what the fuck is going on with the market
I know summer is a shitty season for trading but daaaamn this is too much volatility.
Re: what the fuck is going on with the market
We could go into the machinations but it boils down to this: wealth is accruing to the ultra-wealthy.
Small investors are cashing out and losing, some times over and over (they did it at the end of 08 and they're doing it now). Then they are sitting in cash, missing gains during recovery and waiting for inflation to erode their purchasing power.
Meanwhile, the top 1% is aggregating wealth and power, buying at the bottom with excess reserves, over and over.
The wealth gap has never been greater than it is right now.
If you haven't sold yet, don't. If you can buy now, do it.
Re: what the fuck is going on with the market
The truth is the US economy is dangerously under-regulated. GOP policy has always been to de-regulate and that leads to cowboy businesses busing the system and leading to financial disasters. If you look at the countries that have AAA+ credit ratings it's places like the Norse countries (Denmark, Norway, Sweden), Switzerland, Australia etc. Those countries have regulations on banks and business that allows for profit but stops the reckless behavior so common in the US. They also tend to have good social welfare systems that prevent the massive poverty that occurs in the US that leads to higher crime etc etc. Sadly the US system seems to be on a increasingly quicker cycle of boom then bust.
Re: what the fuck is going on with the market
Quote:
Originally Posted by
alpha2117
The truth is the US economy is dangerously under-regulated. GOP policy has always been to de-regulate and that leads to cowboy businesses busing the system and leading to financial disasters. If you look at the countries that have AAA+ credit ratings it's places like the Norse countries (Denmark, Norway, Sweden), Switzerland, Australia etc. Those countries have regulations on banks and business that allows for profit but stops the reckless behavior so common in the US. They also tend to have good social welfare systems that prevent the massive poverty that occurs in the US that leads to higher crime etc etc. Sadly the US system seems to be on a increasingly quicker cycle of boom then bust.
Trees, meet forest.
Those places are more egalitarian than the US. And they don't have a government run by the rich, for the rich.
It's 1% of our country with 90% of the assets.
The sick thing is that they have the rank and file convinced that taxes are evil, corporations should gave the same rights as people, and that the TeaBaggers are a grass roots movement instead of a bunch of ball suckers.
Guess whose sack it is?
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Re: what the fuck is going on with the market
Quote:
Originally Posted by
Jimmy W
Alpha, more correctly the Securities Exchange Commission is dangerously and woefully understaffed. The regulations are in place. However, the SEC is a haven for those who pass the bar exam but cant get jobs as lawyers. They understand nothing of the machinations of the market and are frankly out of their respective leagues. Mary Schapiro is well intentioned but will never be allowed to effect substantial oversight. Look at the Madoff debacle. A tiny company of barely a handful of traders who werent allowed to hold a risk position overnight in their proprietary accounts sitting on the dais with heavy weights such as Goldman and Morgan Stanley? Something stank and nobody asked why.
come on Jimmy - they caught Gordon Gekko didn't they ???
Re: what the fuck is going on with the market
Quote:
Originally Posted by
maaarc
come on Jimmy - they caught Gordon Gekko didn't they ???
Dammit...you beat me to it!
The O'Jays - Rich Get Richer - YouTube
Re: what the fuck is going on with the market
Quote:
Originally Posted by
Willie Escalade
ya but you are still living my dream life you bastard! :) BTW you take great photos Willie
Re: what the fuck is going on with the market
There is so much fucking stupidity in this thread i cant even bring myself to answer the original question
Re: what the fuck is going on with the market
Quote:
Originally Posted by
hard4janira
There is so much fucking stupidity in this thread i cant even bring myself to answer the original question
It was a rhetorical question anyway, but since were on the subject. I was in some triple leveraged etfs today. I'm just sayin...what the hell man....can a brotha man a non volitile dolla y'all?
Re: what the fuck is going on with the market
Well, you would have been laughing all the way to the bank if you were in any ETF's that were double or triple short the S&P right? Well, they are out there. You might want to look into IAU or SLV too. and are you seriously questioning why the market is so volatile right now? It's painfully obvious.
But hey, it IS a good time to buy (no i am not a broker)