Steadygain's Account Talk

[Frixxxx]

Although I can agree with wanting a "New World Order", the problem is that cashless, doesn't equate to value. Until we can globally agree on a value that can be standardized, we can't do it.

Remember, each country has natural resources of some sort. Hence, when the gold standard was implemented, it clearly left out countries that did not have or were unable to readily produce it.

If we could figure out something universal, then MAYBE it could happen, but then again, we can't even agree on a type of government to equally place on this globe.

Until that time, we meander in the quagmire, that we call the markets.

 

[Steadygain]

Think, one big world central bank to control the whole world's single currency. How is this a good idea?

Ahhhh....

I DID NOT mean to convey that I THINK IT'S A GOOD IDEA.

In a 'perfect society' it's a very good idea. In an imperfect society it would guarantee the corrupt few at the top would have total control of everything.

Although I can agree with wanting a "New World Order"

That is NOT what I want. With that will be a 'pledge' to abide and without that 'pledge' none will be able to buy or sell anything.

I dread that day - please know Frixxxx - my previous post was only showing why the smoothness of this New World Order could so easily come to fruitation.

the problem is that cashless, doesn't equate to value.

The Value remains exactly the same - with (or without) the check or paper money. It's how we all get paid and it is the numbers in our accounts (not the paper) that largely determine our individual economic abilities. I rarely ever use cash - so it would mean nothing to me.

 

[Frixxxx]

I knew what you meant about the new world order. You and I think alike.

The eutopian visions of everyone agreeing to agree and honoring that unfortunately is not even a remote chance.

I put it like this. A vintage Jimi Hendrix guitar has value to you more than me. I would never buy it for myself, but you would probably dole out a few bucks to acquire it. Hence value is not equal in this scenario.

But a gallon of water is valuable to both of us. If we agree to pay for it, then the value is determined on thirst. Whoever is the thirstiest, will probably pay more adjusting it's value.

Oh heck, I see an econ class coming on...anyway, just wanted to say that I agree that we agree that it is not in our best interest for a global currency.

 

[Steadygain]

I knew what you meant about the new world order. You and I think alike.

The eutopian visions of everyone agreeing to agree and honoring that unfortunately is not even a remote chance.

I put it like this. A vintage Jimi Hendrix guitar has value to you more than me. I would never buy it for myself, but you would probably dole out a few bucks to acquire it. Hence value is not equal in this scenario.

But a gallon of water is valuable to both of us. If we agree to pay for it, then the value is determined on thirst. Whoever is the thirstiest, will probably pay more adjusting it's value.

Oh heck, I see an econ class coming on...anyway, just wanted to say that I agree that we agree that it is not in our best interest for a global currency.

 

[Steadygain]

and it's a HARD...


.....................it's a HARD


...........................IT'S A HARDDDD RAIN'S

GONNA' FALL

 

[kar_crazy]

who will stop the rain , as long as i can remember, been seeking shelter from this storm:blink: but in the wrong place :laugh:

 

[Steadygain]

who will stop the rain , as long as i can remember, been seeking shelter from this storm:blink: but in the wrong place :laugh:

THANKS KC - THAT WAS GREAT !!!

It's amazing - but I remember when the MARKETS first flew up faster than I ever thought possible with Bush's (most recent president) first election. I missed the Biggest Gain because I had already met my year's goal and decided to LOCK in G Fund - so in hindsight staying high risk would have been the way to go. Anyway I marked that as the point the Markets would eventually have to FALL back to - and the higher they went the more it had to fall. So everything is working out exactly as I thought it would.

At that time I thought how ridiculous - that emotions could actually control the Markets and the Economy in general. Pretty much throughout the whole Housing Bubble I saw disaster - but what can you do but jump in on a good thing while it lasts.

I guess I'm a little surprized by the general sentiment - and wish like anything someone else had been in Paulson's Place and been faced with the exact same situation.

