Stock market tanks- AS I PREDICTED
POSTED BY: SignyM
UPDATED: Saturday, March 14, 2026 22:58
VIEWED: 5717
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Haven't I been saying that if government spending is cut we will face a double-dip recession? Didn't I say that the market can only run on thin air and speculation for so long? Haven't I advised (not more than a month ago) to SHORT THE MARKET?
Well, it looks like the stock market boys have finally looked beyond the TP rhetoric and realized that even the stock market floats on government money. 
Can you say double dip? Sure you can.
www.fireflyfans.net/mthread.asp?b=18&t=48642
Now, the test of a hypothesis is whether or not you can use it to PREDICT the future, not whether or not you can use it for after-the-fact blamestorming, whinging, and rationalization. Like RAPPY does.
Rappy sucks at prediction, he really does. I'd make a better financial adviser. Fortunately, I don't use him for financial advice... or to explain anything else, for that matter.
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Slow down. Right now it is just as easy to claim that the markets are tanking because the debt deal did not cut enough. Not to mention you also have the economic problems in the EU spreading.
I'm not saying your wrong, just that you haven't yet been proven right.
I do not fear God, I fear the ignorance of man.
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Actually Rap predicted the same, but for a different reason, and that is the same I used to make the same prediction: raising the debt limit leads to a currency crisis. No one buys stock valued in depriciating currencies.
Think about it. I don't have a lot to invest, but when I make money, I can't stick it all in my pocket, so it has to go somewhere. Should I put it in the bank? That has two problems:
1) banks are notoriously dishonest and unstable, and may take my money, charge me fees, or collapse (we all know FDIC insurance really only covers two cents on the dollar.
2) my bank account is valued in dollars. Sure, I could go to the extreme of getting a foreign currency account or foreign bank account, but there's a much simpler solution:
Buy stock.
Now, if I buy stock, I have to consider thar various stock markets of the world are also valued in local currency. Ergo, if I buy a stock, it should be Chinese or Indian, and not American, because it would be valued in dollars. (my mom had stock in a greek company, ouch.)
So I assume major money players of the world think much more like I do than like alien lizard men.
Do I consider the impact of govt spending in 2014 when I buy stock? No, probably not. I never invest in contractors, the risk is way too high, random political decisions effect those things. I also don't care what my investment is doing in 2014.
The only ways spending is really going to affect the market is if the company your holding is gaming for a big govt contract, or much worse: if the govt. Spending recipients are taking that money and gambling on the stock market (and derivatives) which they sometimes are. But the market won't tank today because of spending they won't receive in years to come.
That's what a ship is, you know - it's not just a keel and a hull and a deck and sails, that's what a ship needs.
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Double dip was expected long ago, right after Obama's initial foolish stimulus. So right away, you're trying to take credit for that which wasn't at all what you were predicting.
The comical assertion that any LACK of federal spending has 1 iota to do w/ the stock market tanking. Credit the TEA party movement for SAVING us, by not making matters worse.
Also, there haven't been any spending CUTS. Just reductions in growth. That's the problem. There's no confidence with our debtors that we're serious about doing anything constructive here. The ceiling was never the issue, but our plan ( or lack there of ) to do something sensible and honest about taking care of the budget deficit is what has us up the proverbial creek. 
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Ever since I first learnt about the stock market at age 8 I've thought it was silly and potentially disastrous. One of my favorite movies at the time was about a girl who goes back in time to right before the Depression starts. So I asked about the stock market and was shocked to learn that people actually put their money into it. Sure you can make it big, but you can also tumble, how is that any different than spending thousands on poker at the casino?
I understand that some people are drawn by the allure of that sort of thing and its their choice whether to participate, I just know it's not for me, I'm not a risk taker at all.
"A completely coherant River means writers don't deliver" KatTaya
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Quote:Actually, rap predicted nothing. When I told him (a month ago) to short the market he said You don't know what you're talking about. So there!
Actually Rap predicted the same
BTW DT, there are a lot more investment choices than "Dollars, or stocks? Stocks, or dollars?" That's pretty limited thinking. Forex? Commodities? Precious metals? Foreign stocks? Foreign real estate?
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Quote:
Actually, rap predicted nothing. When I told him (a month ago) to short the market he said You don't know what you're talking about. So there!
A month ago ? The issue of a double dip recession has been openly discussed for well over a year. Hell, probably 2 years ?
So there!
Oh, and the stock market nose diving was pretty damn predictable. This date has been circled for some time now, and Obama's inaction and the Dems stubbornness to put partisan politics a head of the good of the country didn't help fears. When the stupid deal was signed, it was a clear signal to the market that the US wasn't at all interested in solving its deficit crisis.
Did I ever tell you that I'm NOT in any way in the financial industry ? I know you've alluded to me being a trader,or a broker, or some such... I really can't tell what's in that silly mind of yours.
I have always found that to be amusing. I am not, never have been, and unless my brain goes missing, never will be... what ever the hell it is you think I'm suppose to be.
" I do not love the bright sword for its sharpness, nor the arrow for its swiftness, nor the warrior for his glory. I love only that which they defend. "
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Quote:
...and unless my brain goes missing, never will be... what ever the hell it is you think I'm suppose to be.
Heh. I guess we can take that as confirmation, your brain having been missing for the last several years at least!
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I disagree, for his brain to go missing he would have had to have one first.
I do not fear God, I fear the ignorance of man.
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