mojo's Account Talk

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As everyone here knows we are in an extremely fragile economic state. Don't you know the Muslim extremist already here living among us are licking their chops to tip us over the edge.

One suicide bomber in the right place and we are going over the edge.

I'm amazed we haven't been hit domestically since 9/11. It will happen. How and when who knows? The time is very ripe.
 
mojo said:
As everyone here knows we are in an extremely fragile economic state. Don't you know the Muslim extremist already here living among us are licking their chops to tip us over the edge.

One suicide bomber in the right place and we are going over the edge.

I'm amazed we haven't been hit domestically since 9/11. It will happen. How and when who knows? The time is very ripe.
Click to expand...

I made the same comment to my wife last night... :worried:
 
mojo said:
100% S. Had to decide early. Closing the airplane door.
A lamb to the slaughter.
Click to expand...


That's an incredibly BOLD move - especially in light of your ranking.

Well needless to say I hope you the very best.

With Poolman and 350z going 100% - and Uptrend mostly S Fund

I can't help but feel a lot of comfort - so thanks man - thanks a million


To everyone else on the MB - I honestly don't mean my comments to slight anyone else and I'm not out to offend anyone.

So if I said something to any of these guys (including Greg) it was all in good fun and I simply see my present play in the Markets highly tied to them.
 
mojo said:
As everyone here knows we are in an extremely fragile economic state. Don't you know the Muslim extremist already here living among us are licking their chops to tip us over the edge.

One suicide bomber in the right place and we are going over the edge.

I'm amazed we haven't been hit domestically since 9/11. It will happen. How and when who knows? The time is very ripe.
Click to expand...

Hi Mojo, I haven't posted with you yet, but a Good Question!
My personal theory on this. The US, and in fact the would are imploding. Alot related to ineffectual/misplaced efforts following the 9/11 (also greed and misdirected efforts, i.e., banking/regulatory scrutiny.
Anyway, regardless, personal beliefs on the reason that we where we are today, I believe the terrorists are here, and have been watching - and with 9/11, the US and world implosion was their intent all along. A specific attack at this time might just backfire for them, and bring together/rally the US and Nations against them. Why do this when they can just sit back and watch the financial implosion take us out? (again, I believe their intent all along).:mad:
(Just one persons's opinion.)
VR
 
mojo said:
As everyone here knows we are in an extremely fragile economic state. Don't you know the Muslim extremist already here living among us are licking their chops to tip us over the edge.

One suicide bomber in the right place and we are going over the edge.

I'm amazed we haven't been hit domestically since 9/11. It will happen. How and when who knows? The time is very ripe.
Click to expand...

Most of the presentations or 'briefs' over the past few years have focused on Biological Agents - these are engineered viruses or germs that are like HIV times 10,000

It's probably been several years now - but at that time they were very confident an attack would occur within 5 years - from that day

They're not interested in some small time Suicide Bomber that could only kill 20 to 40. They're out for something even bigger than the Twin Towers...like a sudden illness that spreads throughout a huge city

KevinD said:
I made the same comment to my wife last night... :worried:
Click to expand...


Really there's absolutely NOTHING we can do about it Kevin

... so I wouldn't worry about it... and I doubt it's anytime soon.

Not because they would feel for us - but way more because they know the rest of the world would hate their guts...

later on they can more look like heros....

Strange world we live in ... but we do what we can.
 
'like a sudden illness that spreads throughout a huge city'

Already happening, but not sudden, Just a slow rot that slowly gains speed the further it spreads. You know what it is, it's host is our society.:mad:
 
I was expecting a big selloff today. I was travelling so I didn't know what was going on until it was over.
 
We got it all today. A 150-point rally. A 270-point decline, and another 150-point rally. Something for everyone. :)
 
Steadygain said:
Most of the presentations or 'briefs' over the past few years have focused on Biological Agents - these are engineered viruses or germs that are like HIV times 10,000

It's probably been several years now - but at that time they were very confident an attack would occur within 5 years - from that day

They're not interested in some small time Suicide Bomber that could only kill 20 to 40.
Click to expand...

