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Old 02-26-2011, 11:51 AM   #1
Barefootsies
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:2cents Market Crash 2011: It will hit by Christmas

Buckle your seatbelt Dorothy....

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SAN LUIS OBISPO, Calif. (MarketWatch) — Politicians lie. Bankers lie. Yes, they’re liars. But they’re not bad, it’s in their genes, inherited. Their brains are wired that way, warn scientists. Like addicts, they can’t help themselves. They want to sell stuff, get rich.

We want to believe they’re telling us the truth. Silly, huh? Both trapped in this eternal “dance of death” controlled by programs hidden deep in our brains, telling us what to do, telling us to ignore facts to the contrary — till it’s too late, till a new crisis crushes all of us.

Psychology offers us a powerful lesson: Our collective brain is destined to trigger a crash before Christmas 2011. Why? We’re gullible, keep searching for a truth-teller in a world of liars. And they’re so clever, we let them manipulate us into acting against our best interests.

In fact, behavioral science tells us that bankers and politicians are lying to us 93% of the time. It’s 13 times more likely Wall Street is telling you a lie than the truth. That’s why they win. Why we lose. Because our brains are preprogrammed to cooperate in their con game. Yes, we believe most of their lies.

One of America’s leading behavioral finance gurus, University of Chicago Prof. Richard Thaler, explains: “Think of the human brain as a personal computer with a very slow processor and a memory system that is small and unreliable.” Thaler even admits: “The PC I carry between my ears has more disk failures than I care to think about.” Easy to manipulate.

Eternal love story: Your brain’s in love with Wall Street’s brain

Thaler’s a quant, speaks mostly in cryptic algorithmics. So if you really want to know how Wall Street’s con game works on you, Barry Ritholtz, the financial genius behind “Bailout Nation,” recently summarized it in the Washington Post: “Humans make all the same mistakes, over and over again. It’s how we are wired, the net result of evolution. That flight-or-fight response might have helped your ancestors deal with hungry saber-toothed tigers and territorial Cro Magnons, but it drives investors to make costly emotional decisions.”

Humans have something “akin to brain damage,” says Ritholtz. “To neurophysiologists, who research cognitive functions, the emotionally driven appear to suffer from cognitive deficits that mimic certain types of brain injuries. … Anyone with an intense emotional interest in a subject loses the ability to observe it objectively: You selectively perceive events. You ignore data and facts that disagree with your main philosophy. Even your memory works to fool you, as you selectively retain what you believe in, and subtly mask any memories that might conflict.”

Worse, there’s no cure.

Your brain needs to believe lies; Wall Street loves telling lies

Examples: USA Today headline: “Average Bull is 3.8 years: We’re not at 2 yet.” More upside. Wall Street loves it. The Wall Street Journal: “Stock recovery in high gear … S&P500 now speeding toward its next landmark,” double its March 2009 bottom.

Other lies: Inflation and rate rises won’t push China and America over the edge into a new bear recession. That one’s real popular in Wall Street’s echo chamber. Wall Street also cheers every time cable pundits and journalists repeat their favorite statistic: That stocks rally in the third year of a presidency, often more than 20%. Yes, Wall Street loves those 93% lies.

Biggest lie? Wharton’s perennial bull, Jeremy Siegel, of “Stocks for the Long Run” fame, recently told a TD Ameritrade Institutional Conference, “There’s nothing but upside to come …the next several years are going to be good for stocks.”

Yes, one of Wall Street’s favorite co-conspirators is hypnotizing thousands of our best money managers and advisers into believing the lie that this bull market will roar indefinitely. Worse, they’ll use that message to sell naive investors on buying whatever junk Wall Street is selling.

Get the picture? A little conspiracy begins in your head, a conspiracy between your gullible brain and Wall Street’s con men selling hype, hoopla and happy-talk. Listen and you’ll lose.
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Old 02-26-2011, 11:53 AM   #2
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Print more money, keep the ship floating! LOL
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Old 02-26-2011, 12:01 PM   #3
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Print more money, keep the ship floating! LOL
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Enough Said.

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Old 02-26-2011, 12:04 PM   #4
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You have to be crazy not to see that the printing presses propped this market up. You still have to play the momentum if you are a trader. If you have tried to go all in short you got run over and may continue to do so.

I have been adding to short positions (that I am holding) on big pops and trading the momentum plays long nimbly.
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Old 02-26-2011, 12:19 PM   #5
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Money flow keeps all markets in the world from crashing. From wall street, a bank, to your own business and back pocket. The minute the cash flow stops moving around, no mater who you are, personal or gov - you're doomed to go bankrupt or at least fall a huge amount.

