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-   -   Dow dropping- SHTF begins? (http://www.firearmstalk.com/forums/f51/dow-dropping-shtf-begins-46254/)

hiwall 08-04-2011 07:00 PM

Dow dropping- SHTF begins?
 
Markets in the USA and world markets dropping fast. Is this the beginning of the end? Is Italy the key? If it fails does everything fall? The US congress was told by credit companies to reduce the debt or else, so they raise the debt limit another $2.4 trillion instead. Is there no one in charge in Washington that knows anything? Is it time to start sand bagging your house? To stop bullets instead of flood water. What do you guys think?:confused:

towboater 08-04-2011 07:06 PM

Might very well be.
Obama is having a good time at his Birthday party.

knfxda 08-04-2011 08:26 PM

Quote:

Originally Posted by hiwall (Post 556014)
Markets in the USA and world markets dropping fast. Is this the beginning of the end?

Yes! Hurry! Run for them-thar hills! Get you BOB and Go! Don't wait! Drop everything! Quick!

Why are you even READING THIS?!? GO! NOW!

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I'll see you when you get back.

:D

JonM 08-04-2011 08:54 PM

Quote:

Originally Posted by hiwall (Post 556014)
Markets in the USA and world markets dropping fast. Is this the beginning of the end? Is Italy the key? If it fails does everything fall? The US congress was told by credit companies to reduce the debt or else, so they raise the debt limit another $2.4 trillion instead. Is there no one in charge in Washington that knows anything? Is it time to start sand bagging your house? To stop bullets instead of flood water. What do you guys think?:confused:

2016 or so Maaaaaybe but not yet. we havent even got to the point where there re riots and people roasting each other on spits like what happened in several euro socialist utopias when they collapsed.

OC357 08-04-2011 08:58 PM

When "The Bama Birthday Bash" is over maybe "The Fat Lady Will Sing"......:D

OC

MLRDist 08-04-2011 10:01 PM

local tv news had an investment adviser on tonight that said he is all out of the market and that he is 100% cash. Why in the world would you have a guy like this come on tv and say something like that? To scare everyone??? I think much of this is media driven! I expect the markets to drop even lower in the next couple of days and weeks.

Our goverment new the market was close to an adjustment. The debt cealing talks are not all the blame but has much to do with it. We are still feeling the fall out from the banking industry BS.

We all need not panic or it will make it all worse. Remember when we all lost money in the our 401's and such when the stock market crashed a few year back. Many people pulled thier monies out and place them elsewhere and never recovered. Some stayed with what they had and if you had you would have recuoped all and then some by now.

Relax, it is just an adjustment. I am not a finaicial adviser and this is just my opion.

Mark

MLR Distributing

hiwall 08-04-2011 10:05 PM

This was somewhat tongue-in-cheek. I'm not running the 30 miles to town to buy up all the toilet paper and Frosted Flakes. I was just interested to see if anyone thought this might be the start of the downfall. If the USA ever does fail, Congress will have to debate it and just think how long that will take. So we have plenty of time to get a years supply of Ding Dongs and Hohos.

JonM 08-04-2011 10:06 PM

that "investment advisor" is a moron lol its cash thats gonna be worthless. well its not worth much as it is now. that 2.5 trillion obama and congress just approved in spending doesnt exist the chinese dont have it no one has that much. geitner is just gonna print it.

CA357 08-04-2011 10:08 PM

There is enough hundred mile an hour tape to hold things together until at least the 2012 elections. That is guaranteed to be a very interesting time. After that, who knows?

Scratchammo 08-04-2011 11:58 PM

I honestly don't think there's much drop thus far. Last year was had a bigger one.


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