Posts Tagged ‘Stock Market’

With Warren and the World Bank doing the DOOM and GLOOM, watch for another planned Drop in the market today.. With everyone looking for a “bottom” no one want to look into the basement, at least not on the record… Day to Day.. who knows…. The market could easily go to the 1200-1800 range in my opinion… Or in a hyper-inflationary move sky rocket to a million with a value of only 1200 in today’s money.. either way .. REAL BAD…

Mean While.. the Vatican demands closure of tax havens… The Pope , I guess, does not want you to be able to protect your assets when he eventually makes his move to head the EU…

And Obama wants to limit Deductions to Charities….
I say GOOD…
Want More… Listen to the Radio Broadcast from Sunday March 8…

A very interesting thing happens when hundreds of thousands of Americans find out they have no job, the stock market says Amen, we can keep the money for ourselves and not give it to those pesty employees and so for a short time the stocks go up. I truly hope that is not what is happening however it seems that almost any bad news that results in Americans losing their jobs homes or anything else, the stock market temporarily goes up and then when they realize that without workers the company can not actually make any money and so the long run result is implosion. The latest example being the Asian markets falling Europe falling and jobless claims over 650 thousand and the Market opens UP and by 9:45 am is over 145 points higher. WHY? profit takers? The only news today was BAD. Economists are finally admitting that the 1930s are the possibilities and I heard one man on Bloomberg radio yesterday state that he was looking at the 1907 crash. No production, not only here but in most other places as well See Brazil for example where industrial production plunged 17.2 percent in January alone. And the stock market is UP and everyone is happy… LOL Asia, Europe and the rest of the world see this, but the folks on wall street… well that’s another story…..

I talked to a man in McDonald’s two days ago, He told me he has lost over HALF of everything he has taken a lifetime to save. WHO was to blame? HIS BROKER. She was still telling him to stay in the market. Not to get out. I told him to call her and sell everything and put it in GOLD and Silver and Long Term/ 10 year T-Bills. I have no idea what he did, but i do know the next day the Stock market fell 4% and Gold went up $27 Dollars and ounce. He said he had 165k Left. If he had been able to Sell it all and trade it for Gold he would have been able to buy 183 ounces( Give or take ) and he would be up about 5K, have an asset he did not need a broker to sell or manage. I asked him…. is this person who is managing your money called a BROKER or a RICHER?

Remember this Chart . . . ?

pic_meltdown

It was from Feb 10 2009.  (Click on chart above to read the original article)

OK Now we are here: Lowest since Spring of 1997
Well after this is went up to only close 100 points down

Chart #2

Now that the weekend is over and the pundits said that the market was going UP

Chart #3

 And FINALLY at the close of the day…

Chart #4

4 days later………

pic_chart5

And now that the week end is over and a new day begins…. Will it recover or will it continue to CRASH.. I mean slide… They keep saying we are in the worst RECESSION in 70 years… The reality is, we were not in a RECESSION 70 some years ago, we were in the GREAT DEPRESSION.

Chart #6

I went to lunch and came back to see this….1:55 PM

Chart #7

AND finally at the end of the day….

Chart #8

WHATS NEXT I WONDER

Chart #9

More of the same…. Or a recovery? Well Yesterday was the recovery….UP 140 points…. But then the next day the stimulus was over….

Chart #10

And just a few minutes later at 1:00pm

Chart #11

Finally at the end of the day…

Chart #12

And once again on the 6th of March at 2:33 Pm…

Chart #13