Maybe it's all an illusion - but I still believe in the U.S.A. and that those in charge will do everything possible to not only turn our economy around - but actually right the wrongs and avoid disasters on this scope in the future.

 

[Corepuncher]

I don't see how bearish sentiment can get any worse. The bottom must be near (at least near term/months) if you believe in contrarian indicators.

 

[mojo]

I don't see how bearish sentiment can get any worse. The bottom must be near (at least near term/months) if you believe in contrarian indicators.

I bet that's what they said at the start of the five 20%+ rallies during the great depression. Maybe we can catch a ride on one of them

 

[Steadygain]

I don't see how bearish sentiment can get any worse. The bottom must be near (at least near term/months) if you believe in contrarian indicators.

CP,
What we have seen to date is hardly anything to balk about (at least in 2009)

We have seen a gradual fall - mixed with some rallies... but on the whole it's been this baby step garbage of slowing going down...


If the USA is guilty of anything - especially during the BUSH administration it is doing everything possible to HIDE THE TRUTH.

ONLY NOW - Does BEN have the freedom to tell the truth and what is he saying "The US Economy will undoubted contract worse than expected in the near future"

Look at CHINA - 17 Million out of work and 77,000 companies closed down

The USA has survived ONLY BECAUSE CHINA has given them the money to survive.

If you honestly believe a bottom is near - then I highly encourage you to fully invest in High Risk and leave it there. I bet you more than double your losses.

I believe that this ONE TIME - the BEARISH SENTIMENT is accurate and reflecting damage on the scale of 9-10/08

That it will fall hard and it will fall fast. I'm still waiting for the 500 to 700 point drops in the next few months

 

[CountryBoy]

I don't see how bearish sentiment can get any worse. The bottom must be near (at least near term/months) if you believe in contrarian indicators.

That's what I thought CP, but I think we are in for a lot more hurting. Our pols are running around like chickens with their heads cut off and no one is hardly singing from the same sheet of paper.

CB

 

[Steadygain]

That's what I thought CP, but I think we are in for a lot more hurting. Our pols are running around like chickens with their heads cut off and no one is hardly singing from the same sheet of paper.

CB

Thanks for stopn' by CB

The most serious problem we're encountering is the sheer fact that:

The FED can not magically turn this around (and over history everyone's been led to believe NO MATTER WHAT - that lowering rates and all that stuff will work magic)

That Politicians (Rep or Dem) somehow have the ability to change GLOBAL EVENTS that are far beyond their capacity to control

All they can do is LOWER RATES (NOW DOWN TO ZERO)
INJECT MORE MONEY - DONE THAT OVER AND OVER
BAIL OUT THOSE IN TROUBLE - DONE THAT OVER AND OVER
GIVE MORE AND MORE MONEY TO SPUR SPENDING - OVER AND OVER
GOVERNMENT IS FORCED TO TAKE CONTROL OF FANNIE/FREDDIE, AIG, CITI, AND AT LEAST 30 OTHER BANKS

NOT BECAUSE THEY WANT TO - BUT BECAUSE THEY HAVE TO

SO THEY ARE ALL LEFT WITH 2 CHOICES - DO ABSOLUTELY NOTHING AND LET THE BANKING SYSTEM TOTALLY COLLAPSE

OR DO EVERYTHING POSSIBLE TO KEEP AIR IN THE TIRES AND KEEP THE SYSTEM FUNCTIONING

BTW - I'm not yelling CB - it's just the way I express myself when I've got a strong view on something :toung:

 

[turbo23dog]

Well, I guess the good news is that 740 held...

Here's a good song for today's closing bell. Just think the paralells between "woman" and the markets...

Led Zep: "Dazed And Confused"

Been Dazed and Confused for so long it's not true.
Wanted a woman, never bargained for you.
Lots of people talk and few of them know,
soul of a woman was created below.

You hurt and abuse tellin' all of your lies.
Run around sweet baby, Lord how they hypnotize.
Sweet little baby, I don't know where you've been.
Gonna love you baby, here I come again.

