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Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?

 
Anonymous Coward
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11/01/2011 09:38 PM
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
Remember, you can eat bankers.
Jane SmithModerator (OP)
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11/01/2011 09:39 PM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
Got preps? Inflation is going to be hell.

Food,hygiene,clothing,energy,and of course precious metals.If you have never prepped this is your last chance to wise up and protect your family.

It is not about survival.It is about maintaining your wealth.When the FED is flat telling us they are going to create more money(ie create inflation)everything will go up in cost.If you prep/stock up on items you use/consume you can lesson the impact to your family and preserve your wealth.

Silver to 60 by Christmas(it is down currently for more reasons besides Inflation go to [link to harveyorgan.blogspot.com] and start reading.

With the new position limits on shorts probably starting in January the artificial paper chain around silvers neck is about to be taken off.

Good luck.
 Quoting: Anonymous Coward 4119880


This ^^^^^

Hyper inflation or collapse.Either way prep.It is still currently in your control to determine your future,it may not be much longer.
 Quoting: Anonymous Coward 4119880


Yes!
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Janebroom
Killer Bunny mockingjay
Jane SmithModerator (OP)
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
Remember, you can eat bankers.
 Quoting: Anonymous Coward 3918708


Just need some sauce ...

Eating My Fiats
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Janebroom
Killer Bunny mockingjay
Jane SmithModerator (OP)
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11/01/2011 09:40 PM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
FFS let the mutha fukker crash and burn! BoA has just given up the ridiculous idea of charging customers 5 dollars a month for the privilege of spending THEIR OWN MONEY! They know the handwriting is on the wall and it's just a matter of time.

Bernanke knows as well that he's exhausted his bag of tricks trying to keep this Ponzi scheme going - the Big Banks have blown through a TRILLION dollars like a crack head winning the lottery.

Game Over Folks.

Hope your tomato plants are healthy. It's going to be a l o n g winter.
 Quoting: Anonymous Coward 3890480



Girlie Tomato
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Janebroom
Killer Bunny mockingjay
Jane SmithModerator (OP)
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11/01/2011 09:41 PM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
Game six of the world series is why I watch baseball in October, threads like this are the reason I click on my GLP bookmark!

Keep up the good posts, and prepare for more and more and more inflation like a noose tightening around our necks.
 Quoting: Anonymous Coward 3651957


hf
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Janebroom
Killer Bunny mockingjay
Punk-A$$ets

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11/01/2011 09:46 PM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
IMO QE is coming, the likes of which yet to be seen. Find a way to siphon some into your coffers. The QE will create another temporary boom just as the other bailouts and QE II did.
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Anonymous Coward
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11/01/2011 09:47 PM
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
IMO QE is coming, the likes of which yet to be seen. Find a way to siphon some into your coffers. The QE will create another temporary boom just as the other bailouts and QE II did.
 Quoting: Punk-A$$ets


Right as always Punk-a$$
Jane SmithModerator (OP)
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11/01/2011 09:50 PM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
IMO QE is coming, the likes of which yet to be seen. Find a way to siphon some into your coffers. The QE will create another temporary boom just as the other bailouts and QE II did.
 Quoting: Punk-A$$ets


Right as always Punk-a$$
 Quoting: Anonymous Coward 1315838


If you are right, prepare to move into high-hyper inflation. Yes, grab PMs but also make sure you are covered on food & other necessities.

This is going to be a painful mess for those who have not looked ahead & prepared.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Janebroom
Killer Bunny mockingjay
XP...

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11/01/2011 09:52 PM
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
Grab as much $$$ as possible and prep your asses off... It is gonna be a lot quicker than people think.. MF Global was not in the plan and it is pushing the first domino within centimeters of the topple point... Before I thought we had 24-36 months now I think 8 months max.... Just my opinion...
"The world will not be destroyed by evil, it will be destroyed by the ones who do nothing to stop the evil."
"Lead or follow just get the hell out of my way!"
XP...
^TeChNoXiC^™

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11/01/2011 09:53 PM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
Grab as much $$$ as possible and prep your asses off... It is gonna be a lot quicker than people think.. MF Global was not in the plan and it is pushing the first domino within centimeters of the topple point... Before I thought we had 24-36 months now I think 8 months max.... Just my opinion...
 Quoting: XP...


