Peak Oil News and Message Boards

Still no appearance by AP.



Silence speaks volumes, I suppose.

TheAntiDoomer wrote:[

Is the money raining down on Obama supposed to symbolize superfund donations from Big Banks and Wall Street Traders?

^For me its represents a President who has taken us from DOW 6500 to DOW 13,170

TheAntiDoomer wrote:^For me its represents a President who has taken us from DOW 6500 to DOW 13,170

Obama has also taken us from gas at a $1.95/gallon to gas at $4.00/gallon in the USA and still going up. Based on the last two times gas prices have moved up like this (2008 and 2011) I wouldn't be surprised to see a rather nasty haircut in the markets come as a response to the dramatic increases in oil prices..

TheAntiDoomer wrote:^For me its represents a President who has taken us from DOW 6500 to DOW 13,170

Explain me how that benefits the 99%. Sure the 1% are making out like gangsters, but that's to be expected...

It took almost 2 years and then only because the Fed, The US Government and the Global banking institutions are piling up the largest debt loads in history. All in some desperate and sure to fail effort at staving off a collapse. The trajectory cannot continue indefinitely and it should be becoming obvious that growth is seriously anemic. Without ROBUST growth the outcome will be both inevitable and uncontrollable, but be my guest and believe otherwise. I really dont care to play the silly games OF does.

I would also submit the fact that many folks in the financial world are nothing less than dumbfounded at our governments ability to keep the Ponzi afloat. I believe my hat will remain intact as my prediction held. I would also suggest that if one is honest about it there appears to be serious resistance at the 13,000 level. The core premise that I am operating under is still valid. The present market valuations are false, the debt loads of most of the developed western nations are at an untenable state and continuing to loosen monetary policy will only end one way.

The solution to an addicts malaise is not more drugs.

^
EXACTLY the same kind of stuff you were saying MORE THAN two years ago! And yet .... you were still wrong.

OilFinder2 wrote:BTW, speaking of AP, I'm browsing through the stock market thread, and around Sept-Oct 2009 he really started getting ... nervous. Total denial. Lots of doozies around ppg 55 through the sixties. For example, this one

AirlinePilot wrote:... If you stay in this market be forewarned..no country which has embarked on the monetary policy which we are currently engaged has sustained the kind of market moves we have seen in the last year. The markets are being manipulated and artificially propped up by an unsustainable effort which at some point will fail. There is Fraud here the likes of which no one has ever seen and investing your hard earned money into this giant Ponzi scheme is riskier and stupider than ever. They want you to feel left out so you can throw it all right into their pockets. I'm not fooled by it, but so many will be....

[...]

And even after you went through a long diatribe about those same issues, you nevertheless said:

AirlinePilot wrote:OF, you have had the wool successfully pulled over your eyes. Short term does not a market make. You can come back here next year or in 18 months when the market is at 13000 and I'll eat my internet hat!

You're not a particularly honorable guy. You made a promise, and now you're breaking it.

AirlinePilot wrote: I would also suggest that if one is honest about it there appears to be serious resistance at the 13,000 level.

I would suggest that if one is honest about it there appears to be serious support at the 13,000 level!

Dow hits 4-year high, lifted by ISM factory data

(Reuters) - The Dow closed at its highest level in more than four years on Tuesday after U.S. manufacturing expanded at a faster pace than expected in April, easing jitters about a slowdown in the economic recovery.

The Dow now sits at levels not seen since December 2007. The gains leave the benchmark S&P 500 within about 16 points of a high reached in May 2008. A convincing break above that level could set the market up for more gains, traders said.

"That's where a lot of traders' eyes are right now - it might be tough to get through there the first time," said Michael James, senior trader at Wedbush Morgan in Los Angeles.

But the Nasdaq sold off sharply into the close on weakness in Apple (AAPL.O) and BlackBerry maker Research in Motion (RIMM.O) in a sign the market could struggle to make further headway in the short-term.

The Institute for Supply Management said U.S. manufacturing growth came in at its strongest rate in 10 months in April. That reading suggested the economy remains resilient after indications it had lost momentum at the start of the second quarter.

[...]

OilFinder2 wrote:

AirlinePilot wrote: I would also suggest that if one is honest about it there appears to be serious resistance at the 13,000 level.

I would suggest that if one is honest about it there appears to be serious support at the 13,000 level!

Ahem.

>>> 13,292 <<<

OilFinder2 wrote:

OilFinder2 wrote:

AirlinePilot wrote: I would also suggest that if one is honest about it there appears to be serious resistance at the 13,000 level.

I would suggest that if one is honest about it there appears to be serious support at the 13,000 level!

Ahem.

>>> 13,292 <<<

Took a promise to print an infinite quantity of Euros to achieve that, plus the hint of a similar number of Dollars as well.

So now how do those figures relate to value?

dolanbaker wrote:
So now how do those figures relate to value?

Depends on how you define "value" doesn't it? Certainly buying stock tracking funds and mutual funds has been a better "value" than investing in real estate over the past 4 years, and much better than CD's and whatnot as well. When other forms of investment are returning 0%, those returning >0% certainly have more "value". Have gold tracking funds even done as well as the market since the Great Depression II which wasn't kicked off at the end of 2008?

I would consider essential commodities (foodstuffs, fuel & raw materials) as being the best indicator of value, using that definition, most currencies are losing value. Compared to commodities, most stock markets appear to be slipping.

dolanbaker wrote:I would consider essential commodities (foodstuffs, fuel & raw materials) as being the best indicator of value, using that definition, most currencies are losing value. Compared to commodities, most stock markets appear to be slipping.

Well, essential commodities are certainly valuable, but so is a stock tracking fund which has doubled in value over the past 3-1/2 years or so? And commodities can substituted for and mitigated against, for example using less gasoline, even if the price is higher. Same with foodstuffs (eat less meat, save the planet!), electricity (mine has actually gone down with tiered pricing), and various other things. Or is it just that small increases in foodstuffs and whatnot don't sting as much as a doubling of paper profits in a stock account, which has a much higher happy-happy joy-joy feel about it?

Was a dumb bet to pick a number in dollars anyway, which doesn't indicate value of the stocks. It indicates value of the dollar. Curious that gold is climbing back up also.

If the spot price of gold is $1736 and Dec 2011 it was $1600, does that mean gold is more valuable or that the dollar is LESS valuable?

http://www.bbc.co.uk/news/business/mark ... _month.stm

Code: Select all

index value        change        %            52 wk-h          52 wk-l
12570.95        -185.23       -1.45           13610.15          11231.78    

Looks Like AP can wear his hat again.

Hah!!!...never took it off!