Every day I work so hard, bringin' home my hard earned pay
Try to love you baby, but you push me away.
Don't know where you're goin', only know just where you've been,
Sweet little baby, I want you again.

Been dazed and confused for so long, it's not true.
Wanted a woman, never bargained for you.
Take it easy baby, let them say what they will.
Will your tongue wag so much when I send you the bill?

 

[Steadygain]

Well, I guess the good news is that 740 held...

Here's a good song for today's closing bell. Just think the paralells between "woman" and the markets...

Led Zep: "Dazed And Confused"

Been Dazed and Confused for so long it's not true.
Wanted a woman, never bargained for you.
Lots of people talk and few of them know,
soul of a woman was created below.

You hurt and abuse tellin' all of your lies.
Run around sweet baby, Lord how they hypnotize.
Sweet little baby, I don't know where you've been.
Gonna love you baby, here I come again.

Every day I work so hard, bringin' home my hard earned pay
Try to love you baby, but you push me away.
Don't know where you're goin', only know just where you've been,
Sweet little baby, I want you again.

Been dazed and confused for so long, it's not true.
Wanted a woman, never bargained for you.
Take it easy baby, let them say what they will.
Will your tongue wag so much when I send you the bill?

WOW

There is no way I could have picked a better song and expressed it any better.

Thanks man - VERY WELL DONE.

 

[Silverbird]

The simple answer, unite under one Currency, the simple answer is alluring, and I agree let's hope the world doesn't embrace it from some panic reaction.

A single currency never has worked. Under gold and silver coins, there was rampant cheating by certain goverments and issuers. I remember one coin gained Henry VIII the nickame "Coppernose", because his big nose was the first thing to rub off and reveal copper. Before then, coins minted by the British mint were prized as some of the most pure. Coins were only worth the reputation of the issuer, and that's pretty much like currencies work today. (I'm not saying the U.S has the best reputation, it's that the other economies look worse...).

Luckily, I can't see the world agreeing on how this "currency" would be valued. Forming the "basket" for the currencies would be the proverbial basket case. I think we are stuck with the system we have now.

 

[Steadygain]

Let's end the DAY on the same beautiful note it was meant to start with.

Wild Horses - by the Stones

If you know this song then PLEASE take a journey with me. During this song be like a comet flying through space - no friction causing a fire - BUT the same magical long trail of brilliant and beautiful energy streaming along behind us. We are blazing a path through infinate colors with the most beautiful emotions imaginable - in a Universe that can only exist in the imagination that seeks to discover all and grasp everything possible and let every little aspect come to life.

With the 'Wild Horses' chorus - imagine reaching a place in space where unicorns represent angels and they surround you and just the sight of them fills you with the most intense and wonderful happiness, peace, and joy. Of course the unicorns have wings and are flying - magistic and beautiful

So dance with this in my world and in my way - where the movement into the unknown is the dance and you simply yeild to that movement and allow yourself to spin and summer sault and fly and do everything imaginable as you drift further and further into increasing wonderful worlds never seen before.

Childhood living is easy to do
The things you wanted I bought them for you
Graceless lady you know who I am
You know I cant let you slide through my hands

Wild horses couldnt drag me away
Wild, wild horses, couldnt drag me away

I watched you suffer a dull aching pain
Now you decided to show me the same
No sweeping exits or offstage lines
Could make me feel bitter or treat you unkind

Wild horses couldnt drag me away
Wild, wild horses, couldnt drag me away

I know I dreamed you a sin and a lie
I have my freedom but I dont have much time
Faith has been broken, tears must be cried
Lets do some living after we die

Wild horses couldnt drag me away
Wild, wild horses, well ride them some day

Wild horses couldnt drag me away
Wild, wild horses, well ride them some day

Take a break from everything else - let everything go and find the freedom to let this song do its magic.

And now some tid bits - to reflect on.....

