This page has been archived and commenting is disabled.
Wondering "Why You’re Still Poor As Dow Flirts With 17,000" - Marketwatch Explains
It really doesn't get any more ridiculous than Marketwatch's question du jour. As for the right answer, is it:
i) because you haven't taken out a fourth mortgage on your house and bought GoPro with the proceeds
ii) because you forgot that in a market as rigged and manipulated as this one, only BTFD and BTFATH matters
iii) because hard as you try, you still can't pay your monthly rent in "confidence" terms
iv) because after losing it all on Madoff, you are wary of Ponzi schemes
v) because your name isn't Jamie Dimon
vi) all of the above
Lest someone is confused about the context, Marketwatch also helpfully explains:
Congratulations Fed: you can add "financial journalism" to "market" and all the other items you have made a mockery of.
»
- 39292 reads
- Printer-friendly version
- Send to friend
- advertisements -
18,000 Next. Yawn
Cuz I bought silver....
Meee tooo bro... Me too
Carly Simon - You're So Vain (with lyrics)
http://www.youtube.com/watch?v=b6UAYGxiRwU (4:16)
Belgium paid several hundred billion to ensure they win today. Ijs.
The middle class was great while it lasted. Built by surpluses generated from productivity gains via industrial revolution and oil.
Today no more.
Peter Schiff: The American Middle Class is Vanishinghttp://www.planbeconomics.com/2013/07/peter-schiff-american-middle-class...
http://en.wikipedia.org/wiki/Global_Country_of_World_Peace#Currency
all the smart money has moved into raams
use them in the netherlands for things you might want to purchase in the netherlands
meditate on *that*
I feel poor because beef prices are through the roof and quality is down the toilet.
Where's the beef is my beef.
Those banksters can't print food and food price inflation will be the endgame of this racket.
http://qz.com/223742/there-is-a-secret-ingredient-in-your-burgers-wood-p...
Why am I poor?
Minimum wage in 1964 was $1.25/hr. Five silver quarters. A little over $18 in value today. In 1964 those five silver quarters bought the same amount of goods that 18 pieces of green federal reserve toilet paper buy today.
That might have something to do with why we are poor.
why the Fuck did they remove the Silver from our coins anyway? as CHEAP as it is! LOL!!!!!
Breaking news: silver cures throat cancer.
Errrmmm, because if they had left the silver in the coins people might have noticed that the 2014 hourly minimum wage was one silver quarter and two copper pennies.
$0.27/hour, Bitchez!
Oh, hey ... they did that wood pulp in food thing during the siege of Leningrad ...
Long on wood pulp and linseed oil bread!
"Blessed are the poor, for they shall inherit the earth."
Well, at least we get something. Some free KY Lube would be nice too.
We'll inherit the earth alright ... in six by three foot plots.
I WOKE UP THE WHOLE HOUSE LAUGHING SO LOUD AT THIS SHIT ....
Fuck that,Im not eating wood pulp!!!!
Ill eat banksters...
One metric ton of dead banksters can also be converted, via heat depolymerization, into 80 gallons of Soylent Diesel.
I went to the grocery store today because there's a two-for-one sale on ribeyes. I didn't know it was $16 a pound. $16 fortwo steaks
I passed on the deal.
Find your local 4H and buy the beef they raise....win/win
An educated middle class is enemy #1 to TPTB.
Serial exploitation is the American way. H1B visas are the new indentured servitude.
Personally, none of the assets that make me wealthy are priced in this "market".
A truck driver, with Anonymous mask displayed on the passenger seat, verbally trounces a state trooper after being pulled over for 'Unlawful use of horn" for honking at the trooper.
http://www.cbs46.com/story/25915479/truck-driver-records-state-trooper-g...
carly simon made me puke, disgusting untalented cunt
"anticipation... is making me late..."
lol seriously, who downvoted this? wtf? heeb from riverdale that got all the breaks she needed, apparently...
Don't bitch about buying silver. If you didn't know what you were getting into you didn't know this was Fight Club. So if you are wondering why your face is beat up and there's blood all over the floor, yeah, this was bound to happen.
If you are still standing I say throw one more punch and buy more.
CRASH THOSE COCKSUCKERS - BUY SILVER
Yea we know, you were just having a senior moment.
Because you read Zerohedge!
