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It Has Never Been More Expensive For 'Average Joe' To Buy Stocks
When all is said and done, the swing factor in the decision to work (or not work) is the income it generates (and lifestyle it supports). So we found it intriguing that, as the following chart shows, the number of hours or work required for the average American to buy the S&P 500 has never been higher...
Perhaps that is the goal? Price the plebians out of the market and maintain the tax-paying workforce to support government largesse...
Source: Goldman Sachs
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My SNAP card gets loaded in a few days, Maybe I'll get a Christmas bonus to BTFD.
Can anybody recommend any good broker for trading stocks with margin? I have already accounts with Interactive Brokers and Tickmill.com
Goldman Sacks...
BTFATH now or be priced out forever.
Sincerely,
Your friendly thieves at GS.
Who makes 210 bucks an hour or was that a week?
The ETF is 1/10 the price of the index
Yeah try this:
www.btfd.com.
This firm is on fire.
Nice, Doc. I got a chuckle out of that.
Virtual Brokers. Used them a while before deciding to stay cash until commodities finally slap stocks in the face and order them to correct.
We Yellin'd some folks
TICKMILL looks suspicious. created july 8 expires next july 8? EVELY? I would delete link.
Created: 2014-07-08 Expires: 2015-07-08 Owner: Evely Kalberg (Tickmill Ltd) Hosting company: Hetzner Online AG Registrar: GODADDY.COM, LLC IPs: 188.40.28.182 DNS: ns.second-ns.comns1.your-server.de
ns3.second-ns.de
"Average Jo"? Please call me an ex middle class folk.
average joe better stick to buying weed and beer, stay out of rigged stock market
The last time "Joe" was in the market, was when his company had an employee pension plan.
Those days are looooooonnng gone
Gold and silver stocks are dirt cheap though! :P
Unfortunately gold and silver are worthless relics. The fact that several billion people think otherwise just proves they are barbarians.
lol...I did believe they were cheap at $1900/$50 too. My bad. Must be a barbarian.
Yeah, but you want to g et in a fight with two million barbarians ? As for the stock market; "good things are expensive"; --"you get what you pay for"--. (sa.)
Correction: It's never been more expensive for THE FED to buy stocks. Average Joe can't afford stocks and ain't buying.
What are you talking about? It doesn't cost the fed a thing to buy stawks. They just wave their magic wand , and poof, moar currency to BTFD,
keep up the good work ZH, as markets make all time highs
now is the time to buy stocks for joe six pack. from the companys themselves. those that sell directly to folks.
The Fed is leveraged 77:1 ratio from last I checked. What can go wrong? / lol
http://www.federalreserve.gov/newsevents/press/bcreg/20140408a.htm
2015 ECONOMIC COLLAPSE
everything...perhaps?
so what? who cares what the nominal price of something is, as long as it's guaranteed to go up? it's like paying $800K for a two bedroom ranch in San Jose circa 1998 - you know that it'll be worth $1.2M in just a couple years.
The "Average Joe" hasn't been in this "market" except through pension funds for over five years. The Fed and its lackey TBTF partners in crime don't care how "expensive" the "market" is because they can print all the liquidity they want. Perceptions are more important than profits in a financial war. We are at war. Win or lose this war, "Average Joe" loses. Call it collateral damage.
.
Perhaps someone (one large entity) is demonstrating their ability to levitate the market upwards. For several months the market used to go up in small increments day over day (drips), now that has turned into spurts (multiple 100 plus days in a row) espcially after a few participants dare to short the market. Amazing miracles are being demonstrated on Wall Street but for someone who controls the system it is only about slamming the VIX down with the power of unlimited deep pocket and no margin calls to deal with, and somewhere a large multinational company which is supposed to go down because of lousy numbers starts going up (everything is programmed to a tee). Amen.
Perhaps someone (one large entity) is demonstrating their ability to levitate the market upwards. For several months the market used to go up in small increments day over day (drips), now that has turned into spurts (multiple 100 plus days in a row) espcially after a few participants dare to short the market. Amazing miracles are being demonstrated on Wall Street but for someone who controls the system it is only about slamming the VIX down with the power of unlimited deep pocket and no margin calls to deal with, and somewhere a large multinational company which is supposed to go down because of lousy numbers starts going up (everything is programmed to a tee). Amen.
Don't worry its still a good time to buy cause they will be more expensive tomorrow, and the even more the day after, and the day after that and so on.
