More Economic Genius From The Chimps In The EU
2009 September 10
And the hilarious thing is, the problem doesn’t even exist!
It’s like spending trillions of dollars defending your country against giant lemurs
God save us all
From TheFinancialTimes
[1]
Is America coming apart?
http://www.wnd.com/index.php?fa=PAGE.view&pageId=109478
I say, yes, and nothing can stop it. It is a sad thing, but necessary and unstoppable, as the left and right can no longer get along. I have thought this way since 2004. The idea that that election could have been within 10 points was a real shock, and a harbinger of the unbridgeable divide.
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There is no accounting for Stupidity.
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MegMac looking mannish and sounding nasty on the View.
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IP, If Obama shows up, The troops will have to be threatened with toilet details for a month just show up.
[6]
The last of the gold bears have given up. Barrick Gold, a major producer, is raising $4 billion through a stock issuance to buy out the last of its gold hedges.
This is seen by many as a bullish sign for gold, along with a collapsing dollar and the accumulation of gold bullion by China.
Gold is now hovering just under $1,000 an ounce.
Will it break through to new highs? Who knows, it may be a play to the upside.
Keep spending and printing, Obammy.
[7]
No only that, mullet, but this as well. From Polipundit:
http://seekingalpha.com/article/159200-is-a-crash-impending?source=article_sb_popular
Now JokeLeaf had to chime in and trash Poli on his own blog, like Drummond used to do. His recitation of principles (lol boil down to “I believe the markets can withstand socialism just fine) is trite and political, the exact opposite of what he claims.
[8]
I presume everyone knows where carbon taxes are going to end up. Eventually that will be the means by which the UN funds itself. The ‘carbon problem’ will be deemed global in nature requiring a global solution and only the UN can manage it.
Mark it down.
[9]
Yahoo
That’s a prescient piece from Buchanan
Secession looks inevitable, and sooner than I had thought
[10]
and
Hey, I’m happy for all those who took the risk in March and are up 50%. I never thought it would last this long, I thought it would be an 8-10 week rally and be over in May or June.
But for God’s sake. What is is BASED ON??????
I believe it is based on garbage. Bailouts and printed cash. As soon as that goes, the indexes go with it.
Now, if Obama is somehow stopped before we hoist the hammer and sickle, say if an R house get elected and none of amnesty/carbon caps/healthcare pass, then yeah, up we go.
So maybe that’s priced in with all the other stuff. But it’s a gamble.
When it gets to 12,000 again, let me know, and I will jump back in.
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The ‘carbon problem’ will be deemed global in nature requiring a global solution and only the UN can manage it.
Mark it down.
Of course. That and LOST will be the revenue sources for our new global overlords.
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That’s another thing. The markets are so non-reflective of the actual economy, than you wonder if the whole thing has been engineered to allow the bigs to sell off and get out.
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Somebody posted here a couple of days back in a market video that the insider trading volume has doubled and its all Sell.
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O/T but Joe ‘you lied’ Wilson is a 5th term R that won in a bad year last time with 54% of the vote. He is gonna get a lot of money and a lot of attention….in fact, if you havent given to him do so. This is a way we can send a message to the McVain (left)wing of the R party. He will win easily and I really hope Sarah campaigns for him.
RWY…..the market as I have said was way oversold during the downside panic selling….all this is normal. I am no longer long any stocks and have started taking some short positions, but there is no reason for the market to crash bigtime yet…..and perhaps it is smarter than we are….maybe it knows the Dems will get clobbered in 2010. And the Bush tax cuts dont expire until 2011….there is tons of liquidity in the market. This stuff will all take care of itself….dont depend on the market fulfilling your political desires….it just doesnt work that way.
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I like this guy’s comment:
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dont depend on the market fulfilling your political desires….it just doesnt work that way.
Do you really think that is what I’m doing? Really?
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and perhaps it is smarter than we are….maybe it knows the Dems will get clobbered in 2010.
Then it is a fool, because the odds are still against that happening.
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Then it is a fool, because the odds are still against that happening.~~RWY
Exactamundo:
The great unwashed have always had a short attention span.
no one ever went broke UNDERESTIMATING the intelligence of the american people
~~H L Mencken
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I think you are missing my point, so I wont bother you further.
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The market is what I do, like horse racing before.
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Dood.
I get your point, that the markets do what they do regardless of who is in office. I wonder why you would think I don’t get that. I wonder why JokeLeaf thinks that. Any adult can see that. That’s not what the dispute is about.
It’s about the foundation, that’s all. It does not seem justified by the fundies.
You can make a case the markets were oversold. That’s the single best argument for what is happening now.
So are you all in, with full confidence of 20% this year?
