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Intel Corporation Message Board

  • amdroaddkill2010 amdroaddkill2010 May 23, 2012 1:06 PM Flag

    A WallStreet Coup.

    The 1% are crashing the economy using stocks, gold and commodities.
    Gold is down huge along with the markets.

    .Dow
    12,334.83
    -167.98
    -1.34%
    S&P 500
    1,299.30
    -17.33
    -1.32%

    Nasdaq
    2,803.46
    -35.62
    -1.25%

    Oil
    90.059998
    -1.79
    -1.95%

    10-Year Bond
    1.717
    -0.074
    -4.24%

    30-Year Bond
    2.797
    -0.094
    -3.28%

    Gold
    1,536.60
    -40.00
    -2.54%

    According to a shocking U.S. government report, interest on the national debt and mandatory spending on entitlement programs will absorb approximately 92 cents of every dollar of federal revenue by the year 2019.

    Approximately one out of every four dollars that the U.S. government borrows goes to pay the interest on the national debt.

    According to a recent note from the sage of Dallas based Hayman Capital, highly respected Kyle Bass, a move back to 5% (2006 levels) in short term interest rates will increase annual U.S. interest expense by almost $700 billion annually. This is against current U.S. government tax revenues of $2.228 trillion (CBO FY 2011 forecast).




    World markets are ALL down.

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    • "The 1% are crashing the economy"

      Yes, roadkill - there was a halocaust.

      1929 dejavu. Cowboys & Indians - German style.

    • BUT--Oil is crashing too and that will of course bring down gas prices here before the election.

      Gas at 2.00 dollars a gallon is good for the President.

      He gets the blame now but the credit should gas go lower. of course it is dumb luck but people are stupid.

      • 1 Reply to hector_cornholed_amders
      • oil has been going down for one primary reason, it's priced in Usdollars.

        FWIW, the lows of the day for the DIA, and the SPY, pretty much matched the lows of last Friday. UUP daily chart shows a higher high, but a lower rsi, ditto the EUO (dbl short the euro), short term bullish for equities, notably gold stocks, some of which yield far more than INTC, ie GFI.

        as evident on Monday for the QQQ, late today on the DIA, SPY, QQQ, oversold rallies can be quick and rewarding, but there is now resistance on the upside, SPY 1340, so until that level is taken out with positive technicals, rising rsi.rising macd, rallies should be viewed with skepticism.

 
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