A lot of you naive, stupid dummies are probably still sitting there saying, "Oh good, a bail out...the stock market will be o.k." Or, "Hmmm, I wonder if this is going to stabilize the economy? I think it will pull out of the crisis?"
BUT ESPECIALLY EVERY CRYBABY DUMMY WHO SAYS, "BOO HOO HOO...THE GOVERNMENT LIED. THEY DIDN'T WARN US. WE THOUGHT THE BANKS WERE O.K., CAUSE WE WERE TOLD THE ECONOMY WAS HEALTHY AND RESILIENT.
Then you deserve what you are getting.
HAVE YOU EVER TURNED ON CNBC? HAVE YOU EVER TURNED ON BLOOMBERG? DO YOU EVER LISTEN TO ANYTHING EXCEPT THE OPTIMISTIC TALK THAT YOU WANT TO HEAR?
I think after over a year of Zuma Dogg blogging about the subprime, stock market, real estate market, inflation and the global economy...I have the historic perspective to be able to look back now and say, ALL THE SIGNS WERE THERE!!! THE WHOLE WORLD WAS SCREAMING ALL OF THIS. HOW ANYONE CAN SAY WE WERE NOT WARNED IS DISEASED, MENTALLY-ILL THINKING.
ZUMA DOGG ISSUED MASSIVE WARNINGS OVER THE PAST YEAR. BIG-BIG OUT ON A LIMB PREDICTIONS.
* The subprime market would trigger a U.S. recession starting in late '07/early '08.
* The credit derivatives market was gonna cause bigger problems than we have ever seen.
* Over the winter holidays, ZD said, the stock market is gonna have the worst opening for the year ever.
* Gas prices would be skyrocketing over the summer.
* The Fed would cause inflation by devaluing the dollar with massive rate cuts.
* It's much worse than the '80's economic crisis.
* Inflation would hit after all of these rate cuts.
* The stock market would sink to 10,500 before rising back to 13,000 the way the over opimistic dummies were prediciting. (And we saw that).
* It's the worst economic crisis since the depression.
* ZUMA DOGG BLOGGED THAT U.S. BANKS WOULD BE FALLING LIKE DOMINOES IN OCTOBER!!! (Sorry I was half a month early...I said it Winter '07.)
* 6 months ago, the day I returned to Los Angeles, I called into Doug's show on KABC and painted the exact picture we are living today.
The fact that I predicted that banks would be collapsing doesn't seem like anything risky to say now...but when I said it last year...most people thought I was Chicken Little crying that the sky was falling and I should call the Art Bell radio show, not Doug McIntryre.
BUT LOOK WHAT IS HAPPENING!!!
SO GO AND CHECK TO SEE WHAT I SAY IS HAPPENING NEXT.
And here's a hint. This bail-out package is the final electric paddle they are hitting the paitient with just before it flatlines.
WE KNOW THE POLITICIANS ALWAYS TRY AND COVER IT UP AND MAKE IT SOUND BETTER THAN IT IS AS THEY HAVE BEEN DOING ALL ALONG. THEN, WE FIND OUT THEY WERE FULL OF SHIT AND IT IS WORSE THAN THEY TOLD US.
LOOK WHAT THEY ARE TELLING US NOW!!! It doesn't sound very stimulating....AND IT'S ALWAYS WORSE.
WHAT HAS BEEN MY POINT OF ALL OF THIS ALL ALONG. (Besided warning the mayor and City Council to cut back on the MC Hammer sized spending?)
TO HAVE YOU DUMB ASS PEOPLE PULL YOUR MONEY OUT OF THE STOCK MARKET!!!
DO YOU REALLY THINK THERE WILL BE ANYTHING LEFT STANDING ON WALL STREET WHEN YEAR END REPORTS COME OUT. Last year, Zuma Dogg watched every CEO on the planet tell me (on CNBC/Bloomberg) that they were going to be o.k., cause oil would be at $85 a barrel in '08.
WELL IT HAS BEEN OVER A $100 all year, and $130 or more most of the time. (YOU CAN'T MAKE A PROFIT WHEN YOU EXPECTED $85 and it turned out to be $130.) AND not only that, but people have cut back on spending. AND DO YOU THINK WE HAVE HIT THE BOTTOM AND IT'S ABOUT TO START AN UPSWING?
JUST TO BE CLEAR YOU DEAF, DUMB AND BLIND DUMMIES...
WE HAVE NOT EVEN STARTED TO SEEN THE EFFECTS YET!!!
This is just the appetizer.
But so many of you will say, "Oh no ZD, you are wrong....it's too late to pull out of the market now. It's gonna bounce back. Things aren't as bad as in the 80's. It's not like the depression. Just hang in there."
I REALLY DON'T KNOW HOW ZUMA DOGG SAW THIS ALL SO CLEARLY AND ACCURATELY BUT MOST PEOPLE HAD NO IDEA? EVERYONE KNOWS I HAVE STANDING UP AND SCREAMING ABOUT THIS. (And you should hear what I have been telling my long time friends from childhood and my family about what to do.
They always tell me, "Why should I listen to you. I am the stock expert, ZD." Then they all wish they could just get back to the point where they were when I first warned them.
So far, things have bounced up and down alot. But it's about to be one bounce too late, and then it's REALLY too late. You may not like selling something you bought for $100 a share for $65. But you're really gonna hate selling it for .19 cents a share.
GOOD LUCK WHEN THOSE YEAR END REPORTS COME OUT! REMEMBER, THEY TOLD YOU EVERYTHING WAS FINE, CAUSE OIL WAS GOING TO BE $85 a barrel...$90 TOPS!!! But $100? NO WAY. YOU ARE A CONSPIRATORIAL NUTCASE IF YOU THOUGHT OIL WOULD BE OVER $100 a barrel and the biggest financial instututions in the world would be falling like a house of cards in the Santa Ana winds.
Is ZD a genius? Only if turning on CNBC and Bloomberg TV, listening to the experts, then not trying to combat their expertise -- or not wanting to TRY and discount their knowledge in an arrogant or pompus way makes me a genius then I guess so. For everything I've predicted, none of it was original thought. I'm not like Einstein running formulas and coming up with my own conclusions!!! I listened to people and repeated it. So I guess the ONE thing ZD is good at, is being able to listen to eight people in a deabte -- and be able to tell who "knows what time it is" the way Rainman can count toothpicks on the floor.
Maybe that made me naive. It also made me so shockingly accurate that my long time friends can no longer face me out of shame for what they said to me, and for not acting on it. THEY THOUGHT THEY WERE BETTER THAN ME, CAUSE I DON'T HAVE ANY MONEY. So the guy without money has to be wrong.
HA! I TOLD THEM TO BUY APPLE STOCK AT $15 AND SELL IT AT $200. They didn't do either. HA! HA-HA-HA-HA-HA-HA-HA-HA!!!
And if I told them what is coming next, all they can say is, "Wow ZD. You've been right in the past up till now, but this is the time I think you are wrong." And there gonna say it about everything I'm saying now, too.
See you in six months.