Unless its anything involved in real comodities, all that shit is going to zero.
Folks it breaks my heart to say this, BUT WE ARE SOOOO FUCKED (it's not even funny)
it's a big club and you ain't in it BITCHEZ
Everyday I am amazed at how easy it is for USG and FRB to swindle people. It's like the People are begging for it.
The debasement of the currency, the fake accounting schemes, the stock buy backs to increase share worth, the outright lying and all the rest have amerikans begging for more bread and circuses.
I hope I'm not around when that day of reckoning comes to visit.
Only 40 points away from 18,000! It's a Chistmas miracle!
This will be the best Christmas ever!
Party on!
It may be the last Christmas ever too.
!!!!! bahahaha. awesome Doc. Because, I'm thinking thats the only way it can end. It just blows up. Its too high to be a steady grind lower.
Wmbz you mean Hanukkah?
More like a Festivus miracle.
With all the equity I have built up and the projections from the FED, I'm quitting my job!
Average Joe can go use his entire paycheck to buy stawks, at this point who even cares?
At this point, what difference does it make? Both paycheck and stocks will be equally worthless in due time.
I'd like to see Bloomberg run this article.
An entity exists which can create Trillions of dollars any day, any time, and with just a few clicks of the mouse. They have vowed to do “whatever it takes” to support the markets. Everything they do pushes the markets ever higher which is their stated goal. They have in effect, proven EVERY bear argument completely wrong. Debt no longer matters; get used to it. They added five TRILLION $ to their balance sheet and can add five trillion more, if needed. They can drive the yields on the ten-year to ½ percent, and likely will. Car loans can go to 10-12 years, house mortgages to 50, 75 or even 100 years. They will work to get student loan forgiveness going so more people can buy houses and pump up prices. Any weakness, more QE is a certainty. With no inflation, they could print for decades more. They have shown time and again there is not one negative effect to what they are doing. Millions are thrilled with their 401Ks, the wealthy are ecstatic. No work, no risk, just massive gains nearly every day. Earnings and P/E’s do NOT matter when the lemmings are completely conditioned to just be patient, Fed to the rescue. When weak hands bail, millions all over the globe are ready to buy at any price. It is guaranteed a bigger fool will pay more tomorrow.
The bears cannot show one reason anyone would sell stocks under these conditions. The ‘New Normal’ is real, and it works until it doesn’t.
But Mr Yellin said 'Liftoff' was scheduled for April
http://www.globalresearch.ca/federal-court-gives-early-christmas-present...
It might be time to create a SDR buy backup plan. Need time to make the right decision.
XDR - IMF Special Drawing Rights
These numbers are all over the board. Added JPY. Pretty easy to spot the Ponzi skimming margins.
William Dudley of the NY Fed will take stawks ever higher through printing.
Since we all know the Mother Fucker is going to blow....why not just short it now. Looks to me like a perfect plan for becoming a Godzillionaire
When this thing does blow there will be nobody left standing to collect from.
http://www.marketoracle.co.uk/Article13915.html
Oct 02, 2009:
For those still in equities, we believe Tyler Durdern at Zero Hedge said it best, “Go long here at your peril.”
GREAT CALL
I don't live to SPY, I SPY to live.
No surprise: a rising stock market merely signals a transfer of wealth (or claims upon) from labor to capital.
ten hours to buy an S&P500 index that is full of inflated oil majors' earnings and banks that will never pay a bean in tax.
work harder honest joe, now is not the time to take it slow
your extra hours will pay the Fed, to fuck you over like you aint yet dead,
don't be smart, just keep on working, for other shits that keep on lurking
in a tower, theory in a cloud, don't ever stop to think out loud
and say to your friends "why does my dollar not make me proud"
futile dreams are not worth living, keep on keep on keep on giving
i still say this is more of joe six-packs hidden inflation, on top of the bls hidden inflation, his same pay is paying over inflated prices for stocks through his/hers 401k's.
i keep trying to warn people, i'm sure the algos will get the top 30% of value out before anyone else can get close to the casino doors before they close.
or they'll wait, short it, and sell it all the way to the bottom, wash, rinse, repeat.
so your last 7 yrs. of contributions, and paper gains on your 401k's will be vaporized.
in my own mind, where the market set in march of 2009, at roughly 6500, is it's true value today, probaly less.