DOW 5,000
That's just a guess at the bottom. I could be wrong. An MBA is worth an extra 20% padding on an expense account or so, and that's about it. My three semesters of law school are just enough to entice me to spout my mouth off to an overworked cop whose wife is cheating on him, allowing him to find his formerly meaningless existence suddenly brightened by the opportunity to beat the fucking shit out of a drunken motormouth.
No, I am spendthrift and drunkard no longer, having humbled myself and straightened up far before our current malaise. Having said that, my guess on the bottom of the Dow Jones Industrial Average is as bankable as a redlined loan in Compton, as vaporous as an investment banker's soul. I'll stick with that guess, however, and align my assumptions upon it.
I still believe the government should have stayed the fuck out of the economy, save for the absolutely necessary bailouts (automakers, with grievous caveats attached, and some strategically important retail banks). Investment bankers, subprime lenders, private equity firms, capital market speculators, state and local governments, should have all been told to piss off. This stimulus is like giving Richard Speck a roomful of bound and gagged nursing students and a straight razor to play with during his "fresh air" time at the penitientiary.
Of course Obamachete knows this. This thing was never about salvaging the economy. It was about gutting the corpus of the American economy of any and all value for the immediate construction of a machine apparatus that would not only make Lyndon Baines Johnson and Franklin Roosevelt scrunch their crotches in admiration, but would make the sadistic Mongolian Lenin whistle in incredulous appreciation.
This government hijacking won't kill the golden goose. We Americans can not only make lemonade from lemons, we can make Sarah Jessica Parker a sex object. And fly to the fucking moon! We are unstoppable. The problem is, after the delayed recovery from this huge goddam debt we are going to be forced to choke down, like Harry Reams' cock in Linda's throat, the underlying liberties only partially related to the economy will be gone: freedom of speech, of association, and mobility will be severely curtailed. The 2nd amendment will be stomped like that one asshole, you know the one, the ugly one, in Roadhouse.
We'll always be able to make more money, even as our output is taxed more heavily. It's the quality of life we will lose, that ineluctable cowboy, free spirit, bust my buttons Americanism we'll lose. And it's already started, if you don't believe me.
Hell, we're already being lectured to, and told we're a bunch of racial cowards, by a fucking pussy like Eric Holder, for God's sake. And we're taking it.
Because I don't know about you folks, but my mama raised me better than to kick a motherfucking Creole bastard like that in the balls, like he deserves.
I was thinking 6800 before the "great bullshit bailout of Obama," aka, the "American Investment Act".
No longer. Now I have the 4000-4500 range in mind. Can't come up with a reason for it, but that's what I'm thinking.
"I still believe the government should have stayed the fuck out of the economy"
A-fucking-men.
Folks, if you own stock, dump it now and buy gold. If you own Citibank stock... Damn. Just sayin'.
Eric Holder? That gutless POS probably doesn't even do his own fucking.
Fuck him, and his parents for having the asshole.
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guns and ammo. gold and food. stock up
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Dow at 5000? Hey, your an optimist, Vman. I'm cool with that.
FWIW the Dow lost ninety percent of its value during 'The Great Depression' so lesseee...
The Dow peaked at ...oh ~ 14000... so a 'ninety percent drop' today would be...
1400.
Lets see what happens.
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1400 is like, what? One share of Google?
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VMan, I'll be happy to kick Holder in the balls for you. My mama didn't teach me it was bad to do that to bullies or politicians. In fact, she rather encouraged it.
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We Americans can not only make lemonade from lemons, we can make Sarah Jessica Parker a sex object.
Good one!
Americanism we'll lose
Yes, I'd call it identity theft. And perpetrated by those who assign us birth certificates and social security numbers, no less.
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Dick: Now that Vman is here, you're gonna have to move that apostrophe...
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Peggy, that was my favorite line as well...damn V-man has a way with turning a phrase.
I know they are "hoping" the DOW will hold at 5000. I am thinking it will be down to 3500 before they either toss in the towel, and or turn us into either an "American Fascist State" (replete with 'smiley faces') or the rebirth of Joe Stalin's Paradise.
Guess I'd better stock up on the three "G's" ... Guns, Gold, and Grain.
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I guess chubby litte Erin can't be far behind.
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I hope Guy S meant guns, gold, and grain alcohol.
And tis true, I tried to get Dick to rename his site Girth Vader's Cockholster, but he didn't bite.
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"Grains" in this case, is all inclusive. *grin*
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"1400 is like, what? One share of Google?"
...and some pocket lint.
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There is absolutely nothing between here and four thousand and change except air. We heard a lot more of that tonight.
That would represent Price to Book ratios (Earnings are spotty at lows) seen at serious maket bottoms, like jimmy's old market. Great Depression lows would be 1700 give or take.
History does not repeat itself, but it rhymes. Jimmy or Franklin, hard to say. Right now, it's Franklin's rhyme line for line.
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