Capitalism Up, Stock Market Down!

[propertymanager]

I guess Cramer was wrong again.  He said that a Brown victory in MA would mean a big rally on Wall Street (he used the word - GIGANTIC).

Here's the quote and the link:

"I think investors who are nervous about the dictatorship of the Pelosi proletariat will feel at ease, and we could have a gigantic rally off a Coakley loss and a Brown win," said Cramer on Friday's "Mad Money."

"It will be a signal that a more pro-business, less pro-labor government could be in front of us."

http://newsbusters.org/blogs/noel-sheppard/2010/01/17/jim-cramer-brown-win-causes-huge-stock-rally-investors-nervous-about-

Now, I'll have to admit that I don't have much faith in Cramer.  However, in this case he was ABSOLUTELY RIGHT!  A major repudiation of The Chosen One's socialist agenda in liberal MA in favor of a more capitalistic system SHOULD have resulted in a HUGE rally on Wall Street.  Why didn't it?  BECAUSE WALL STREET IS IN THE SOCIALIST CAMP!  In fact, they don't have a choice.  It was the socialist bailouts that kept them in business and it is the socialist handouts that are keeping them in business today.  Unfortunately, it's not only the big banks that are socialistic, it GM, Freddie, Fannie, and all the other companies and industries that are too big to fail.  In addition, GE and other companies have made huge bets on socialism and profiting from it with their silly mercury filled hazmat lightbulbs, wind-turbines, etc.  Wall Street doesn't like the idea that the transfer of wealth (theft) from the middle class could be in jeopardy.  So, the market went down instead of up.

It's all a SCAM!  Look out below - she's gonna collapse!

[fdjake]

It's called................BUYING THE RUMOR and SELLING THE NEWS!!

Do you really think anyone with even HALF A BRAIN is taking investment advice from JIM CRAMER??????

Come on................REALLY??????

But I do agree with you on one point Mike....We will probably see a sell off at some point.....But NOT to the March lows or COLLAPSE LEVELS.....

But you just keep on HOPING!!! (and RE-LOADING and CANNING and DIGGING!!!)

[propertymanager]

It's called................BUYING THE RUMOR and SELLING THE NEWS!!

The only problem with that theory is that there wasn't a "gigantic" rally before the election either.  The bottom line is that Wall Street is disappointed that socialism had a setback yesterday, because these big wall street firms are depending on socialism for their survival.

[fdjake]

One SMALL problem with your SOCIALISM THEORY.....

In March the market was at 6000

Almost a YEAR LATER it's at 10,000 PLUS!!!

That doesn't come across as a giant SOCIALISM PROTEST!!!

But keep hoping for that COLLAPSE MIKE......You missed it with FORD ........but MAYBE, JUST MAYBE you can see it happen with the COUNTRY....

KEEP HOPE ALIVE.......PRAY FOR the economic COLLAPSE!!

[propertymanager]

One SMALL problem with your SOCIALISM THEORY.....

In March the market was at 6000

Almost a YEAR LATER it's at 10,000 PLUS!!!

No, the socialism is exactly why the market is now at 10,000 plus.  The government has printed more than a TRILLION dollars of ponzi-scheme created funny money that they've used to prop up failed Wall Street Companies.  Of course their stock went up - THEY LITERALLY CAN'T FAIL UNDER SOCIALISM!  The only problem is that it isn't permanent - it can only last until the ponzi scheme collapses.

But keep hoping for that COLLAPSE MIKE......

I'm not hoping for a collapse, but I firmly believe it's going to happen.

[allagash]

shaping up to be a great pivot day for the markets.

-Mike
http://www.youtube.com/watch?v=u9-v-49qBMM

[phlemboy]

Actually Cramer said we COULD have a rally. Not that we would. This way he could be right and wrong at the same time. Also, the healthcare rally had already occured in yesterday's trading action.

[rookieNYC]

No, the socialism is exactly why the market is now at 10,000 plus.  The government has printed more than a TRILLION dollars of ponzi-scheme created funny money that they've used to prop up failed Wall Street Companies.  Of course their stock went up - THEY LITERALLY CAN'T FAIL UNDER SOCIALISM!  The only problem is that it isn't permanent - it can only last until the ponzi scheme collapses.

A landlord giving out advice on the equity markets..LOL..I should start a thread on how to cashflow clapboard palaces in the middle of bum***k USA..What was I thinking all along?..

A pullback is inevitable in the equity markets and who knows how far and who cares...The easy money has been made...If you didnt make a mint in 2009 in the equity markets you dont deserve to have an opinion on the markets because you are not a savvy enough investor to have credibility..This has long been my argument with this place..So many people form an opinion about things they have zero experience with..Stick to what you know

[propertymanager]

A landlord giving out advice on the equity markets..LOL

Once again, you attack the poster but don't comment on the content.

If you didnt make a mint in 2009 in the equity markets you dont deserve to have an opinion on the markets because you are not a savvy enough investor to have credibility..This has long been my argument with this place..

So, let me get this straight.  YOU are the only one on this forum that is qualified to comment about anything? 

