Tuesday, March 5, 2013

Fox: Dow Smashes All-Time High

And the economy is perky! Very very perky!

Meanwhile, on my way home from work I caught a couple of minutes of Hannity on the radio. He phoned his broker today and is exiting the stock market as fast as he can. He publicly advised his listeners to do the same.

The crash cometh.


8 comments:

  1. It's not that stocks are going up.

    It's that cash is going down.

    I'm being completely serious, here.

    The "crash" may be in cash, not stocks.

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    Replies
    1. My brain is trying to process that. Are you saying that the paper that stocks are printed on is worth more than the paper that cash is printed on?

      If cash crashes, and stocks blast through 15,000, how many shares of Microsoft will it take to buy a gallon of milk?

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  2. We had an immigration applicant at one of our windows yesterday who was employed by Bank of America. One of my colleagues joked that we should deny him as Public Charge....

    ...btw, SWEET image of the old Santa Ana Register (now the Orange County Register).

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  3. Saw this related story yesterday:

    Rats Desert Ship The Helped To Sink!

    Warren Buffett, John Paulson and the eternally evil George Soros have all sold off millions of shares of their holding in 'dyed-in-the-wool' American companies.

    'It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.

    One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book Aftershock.'

    Maybe the sky IS falling after all?

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  4. Sigh, 'the' is 'they' in the link above

    ReplyDelete