US Citizens Dump Stocks And Precious Metals To Afford Obamacare

Tyler Durden's picture

After some initial confusion in stocks (though Precious Metals and Treasuries were convinced) equities are now down markedly (with Hospitals holding up while Managed Care is down) but it seems that US citizen/investors are selling down their gold, silver, and stocks to 'save up' for the new Obamacare tax...

Gold and Silver plunge...

and now stocks too...

and it seems they are selling their cars too (and deciding to cut back on heating perhaps) as WTI is crashing too...

Charts: Bloomberg

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Squishi's picture

fairness is against nature!

CURWAR2012's picture

Forced collectivism is unnatural

veyron's picture

If you followed the chat last week, I recommended CYH and THC.  Now's time to take profits ...

MillionDollarBonus_'s picture

Behind the ranting of hyperventilating doomer libertarians, many people are sitting quietly behind their screens with a wry grin on their faces (myself included). Libertarians can cry all they want, but today is a victory for intellectuals and visionary social scholars. Soon, criticizing the healthcare bill will be invoke the same reaction by average Americans that criticizing social security or the minimum wage invoke today. This law is here to stay, and whiny libertarians better get used to it. 

fonzannoon's picture

I keep waiting for you to cave in MDB and just cry out that you are just a sarcastic dude having some fun. If this did not make you cry uncle maybe you are the real deal.

camaro68ss's picture

I remember the day when in america, men were free

Precious's picture

"wry grin".  What a ludicrous piece of incredulous shit.  Take your Hemmingway adjectives over to HuffPost, pervert.  They're not accepted here.

11b40's picture

Please advise just who set you up to decide what is accepted here?

Even dimwits who don't get the sarcasm are obviously accepted here. ;-)

Chuck Walla's picture

Even dimwits who don't get the sarcasm are obviously accepted here. ;-)

 

He's not being sarcastic, he actually believes this shit. Thats why he works for OFA and Bold Progressive. He actually thinks this stupid shit will cause people to embrace our fresh, articulate, Kenyan Moon Cricket. 

Roger O. Thornhill's picture

MDB is always trolling - he always be trolling!

What is funny is fixing healthcare was really simple - allow individuals to buy in groups. The individual gets killed because they are out there alone without a group to bargain. I joined a group of small business owners and we get a cheaper negotiated rate on whatever plan we choose. It would have taken about 10 pages for congress to authorize that - but the insurance co's, big pharma hated it, plus unions wouldn't get their 'cut' of the graft.

What we got instead were big unions and big pharma colluding with statists politicians and, well, we got this ridiculous, unworkable, healthcare disaster.

And just in time! As we (as a nation) go into debt destruction overdrive!

Enjoy the momentum (off the cliff).

MeelionDollerBogus's picture

fuck. You are dim.

MDB has posted with bold italics and keyword phrases enough to hint to the actual intellectual elite here what his real deal is. You missed it, now you look like a tard.

Come on. My very name & icon have a purpose only in mocking MDB and even I get that it's a mockery of a satire of Poe's Law.

duo's picture

it's hare to believe he's not being sarcastic.

Precious's picture

He's not kidding.  He's just delusional.  He's waiting for his nurse to stick her union-provided taser up his ass today.

i_fly_me's picture

Thanks for the comic-relief MDB ... you are doing God's work.

Spastica Rex's picture

If God is an absolute bore.

Chuck Walla's picture

If God is an absolute bore.

 

God is laughing the hardest. How can such stupid creatures fuck up such a beautufl thing?  No wonder he gave us free will, look what we do with it. Elect our tyrannts based on how much of other peoples money they'll give us.

11b40's picture

Well, if you really want to drag God into the healthcae debate, if God is laughing, he is probably laughing at you.

 "Render unto Caesar the things which are Caesar's, and unto God the things that are God's" (Matthew 22:21).

Jesus had quite a lot to say about caring for the poor, chalenges of the wealthy making it to Heaven, and lest I forget....money changers.

Precious's picture

The individual mandate is a "tax" about as much as an AK-47 is "free speech".

johnQpublic's picture

hold on now....

no one, and i mean no one, has ever impinged upon my right to freedom of speech when i was carrying an ak-47

i give to you that carrying a firearm IS freedom(of speech)

Precious's picture

You should be on the Supreme Court.

Precious's picture

MDB, your bullshit flies best on HuffPost.  That's what it's for.

