apparently this entire market simply hinges on the whims of Washington's speeches on the fiscal cliff ..... yesterday it was "end of the world" and today it's "aw shucks just kiddin" ...... ALL of this , based simply on fiscal cliff comments ...... totally insane .....
Well I'll tell you, this, SDR and a couple other NG trusts are the only things I'm even considering buying... I have NO other stocks, just cash... wanna know why?
The US is toast... go back and see old Ross Perot "YOUTUBE" about the "giant sucking sound"... well it's happend, the US can't compete with millions of workers in asia willing to work for $2 a day, period.
Until the govt puts tarrifs on countries that pollute and employ slave labour you can forget about major jobs recovery here. Neither party seems to get it.
Dave - I hear you , 100% agreed ..... However , America could compete if it wanted to .... here's a basic flaw in American business - NIKE cannot pay American workers 10.00 an hour to make shoes , but they can pay LeBron James , Michael Jordan , and Tiger Woods , EACH , 20 or 30 million a year to wear 'em ...... America spends way too much on Madison Avenue , and not nearly enough on the workers that actually produce the product ..... I will add though , SOME workers (unions) get way too many "benefits" ..... we cannot continue to pay people NOT to work ..... I'm self-employed , I don't make a dime unless I am actully "producing" ..... THAT is another flaw in our philosophy ...... we pay too much to the wrong people (Tom comes to mind) , and we pay too many people NOT to work ...... Another "flaw" in our system is Pork , Fraud , and Waste ....... ONE DOCTOR near Dallas , stole 200 million dollars from medicare through fraud ...... ONE DOCTOR ....... 50% of our tax dollars are squandered on #$%$ like that
hey div, this whole market is rigged, they brought it down to 1385 after the housing reports, then in a planned controlled manipulated way, CNBC, comes on TV, to say hey, congress says all ok then wammo, the S&P pops, these crooks on wall st. know ahead of time what cnbc and bloomies will say, the retail guys is along for the ride. again, this crap is all scripted, don't ever forget it! jmo and g/l.
this is what happens in a low trading enviroment when 60% of all the trades are from HFT's . hey if you get the inside dope, you can make $$$$$$$$$$$$$$$$$$$ in this market, retail guys, where the outisre guys, jmo and g/l.