Any crash could be stopped by simply giving corps a huge tax cut on capitol gains taxes for investments. That's trillions sitting still doing nothing right now. The eco would fire turn around and markets would take off shortly after they started, and it would turn a lot of problems around in general, like job markets.
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Old 02-26-2011, 12:22 PM   #6
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food prices up...






just sayin.
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Old 02-26-2011, 01:55 PM   #7
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the only way for the US to cover all the spending over the last few years is inflation
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Old 02-26-2011, 02:04 PM   #8
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it's interesting what will happen after government will stop buying bonds in the summer... until then I don't see it crashing that bad, maybe a pull bad
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Old 02-26-2011, 02:20 PM   #9
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don't they keep saying it will happen on x day and then never does so it gets put off again and again?
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Old 02-26-2011, 02:32 PM   #10
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no worries, the market will crash in late 2011 and the world will end late 2012, so it's all good
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Old 02-26-2011, 03:24 PM   #11
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no worries, the market will crash in late 2011 and the world will end late 2012, so it's all good
and GOOD it is
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Old 02-26-2011, 03:52 PM   #12
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The people behind the UN i.e. Bankers and Elite, are engineering a food crisis. Their plans for their world coup are available online, the Club of Rome is their think tank, their documents are available which show them discussing techniques for a world coup. One of the key techniques is famine, then the UN come out dressed as Super Heros to manage the allocation of food. Controlling the world food supply makes you even more powerful than controlling the supply of oil; once you control the food supply you control the world. It's important for the UN that people never realize this was all carefully planned so as they look like the heros and people accept them as the world government.

"We are grateful to The Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national autodetermination practiced in past centuries." David Rockefeller, founder of the Trilateral Commission, in an address to a meeting of The Trilateral Commission, in June, 1991.
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Old 02-26-2011, 06:40 PM   #13
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I stoped reading at "warn scientists. " on the second line.

Are these the same scientist that are warning about global warming, now renamed to "climate change"?

It seems lying is also in the genes of the scientists.
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Old 02-26-2011, 06:47 PM   #14
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Awesome if true ...
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Old 02-26-2011, 09:57 PM   #15
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food prices up...






just sayin.
Because of Global Warming/Climate Change/Climate Disruption/Bullshit:

http://www.google.com/search?q=food+...ient=firefox-a
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Old 02-26-2011, 10:37 PM   #16
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"While I agree the market seems more than a bit giddy here, I can't help but feel this article speaks of someone who simply missed this huge move and now wants to use this platform to talk it down to make himself feel better. No use crying over missed opportunity. "
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Old 02-26-2011, 10:39 PM   #17
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Old 02-27-2011, 04:08 AM   #18
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Old 02-27-2011, 04:52 AM   #19
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our family has hundreds of acres of rice fields. we'll be fine :P
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Old 02-27-2011, 05:51 AM   #20
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Black swans are coming...
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Old 02-27-2011, 08:13 AM   #21
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Originally Posted by Furious_Male View Post
You have to be crazy not to see that the printing presses propped this market up. You still have to play the momentum if you are a trader. If you have tried to go all in short you got run over and may continue to do so.

I have been adding to short positions (that I am holding) on big pops and trading the momentum plays long nimbly.
Yes and no. The majority of the reasons the market has been up this year is because of Quantitative easing. However, companies have also purposely underreported their quarterly earnings so people keep buying into their bullshit. I'm one of them as well because while I acknowledge our economy WILL crash, it's important to play the game while it exists. I've also increased my holdings of silver to 20% of my portfolio and I suggest everybody do the same.
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Old 02-27-2011, 08:51 AM   #22
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Old 02-27-2011, 09:41 AM   #23
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I stoped reading at "warn scientists. " on the second line.

Are these the same scientist that are warning about global warming, now renamed to "climate change"?

It seems lying is also in the genes of the scientists.
This is another part of the UN world coup strategy. As stated in the Club of Rome documents they would use the climate as a way to unite the nations i.e. justifying putting taxes in place which will then be used for the world government. Every government needs taxes, if the people knew that they were taxes for a world goverment they would never accept it, instead they pretend they are coming to save you.

Lord Monckton Climate Change very well https://youtube.com/watch?v=bKrw6...eature=related
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Old 02-27-2011, 09:56 AM   #24
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Black swans are coming...
Smart Bob U
Not for all do things come as a total surprise
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