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	<title>Comments on: Dow Jones Has Worst June Since Great Depression, American Model in Decline</title>
	<atom:link href="http://www.dailyreckoning.com.au/dow-jones/2008/06/27/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.dailyreckoning.com.au/dow-jones/2008/06/27/</link>
	<description>An independent perspective on the Australian and global investment markets</description>
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		<title>By: Blood on the Street</title>
		<link>http://www.dailyreckoning.com.au/dow-jones/2008/06/27/comment-page-1/#comment-50084</link>
		<dc:creator>Blood on the Street</dc:creator>
		<pubDate>Mon, 03 Nov 2008 14:53:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2882#comment-50084</guid>
		<description>[...] Source: Dow Jones Has Worst June Since Great Depression, American Model in Decline [...]</description>
		<content:encoded><![CDATA[<p>[...] Source: Dow Jones Has Worst June Since Great Depression, American Model in Decline [...]</p>
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		<title>By: Smack MacDougal</title>
		<link>http://www.dailyreckoning.com.au/dow-jones/2008/06/27/comment-page-1/#comment-28484</link>
		<dc:creator>Smack MacDougal</dc:creator>
		<pubDate>Sun, 29 Jun 2008 18:31:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2882#comment-28484</guid>
		<description>A Stocks Exchange like NYSE or like NASDAQ is a casino and nothing more. 

Most Common Stocks do not pay dividends. Many more other stock classes exist ahead of Common Stocks in rights to claim cash from liquidating assets in a bankruptcy, Common Stocks amount to gambling chips.

The only way for prices of Common Stocks (which are games) to rise happens when [1] net cash handled rises [2] share float falls in face of constant cash.

The Stock Exchange Casino Gambler needs only one &quot;buy signal&quot;. More money must come into the Casino and get bet than money leaving the casino.

When does this condition happen? More money becomes available when Efficiency of Money inceases -- growth of new Commerical Credit relative to Money in Circulation -- notes, coins.

Until such an event, folks with stockpiles of cash, bet on games for future inputs of manufacturing, farming and transporting.

All of the so-called &quot;technical indicators&quot; and &quot;company fundamentals&quot; are illusory stories told to suckers and believed by suckers.</description>
		<content:encoded><![CDATA[<p>A Stocks Exchange like NYSE or like NASDAQ is a casino and nothing more. </p>
<p>Most Common Stocks do not pay dividends. Many more other stock classes exist ahead of Common Stocks in rights to claim cash from liquidating assets in a bankruptcy, Common Stocks amount to gambling chips.</p>
<p>The only way for prices of Common Stocks (which are games) to rise happens when [1] net cash handled rises [2] share float falls in face of constant cash.</p>
<p>The Stock Exchange Casino Gambler needs only one "buy signal". More money must come into the Casino and get bet than money leaving the casino.</p>
<p>When does this condition happen? More money becomes available when Efficiency of Money inceases -- growth of new Commerical Credit relative to Money in Circulation -- notes, coins.</p>
<p>Until such an event, folks with stockpiles of cash, bet on games for future inputs of manufacturing, farming and transporting.</p>
<p>All of the so-called "technical indicators" and "company fundamentals" are illusory stories told to suckers and believed by suckers.</p>
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		<title>By: watcher7</title>
		<link>http://www.dailyreckoning.com.au/dow-jones/2008/06/27/comment-page-1/#comment-28363</link>
		<dc:creator>watcher7</dc:creator>
		<pubDate>Fri, 27 Jun 2008 23:27:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2882#comment-28363</guid>
		<description>We may be near a great &#039;buying&#039; opportunity.

Technology stocks and especially Microsoft look promising according to my favourite market analyst.

He also points out that the Coppock Guide is in even more negative territory - a potential buy signal.

The Elliottwave people have just had a free week which also could be a bullish signal.

Looking at history we see that big busts occur during Republican Administrations.

While the response by the White House and the Central Banks after October 2007 high - interest rates and tax ‘cuts’ - has echos of post October 1929, contributing to a suckers’ rally, I still think we are in, or about to, leave the crisis that leads to the final rally to a new nominal Dow high before the severest bear market to ever hit the United States begins.

If history holds then John McCain will be elected President and the stockmarket crash will begin in either the first or second year of his presidency - contributing another chapter to “Boom and Bust Republicans”.</description>
		<content:encoded><![CDATA[<p>We may be near a great 'buying' opportunity.</p>
<p>Technology stocks and especially Microsoft look promising according to my favourite market analyst.</p>
<p>He also points out that the Coppock Guide is in even more negative territory - a potential buy signal.</p>
<p>The Elliottwave people have just had a free week which also could be a bullish signal.</p>
<p>Looking at history we see that big busts occur during Republican Administrations.</p>
<p>While the response by the White House and the Central Banks after October 2007 high - interest rates and tax ‘cuts’ - has echos of post October 1929, contributing to a suckers’ rally, I still think we are in, or about to, leave the crisis that leads to the final rally to a new nominal Dow high before the severest bear market to ever hit the United States begins.</p>
<p>If history holds then John McCain will be elected President and the stockmarket crash will begin in either the first or second year of his presidency - contributing another chapter to “Boom and Bust Republicans”.</p>
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		<title>By: RJR</title>
		<link>http://www.dailyreckoning.com.au/dow-jones/2008/06/27/comment-page-1/#comment-28334</link>
		<dc:creator>RJR</dc:creator>
		<pubDate>Fri, 27 Jun 2008 18:14:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.dailyreckoning.com.au/?p=2882#comment-28334</guid>
		<description>One must not forget that GM has to be pretty profitable (to its debtors) just to keep paying the interest of its massive debts.</description>
		<content:encoded><![CDATA[<p>One must not forget that GM has to be pretty profitable (to its debtors) just to keep paying the interest of its massive debts.</p>
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