I guess the scenarios are pretty much unlimited.

Suicide bombing continues to be very effective for them in many countries and is one of their favorite methods. It is something that is relatively cheap easy to plan and execute, very difficult to stop. Don't discount it. Organic explosives (TATP, HMTD) are very easy to manufacture from houshold chemicals and unlikely to be detected at airport screenings or anywhere else.

Chemical and or biological would of course be more devastating.
 
tsptalk said:
We got it all today. A 150-point rally. A 270-point decline, and another 150-point rally. Something for everyone. :)
Click to expand...

To tell you the truth I was expecting some more carnage today. Almost got it until the last half hour. I don't plan on staying long. Hope I didn't just make the suckers play :)


Good luck to all.
 
hessian said:
Hi Mojo, I haven't posted with you yet, but a Good Question!
My personal theory on this. The US, and in fact the would are imploding. Alot related to ineffectual/misplaced efforts following the 9/11 (also greed and misdirected efforts, i.e., banking/regulatory scrutiny.
Anyway, regardless, personal beliefs on the reason that we where we are today, I believe the terrorists are here, and have been watching - and with 9/11, the US and world implosion was their intent all along. A specific attack at this time might just backfire for them, and bring together/rally the US and Nations against them. Why do this when they can just sit back and watch the financial implosion take us out? (again, I believe their intent all along).:mad:
(Just one persons's opinion.)
VR
Click to expand...


Hi hessian,
that is definately a possibility, just sit back and watch things implode.

I don't think they are that worried about retaliation at this point. It would be difficult for us to identify exactly who planned it. If the planners had been living in the US for some time it would be difficult to find anyone to retaliate against. If they were from Afganistan, Pakistan, or even Somalia there is not much more we could do than we're already doing.

I was just looking at how vulnerable we are right now and speculating a little on what could tip us over. A lot of possibilities.

What do you think about Monday markets?
 
Steadygain said:
That's an incredibly BOLD move - especially in light of your ranking.

Well needless to say I hope you the very best.

With Poolman and 350z going 100% - and Uptrend mostly S Fund

I can't help but feel a lot of comfort - so thanks man - thanks a million


To everyone else on the MB - I honestly don't mean my comments to slight anyone else and I'm not out to offend anyone.

So if I said something to any of these guys (including Greg) it was all in good fun and I simply see my present play in the Markets highly tied to them.
Click to expand...

May we prosper on Monday Steady. I'm not real confident but that is probably a good thing.

Take care
 
mojo said:
Hi hessian,
that is definately a possibility, just sit back and watch things implode.

I don't think they are that worried about retaliation at this point. It would be difficult for us to identify exactly who planned it. If the planners had been living in the US for some time it would be difficult to find anyone to retaliate against. If they were from Afganistan, Pakistan, or even Somalia there is not much more we could do than we're already doing.

I was just looking at how vulnerable we are right now and speculating a little on what could tip us over. A lot of possibilities.

What do you think about Monday markets?
Click to expand...

Hi again Mojo,
Just FYI, there's alot more learned folks on this MB. Alot depends on your retirement horizon, and therefore how much risk you personally can tolerate. I got ~3 yrs, so in this crazy mess I play very conservative. Monday? -My best guess - its a craps shoot.
Besides the usual, I read somewhere to watch the &BKX (Banking Index). I think the Banks are crooks, manipulating all us little guys for their gain. As long as they know free bailout $$$ is there for them, they will continue to milk it for everything they can get (including hammering us by market manipulation).
I'm basically waiting on the sidelines, hoping there will be an eventual backlash against this spend-happy admin. Until then its all smoke and mirrors (and PPT manipulation).
Try to think like the BIG institutions and you might catch the 1 day rallys - timing being critical. I think more blood will run next week. Maybe at 600 S&P, I'll think to jump in a little, but all above has to have turned as well. (Just MHO). :blink:;)
 