The simple answer, unite under one Currency, the simple answer is alluring, and I agree let's hope the world doesn't embrace it from some panic reaction.

A single currency never has worked. Under gold and silver coins, there was rampant cheating by certain goverments and issuers. I remember one coin gained Henry VIII the nickame "Coppernose", because his big nose was the first thing to rub off and reveal copper. Before then, coins minted by the British mint were prized as some of the most pure. Coins were only worth the reputation of the issuer, and that's pretty much like currencies work today.

Luckily, I can't see the world agreeing on how this "currency" would be valued. Forming the "basket" for the currencies would be the proverbial basket case. I think we are stuck with the system we have now.

This is amazing stuff Silverbird

Thank you - I'm really amazed with your depth of knowledge and insights in general

Gosh I'm just a regular guy that knows only gut feelings and pretty much goes on 'FEAR' - or 'EUPHORIA'

Have a good great night everyone - need to head out.

 

[mojo]

Hey Steady I ran into Mick Jagger at JFK airport day before yesterday. Boy we're getting old.

I know you are a big fan of Hendrix. What about Leonard Coen? I ask because of your strong interest in lyrics.

 

[Steadygain]

Hey Steady I ran into Mick Jagger at JFK airport day before yesterday. Boy we're getting old.

I know you are a big fan of Hendrix. What about Leonard Coen? I ask because of your strong interest in lyrics.

It's amazing because some things are so deep - there are no quick answers. The only way I can respond is letting all my cells come to life and harmonize with each other and try to let each one give it's message.

Mick Jagger represents music in it's truest and richest form - and regardless of his age what he represents is absolutely timeless and forever priceless.

It's not that I'm a fan - it's way more that I'm a follower - someone who was so inspired by the his style and skill that I essentially worshiped him and did all things possible to become him. He was the only one to play from his soul - to effortlessly let his energy flow through the guitar and actually make the guitar one with him. So with him it wasn't so much playing guitar - it was way more a marriage or union of the guitar with his soul and being and that's what I became. So it's really hard to express the extent he influenced me because he broke the mold and allowed me to totally lose myself and incorporate sounds like never before.

Leonard Coen - is similar to Bob Dylan (and for that matter many other artists at heart). I am a fan of anyone who can express themselves on the level Leonard and Bob have done throughout the years. They are hearts that openly flow - spirits with a message that is meant to flow forever.

THANKS for asking... and all the more thanks for making me go deep

 

[Steadygain]

Today's song in by Ten Years After

Alvin Lee was a great guitarist and I played a lot of his stuff.

This is one I especially played for the ladies - not because of the lyrics but because it was sung so beautifully and the music had a way of reaching deep down - so I always thought of it as a very romantic....loving...soothing piece to drift them away.

Everywhere is freaks and hairies
Dykes and fairies, tell me where is sanity
Tax the rich, feed the poor
Till there are no rich no more

Id love to change the world
But I dont know what to do
So Ill leave it up to you

Population keeps on breeding
Nation bleeding, still more feeding economy
Life is funny, skies are sunny
Bees make honey, who needs money, monopoly

Id love to change the world
But I dont know what to do
So Ill leave it up to you

World pollution, theres no solution
Institution, electrocution
Just black and white, rich or poor
Them and us, stop the war

Id love to change the world
But I dont know what to do
So Ill leave it up to you


relax ... chill out... enjoy

 

[Steadygain]

http://money.cnn.com/2009/02/24/news/economy/consumer_confidence/index.htm

Consumer confidence plummets

Index of consumer sentiment falls to an all-time low in February and signals more deterioration ahead.



Sorry folks but this is every bit as bad as Frozen Credit and the Housing situation. Consumer Confidence will do more to tear the Markets down than all other factors combined at this point

I now project the Markets to TANK another 20%

All we can do is wait it out - no person or department (FED.. Treasury.. or whatever) has the power or ability to turn that around overnight ... it's a long road ahead.

but there will likely be a 'bounce' before the fall