When will the corporate elite cash in; pull out all their stocks?

[Deja Q]

Poll question: When will the corporate elite cash in; pull out all their stocks?

Which in turn will cause one hell of a depression; much worse than if they kept the stocks in there in the first place because, as we all know, things rebound...?

I ask because the media is makin' stories about how great the 2005 xmas season was and how consumer confidence is up... as we all know, consumer confidence was pretty high during that fateful month within the year of 1929...

[Egalitariat]

1. What do you expect they'll do with the cash after they sell?****

nm

[havocmom]

2. More curious about who would buy.

We seem to be running outta 'greater fools'.

[Deja Q]

5. Or buy "what", apart from necessities...

No more britney spears cds, amongst lots of other trinkets in our "ownership society" will save on resources - which is what they want.

[havocmom]

7. Not trinkets, the stocks. The first couple of CEOs might get a price

but when the big sell off gets noticed, who would buy? Will the idiots ever learn that the paper certificates are worthless if there is no real product or service produced by the company? Who would buy the paper once the serious sell off starts? they will have to eat their own.

As to what the corporate bosses would buy... US debt comes to mind. They wanna own America outright. Driving to a huge garage sale then picking it up for a song...

Ever see the movie Americathon? Not too silly a premise now.

[Deja Q]

4. Buy the necessities we can't afford.

Most of us won't have jobs, and those who do will need more than one to survive. Remember, a loaf of bread might become $12 from its current $2, but the man with the millions isn't going to bat an eyelid. He has his and he can survive and he's not going to share in times of limited resources. Our society is based on greed and self-importance, I think I needn't cite examples for that...

Assuming they can find work and then keep jobs, of course. We're all expendable, in service for the corporations and nothing else.

Personally, I believe there will be a depression, followed shortly after by war. People will want to do something; for starvation is not a good way to die. And when we run out of troops is when we start using the really nasty stuff.

[zbdent]

13. numbered accounts

[brokensymmetry]

3. I voted 4-6 months...

We've just gone to an inverted yield curve...

The Fed has quit publishing M3....

The bankruptcy bill, along with higher credit card payments, along with greater energy costs will cut consumer spending...

Oil is - to quote Ralph Kramden - gonna go to the moon. Likewise Natural Gas.

Hang on; it's going to be a bumpy ride.

[GrpCaptMandrake]

6. The Dow dumped about 1% yesterday,

pretty much insuring it ends the year on a net loss. So that sort of puts "Paid" to the Marvelous Holiday Retail numbers, doesn't it?

[acmavm]

8. After the Chinese pull the rug out from under us and they need

cash to convert into Euros quick like.

[carolinalady]

9. I vote never-they will just move their money to stocks that are

primarily involved with business in other countries. The China deal is more frightening than people realize, but there will always be a rich class. The small time players like myself are in the most danger if we do not stay on top of current events. JMO.

[MN ChimpH8R]

10. The cleverer among them are already in Euros

so when the Chinese finally apply some gentle heat (all that it will take), they will feel nothing.

[carolinalady]

12. On CNBC NOW.....Overseas markets booming... n/t

[Mojorabbit]

11. I think it will be

precious metals.

[elehhhhna]

14. Now that the scam of floating of SS $ into the markets has died

there's no telling how the big speculators will get out.

They had their hearts set on that mass infusion and the temporarily inflated stock prices it would bring.