Even Jim Rogers knows about the trillions of dollars pumping the markets higher!

[brokerboy]

what are you smoking and will you share some of that bud please? i joke but 4 years noway this market will run that long. there is so many lessons to learn watching the markets. i am so amazed how it finished Friday but its been doing that for weeks now. you can tell me 15 pe until the cows come home but its fed money making it 15 pe. companies are not hiring with that money they are just making there business more financially sound. i say ben is going to go down as one of the worst fed chairman in history when this all plays out. i am curious what happens end of year do they renew him as chairman and who would want this job? they are in a spot praying companies hire and if they try to cut away free money or move up rates the market tanks and higher unemployment happens . how can this end well?

i don't advice shorting it but its going down hard someday.

Quote from rfriend73:

The S&P juggernaut continues despite lackluster volume and no real reason for growth...odd that $85 billion a month could so prop up a market (sarcasm). It's going to be an ugly fall, but will probably land on the next presidents table.

 

[Catoosa]

When inflation takes hold and interest rates head up the stock markets will tank and the US dollar will loose a large percentage of it's purchasing power. In the late 70s early 80s I was buying CDs paying an annual rate as high as 18% interest. Sometime within the next 10 years, I expect interest rates to exceed the highs during the late 70s and early 80s. Obama's socialist communist mind is setting the policy for all this money printing. This is going to end very badly for the US working class.

 

[koolaid]

Quote from Catoosa:

When inflation takes hold and interest rates head up the stock markets will tank and the US dollar will loose a large percentage of it's purchasing power. In the late 70s early 80s I was buying CDs paying an annual rate as high as 18% interest. Sometime within the next 10 years, I expect interest rates to exceed the highs during the late 70s and early 80s. Obama's socialist communist mind is setting the policy for all this money printing. This is going to end very badly for the US working class.

All of a sudden everyone on here is a wold-renowned economist. Why don't you all go and do some policy-making besides sitting in your basement and posting on random internet forums about how bad it is.

OH WAIT....you all don't actually know what you're talking about. That's what I thought.

 

[oldtime]

Quote from Catoosa:

When inflation takes hold and interest rates head up the stock markets will tank and the US dollar will loose a large percentage of it's purchasing power. In the late 70s early 80s I was buying CDs paying an annual rate as high as 18% interest. Sometime within the next 10 years, I expect interest rates to exceed the highs during the late 70s and early 80s. Obama's socialist communist mind is setting the policy for all this money printing. This is going to end very badly for the US working class.

what is the "working class"? Does that mean people who work for a living? If I own my own bait shop and I buy worms from the wholesaler and sell them to fisherman at retail, am I part of the working class? Or is the "working class" just w2 employees, like the guy that drives the truck and delivers the worms to me?

 

[Swan Noir]

As a working definition one might say those without a college education that are earning commensurate with their education in fileds you would expect to employ them.

I've heard guests on CNBC (I am ashamed to admit I watch it on rare occasion -- it really is crap!) that are making seven figure incomes proclaim that they work as well and work hard. While I believe them the world still needs some shorthand to differentiate who we are talking about. Everyone who wants to understand the term working class does which means those that make it into some sort of exotic phrase that has a whiff of socialism to it and is incomprehensible simply don't want to admit that we all pretty much know what it means.

Quote from oldtime:

what is the "working class"? Does that mean people who work for a living? If I own my own bait shop and I buy worms from the wholesaler and sell them to fisherman at retail, am I part of the working class? Or is the "working class" just w2 employees, like the guy that drives the truck and delivers the worms to me?

 

[oldtime]

Quote from Swan Noir:

As a working definition one might say those without a college education that are earning commensurate with their education in fileds you would expect to employ them.

I've heard guests on CNBC (I am ashamed to admit I watch it on rare occasion -- it really is crap!) that are making seven figure incomes proclaim that they work as well and work hard. While I believe them the world still needs some shorthand to differentiate who we are talking about. Everyone who wants to understand the term working class does which means those that make it into some sort of exotic phrase that has a whiff of socialism to it and is incomprehensible simply don't want to admit that we all pretty much know what it means.

perhaps, maybe a better definition would be the working class are those who are afraid to take risks, and hope somebody that does will pay them.

 

[Swan Noir]

I'm pretty pleased about how fortunate I have been in business over the years and it still amazes me that there are those who act as if every guy who works job is somehow not pulling his weight.

Quote from oldtime:

perhaps, maybe a better definition would be the working class are those who are afraid to take risks, and hope somebody that does will pay them.

 

[oldtime]

Quote from Swan Noir:

I'm pretty pleased about how fortunate I have been in business over the years and it still amazes me that there are those who act as if every guy who works job is somehow not pulling his weight.

I've been on both sides of that w-2. The first time I got in the right side I had to laugh, "They pay me every week whether the company makes or loses money!"

But you know, they only pay you so much, no matter how good you are.

The best deal was when I was a company truck driver and you got paid per mile driven. Truck breaks down they pay for the motel. But drive smart and you can make good money.

It always baffled me when I would hang out with other drivers and they would either bitch about how poor they were or how hard the company was trying to run them. Man, those were the best days of my life, no big worries, just small money every week and good money if you knew what you were doing. No worries, no responsibilities.

One time I bought a house. It was the most stressful thing I ever did (other than trade) and I got to thinking, this is what Donald Trump does everyday!.

If I just sit and collect dividends, I am a coupon clipper hated by the democrats.

If I put something on I am a trader, who sure as hell works for a living (also hated by the democrats.)

 

[Handle123]

Quote from S2007S:


On the stock market hitting all-time highs, Rogers said that "it is very artificial. If you give me a trillion dollars, I'll show you a good time too and a lot of people are having a good time. I'm somewhat skeptical because I know it's going to end badly."


"I'm certainly not investing in the U.S., because the U.S. is making all-time highs based on money printing," he said, adding that he's put money in Russia and Japan recently. "The whole world is benefiting from all this money being printed, but there are better places than where the all-time high is."


http://www.cnbc.com/id/100600824

Ninteen years ago I started trading long term Commodities much differently than I first started in late 80's, I was never very good at trend trading. So I started seeking extremes but very rigid rules of extremes needed to be at certain percentage of past nine years and when I added options for a hedge, finally found my "edge". In the late 90's I heard of Rogers and found that my approach had similar calls in commodities as he did. From that time forward, he is the only investor that I listen.

http://www.jimrogers.com/