As Armada Markets CFO Illimar Mattus put it yesterday, the SP500 will hit 2000 soon, they will have a massive blow-out up to 2036 to terminate the last remaining two or three shorts and then the real pain will kick in for anybody (which means everybody) who is long this market. God save us all when the shit finally hits the fan.
The feds have figured a way to keep the numbers up and inflation numbers low. As long as it works I think we will see S&P 8000. I suspect it will be gradual as they want to keep it going a while. Who knows what is really happening? All I know it THIS IS NOT NORMAL!!
If this “recovery” gets any stronger, I’ll be Broke!
I buy more silver EVERY day but that doesn't mean I'm not still a lot poorer than someone who bought stawks
Just sayin....
Are you now? The person who bought stocks has what, a hope to sell at some future date for much more than they paid. They have nothing until they sell.
You have silver. Even if you can't sell it, you have it.
Queue goatboy.
Good job. Many of us got in at 15. Bitchslap the paper cunt..
Me three, bro. Bought it all ( a LOT of it) between $32 and $42. Forced -- *forced*, mind you -- to sell it all at $20, or below. Oh, I'm sure it's going to go to the moon, someday. Like in the the year Twenty-Five Ten. But I don't have any silver anymore. So when that great and glorious new day that never came finally does come, it's not going to help me at all.
Rule #1. Don't trade silver.
Rule #2. Buy silver as an investment with disposable/saved income.
Rule #3. See rule #1.
An ounce of silver is 4 crappy starbucks drinks.....an ounce a week is easy
I raise my flags, don my clothes
It's a revolution, I suppose
We'll paint it red to fit right in
Whoa
I'm breaking in, shaping up, then checking out on the prison bus
This is it, the apocalypse
I'm waking up, I feel it in my bones
Enough to make my systems blow
Welcome to the new age, to the new age
Welcome to the new age, to the new age
Soccer starts in 45 minutes...
can't wait to watch little sissy guys roll around in agony after minor contact! maybe there will even be a goal scored ?
A good number of them look/are metrosexual. Our world heroes are overpaid metrosexuals lol.
what about all the pride and joy of screaming USA USA USA
Don't wory, the bros will do that after the stormtroopers force everyone out of their homes at gunpoint.
red white and blue face paint required.
more disturbing, metrosexuals wearing red-white-blue speedo's. the horror
Your world heroes are...
my heroes are ... central bankers and anyone who fought for our free-dumb in Eye-rack and Absurdistan!
Good question!
Living? Off the top of my head...
Wrong. No question mark, so it can't be a question. The correct answer is "What is a correction to the collectivist theme generated by Skateboarder?"
The more interesting question is why would you want to interpret that as a question? Hmmmmm.
Traded mine for ghosts
Same.
Missed my walk on part in the war for a lead role in a cage...
0 - 0 at the half!! captivating ... what time does the WNBA come on?
Let's see you run in the Brazilian heat for 90 minutes. This is one of the only games out there where the players play to exhaustion. In contrast, football is fucking boring.. 30 seconds of action followed by five minute commercial breaks.
played rugby at a very high level for many years so yes, max respect for their fitness, but they have to stop with the drama queen stuff... it's embarassing for the sport, IMO
unfortunately for soccer as a non watcher all i see is flopping and biting and tie endings.
No one is saying they don't run a lot.
https://www.youtube.com/watch?v=kgPBeu4hLKw
I ran my first marathon at 14. Running a lot doesn't particularly impress me.
Here's Philip Ceja, an up and comer, doing real skillful bodily maneuvers:
https://www.youtube.com/watch?v=8NSUbJYXG34
I hope Obozo can clear some time to watch, USA USA USA!
Keeping an Eagle eye on all events from Golf Cart 1!
I'll be watching...:
USA: 2
Belgium 0
(But, in case Belgium wins, Belgium might be our family favorite)
I'm rooting for Belgium because they are buying so many bawnds!
Well, there is that...
:)
Trillions and Trillions while William Dudley of the NY Fed puts on his Dutch hat.
You mean "the William Dudley" who used to work for "the Goldman sachs" who is now buying bonds at a nice mark-up from "the Goldman sachs"....
In America, our actors win the Oscars (or NBA Trophies).
In the rest of the world they win the World Cup.
Euro's suck. They celebrate effeminate men falling down and writhing on the ground like they're going to die, when no one even "hit" them. Pathetic.
