Forum: HoseHeads Sprint Car General Forum (go)
Moderators: dirtonly  /  dmantx  /  hosehead

Dow: 6500 or BUST!

 
 
 
They don't even know how to spell sprint car 
much less chromoly...http://www.ycmco.com

If Citigroup and General Motors go under, I think the ripple throughout the entire economy will take the Dow well below 6,500. Hell, the Dow is only at 7,500 now. If I had lost several hundred thousand dollars from a 401K like some people have in the past two months, I would probably lie awake every night. A year ago, I thought I had a decent amount of money stashed away for someone 35 years old.. I don't feel that way anymore.

http://www.youtube.com/watch?v=2I0QN-FYkpw

A word of warning from Ron Paul's economic advisor. All the experts were telling us that we were fine and this is the only guy that was telling us the truth and everyone chose to laugh at him or ignore him.

...

It is my humble opinion that a down market is the time to invest if you can afford to. You get more bang for your buck and you decrease your average investment cost per share on your overall portfolio. Incidentally, Sturm Ruger ( ticker rgr ) is the only publicly traded US firearms manufacturer as far as I know... if you like those kinds of things. :)

Dean

I don't think buying stock in a gun maker would be a great idea with the administration that is coming in. If he gets his way he will outlaw all the guns we have now, including guns used for hunting. And if he can't get rid of them, he will make the tax on them and the ammo so high the common man that uses them in the field won't be able to afford it anyway. But the criminals will still have them and have no problem getting what they need.

its too late to buy stock in anything...that is why the market will continue to fall.

pulling out money to safeguard it from the "SPREAD THE WEALTH AROUND MESSIAH".

can it get any more hilarious than the BIG THREE crawling to the altar of LIBERALISM for a HAND OUT?

get ready for your haircuts union skunks...the great Obama is poised to make his BIG DEBUT of CHANGE!

Lincoln 1845 ft/.35 mile T1=118MPH 
Eldora 2287 ft/.43mile T3=135MPH
Port 2716 ft/.51 mile T3=TBD
Grove 2792 ft/.53 mile T3=135MPH
Selinsgrove 2847 ft/.54 mile T1=136MPH
"I didn't move to PA from El Paso in search of better 
weather." Van May

then at 2.5 cents a share, WRGI stock must be quite a steal!

read their 10-Q Quarterly... the only thing missing is "Once upon a time.... and they all lived happily ever after"

"As long as I can have a fast boat, a margarita 
machine and can light my hair on fire, I'll be just 
fine."

Jason Giambi

Nice vid. I wonder where Schiff is calling a bottom?

 
 
 
They don't even know how to spell sprint car 
much less chromoly...http://www.ycmco.com

I don't think it's too late buy stock in anything. I don't think it's late enough. There will be even better buys in a couple months. Some analysts out there see a Dow of 5,000-6,000 by the end of the year. At that point, I think there will be some tremendous values just by putting money in companies that pay a reliable dividend and aren't in huge debt. There is stuff out there now that seems to be very undervalued.

The Schiff video is pretty amazing. Wonder how those other analysts who were laughing and scoffing at him during those shows feel like now? I have a chunk of equity from the sale of my house in March that I still have not invested and I'm glad as hell. Hopefully my "guy" can give me a good entry point to stick that money in my mutuals. Guess we'll have to wait and see where this bottoms out.

I have no idea about that. I'll search around when I have the chance and see if I can find some more recent stuff from him.

I do know what I 'd like to see, though. All those so called experts that were raggin' on him in a live interview kissin' his ass and admitting that they were wrong. It'll never happen but it would be priceless none the less.

This is just more proof that the american people need to wake up and select a candidate that's not feeding them a line of shit and trying to win an american idle contest. Hopefully Paul is still interested in the presidency in four years and everyone has done their homework. I highly doubt it but one can always hope.

...

http://www.youtube.com/watch?v=D_FbPCN5EA0&feature=related

A new clip from two days ago. This may answer some of your questions cubic.

...

I have no idea whats going to happen to them. My only concrete opinion on any of this is that the bailout is only going to serve to encourage more piss poor behaviour by big business in the future. We've already seen signs of that happening with AIG sending their executives to resorts and paying for christmas bonuses with bailout money. Then, the CEO of GM took his private jet to washington to beg for bailout funds.

The definition of the free market needs to be redefined. You are free to pursue your dreams and become wealthy and awarded for your efforts. You should also be free to fail if you make piss poor decisions. The american people are being punished twice for the failings of the power brokers in this country. First, we lose our jobs, savings and 401k's because of their failure, then we will be stuck paying off a larger debt for generations to give these undeserving cretons a hand out.

