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The Next Time Someone Says "Buy Stocks", Show Them This Chart
Submitted by Simon Black via Sovereign Man blog,
The next time some financial pundit tells you to buy stocks, show them this chart.
It’s an incredibly interesting take on not only how expensive stocks are right now, but also how the monetary system has left the average guy behind.
The Dow Jones Industrial Average, when priced in the average blue-collar hourly wage (based on the US Labor Department’s historical data) is now, you guessed it, at an all-time high.
This means that it takes the typical worker more hours of sweat and labor to buy the Dow than ever before in at least the last five decades.
Investing… saving money and trying to build wealth… is simply out of reach for the average guy.
The line of bull that politicians and central bankers try to sell us all the time is that our prosperity is increasing.
This is a bizarre assertion since all they’re really doing is racking up record amounts of debt and printing unprecedented quantities of money.
Their own statistics, in fact, show that when adjusted for inflation, “real wages” are far lower than they were more than 15 years ago.
This is not progress. This is not prosperity.
This is a classic example of the high priests of the monetary system using the middle-class as a sacrificial lamb for the benefit of a small banking elite.
Take a look for yourself:
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Fuck it buy amazon as they lost money. Microsoft shareholders are well pissed off. If they had missed instead then they would be up 10% as well!!!!
Well, who doesn't love a classic?
Apparently many are not amused.
The stock prices on the chart just don't look very impressive compared to the price of beef.
That sounds very similar to something I hear regarding young aspiring rappers:
1. The business is full of untalented rappers who made it big.
2. This dude trying to rap has no talent.
3. Therefore, he has a decent chance of making it.
You buy them shits I am going full balls short tomorrow morning.
OK, I see, so short the stock market, buy middle class workers.... now where can i buy me some middle class workers ?
Exchange all paper/digital promises for something fucking real! Time is running out! Act Now!!
but wait, there's more!
blah blah blah, same as it every was...
tick tock motherfuckers
Buy stocks. I'll sell them to you.
We have robots now.
nah, show them this one... anyone who's been in the workforce for the past 25 years has lived through this...
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximiz...
the dow and s&p are lagging?
yep....
https://video.search.yahoo.com/video/play;_ylt=A2KLqIC9cTlVfgMAO2gsnIlQ;...
http://pricedingold.com/dow-jones-industrials/
This is a classic example of the high priests of the monetary system using the middle-class as a sacrificial lamb for the benefit of a small banking elite.
This is correct. And I do not believe the parasites' party is going to end any time soon.
When it ends, though - Katie bar the door.
How long did the first Dark Ages last again?
Who says they ended ?
So the rich are getting richer ? ....so what's your point there, skippy ?
You know nobody on Wall Street will be satisfied till that chart divides by zero, right?
But in the banker's wage chart we are just dandy...
wow another chart that means nothing
The Gartman "quadruple" top?
There is another thery here. The offshoring of work from the US and technological automation have lowered the standard of living of Americans. Don't just blame it on the fed. Why the hell would I hire an employee that complains, gets sick, etc. when I can employ a machine that will do the work 24/7 and never complain. Skynet is the corporations' bitch!!!
It is very sad, but what I am writing I am sure makes sense to a lot of you. it is unfortunate as I live here. In America you better get a skill that is in demand and a machine cannot do it or you are going to be poor going forward.
better still, learn how to build a better machine..
The only constant in life is change, same as it ever was...
Good point. A great career is to work for the federal government, be armed, and protect its interests. That pays very well and will for a long time! Any college students reading this message....read slowly and think on it.
I wonder of the 'blue collar guy' would be better off if he actually made the effort to buy American made goods. ...Instead of discount purchasing himself out of a job. (paradox of thrift) But then...that goes for the rest of us, too.
Fuck It, I'm going to "GO" play on the railroad tracks, with my "camera on a stick"...
And I coulda bought BBBY as an Ipo, but whowouldathunk housewives would have bought into it also.
Dear Valued Taxpayer,
Last year you failed to buy the required amount of stocks, in addition to failing to acquire health insurance.
As a result you are being fined $1,567.87.
As a service to you, we have seized your bank accounts and applied their balances to the above penalty, and have also purchased last and this year's required stocks for you.
You are now the proud owner of Monsanto, Halliburton, and Boeing. I am sure that you can take pride in being part owner of procuring and serving death around the world.
Sincerely,
The Internal Revenue Service.
Liberty is a demand. Tyranny is submission.
The central bank is buying stocks and inflating asset prices so that the old 60~80 year olds can retire comfortably, remember its mostly old people running these institutions, who do you think they will look out for? themsevles and their friends who are all OLD and heavy leveraged into the market.
. . . once the old farts kick the bucket the markets will implode because there is no longer any reason to keep the joke going.
Yes
Bah! nonsense! Unless of course your buying Boeing or Raytheon...then yeah, over priced. Most of us are stackers here, buy miner stocks. You can buy shares of Yamana Gold corp. for less then $4 right now. AND they pay a dividend. Eldorado Gold corp. shares for less then $5. Then there are all the junior miners you can invest in that go under $3 a share. If your a stacker and your not playing the game you know in the big Casino, your missing opportunities.
The pattern in the last leg up is substantially different than the previous two. Its software stupid. BTFD.
That last-leg-up does look like something is working on building itself a nestegg.