Can you believe this is really happening?
March 18, 2008
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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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77 comments:
Hell no...I've been up all hours stressing about this little "situation" we're in. Who needs sleep when you have housingpanic.
I am not surprised.......but I am still seeing a hell of a lot of 'ignorance' out there Keith.
People simply do not understand the 'big picture'.
Housing panic or the bailout?
I believe both are happening, but must cop to being a deer in the headlights the whole time - with good reason - bubble sitting savers are boxed in. (Anyone care to correct me on that?)
The incredulity is more of the angry variety.
What I can't believe is that nothing seems to be happening
Hustler magazine just offered $1 million to Sptizer's prostitute pose nude.
Are you enjoying your new America? Now you know what the Patriot Act is really for. Enjoy.
Ah, this one is rich. AIG doesn't like showing fair value on their assets so they want to change the accounting rules. If only the world were this easy! I bet they were not complaining about mark-to-market when their assets were worth more than par value. Personally, I'd like to change income tax reporting rules so that it didn't look I made that much money because that would temporarily work out better for me.
http://tinyurl.com/3xebpq
March 18 (Bloomberg) -- American International Group Inc. Chief Executive Officer Martin Sullivan is seeking to relax accounting rules that forced the world's biggest insurer by assets to write down $11.1 billion on debt securities in the fourth quarter.
I'm literally going to buy myself a big bag of popcorn and a sixpack, ready to bring out on the night (I'm in Australia) the US market crashes. Australia will follow the next day. For four years I have watched this credit bubble grow and grow, asset markets rise and rise. It's been agonising. Emotionally exhausting. But now I'm ready to strike. Debt-free and cashed up, I look forward to picking up high quality assets at generational lows. Patience.
Stock markets recovering, core inflation contained, economy expected to rebound in second half of the year. Nothing to see here, move along now.
Here's an experiment for HPers. Open up that Monopoly™ game box in the closet and take out all the money. March down to a Federal Reserve Branch nearest you and ask to meet with the loan director. Neatly stack the Monopoly money on the desk and ask if he will exchange it for a like amount in crisp, new $20 bills. You only need them for 28 days and you promise to bring every one of them back and pay the interest, cross your heart and hope to die.
They will of course laugh in your face and call a security guard to escort you out of the building. But friends, this bogus exchange, crap for cash, is exactly what the Fed's "auction facilities" are doing. Hide the weenie - Fed style.
Dow and other indices up 1-2%, crisis over! Ben and Pauly have saved the day again!....The CEO of Hovnanian from CNBC wants policies that keep the housing engine going...aka keep those house prices high! Idiot! we know he needs a new Porsche, so he needs those high margins again!
Screw the little guy!
“Can You Believe This Is Really Happening?”
Do you mean, how HP is morphing from a Housing Blog into a Finance Blog?
Well, it IS all related…
Keith, how about running a thread on how to increase (or at least PRESERVE) one’s wealth during this meltdown?
-Mammoth
Swann just did a post about how Real Estate is all about positive cash flow and responsible borrowing.
I keep telling him what a POS he is, but I don't think he is listening
My parents were married in 1931,he 21, she 16, so I grew up in a very frugal family and always heard stories about the Great Depression.
With all the safeguards that were put in place at that time I never thought that I would ever see a chance of history repeating itself.
Unfortunately, those safeguards have been voted out, not enforced, or ignored.
The clueless ness of people that I talk to even, say, six months ago is starting to turn to awareness, but too little, too late.
It seems that every couple of generations we to have "the basics" rammed down our throat. I just hope we survive this time.
This cannot end well!
You guys are a total joke. A total joke. You think that you will escape this possible depression that out nation will enter? What makes you HP'ers so darn special? You guys will suffer right along with the FB'ers. The only difference is that the FB'ers borrowed money they didn't possess and had a great time while you folks were the exact opposite and yet you still lose!!! HA, LOL.
That dead cat sure can bounce!
Yes the New World Order is going to collect guns, destroy the dollar, destroy the US economy and enslave the globe. Why is this a surprise. The conspiracy is the official story.
I watched MSNBC last night (I know I know the MSM is all lies) and there was a show about an Arab desert-country called Dubai.
Basically these sheiks out there decided to reinvest their $100 a barrel of oil money into a huge real life Disney land.
10 years ago all the money was going to jihad, now with all the extra cash they are transforming the look of the land, from the tallest building in the world, to an indoor Ski slope despite the desert heat, they mentioned that people blast the AC with the windows and doors open etc.
