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  1. #21  
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    Quote Originally Posted by Articulate_Ape View Post
    I have been in cash and gold for some time in anticipation of a stock market crash which seems almost inevitable to me given the fundamentals. It looks like the downward spiral is underway since the debt ceiling dog and pony show didn't fool anyone with a shred of sense. Things are going to get a whole lot worse before they get better - if they ever do. Obama is an absolute calamity for this nation.
    I agree. We might not go into a recession but the economy is going to muddle along at best because of the administration's stupidity. Between regulations, health care costs and putting the brakes on drilling, we will never create the 300 to 400 thousand jobs per month needed to dig us out of this mess.

    QE 3 is the only bullet the morons in the W.H. have. Dow down 512 points today. Not looking good.
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  2. #22  
    Senior Ape Articulate_Ape's Avatar
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    The problem is that damage done is already factored into the market, SLW. Given that almost all indications are that the debt problem is going to get worse in the near term (and long term without drastic spending cuts), there really is nowhere to go but down. Obama & Co. have no jobs plan beyond spending more money that we don't have. The ONLY thing that will spur job growth is for the government to get the hell out of the way of business (i.e. remove the massive regulatory burdens). That is never going to happen so long as Obama is president and the Senate has a Dem majority.

    I know that is a very cynical outlook, but if you examine the situation objectively, you will see that it is a very realistic outlook. We need a Marco Rubio to run for POTUS. I really wish he would.
    "Our president delivered his State of the Union message to Congress. That is one of the things his contract calls for -- to tell congress the condition of the country. This message, as I say, is to Congress. The rest of the people know the condition of the country, for they live in it, but Congress has no idea what is going on in America, so the president has to tell 'em." ~ Will Rogers
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  3. #23  
    SEAduced SuperMod Hawkgirl's Avatar
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    The futures are also down..by 17 so far..:(

    http://dowfutures.org/
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