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Topic: SP500 (Read 187 times) previous topic - next topic

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SP500
  • Last Edit: February 13, 2017, 10:49:07 AM by edthelorax
For Entertainment Purposes Only.

Re: SP500
Reply #1
For Entertainment Purposes Only.

  • sn00p
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Re: SP500
Reply #2
looking for downside until mercury retrograde ends 5/3 with the next full moon on 5/12

Watch for those dates to see an upward timing events; watch the solar eclipse of 8.21.17 another downwards timing perhaps.

Re: SP500
Reply #3

  • ken
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  • Global Moderator
Re: SP500
Reply #4
They think does not translate into much of anything. World affairs does not fit into their criteria.  They talk like its a done deal. At some point Trump is going to dump on little Kim in N. Korea.

Re: SP500
Reply #5
They think does not translate into much of anything. World affairs does not fit into their criteria.  They talk like its a done deal. At some point Trump is going to dump on little Kim in N. Korea.
I can see your point. It does seem like N. Korea is asking and begging for it. I just hope that the situation can be resolved peacefully with allied pressure and as a last resort, forcibly from an allied association responding to a serious global threat. Obviously, Kim want's to become a big boy at the negotiating table IMO. It's very sad when nukes and range get you the attention you want, otherwise you're just crazy (the Joker, some people just want to see the world burn). Batman nuts and dangerously looney!

Re: SP500
Reply #6
Here is an interesting chart of mutual fund % cash and SnP


  • ken
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  • Global Moderator
Re: SP500
Reply #7
Here is an interesting chart of mutual fund % cash and SnP


That is one crazy chart!

Re: SP500
Reply #8
Yes it is a crazy chart, but it supports a major change coming soon. I have the feeling looking at ascending support and descending resistance on several PM charts that we are going to see that major change in October or before. The most convincing anecdotal evidence was Janet Yellen saying she did not see an economic downturn in our lifetime. There are so many charts suggesting the economy propped up by fiat money is about to realize that the economy is not supported by real wealth increase. Remember, new fiat currency is not money with wealth until the new fiat currency steal wealth from current holders of the currency. This process takes time to be processed in the real economy and when it does, prices will reflect the truth. That truth is positive for PM's measured in fiat.

  • ken
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  • Global Moderator
Re: SP500
Reply #9
Yes it is a crazy chart, but it supports a major change coming soon. I have the feeling looking at ascending support and descending resistance on several PM charts that we are going to see that major change in October or before. The most convincing anecdotal evidence was Janet Yellen saying she did not see an economic downturn in our lifetime. There are so many charts suggesting the economy propped up by fiat money is about to realize that the economy is not supported by real wealth increase. Remember, new fiat currency is not money with wealth until the new fiat currency steal wealth from current holders of the currency. This process takes time to be processed in the real economy and when it does, prices will reflect the truth. That truth is positive for PM's measured in fiat.
It doesn't help that student loan defaults and credit card defaults went up causing some major outflows of cash in the US Treasury either. The system grows more instable.

  • CLARKBAR
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Re: SP500
Reply #10
Dave and Ken... So, what you are say'n is that we should be Yellen at Janet?  Seems like she'll be retiring sooner rather than later if these charts hold even 25% of the truth of impending economic turbulence that is being forecast by these charts~!!

  • ken
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  • Global Moderator
Re: SP500
Reply #11
Dave and Ken... So, what you are say'n is that we should be Yellen at Janet?  Seems like she'll be retiring sooner rather than later if these charts hold even 25% of the truth of impending economic turbulence that is being forecast by these charts~!!

Well Clark, the system is in decay even-though, try as they may, the Fed manipulation can succeed only so much. Janet will keep this ball of shit rolling through her term which is months away from expiring.

The warnings coming out of banks, not to mention the criminal Jamie Dimon of Chase stating that the markets are stagnate.
"It's almost an embarrassment be an American citizen traveling around the world and listening to the stupid shit we have to deal with in this country and at one point we have to get our act together. We won't do what were supposed to for the average American."

Besides the BS rhetoric "We won't do what were supposed to for the average American" he is right. The system is on a downward course and it seems from the point of view of the DNC and other traitors it can only be repaired once Trump is gone. This is political instability. Good for the metals, bad for the cohesion of the Republic, if you can call it one anymore.

IMHO this country is toast. Shot, kaput! All because idiots elected chose their party over American ideology. 

May there be enough lampposts in Washington DC to hang all the traitors!

