Guest Post: The Market Reminds Me Of High School

Tyler Durden's picture

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spiral_eyes's picture

yes "that weird kid".

gold going all the way to the moon, bitchez

http://azizonomics.com/2011/09/08/how-to-crash-the-price-of-gold/ 

gmrpeabody's picture

Simply sums it up pretty good.

Thanks for the link.

jdelano's picture

The weird kid that always talked about gold would have to Paulson--but now I'm lost, cause thought he was already pretty cool when he started the gold trade?

oogs66's picture

but he lost 40% in one fund?  not so cool

Leopold B. Scotch's picture

No. Definitely NOT Kablamo.

Rastadamus's picture

FBI IS RIGHT NOW AT SOLYNDRA SEARCHCING THE PREMESIS IN FREMONT CALIFORNIA. THIS IS PROBABLY ALREADY PRICED IN.....

Sutton's picture

(T)urd (F)erguson Market Advisors

DoChenRollingBearing's picture

As a gold fan for decades, I NEVER was considered "cool" at any point in my life.  That's OK though.

I now have a family, a business, no debt and gold.

I LIKE it: TF Market Advisers...

caerus's picture

so are you off to college in the fall?

ah you know i'm still not sure...i'm working right now, for the city... i'm thinking of holding on to the job for a while...it's like, you know money in my pocket...

i hear that...

Ruffcut's picture

THE MARKET keeps reminding me of bad sharts.

bam_son's picture

Im sure the majority of readers can understand the comparisons in this article as most have likely been on the margin most of their lives. 

tarsubil's picture

The Bible and my therapist have helped me get through the emotional issues.

bam_son's picture

after going to catholic school pre-school through college, atheism has helped me through but we each have to find our own path

 

DoChenRollingBearing's picture

Yeah, like me.  But at 55 now, I don't have to be cool.

StychoKiller's picture

                             GETTING OLD

                      Baby Boomers '1960 VS 2011'

Then:   Long Hair
Now:    Longing for hair

Then:   The perfect high.
Now:    The perfect high yield mutual fund.

Then:   Keg.
Now:    EKG.

Then:   Acid Rock.
Now:    Acid Reflux.

Then:   Moving to California because it's cool.
Now:    Moving to California because it's warm.

Then:   Growing pot.
Now:    Growing pot belly.

Then:   Watching John Glenn's historic flight with your parents.
Now:    Watching John Glenn's historic flight with your children.

Then:   Trying to look like Marlon Brando or Elizabeth Taylor.
Now:    Trying NOT to look like Marlon Brando or Elizabeth Taylor.

Then:   Seeds and stems.
Now:    Roughage.

Then:   Popping pills, smoking joints.
Now:    Popping joints.

Then:   Our president's struggle with Fidel.
Now:    Our president's struggle with fidelity.

Then:   Paar (Jack?).
Now:    AARP.

Then:   Being caught with Hustler magazine.
Now:    Being caught with Hustler magazine.

Then:   Killer weed.
Now:    Weed killer.

Then:   Hoping for a BMW.
Now:    Hoping for a BM.

Then:   The Grateful Dead.
Now:    Dr. Kevorkian.

Then:   Getting out to a new, hip joint.
Now:    Getting a new hip joint.

Then:   Rolling Stones.
Now:    Kidney stones.

Then:   Being called into the principal's office.
Now:    Calling the principal's office.

Then:   Screw the system!
Now:    Upgrade the system.

Then:   Peace sign.
Now:    Mercedes logo.

Then:   Parents begging you to get your hair cut.
Now:    Children begging you to get their heads shaved.

Then:   Take acid.
Now:    Take antacid.

Then:   Passing the driver's test.
Now:    Passing the vision test.

Then:   "Whatever"
Now:    "Depends"

My how fun flies when you're having time! :>D

Rastadamus's picture

The San Jose Mercury News is reporting that agents of the Federal Bureau of Investigation have raided the offices of Solyndra, the now bankrupt solar energy company that the Obama administration helped secure $500 million in federally-backed loans.

Read more: http://www.businessinsider.com/now-the-fbi-is-raiding-obamas-favorite-solar-company-2011-9#ixzz1XNUKtH8W MARKET IS NOTHING LIKE HIGH SCHOOL FOR ME.... BABYLON IS BURNING, SMELL IT?
StychoKiller's picture

Think Obamatron will pull a Nixon and appoint a special prosecutor for this?

AnAnonymous's picture

The US is all about groups, not individuality.

Naively, this article shows up as a nice token to it.

JW n FL's picture

 

 

Keiser Report: Market Schizophrenia (E181)

http://www.youtube.com/watch?v=VsgS9PsUf5U

Uploaded by on Sep 8, 2011

This week Max Keiser and co-host, Stacy Herbert, discuss the threatening downward spiral of all out war of bankers versus everyone else. In the second half of the show Max talks to Israeli economist, Shir Hever, about protests, apartheid and the warfare state.

