March 06, 2007
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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45 comments:
It is my understanding Angelo doesn't prefer children.
There comes a time when we heed a certain call
When we all must come together as one
There are people drowning in debt
and it's time to lend a hand to life
The greatest gift of all
We cant go on pretending day by day
That someone like Casey will soon make a change
We are all a part of Gods great big bananna peel
And the truth, you know,
is that no wheat grass will save your ass
Chorus:
we are in debt
so are the children
we are the ones who ran the prices up through speculation
there's a choice we're makin
we're trashing our own lives
it's true you make a better day
just ask Casey
What's that cheesy smell? Kraft Cheddar?
Oh and die-hard Lereah "anonymous" posters, please leave your name so we can ridicule you later....
Dude, you are trip!!!
Well...I don't have a punchline...but for me...the joke of the day are all the HH cheerleaders that have been gloating about the "lenders" stock prices and harping on all the "goldbugs" losses.
Well...without even looking at numbers...I think that "truthiness" can work here.
Sure...the lenders stocks were up...but they lost some of their gain towards the end of the day. They may have ended "up"...but that is little more than looking at a person on life support...seeing a twitch...and proclaiming that "all is well"
Tell me...how many of the "stock" owners feel like they have made a gain? Isn't it more like..."hey...my ENORMOUS losses are only HUGE now"...sweet.
On the other hand...the "goldbugs"...as kooky a group as they are...although they have seen significant losses over the last week I would be willing to assume that there are more of these gold lovers who's investments are still at a positive return...Can that be said for the people that own the stocks that the HHs are so gleefully bringing to our attention today?
I don't recall a 50%+ drop in gold recently.
but...I'll sit on the sidelines and see who wins in the end.
Michael, amaka mo money dena god, capeche? I tell ya what ama gonna do, ya hea watamsayin? Ya go to dis dawkta i know, see, Dr. Vinnie Boombatz, and yuz ask him foa second opinion. When he tells ya, yoa ugly, too, ya tell him dat ya know me and I'm gonna fix tings right, capeche?
We gonna completely remove dat face yuz got der, and replace da face wit one dat looks just like Frank Sinatra, ya know Frankie, don't ya? Ya gotta know Ol Blue Eys, der. Sure ya know who am tawkin bout der.
Anyways, yuz go see da dawkta der and evertings gonna be okay der, ya hea watamsayin, Michael. Donwarrybouit.
Now, get outta her wit dat face befo a give ya a slap!!! And don't go nea ya modda. Ya gonna give er a freakin' hartattack!
holy smokes
humans who dont want to be human
Keith, now I am starting to worry about you. Did the market bounce today put a hole in your crash theory...don't worry, it is only temporary, we will be at 11,000 before you know it. So cheer up!
Small Hat,
Living in a Big Hat World
sub-human eeecchhh what happened to his head
very immature keith
One getting whiter by the minute, the other's getting darker ... and they're both oozing oily creepiness from every pore ...
Those 2 and that Prlinkbiz can go into business scraping the oil off their faces and selling it to the refineries as light sweet crude ... that would atlease have the word sweet in it ... like the sweet deals Case Serin is chasing.
Cool.
Cow_tipping.
I am sooooo SEXY!!!!
I don't have a punchline, but it is amazing the way Mozilo's flesh changes colors from beige to orange to lobster red.
As for the other guy, I just look away.
gotta ask for a favour
i live in calgary alberta canada re prices have risen 140% in the past 12 months
i beat on the realtors they beat on me
can you beat on them a bit for me
..albertabubble.blogspot.com
the realtors are just scum here
you would not believe the crap they harp to keep there ponzi game going
if you can be harsh
very harsh
Ebony and Ivory in a parallel universe.
The Tan Ranger and White Shadow.
Low lifes have taken control of the world.White collar crime is the ticket to success my friends.
I can't say it, I'll get into trouble.
MJ:
What's the difference between Michael Jackson and a grocery bag?
One is plastic and dangerous to children, and the other is a grocery bag
Mozilo:
What do you think Mr. Mozilo about insider trading?
Insider trading? You mean some little people trade without knowing?
Seriously, is he black, white or hispanic?
Doin' the Moon-Walk or Perp-Walk?
what's the difference?
Never gonna grow up
Never gonna own up
Product incomprehensibly popular in Japan
Product incomprehensibly popular in Japan
Nose getting smaller with time
Nose getting bigger with time
exploits fresh young boys
exploits fresh young brokers
Sticky foreskin issues
Sticky foreclosure issues
could be part alien
could be part alien
sold too late
sold too soon
I just threw up a little in my mouth
doubt david learah will survive
check the imploder
I don't recall a 50%+ drop in gold recently.