XP, I was thinking the exact same.
Keep fighting the good fight - It's right in front of us...

-TeCh®
Jane SmithModerator (OP)
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11/01/2011 09:56 PM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
Grab as much $$$ as possible and prep your asses off... It is gonna be a lot quicker than people think.. MF Global was not in the plan and it is pushing the first domino within centimeters of the topple point... Before I thought we had 24-36 months now I think 8 months max.... Just my opinion...
 Quoting: XP...


Agree. beside best to err on the side of safety. What is the worst that could happen? You eat a lot of rice & beans? Not terrible conssequences in my book.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Janebroom
Killer Bunny mockingjay
Anonymous Coward
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11/01/2011 09:56 PM
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
From Zero hedge comments on "Fed trapped by inflation"

"Inflation, We don't care about no stink'n Inflation!" (spoken with a Mexican accent)

Inflation will not stop the Fed from Moving forward with QE3. Consider that as liquidity dries up, it will provide ample room for the Fed to print more. Inflation will fall as liquidity falls\plummets. Of course all that new printed money will end up in commodities, driving up food and energy costs. But the <sarcasm>Good news</sarcasm> Big screen TVs, and plastic pumkins will get cheaper!. Just what every cold and hungry american needs... Another big screen TV to escape their nightmare of hunger and frostbite!



That's good stuff
Anonymous Coward
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11/01/2011 10:03 PM
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
I don't think Bernanke could give a flying fuck anymore, he has all the money in the world. If he let it crash he would walk away scot fucking free anyway.
Maybe he's over it and this is his way out...
Jane SmithModerator (OP)
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11/01/2011 10:15 PM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
I have to put the kiddos to bed.

Carry on fearless GLP warriors!

Ninja Kitten
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Janebroom
Killer Bunny mockingjay
^TeChNoXiC^™

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11/01/2011 10:25 PM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
I have to put the kiddos to bed.

Carry on fearless GLP warriors!

Ninja Kitten
 Quoting: Jane Smith


Oh man, now the gloves are off...get ready! rockon
Keep fighting the good fight - It's right in front of us...

-TeCh®
WTF Paco

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11/01/2011 10:34 PM
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
Very good comment on the article.

MF, ONE OF NEW YORK FEDERAL RESERVE BANK PRIMARY DEALERS GOES BANKRUPT and then gets terminated as a Primary Dealer of the NY FED RES BANK. 700 MILLIONS OF MF CLIENT’S FUNDS ARE NOT IN THE CUSTOMER ACCOUNTS. HOW COME THE NY FED, the CFTC, the CME, the SEC, were unaware and ALLOWED THE COMMINGLING OF FUNDS TO HAPPEN? IF COMMINGLING OF FUNDS HAPPENS UNDER THE LEADERSHIP OF JON CORZINE a man with impeccable credentials (Goldman Sachs co-Chair, US Senator, NJ Governor) and contacts in the Federal Reserve Bank, WHAT CAN WE EXPECT OF THE OTHER PRIMARY DEALERS (eg. Goldman, JPMorgan, Merril Lynch, etc.) OF THE NY FED RES BANK? LACK OF ENOUGH ACCOUNTABILITY AT ALL LEVELS AND EVERYWHERE AT THE FEDERAL RESERVE BANK??? DISGRACE, DISGRACE, AND MORE DISGRACE ON BEN BERNANKE AND THE FEDERAL RESERVE BANK. Is the ny fed res waiting for a too big to fail PRIMARY DEALER to go under and then BAIL THEM OUT? ALSO THE TOO BIG TO FAIL BANKS ARE MASKING BY MEANS OF NET NET accounting TRICKS THE HUGE EXPOSURE TO CDS ON EU’s SOVEREIGN DEBT. IS THE FEDERAL RESERVE ALSO BLIND TO THIS ISSUE?

