Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 107 of 119
If Trump and the GoPs werent bungling incompetents, its likely there woud be no crash. It like they are driving the bus and can see where its heded and we cant. All we can see iz them diving out the door wen its too late.
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com .
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Meh... I think this was bound to happen sooner or later. Both of us were saying that, even though we had no idea what would trigger it.
I think if anything some lessons need to be learned here. The DOW is a terrible monstrosity of an invention that is used to siphon wealth from the middle class and give it to the rich and powerful. Always has been, always will be.
There have been people who have done well with it over the decades. Enough for this to sound like more conspiracy land babble on my part. But at the end of the day it's the major crashes like this that time and time again have made a large shift in wealth of people in the country, and made the quality of life that much worse in its wake.
It's ridiculous that it almost hit 30k in recent months when you look at the quality of living for most Americans and how low it is compared to the late 90's and early 2000's.
Wages have been stagnant for 20 years, yet the stock market was 30k? Something about that doesn't reek to most people?
Try to keep in mind as well that at the current level we're still nearly 5k more than we were before the crash of 2008 happened.
BTW... Has anybody heard from JSF? I'm actually kind of worried about him right now. I think he's been just about obsessed with the DOW numbers the last few years as the TDS sufferers have been about Trump.
Do Right, Be Right. :)
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Hiz last post in this thred wuz the 16th. Funny how that seemz so long ago.
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com .
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Quote:
Originally posted by captaincrunch:
If it weren't for second, Jo, T, Shiny (where is Shiny?) and few others, this place would be a wasteland.
xanks, CC.
The bad gize can win wen we are divided. Dividing us haz been made eazier with the anonymity tradition uv the internet. Paranoia and disinformation help keep us separated and powerless.
Cant even get RL frendz to klik links kuz they fear getting hacked.
I notist yesterday that therez a warning before the web adress here: "!Not secure" in red.
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com .
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Quote:
Originally posted by JO753:
Hiz last post in this thred wuz the 16th. Funny how that seemz so long ago.
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com .
The thing is, this thing wasn't just going to keep climbing to a million, and almost everybody thinks that they're an expert when the good times are rolling.
I hope he was. I hope anybody here that was at least somewhat heavily invested in the market saw all of this coming and pulled out and didn't lose their asses.
And for anybody who is looking at this as an opportunity to buy back in, man I hope you time that right too.
Do Right, Be Right. :)
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Quote:
Originally posted by captaincrunch:Quote:
Originally posted by 6IXSTRINGJACK:
Read the Captain's reply, fuck face.
Even he knows that you're so full of shit that it's coming out of your ears right now.
Hardly. If it weren't for second, Jo, T, Shiny (where is Shiny?) and few others, this place would be a wasteland.
I know you guys are like fake buddies, but sadly, that's not what your two replies to second about this issue imply.
Do Right, Be Right. :)
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https://www.theguardian.com/commentisfree/2020/mar/21/us-senators-accu
sed-coronavirus-insider-trading-are-a-symbol-moral-bankruptcy
So... um... yeah.
Here's the deal. People had literally weeks to stock up on things when news reports were coming out about the virus making its way to the states after spreading all over china and other parts of the world first.
But they didn't.
They waited until the Legacy Media made everybody panic, and that's why it's a chore to find a freakin' roll of toilet paper today.
If this was truly insider trading based off of knowledge that wasn't public then at the very least that should be made headline news until their respective elections so the proles can vote them out and put somebody as equally morally bankrupt in to replace them.
But chances are they were just around people who were taking it a lot more seriously as part of their job descriptions and they saw the writing on the wall and didn't want to go down with their portfolios.
There was plenty of warning that something was coming. Yet most normal people didn't buy toilet paper until they couldn't buy toilet paper anymore.
Are we honestly going to pretend that your average American with a 401k is responsible enough to be a shepherd of their own money and future when they never exhibit that behavior anywhere else in their lives?
All I have to say is THANK GOD THAT GWB DIDN'T GO THROUGH WITH PRIVATIZING SOCIAL SECURITY.
Do you even remember when that was a thing?
https://en.wikipedia.org/wiki/Social_Security_debate_in_the_United_Sta
tes
I do. I've got plenty of posts here dumping on him for even suggesting it, as well as using that and the banning of gay marriages on a national level as the two wedge issues that got him re-elected at the time.
Jesus Christ. Imagine if he had done that. How many people right now wouldn't even have any Social Security benefits to look forward to in their retirement?
