The Fiscal Cliff

[Innordinate]

Mark: The Elevator company is bound to go up eventually!

And so it is. P, when are you going to sell you BPZ resources? I keep watching that on your portfolio. I would have sold out by now! lol. How you can hang on to stock so long.... beats me.

 

[piratelady]

Lol Mark. I actually plan to hold BPZ for a while. I think it has potential. LPH on the other hand, I want to dump. I just hate to take a loss on it.

There are a few others I'm debating selling, but I can't decide, I just don't want to be too greedy and then get burned.

 

[anthony]

I'm currently reviewing a lot of stocks for a longevity portfolio after the fiscal cliff. I'm just amused at the nonsense from the financial markets, having two days in a row of near +100 on the Dow Jones, citing their usual BS about how politicians are coming together in their talks, and may avoid it, blah blah blah.

No... what they're doing is elevating the market and over-inflating it just prior to try and put some confidence out to investors. Regardless what they do, they cannot avoid what is going to happen when the politicians agree to raise the debt ceiling again for the US treasury. That one act alone has major implications on investments.... it screams the US cannot pay their debt and need a ceiling above their assets, which automatically puts markets into the shit.

If they don't raise the debt ceiling, the same still happens, the US will obtain another downgraded credit rating for the inability to repay foreign debt... in other words, spending more than they earn or own, and the markets still crash.

Whilst you could say, screwed if you do, screwed if you don't, the latter is actually the lesser of the being screwed, especially if an agreement is made that comes up with real world, workable and implementable solutions to reduce the foreign debt significantly over the next decade. That still mean the US economy is going into recession, but it will recover quickly and not be impacted as bad compared to having its credit rating downgraded again.

Basically... NYC as the hub of the worlds financial economy, will simply begin to shift off-shore to London or China, and America will fade away due to spending more than it makes.

Even A & A+ stock is in limbo at the moment, and mostly tapering for the fall. Investors are scared, with good reason. Either outcome will have the markets falling, regardless of the last ditch effort from economics geeks trying to hold face. The US economy is in the shit and needs serious action, which unfortunately means consequences to those actions... which is the financial markets.

I hate how they pull this crap every time just before a pending crash.

 

[anthony]

And so it begins... the DOW closed down nearly 100 points today. I will go for down 50 - 100 tomorrow.

 

[anthony]

[DLMURL]http://www.nbcnews.com/business/wall-street-falls-fiscal-cliff-talks-turn-sour-1C7659303[/DLMURL]

They come up with this crap like it wasn't already a given. Like... Durr!

 

[Rumors]

Interestingly enough, Anthony, if you go online and look at all of the good gun manufacturers and ammo places, they are all sold out. There is a waiting list now for an AR15. Wonder what stocks in those companies are doing? I haven't had time to look at much this week. All of this in anticipation that the government will ban certain weaponry.

The fiscal cliff is a joke! Which ever way it is decided, the market will have an adverse reaction bc the media will make it into doomsday no matter which side gets what. Perception is 99% of the market. It should be interesting. I, however, won't be following as it just makes me mad. I am going to sit on the beach the day after Christmas for a week with my son and let wiser minds figure that out!

 

[Dallas]

(Jericho 5)

...wait...Jericho 5? :stop: What is that?

(sorry to stray off topic but that caught my eye)

Sincerely,
Dallas.

 

[anthony]

Wonder what stocks in those companies are doing?

See: [DLMURL]https://www.ptsdforum.org/c/threads/stock-watch.29934/#post-482749[/DLMURL]

Then I called it about right in mentality of 'give a shit' towards exactly what you eluded with guns being in high demand, all stocks back up: [DLMURL]https://www.ptsdforum.org/c/threads/stock-watch.29934/#post-483428[/DLMURL]

I am going to sit on the beach the day after Christmas for a week with my son and let wiser minds figure that out!

Yep... will also be on holidays enjoying time with my lovely wife.

 

[anthony]

Mmmmm... a very flat DOW today, flat overall markets. I must say, economists are good at trying to keep things positive during a very negative situation.

 

[anthony]

We're all soooooo screwed:

[DLMURL]http://www.chicagotribune.com/business/sns-rt-us-usa-fiscal-votebre8bj1fh-20121220,0,5368257.story[/DLMURL]

The U.S. House of Representatives on Thursday narrowly passed a bill to cut domestic spending while protecting defense programs from a similar fate next year.​

​

The measure, which Republicans said they crafted as a back-up plan in case broader "fiscal cliff" negotiations with President Barack Obama fail, will die in the Senate, according to Senate Majority Leader Harry Reid, a Democrat.​

​

The bill passed 215 to 209.​

​

The bill was one of two bills the House was set to vote on, which are being referred to as "Plan B" to averting the fiscal cliff.​

​

Later on Thursday, the House is scheduled to vote on the second Republican "fiscal cliff" bill that would raise taxes on families with net incomes over $1 million annually while extending other tax breaks. The White House has said Obama would veto that bill.​

This is all just nonsense. One party is creating and passing things in the house they have power, which is going to get canned in the Senate, and then vice versa the other way.

 

[Deleted member 12723]

Like lemmings all following each other over the fiscal cliff. I fear for our country.

 

[Dallas]

I just fell. I'm hoping God will catch me....