The markets have been doing a lot of funny things lately. Like the guy who brings this up says " look at the 10th and 28th of October.
I just don’t know what to believe anymore.
Well, I am pretty trenched in the markets, and I can tel you this. Based on my research and events, no way should we be gaining or at the point we are right now. We should be about 1000 or more points negative, but we are not. Kinda makes you wonder what the MM’s and remaining hedge funds, not to mention the government as well is possibly doing. And what about the shorts? This is like blood in the water time for these sharks.
I’m thinking of getting out of the market entirely. Any advise?
Well, considering I have done like 10 3 baggers or more in the last 2 months, I am not going anywhere. Maybe you should talk to the Gold and Silver crowd if you are looking for added security. Plenty of them on here.
Thanks. It seems that gold/silver is hard to come by and the premiums are very expensive. My portfolio is for long term but I am beginning to think that it may be worth nothing very soon. I really don’t know what to do
Are you saying long term as in Blue chips or Fortune 500? Because if you have that kind of portfolio, pain is coming.
Yes, Index funds with a lot of financials and blue chips. Not good! SOS
Dude, are you suicidal yet? Financials? You got balls.
The premium paid for gold in hand is low. Everything else is just a promise. The paper world is where the fraud is occurring. The PPT has been successful in holding back the physical gold price through paper gold fraud. So buying gold now is not paying a high premium. If you wait until the fraud has run its course you will never get a gram of gold let alone an ounce. 20% of wealth now in gold will serve you well in what is coming,.even 1% may mean keeping your home or not.
Well my belief is we have not come to that point yet or it’s even close My plan is to make the money and get out. We got a good window of 6-12 months easy before the market crashes hard. Lot’s of opportunities in the market. Strange opportunities mind you, but they exist.
Report: MTA To Slash Jobs, Multiple Subway Lines
Budget Deficit Means 1,500 Jobs On The Line; At Least 2 Train Routes Could Be Completely Removed
Fare Hikes For Passengers Could Be 'Whopping'
![](http://llnw.image.cbslocal.com/29/2007/09/12/75x56/dow.jpg)
Gold is insurance against a paper world collapse. I agree we may have a few months to play other games but at my age a year is here and gone. I traded daily from 2002 to 2006. Holding from seconds to days. I would trade now except for me it requires obsessive focus. I am not a multi task-er so unless I live and breath trading I don’t believe I could compete against more capable traders. I did very well trading but when my sleep dreams became trading moves I stopped. Life is so much more. I do miss it but now my life is much richer and my loved ones are not neglected.
Although we may have months these are unprecedented times. A bank holiday or many other hundreds of catastrophic scenarios are possible maybe even probable under the circumstances. An overnight event wiping out any reaction is always a possibility. Therefor I recommend if one is playing the markets or not buy insurance. 20% or so gold and silver in hand is fiscal prudence not a speculative play.
Besides I want to be there for my family, my friends and my community by preparing for an inevitable collapse. Unfortunately most people are clueless to what is coming and consequently I need all the more to have laid up provision and when they finally wise up, informed leadership. From what I read I believe those who are here at the Chris’s Crash Course site have basically the same hearts desire and I am proud to be in your company.
Unlike the Federal Government, State Governments does not have a Central Bank so their finances actually reflect reality, warts and all.
If Medicare, Medicaid and Social Security were funded by state taxes, they would be reformed or axed.
FYI:
http://www.backyardchickens.com/LC-skunk.html
Skunks will go after poultry and eggs or anything that that can grab. skunky McGee was just doing what all skunks do and probably wasn’t rabid.
i am not in the market so thios is just second hand .
martin weiss is touting inverse etf’s
if you go to money and markets you can find all th einfo there
he is predicting a massive selloff in this week and next.
possible returns of over 100% on inverse etf’s short term
i have a friend who dipped in so i will let youknow how he does
but they are saying the window may be closed.
mpelchat, thanks for brainstorming on what scenarios you’re thinking about preparing for, and how. It helped me see how to approach the planning process more methodically. Krogoth, thanks for sharing your experiences preparing for natural disasters too. Good stuff!
krogoth,
Just got off the phone with my "Financial Advisor" and told me to stay put and thinks the bottom is near and thinks that this is just a huge emotional sell off of the markets. I argued about the "phony economy" and the topics that are being discussed here and he thought that this is typical of the markets and a bounce back will happen (couldn’t tell me when) I was getting pretty upset to find out how much he doesn’t know about the economy and he is making decisions with my money. I’m F*&#KED!
Yo Castle -
I got the same line - to the tune of just about the whole ball of wax disappearing! Get your money away from this tool and start taking control. I did it, and you can too. There’s just too many opportunities out there right now for you to monopolize on. Start learning!
Some quotes from 9/11:
"If we all join hands and go buy a new SUV, everything will be all right," Bob McTeer,Dallas Fed governor
"What we dearly want is for Americans to spend like Americans – to do the patriotic thing and go out and spend," Bill McDonough, head of the New York Fed, October '01.