Premier Rock Forum

Rick Reuben wrote:

eephour wrote:so whats going to be the end result of all this? breadlines?

Impossible to tell. That's what makes it so exciting. In two days, we enter what is supposed to be the final year of the most lawless, sadistic and destructive administration in this country's history- and, to increase the suspense, the economy is on bald tires and receiving emergency transfusions of liquidity almost daily, in an effort to control problems caused by excessive credit in the first place. Very exciting.

If this was a movie, you would expect the whole thing to end in a shootout worthy of Sam Peckinpaugh.

Rick Reuben wrote:

Big John wrote:I can hear the sound of a thousand plungers today. Greenspan style corporate stock buy back. You will not fall if you don't look down.

This shit is so funny. The elites flooded the Monday newscasts with stockmarket doom news, and of course, they already knew the Fed was going to cut because they *are* the Fed. But the small investors panicked like you said out of the gate this morning and gave the big boys nice prices on blue chips. I bet that immediate 400+ point drop this morning was generated by small investors selling to institutionals.

The elites gobbled up the sell orders of the small investors and then stabilized the Dow by pumping money into futures. Now, everyone who sold first thing this am is looking at the shares they used to own back up 2-3% over what they sold at. They'll probably buy the shares right back at the new higher price. Nice profit mechanism that the elites and their media pals have cooked up.

Either way, Bernanke drove another stake into the dollar. Dollar index down 3.5% last time I checked.

Here's something I read on a different board:

paladin wrote:I can tell you right now that the majority of Americans do not understand the stock market, or the economy. They work for a living and pay their bills, with their free time they watch TV, play video games, go shopping, talk on their cell phone and think their lives are the most important thing in the world going on at that moment. They do not understand nor care about the world we live in as long as they can sip on their Starbucks, and watch TV. Reading books, newspapers, or studying to better themselves is Taboo and considered stupid and a waste of time. The elite have programed our society to work this way and boy are they profiting from it.

A lot of bargain gold out there this morning, too, but now gold is soaring again.

Street.com walks the tightrope between selling fear and selling reassurance

Can't get enough of Brittany Umar and Farnoosh Turabi at street.com

Maybe this will breath new life into the Ron Paul campaign, but since that would require voters to recognize that the Fed's reckless credit policies are to blame, I won't hold my breath.