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Old 06-05-2010, 09:16 PM   #441
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Originally Posted by FUEGO View Post
Well, you must concede there is a non-zero chance that the rest of us will continue being just fine. We will continue owning diversified portfolios of stocks, bonds, etc and either continue accumulating our nest egg (for those seeking to ER) or continue withdrawing an amount sufficient to live off of each year (for those currently ER'd).
100% agree. brogan and i are looking macro. you are talking micro - you might be fine. as will a lot of forward looking folk -
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Old 06-05-2010, 10:10 PM   #442
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Like most issues, a cure starts with accepting that there is a problem
Then a majority of the participants need to demand a change.
Then leaders needs to emerge, so common folks can follow.
Then change will happen.
It's supposed to be our country, [moderator edit]
In the USA, any demand for true change is so threatening to the establishment, that it's met with the full force of their media, highlighting those involved as being pinko wackos.
The investing public has not reached anywhere near the pain level reqd to ignore the lies & demand change. Not yet, but they will eventually.

When you have Wall St folks jumping the fence to become regulators & then jumping back to Wall St....a la Rubin.....and no outrage is expressed....clearly the pain threshold is a long way off.
I'm prepared for large helpings of pain over the next decade or two.
It's fine to disagree with one man's opinion...just be open to the fact that he may be right.....he may not. The evidence sure stacks up on my side...
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Old 06-06-2010, 12:56 AM   #443
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Ooooohkay.

Listen, some of us on the board have gained the (possibly mistaken) impression that the moderators occasionally refer to the "Ignore Poster" list as a means of judging who's contributing to the board... and who isn't.

I've asked questions that both of you have had a chance to answer, but you seem to be a little short on both contributions and answers.

So, since I clearly won't be missing out on any answers, and in case the moderators really do refer to the top ten on the list, you both have a nice life now.
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Old 06-06-2010, 01:01 AM   #444
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Originally Posted by brogan007 View Post
Like most issues, a cure starts with accepting that there is a problem
Then a majority of the participants need to demand a change.
Then leaders needs to emerge, so common folks can follow.
Then change will happen.
It's supposed to be our country, [moderator edit]
In the USA, any demand for true change is so threatening to the establishment, that it's met with the full force of their media, highlighting those involved as being pinko wackos.
The investing public has not reached anywhere near the pain level reqd to ignore the lies & demand change. Not yet, but they will eventually.

When you have Wall St folks jumping the fence to become regulators & then jumping back to Wall St....a la Rubin.....and no outrage is expressed....clearly the pain threshold is a long way off.
I'm prepared for large helpings of pain over the next decade or two.
It's fine to disagree with one man's opinion...just be open to the fact that he may be right.....he may not. The evidence sure stacks up on my side...


Some people see a problem... where others do not...

The very big vast majority does not see the problem you do... sure, there are some very big problems right now with how much or gvmt spends... and waging war for 10 years without results... and other things... but as far as the financial system being this big racket that only 'they' win is not one...
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Old 06-06-2010, 01:49 AM   #445
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Originally Posted by brogan007 View Post
Is everyone on drugs?
Someone mention my name?

Fox News is in the business of outrage...

And make no mistake, it IS a business.
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Old 06-06-2010, 07:07 AM   #446
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Originally Posted by Nords View Post
Ooooohkay.

Listen, some of us on the board have gained the (possibly mistaken) impression that the moderators occasionally refer to the "Ignore Poster" list as a means of judging who's contributing to the board... and who isn't.

I've asked questions that both of you have had a chance to answer, but you seem to be a little short on both contributions and answers.

So, since I clearly won't be missing out on any answers, and in case the moderators really do refer to the top ten on the list, you both have a nice life now.
Quality advice, as always.
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Old 06-06-2010, 09:29 AM   #447
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Looks like a Monday is gonna be a bad day for the Bulls...

Bloomberg.com: Futures

It could get better or it could get worse...
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Old 06-06-2010, 09:40 AM   #448
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I think there are definite problems with the markets. There are casino style investors out there who really aren't investing at all. They are more like gamblers than true investors, using computer models to profit off small price discrepancies between two different assets or products. I think this type of investing probably distorts the market somewhat and probably takes a little profit away from the true investors who are trying to save for retirement but this may be offset by the big increase in liquidity of markets. Hard for me to say whether or not the gamblers are a net plus for the markets but I do know better regulation is needed, especially where leverage and exotic investment vehicles are concerned.
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Old 06-06-2010, 09:49 AM   #449
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Hard for me to say whether or not the gamblers are a net plus for the markets but I do know better regulation is needed, especially where leverage and exotic investment vehicles are concerned.
Most sudies that I know about suggest that this trading overall uses liquidity rather than provides it.

Ha
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Old 06-06-2010, 01:34 PM   #450
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I suppose it is all a matter of perspective: where you see canaries in a "cole" mine, others see flies in the cole slaw...
oops. that's my cat, not the carbon coal. i apologized to him

back to topic - i firmly believe the markets are manipulated. the plunge protection team, the flash trading, the zero interest rate policy of the fed, jpm's outsized silver short position on the comex, the fed buying up all of the trash from the nyc banks (with our checkbook), much more...

it's been a tough ten years. i only see more of the same coming. hope i'm wrong -
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Old 06-06-2010, 01:50 PM   #451
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oops. that's my cat, not the carbon coal. i apologized to him
I have no idea what you're talking about so here's a bunny with a pancake on it's head
Attached Images
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Old 06-06-2010, 02:07 PM   #452
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as the cpi and unemployment numbers are fiction...here's the latest - census workers hired, fired, hired...to help with the fraudulent employment reports -

Two more Census workers blow the whistle - NYPOST.com

Last week, one of the millions of workers hired by Census 2010 to parade around the country counting Americans blew the whistle on some statistical tricks.
The worker, Naomi Cohn, told The Post that she was hired and fired a number of times by Census. Each time she was hired back, it seems, Census was able to report the creation of a new job to the Labor Department.
Below, I have a couple more readers who worked for Census 2010 and have tales to tell.