Zero Govt's picture

well MDB us "hyperventilating doomer libertarians" contrast nicely with the bankrupt desperate Statist tossers on their last legs pretending their Empire of Idiots is still afloat

wouldn't want reality to enter your tiny nut mate, keep believing you're not a zombie falling off a cliff and have a future

bye bye

MeelionDollerBogus's picture

like Gremlins after midnight? Sorry, I got a brand new jumbo bag of Troll-Feed(tm) and I can't return it to the store...

balz's picture

This is probably the first and last time, but I agree with you MillionDollarBonus_.

US Health Care was pathetic, worst than each and every other developed country, and twice as expensive.

It was time to do something.

Obama isn't perfect, but you don't have a civilization if you let people die because they are too poor to get health care.

NidStyles's picture

Theft and coercion is not civilized. If I can not openly discuss the opposition of the Obama healthcare plan without being labelled a racist, it isn't civilized. You're just another idiotic statist that doesn't understand anything about the real world. 

MeelionDollerBogus's picture

So you're smugly happy that poor people will pay even more for health insurance that takes money yet delivers nothing due to "pre-existing conditions" and even more unnecessary deaths and pro-longed illness?

Just copy Canada, you idiots.

We have universal health-CARE. We have tax-free investing accounts. What the hell is wrong with you people?

HoofHearted's picture

Awesome..in this shitstorm, the Tylers can still make us smile about it. Thank you. See you in the breadlines.

g speed's picture

one time tax on 401K  -- 

asteroids's picture

You will now be taxed to DEATH. The POTUS and SCOTUS said so. You Americans are sooo screwed and you don't even know it yet.

resaci's picture

Get off your asses and vote. Hold your nose and vote republican for the House and Senate. All democrates must go! President won't matter except maybe the VP when he votes in the senate to dismantle this TAX. If it will make you feel better write in Ron Paul for President.

Stoploss's picture

Save up?

For Obama tax care??

No, you mean PACK UP.

The selling is to PACK UP AND GET THE FUCK OUT.

HungrySeagull's picture

This is not saving for Obamacare, this is a statement that they are not gonna do it anymore.

Now the physical Gold and Silver, they are gonna be sorry and run back to buy.

RockyRacoon's picture

I can't figger out the article title. "US Citizens Dump Stocks And Precious Metals To Afford Obamacare"

What?  I don't own stocks, I ain't selling gold or silver, Obama Care is a blip.  What's with all the hyperventilating?   So, the politicians have driven over the populace and are now in reverse to back over the body.  What's so new about that?

beachdude's picture

And the sheeple sell their hard assets, real actual physical things, in exchange for little green pieces of paper.

Fine with me... I'm buying.

Fred Hayek's picture

Does Tyler or anyone else believe that there's anyone actually selling their gold right now?  A JP Morgan powered HFT algo dumping naked shorts on the Comex does not constitute anyone actually selling gold.

VonManstein's picture

its getting hot out here

fonzannoon's picture

So we just guaranteed we would blow out the national debt. Yes sell those metals.

What the hell is going on?

VonManstein's picture

just another day in life of a PM buyer. Who are these sellers? pffff who knows but its not physical selling thats for sure. We may reverse of december lows yet anyway, gonna be an interesting day

g speed's picture

No need to hold PMs for hedge on future health care costs-- future is assured-- PMs selling to avoid tax on 401K that is sure to come-- sell it and get FRNs --blow them in casino on insurance company paper and realize short term growth-- bullish

Everybodys All American's picture

This could easily cause the markets to tank... small business is dead with this kind of taxation.

HelluvaEngineer's picture

Anyone trying to make it in small business at this point is just tilting at windmills.

dwdollar's picture

Well... I'm not sure they were making money before this (with current taxes, permits, fees, etc.), but this will surely be a death nail for some.

noses's picture

Could you explain why Denmark is still alive and kicking?

sudzee's picture

Everything paper finding is true value.

YellowShark's picture

What the hell are you talking about, you seriously think that's the reason PM's are dropping right now? That's a pretty idiotic conclusion.

FieldingMellish's picture

Yes. Its clearly chart painting and stop hunting by paper players going into the London close. Its been happening for several days now, I don't see why people can't see it.

11b40's picture

Because the fringe only sees what they want to see. 

This is one of the more pandering, misleading headlines I have had the pleasure of seeing lately.