1% occupies Wall Street

[Cruxx]

We need more enlightened souls like him around.

[video=youtube;UGL-Ex1CD1c]http://www.youtube.com/watch?v=UGL-Ex1CD1c&feature=channel_video_title[/video]

 

[Spiky]

Good stuff.

 

[Spiky]

I respect Peter Schiff's clear thinking. His recommendations to buy precious metals many years ago is excellent.

However, he is mostly bearish equity markets. He underestimated the power of co-ordinated central bank actions.
Just like last night, if you short the stock market, you die cock stand.

 

[Devil Within]

I respect Peter Schiff's clear thinking. His recommendations to buy precious metals many years ago is excellent.

However, he is mostly bearish equity markets. He underestimated the power of co-ordinated central bank actions.
Just like last night, if you short the stock market, you die cock stand.

The US stocks going up last night was mainly due to selling/weakening of USD, I think. If you look at USD as compared to the other currencies, people are dumping USD for Euro.

 

[Devil Within]

The first black guy is a really dumb idiot! Not only him, but quite a few are clueless about what capitalism really is! And that stupid black guy complaining about Steve Job and rant about his nonsense about slavery, is really clueless. What a fucking idiot. If USA 99% has such mentality, USA is screwed for sure.

 

[Spiky]

The US stocks going up last night was mainly due to selling/weakening of USD, I think. If you look at USD as compared to the other currencies, people are dumping USD for Euro.

Daily US Opening News And Market Re-Cap: October 27
Submitted by Tyler Durden on 10/27/2011 -
08:05
European leaders agreed, in principle, to boost the firepower of the EFSF to approximately EUR 1trl using a combination of a special purpose investment vehicle and a debt-insurance scheme. The leaders also struck a deal with private banks and insurers for them to accept a 50% loss on their Greek government bond holdings According to EU sources, the EU is to present Eurobond ideas on November 23rd
According to a German government official, direct or indirect financing via the ECB is ruled out, adding that haircut excluded Greek bonds held by the ECB
BoE's Fisher said that the BoE will revisit QE once the current purchase is complete, adding that there is a significant chance of a double dip recession in the UK


You are right about the USD moving in tendem, in the opposite direction. Nowadays, most asset classes are so highly correlated.

 

[chupacabra]

The first black guy is a really dumb idiot! Not only him, but quite a few are clueless about what capitalism really is! And that stupid black guy complaining about Steve Job and rant about his nonsense about slavery, is really clueless. What a fucking idiot. If USA 99% has such mentality, USA is screwed for sure.

If you watch all those reality shows in the US, blacks are the ones that always stir shit and feels they are owed a living cause their ancestors were slaves. Get over it. Good clip btw.