Keep An Eye Open

[6933]

Grew up with father teaching me stocks, bonds, and markets in general. Working on Accounting degree with Finance minor. Already have degree, been in real world. Back for Acct. degree to go out on own as CFP.

All this is background to lend some insight into way of thinking.

EU "debt committee" failed to reach any decisions on solving issues. Have decided to punt until 10 days from now until EU leaders meet to grapple with same.

If meeting comes off with no consensus plan to stop probs., could trigger market upheavals. May be minor, could run out of control. I have no clue what will happen.

All I can say is that there is some probability of a major issue. The main point I am making is that every so often there are moments that are discernible to those with eyes open when a problem may develop. I think the meeting is one of those times. I am not saying the sky is falling or is imminently going to do so. I just think think a meeting that ends with no action could trigger issues in the global financial markets that have a small probability of causing a massive shitstorm.

Keep your eyes open and Have A Plan!

If you hear the markets are tanking, leave work, get all the $ out of the bank, and hit the markets before prices skyrocket and items become scarce. Cash can always be re-deposited, but $ in the bank is no good if the bank doesn't open for whatever reason.

Once again, I am not saying a shitstorm is for sure or even probable. I just think this is one of those rare times when a possible trigger is there for all to see.

[QuietShootr]

Wide awake.

[Dave L.]

deleted.

[Belmont31R]

The west is imploding because eventually you run out of other people's money to spend on ever increasing socialist policies, and when you run out of money to spend & no one else has any to lend anymore you print it. When you print it the value goes down, and eventually people need a wheelbarrow to buy a loaf of bread.



Do a google image search for german inflation or weimar inflation. Kids playing with with stacks of money higher than they are, money being swept around with a broom, people with wheelbarrows stacked up with money.

[Nathan_Bell]

Not just the west. Look at China's real estate and demographic bombs.
They have been stealing OTM internally since they went Commie. Now that they have a significant impact on the world economy their chickens coming home to roost will impact everyone.

The west is imploding because eventually you run out of other people's money to spend on ever increasing socialist policies, and when you run out of money to spend & no one else has any to lend anymore you print it. When you print it the value goes down, and eventually people need a wheelbarrow to buy a loaf of bread.



Do a google image search for german inflation or weimar inflation. Kids playing with with stacks of money higher than they are, money being swept around with a broom, people with wheelbarrows stacked up with money.

[Blstr88]

Dows up 400+ points so far today, just about back to 12,000.

I dont get how that can happen with all this bad news, WHO is putting money into the stock market right now to have that big of an effect in just one day?

[Dave L.]

deleted.

[VooDoo6Actual]

Eyes wide open....

http://endoftheamericandream.com/arc...a-giant-prison

[Irish]

If you hear the markets are tanking, leave work, get all the $ out of the bank, and hit the markets before prices skyrocket and items become scarce. Cash can always be re-deposited, but $ in the bank is no good if the bank doesn't open for whatever reason.

Good advice but I'd push concerned people to take any spare money and stock up on food and any sort of other prep items they may need now. Amongst the reasons for that are inflation, your money's being devalued by the day, and the fact that prices are rising on everything, especially food, at alarming rates. World food prices have risen 37% this year alone.

Corn futures advanced 77 percent in the past 12 months in Chicago trading, a global benchmark, rice gained 39 percent and sugar jumped 64 percent. There will be shortages in corn, wheat, soybeans, coffee and cocoa this year or next, according to Utrecht, Netherlands-based Rabobank Groep. Prices also rose after droughts and floods from Australia to Canada ruined crops last year. European farmers are now contending with their driest growing season in more than three decades.

As another example, an article from June... http://www.cnbc.com/id/43498072

While gasoline is off more than 5 percent over the last month, prices for coffee, fruit, bacon, pasta and a slew of other food items have registered gains over the past year as high as 40 percent.

Just in April—the most recent month for which data is available—grapes went up nearly 30 percent, cabbage jumped about 17 percent and orange juice surged more than 5 percent...

Coffee, for instance, is up 40 percent. Celery is 28 percent higher while butter prices rose 26.4 percent. Rounding out the top five are bacon, at 23.5 percent, and cabbage, at 23.3 percent.

April 2011, meanwhile, was a bad month for fruit prices as well. Joining grapes as big gainers in the fruit aisle was grapefruit, which rose 15 percent. While cabbage led the vegetables, broccoli rose 2.5 percent in the month and about 12 percent for the past year. Smoked ham was 7 percent higher and potatoes jumped 6.1 percent.

You can purchase more today with your $100 than you can tomorrow. As long as the items or products you're buying don't have a short shelf life you're doing yourself a favor by buying today rather than tomorrow. Good thread.

[6933]

Irish- We are on the same wavelength. If, a big if, we have a financial shitstorm, for those of us with eyes open and listening, we will know to grab our cash and hit the stores ASAP. What I could buy for X amt. of cash will not be able to be had maybe even hours later at the same prices. In other words, we could have Weimar Germany unfold quickly and those that also move quickly will be able to put their $ to best usage.

As far as market swings of hundreds of points, 15 yrs. ago it was way outside the norm. Today it is simply no big deal. The increase in the Dow has meant that a swing of 400 percentage wise is not that large. Some of the trading volume is driven through electronic trades which also has a normal day-to-day impact on trading ranges that was not possible 15-20yrs. ago.