sharkman Posted January 19, 2009 Report Posted January 19, 2009 Indicators are really starting to pile up: Citibank and Bank of America get bailed out, over 500,000 jobs are reported lost, California doesn't have the money to issue tax refunds, Circuit City is going under and it's only Jan 20. How deep is this thing going to get? Quote
sharkman Posted February 20, 2009 Report Posted February 20, 2009 I just heard some stats with regard to Obama and the stock market. This(Jan'09) is the worst January in 113 years. The stock market has not been reacting positively to Obama's stimulus and now mortgage bailout plans. The stock market is down over 100 points so far today and is approaching 1/2 of it's previous peak, 14000. These things do not paint a very positive picture for a government whose approach is to spend its way out of trouble. Quote
bush_cheney2004 Posted February 20, 2009 Report Posted February 20, 2009 I just heard some stats with regard to Obama and the stock market. This(Jan'09) is the worst January in 113 years. The stock market has not been reacting positively to Obama's stimulus and now mortgage bailout plans. The stock market is down over 100 points so far today and is approaching 1/2 of it's previous peak, 14000. What did he expect with talk of bank nationalization? The US ain't Cuba! What he has done is make my wait for the bottom very easy, as there will be no sharp capitulation to estimate. No...with Obama...it will slowly bleed to death. Can't even call it market timing....we'd be happy if it just had a pulse. I'd like to move about $400K in retirement funds out of safe havens (bugged out of the market in early September), but it has no place to go right now except my mattress. Some stock "experts" say to start shorting the hell out of commercial real estate, because that is the next big collapse. Maybe I will just buy lottery tickets! Quote Economics trumps Virtue.
Oleg Bach Posted February 20, 2009 Report Posted February 20, 2009 What did he expect with talk of bank nationalization? The US ain't Cuba! What he has done is make my wait for the bottom very easy, as there will be no sharp capitulation to estimate. No...with Obama...it will slowly bleed to death. Can't even call it market timing....we'd be happy if it just had a pulse. I'd like to move about $400K in retirement funds out of safe havens (bugged out of the market in early September), but it has no place to go right now except my mattress. Some stock "experts" say to start shorting the hell out of commercial real estate, because that is the next big collapse. Maybe I will just buy lottery tickets! The Praying Mantis Greenspan is a remarkable figure. I viewed him but once. He came to address congress and I watch the reactions of the average Anglo member - Their reaction to Greenspan was totally pitiful. It was as if a god had entered the chambers. They lapped at his feet like disgraceful dogs. You could see the institutionalised myth of eternal personal wealth through the use of the super Jew.. Yes Greenspan had worked his magic - but he had one final message...to para phrase "Guys I have served you and kept your private fiat bank afloat with illusions all this time and kept you all rich - but I have come to the end - I can not continue to keep making something out of nothing for every, sorry....That was the begining of the collapse - it was about 3 and a half years ago. Quote
bush_cheney2004 Posted February 20, 2009 Report Posted February 20, 2009 (edited) Yes Greenspan had worked his magic - but he had one final message...to para phrase "Guys I have served you and kept your private fiat bank afloat with illusions all this time and kept you all rich - but I have come to the end - I can not continue to keep making something out of nothing for every, sorry....That was the begining of the collapse - it was about 3 and a half years ago. That's all he was asked to do....bravo. I have little patience for those who rode the gravy train only to now bemoan Greenspan's warts (or religion). Kenny say: You gotta know when to hold 'em.....know when to fold 'em....know when to walk away...and know when to run. Edited February 20, 2009 by bush_cheney2004 Quote Economics trumps Virtue.