Would we be adding another 10 Trillion to the deficit to bail out idiots that gambled all of their future Social Security away and gave it to the 1%'ers that are going to grow even more powerful after the COVID-19 panic subsides?
Do Right, Be Right. :)
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Quote:
Originally posted by JO753:Quote:
Originally posted by captaincrunch:
If it weren't for second, Jo, T, Shiny (where is Shiny?) and few others, this place would be a wasteland.
xanks, CC.
The bad gize can win wen we are divided. Dividing us haz been made eazier with the anonymity tradition uv the internet. Paranoia and disinformation help keep us separated and powerless.
Cant even get RL frendz to klik links kuz they fear getting hacked.
I notist yesterday that therez a warning before the web adress here: "!Not secure" in red.
Haken has not added an ssl cert to this puppy yet - https - don't really blame him. Google is pushing web sites to get ssl certificates - maybe they get a kick back?
I meant to mention Wish - knew I would forget someone. And Brenda is still the nicest person ever to post on this forum. Ever. Although... I get the feeling she could wield an angry axe if needed.
It's going to be interesting to see what happens in the next 1-5 months and years! There might be a lull in c-19 activity this summer. That could be good or bad. I'm going to take the time to fill our larder and fix the still.
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Quote:
Originally posted by captaincrunch:
Haken has not added an ssl cert to this puppy yet - https - don't really blame him. Google is pushing web sites to get ssl certificates - maybe they get a kick back?
Yup. This is why I changed my name temporarily to 6ixStringJoker a while back there, but then I lost/forgot the password to that login as well as the burner email account I created for it when I had a computer crash.
Nothing changed here (at fff.net), it was just my browser (Firefox) had been updated at that point and screamed about any websites that did not comply.
It's actually pretty rare outside of this website for me to get that warning anywhere else, but it still happens.
I'm not too worried about it. Whatever. It's not as if every single thing we've ever written, texted or said on the phone in the last 25 years isn't stored on a server somewhere anyways. Nobody is anonymous.
Do Right, Be Right. :)
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Quote:I decided to check around to find out what legislators that are NOT American Republicans would do. I found an example in Denmark:
Originally posted by captaincrunch:Quote:
Originally posted by second:
NOT tricky. It is called Insider Trading: the illegal practice of trading on the stock exchange to one's own advantage through having access to confidential information. It is right up there with other white collar crimes such as income tax evasion, another crime that is very seldom prosecuted in America. I KNOW Texans who commit insider trading and tax evasion. They see themselves as brave heroes, but you don't have to be brave. You only have to be a sneaky, twisty crook, which matches what the Texans I know are. It just so happens that GOP Senators and Presidents are also sneaky, twisty crooks who constantly praise capitalism and their own brilliance. Funny how the crooks I know in Texas are all rich Republicans, as were the Senators who got caught but won't be prosecuted.
NOT that kind of tricky - their crime is easy to spot.
"Tricky" in what would you have done? Would you have bailed on the market to save yourself and your loved one's future? Or would you have done nothing and watched it melt like an ice cube in the summer sun? You can't put other people's words back in their mouth or shut your ears after they tell you, "Senator, as your financial advisor I would like to let you know that in our best estimation the market is about to free fall... you might want us to look to that." So what do you do once you hear that?
Thompson: I have to admit that it’s rather jarring to hear about a country agreeing in a matter of days to do something this big. Your government could spend more than 10 percent of your GDP before July. Meanwhile, in the U.S., we’re still debating the size of government-signed checks that citizens might not receive for several months. There is a profound difference in both the speed and size of the government response. [Over email, we worked out that this is the equivalent of approximately 13 percent of the country’s GDP. In the U.S., that would be about $2.5 trillion.] (Individual Congressmen bailed themselves out almost instantaneously by selling their stocks. I am extremely familiar with how Texas' Republican Congressmen go about their job; they look after themselves first, last, always.)
Larsen: I have to say that the decision-making process in Denmark has been very extraordinary. We have 10 parties in Parliament. From the very left-wing to the really, really right-wing. And they all agree. There is nearly 100 percent consensus about this. And that’s really amazing. People are convinced that it’s wise to do this now.
More at "Denmark’s Idea Could Help the World Avoid a Great Depression"
www.theatlantic.com/ideas/archive/2020/03/denmark-freezing-its-economy
-should-us/608533/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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