But first, this much we know.
Each month Census gives Labor a figure on the number of workers it has hired. That figure goes into the closely followed monthly employment report Labor provides. For the past two months the hiring by Census has made up a good portion of the new jobs.
Labor doesn't check the Census hiring figure or whether the jobs are actually new or recycled. It considers a new job to have been created if someone is hired to work at least one hour a month.
One hour! A month! So, if a worker is terminated after only one hour and another is hired in her place, then a second new job can apparently be reported to Labor . (I've been unable to get Census to explain this to me.)
Here's a note from a Census worker -- this one from Manhattan:
"John: I am on my fourth rehire with the 2010 Census.
"I have been hired, trained for a week, given a few hours of work, then laid off. So my unemployed self now counts for four new jobs.
"I have been paid more to train all four times than I have been paid to actually produce results. These are my tax dollars and your tax dollars at work.
"A few months ago I was trained for three days and offered five hours of work counting the homeless. Now, I am knocking (on) doors trying to find the people that have not returned their Census forms. I worked the 2000 Census. It was a far more organized venture.
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Old 06-06-2010, 02:25 PM   #453
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Originally Posted by BTravlin View Post
I think there are definite problems with the markets. There are casino style investors out there who really aren't investing at all. They are more like gamblers than true investors, using computer models to profit off small price discrepancies between two different assets or products. I think this type of investing probably distorts the market somewhat and probably takes a little profit away from the true investors who are trying to save for retirement but this may be offset by the big increase in liquidity of markets. Hard for me to say whether or not the gamblers are a net plus for the markets but I do know better regulation is needed, especially where leverage and exotic investment vehicles are concerned.
I don't think these leveraged "ultrashort" ETFs are good for market stability, either.
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Old 06-06-2010, 03:28 PM   #454
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Originally Posted by Steve O View Post
Looks like a Monday is gonna be a bad day for the Bulls...

Bloomberg.com: Futures

It could get better or it could get worse...
Did you look at the dates? Those numbers are from friday.
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Old 06-06-2010, 03:46 PM   #455
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Originally Posted by HFWR View Post
Fox News is in the business of outrage...
And make no mistake, it IS a business.
And MSNBC is the business of peace & harmony...gimme a break,
they're two sides of the same coin.
With all this pessimism, might be a good time to buy
TJ
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Old 06-06-2010, 04:15 PM   #456
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Quote:
Originally Posted by Steve O View Post
Looks like a Monday is gonna be a bad day for the Bulls...

Bloomberg.com: Futures

It could get better or it could get worse...

It is bad if you are selling, but it is great if you are buying. I plan to be doing both next week. I have been selling out of indexes and buying individual stocks. The quality of my dividend income has been improving.

Next week I plan on adding to my shares of: MO, PM, T, JNJ

and adding new shares to two of the following: CVX, XOM, KO, PEP, PG, WMT, MCD, PFE, ABT.

Not sure which two I will add yet.

I'll add that I think the employment data was horrible. My fear of a double dip has increased a lot.
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Old 06-06-2010, 04:54 PM   #457
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Quote:
Originally Posted by endthefed View Post
as the cpi and unemployment numbers are fiction...here's the latest - census workers hired, fired, hired...to help with the fraudulent employment reports -

Two more Census workers blow the whistle - NYPOST.com

Last week, one of the millions of workers hired by Census 2010 to parade around the country counting Americans blew the whistle on some statistical tricks.
The worker, Naomi Cohn, told The Post that she was hired and fired a number of times by Census. Each time she was hired back, it seems, Census was able to report the creation of a new job to the Labor Department.
Below, I have a couple more readers who worked for Census 2010 and have tales to tell.

But first, this much we know.
Each month Census gives Labor a figure on the number of workers it has hired. That figure goes into the closely followed monthly employment report Labor provides. For the past two months the hiring by Census has made up a good portion of the new jobs.
Labor doesn't check the Census hiring figure or whether the jobs are actually new or recycled. It considers a new job to have been created if someone is hired to work at least one hour a month.
One hour! A month! So, if a worker is terminated after only one hour and another is hired in her place, then a second new job can apparently be reported to Labor . (I've been unable to get Census to explain this to me.)
Here's a note from a Census worker -- this one from Manhattan:
"John: I am on my fourth rehire with the 2010 Census.
"I have been hired, trained for a week, given a few hours of work, then laid off. So my unemployed self now counts for four new jobs.
"I have been paid more to train all four times than I have been paid to actually produce results. These are my tax dollars and your tax dollars at work.
"A few months ago I was trained for three days and offered five hours of work counting the homeless. Now, I am knocking (on) doors trying to find the people that have not returned their Census forms. I worked the 2000 Census. It was a far more organized venture.
This is not correct and the same worker is not reported as a new hire. More Census Nonsense | FactCheck.org

I suggest you get your facts at least somewhat straight.
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Old 06-06-2010, 05:05 PM   #458
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Originally Posted by Martha View Post
This is not correct and the same worker is not reported as a new hire. More Census Nonsense | FactCheck.org

I suggest you get your facts at least somewhat straight.
Martha, you are such a spoil-sport. A guy can't even scream "The sky is falling!!" around here without someone taking him to task.
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Old 06-06-2010, 05:41 PM   #459
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This is not correct and the same worker is not reported as a new hire. More Census Nonsense | FactCheck.org

I suggest you get your facts at least somewhat straight.
I'm thinking about your old avatar.

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Old 06-06-2010, 05:43 PM   #460
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