Re: SP500
Reply #12
I think we that post in this thread are of similar minds. The commencement of the downfall started with the birth of the federal reserve, putting a private corporation owned by member banks, charged with managing the economy to maintain stable prices and to regulate the banking service sector, namely themselves. This was an act of part of the congress passed in the wee hours of the morning on a holiday after the no votes had returned home; what a concept. The people lost control of their money and economy. Even President Wilson as he signed the law acknowledged this.
Next, we have the recession of 1919/20, a classic example of how to manage a recession that is buried because it does not fit the narrative that government is here to fix all problems, even those it creates. In that recession, federal government budget was cut by some 20% to 25% and the fed did not have its act together yet. Walla! 18 months later ushered in the roaring 20's. We all know the roaring 20' ended with excessive debt used to fund stock purchases among other goodies and when taken to excess, we had the great depression. So what did we learn?
Well, not much! Reducing the size of government fixed the recession before the depression, so to repair the problems of 2008, we had one government stimulus program after another with great names like cash for clunkers. Belt tightening to get finances in good shape was replaced by profligate spending. The federal reserve got into the act with QE or money printing by another name that could not have taken place if FDR and Nixon had not removed the one means of keeping the federal reserve in check, the backing of money with precious metals. They also reduced interest rates to zero. With the ZIRP, banks to include GS for the first time, were able to borrow freely and buy stocks, thanks to Glass Stiegel repeal. So The fed bought bonds and MBS's and their owners bought stocks. There is not much if any difference between the fed or its owners directly buying stocks, just one is illegal and the other was illegal, thanks congress and Clinton. Think the fed did not pump up the stock market?
So now we have borrowed our way into false prosperity or recovery and with it brought forward $20 trillion in economic activity that will not take place right when we need it most. To cure the depression, we became more socialistic having government provide the safety net rather than families, churches and charitable institutions. This has progressed (pun intended) into an entitlement state where a huge, more than 50%, portion of the population is on the dole in some form or fashion. We have a mountain of debt, a large percentage of the population on the dole, a depression coming putting more people into the safety net and off the tax roles and Yellen stating we will not see a down turn in our lifetime. What would have been true is we can not afford a downturn in our lifetime.
Yep things are fixed: NOT! We have strayed from the founders' vision at our peril. Many who read this will consider it bunk, but to them I ask do you even know what the founders had envisioned? Did you learn it in school or were you indoctrinated at the expense of our heritage? Did you learn to read, write, do math, reason critically, learn history and civics, or did you get sensitivity training? Eric Boling has it right, It is time to wake up America!
Sorry for the rant, it should probably be in the miscellaneous section, maybe even in the absurd subsection.

  • ken
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  • Global Moderator
Re: SP500
Reply #13
There is not a word you wrote that I could disagree with. It is as the reality of breathing to stay alive.

You wrote: "Reducing the size of government fixed the recession before the depression, so to repair the problems of 2008, we had one government stimulus program after another with great names like cash for clunkers. Belt tightening to get finances in good shape was replaced by profligate spending. The federal reserve got into the act with QE or money printing by another name that could not have taken place if FDR and Nixon had not removed the one means of keeping the federal reserve in check, the backing of money with precious metals."

And they did so because Vietnam was having a dragging effect on the economy.. What better scheme to create a paper fiat dollar backed by nothing, where all nations who wish to benefit from the Amerikan scheme participate if they want to stay solvent?

Love the ingenuity of the Amerikan con-man!                 

Re: SP500
Reply #14
There is not a word you wrote that I could disagree with. It is as the reality of breathing to stay alive.

You wrote: "Reducing the size of government fixed the recession before the depression, so to repair the problems of 2008, we had one government stimulus program after another with great names like cash for clunkers. Belt tightening to get finances in good shape was replaced by profligate spending. The federal reserve got into the act with QE or money printing by another name that could not have taken place if FDR and Nixon had not removed the one means of keeping the federal reserve in check, the backing of money with precious metals."

And they did so because Vietnam was having a dragging effect on the economy.. What better scheme to create a paper fiat dollar backed by nothing, where all nations who wish to benefit from the Amerikan scheme participate if they want to stay solvent?

Love the ingenuity of the Amerikan con-man!                 

I agree, but there is more. Bretton Woods, petrol dollar and other extorting agreements requiring the employment of the dollar for international trade allowed us to dilute our problems by sucking in the rest of the world, some would say we could export our inflation. Can't you imagine how the fed partied over those arrangements? Now their self imposed 2% price stability definition allowed them to inflate with the fiat stealing its value from the whole world, not just the US. Another reason Nixon issued his XO removing the gold backing is too many central banks were redeeming the dollars for gold draining our holdings. Shortly after, we had inflation all the way up to 3.5% to 4% which scared the crap out of the politicians as it should have and we had the wage and price freeze. What would Nixon have done had he had the mid teen inflation of the 70's? Again all this had a root cause of spending more than taken in. I could spout off for days on this, but I am tired and an economist that gets it, James Grant is on FBN now.

Have a good weekend!