So when will the stock market plummet back to 7000 level?

[HoldAndBuy]

I'm guessing within the next couple of months.

[propertymanager]

I wish I knew.  I guess the answer is it will plummet as soon as it becomes obvious that we are not in recovery.

Mike

[jfpen]

I wish I knew.  I guess the answer is it will plummet as soon as it becomes obvious that we are not in recovery.

Mike

Mike,
       I read a report on insider trading for the month of August. It basically said that if the total amount of insider trading was $32, $31 were executive selling and $1 was buying. That speaks volumes to me. I've locked in some great gains this year and am out of the equities markets entirely. 

JP

[allagash]

something to consider:

http://www.zerohedge.com/article/dow-10000-oh-wait-make-7537

-Mike

[NoTiceViCtor]

yeah I figured with the end of the fiscal year it will drop at least a bit. Turned out we have reached 10,000. Who knows these days. 

[Nick Brian]

Why do you want that? I expecting more and it will inrease. I've had a lot investment there.

[HoldAndBuy]

Why do you want that? I expecting more and it will inrease. I've had a lot investment there.

Well, who said I wanted it to happen? It's my prediction, based on a shell economy based on zombie banks, H1B workers, offshore call centers and "service" (read: no manufacturing) jobs.

[sellnbama]

I often wonder how long our country can remain on top, wealth wise.I look around everywhere and we don't make anything anymore.The USA has become just a gigantic distributor of other nations goods,mostly China.

[xpandergt]

It will happen as soon as gas goes over $3.00 a gallon. As companies start t miss their earnings expectations due to higher fuel prices, the stock market will have to go back down. The weak dollar will also freak out many stock investors. If any of that doesn't do, the crash of the commerical real estate market will surely do it.

[Bluemoon06]

I often wonder how long our country can remain on top, wealth wise.I look around everywhere and we don't make anything anymore.The USA has become just a gigantic distributor of other nations goods,mostly China.

I have a real concern about that also.  You either need production or resources, but a country needs to offer something hard to be number 1.  If you ask anybody is America number 1 they all say of course we are.  But if you look at the statistics we are not really.  Standard of living we are #3 #1 is Norway, Murder rate we are #78 #1 is Myanmar, Income we are #3 #1 is Luxembourg and of course healthcare we are #37 France is #1. 

I don’t know of any area of standard of success that we are number 1 in except military strength.  We have 11 aircraft carriers.  The country with the next largest amount is England.  The have 2.  We have more military ships in our navy than the next 13 navies combined.

We are like the kid in school that was 2 years older than everybody in the grade and was 6 feet tall and 200 bounds when everybody else was barely 100 pounds.  He was dumb as a stick but thought that because he could beat everybody up that he was the top kid.

We need to concentrate our efforts on making this country number 1 again, not just being everybodies policeman.

[sellnbama]

Bluemoon,
Well said.Being the "World police"is a great part of our debt problem.I personally know farmers who are paid more by govt not to farm than they would make farming.I believe we are pretty high up in our land resources and I can't understand why big govt is opposed to taking advantage.Sad times,when we import any knid of food or oil for that matter.If they were focused on the economy and jobs instead of takeovers and "bailout,aka controling==takeover.

This problem of corruption started long before Obama.Washington is infected with corrupt lawyers who were too lazy to actually work for business.Kinda like a public defender,,and we all know what a great job they do because they have job security.Same principle in washington.

[furnishedowner]

Bluemoon06,

Your last post was right on.

I never could understand mindless flag-waving, the "We're the greatest in the world!" stuff.  No, we're not.  I love this country, but I am aware of her faults.

No, our health care is NOT the greatest.  The most expensive, but not the greatest.  Other countries have surpassed us in treating certain diseases as well.  Germany is way more expert on holistic and herbal, rather than chemical treatments.  Japan is best in the world on stomach cancer, etc.  Way too many of our babies die compared to other countries.  We are poor on public health; first time mothers get home nurse health visits for newborns in Scandinavia and Great Britain.  They can then identify the dehydrated failure-to-thrive infants and save them.  Here a 16-year old mother is kicked out of the hospital in 48 hours and she doesn't have a clue as to how to care for a fragile newborn.

Yes, we are the class bully. The big dumb bully.  Just listen to the hate-filled anti-government voices in the media and on this site.

My only feelings of hope lie on Mr. Obama's skinny shoulders, just like the rest of the world.  Let's all hope he can be that mentor that the bully needs.

Furnishedowner



But the electorate has really been dumbed down.  So much simplistic slogan chanting, like "No big government"!  Well, we're a heck of a big country.  How's that gonna work?

[Hoosier4life2005]

Bluemoon06,

Your last post was right on.

I never could understand mindless flag-waving, the "We're the greatest in the world!" stuff.  No, we're not.  I love this country, but I am aware of her faults.

No, our health care is NOT the greatest.  The most expensive, but not the greatest.  Other countries have surpassed us in treating certain diseases as well.  Germany is way more expert on holistic and herbal, rather than chemical treatments.  Japan is best in the world on stomach cancer, etc.  Way too many of our babies die compared to other countries.  We are poor on public health; first time mothers get home nurse health visits for newborns in Scandinavia and Great Britain.  They can then identify the dehydrated failure-to-thrive infants and save them.  Here a 16-year old mother is kicked out of the hospital in 48 hours and she doesn't have a clue as to how to care for a fragile newborn.

Yes, we are the class bully. The big dumb bully.  Just listen to the hate-filled anti-government voices in the media and on this site.

My only feelings of hope lie on Mr. Obama's skinny shoulders, just like the rest of the world.  Let's all hope he can be that mentor that the bully needs.

Furnishedowner



But the electorate has really been dumbed down.  So much simplistic slogan chanting, like "No big government"!  Well, we're a heck of a big country.  How's that gonna work?

Sorry, we ARE the greatest in the world.  Sadly, Socialists like you are wanting to copy other countries and are the reason for our decline.  Individualism>Socialism.

[Bluemoon06]

Sorry, we ARE the greatest in the world.  Sadly, Socialists like you are wanting to copy other countries and are the reason for our decline.  Individualism>Socialism.

Son I am not a socialist.  There are no socialists on this site.  By definition we are all capitalists.  Real Estate.  Getting rich.  Make a bunch of money.  What part of capitalist don't you get.  Were you homeschooled?

[Hoosier4life2005]

Sorry, we ARE the greatest in the world.  Sadly, Socialists like you are wanting to copy other countries and are the reason for our decline.  Individualism>Socialism.

Son I am not a socialist.  There are no socialists on this site.  By definition we are all capitalists.  Real Estate.  Getting rich.  Make a bunch of money.  What part of capitalist don't you get.  Were you homeschooled?

WRONG!  People on this website are enjoying the BENEFITS of Capitalism, but that doenst mean they are Capitalists. 

Thats like saying Obama is a Capitalist because he bought a house once....

I can tell you right now, FurnishedOwner is VERY Socialist  There are a few on this board who have Socialist-like views. 

so⋅cial⋅ism  /ˈsoʊʃəˌlɪzəm/  Show Spelled Pronunciation [soh-shuh-liz-uhm]  Show IPA
Use Socialism in a Sentence
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–noun 1. a theory or system of social organization that advocates the vesting of the ownership and control of the means of production and distribution, of capital, land, etc., in the community as a whole.

Those who support Welfare, higher taxes on the rich, penalizing people not wanting to buy Health Care, are all Socialist views.

So I guess the question is, WHAT PART OF CAPITALISM DONT YOU GET!?!?