What is it with all the doomsday predictions

[stockstradr]

I am bullish on the dollar over the next few years due to long term cycle analysis, and am gearing up to buy this dip any day now…

This is one of the few of Scoreboard’s opinions that I am certain will be proven wrong within 24 months.

One need not look at cyclical trends of the dollar. Intead, just punch the numbers into your calculator: 1) The total amount of debt (known including unfunded oblications=SS, Medicare..etc, plus inevitable additional “emergency” expenditures) the US Fed must auction in the next 24 months. 2) The now insanely high ratio of our total national debt to GDP, where total debt must include various unfunded obligations: war, SS, Medicare.

Plus those nations that have previously bought hundreds of billions of US securities – mostly to manage their currency against the trade deficit now see the USA dramatically reducing our purchases of their exports (not keeping up our end of the bargain), plus they themselves are now in recession.

[capeman]

750 bottom on the S&P is a pipe dream as long as there is no transparency in the financial system and we don’t know who is dead and who isn’t. There is no reason to invest in a questionable company when you can’t see the fundamentals backing them. Until all of that is fixed the S&P can go much lower than 750. In a worst case scenario no viable financial institutions are left and S&P races towards ZERO.

[capeman]

750 bottom on the S&P is a pipe dream as long as there is no transparency in the financial system and we don’t know who is dead and who isn’t. There is no reason to invest in a questionable company when you can’t see the fundamentals backing them. Until all of that is fixed the S&P can go much lower than 750. In a worst case scenario no viable financial institutions are left and S&P races towards ZERO.

[capeman]

750 bottom on the S&P is a pipe dream as long as there is no transparency in the financial system and we don’t know who is dead and who isn’t. There is no reason to invest in a questionable company when you can’t see the fundamentals backing them. Until all of that is fixed the S&P can go much lower than 750. In a worst case scenario no viable financial institutions are left and S&P races towards ZERO.

[capeman]

750 bottom on the S&P is a pipe dream as long as there is no transparency in the financial system and we don’t know who is dead and who isn’t. There is no reason to invest in a questionable company when you can’t see the fundamentals backing them. Until all of that is fixed the S&P can go much lower than 750. In a worst case scenario no viable financial institutions are left and S&P races towards ZERO.

[capeman]

750 bottom on the S&P is a pipe dream as long as there is no transparency in the financial system and we don’t know who is dead and who isn’t. There is no reason to invest in a questionable company when you can’t see the fundamentals backing them. Until all of that is fixed the S&P can go much lower than 750. In a worst case scenario no viable financial institutions are left and S&P races towards ZERO.

[peterb]

Investments are all relatively based. That is, they compete with one another for resources or investment money. The US$ competes with other currencies and investments. What makes anyone think that the other world currencies are fundementally stronger than the US$? Perhaps gold as it now is in a money behavior mode? But other fiats? I dont see it. The first worlds share equal problems of aging demographics and escalating deficits. Emerging markets like China need a host to sell to. History has a strong correlation to the senior currency being chronically strong after a global credit bust like we’re going through right now. Look for more Euro infighting and protectionism from everyone as this unwinding keeps going. With every drop in the markets, the US$ should bounce up. IMO.

[peterb]

Investments are all relatively based. That is, they compete with one another for resources or investment money. The US$ competes with other currencies and investments. What makes anyone think that the other world currencies are fundementally stronger than the US$? Perhaps gold as it now is in a money behavior mode? But other fiats? I dont see it. The first worlds share equal problems of aging demographics and escalating deficits. Emerging markets like China need a host to sell to. History has a strong correlation to the senior currency being chronically strong after a global credit bust like we’re going through right now. Look for more Euro infighting and protectionism from everyone as this unwinding keeps going. With every drop in the markets, the US$ should bounce up. IMO.

[peterb]

Investments are all relatively based. That is, they compete with one another for resources or investment money. The US$ competes with other currencies and investments. What makes anyone think that the other world currencies are fundementally stronger than the US$? Perhaps gold as it now is in a money behavior mode? But other fiats? I dont see it. The first worlds share equal problems of aging demographics and escalating deficits. Emerging markets like China need a host to sell to. History has a strong correlation to the senior currency being chronically strong after a global credit bust like we’re going through right now. Look for more Euro infighting and protectionism from everyone as this unwinding keeps going. With every drop in the markets, the US$ should bounce up. IMO.

[peterb]

Investments are all relatively based. That is, they compete with one another for resources or investment money. The US$ competes with other currencies and investments. What makes anyone think that the other world currencies are fundementally stronger than the US$? Perhaps gold as it now is in a money behavior mode? But other fiats? I dont see it. The first worlds share equal problems of aging demographics and escalating deficits. Emerging markets like China need a host to sell to. History has a strong correlation to the senior currency being chronically strong after a global credit bust like we’re going through right now. Look for more Euro infighting and protectionism from everyone as this unwinding keeps going. With every drop in the markets, the US$ should bounce up. IMO.

[peterb]

Investments are all relatively based. That is, they compete with one another for resources or investment money. The US$ competes with other currencies and investments. What makes anyone think that the other world currencies are fundementally stronger than the US$? Perhaps gold as it now is in a money behavior mode? But other fiats? I dont see it. The first worlds share equal problems of aging demographics and escalating deficits. Emerging markets like China need a host to sell to. History has a strong correlation to the senior currency being chronically strong after a global credit bust like we’re going through right now. Look for more Euro infighting and protectionism from everyone as this unwinding keeps going. With every drop in the markets, the US$ should bounce up. IMO.

[Arraya]

I noticed Jim Cramer has, as of today, given up on doomerism and positively declared that we are not about to experience the Great Depression II. Of course, what this means is that we are, absolutely, positively about to experience the Second Great Depression. The only thing worse would be Bernanke or Paulson declaring that “our financial system is sound.”

[Arraya]

I noticed Jim Cramer has, as of today, given up on doomerism and positively declared that we are not about to experience the Great Depression II. Of course, what this means is that we are, absolutely, positively about to experience the Second Great Depression. The only thing worse would be Bernanke or Paulson declaring that “our financial system is sound.”

[Arraya]

I noticed Jim Cramer has, as of today, given up on doomerism and positively declared that we are not about to experience the Great Depression II. Of course, what this means is that we are, absolutely, positively about to experience the Second Great Depression. The only thing worse would be Bernanke or Paulson declaring that “our financial system is sound.”

[Arraya]

I noticed Jim Cramer has, as of today, given up on doomerism and positively declared that we are not about to experience the Great Depression II. Of course, what this means is that we are, absolutely, positively about to experience the Second Great Depression. The only thing worse would be Bernanke or Paulson declaring that “our financial system is sound.”

[Author]

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