Is all this possible?
Is this sustainable?
HPers…. How can it be that a people that do not produce anything and add no value to the progress of man kind,
No contributions to any technologies
No contribution to medicine
No contribution to art
No contribution to knowledge / education
No contribution to any kind of innovation
Etc. etc.
that they can be successful by just purchasing massive amounts of stuff?
Is the plan to simply survive by attracting tourist?
I mean; cant any other country do the same? If this nutcase in Venezuela decided to build huge entertainment centers would that then put all of Dubai out of business?
Or safer places like India or China
Are we looking at the future of empty soaring structures as a monument to the fake Global economical boom of the early 21st century?
Keith, we are on the verge of a major paradigm shift. I am still in the proces of opening an HSBC China Premier account and don't have my funds there yet - I pray that paradigm shift doesn't happen today (but it could).
God help us.
This is exactly like the last crash I lived through.
For having such a weak dollar there sure are allot of assets chasing my dollars all of a sudden.
Additionally, the big spenders are now all saying they wish they put some money away as they scurry to make overhead this month and wonder how long they can sustain.
At the metals shop buyers and sellers are equal. In order to see more big upswings in gold we need A BUYING PANIC FRENZY.
Here in LA I am meeting folks from Arizona with car loads of stuff for sale that they can’t liquidate at home.
Europe depends on dollars for tourism, at some point they will see a very deep recession. For such a weak dollar why aren’t there more Euro tourists in America? I’ll tell you why, Europeans are in the same mess we are.
Buahhahah,
DOW is back!!! Fools!
The only way we can get the hell out of this mess is to bring back manufacturing to the U.S., but it looks like it won't be happening any time soon. As of this week, another company is laying off people and leaving Sacramento for Singapore. Check out Affymetrix.
http://sacramento.bizjournals.com/sacramento/stories/2008/03/17/story3.html?b=1205726400^1605506
The only way we can get the hell out of this mess is to bring back manufacturing to the U.S., but it looks like it won't be happening any time soon. As of this week, another company is laying off people and leaving Sacramento for Singapore. Check out Affymetrix.
http://sacramento.bizjournals.com/sacramento/stories/2008/03/17/story3.html?b=1205726400^1605506
Americano is really f**cked.
I'm shocked that the Dow is more than 10% below its peak and that interest rates are low. As we all know, this scenario is historically unprecedented and clearly signifies the end of the US economy and the world as we know it!!
What is amazing is that the pretense of helping out the struggling middle class has totally disappeared. The Fed, an unelected institution, is destroyiing our currency and our standard of living by bailing out the people who made trillions in the past 6 years right before our eyes.
The lesson here is be responsible, save and live within your means and take it in the @ss. Lie, cheat and steal and when thing lead to ther inevitable conclusion you will be bailed out and get to keep all your ill-gotten gains.
God Bless America!
the stock market is down 10% from all time highs, housig is down 5% from all time highs and unemployment is under 5%
wow shocking
"Stuck in So Pa said...
My parents were married in 1931,he 21, she 16,"
That is sick. One more little insight into what kind of white trash this blog is made of.
Mammoth said...
Do you mean, how HP is morphing from a Housing Blog into a Finance Blog?
Well, it IS all related…
Keith, how about running a thread on how to increase (or at least PRESERVE) one’s wealth during this meltdown?
-Mammoth
Mish posts daily about capital preservation. Getting a decent return also.
http://tinyurl.com/d8q6j
I have a suggestion for a question of the day.
In eight years will Elliot Spitzers wife run for governor of New York?
Here I was thinking Austrailian currency might be fairly safe until I read what nme wrote above. Anyone know of a safe currency that might hold if the US system fails? Certainly not the yen or the euro - how about the Canadian dollar??? I'm petrified but I'm not seeing fear in people I work with yet. Only one woman I work with seems to get what's potentially going to happen.
Dollar has reached the wheelbarrow stage in Europe:
http://tinyurl.com/2q6n6g
We're all in the same boat folks. Do you have enough food and water to support yourself and your family for years? I have news for you: people won't be trading their food and water for gold and silver.
Anyone see Jesse or Sharpton lately? Wonder why?
NO!!!!!
An Un-Elected official is at the wheel steering our whole country into a massive iceberg!!
THE DOLLAR IS WORTHLESS--
And All he seems to care about is keeping his Wall St. cronies happy for another DAY!!
This is F'd beyond belief!!
