That was an ugly stock market day...
- Thread starter Damocles
- Start date
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The Almighty
yes it was.... It looks like it will continue as the EU/Euro deterioration continues to weigh on the global economy.
Crap... Strong dollar position? Or do you think we're going to punch down with them by spreading the dollar thin "lending" Greece money?
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how about our own debt ratio effecting the market....if this was just about europe i don't think it would be this bad....
People are running to Treasuries and buying up that debt, the US is far better positioned than Europe on debt ratio (weird, eh?).
I can't believe they are running there rather than to the metals...
SF, what do you think? It seems that Gold might be a better bet than even I thought? (I almost wish I bought more of it in my Roth IRA).
I can't believe they are running there rather than to the metals...
SF, what do you think? It seems that Gold might be a better bet than even I thought? (I almost wish I bought more of it in my Roth IRA).
Cancel 2016.2
The Almighty
The Senate on the 17th voted 94-0 to not allow the IMF to fund countries that did not show signs of being able to pay back the money. My guess is their focus was on Greece in particular. Americans do not want to bail Greece (or any other country) out. The Senate is finally catching on.
the dollar weakened a bit today, but all signs are pointing towards it continuing to pick up strength. It was just due for a bit of a pullback. Will be watching the Euro closely though. If it closes above $125, then we may need to pull out. If it refuses to break through for the next week or so, then we may want to add.
Cancel 2016.2
The Almighty
People are running to Treasuries and buying up that debt, the US is far better positioned than Europe on debt ratio (weird, eh?).
I can't believe they are running there rather than to the metals...
SF, what do you think? It seems that Gold might be a better bet than even I thought? (I almost wish I bought more of it in my Roth IRA).
very tough call on gold right now. From a safety standpoint, it makes sense to buy it. But it has been getting tagged the last few days in anticipation of the dollar continuing to strengthen.
As of right now... hold it if you have it... but if looking to add, we suggest holding on for now as it could come back towards the $1125 range. If it breaks there, then potentially back to test $1000 (seriously doubt it breaks that)
Yeah, I read about that vote, but you do realize it leaves way too much wriggle room? "Doesn't seem likely to pay back..."
I mean, GM doesn't seem likely to pay back their debt in any way other than switching debt loads to other Tax Funded loans...
Imagine Greece's reaction, "What do you mean it seems likely we'll never pay it back?!" Then we'll be doomed, I hear they have a direct line to Zeus.
Sammy Jankis
Was it me?
exactly damo, you're becoming more perspicacious. "Signs of being able to pay back"?
WTF does that mean? is it a willingness to give their first born sons? A willingness to institute a mandatory 120 hour workweek, and to only allow foreign companies to operate? wtf do they want? They will want it from us eventually.
This is the path to enslavement all us conspiracy "theorists" are going on about all the time.
Cancel 2016.2
The Almighty
the way I 'read' that vote is this:
They deliberately left that wiggle room. That way they can say to Greece...
'implement the austerity measures FIRST and THEN we will loan you the money'
I think they are trying to give fair warning that they are not going to loan it like they did to GM (or Chrysler for that matter).
They see the writing on the wall. The tax payers are pissed. They are tired of bailouts. So they better be pretty damn certain anyone they loan money to will pay it back.
Sammy Jankis
Was it me?
Plus, they have to set the precedent of enslaving a nation before handing over the fake money. Barter would be better than this particular debt slavery money system.