------------
I do recall gold at $800 in 1980. Compare the return on that to today's $650 vs. a return on the DOW which went from 800 (that's eight hundred not eight thousand) to 12,000 in the same time period.
Keep buying that gold, you can't lose!! It's different this time.
It's already tomorrow in Japan and the NIKKEI is up 125 or 0.75%.
Looks like another big day for the Dow tomorrow - our tomorrow which is Japan's 4 days from now, or something like that.
bust a nut said...
Low lifes have taken control of the world.White collar crime is the ticket to success my friends.
March 06, 2007 11:11 PM
-----------
Spoken like a true communist.
Down with profits!!
Death to capitalism!!
Long live the worker!!
Communism was tried. It was a miserable failure. Are people's memories so short they can't remember?
Anonymous said
I do recall gold at $800 in 1980. Compare the return on that to today's $650 vs. a return on the DOW which went from 800 (that's eight hundred not eight thousand) to 12,000 in the same time period.
Keep buying that gold, you can't lose!! It's different this time.
You fail to recall WHY gold dropped from $800 per ounce,
The Federal Reserve under Volker SPIKED the interest rates to get inflation under control.
Gold went down when interest rates went up and many started chasing high yield junk bonds and were burned when they found out why they were called junk in the first place.
Will the Federal Reserve under Bernake spike interest rates to 14% this time?
If so, expect to see some very interesting times ahead.
Both have that "stretched skin" "I'm a big schtar at Caesar's" look....
If Angelo isn't the face of the mafia, I don't know who is.
People who bought gold at the peak of the insane precious metals bubble in 1980 are still down after almost 30 years
People who bought into the NASDAQ at the peak of the insane dotcom bubble in 2000 will need 30 years to break even
People who bought into the insane housing bubble in 2005 will need 30 years to break even
The lesson is:
Never buy when the price of whateveritis begins to double or triple in a year or less.
Looks like Keith is handing out the covenant "OREO" Awards this evening.
And the Award goes to :
Dow jumps 157 points, biggest gain in eight months, after rebound overseas encourages investors.
cow_tipping said...
One getting whiter by the minute, the other's getting darker ... and they're both oozing oily creepiness from every pore ...
I think Mozilo is turning into a carrot!
Gold was also $150 in '77. So from a less than bubble $150 to $650 today isn't so bad but it doesn't beat a bull run in equities starting in '82.
Interesting analogy from Peter Schiff's latest book.
Peter Schiff
How Countrywide CEO Wins Amid Mortgage Mayhem
By Alan Murray
Word Count: 812 | Companies Featured in This Article: Countrywide Financial
If you're looking for a big winner in the subprime-mortgage meltdown, try Angelo Mozilo.
The take-no-prisoners chief executive of Countrywide Financial sold $140 million of his personal holdings of Countrywide's stock in the past 14 months -- before last week's news that the delinquency rate on his company's subprime mortgages was soaring.
Even so, he expects shareholders to be grateful.
Mr. Mozilo's company didn't lead the subprime race-to-the-bottom in recent years, during which mortgage companies offered ever-easier terms to ever-more questionable borrowers. But he didn't slam on the brakes, either. A filing at the Securities and Exchange Commission last week ...
for $34 in pesos Michael Jackson will greet your party guests at the door...
There is a husing bubble in South Africa too ... four bedroom house in Clifton beach SOLD for R60 million ($ 9.5 million) ... basically a bungalow
Did you hear about Michael Jackson's recent trip to Walmart? Apparently little boy's pants were 60% off...
Knock,knock!
Who's there?
Michael Jackson.
Michael Jackson who?
Very good little boy, here's 10 million dollars!
Gold was also $150 in '77. So from a less than bubble $150 to $650 today isn't so bad but it doesn't beat a bull run in equities starting in '82.
Yes it is very bad, awful is more like it. 150 to 650 in 30 years works out to 5% a year. DOW from 1977 to 2007 returned 9.5% a year.
$1000 invested in gold in 1977 is worth $4300 today. $1000 invested in the DOW in 1977 is worth $13,500 today.
Oh but I know, I know this time it's different.
They both look like the Picture of Dorian Gray.
two really rich guys who are laughing all the way to the bank while you cry all the way to your 1 bed 1 bath ghetto abode
Are those two Christina Augulerra's parents?
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