Bailouts-No-More | Nov 1, 2011 05:35 PM ET:bump:
It's all about slim chances but a slim chance is better than none.
WTF Paco

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11/01/2011 10:39 PM
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
they drop the market, then drop the dollar, market goes back up because the dollar is worth less. Then they repeat cycle. They are dropping the dollar without you even noticing. Keeping market in same range people don't notice how bad its getting. When dollar is looking to bad drop the euro to prop the dollar up. Like many have said its all smokin mirrors. A head and shoulder pattern is forming with the dow. Looks like about another 1 1/2 to 2 years before the crash. But expect to see this cycle continue to destroy the dollar.
 Quoting: Anonymous Coward 4332109



What is a good warning sign that the crash is near....
It's all about slim chances but a slim chance is better than none.
WTF Paco

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11/01/2011 10:45 PM
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
They are letting it fall for one reason and one reason only.

So they can start QE3.See there is no political will for the FED to start it with inflation so high.They let things collapse a little,then step in with the "miracle" to prop up the markets.The "miracle" of course is the FED buying all the bad mortgage backed securities from the banks dollar per dollar.Making there banker friend rich while shifting the toxic waste to the US taxpayer via Fannie and Freddy.

In short get ready to take it up the ass as the banks unload a few trillion in toxic mortgage debt thanks to the fed to the US tax payer.

But not to worry.Should be a GREAT year end(if you are a banker).

Oh...this has to happen before the close of the quarter....otherwise the to big to fail banks will...well fail due to there toxic balance sheets.
 Quoting: Anonymous Coward 4119880


Do you think they would try to pull this in an election year when they know how ticked the voters already are? I guess the current administration has to choose between evils: Let it crash or go QE -- either approach ticks off the voters.

Too many people are awake to the dangers of this band aid approach. I guess we just have to wait until the end of the meeting tomorrow to see what type of language they put forward.

Thinking my thread is about 18 hours pre mature.
 Quoting: Jane Smith


Obama is already done.He knows this.Hell his campaign finance manager(the head of MF global)is getting ready to go to jail.The supreme court is actually going to hear a case on his citizenship.

At this point he will do what ever he can to walk away VERY rich.The FED is done as well.Less than 2 years left in the charter.So they are going to do what ever it takes to help the bankers now,so they can buy an island to retire on in a few years.

Things are about to make an epic shift.We live in an amazing time.
 Quoting: Anonymous Coward 4119880


clappa
It's all about slim chances but a slim chance is better than none.
WTF Paco

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11/01/2011 10:56 PM
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
As I understand it, Freddie and Fannie May will be stuck with all these toxic mortgages? ie., the US taxpayer.

What has happened to the mortgage mill/fraudulent mortgage docs/ several of the big banks did? What about the clouded titles to the properties and that the banks couldn't find the original docs or the docs were forged and not recorded?

What is going to happen to all these mortgages?
 Quoting: Old Coot


In short that is what the banks hope to kill with the multi state settlement.They pay a 5% fine,and it is "over" like it never happened.All titles made valid ect.

Just your elected officials looking out for you(plus they need campaign money...and well the banks are paying VERY well).

[link to www.gobankingrates.com]
 Quoting: Anonymous Coward 4119880


Dude, this needs it own thread...rockon
It's all about slim chances but a slim chance is better than none.
Anonymous Coward
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11/01/2011 10:57 PM
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
I guess the question is when will Benny fire his bullet and who will he fire it to save?

Does he fire it now to mitigate the EU implosion or wait for the implosion to happen & then fire it to keep his homeland above water?
 Quoting: Jane Smith


He is just a puppet......and will follow the orders given to him.
WTF Paco

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11/01/2011 11:19 PM
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
None of you get it............do you you ?

The question was "Uncle Bernie Not Fixing the Markets This time. Is the Fed Ready to Let it Crash??"

I read through every post here and not one person mentioned that the FED has "no choice" but to fix the markets.

Why ?

Because the U.S. Dollar is the "Worlds Reserve Currency" and intern "is" the "Petrodollar" 99% of americans have no clue that these two "gifts" bestow the American dollar.