Oleg Bach Posted February 20, 2009 Report Posted February 20, 2009 That's all he was asked to do....bravo. I have little patience for those who rode the gravy train only to now bemoan Greenspan's warts (or religion). Kenny say: You gotta know when to hold 'em.....know when to fold 'em....know when to walk away...and know when to run. eeeeeeeeeeeeeeeeh - country tune...that's it...This scene of Greenspan bowing out if history repeating itself. It reminds me of the finacial crisis that took place in Germany back in the late 20s - Once the stero-typical jjjjjjjjjjjjjjjjjjjjoooooooooooooo ( I leaned the code from you) sort of a back handed politically correct method of a avoiding being lied upon and accused of being an anti-what ever... Once the sytemn started falling apart Hitlers handlers blamed the Jews. Mean while the Jews were doing their bidding --- so what is this idea that Jews are the money magicians? This myth is myth. It's like me instructing you to serve me - and when I expect the impossible and you fail - then into the oven? I say into the oven for everybody or nobody - they all are to blame regardless of title. Quote
msj Posted February 20, 2009 Report Posted February 20, 2009 (edited) I'd like to move about $400K in retirement funds out of safe havens (bugged out of the market in early September), but it has no place to go right now except my mattress. Some stock "experts" say to start shorting the hell out of commercial real estate, because that is the next big collapse. Maybe I will just buy lottery tickets! Yep, in forum land we're all millionaires (well, some of us are billionaires ) and we always time the markets perfectly. Edited February 20, 2009 by msj Quote If a believer demands that I, as a non-believer, observe his taboos in the public domain, he is not asking for my respect but for my submission. And that is incompatible with a secular democracy. Flemming Rose (Dutch journalist) My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. Morgan Housel http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx
Oleg Bach Posted February 20, 2009 Report Posted February 20, 2009 What did he expect with talk of bank nationalization? The US ain't Cuba! What he has done is make my wait for the bottom very easy, as there will be no sharp capitulation to estimate. No...with Obama...it will slowly bleed to death. Can't even call it market timing....we'd be happy if it just had a pulse. I'd like to move about $400K in retirement funds out of safe havens (bugged out of the market in early September), but it has no place to go right now except my mattress. Some stock "experts" say to start shorting the hell out of commercial real estate, because that is the next big collapse. Maybe I will just buy lottery tickets! The hardest part for you will be to control the bragging about your wonderful mattress full of cash...restraint...and don't drink to much devulge that you are now a private bank - charge yourself a service charge to eleviate the guilt of not having used an established banking institution. Quote
sharkman Posted February 21, 2009 Report Posted February 21, 2009 Yep, in forum land we're all millionaires (well, some of us are billionaires ) and we always time the markets perfectly. I've been reading your comments, so you think Greenspan is generally to blame for the crisis? Quote
msj Posted February 21, 2009 Report Posted February 21, 2009 I've been reading your comments, so you think Greenspan is generally to blame for the crisis? Partially, yes. You can follow various links in various threads throughout MLW to read for yourself and make up your own mind. Quote If a believer demands that I, as a non-believer, observe his taboos in the public domain, he is not asking for my respect but for my submission. And that is incompatible with a secular democracy. Flemming Rose (Dutch journalist) My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. Morgan Housel http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx
Oleg Bach Posted February 21, 2009 Report Posted February 21, 2009 I've been reading your comments, so you think Greenspan is generally to blame for the crisis? This is exactly the same scape goatishness that started the holocaust of the Jews! EXACTLY --- The power mongering greedy anglos push greed to the limit till it breaks and blame the Jew ---- the usual stuff - why not holocaust the anglos and their buddies this time around? The final solution YAH! Its that high bred Jew Greenspan and all those other Jews that did this - problem with this justification and high diversion is that WE ASKED THEM TO COMMIT THE CRIME if that is the case. I can see it now - Clever Anglo lawyers and their Jewish henchmen ...put out on a mission to destroy a population so they can appear innocent - THE ANGLOS AND CONNECTING CLANS ARE NOT INNOCENT - it will not work this time - all get cruxified... Quote
bush_cheney2004 Posted February 21, 2009 Report Posted February 21, 2009 Yep, in forum land we're all millionaires (well, some of us are billionaires ) and we always time the markets perfectly. Some of us are just happy to be thousandaires with some common sense.....has nothing to do with market timing....but a lot to do with market pullback since June. That's why I moved retirement money to Fidelity funds like this in September: Fund Name: Managed Income Portfolio II Class 3 What it is A stable value fund (not a mutual fund). It is a commingled pool of the Fidelity Group Trust for Employee Benefit Plans and is managed by Fidelity Management Trust Company (FMTC). Goal Seeks to preserve your principal investment while earning interest income. MIP II will try to maintain a stable $1 unit price, but it cannot guarantee that it will be able to do so. The yield of MIP II will fluctuate. Quote Economics trumps Virtue.
