The Federal Reserve plays a major role in every bubble and is mostly responsible for this one.
You are wrong Pud. We are not even close to collapsing. Changes will have to be made but you're way too doomsdayish.
You are right about the last part and it's why I no longer believe in democracy. Those people are expendable though and you would see how expendable they are if it ever came down to it.
The bull is ending. Some of us see it... some of it don't. Others have seen it and acted on it for years and are down significantly.
Once again the media tried to pass their liberal agenda by assuming hispanics supported illegal immigrations. Even a majority of democrats are against Barry's plan.
It won't happen but I'm just throwing it out there as something that has happened in the past. There are a lot of entitlements and parts of govt that can be cut.
I agree and we are slowly getting there. Once Barry is gone, it will be much easier to get the deficit to zero or maybe positive. There are a lot of things that can be cut to make a difference quit.
The worst case scenario would be nearly a 100% tax rate that the commies want after a certain level of income. It was done in the 30s/40s and would wipe out the total debt in no time. The bears that think the whole system will crash are ridiculous. We are no where close to that level. Still, changes obviously have to be made in order to stabilize the financial system.
A $600B deficit or whatever Barry is spending now is a lot less than the $1.6T deficit he wasted just a few years ago. Hopefully that number continues to go down and be serviceable. The country's total debt never needs to go to zero despite what idiots like Pud think.
You're an idiot. If we balance our budget, they certainly can and will raise rates. Most of the debt out there is locked into low interest rates moron.
You could be right about October. I said a month and a half ago that this is a good chop level to distribute shares since a lot of people will go long because 2000 "is a lock". They had a decent correction but that mentality is back. Similarly, if we break 2000 now, people will think they CAN go long because that barrier is gone.
Market was very oversold a few weeks ago. I was neutral at the 50 DMA and have converted to bearish here.
Zero chance moron. The best candidate the dems could come up with was... the former GOP governor. What a bunch of losers.
Any break over 200 will last less than a week. The market could turn around at any time now.