Understand that the dollar is the defacto “Reserve currency – Petrodollar” that the world uses to transact business. As that dollar becomes more encumbered with "leverage" it's ability to be a store of value has less conviction and faith. The "only" value that a fiat paper currency can retain "is" that conviction and faith.
Also the demand for dollars in the reserve currency stature gives it it's strength. If no one needs it the Dollar is worthless.

So, let's look at the reason all faith will be lost in that currency at some point in the future. Since the creation of the FED in 1913 the currency (Dollar) value has been controlled through inflation/deflation. In 1944 the U.S. Dollar through the Brenton Woods agreement was granted “exclusive reserve currency status”.(that status meant that any country wanting to buy oil, food or commodities would have to buy dollars “first” and then they could go into the world market to make their purchase “on” the world market (with those reserve currency notes)That means they cannot purchase commodities "In their own currency" also it meant that "If" any country lost faith or trust (through debasement or any other reason) in that currency they could go to "any" central bank in the world and trade that paper currency (dollar) for physical Gold of equal weight value.
(Good as Gold)
In 1971 Nixon suspended Brenton Woods and took us off the Gold Standard telling other nations that they could not "now" exchange the dollar for Gold as previously promised, but it retained it's status as the worlds reserve currency.

Here is the key to it's downfall:

The U.S. dollar (debt) from 1971 through around 1995 was able to be removed from a balance sheet with little implication through accounting techniques claiming (debt) as a loss and could be written off and that was the end of it.

Here (around 1995) comes Blythe Masters from JP morgan and she creates what is called a "Credit Default Swap" This is essentially an insurance policy on a default to pay back a debt or loan. So, lets say for shins and giggles Greece is lent 1 trillion dollars by another country. They promise to pay that money back at a set interest rate over time. The CDS (Credit Default Swap) enables financial institutions to purchase a put (Default insurance or a bet against the underlying asset (loaned debt) never being paid back). This would be OK if only "ONE PUT" was taken out against the chance of that debt not being paid back. The problem "of the whole planet situation right now" is that this debt can be "leveraged" by 100 "PUTS" or in laymens terms (for each dollar that was lent to Greece there are $100 betting against "each" one of the dollars lent, that it will default and not be paid back) So, now you have 100 Trillion Dollars leveraged against the default of a 1 Trillion dollar loan. So, now Greece cannot payback the loan (debt) triggering the CDS and now everyone that bought a "PUT" want's to get paid on their bet. The next problem is that those financial institutions that sold those "PUTS" are only required to have a 6% reserve (Money held in escrow to pay claims) So, in reality those institutions only have .06 cents per dollar to pay those claims and not the “whole” dollar "required or needed" to pay those claims.

This is why all of these bailouts are created so "NO ONE" is allowed to fail "Triggering" these Credit Default Swaps. The original debt is maintained through interest payments from "newly created" debt (bailouts) because the money to pay those (Claims) does not exist.........Yet.
So, you say why can't they just unwind them.
Answer, is that you can't because everyone that purchased these "PUTS" – “CDO’s” wants’ to get paid because they are classified as an asset on "their" balance sheets. Also the fact that the people that wrote these derivatives were only required to have a 6% reserve to pay a claim. ( they only needed .06 cents per dollar to cover the full (dollar) value of claims) So you see the money does not even exist....yet to pay these claims if the CDS's are triggered.

There are 1.5 Quadrillion of "known" CDS's that have been sold. The un-known amount is still a secret. That’s 1,500 Trillion……………

So you can see that the FED will do what ever is necessary to keep the "World Reserve Currency Status" / "Petrodollar"
Because it controls all the worlds financial markets.

No Dollar = No control

So the answer is "YES" they will rescue it and not let it crash. Or the U.S. is "DONE" as we know it.
 Quoting: Anonymous Coward 1315838

Thank you for explaining CDS in simple terms. That is the best I have ever read.

So, the Fed's only two options are hyperinflation or collapse. Neither is a pleasant scenario for the taxpayer or the regular citizen.

The problem I see is will the American people be willing to suck up a rescue that will lead to hyperinflation & the leveraging of our great grandchildren's future? Or will we demand letting the system collapse; thus, suffering in our lifetimes the pain of rebuilding?