Oleg Bach Posted February 22, 2009 Report Posted February 22, 2009 Some of us are just happy to be thousandaires with some common sense.....has nothing to do with market timing....but a lot to do with market pullback since June. That's why I moved retirement money to Fidelity funds like this in September:Fund Name: Managed Income Portfolio II Class 3 What it is A stable value fund (not a mutual fund). It is a commingled pool of the Fidelity Group Trust for Employee Benefit Plans and is managed by Fidelity Management Trust Company (FMTC). Goal Seeks to preserve your principal investment while earning interest income. MIP II will try to maintain a stable $1 unit price, but it cannot guarantee that it will be able to do so. The yield of MIP II will fluctuate. "Preserve" seems to have been left out of the equation. Part of economic failure was the will to actually act responsibly and preserve the basic investment at all cost...they did not care about the investor...that is the nature of greed...it fogs the mind to the point that you believe you are the only pig at the trough. Quote
bush_cheney2004 Posted February 22, 2009 Report Posted February 22, 2009 "Preserve" seems to have been left out of the equation. Part of economic failure was the will to actually act responsibly and preserve the basic investment at all cost...they did not care about the investor...that is the nature of greed...it fogs the mind to the point that you believe you are the only pig at the trough. Preach..Brutha...preach! Lost in translation has been your very important concept, even as the naval gazers and self appointed experts argue about how they could have preserved the false wealth, bemoaning their lost fool's gold. They did not whine like stuck pigs when the caper was good. Wall Street is an old movie....but still very timely. Just ask Gordon Gecko! Quote Economics trumps Virtue.
Oleg Bach Posted February 22, 2009 Report Posted February 22, 2009 Preach..Brutha...preach! Lost in translation has been your very important concept, even as the naval gazers and self appointed experts argue about how they could have preserved the false wealth, bemoaning their lost fool's gold. They did not whine like stuck pigs when the caper was good. Wall Street is an old movie....but still very timely. Just ask Gordon Gecko! Which brings me to the hostage scape goat our lost Lord Black - He goes to Chicago and takes the fall as if he was the only gangster available to do some time - IRONICALLY--- just months after sentencing - all the roaches come out into the light and there are thousands who conducted themselves worse than Black...and none will do time ---- kind of unfair would you not say? Quote
bush_cheney2004 Posted February 22, 2009 Report Posted February 22, 2009 ... all the roaches come out into the light and there are thousands who conducted themselves worse than Black...and none will do time ---- kind of unfair would you not say? True.....Black ran a "corporate kleptocracy" just like all the rest. But as you already know, life ain't fair! Quote Economics trumps Virtue.
Oleg Bach Posted February 22, 2009 Report Posted February 22, 2009 True.....Black ran a "corporate kleptocracy" just like all the rest. But as you already know, life ain't fair! It must be amuzing for the old guy to stretch out on his nice private bunk with a copy of the Times and a coffee...and read what is happening. Maybe Dylan was right when he wrote "Sometimes I think this whole world is one big prison yard, some of us are prisoners and some of us are guards" Quote
Oleg Bach Posted February 22, 2009 Report Posted February 22, 2009 True.....Black ran a "corporate kleptocracy" just like all the rest. But as you already know, life ain't fair! CORPORATE KLEPTOCRACY great phrase --------------------------------------You don't mind if I steal that one do you? Quote
bush_cheney2004 Posted February 22, 2009 Report Posted February 22, 2009 ...great phrase --------------------------------------You don't mind if I steal that one do you? Go ahead...it's not mine...got it from a Wiki! You know this already.....alliteration is the key to media success. Quote Economics trumps Virtue.
