stock market chat 2013

[jmervyn]

Could you expand upon this assertion or assumption, Merv? On the face of it, it looks like nonsense but I know that can't be true

I'm sure there's a rational explanation

Sure, but the discussion falls into "no true Scotsman" very easily. Catholicism is a social 'brand', if you will, like being J00ish. Christianity is a faith; the belief that Jesus Christ was the Son of God (and that there's actually a God). Part of the Catholic mass is to recite the Nicene Creed, as is generally the case with other Christian sects, but a substantial number of Catholics are borderline agnostics. The evil half of my wife's extended family are case in point - they don't believe in God, yet are involved with the various Church activities.

Not saying that having faith-less faithful isn't found in other church environments - just that Catholicism has had a history of it. There were even groups in the 1960's that denied the existence of Evil/Satan and were often similar to Unitarians (denying the divinity of Jesus and other Christian belief). If you watch The Exorcist closely enough, you catch references to it.

[LozHinge the Unhinged]

Thanks, Merv. I'll ponder that.

I'll know though, if you were merely showboating

/ducking in and out of thread

[jmervyn]

I'll know though, if you were merely showboating

Pfft. Poe's Law.

[Fizoo]

Here is another look at the HUI, drawn by a colleague.

[jmervyn]

Here is another look at the HUI, drawn by a colleague.

Oops, can't touch this.


Incidentally, the Dow hit an all time high, so things must be getting better! [/sarc]

[Fizoo]

Sold 29 shares of DUST @ $51. Talk about a black swan event. My position short gold got crushed basically because the EU government went insane over the weekend and announced they are confiscating deposits in Cyprus. this might trigger bank runs. It has caused the price of gold to explode. Lost a good chunk of of money here.

[Fizoo]

Can someone please tell me how we have an economic recovery when governments are confiscating deposits? This isnt something you'd expect to see in a recovery.

[jmervyn]

Can someone please tell me how we have an economic recovery when governments are confiscating deposits? This isnt something you'd expect to see in a recovery.

The magic of Obama, of course.

No, seriously. When he (sorry, He) was first elected, the book given to employees was Animal Spirits. They approach Keynesian economics through a propaganda filter; there's really a belief amongst many of these Socialist types that the market is a sham (frequently because they truly don't understand economics).

Additionally, it isn't like fudging economic data for the Low Information crowd is a new/partisan practice, and the media has gone the extra mile covering for Him. It's just that if it had been any Republican, we would have had wall-to-wall hate-filled economic coverage - which doesn't exactly buoy the market.

[Stevinator]

The magic of Obama, of course.

No, seriously. When he (sorry, He) was first elected, the book given to employees was Animal Spirits. They approach Keynesian economics through a propaganda filter; there's really a belief amongst many of these Socialist types that the market is a sham (frequently because they truly don't understand economics).

Additionally, it isn't like fudging economic data for the Low Information crowd is a new/partisan practice, and the media has gone the extra mile covering for Him. It's just that if it had been any Republican, we would have had wall-to-wall hate-filled economic coverage - which doesn't exactly buoy the market.

What? I wasn't aware that Obama ran the Cyprus banks.

No, the problem is that's just bad policy. Cyprus invested heavily in Greece and Greece went broke. Their banking system was about to collapse, so to avoid it, they took some of everyone's deposits away in special tax. I don't think there is any recovery in cyprus. I think much of europe is still reeling. Let's just hope we never get to the point they are.

[LozHinge the Unhinged]

Oh yeah, that's right Steve. Defend Mao Tse Obama why don't you? Ya commie