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"Some of the top secret AIG bailout info is out. Guess who's at the heart of it, making money by creating straight trash, selling it to its clients then buying insurance to benefit from its inevitable crash? I have been warning about Goldman's ability to sell trash to its clients for some time now." From the link. That is the fraud that they are being prosecuted for. This is very likely the end of GS. The profits
that GS was racking up were in part driven by fraud. This means that the stock market recovery that you've been touting has been driven in part by fraud. Fraud is unsustainable. This means that the stock market recovery is unsustainable in as much as it is driven by the fraud. And so the crash is inevitable.
The stock market rally of the past year was not driven by GS - get real. Companies across the board are making money.
THAT'S what's driven the stock market - NOT GS.
Feel free - have at it.
I secured my retirement over the last year while all the silly Chicken Little Obamabashers kept saying "the sky is falling, the sky is falling!".
And your still waiting for that sky to fall.
You are going to be waiting a LONGGGGG time.
LOL
Feel free - have at it.
I secured my retirement over the last year while all the silly Chicken Little Obamabashers kept saying "the sky is falling, the sky is falling!".
And your still waiting for that sky to fall.
You are going to be waiting a LONGGGGG time.
LOL
Ken
The sky fell in 2008 and I profited as a result. Now time to do it again.
The stock market rally of the past year was not driven by GS - get real. Companies across the board are making money.
THAT'S what's driven the stock market - NOT GS.
Ken
Fundamentally you are wrong. Take a look at the P/E ratios. http://www.deforestmcduff.com/Market/0611/historical-pe-ratio.jpg (broken link) Where are we now and in all of history how much time have we spent above where we are now and how much time have we spent below?
Fundamentally you are wrong. Take a look at the P/E ratios. http://www.deforestmcduff.com/Market/0611/historical-pe-ratio.jpg (broken link) Where are we now and in all of history how much time have we spent above where we are now and how much time have we spent below?
To answer the question I asked and you chose to ignor LordBalfor There was about 5~7 years in the 1990's and two years in the 1920's. Historically the market direction from where it is now is down not up.
It went sideways, priced in gold. Well, maybe up 0.5 ounces per index share.
Yip. And where is it headed now?
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