Oleg Bach Posted February 22, 2009 Report Posted February 22, 2009 Go ahead...it's not mine...got it from a Wiki! You know this already.....alliteration is the key to media success. Did you get the joke ----- Klepto --- can I steal it? well ---- or do I over estimate your punish prowess....Yesterday I saw a guy playing pool and he drops the chaulk --- they smack the cube about the floor with there cues ---- and Mark remarks......we are playing chaulkie! - I used to have this very old dictionary - etemological...fix that spelling - I really wanted to know what words really meant and how they originated - I would like to buy a big new version - but..they are a few hundred bucks...electronics is fine - but it is comforting to have a book shelf...a little library - I can reach for a Koran or a Bible - or historic documentations --- I left school early but I still love to learn... Quote
sharkman Posted February 25, 2009 Report Posted February 25, 2009 There seem to be certain benchmarks that are defended in the Dow Jones, the 8500 level being one of them. Recently, the market has dropped through a few more and is right now at 7100 and change. It could fall through 7000 this week. When Obama first started off after inauguration, he was seriously talking down the economy, mostly to get support among voters for the 778 billion bill passed. This had consequences, and several moves he's made have had a serious result in the markets, he almost seems unaware of this. At the very least, all his efforts so far have not helped anything as consumer confidence, employment numbers, and the economy continue to slide. Quote
msj Posted February 25, 2009 Report Posted February 25, 2009 (edited) There seem to be certain benchmarks that are defended in the Dow Jones, the 8500 level being one of them. Recently, the market has dropped through a few more and is right now at 7100 and change. It could fall through 7000 this week.When Obama first started off after inauguration, he was seriously talking down the economy, mostly to get support among voters for the 778 billion bill passed. This had consequences, and several moves he's made have had a serious result in the markets, he almost seems unaware of this. At the very least, all his efforts so far have not helped anything as consumer confidence, employment numbers, and the economy continue to slide. So, you base your investment and consumption decisions on the words of one politician, huh? Hmmm. How's that portfolio doin'? Oh, I don't know, maybe the markets are responding to fundamentals - you know, like changes to earnings. Maybe the markets are just too high in light of ever diminishing earnings? But surely those earnings would be increasing exponentially if only we had a cheerleader in the Whitehouse to whitewash the state of the current economy. Edited February 25, 2009 by msj Quote If a believer demands that I, as a non-believer, observe his taboos in the public domain, he is not asking for my respect but for my submission. And that is incompatible with a secular democracy. Flemming Rose (Dutch journalist) My biggest takeaway from economics is that the past wasn't as good as you remember, the present isn't as bad as you think, and the future will be better than you anticipate. Morgan Housel http://www.fool.com/investing/general/2016/01/14/things-im-pretty-sure-about.aspx
Oleg Bach Posted February 26, 2009 Report Posted February 26, 2009 Obama should ban the terms recession and depression. Sure that sounds idealistic....but where Obama and most of all the others fall short is within their perception what money actually is. First you have to understand that all is aritifice - and fiat currencey is just that...a declaration not based in any reality - Money is a religion. It is a belief system. It appears what they don't get is that the loss of hope is the loss of faith in this god. The problem also is in the idea that building more idols will bring back the faith (stimulas) - you can not stimulate to life what is dead. Obama should be educating America and bringing they up to a high level of sprititual thinking. If he is going to take the role of a messiah he had better start acting like one. Put it this way - If a man or people are glum - no one wants to deal with you - If America becomes negative and glum - trade and commerce will dwindle. Human nature dictates that the gardener waters the rose in full bloom and ignores the feeble flower...We have to act our way out of this one..believe..and if we can not believe - then pretend. Quote
sharkman Posted February 26, 2009 Report Posted February 26, 2009 So, you base your investment and consumption decisions on the words of one politician, huh?Hmmm. How's that portfolio doin'? Oh, I don't know, maybe the markets are responding to fundamentals - you know, like changes to earnings. Maybe the markets are just too high in light of ever diminishing earnings? But surely those earnings would be increasing exponentially if only we had a cheerleader in the Whitehouse to whitewash the state of the current economy. True enough, I made it sound like I thought Obama is responsible, which is not what I meant! Usually though, potus refrains from such negative talk, and Obama seems to be ignoring that tradition. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.