Big Wall Street Crash Coming

spalebärg · #1 24.09.2011, 08:41

... Is what we have seen up till now big? I doubt it.

On Wall Street the big boys have vanished. Look at this Market Watch report!

Insiders typically cash out big-time at the peak

	Quote:
	Why the insiders have quit buying stocks BOSTON (MarketWatch) — Something ominous is happening on Wall Street, but nobody has noticed. The insiders have vanished. Chief executives. Board members. The head honchos. The people who know. Just a few weeks ago, they were out in force, buying up shares in their own companies with both hands. No longer. They’ve disappeared. Almost overnight. “They’ve stopped buying,” says Charles Biderman, the chief executive of stock market research firm TrimTabs, which tracks the data. “Insiders aren’t buying this rally.”

More here>>>> http://www.marketwatch.com/story/why...cks-2011-09-21

desperate · #2 24.09.2011, 10:04

Not contradicting it, but i wouldn't have much confidence in the judgment of most of these "insiders" in the first place...

J_T · #3 24.09.2011, 10:34

...thread title is a bit inflammatory and misleading, not really reflecting the content.

phdoofus · #4 24.09.2011, 11:01

Aren't "insiders" the ones who caused the problems we're experiencing to begin with? You know, the self-proclaimed "smartest guys in the room" who created their own conditions for disaster but "no one could have seen it coming"? Those "insiders"?

spalebärg · #5 24.09.2011, 11:09

	Quote:	phdoofus
	Aren't "insiders" the ones who caused the problems we're experiencing to begin with? You know, the self-proclaimed "smartest guys in the room" who created their own conditions for disaster but "no one could have seen it coming"? Those "insiders"?

Yes, you're right. That said one doesn't have to admire them to take notice of what they are DOING.
When rats start deserting the ship it is also possibly useful to take notice of what they are doing. One may still detest rats but maybe it's time to put on a life jacket.

adrianlondon · #6 24.09.2011, 11:12

	Quote:	spalebärg
	Yes, you're right. That said one doesn't have to admire them to take notice of what they are DOING. When rats start deserting the ship it is also possibly useful to take notice of what they are doing. One may still detest rats but maybe it's time to put on a life jacket.

Nah, you spend a few hours enjoying the rat-free ship and bail at the last minute. Otherwise you're just bobbing around with a load of starving rats!

spalebärg · #7 24.09.2011, 11:17

For those who prefer less spectacular reporting one could also look at the FOMC Press Release of September 21, 2011.
In that report the words "there are significant downside risks to the economic outlook".

As one commentator said that word 'significant' is significant when the FOMC uses it.

FOMC Press Release dated September 21, 2011

Amaras · #8 18.11.2011, 10:55

Jaro · #9 18.11.2011, 11:02

	Quote:	Amaras

American democracy at work

lost_inbroad · #10 18.11.2011, 11:11

	Quote:	Jaro
	American democracy at work

What does that have to do with American democracy?

spalebärg · #11 18.11.2011, 13:58

Yeah, democracy! Please read to the end

slammer · #12 18.11.2011, 14:38

Well even if WallStreet and the rest of the financial market goes into terminal meltdown, who cares?
Not me, I don´t have enough money to worry about and if we get the kind of hyperinflation of the twenties I will be comforted in the knowledge that even the richest of the rich may have to cut down on the caviar.
I am gonna do what the rest of our species does in times of crises, I will stick my head in the sand, make LALALALALALA! Noises and wait for it to pass.

To paraphrase Stalin: No money, no Problem!

KeinFranzösisch · #13 18.11.2011, 14:51

Let's not confuse American Democracy with American Capitalism. I know the line is blurred (often and repeatedly) but they really are not synonymous.

#14 18.11.2011, 14:52

I thought the US was a republic not a democracy?

Mud · #15 18.11.2011, 14:57

	Quote:	porsch1909
	I thought the US was a republic not a democracy?

It is, but as the government (in theory anyway) derives it's power from the population and is (in theory

) accountable to them, the definition has been stretched to make it OK to call it a democracy. Kind of like how it's OK now to end a sentence a preposition with.

Jaro · #16 18.11.2011, 14:59

	Quote:	KeinFranzösisch
	Let's not confuse American Democracy with American Capitalism. I know the line is blurred (often and repeatedly) but they really are not synonymous.

hmm...to me this looks like a clear violation of Amendment I of the Bill of Rights.

Although not described as a democracy by the founding fathers, the United States founders also shared a determination to root the American experiment in the principle of natural freedom and equality

#17 18.11.2011, 15:01

	Quote:	Mud
	It is, but as the government (in theory anyway) derives it's power from the population and is (in theory ) accountable to them, the definition has been stretched to make it OK to call it a democracy. Kind of like how it's OK now to end a sentence a preposition with.

Ouchboy · #18 18.11.2011, 15:01

	Quote:	porsch1909
	I thought the US was a republic not a democracy?

theoretically, the Republic component of a democratic government is to avoid the inherent dicatorship that is impossed by the majority.

KeinFranzösisch · #19 18.11.2011, 15:04

	Quote:	Jaro
	hmm...to me this looks like a clear violation of Amendment I of the Bill of Rights. Although not described as a democracy by the founding fathers, the United States founders also shared a determination to root the American experiment in the principle of natural freedom and equality

Meh. It's all moot now anyway.

Citizens United v. Federal Election Commission

MusicChick · #20 18.11.2011, 15:05

	Quote:	Mud
	It is, but as the government (in theory anyway) derives it's power from the population and is (in theory ) accountable to them, the definition has been stretched to make it OK to call it a democracy. Kind of like how it's OK now to end a sentence a preposition with.