money, honest money. Abolish fractional [fictional] reserve banking. If you take away the system that enables the scammers, the scammers will all perish and be absorbed back into productive society. Yes, any of the working people who bought too heavily into the scam will get hurt for a short time as well. But, being the productive people that they are, 3-4 years later they will be back on track enjoying the fruits of their production, minus the parasitic effects of the scammers.

      At the end of the day there really is only so much economic output per unit time. You can allow the scammers to create schemes which bubble it up to have more today but that means there will be less tomorrow, and there is a high overhead to pay for the parasite bankers in this scam which comes right out of the daily labor of the productive citizen.

      Anything other than paygo with hard money defies common sense and is just another type of overunity, "something for nothing" scan.
      View article »
    • Fri Nov 14th 14:03 PM | Rating: 0 0
      Commented on:
      The Stock Market Is Not the U.S. Economy
      Well said. I get soooo tired of reminding people that Dow 14k was the fakest BS run up I have ever seen and that the Dot Bomb based market crash was never allowed to fully express itself because Sir Alan (the traitor) Greenspan opened the credit spigot to historically wide levels in order to try to save it.

      Or maybe that was never his intention at all. History will be the judge.


      On Nov 14 07:39 AM prudentinvestor wrote:

      > Good points, but you state that ".....What’s key to remember is that
      > the market has already discounted much of the bad news you’re going
      > to read about. That’s why the major indexes are down more than 35%
      > this year...".
      >
      > Down 35% off a bubble high is not quite the same like being down
      > 35% off a what was initially a rational valuation.
      >
      > As the economy and the market return to reality after Greenspan's
      > & Bernanke's wild parties, I doubt that we will see a major upside
      > as we got accustomed to during the era of the Great Bubbles.
      View article »
    • Thu Nov 13th 14:59 PM | Rating: 0 0
      Commented on:
      Toll Brothers Remains Surprisingly Unscathed
      Good call.
      View article »
    • Thu Nov 13th 14:58 PM | Rating: 0 0
      Commented on:
      Gold and Silver Are Not Proven Inflation Hedges
      "Gold is money, and nothing else is."
      - J. Pierpont Morgan
      View article »
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