by dinopello » Wed 21 Oct 2009, 08:48:01
$this->bbcode_second_pass_quote('Forney2008', '')$this->bbcode_second_pass_quote('dinopello', '')$this->bbcode_second_pass_quote('deMolay', 'T')his could catch on.
http://market-ticker.org/ I also find it funny that his site there has the "ticker" at the top that seems to be a screen shot or image of the stock market ticker and Apple (AAPL) is at 20.53. Apple stock was at 20.53 back in late 2004 and just broke through
200 today . For someone who preaches market crashes like I think he does, he should find a few dog stocks to put up there. I am painfully aware of AAPL since my co-worker jabs me every chance he gets because I advised him to sell his AAPL stock when I thought it was overhyped at 100.
Awhile back in one of his tickers he posted, he stated that those numbers of those stocks shown at the top page of each new ticker posted such as Apple and the S@P 500 were his best estimate for the final bottom in the overall stock market
once things finally correct to their true value. And yes, even good old Apple will have greatly reduced earnings as unemployment rises even faster and more and more people would spend what little money they have on food/shelter, rather than tech-gadgets.
Yea, well duh. Stocks go up they go down, the universe collapses to a singularity - the question is when. My friend who has played the AAPL game has cashed in half his stock to buy his house outright. My gold has mearly doubled in value* while his AAPL has increased 10 to 100 fold. Actually, my Palladium holdings have done much better recently but that isn't physical, its an ETF (unreal representation of perceived value - I think). But yes, if he had held his stock like it is some kind of real thing and not something that represents transient perception of value, the gold would eventually be worth more.
And before anyone slams me on my characterization of currency, stocks or physical commodities - yes I don't really know what I'm doing. I Do believe though that if I buy $20,000 of a Palladium ETF in early 2009 and sell it in late 2009 for $60,000 - then that's better than buying a car. Now, what should I do with the $60,000 ?
*value as represented in fiat currency, although real goods are probably similar depending on fluctuations in pricing of commodities in fiat currency notes.
edit: Someday Apple, iphones, ipods and all will be a mythical memory, but for now
Apple just had an "insanely great" quarter$this->bbcode_second_pass_quote('', 'A')pple sold more Macs and more iPhones than in any previous quarter in the company’s history. Before the holiday quarter. And in midst of the worst economy we’ve seen in 50 years.
by rangerone314 » Wed 21 Oct 2009, 14:28:47
$this->bbcode_second_pass_quote('dinopello', '')$this->bbcode_second_pass_quote('Forney2008', '')$this->bbcode_second_pass_quote('dinopello', '')$this->bbcode_second_pass_quote('deMolay', 'T')his could catch on.
http://market-ticker.org/ I also find it funny that his site there has the "ticker" at the top that seems to be a screen shot or image of the stock market ticker and Apple (AAPL) is at 20.53. Apple stock was at 20.53 back in late 2004 and just broke through
200 today . For someone who preaches market crashes like I think he does, he should find a few dog stocks to put up there. I am painfully aware of AAPL since my co-worker jabs me every chance he gets because I advised him to sell his AAPL stock when I thought it was overhyped at 100.
Awhile back in one of his tickers he posted, he stated that those numbers of those stocks shown at the top page of each new ticker posted such as Apple and the S@P 500 were his best estimate for the final bottom in the overall stock market
once things finally correct to their true value. And yes, even good old Apple will have greatly reduced earnings as unemployment rises even faster and more and more people would spend what little money they have on food/shelter, rather than tech-gadgets.
Yea, well duh. Stocks go up they go down, the universe collapses to a singularity - the question is when. My friend who has played the AAPL game has cashed in half his stock to buy his house outright. My gold has mearly doubled in value* while his AAPL has increased 10 to 100 fold. Actually, my Palladium holdings have done much better recently but that isn't physical, its an ETF (unreal representation of perceived value - I think). But yes, if he had held his stock like it is some kind of real thing and not something that represents transient perception of value, the gold would eventually be worth more.
And before anyone slams me on my characterization of currency, stocks or physical commodities - yes I don't really know what I'm doing. I Do believe though that if I buy $20,000 of a Palladium ETF in early 2009 and sell it in late 2009 for $60,000 - then that's better than buying a car. Now, what should I do with the $60,000 ?
*value as represented in fiat currency, although real goods are probably similar depending on fluctuations in pricing of commodities in fiat currency notes.
edit: Someday Apple, iphones, ipods and all will be a mythical memory, but for now
Apple just had an "insanely great" quarter$this->bbcode_second_pass_quote('', 'A')pple sold more Macs and more iPhones than in any previous quarter in the company’s history. Before the holiday quarter. And in midst of the worst economy we’ve seen in 50 years.
An ideology is by definition not a search for TRUTH-but a search for PROOF that its point of view is right
Equals barter and negotiate-people with power just take
You cant defend freedom by eliminating it-unknown
Our elected reps should wear sponsor patches on their suits so we know who they represent-like Nascar-Roy
by eXpat » Fri 05 Mar 2010, 12:42:05
$this->bbcode_second_pass_quote('TheAntiDoomer', 'H')ow many threats of immenent doom fr om Denninger can you stand AP before you stop agreeing with everything he says?
You may have to come to terms that he is a good computer nerd who just might be out of his league in making economic predictions.
What hard facts and data can you offer that disproves that article?
"I learned long ago, never to wrestle with a pig. You get dirty, and besides, the pig likes it."
George Bernard Shaw
“You can ignore reality, but you can't ignore the consequences of ignoring reality.” Ayn Rand
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eXpat
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by rangerone314 » Fri 05 Mar 2010, 14:32:46
$this->bbcode_second_pass_quote('dsula', '')$this->bbcode_second_pass_quote('rangerone314', 'H')ere's a radical idea: universal debt default, nobody owes nobody. No mortages, student loans, car loans, business accounts receivables. Completely eliminate all liabilities.
Again the responsible saver gets screwed. And the irresponsible assholes gets a free-pass.
Yes. What happens if the government prints away the debt...? Imagine Weimar Germany... you have 1,000,000 marks in the bank. Then you can only buy a loaf of bread.
Assets are important, what physically exists. For example, homes being stripped of copper pipes, defaced because no one lives there, partially constructed homes being demolished. Wasteful.
Death spirals are destructive. The system needs a reboot with shock paddles.
An ideology is by definition not a search for TRUTH-but a search for PROOF that its point of view is right
Equals barter and negotiate-people with power just take
You cant defend freedom by eliminating it-unknown
Our elected reps should wear sponsor patches on their suits so we know who they represent-like Nascar-Roy
