Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: rsie who wrote (57170)	8/12/2012 6:58:13 PM
From: Return to Sender	2 Recommendations Read Replies (1) \| Respond to of 95427

Off Topic: The market is going to fall hard at some point. It won't have much to do with the solvency of the companies that we follow here. For the most part they are stronger than ever financially. KLIC for instance has zero debt now for the first time that I can recall. But much of the world, including our beloved country, is deeply in debt. If the US was a stock not one of us would buy shares for fear of never seeing a return on our investment due to the huge deficit at which we are operating. Many people think that if we merely raise taxes on the rich we can balance the budget in no time. That we can do it without having to cut government programs and entitlements. I think that is ludicrous. There are far too many wealthy Americans who got that way by taking advantage of every loophole and tax dodge they can find. I almost don't blame them because if I was that rich I would want to hide my money from the government and jealous eyes as well. Would I actually do it? I don't know. I have a conscience. But raise taxes just on the rich? It will never happen. Even if it does the extremely rich will just find one more new way to avoid paying their share. I don't know how we get out of this mess. A mess that that our stock market is completely ignoring. How do we balance the budget? Raise taxes period on everybody? Use a flat tax? I kind of like the flat tax idea because it is simple to understand and might make it harder for people to cheat on their taxes. I can't remember any time that the government spent its way out of an economic crisis. But lets assume that the government raises taxes so it can continue to fund Social Security, Medicare, Medicaid, and all the other programs that the Federal Government offers to qualified recipients; I wonder how much of drag that will be on our economy. ECRI says we are already in a recession. How does it feel to you out there? Not that bad??? I think taxes are going up. I think Federal programs and entitlements are going to be severely curtailed making it much more difficult for the average American family to get by in the fashion to which they have become accustomed to these last few decades. More and more baby boomers would like to retire and take advantage of Social Security while counting on Medicare to cover their healthcare needs. That's going to take care of the majority of their financial and health concerns in their golden years right??? Is that realistic? How many younger people do you know who work as hard as past generations did to get where we are in life? Even if work ethic were not a problem with younger generations (and it is) we simply do not have a large enough younger generation ready to enter the workplace and earn enough, while paying into social security etc., to allow us all to garner the benefits we have expected we are due to are own hard work. Even if our kids, and their kids, wanted to work as hard as we did to get a good education and job I ask where are the opportunities out there now that existed for us back then? Yes I am completely disillusioned. I am filled with mistrust and fear about our futures. Not much of this is reflected in the stock market now. I expect most of you agree with me that if it were the market would be much lower than what it is now. Won't the stock market fall when it becomes apparent that we cannot continue down this road of printing and spending money like there is no tomorrow? I think that it will. Fear can and does cause stock markets to fall a lot faster than they rise. But no matter how bad it gets I ultimately believe this is still the best country on the face of the planet. It will all work out for most of us even if we won't get to live as large in our retirement years as we might have thought back at the market apex in 2000. So while I expect there to be a huge sell off in the stock market in the not too distant future I will be planning on putting my cash to work when it happens. In the meantime be careful my friends because the coming financial crisis (Due to Federal Debt) which, is already underway, is a worldwide crisis that we all will feel. You'll know when the next bottom is forming because there will be a huge spike in the volatility indexes (followed by lower lows for the market while the VIX hits lower highs), positive divergences in market breadth at those new lows and more Bears than Bulls in the Investors Intelligence Poll. Even if it is not a huge sell off I plan on going 50% in when these conditions are met. JMHO, RtS