GET OUT OF THE DOLLAR NOWWWW
If this house of cards falls apart, you will be lucky to even have popcorn to eat, if anything at all. If the USD becomes worthless, who will sell us their food for greenbacks that can't even be used as toilet paper?
The writing was on the wall....everyone was just too busy watching American Idol to see it.
The Fed (Helicopter) is in survival mode! They are looking for more suckers to take on more debt. Don't be a sucker!
We need to continue to sit back and enjoy the show! We have a ways to go before we really know the extent of the damage.
We are a debtor country which is all debted up and every American should be concerned. Cheap money will not pay off our trillions of dollars of debt.
Put your cash where you wish, stay short on this market and get ready for more bad news!
hey, did Neil cut a hole in the bottom of the popcorn box?
step 1: cut a hole in the box
step 2: put your d*ck in the box
Anon 6:56 PM said...
"If the USD becomes worthless, who will sell us their food for greenbacks that can't even be used as toilet paper?"
--------------------------
Then we'll just have to grow our own food here again!
Support your local Farmer's Market.
Read up on CSA's (Community Supported Agriculture).
Or...grow your own garden!
Got Seeds?
-Mammoth
The stock market has bottomed, recovery will follow soon. Time to buy.
*****ALERT*****
INSIDER TRADING... JP MORGAN?....
this is gonna be interesting...
http://wikileaks.org/wiki/Whistleblower_exposes_insider_trading_program_at_JP_Morgan?=dugg
http://digg.com/business_finance/Whistleblower_exposes_insider_trading_program_at_JP_Morgan
So what's on the big screen?
1. Sucker's Rally 1 - Deadly Ground
2. Sucker's Rally 2 - Underworld
3. Sucker's Rally 3 - Dark Territory
4. Sucker's Rally 4 - Vault Raiders
5. Sucker's Rally 5 - Revolutions
God Bless America!
No nooo, according to Obama's mentor of 20 years, Rev. Wright, it's "GOD DAMN AMERICA!"
[lies, damned lies, securities]
"Cross-Dressing Securities"
from Business Week, Mar 13, 2006
"In February[2005], Moody's, the
debt-rating agency that had generally been the most skeptical of hybrids, issued new policies outlining when it would deem portions of an issue of hybrids to
be equity.
That meant companies could issue
hybrids to buy back stock without
hurting their credit ratings.
[Erin] Callan and competing
investment bankers got busy
engineering hybrids to meet
Moody's tests for equity and
IRS tests for debt expense."
The stock market has bottomed, recovery will follow soon. Time to buy.
Go ahead. Lease a brand new Bentley while you're at it and buy a McMansion with interest only loan. Don't forget to vote for Obama, too.
BUAHHAHAAH,
DOW UP 420 Points!! Now Bitter renters will have to suck it up.
The game is over, economy back on track. Adios!!!
Hmmm, let's see, the Fed has only $400 billion left after lending $400 billion. I'm doing a back-of-the envelope calculation here and ..hmmm zillion more banks to go under... nope, it seems tight.
But Paulson said that everything is ok...it must be true.
The answer is simple, declare the post Bretton Woods system bankrupt and that would freeze everything. They cant buy and sell. Then reorganize the system and go back to a fixed exchange rate system and nationalize the Fed.
BUAHHAHAAH,
DOW UP 420 Points!! Now Bitter renters will have to suck it up.
The game is over, economy back on track. Adios!!!
Aren't you tired yet? Every time you cheer these fake rallies, the market sinks into the toilet the next few days. Wanna bet?
Tent cities in the glorious US of A:
http://www.youtube.com/watch?v=CnnOOo6tRs8
Ohhhhhhhh Keithhhhhhhh!
Where are youuuuuuuu? Come out where ever you are. DOW is up 420 Points!
Come on out don't hideeeee!
We all know how much you've been screaming lately "FIRE! FIRE!". Well is time to show up and tell us why the DOW is kicking your ass.
Come on now Keith I want to hear all your various liberal explanations for the huge market rally today.
You better be right about this financial Greater Depression Crash that you've been talking for years, otherwise, you will be known on the Internet as the real DOPES!
I admire you for putting your reputation on the line but I must say this might just be the beginning of a correction and perhaps some stability to the financial markets.
Are we finally seeing a bottom?
Was all this financial melt down Greater Depression an illusion by Keith, hmm just an illusion? Come Keith let us know where you stand now.
:)
Dow is down over 20% for the year measured in Euros and over 40% measured in gold
In dollar terms its down about 10%
Someone check my numbers - too lazy tonight to get the exact #s I admit
If the dollar got debased another 50%, and the Dow was even for the year, would you think it was going fine?