Worst "Sport" ever. I'd rather watch bowling or golf or NASCAR than a bunch of pansy floppers. AWFUL!.
yer yer.. ain't nithin like a piece-a-pussy cept maybe Indy500.
GO USa and thanks for Bush and Obama good job.
You do realize the TV has an off switch, right?
You dumb bastards would sit right through a competitive darning marathon and bitch about how low scoring it was, or that the youngest competitor was 67.
The mentality of the prole who complains about the quality of the provided circus, while continuing to watch it AND PAY FOR IT fascinates me.
BTFATH! And miss a daily kick to the nuts.
Fed is gonna force feed this economy till it gets some goddamn results, bitchez! ( or, until something breaks.... Whichever comes 1st)
You'd think it'd be broken by now, but Americans are very resiliant in terms of doing whatever it takes to keep their lifestyle. Max out credit, reverse repo, complacently let a private instition that calls itself the Federal Resreve run its monetary policy so Wall Street can keep fleecing said Americans.
Very resiliant indeed.
Yes, the beatings will continue until morale improves (and probably thereafter also).
the beatings will continue until the "crack-up-boom" commences...beyond that there be dragons and things are gonna get bloody and burnt.
But, but, but inflation is under 2%. So how could I have become poor? My money is as safe and solid as Germany's gold in the NY vaults of the Fed.
And I can withdraw all my money as easily as Germany can withdraw its gold.
Just wait until everybody hops on board for the next leg up and finds out that they are still poor even after they have huge nominal gains. Or they hop on board and the market vaporizes and they still end up poor. Either way they are fucked.
Read an excellent article last year where the author demonstrated that the nominal gains in the market were meaningless.
Factoring in inflation, he demonstrated the records were meaningless as the gains DID NOT keep up with the rising cost of living.
So, even if you played the market perfectly you still were a loser in terms of what your gains would buy after inflation; and this was without realized gain tax consideration.
The guy calculated it in gas, beef, bananas, everything and it was blindingly obvious that the HUGE GAINS were meaningless when compared to the increase in all costs.
Bingo
http://www.shadowstats.com/
They might as well just post a picture of a middle finger at this point
Fourth of July rally! Merica rules! Fuck yeah!
I'm not poor, just have different taste in food now... Spam and Walmart bologna are surprisingly tasty! who coulda known?
what about then?
Marketwatch is intolerable. The best is the gold commentary where it is bashed on a daily basis. It has replaced reading the comics in the newspaper for me.
Started there in late 2006, left when ZH blogspot.com was launched. I interacted with some extremely brilliant people. Often wonder how many lurk at ZH.
Edit: Goldtrader was one that comes to mind. That poor fucker must of created 20 some accounts, each one to become banned over the discussion of holding physical gold.
Started there too but more like 2008. Read markewatch and Denninger. Then I found ZH, haven't gone back to Denninger but I still look at Marketwatch to jeer at the headlines. I think Denninger referenced ZH once that's how I found it so he deserves a little credit.
Market Watch is the process of learning the basics while assisted with financial training wheels.
Just for the record, we would all be stuck in a perpetual rut if Zerohedge never emerged. Thank you Tyler.
SEC gold porn - yah baby!
Good Luck.
Everyone I talk to.. days they are doing terrible. .....all use the same word.........TERRIBLE !!!
These people must not be selling Vol till they Ball.. Or, not BTFATH. Gotta get thru Nasdaq 5k, right my man?
Because... The Market makes US all rich, but some are more Rich than others?
Because I'm ALWAYS going to be richer than you.
-Jamie Dimon
Marketwatch writers are buffoons, retarded. Seriously, assclowns: Irwin Kellner, Darrell Delamiade and Rex Nutsling. Obama Leg humpers. Leftwing Propagandists. Don't even bother to read them.
But, they do come out pretty quick with the fed numbers though.
Everyone wants to short it, everyone is scared to buy it. GDP is negative, geo-political news is negative, the media is negative, the FED is clueless. Perfect recipe for a Bull Market.
Oh, I don't know. P/E ratios in the hundreds don't sound too appealing to me. The markets are FED-Phucked.
Japan is the model. The neo-classical Chicago boys think, like in Japan, they can extend-n-pretend for as long as they like.
Hell, it only took 3 years to get wage growth in Japan. If the US can squzze 10 yrs out of their funny money printing, that means only MOAR profits.
