Dire Predictions for the Stock Market

#54
#54
sjt18 said:
Two things here. Did he really say a depression WAS coming and then tell people to take their money out of the market?
Click to expand...


Yes and sort of.

He said he had gotten an email from a lady who said they listened to him when he said to do that in 2007 and that he had saved them all of their money. Then he said he wasn't an economist. But then he said an epic world depression is coming. And then he talked about his rally.

Truthfully, he was kind of winging it I thought. It was very disjointed.
 
#56
#56
lawgator1 said:
Yes and sort of.

He said he had gotten an email from a lady who said they listened to him when he said to do that in 2007 and that he had saved them all of their money. Then he said he wasn't an economist. But then he said an epic world depression is coming. And then he talked about his rally.

Truthfully, he was kind of winging it I thought. It was very disjointed.
Click to expand...

So basically you are trying to parse an off the cuff comment, take it to its most literal extreme, then condemn the guy for saying something he probably did not intend... Does that "sort of" sum it up?
 
#58
#58
So in other words if we don't reduce spending and curtail social programs NOW... we are basically destined for disingration as a country?
 
#60
#60
lumberjack4 said:
Wanted to ask some of the financial gurus on this board what they think about the coming months for the market. Was reading some doom and gloom stories and am not sure how much of it to believe.

Dow Faces Bouncy Ride to 5,000 - CNBC

Hindenburg Omen Tripped Again - WSJ

I find a hard time believing that the market will make any significant gains due to the abysmal state of unemployment in the country. But realistically how big of a loss are we looking at over the next 6 months to a year? Will it be a lot of sideways movement, or will we lose a thousand points?

I'm currently in a few inverted ETFs and see no reason to get out of them now, just wondering how long the ride will last.
Click to expand...

What happened to this bold prediction???

dow_36000_1.png
 
#61
#61
Here is an interesting -- and very scary -- article on the effect that Beck has on not-very-bright people. The notion that there are bunch of gullible old people out there buying gold and seeds 'cause he said to is, I suspect, not that far fetched.

Should you take investment advice from Glenn Beck? - MSN Money

What is really alarming is that he admits he doesn't know what he's talking about. Still, he is dishing out this advice.

I guarantee you that at some point in the near future, after a bit of a surge in the market and gold prices taking a big hit, someone (or someones) will sue Beck for giving that advice. He will say that he warned that he is not an expert. But it will go to a jury whether that was sufficient. And good lawyer will probe all his nonsense and also his finances.

It will be ugly for him.

And I will personally delight in every second of it.
 
#62
#62
The sad part is that we have someone in the White House who clearly doesn't know what he is talking about either. A guy in this role has a much greater effect on the country than a talk show host and is clearly doing more damage. So while liberals just get tingles about every blunder a radio host has, the rest of the country can just wallow in misery as a President blunders on a daily basis and think he's doing a great job.
 
#65
#65
Never said you couldn't keep gold or commodities as part of a well rounded portfolio.

But cashing in your 401k to buy gold and seeds from Beck sponsors?

Well, you get what you deserve.
 
#66
#66
Clearly those who voted for Hope and Change got what they deserved as well. Changing the tone in DC, changing how things are done, Recovery Summer, and all that. Again - greater impact: actions of a President or words from a talk show host.
 
#67
#67
my dad took all his money out of his 401k a few years ago (no not because of Beck) and because of that was able to retire while others his age are still working. Not saying it always works but I've seen it happen.

He is much smarter than Beck or the Pres though so that could have something to do with it
 
#68
#68
lawgator1 said:
Here is an interesting -- and very scary -- article on the effect that Beck has on not-very-bright people. The notion that there are bunch of gullible old people out there buying gold and seeds 'cause he said to is, I suspect, not that far fetched.

Should you take investment advice from Glenn Beck? - MSN Money

What is really alarming is that he admits he doesn't know what he's talking about. Still, he is dishing out this advice.

I guarantee you that at some point in the near future, after a bit of a surge in the market and gold prices taking a big hit, someone (or someones) will sue Beck for giving that advice. He will say that he warned that he is not an expert. But it will go to a jury whether that was sufficient. And good lawyer will probe all his nonsense and also his finances.

It will be ugly for him.

And I will personally delight in every second of it.
Click to expand...

you think it's just old people listening to beck who want to sell out and buy gold? i get calls every month from clients terrified about obama who wan't to put all their money in gold. i try to explain to them that historically it's been a very poor investment, but people hear gold they think stability no matter how many times it's dropped 80% in the span of a year.

you still haven't read my article i take it?
 
#70
#70
lawgator1 said:
Never said you couldn't keep gold or commodities as part of a well rounded portfolio.

But cashing in your 401k to buy gold and seeds from Beck sponsors?

Well, you get what you deserve.
Click to expand...

You did not read the article that Drosk linked, at your request, for you, did you?

Beck is a money making machine. YOU are an idiot for taking it to heart. (and don't play the "I only care that others are getting hurt" ambulance chaser crap)
 
#71
#71
droski said:
you think it's just old people listening to beck who want to sell out and buy gold? i get calls every month from clients terrified about obama who wan't to put all their money in gold. i try to explain to them that historically it's been a very poor investment, but people hear gold they think stability no matter how many times it's dropped 80% in the span of a year.

you still haven't read my article i take it?
Click to expand...

if he did...he is dumber than we all already know he is
 
Last edited by a moderator:
New posts
You must log in or register to reply here.

VN Store



Back
Top