hessian said:
Hi again Mojo,
Just FYI, there's alot more learned folks on this MB. Alot depends on your retirement horizon, and therefore how much risk you personally can tolerate. I got ~3 yrs, so in this crazy mess I play very conservative. Monday? -My best guess - its a craps shoot.
Besides the usual, I read somewhere to watch the &BKX (Banking Index). I think the Banks are crooks, manipulating all us little guys for their gain. As long as they know free bailout $$$ is there for them, they will continue to milk it for everything they can get (including hammering us by market manipulation).
I'm basically waiting on the sidelines, hoping there will be an eventual backlash against this spend-happy admin. Until then its all smoke and mirrors (and PPT manipulation).
Try to think like the BIG institutions and you might catch the 1 day rallys - timing being critical. I think more blood will run next week. Maybe at 600 S&P, I'll think to jump in a little, but all above has to have turned as well. (Just MHO). :blink:;)
Click to expand...

Yea I thought we might have more carnage today and bounce on Monday so I jumped in. Didn't work out that way. I agree with the 600 and probably 500s very soon. I won't be in more than 2 days, most likely get out cob Mon. Thanks for your thoughts.
 
"Lest one is not yet convinced of the stupidity of government (and yes we do mean all governments, even those with popular and charismatic leaders), one need only take a gander at the latest Obama budget. On top of having the inane title, "A New Era of Responsibility: Renewing America’s Promise", the document is chock full of grossly overoptimistic assumptions, that show a government in abject denial of reality. Firstly, they project GDP growth of –1.2% for this fiscal year, i.e. a mild recession. Based on the huge negative revision to 4th quarter GDP just released (which, incidentally, is the first quarter of this fiscal year), for the budget’s projection to be even close implies that the US is already out of recession [FONT=Arial,Arial][FONT=Arial,Arial]this quarter [/FONT][/FONT]and will grow strongly for the remainder of the year! Absolute nonsense, but it gets even more ridiculous. The budget then projects strong economic growth next year of 3.2%, to be followed over the next three years by real GDP growth of 4.0%, 4.6%, and 4.2% up to fiscal 2013. After this period of superlative growth under Obama’s watch, the economy will then return to a ‘normal long term growth rate’ of 2.6% per year thereafter. All told, according to the budget, for the six years 2008-2013 inclusive (a period that includes a severe global financial crisis and a once in a lifetime global depression) the US economy is projected to grow a cumulative 17.1% which, moronically, is even greater than it would have grown if it grew by the ‘long term growth rate’ of 2.6% over this six year period (16.6% cumulative) instead. In short, the depression, the financial crisis and the banking catastrophe are good for the economy!! The US is projected to grow by more with them than it would have grown if they had never happened in the first place. Truly mind boggling logic!

The US government is bankrupt, just like Citigroup, just like AIG, just like Fannie Mae. Citigroup, AIG, Fannie Mae, and countless others are being kept afloat only by the good auspices of the US government. Under whose good auspices will the US government be kept afloat? The US taxpayer? Don’t count on it. The government has no assets. All they have is borrowing and taxing power, the former being based on the latter. But the taxing powers of government are useless during a severe economic contraction. It’s like taking blood from a stone. When everybody’s income is down, what is the government supposed to tax? Furthermore, instead of reporting capital gains, people will be reporting capital losses, and asking for tax refunds. The government’s huge spending spree is coinciding with a precipitous fall in tax revenue. The projected $1.75 trillion deficit for fiscal 2009, a deficit that is over 12% of GDP, is double the size of any deficit as a percentage of the economy post-World War 2. Even this mind-boggling deficit is based on the assumption that we are in a mild recession, with strong growth to follow over the next several years. Not only is it a pipedream, it is ruinous. Rather than adopt austerity measures, as any government should during times of financial crisis resulting from over-indebtedness, the government is doing the exact opposite, spending beyond their means, and increasing the indebtedness of their citizenry even more. In and of itself, the massive bailouts and deficits incurred to ‘save’ the financial system will be a huge anchor on economic growth going forward. Even if the depression were to miraculously end tomorrow. "
http://www.sprott.com/pdf/marketsataglance/MAAG.pdf
 
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