As long as they like? The highs were in 1990. It was three times higher. You call this their gameplan? Then look for a crash to Dow Jones 6k.
It's all about huge market moves and cashing in when the sheeple least expect it.
Yes, this is it.
anybody shorts now will be crushed. they will NOT have it. it's manipulated, no joke.
wait. be patient. it might even be another year.
Dianna is a corporate shill, best read for amusement.
Can't win if ya don't play!!
actually, they can't win if you don't play.
+100
One hopes that somewhere there's someone (outside the Lloyd Blankfein crowd) who levered the crap out of every feebe and subsidy/program/benefit he could suck out of the government in 2009 and plowed the proceeds into the RTY.
they seem to be practically begging to be taken to the guillotine.
Seem like controlled opposition setting up their fall guys to me. When the pitchforks come out and skin the "rich", the elite have already gone to their next stronghold - likely China.
Hegelian dialect something like:
We want a global currency/total control so we'll set up the system to fail and blame it on "bankers". Then we can swoop in and save the day with our SDR/bitcoin/whatever... and the people will be begging for it.
It doesn't end with a bang or a wimper, but to the roaring applause of our "saviors".
I don't think you understand the chinese. They might allow chinese elite to have real power in china should things blow up, but that's it. It a global fraud, the fraudsters might want to have a spacecraft on standby, especially in this "information" age.
Just saying...
Breakaway civilization, bitchez
DOW 20,000 by December 2014.
and DOW 5,000 by July 2015
When it gets that low I don't think it will stop falling.
I heard that when DOW hits 20K, algos get their host 'avatar' bodies.
More like August 2014
19,500 would be more reasonable
It peaks at 19110 - you heard it here first.
Clearly Precious Paper is not wealth.
Dow 38,000.
Readership must be slipping at MW. We use to bait the story editor to defend his bullshit article. When he/she went silent after hostile posting interactions. We knew the debate was won. Still cannot believe my MW account never got fragged.
What they forget is that it wasn't until recently that investors who stayed in the market recovered to where they were in 2007. Those who sold , say 50%, are now probably right where they were at that time. They don't feel richer because they aren't richer, definitely not after inflation.
I would dare to say that those who had advisors keeping them in are rpobably doing much better than those who didn't.
There is no inflation. Please report to the nearest FEMA camp for you re-education citizen.
I had advisors. They got a cut no matter how much I gained or lost, mostly lost. Got out in 2013 when I wanted to quit giving them a cut for losing my money.
You never saw " Trading Places"' eh?
Oh Mortimer, tell Valentine the " good part"!
17000 and i'm still poor. keep this up by 20000 i'll be bankrupt
Has my MFGlobal declared another dividend yet? I haven't checked my Worldcom in a while...I'm sure it's doing just fine.
For the Fed, macking a mockery of finance and markets is tradition.
DOW 99999999999999999999999999999999999
You should write a book
Price discovery? What's that? Mark to fantasy forever!!!
(odd how cold hard physical cash seems to be speaking a lot more loudly now, where have we seen this before...)
Market Watch is trash.
Add it to the other euphoria pumpers - WSJ, Fox, BI and that fluff site Seeking Alpha.
It's even worse than those. Marketwatch is on par with MSNBC and CNBC
I think they were owned by CBS at one time. Could be wrong, it used to be in the fine print at the bottom of the page. Now it says' Wall Street Journal' at the top.
Time for the ZH cable channel
Great timing ... Dow 17K with associated "Yellen to address financial stability" headline
Speaking at IMF then a sit with Lagarde... events certain to ensure calm markets and financial stability.
What can one say? The bullshit isn't going away on its own and won't get any better.
Americans en masse can rest assured knowing that the DOW 17,000 will fix all their problems in life this July 4th holiday. Food
stamps will soon be a thing of the past with the advance towards DOW 18,000. WOW, what a great dreamy American future you have going for you down there, Uncle Sam!
Fight for your right to party, USA. Don't let the evil Fed take all the cocaine for themselves next July 4th.
p.s. Happy July 4th, debt slaves!
Once the Public, Average Investors Exited/scared out of the Marlet (lowest participation rate ever) it was OK to let her Fly
"When the media treats the stock market like it is a sports score, you know we are in trouble!"