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Well, you’re at 50% so far. I should have said, 20% for 2010?
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I don’t really want to get in a fistfight about it.
Bruce, what do you think of the commenter’s remarks in #15?
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“When it gets to 12,000 again, let me know, and I will jump back in.”
Amen!
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rwh,
You are wrong on Kyl. He’s a solid conservative. And he will not support amnesty as per his interview on local AM talk radio. I have to take him at his word.
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Don’t miss Dan Henninger’s column today. It’s a good one.
http://online.wsj.com/article/SB10001424052970203440104574402584266716204.html
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Eph, we will see. I am not optimistic.
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Saw that, mullet. Let us hope.
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At 12000 the run is nearly over. Why take the roller coaster back to the bottom unless you are going short?
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No, I dont go all in ever in an environment like this. And I am not trying to bring attention to my market acumen or success.
Look, the markets were oversold way too much last March. That’s all. Right now it is dangerous to go short much but you shouldnt be long. My point had nothing to do with who is in office. I was merely responding to your post 10 based on my interpretation of it. Perhaps I misunderstood.
Let me put it this way, I think you know more about guns and ammo than I do….so I respect what you say. I think there might be some things that I know better than you….maybe not.
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Well, yes. But some are saying it’s over now. The optimists are saying it’s onward and upward to infinity….
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Look, the markets were oversold way too much last March. That’s all.
Do you see it up again in the next 180 days?
And, what of the comments in #15, from a poster on the link?
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I dont think we will see 12,000 with Obama in office.
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Well, I’ll admit I scoffed at 9,000 too.
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“We’re on a mission from God.”
How apropos. Of course not all missions from God are pleasant –
Take your son, your only son, Isaac, whom you love, and go to the region of Moriah. Sacrifice him there as a burnt offering. — Genesis 22:2
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As for comment 15 I understand and I agree that it may be what is happening out there. But I am not a long term investor…..I look for points when corrections, Bear Markets, rallies or Bull Markets are likely. It has to be done without emotion to be successful….just like looking for a great horse to bet.
Sarah is my current great horse to bet….I wonder if Lloyds would give me 50-1 on her for 2012…might be worth a few quid, eh Dr Dog?
Anyway nothing I said was meant to upset you personally….we’ve had our fights and you have been right more than I have. Although I could probably kick your ass.
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I am invested, but I keep moving up my stops. I may get wounded, but I won’t be killed.
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EPH post 25
Kyl is a clone of McVain. He will still support amnesty in my humble opinion.
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RWY, about the next 180 days, that is a very good question and you are a smart guy, tops are much harder to read than bottoms. My view is that we will soon have a pretty good correction followed by a rally in to early next year. Then we could see some serious downside. But I dont bet on my view, I bet on what the market tells me day to day.
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“Kyl is a clone of McVain”
Not even close man. I live in AZ and are very familair with both men.
KYL will not support any form of amnesty.
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It’s like spending trillions of dollars defending your country against giant lemurs
I Googled when the last attack of giant lemurs occurred in France. To this date no attacks have ever occurred. So who looks stupid now MFG?
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KYL will not support any form of amnesty.~~EPH
Bookmark this post. If he doesn’t I will offer to do helen thomas on the WH steps.
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38…this is going to be fascinating. Do you thing that if Obama passes an onerous Health Bill that he will do Amnesty> I do. It is 12m votes for his side. But the Amerikan people might become Americans again.
Interesting times.
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I’m not upset by anything you wrote. I suppose I resented the implication that I expect markets to respond to politics.
I think they do, over time. For example a big tax increase. But in this scenario I think you must be right, and that we were oversold in March. It’s the only logical explanation besides #15….
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I may get wounded, but I won’t be killed.
Unless you are long the next time 9-11 happens. But good strategy Mullet.
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KYL will not support any form of amnesty.
Now THAT is a leap too far.
Hint: He supported the last one, so much so that he was a co-sponsor.
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I may get wounded, but I won’t be killed.
Isn’t that how you’re always supposed to run it?
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RWY, I would love to have a couple beers but Cal-Fla is too far for that. I think we are on the same page. The markets respond over time, you are totally right.
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I’m in with brucefdb on this. To my detriment I rode the market down last fall because I was too afraid to counter the advice of my financial adviser. Needless to say I fired his ass and have been doing all my investing on my own since last November. It was just a matter of luck that I happened to have 25% out of the market and in cash at the time for other purposes. That being said, I’m very happy I didn’t get cold feet and bail out near the bottom. I certainly haven’t regained everything, but things look MUCH better than when the DOW lows were in the 6,000s.