I know this concept of dollar destruction is too much for most people, so let me try another example
In Zimbawbe, inflation is runing over 100,000%. That's right, 100,000%. So if you invested in their stock market and in their currency, and you made 10%, would you be happy?
Got it now?
And for anyone who says "but wait, inflation is only 4%", I encourage you to dig deeper into the inflation number the government is reporting. It's laughable. Shadowstats is a good start.
Anonymous said...
Ohhhhhhhh Keithhhhhhhh!
Where are youuuuuuuu? Come out where ever you are. DOW is up 420 Points!
I admire you for putting your reputation on the line but I must say this might just be the beginning of a correction and perhaps some stability to the financial markets.
Are we finally seeing a bottom?
Was all this financial melt down Greater Depression an illusion by Keith, hmm just an illusion? Come Keith let us know where you stand now.
:)
You've been sweating bullets haven't you? Short term, short bus, waiting for a correction idiot.
:)
The only tiny positive about this dollar inflation is it's doing a number on my student loans which are locked in at the insanely low rates of a few years ago. At least I have the revenge of paying back my loans to these irresponsible idiots in reduced-value dollars. As far as the pitifully small amount of money I do have, it's been nearly impossible to hold onto it's intrinsic purchasing power. A bit of gold, a painfully low-interest CD, and that's about it. I feel you guys' pain. I'm just glad I never tried buying a house. The basic mortgage math was so unfavorable that I never even considered it seriously. I was jealous for a while... but don't feel that way anymore! Only thing I regret is not having a place for a substantial garden. Keep posting, this blog has been really educational and eye opening.
March 18, 2008 9:47 PM
Anonymous said...
"Ohhhhhhhh Keithhhhhhhh!
Where are youuuuuuuu?"
I LOVE IT!!!
ANONYMOUS ASKS KEITH WHERE HE IS.
Where are you ANONYMOUS??
CHICKENSHIT!!!
If the dollar got debased another 50%, and the Dow was even for the year, would you think it was going fine?
-----------
Keith,
Are you Peter Schiffs? I've heard this explanation a dozen times before, but the truth of the matter is currencies have always fluctuated. Sure short term the value of U.S. currency along with inflation is in a very bad position, but that doesn't mean we can't rebound in the long term if the right levers are pulled. Sure some people and businesses will be hurt when this all plays out but it doesn't mean a Greater Depression in the making. I see it more as a recessional bump, that will come and pass within a two year period at most.
The fact of the matter is that is only a matter of time before the European Union and other nation economies begin dropping rates to counter the high price of exporting that will start to hurt businesses, as I'm sure its already begun too.
This will have an upward evaluation effect on the U.S. Dollar against the Euro.
I think you under estimate the size and diversity of the U.S. economy and to which much of the rest of the world depends for their economies to strive. The fall of the U.S. Dollar is not an American Problem, it is a world problem, therefore, it is ludicrous to think that the world will allow this to happen.
:)
I LOVE IT!!!
ANONYMOUS ASKS KEITH WHERE HE IS.
Where are you ANONYMOUS??
CHICKENSHIT!!!
-----------------
Anonymous,
Looks like your an idiot too. Dumb ass.
:)
Keith,
One more thing, here is some good old proof that will be seeing some interest rates cut soon to counter the decline of the U.S. Dollar.
Like I said it is ludricous to imply that the U.S Dollar will implode, it is a world problem and other economies will follow interest rates cuts soon!
http://tinyurl.com/2462lc
:)
I feel like I am in the twilight zone. Everyone around me is oblivious to what is happening. The stock market is being artifically propped up. There is no way the market keeps holding up at the levels it is without manipulation. Does anyone agree with me? The things that are happening are UNPRESEDENTED IN HISTORY. Am I the only one that sees this???
I feel like I am in the twilight zone. Everyone around me is oblivious to what is happening. The stock market is being artifically propped up. There is no way the market keeps holding up at the levels it is without manipulation. Does anyone agree with me? The things that are happening are UNPRESEDENTED IN HISTORY. Am I the only one that sees this???
I think you under estimate the size and diversity of the U.S. economy and to which much of the rest of the world depends for their economies to strive. The fall of the U.S. Dollar is not an American Problem, it is a world problem, therefore, it is ludicrous to think that the world will allow this to happen.