JW n FL's picture

1. Inside Obama's bank CEOs meeting - Eamon Javers - POLITICO.com

http://www.politico.com/news/stories/0409/20871.html - CachedSimilar

Apr 3, 2009 – My administration is the only thing between you and the pitchforks...” ... who is standing between WE THE PEOPLE and your administration? ...

?

2. Obama to Bankers: I'm Standing 'Between You and the Pitchforks ...

blogs.abcnews.com/thenote/2009/04/obama-to-banker.html - CachedSimilar

Apr 3, 2009 – "My administration is the only thing between you and the pitchforks," the ... Thanks, Mr. President for standing for the American people. Bamster ...

Wall Street Aristocracy Got $1.2 Trillion in Fed’s Secret Loans

http://www.bloomberg.com/news/2011-08-21/wall-street-aristocracy-got-1-2-trillion-in-fed-s-secret-loans.html

PLUS!!!

SEC Covering Up Wall Street Crimes?

http://www.rollingstone.com/politics/news/is-the-sec-covering-up-wall-street-crimes-20110817

Plus!!!

How about the $2.5 Trillion in Social Security Surplus Monies LOANED OUT??

http://moneywatch.bnet.com/retirement-planning/video/good-news-on-social-security/478373/

 

X.inf.capt's picture

because that kid knew a few things,

like PMs are the hedge against TURMOIL.

and judging by the foodfight in cafeteria....

knukles's picture

Pure empathy....
The "Guns and Butter" trade... barbell of Bonds and Gold.
Been told batshit crazy, conspiracist, whathefuckever for Years!.
Now folks are asking me "Who can we trust?"
Talk about creeping paranoia.
LOL
Welcome to the "New World Order"

When they now ask; "What should I do?" my only response is; "Do what you need to in order to sleep well at night."

AKA:  It's not quite too late, dude.......

I still haven't the heart to tell regular folk that the Event Horizon has been Breached, the Nash Equilibrium Broken...  That it's not "When TSHTF", but is "Already In Process"
Folks are looking for Serious Confirmation Bias Reinforcement

Paranioa....
Just 'cause you are don't mean it's not real.

JW n FL's picture

 

 

a real smart girl said these words the other day and they have stuck with me..

who's your farmer? _________________________

who's your banker? _________________________

where's your money? _______________________

http://www.youtube.com/watch?v=4Sti1xMOYj0

she warned of the housing problems.. she was the head of Department of Housing under Bush.

Fitts served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing[1] Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, and was the president of Hamilton Securities Group, Inc., an investment bank and financial software developer.

http://en.wikipedia.org/wiki/Catherine_Austin_Fitts

DoChenRollingBearing's picture

@ knukles,

+ $1840 and green

I don't even tell them anymore.  They heard me before, it's up to them.

Paranoia, bitchez!

Event Horizon Breached, bitchez!

Pinktip's picture

Sorry for OT, I need some advice.....meeting with Bank tomorrow in regards to purchasing house next door.  We knew the owner like a member of the family, she passed and was left to her son.  He is offering it to us for $200K and it is easily $300.  15 ajoining acres and we are raising cattle on side.

We owe $80K on our current mortgage.

Have $136K pre tax in CD, liquidate and ~$65K

Combined Salary $160K, no other debt, $15K cash, $10K PM.

Ideally, cash out CD, pay of existing, "own" current home, take $200K mort on 2nd and  and rent it.

Won't have a DP, but mortage is ~30% under value.

Or refi combo $280K  (don't want to, but option)

Please advise OH great ZH blog.  Thanks!

 

Here's a reply with ammendment to questions from previous thread

Thanks Smiddywesson!

The house is a good deal that has presented itself at an especially bad time in history.  It is a gamble.  I'm not a gambler and would put it all on PMs (which is exactly what I did).  However, you left out important information. 

What is the rental situation in your area?  How much can you rent it for and are similar rental properties remaining empty? It's a 1976 4 bedroom, $2500sqft raised ranch , new siding, roof, windows, boiler attached 2car garage, hardwood floors.  Assuming ~ >$1000/month

Is the job market in your area dependent upon one or two big companies, and if so, how are they doing? Albany/Saratoga Area  upstate NY.

Has your area already taken a huge hit in real estate, thereby making an argument why you won't get hit as bad by the next wave of recession/housing collapse?  I would say less change than 80% of country

Will the owner of the property consider a rent to own?  In that case, it takes a lot of risk off your shoulders.  He obviously won't worry you will trash the place.He lives 3rhs away ion Long Island, wans it off his plate.

Will he sell you the excess acreage and not the house?  It sounds like that is a big motivation for the purchase.  Acreage is main reason,  Could flip house.