[rookieNYC]

I didnt attack you..What I did comment on was your lack of experience or credibility to have an opinion on something such as the equity markets..You constantly feel free to post how the equity markets will crumble to 1000 yet you dont have the know how to short equities..Its a waste of everyones time here..I have asked you countless times now if you are so sure that this economy will end as you say as all Ponzi schemes do surely you would want to profit from it to add more ammo and canned goods to your fallout shelter..Your posting opinions on the equity markets is equivalent to me giving out lessons on landlording and cleaning toilets like you have areas of expertise in..You have no qualifications nor is your education based on Economics or business..Yet you feel free to spew your opinions freely on the matters of this economy and equity markets..You are ill informed and do not put your money where your mouth is yet you know so much..You are a backseat driver is all you are..Your area of expertise is being a landlord,thats where your qualifications stop..And you comment on me saying something that I have based my lifes work in yet when others form opinions on subjects that YOU know they have no experience in you allow to go on..Its ok..I will take the other side of every ridiculous ill informed comment you post from now on..

[propertymanager]

What I did comment on was your lack of experience or credibility to have an opinion on something such as the equity markets..

OK, then please post the minimum requirements that the peasants should meet in order to be able to post.

Since you claim that I don't know anything about the equity markets or apparently anything else (except cleaning toilets), why don't you actually counter the things I post instead of continuing with the ridiculous personal attacks.

You are ill informed and do not put your money where your mouth is yet you know so much..

Ill informed about what?  As I've already posted over and over and explained in great detail, I do have my money where my mouth is.  Furthermore, it doesn't take anything more than common sense to see what's going on and I've got plenty of common sense.

[rookieNYC]

You dont give respect so Im just reciprocating...And I hardly call buying canned goods and ammo putting your money where your mouth is...You think the equity markets will crumble yet you arent long any puts or short any stocks...You just said this the other day but being that the markets tanked today would you like to trade the day after the markets are closed and divulge how you are short massive size???..

And your peasant comment is BS and you know it..Just discuss your area of expertise..I always commended you for teaching others your trade..LANDLORDING..The equity markets for you is a guessing game..So spare me the peasant comments..You dont bring out sympathy in me.

[propertymanager]

You think the equity markets will crumble yet you arent long any puts or short any stocks...You just said this the other day but being that the markets tanked today would you like to trade the day after the markets are closed and divulge how you are short massive size???..

No, I'm not a day trader and have no way of knowing which way the government will drive the market on any particular day (BO doesn't call me on a daily basis).  In fact, I believe that all the normal market forces are largely irrelevant since the government is now running the show.  I do believe that the economy will collapse, but I can't tell you exactly when.  It should have collapsed last year, but the government's unfettered printing of funny money artificially held it up.  Now, the United States can't even sell the debt it needs to stay afloat and is basically buying it's own debt in the biggest ponzi-sheme of all time (or as Bill Gross says "a ponzi-style economy").  As I said in an earlier post, I'd be suprised if it collapses this year because the government will do EVERYTHING it can to prevent that.  They won't be successful, but they must exhaust every facet of their ponzi scheme before it falls apart.

My stock market money is all in cash and I'm not touching it until I have a firm belief as to the direction and TIMING of the market.  If some of the big Wall Street fund managers would have done that in the past, they would be WAY AHEAD of where they are now.
 

[rookieNYC]

Ok Mike lets put our personal spat aside for now...Let me ask you this and Im serious and not being condescending at all..Honestly...After viewing what our govt did to instill stability after our near collapse what makes you think they wouldnt do it again..As you know there is more interest in prosperity than a collapse..And that goes for everyone from the Union Carpenters to the Hedge Fund managers...It benefits no one to have our economy collapse..So my question is what makes you think that the Fed and all the money managers and sovereign wealth funds around the world would allow this to play out..I say this once again Im NOT TRYING to sound condescending...

[propertymanager]

After viewing what our govt did to instill stability after our near collapse what makes you think they wouldnt do it again..As you know there is more interest in prosperity than a collapse..And that goes for everyone from the Union Carpenters to the Hedge Fund managers...It benefits no one to have our economy collapse..So my question is what makes you think that the Fed and all the money managers and sovereign wealth funds around the world would allow this to play out..

As I said in my last post, they WILL do EVERYTHING they can to prevent a collapse.  That's why I said that I don't agree with Celente that the collapse will occur in 2010.  I just don't think it can happen that soon.  My guess is that the total collapse will occur in 2011 or 2012. 

No-one is going to allow this collapse to play out.  They won't have a choice.  Our debt is so great and our unfunded liabilities even bigger that we've spent ourselves into insolvency.  Medicare is broke.  Social Security is broke.  Medicaid is broke.  Many states are broke.  If the no-too-big-to-fail banks continue to fail at the same rate as 2009, the FDIC will be broke in 2010.  The auto industry (except Ford) is broke (and Ford got handouts through cash for clunkers).  Fannie and Freddie are broke.  The big banks are insolvent in any REAL terms - they're simply being propped up by FREE MONEY from the government and then a guaranteed return by the government.  The USA can no longer sell all enough debt to stay afloat, so we're buying it ourselves with money created out of thin air (kind of a giant check-kiting scheme).  The entire economy is a PONZI Scheme (as Bill Gross said).   Unemployment is at 22% if you include underemployed and those that are no longer looking (much higher if you include the tens of millions of deadbeats).  I could go on and on, but that's a start.  The government is not going to allow the economy to fail, it's going to fail despite their best efforts to prevent it.