| Archive for http://rorap.net The Roanoke Valley's Most Reliable Forum |
| THE CURE |
The Dow is going to break 10000 this week.I'm betting the Dow is going to break the 10k mark this week as President Obama leads us on the road to economic recovery. Any takers? |
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| Carcin |
In other news, the U.S. dollar will come closer and closer to being toilet paper in the rest of the world as 'Obama leads us on the road to economic recovery'. | ||||
| Nighthawk |
Yes, please remember that the Nobel Prize was for Peace, not Economics. | ||||
| Outsider |
Don't expect any takers from the right Cure. They all have their money under the mattress hoping the market and the economy will go down under Obama. Most of them probably already missed the up-turn in the Dow since March and will miss the recovery going forward. 
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| flyupsidedown |
Actually I'm going to cautiously ride the stimulus wave, foolish I know, you never try to time the market, then I'll get out of US dollars as fast as I can and hold australian, euros, yen or something. As you may recall Peter Schiff's prediction was that the dow could possibly go to 10,000 and that the dollar would strengthen temporarily. This is the result of stimulus dollars, sort of like cash for clunkers, it won't last. They are all fiat currencies and subject to collapse but some are definitely stronger than others. The dollar dropped .41 % against the leading twenty world currencies. That is almost 1/2 % in one day. Any wonder why gold and silver are appreciating?
http://www.fxstreet.com/rates-charts/usdollar-index/ Remember the dollar is being inflated tremendously. Don't be too sucked in. Our dearly beloved G20 are discussing dumping the US dollar as a reserve currency and replacing it with a 'world' currency and when they do we'll have multiplied billions coming home. That spells grave concern, worth taking off your happy face mask long enough to see what's coming anyway. I think, anyway. |
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| THE CURE |
Thanks chicken little. | ||||
| flyupsidedown |
Well, the sky is falling you know.
Peter Schiff recommended many months ago gold, silver, mining, commodities . . . so I thought I would test his recommendations. gold mining (not even a real good one) up 59.92% silver mining (not even a real good one) just acquired a month ago, up 19.62% and it is just getting started commodities up 47.27% and 45.42% Hahahahah . . . I sound like one of those guys trying to sell subscriptions to their investment guide or newsletter. Not bragging, not rich either just an average 'joe' trying to invest wisely. Peter Schiff proved true enough in the short term we'll see about the days ahead. |
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| Outsider |
Sounds like you and Peter are doing good. Now, all you have to do is do the market timing thing and buy and sell at the right time going forward into the future. If you and Peter can do that and end up beating inflation, you will probably be better off than 95% of all other "market timers" out there. Good luck!! |
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| coastie |
http://www.nypost.com/p/news/busi...=65E301CF47ED50D15170F8D6530791C5
the euro and the yen are the preferred reserve currencies now. |
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| lemontrail |
Re: The Dow is going to break 10000 this week.
The recession is nowhere near over, nor are we on the road to recevery. The actions of Wall Street, or the direction of a financial index are fairly meaningless. At present they are being used to gloss over reality. Recovery and an end to recession will not begin until the real unemployment rate, which last I heard was 16% nationally and as much as 20% in some states, drops below 5%. Whether the financial indices turn positive or negative, there is no recovery and end to recession until people start returning to prosperity. |
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| doomster |
I don't think we'll ever be back to the norm, especially with employment. With the way industry and business has gone with operating on limited help and shoe-string budgets I think you will see some of the downsized places of employment remain to operate like this for a long time. Less payroll, less headaches, and more of a profit for small business, they are learning to deal with it.... | ||||
| coastie |
If you were a businessman, you'd sit tight. With everything the administration has planned, you'd just have to wait and see what the tax implications are for your business.
Healthcare - depending on which measures are in the final bill - employers may have to either provide health insurance or pay a big penalty for not providing it. Cap and trade - how is that going to impact the business' bottom line. There's no incentive at all for any business to do anything right now other than watch, wait and see what happens. |
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| Carcin |
You really missed the boat on me. My portfolio was converted to money market two years ago, and was converted back into a semi balanced portfolio at 7600. This equals ZERO LOSS for dow, and making money on the way back up. I dont hope Obama is going to tank the U.S. economy, but I am CERTAIN he is going to do far more harm than good. |
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| doomster |
He is on live TV in Fairfax VA telling lies right now....LMAO! | ||||
| THE CURE |
As Yul Brenner said: "So shall it be written. So shall it be done." | ||||
| coastie |
believe that was "so it shall be written, so it shall be done." | ||||
| THE CURE |
Actually it's "so let it be written, so let it be done" at least in the movie. I like shall better. | ||||
| coastie |
another progressive friendly link here.
http://www.dailykos.com/story/2006/1/2/9350/42176
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| coastie |
I've found it about 4 different ways...
so shall it so it shall let it ... all supposedly attributed to the bald man Yul. |
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| Outsider |
carcin wrote:
Two years and a right decision is not long term investing. Good luck in your market timing going forward anyway. 
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| flyupsidedown |
carcin:
You were smart to move your money out when you did but you've still lost purchasing power because of the the US dollar dropping. If you invest back in the US market it may be you will have ducked the first bullet only to catch the second, this time through the heart. China's economy is slated to grow at 9.4% and it is much healthier than ours right now. You might look to get out of the US market/US dollars until substantial dollar stability returns. Europacific or another international broker could safely and profitably stash it somewhere without the US dollar/market instability. outsider:
I'm not really timing the market. I've hedged against a falling dollar and market instability, sort of. What I've bought will grow as the US market gets worse. I hate to say it but the worser the better. My mistake was purchasing on the US market. Now I hold USD assets, but I don't want to get out now as they take off. Yesterday's gold mining 49.92% is today's 65.53%. But what good will it do me if the bottom drops out of the dollar? My timing relates to the dollars plunge. I will hold til just before the USD becomes worthless, hopefully, and entrust it with europac's China Fund probably. It's a gamble timing the dollar but much worse timing the market especially now. |
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| flyupsidedown |
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| flyupsidedown |
Charting the Obama Destruction
Russia and Iran Now OFFICIALLY Talking of Dumping Dollar for International Trade Washington’s Blog Sunday, Oct 18th, 2009 After the Independent reported that Middle Eastern oil producers, plus China, Japan and France have all agreed to start trading oil using a basket of currencies – instead of the dollar – starting in 9 years, spokesmen for those governments denied it. The Independent’s reporter explained why the governments were denying the rumor. But now the governments themselves are starting to admit that they are switching out of the dollar. For example, Russian Prime Minister Vladimir Putin said Wednesday that Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings. As Russia’s newspaper RIA Novosti writes: Russia is ready to consider using the Russian and Chinese national currencies instead of the dollar in bilateral oil and gas dealings, Prime Minister Vladimir Putin said on Wednesday. The premier, currently on a visit to Beijing, said a final decision on the issue can only be made after a thorough expert analysis. “Yesterday, energy companies, in particular Gazprom, raised the question of using the national currency. We are ready to examine the possibility of selling energy resources for rubles, but our Chinese partners need rubles for that. We are also ready to sell for yuans,” Putin said. |
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