How secure are your jobs and your health?  Those answers can change everything. Both mid 40's no issues, relatively secure jobs (engineer's)But nothing is 100%, that's why owning current house outright is priority

Thanks for your Help!

JW n FL's picture

 

"Have $136K pre tax in CD, liquidate and ~$65K" why not get a loan against the CD instead of taking on the tax liabilities?

you are missing numbers for someone to be able to put together a plan of action..

 

You owe _______________? in total.

You owe _______________? on the house.

You owe _______________? on a 2nd? piece of property?

You have "X" amount of whatever that has value.. Gold, Cash on Hand, Equity in Property(s)

1. ____________________

2. ____________________

3. ____________________

4. ____________________

5. ____________________

 

start there and I will do my best to provide you with good information that is sourced and sited so that you can read and decide yourself.. as well maybe some other ideas that I dont agree with but I will once again source and site the info so you can be informed as opposed to in the dark to what the details are all about.

Pinktip's picture

"Have $136K pre tax in CD, liquidate and ~$65K" why not get a loan against the CD instead of taking on the tax liabilities?

you are missing numbers for someone to be able to put together a plan of action..

 

You owe __________83K_____? in total.

You owe _________83K______? on the house.

You owe _________None______? on a 2nd? piece of property?

You have "X" amount of whatever that has value.. Gold, Cash on Hand, Equity in Property(s)

1. _____136K CD_______________

2. ______15K Cash______________

3. _____10K PM_______________

4. ____________________

5. ____________________

 

slewie the pi-rat's picture

the most important factors may be your age, your health, and how you are insured for life and health, and the make-up of your family in these respects

why do you "own" a pre-tax CD?  are the reasons valid, and if so, why sell out now?

if you borrow the "money" on your CD, you will pay it back post-tax.  ouch.

this is pretty complex, and this is what CPA's are for.  i always do my own taxes, but i also know several CPA's and use them for planning/designing ventures and to do tax planningnot "certified financial planners",  certified public accountants.

i would advise you the talk to your own banker about who would be the best CPA in town for you and then get two other opinions, maybe from your doctor, and from another cattle producer.  you will need to make an appointment for the one you choose and pay him/her the hourly fee for advice on how to set this up.  maybe even talk to two CPA's, to see  what the second says after you are a bit more up-to-speed from the first, then go back to the first if you have any "questions" from the second

don't be in a hurry to make a mistake; if you keep the new property as a separate business, you might have the best tax advantages

get the escrow open with a deposit and tell your banker you need some expert advice to find the best path, here, for yourself and your peeps

also, you can use a title company which your bank works with, and maybe keep realtors outa the deal

after your banker helps you set this up shop his deal and confront him if he isn't giving you the best deal by more than a few thou$.  see how badly he wants you in his/her bank

good luck!

slewie the pi-rat's picture

ur most welcome, Pinktipped zeroHead! 

one more thingy, which i'm sure you already know, do NOT talk abt this deal!  until it is closed.  loose lips sink ships, and even with an accepted Purchase Agreement and an earnest-money deposit, daddy warbucks can and will take you out if he can get to the young (?) man who is selling

banker, CPA, title company (see the poss downside there?), they all need to be told , every time you transact w/ them, to keep their mouths shut.  if you have any RE experience or even if the seller doesn't own the piece outright, you may not need a title company to start, just a standard Purchase Offer and Acceptance form and a cancelled check, and you have legal contract.  but you will still want to search the title for any encumbrances/easements/liens/boundary disputes which the seller may not know of if he just inherited it as "surviving joint tenant";  so be careful, there may be a reason he is selling low

for example, in CA if a person is on state medicaid and dies, the 'estate' owes the money(all of it) to CA  [if you're poor you can get medical tratment, but when you die, the old mobile home belongs to the state].  so make sure all the bills have been paid;  if they haven't been, there may be a judgment coming down the pipe against the property, which the seller will hafta pay at closing.  anything that can go wrong will go wrong.  shit, man! you're a rancher!  you wrote that line, i'll betcha!  L0L!!!

again, best of luck and prosperity to you & yours!

Stuppy's picture

You might not be cool, but at least people will be nice to you if you are serving them their food.

I personally like the three golds. Gold, Poorman's Gold, and the Golden Arches

hunglow's picture

I don't mean to be an ass, but I ass-ume everybody here is cool.

TheLooza's picture

I'll be the guy that walks around with a boner all day long.

 

Wait, I'm that guy already.

Dollar Bill Hiccup's picture

An empty bottle of tequila may have brought clarity to all this but the benefits are transitory.

ItsDanger's picture

Small hedge fund shops that I deal with are having great returns.  I think these big funds move too slow and have gotten complacent in their strategies. 

Zymurguy's picture

I loved high school...

best 7 years of my life.