Author Topic: Sense of crisis haunts trading floors  (Read 598 times)

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Offline Matthew

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Sense of crisis haunts trading floors
« on: March 07, 2008, 06:41:17 PM »
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  • Start your Amazon.com session by clicking this link, and my family and I get a commission on your purchase!

    Offline gladius_veritatis

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    Sense of crisis haunts trading floors
    « Reply #1 on: March 07, 2008, 07:44:39 PM »
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  • If you look at other markets internationally, many are down considerably more than the DOW this year.  What shall they do when the DOW really starts dropping?
    + Vincit veritas +


    Offline Matthew

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    Sense of crisis haunts trading floors
    « Reply #2 on: March 07, 2008, 11:26:30 PM »
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  • The DOW isn't even the whole economy. It's only 30 stocks.

    The DOW is down 10.3% just since 2008 began.  But the NASDAQ (tech stocks) is down 16.6%, and the much broader market (S&P 500) is down 11.9% for the year.

    The funny thing is, gold has gone up about 43% in the last 6 months. Seriously, only 6 MONTHS AGO gold was $680 an ounce. Now it's $973. Do the math!

    To any newcomers to Cathinfo that might be reading this: You can look at previous posts (Greater Depression subforum in particular) where I recommended -- again and again -- that people ditch the stock market and buy gold/silver. And that was when it was in the 600's.

    Long story short, I was right!  But I had to be. It's not a big deal for me to be right about this. If someone throws a brick in the air, am I conceited because I confidently predict that it will fall back to the earth? Not really! Likewise with my prediction about gold in a fiat-currency system.

    Matthew

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    Offline gladius_veritatis

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    Sense of crisis haunts trading floors
    « Reply #3 on: March 08, 2008, 02:01:43 PM »
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  • Silver has gone up almost 40% just this year.  Platinum has gone up over 40% in 2008.

    BUY SILVER - NOW.
    + Vincit veritas +

    Offline marasmius

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    Sense of crisis haunts trading floors
    « Reply #4 on: March 08, 2008, 02:46:27 PM »
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  • Quote from: gladius_veritatis
    Silver has gone up almost 40% just this year.  Platinum has gone up over 40% in 2008.

    BUY SILVER - NOW.


    Another reason for the Pope to keep that silver menorah he will be given when he visits the USA in April.

       



     

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