-Mike Rivero of WhatReallyHappened.com
Out of the 66 months starting from January '09 (67 starting today) the DOW has closed up on a monthly basis of 44 TIMES.
Rigged much? Here's the chart
Out of the 66 months starting from Jan 2009 fewer actual people are working each month 66 times.
My earnings are down 66% compared to 2007 and I no longer work in a profession. Credit contraction eliminated my old industry (energy marketing). Multinationational parent companies retracted & not to be seen again. Health insurance premiums up 300% with only major medical coverage now. Lost $2 mil of commercial revenue producing office investment reducing my monthly another $5-7k. Real inflation about 8-10%/yr. Should be broke well before age 70. Maybe before age 60 at this pace! Collapse would at least be a win for PMs. Good thing I never borrow. No mortgage, car loan, credit balances. Holding out for that choice real estate under the interstate. Seriously, only saving grace is zero debt.
I hear that, TZ. Very similar here. Our company has cut salaries 10% three different times in the past 8 years so they can stay afloat. I'll be fair and say the two owners also took big cuts so the entire crew can survive with only one lay off during this time. The future is very very iffy. We have cut our expenses so many times down to bare bones. Have not reached the point of cat food yet but ya never know.
The bottom line is, as we all know, the "markets" are only where they are because of QE, buybacks financed
by ZIRP debt, etc.
We only have to wait a few more months before QE falls to a trickle or, worst case scenario, runs out entirely,
before we're looking at ~20% falls in the broads at least.
Why you are still poor?
Because you listened to ZH and bought gold at $1800 and silver at $35....The same people who did that are the ones who keep repeating the Socialist Semite Democrat Media Propaganda that "both parties are the same"......
Foolish is as foolish does and says....
Please fell free to down arrow me if you are too cowardly to refute my post!
LMFAO
You must be very lonely. It's understandable though.
Sniveling cowards like yourself always attack when/what you cannot refute!
Uh, "bought" metals with "dollars?" You mean sold paper promises in return for something real?
I would feel sorry for you, RevRex but that would be charitable and I'm not in the mood.
Another coward, another ignorant ASSumption, and another subtle attack on me for posting facts you still have not refuted.
How cowardly and pathetic, that you can't admit I am right.
btw, I am sure I own more Ag than most of you cowards here who are down arrowing me and cowering from my factual posts, I just didn't BTATH!
That's stupid right?
My last major purchase came in at $19.58 delivered.
"Another coward"
"attack on me for posting facts"
"cowardly and pathetic"
"you can't admit I am right."
"you cowards here who are down arrowing me"
"cowering from my factual posts"
I read this shit and I can't help but to think: THIS MOTHERFUCKER IS READY TO BE BAKER ACTED.
Sniveling cowards attack me and let my factual posts stand!
Obama voter, huh?
RevRex
Ok retard, I guess let's "analyze" your previous post (sigh).
Well first of all, I do not believe that you have a clear grasp of the concept of "numeraire." Let's put it like this: "buying" silver with "dollars" can be thought of as selling dollars in return for silver. Now, that having been said, we can probably agree that dollars have no intrinsic value, at least not to me, so let's consider them (for sake of argument) worthless. If I trade something that I believe is worthless, but in return I am getting something not worthless in return, (i.e. silver) then I win. The idea that the dollar price looks unfavorable to you now, or in the past, doesn't mean much to me. I believe it's headed in the right direction at some point, and I really don't care when.
Secondly, I didn't "listen to ZH" about buying or selling anything. I'm a grown-up who makes decisions for myself and ZH doesn't give investment advice. I also do not seek investment advice. So your comment has no meaning.
Third, I don't think that, as you call it, the "Socialist Semite Democrat Media Propaganda" is that both parties are the same. If by Semite Democrat Media you meant "Jewish," then I'm afraid you are mixed up. Jews are not Semites (at least most of them). They are Khazars, or descended from Khazars. There are Semitic Jews, but they are called "Sephardic" and they are a very small minority. But hey, who's splitting hairs here, I think I understood your meaning.
Now if the "media" is propagating an understanding that both parties are the same, then I must have missed it. I think the media does a good job of keeping the illusion going.
Fourth, both parties actually are the same. Exactly the same. I mean, how much evidence do you require in order to concede this important point? Do you have all day? I don't.
Now, take a deep breath. You're going to be fine. Just relax.
"He who laughs last laughs best"