Sure, we're going to listen to your forecast. This from an idiot who didn't see the housing bubble dropping on his head, didn't see the gold skyrocketing, the dollar collapsing. Things that we've been warning here for years, while positioning ourselves.
Now all these fools want to look smart by denying the huge financial collapse in front of them, just because the PPT faked a rally today. Woohooo, the financial meltdown is over! Kudlow said so! Cramer is telling every sheep to buy financials! How many times have we gone through this since last year?
Seriously, why would we pay attention to a financial imbecile like you, troll? I bet you're in deep sh!t with your finances and the only thing you have to say is: "the fact of the matter is, the fact of the matter is...." is that your new Republican expression to make you feel smart or you got that from the bozos at "Fast Money"?
Wanna a forecast? Huge nosedive in the coming days to fleece the sheep and erase today's phoney rally. Just like happened last week, and the week before, and the week before that...
Fundamentals haven't changed at all, thus cutting rates won't do a thing, just kill the dollar and create inflation. Funny, the cheerleaders are not able to see the evidence right in front of them, to notice that the PPT came around 3 PM, scare sh!tless that the market was heading down, even after the useless rate cut. Go ahead, look today's graphs and pay attention to 3 PM. Do you see that straight line going up when the market was sinking? That was PPT trying to fool sheep like you. Oh I forgot, you think that PPT is a conspiracy theory...
What I can't believe is how short of a memory the market has. Dow up 420! After what happened yesterday.
There are serious problems in the Alt-As. Just 'cause GS and LEH did OK doesn't mean that their counterparties to their hedged positions are solid. It'll all come down to the underlying assets... and who knows how to value them yet.
Also, did anyone see the volume in SPY? It was though the roof. 334.41 Mil. That's like 1/2 the shares outstanding. Huge blocks. More unwinding?
dow down 400 you morons say they end of the world is here
dow up 400 you morons say the end of the world is here
keep renting a shithole 1 bed, driving the 20 year old honda and stashing your money in 2% CDs...that is what morons do
The only tiny positive about this dollar inflation is it's doing a number on my student loans which are locked in at the insanely low rates of a few years ago. At least I have the revenge of paying back my loans to these irresponsible idiots in reduced-value dollars.
If you get ONLY subsidized student loans (and refuse the unsubsidized), it's 0% interest until you graduate.
The gold I got should be able to pay it off eventually.
We're on the 1990s Japan track... except that Japan was an export machine, so its currency stayed stable. The crispy crunchy Americano nation produces nothing but debt. We will end up being the Brazil or Argentina of North America. (Heck, both the USA and Brazil are just over half white now!)
"Stock markets recovering, core inflation contained, economy expected to rebound in second half of the year. Nothing to see here, move along now."
DOPES IN DA HOUSE!
Seriously, why would we pay attention to a financial imbecile like you, troll? I bet you're in deep sh!t with your finances and the only thing you have to say is: "the fact of the matter is, the fact of the matter is...." is that your new Republican expression to make you feel smart or you got that from the bozos at "Fast Money"?
Oh I forgot, you think that PPT is a conspiracy theory...
----------------------
Typical liberal rhetoric. Let me guess the end of the world. Everyone is going to loose everything and be on the streets.
Do you realize how moronic you sound? Sure there are problems and there will aways be problems in economies! But please quit the rhetoric, you sound more like the follower of a cult. Unbelievable!
Let me guess you think 9/11 was done by U.S. Typical heftiest Stand!
Seriously, why would we pay attention to a financial imbecile like you, troll? I bet you're in deep sh!t with your finances and the only thing you have to say is: "the fact of the matter is, the fact of the matter is...." is that your new Republican expression to make you feel smart or you got that from the bozos at "Fast Money"?
Oh I forgot, you think that PPT is a conspiracy theory...
----------------------
Typical liberal rhetoric. Let me guess the end of the world. Everyone is going to loose everything and be on the streets.
Do you realize how moronic you sound? Sure there are problems and there will aways be problems in economies! But please quit the rhetoric, you sound more like the follower of a cult. Unbelievable!
Let me guess you think 9/11 was done by U.S. Typical Leftiest Stand!
can't believe what is happening? dow up 300?
you idiots.
"Anonymous,
Looks like your an idiot too. Dumb ass.
:)
March 18, 2008 10:34 PM"
Beavis,
No you are the dumbass. I was commenting, not calling out Keith. How did I know when I wrote that that some idiot would say exactly what you did?