With what you are saying I am inferring that our future appears contingent upon the outcome of the Greek, and more so, the EU, mess. Interesting & frightening that the "David" in the form of Greece will take down the "Goliath" that is the EU & US.

It is both an interesting & a frightening time to be alive.
 Quoting: Jane Smith


Now you "Got it" !

Glad I could help.

Good luck to us all !
 Quoting: Anonymous Coward 1315838

rockon
It's all about slim chances but a slim chance is better than none.
WTF Paco

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11/02/2011 09:35 AM
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
bump

for good info.
It's all about slim chances but a slim chance is better than none.
Jane SmithModerator (OP)
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11/02/2011 09:41 AM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
bump

for good info.
 Quoting: WTF Paco


Thanks.

Now we wait to see what actually comes from the FED meeting today. The markets are opening up due to hope something positive will emerge from the meeting.

If there is not something amazing, the ongoing drmas in Europe will take it back down. Europe may take it back down even if the FED performs a miracle.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Janebroom
Killer Bunny mockingjay
MaxMad

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11/02/2011 09:43 AM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
IMO QE is coming, the likes of which yet to be seen. Find a way to siphon some into your coffers. The QE will create another temporary boom just as the other bailouts and QE II did.
 Quoting: Punk-A$$ets


UNLESS, they want it all to collapse now... I just pray it collapses in the spring or summer... But it could go before the Holidays... Dont count on Uncle Ben to continue to bail out the world...just sayin..
Jane SmithModerator (OP)
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
IMO QE is coming, the likes of which yet to be seen. Find a way to siphon some into your coffers. The QE will create another temporary boom just as the other bailouts and QE II did.
 Quoting: Punk-A$$ets


UNLESS, they want it all to collapse now... I just pray it collapses in the spring or summer... But it could go before the Holidays... Dont count on Uncle Ben to continue to bail out the world...just sayin..
 Quoting: MaxMad


I hope it is winter if/when it happens. I feel I can better defend my family then; downside is my garden will not be producing.

Why do you think summer is better? Curious if there is something I may not have thought of, but should have.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Janebroom
Killer Bunny mockingjay
Jane SmithModerator (OP)
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
Market opens higher this morning (2 Nov 2011) on hopes the FED will perform a miracle to negate the EU slippage & jump start the stagnant US economy. Will it work??



:Bernie:
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Janebroom
Killer Bunny mockingjay
MaxMad

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11/02/2011 09:52 AM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
IMO QE is coming, the likes of which yet to be seen. Find a way to siphon some into your coffers. The QE will create another temporary boom just as the other bailouts and QE II did.
 Quoting: Punk-A$$ets


UNLESS, they want it all to collapse now... I just pray it collapses in the spring or summer... But it could go before the Holidays... Dont count on Uncle Ben to continue to bail out the world...just sayin..
 Quoting: MaxMad


I hope it is winter if/when it happens. I feel I can better defend my family then; downside is my garden will not be producing.

Why do you think summer is better? Curious if there is something I may not have thought of, but should have.
 Quoting: Jane Smith


In addition to having hardly no garden to produce... Most people will die if the power goes out and they can't heat their home.... The settlers knew how to stay warm... Today most people would struggle...
Anonymous Coward
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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
'And then these dictators will promise the fruits of the world, yet they won't receive.'
Punk-A$$ets

User ID: 4082169
United States
11/02/2011 09:56 AM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
There will be QE. There isnt any question about it in my mind. Why would the govt crash the system? That doesnt even make any sense to me. Perhaps it takes a real doomer to think that way?
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Revbo™
Pook Snabber

User ID: 4487275
United States
11/02/2011 09:59 AM

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Re: Will Uncle Benny Fix the Markets Today? Or Are We Trading Up On A Hope & A Prayer?
Market opens higher this morning (2 Nov 2011) on hopes the FED will perform a miracle to negate the EU slippage & jump start the stagnant US economy. Will it work??



:Bernie:
 Quoting: Jane Smith


Is that a headline? If so, OMG! Markets Higher On Hopes of a Miracle? WTF?!

I put about as much faith in the miracle-based economy as I do in the rumor-based economy.

Last Edited by Revbo™ on 11/02/2011 10:02 AM
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.

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