Monday, October 12, 2015

"I see nothink!"

I don't follow the daily ups and downs on the stock market -- after all, we don't own stocks -- but of course there are people who watch constantly. They chart, they predict, they explain, they apologize, and they analyze every wobble, every peak and valley, every move.

One such website is ZeroHedge. I dip into this website a couple times a week because it's interesting to read explanations about what the financial world is doing. And ZeroHedge, unlike other financial sites I've seen, tends to look at the overall picture. In other words, they tend to see the forest and the trees.

A couple weeks ago they put up an article entitled For The "Nothing Is Happening... Everything Is Awesome" Crowd in which they gave their views on why "nothing" happened to the financial world in September.

September, it seems, was considered a significant month. Many financial signs appeared to be coinciding in a way that made preppers and investors alike nervous. The stock market made wild swings, then straightened out. Stocks tanked and recovered.

But nothing earth-shattering happened. The month came and went, and we're all still here. This, of course, allowed the "See I told you so" types to say, well, "See I told you so."

But ZeroHedge saw it differently. To quote some portions (and leaving out some of the financially technical parts, which are well worth reading):

A lot of people out there expected something to happen in September that did not ultimately happen. There were all kinds of wild theories floating around, and many of them had no basis in reality whatsoever. But without a doubt, some very important things did happen in September.

As I warned about ahead of time, we are witnessing the most significant global financial meltdown since the end of 2008. All of the largest stock markets in the world are crashing simultaneously, and so far the amount of wealth that has been wiped out worldwide is in excess of 5 trillion dollars.

In addition to stocks, junk bonds are also crashing, and Bank of America says that it is a 'slow moving trainwreck that seems to be accelerating.' Thanks to the commodity price crash, many of the largest commodity traders on the planet are now imploding.

So I honestly do not understand the "nothing is happening" crowd. It takes ignorance on an almost unbelievable level to try to claim that "nothing is happening" in the financial world right now.

What we witnessed in September was not "the end" of anything. Instead, it is just the beginning.

Make of this what you will.

Me, I'm glad we haven't invested in the stock market. I'd rather invest in the "livestock" market.


  1. I have a friend whose husband had a stroke and is in a nursing home. She, like many wives, had not done anything with the finances and was wanting some advice on what to sell to help pay for the costs. She wanted to sell the gold and silver that they had purchased over the last several years and not touch their stocks. I think I convinced her to do just the opposite and sell some of the stocks and hold on to the precious metals. Their home is rural and she was a pistol target shooter so she is good from that perspective. They are both delightful folks but are way up there in age and until the stroke were very active so I guess it is all good. I did wonder how many other people think like she does about stocks and PM'S.

  2. i personally think scaring people is big business now. a group can attract a lot of page clicks by predicting apocalypse. not that things aren't bad or can't get worse, but i think everyone and everything related to the stock market is corrupt and shallow and bares no basis in reality except what they can convince people what to think and buy. at the very least they can charge more for advertising.

  3. I'll just leave this here:

  4. OK, it's wasn't (or has not yet been) the catastrophic meltdown some have predicted.

    It's still a mess. A fragile, stacked, inflated, Rube Goldberg MESS.

    I won't say I want no part of it (too big a discussion for the comments section), but I will say that I'm glad I made sure our material "assets" were covered (house, land, and vehicles paid for and supplies put away, and also money and effort "invested" in the well-being of friends and family) before playing roulette in Virtual Vegas.

    If paper money is intrinsically worthless, how much more worthless is theoretical cash????

  5. I dont have money in the stock market either but I sell things at craft fairs. Sales are down and I can guarantee it will affect everyone. People dont spend as much on things they dont need

  6. I dont have money in the stock market either but I sell things at craft fairs. Sales are down and I can guarantee it will affect everyone. People dont spend as much on things they dont need

  7. Many of the comments made about what might happen in September were bizarre and more like something you would hear on the Coast to Coast AM paranormal show. Much of the prognostication of doom revolved around the blood moon for crying out loud. It was all reminiscent of witchcraft and voodoo rather than some reasonable discussion of economics. Yes I was one of those trying to convince people that a blood moon is meaningless superstition and not gods mouth to your ears.
    Is the U.S. and the world in economic trouble? Yes indeed and has been for 6 1/2 years. Was September bad for economics? Yes and the fall is traditionally bad for stocks. Should we all be concerned? Of course, that's what the tea party is all about, that's what Republicans are complaining about with the speaker and others who won't stop the presidents over spending and borrowing. That's what true conservatives have been complaining about for over 6 years. This isn't something that just happened in September. We are still in a recession and never pulled out of the recession. We need to impeach and much more to save the country from these fools. We won't.

  8. I read Zerohedge every morning before I come to your site. It's the cold hard truth about the world and your site is the prescription for the antidote that is needed to deal with it.
    I'm fairly certain no msm has discussed the record silver sales for 3rd quarter 2015 and contrasted that with the fact that prices have been suppressed to poor man's prices. Did any other msn talk about the ballistic missile Iran just fired off? I wouldn't know if they did or not because I have stopped looking at them. I can't take it when I see pictures and quote from follywood types or lying market analyists recommending what to invest in. Bread and circuses!
    Thank you for what you do and for sharing it with us.

  9. I am investing in a lot of Apps. I am investing in GoldRush, Liberty, Keepsake and Novaspy. When I am not investing in Apps I am investing in pears, hazelnuts and walnuts.

  10. The head of high-yield strategy (Grandma called it greed) at Bank of America described the junk bond market as a "slow-moving train wreck." Oops! He might have let a snippet of truth out.

    I think there is a job opening at BoA.

    Montana Guy

  11. speaking of investments - - we invest in ourselves, our neighbors and community. One of our chief investments is dehydrated foods. the do-it-yourself kind with a dehydrator on the kitchen counter. do you use an electric dehydrator? I couldn't find a column here on that. can you write a column, or two, on at home dehydrating? I need to buy a new dehydrator, excalibur is highly recommended. Been through three Nesco in last ten years. thank you

    1. Annie, we just bought our first decent electric dehydrator, and it was very modestly priced. Please see this post:

      - Patrice

    2. Thank you!

      And speaking of preserving eggs, have you ever looked into or tried glassing them or using mineral oil on the shells?

      I guess that's how a lot of the old timers did it to hold them over through the winter.

      A. McSp