One of my acquaintances not only bought a house in 2003 with only about 10% down, but did so without paying down any student debt. Between her and her husband, they have $100,000!!! I'm expecting it won't be long before they're underwater. I couldn't believe they would put themselves up to service even more debt. It's an insane mentality, debt becomes the new wealth! What, you don't *own*! You don't want to be a debt slave? You must be poor scum!
Wish I would have gotten all subsidized loans... but my parents *appeared* to make too much money. Plus I didn't know better, straight out of high school, with one crappy economics class that taught me NOTHING useful in the real world. It was all pick random stocks, follow the price, voila look how much money you can make! Let's not cover budgeting or the basics of loan calculation so you can avoid being reemed once you're on your own! Had to learn that using common sense as a guide. Glad I can do math, at least they still teach that (kinda).
Gold and silver seem to be taking a header, stock market looks like its headed for a boring day. Guess no one gets the 'big picture'. What happens if no one ever does? I was always with you guys on the existence of a housing bubble, and the inevitability of a housing correction (thats all it is in most areas--its a crash in ridiculous places like so cal of course). And sure that will cause a recession. But integrating all this into your long-standing end-of-the-world prophecies is just silly. This USD devaluation seems good to me--could stop the flow of jobs overseas and reduce the real debts of both citizens and our government. Only losers in the long-term will be folks sitting on USD in accounts earning 3%.. the same people who always lose.
Beavis,
No you are the dumbass. I was commenting, not calling out Keith. How did I know when I wrote that that some idiot would say exactly what you did?
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Dork!
Let me guess the end of the world. Everyone is going to loose everything and be on the streets.
Who's talking about the end of the world here, financial imbecile? We've gotten fresh news for you:
DOW DOWN 300 POINTS ON 03/19/08. A DAY AFTER YOUR PHONY RALLY THAT YOU CELEBRATED SO MUCH.
Now back to watching Cramer, Kublow, and Fast Money. Go on sheep.
can't believe what is happening? dow up 300?
you idiots.
You mean, DOW DOWN 300 POINTS?
Now look yourself in the mirror and ask loud, "Who's that idiot in front of me?"
Only losers in the long-term will be folks sitting on USD in accounts earning 3%.. the same people who always lose.
Speak for yourself because most here have been preparing for this meltdown and had invested in precious metals, foreign currencies, and commodities wayyy in advance. So you shouldn't be talking to us about 3% returns.
Temporary drop in gold and commodities? Totally expected because the financially f*cked has to sell something to feed their children. Schiff wrote in his book about this expected drop more than 2 years ago. Only you and Bernanke think that dollar devaluation is a good thing. Two geniuses that didn't see any of mess coming, while we've been yelling from the top of buildings for years.
But do like all the financial imbeciles, just deny the obvious until you believe is true. Or continue to say things like, "we might have a recession but that's not the end of the world". At least DOPES! is funny.
These are the same people who were saying, not too long ago, that a recession was improbable or that housing bubble/bust was a ridiculous idea. Now they're changing their story to accommodate their stupidity, while denying that they ever said it. We notice how those financial morons come here, trying to troll a little to numb the pain, cheering fake rallies, feeling stupid because they're always wrong and probably in financial despair. But we HP'ers don't hold grudges, so stick around and you may learn a thing or two. And please please, don't forget to check under your bed for terrorist bogeyman before you go to sleep. Safety first!
DOW DOWN 300 POINTS ON 03/19/08. A DAY AFTER YOUR PHONY RALLY THAT YOU CELEBRATED SO MUCH.
Now back to watching Cramer, Kublow, and Fast Money. Go on sheep.
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Listen Cult Boy,
DOW will be back by the end of the week and the banging will only get louder as you fools begin running with your tails between your legs!
Speak for yourself because most here have been preparing for this meltdown and had invested in precious metals, foreign currencies, and commodities wayyy in advance. So you shouldn't be talking to us about 3% returns.
Knee-jerk angry reply to anyone who doesn't buy into your permanent doom-and-gloom mentality???? I never said that you, me or anyone else was or is holding USD, only that holding USD in interest-bearing accounts is a bad idea. Sounds like you actually agree. Although your fearless leader just called for converting everything to cash, so maybe you should change your mind?
Anonymous bay400 said...
I feel like I am in the twilight zone. Everyone around me is oblivious to what is happening. The stock market is being artifically propped up. There is no way the market keeps holding up at the levels it is without manipulation. Does anyone agree with me? The things that are happening are UNPRESEDENTED IN HISTORY. Am I the only one that sees this???
No, you are not the only one. Is lonely being the one that sees eh?
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