Crash of 2011 happening now?

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C fund is back below G fund again. So buy and hold G would have been better than C.

So much fir stocks being the place to be.
 
James48843 said:
To hell with all of it.

First, I'm going to start with the 25 year old Scotch.


Haven't have such a wild ride in the market since....well, I managed to jump out of the 2008 crash pretty much- only lost a few percent in that one before I became toast. No, I haven't had it this good since the crash of 1987.

So here is a toast, to the once-in-twenty-five year shellacking- so here is a nice 25-year old Chivas that was put into the bottle just before the last time I had it this good.

View attachment 14897

Next, I'm gonna take that piggy friend of Burro's, and I'm going to create something unusually nice with him.


Say, about 12 hours worth, maybe more.


Round, and round and round.



Weeeeee.. Wee Weeeeeeeeee. Weee Weeeeeeeeeee.

View attachment 14898
Click to expand...

Ha! good answer, you been making lots of funnies lately. you didn't switch sides now did you?

When I was a kid I saw something like that laid out on a table in a really fancy resort. I wondered couldn't they find somewhere else to stick it? And I got sad until they told me it was dead before they lit the flame. then i felt a whole lot better. still couldn't eat any of it that day though. later I learned to like it.

life goes round and round.
 
RealMoneyIssues said:
And of course the other side wanting to spend to oblivion had nothing to do with it.

OBTW, you are generalizing the party by comments by a FEW who had said to let the debt ceiling rupture. Thats like saying all Democrats are 'Tax and Spenders'... they're not; thank goodness for southern democrats who are fiscal conservatives...

Balanced Budget Amendment Now !!
Click to expand...
One of the reasons we are in the shape we are now, is people who buy into the media myth of a difference between Republicans and Democrats. Both are anti-Constitutional, both have no interest in serving the American people, only themselves to our tax dollars and power that originates with us, we the people. Both parties are run by self serving slobs. McConnell, Reid, Pelosi, and Speaker Bonehead should be in prison for economic terrorism, theft of the American people, and treason for a total disregard of the Constitution. It is really a bad combination when you have power hungry leadership in addition to being inept. I believe my pet dog could make better decisions. Eventually, when these clowns bring America to its knees, the people will wake up and get rid of both parties and start over. For those who believe there is a difference between the two parties, you deserve every day of stock market drop, along with an economy in shambles.
 
Warrenlm said:
Obama talking points released.
-S&P is wrong. The USG will review their performance. The state in which they are incorporated will also begin an investigation. Executives will be held accountable.
-The Tea Party extremists in the House are at fault for giving the USA a black eye. The media has been requested to continue to marginalize them in the eyes of the masses.
-The Chinese should not be maligning the USA but since they are close friends, they must have been misunderstood
-The American people know that the course we are on to make the rich give back their ill gotten gains is the right course
-My bus is riding quite well.
-I had a heckuva birthday party.
Click to expand...

I watched all ten minutes on the net and as far as motivational speeches go I think it wasn't so bad, given the circumstances.

I got tripped up at 0:39 right after he was done talking with Warren Buffet when he paused and said aaight, then I listened a few more times and figured it out he meant 'I', must be the teleplumper stuttered or something. Do they work for cadence as well as content? I bet a computer could figure that out. Dam technology these days.

[video]http://www.c-span.org/Events/President-Obama-on-SP-Downgrade-Deaths-in-Afghanistan/10737423391-1/[/video]

Anyways, it sounded a whole lot better when you said it.
 
Futures down hard already tonight. S&p down another 33 points. :(.

At 1080.

Free fall continues.
 
clester said:
Futures down hard already tonight. S&p down another 33 points. :(.

At 1080.

Free fall continues.
Click to expand...

It sort of reminds me of watching Nightmare on Elm Street when I was a kid, you're never really sure when you've awoken up to reality...
 
JTH said:
It sort of reminds me of watching Nightmare on Elm Street when I was a kid, you're never really sure when you've awoken up to reality...
Click to expand...
It is a nightmare. Makes you wonder what in the world is going on. It's not even dec 21 2012 yet!
 
We need for Cramer to step in and throw a fit and yell at the political people to get a buget plan in place. Obama is so clueless......... I am tdy this week but i asked a guy in my office if people are talking about the sell off. He said he hasn't heard anyone talking about it. Which tells me that we are not at the bottom yet.

Steve
 
Europe getting hammered:
(At 11:25 PM Hawaiian Time, from yahoo)

[TABLE="class: accordion_view"]
[TR="class: tab selected"]
[TD="class: ticker_name"]FTSE 100[/TD]
[TD]4,873.36[/TD]
[TD="class: ticker_down"]-195.59[/TD]
[TD="class: right_cell ticker_down"]-3.86%[/TD]
[/TR]
[TR]
[TD="colspan: 4"]
[/TD]
[/TR]
[TR="class: tab"]
[TD="class: ticker_name"]DAX[/TD]
[TD]5,615.26[/TD]
[TD="class: ticker_down"]-308.01[/TD]
[TD="class: right_cell ticker_down"]-5.20%[/TD]
[/TR]
[TR]
[TD="colspan: 4"][/TD]
[/TR]
[TR="class: tab"]
[TD="class: ticker_name"]CAC 40[/TD]
[TD]3,014.39[/TD]
[TD="class: ticker_down"]-110.80[/TD]
[TD="class: right_cell ticker_down"]-3.55%[/TD]
[/TR]
[/TABLE]
 
We have a lot farther to go till the bottom:

I may bail from my triple short when S&P hits 800 without getting greedy. (I do expect some rallies but still believe the S&P will hit 800. I did get hammered in the S Fund though. I thought the market was moving sideways and I was playing both sides at once.

The Q Ratio and Market Valuation - From August 1st
http://advisorperspectives.com/dshort/updates/Q-Ratio-and-Market-Valuation.php

According to the Q ratio for valuation: If you look at the data you can see right before the crash, our market was the 2nd most expensive market since 1900. It was even more overvalued than the great depression. The only other time the market was more expensive was the tech bubble.

Bank Of America Implodes, At $6.87, BAC CDS Up 20% To 260 bps As Bankruptcy Contemplated
http://www.zerohedge.com/news/here-...87-bac-cds-20-260-bps-bankruptcy-contemplated

Greece Bars All Short Selling For 2 Months
http://www.zerohedge.com/news/greece-suspends-all-short-selling-2-months

SocGen, Unicredit On "Brink Of Disaster"?
http://www.zerohedge.com/news/socgen-unicredit-bring-disaster
 
Last edited:
Mcqlives said:
Just don't ignore this part of the s and p decision statement..."and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures."
Click to expand...

Yeah! Just don't ignore this part of the s and p decision statement.

Rep for Mcqlives
 
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