...

today might be the day

More weight, more regulation, more similarity in the 
cars.... that will ensure plenty of thrills for years 
to come.  Only the most average talent behind the 
wheel will be needed with such awesome equipment on 
the track!
minthess 8.28.14

BINGO, why some of these people are not in jail or at least charged in some way is a joke. Part of Capitalism is the high posibilty of failure, but the powers to be feel that part needs to be removed. I know there are alot of people that don't like Wal Mart but if every company in this country was run the way Wal Mart is most of this BS would never be.

Grady

. 

The only thing giving any money to any of these companies is going to do is prolong the inevitable. And cost us more in higher taxes with interest paid back to foreign countries

So here is a ? for all of you pro-american consumer and nothing else folks:

Do you really want to give more of your tax money to a company/companies who asseble a product in the U.S. made from less than 40% demostic content?

For the record, I think the Dow will hit 4500. We are in unprecidented times. The world is spiraling out of control. Like I said last fall, Obama nor anyone else can do anything to stop it. There efforts should be spent trying to light the proverbial rocket up the ass sending it on its way as fast as they can. There can be no recovery until the bottom is reached.

Its like the kid holding his finger in the dike. The entire dam is crumbling but by holding his finger in there he can get all of his friends within earshot out of danger before then entire thing collapses. The mess gets washed away and a lot of good people with it. Unfortunately, those left to rebuild are the same that scurried away with narry a word.

If you did not move all of your 401k and 457 to safer havens last fall before the elections there is no point in moving it now. If you did I would not be moving it back until around this time next year.

All that being said, I am not an economist but the economist seem to be doing no better than me right now. I did however stay at a holiday inn express a couple weeks ago.

The Dow will settle around 5,000 maybe the high 4,s.. Unemployment will probably hit 15%.. It will be about 10 years or more before all this gets back to normal.. If your near retirement and were depending on the stock market for your retirement your screwed.. Don't blame one party for this mess, both get the blame starting with Regan in the 1980's for letting certain mergers take place, GWB and the savings and loan debacle.. Bill Clinton for signing the deregulation bill that Texas Republican Senator Phil Gramm sold congress and the trade agreements our politicans sold us that Clinton signed. Then we had 8 years of young Bush who spent four of those years on vacation sometimes with his Enron buddies.. GW's great SEC head man Cox who did nothing but look the other way while all the robbers were at work. You can also put Greenspan in that bunch also, his 1% interest rates (cheap money) pretty much started the whole housing situation that is taking place now and the fall of the dollar.. The jury is still out on Bernake but does anyone think he knows how to put out the fire, we also had bail 'em' out Paulson who was the fox guarding the hen house..

I think Obama has been doing a pretty good job of searching out long term hope where he can find it. He is going after healthcare which has been leeching the American economy for decades. He is also priming alternative energy to get us off the Middle East tit, to try to keep trillions more American dollars at home. Both will bolster the United States economy for the rest of our lives.

He has also increased unemployment benefits for people that have lost their jobs during this turmoil to see them through, and he is trying to do what he can for homeowners without helping those who don't deserve it in turn pissing the rest of the country off. He's basically trying to help out the middle class as much as possible. Likewise he is going after the upper 1% who have been paying a 15% tax rate the last eight years and who are mostly responsible for this mess, he's going after the old boys club, even UBS to give up 47,000 illegal Swiss bank accounts. It also seems there is a big push for the military to finally get bin Laden.

Banks are ground zero. Financial CDOs and Derivatives are dragging the entire financial system down and Wall St has bankrupted the rest of the world with it. The dollar however has actually been rising because we managed to offload so much of it to everyone else, which is a high point I guess? Private investors want to scoop up these toxic assets for 20 cents on the dollar, the banks however need something more equitable to remain solvent. No one knows what they're really worth, it will take time to unravel it because they are so complicated, that is the main problem right now. Common sense tells you that a 10% default rate and properties themselves still being worth AT LEAST 70% of previous values, that 20 cents on the dollar isn't fair value. The banks are pushing for mark to market accounting to be repealed temporarily until things can be sorted out. Something has to give shortly as the markets are imploding, and after something is done, they will begin a long road to recovery.

Wall St has a tainted reputation forever, but the DOW should be around 9,500-10,000 (1999-2000 levels) for good by the fall. Many stocks of solid companies that have nothing to do with the financial system are trading at market caps of half of what they are really worth in many cases. The economy has been falsely propped up 10-15% by home equity for over five years however, so kiss the last couple of years of DOW highs goodbye for years to come as well. Unemployment is forecasted to peak at about 10% by Christmas and home values will also continue to fall until then, 2010 will probably be pretty flat, and 2011 will start to bring better days.

 
 
 
They don't even know how to spell sprint car 
much less chromoly...http://www.ycmco.com