Will the market go up or down? I don’t know. I’m just keeping an eye on things and am much better prepared to pull the trigger if things look very wobbly again. Things do look wobbly now, but not enough to scare me out yet.
My intuition tells me that the market is assuming that Obama’s agenda will fail. I say this only because the worse the news is for him, the better the market responds. If he starts succeeded (shutter) then we’ll see if the market behaves accordingly and tanks.
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If MurderGrandmaCare is defeated we might actually have a big rally
I’ve been surprised at how big this rally has been though, I have to admit that
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#14 Minuteman PAC is already raising money for Joe Wilson. Here’s from their email:
Rep. Wilson is an immigration attorney in South Carolina AND he helped push amendments to the health care bill that would have expressly prevented coverage for illegal aliens …
… but the Democrats in the House killed those amendments.
This begs a question: If illegal aliens aren’t going to be covered by ObamaCare, then what’s the harm in specifically prohibiting it?
We all know the answer to that question: BECAUSE THEY’RE LYING!!!
Pure and simple.
Friends, it’s in times like these that our patriotism and belief in our republic are put to the test. Let’s not fail this test. Let’s not fail Joe Wilson. Join us in ensuring his re-election now!
And you can already buy a bumper sticker/magnet that says “YOU LIE” with the Obama symbol in the “O”
[52]
TLS…where? Cafe press?
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Brucefdb, there is a link to the “YOU LIE” sticker/magnet the middle of the page to the Buchanan that RWY linked in the first post to this thread. Unfortunately, that WND page isn’t coming up for me now, but you should see it if that page works for you.
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AllahPundit has a thread on Meghan McCain hosting the view. MegaMac looks like she’s really been downing the Big Macs lately.
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Thanks, Mike.
Just a couple things from Fox tonight:
Did you see Ann Coulter destroy that moron BOR on the Obama speech? It was priceless. Next to Sarah, Ann is the next best jewel. I also thought Joe Wilson did well on Hannity.
On the other hand I was a little disappointed in Jim Traficante, still all anti-Israel. Oh well, I still love the guy.
Nobody has commented on that little Dr that did the R response to Hector’s imprimatur last night. I thought he did well.
I’ve got a hunch Bebe is gonna bomb Iran soon….I hope I am right.
Sleep well, bjgers.
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BOMB IRAN
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Oh I forgot those and I listen to Rush every day. thanks IP.
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brucefdb – or here is the link I got if you still need it
http://shop.wnd.com/store/item.asp?ITEM_ID=3214&AD_ID=3RD101
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brucefdb – here’s the link I got if you still need one;
http://shop.wnd.com/store/item.asp?ITEM_ID=3214&AD_ID=3RD101
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Sorry brucefdb – I was trying to respond but I couldn’t post for some reason. Here’s the link I got if you still need one:
http://shop.wnd.com/store/item.asp?ITEM_ID=3214&AD_ID=3RD101
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Bruce, take thine own advise. Don’t lay down any bets till there is a market. ie SheWhoSkinsMoose anounces.
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sorry brucefdb – I was trying to respond but it wouldn’t let me post for some reason. Here’s the link I got if you still need one:
http://shop.wnd.com/store/item.asp?ITEM_ID=3214&AD_ID=3RD101
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sorry brucefdb – I have been trying to respond but it wouldn’t let me post for some reason. If I end up double posting sorry guys!! Here’s the link I got if you still need one:
http://shop.wnd.com/store/item.asp?ITEM_ID=3214&AD_ID=3RD101
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Thanks doggie, but I start out tiny, at extremes, but I appreciate your concern.
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Paul Shanklin makes me roll on the floor laughing.
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Thanks TLS, not too keen on the color choice….maybe wait for the Pepsi thing.
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Here’s a more esthetically pleasing version I got earlier:
http://www.zazzle.com/you_lie_obama_bumper_sticker_bumper_sticker-128673483918616941
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Thanks, goes good with the Green is Red thing….remember Cap and Trade is next….must be before Nov or we are an Evil Nation.
God, dont you now understand why men wanted to go to War?
Jordan is yours, but dont forsake Me.
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This would look good on the above sticker
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Tom Tancredo’s Team America Pac is now raising money for Joe Wilson. Here’s from the email they sent me:
Finally, an honest man! Joe Wilson (R-SC) couldn’t sit still another minute with all the lies coming from the podium last night–especially when he heard the President say illegals wouldn’t be getting health insurance. What a whopper!
And we have to make certain the few brave Republicans fighting this mess-especially my friend, Joe Wilson, have our support. I’ve been told that Joe Wilson’s Democratic opponent raised over three hundred thousand dollars today because of his remark.
Well, let me promise you that Team America and I will be doing everything possible to make certain Joe is returned to Congress along with others like him.