Bankers are trying to take as much money as possible while in Power.
I promise you VNQ will go down 80%.
Feels wonderful being out. Last thing I need is a $3000/ month dividend and then lose 80% stock price.
More money going into the market.
Problem is, the wolves know this and will wait for a nice rally and then go for the kill.
I expect the dow to get near 14,000 and then close it under 10,000.
By the end of the year 5 year Cd's will be 1.00 and zero for the liquid stuff.
This is exactly what happened to Japan. 80% haircut coming.
10 years from now there will be 1/3 more people over 60, they'll be withdrawing hand over fist. Not to retire happy, but to help the kids not working and just to get by comfortably.
Fun to play anyways.
Buy when it looks like death.
Put a sell limit in .40 higher when you go to your fridge and get it. Insanity.
As long as Cramer or cnbc DONT talk about it. Money to be made.
Ask yourself one question.
Will there be trillions of redemptions in the stock market the next 3 years? There is no job creation, people are in the Low or NO tax bracket, the 10% early penalty is a gift. 401k money will be drained at record levels.
There's a country called japan, back a few decades ago a man named Bernanke, yes the same criminal we have here now, gave advice to japan, the nikkei was at 40,000. He told them to lower interest rates to ZERO. Decades later it's still Zero and their market went from 40,000 to now 8000. Expect a 80% haircut in the dow.
***Your subject fed guarantees low rates til 2014.... try 2030. Imagine having a dividend stock in the nikkei when it was 40,000! CAPITAL PRESERVATION TIME, IF YOU NEED 5% THAT BAD, YOU DIDNT SAVE ENOUGH.
They cant give houses away.
Zero savings rates, no job creation, until 2014 means, 401k's drained and trillions leaving the stock market.
This should've happened a few yrs ago but unrealistic stimulus delayed it. Now we get to reap the reward---Depression.
Contango my friend, Contango, your in a hornets nest, get out.
Read up on the nikkei, a little while back, it was at 40,000 now 8000. They went to Zero interest rates, a guy named Bernanke, yes he gave his expertise over there also, this market is going to go down 80% and stay for decades.
Learn it and never buy these ripoff's ever again.
4 years ago I bought USO, nobody said anything about contango, funny how you lose money and then learn a new word. Imagine someone, like a cramer warning way in advance of something so fraudalant as this disaster. That would only happen in a fantasy world.
If it goes down, where are you getting out, and maybe back in?
You know our economy isn't coming back, for a couple decades.
Nothing WORKS forever, first signs it wont is when People stop Working.
The Outflow of money the next 4 years will take the dow under 4000. People need money, if you don't have millions your going to drain savings.
Maybe if they threw 500 bankers in jail and seized their assets, It would be a different story, but America and the World have big problems.
One thing's for sure, this thing isn't going to end good. Be glad your old and enjoyed the 60's 70's, the kids today are hosed and with their bad attitude, I don't care. Let them play with their communication devices, living at home doing nothing while the govt pays them enough to eat and go to Vegas once a year.
These etf's are toxic.. I learned 8 years ago what contango was on USO.
Wall street purposely has it theres no good way to buy a natural gas etf.
The problem is, you know the big banana's coming and you have no idea were to get out. If you think the market will keep coming back your clueless.
Learn that getting some yield in stocks is a suckers play. You know VNQ will be a $12 stock soon. They all lose 80%, this time it wont come back. I know many in the nikkei at 40,000 its now 8300. They have 0 interest rates. You never thought the US would be at zero either. When the event happens, you wont get out.
Your mistake was you didn't SAVE enough money. You should be in Capital Preservation mode. If the dollar is almost worthless, why don't you have more of them? When somethings almost worthless people have a lot of it. Not the case here.
4 years from most people wont have any.
The high paying jobs just aren't here. It is govt assistance and depression for many. Plan Accordingly.
Remember what happened on the rumour in 2008?
Only reason anythings well is the printing press. Cant go on forever.
if it wasnt for 99wk unemployment, house flippers not having to pay mtgs, and printing press, we would be in depression.
What you think will happen?
2012 the banks probably will be nationalized.
You probably bought 10,000 shares. Worked a few years ago when it went from 5-24.
Things are worse now but you never know.
6 in 60.
Lose 60,000 in an hr.
cnbc-criminal national broadcasting company.
I cant wait in 2012 when they get the CURBS back on and tell everyone to get out when the dow's at 4000.
Cramer will say he didnt see it coming.
If your gay for just one day drunk can you make believe it didnt happen?
are u still gay?
magic johnson gave it a 1 day trial.