October 15, 2008

Came close. Will we be back?

65 comments:

Anonymous said...

Book it Wiley E. Coyote, You goin' down.

Anonymous said...

Does a bear crap in the woods?

Anonymous said...

You renters are funny, really you are.

We came close to what exactly? I lived it up for the past decade on borrowed money which I will never have to pay back. You on the other hand saved and scrimped, driving 20 years old cars and brown bagging it to work every day while I drove a new luxury SUV and went out to eat every day.

I have nothing to lose. Everything I "own" I don't really, the bank does. So if I lose 100% of nothing, I haven't lost shit.

You all on the other hand are pooping your pants every day. You will lose everything, in order to save me, the victim.

I was never a fan of socialism. Guess I never quite understood it. Now I get it. I act completely irresponsibly and get rewarded for it using your savings. Sign me up!!

Anonymous said...

It's only a matter of time. The federal and state governments in the ole USA are about bankrupt. I believe that the state in which I live--Rhode ISland-- is the odds on favorite to go into receivership/bankruptcy first. Why? Thanks to our public sector unions. Thanks to these unions, its members can retire in their mid-forties in good health and instantly start collecting what was once known as "old age" pensions. Nice. And these pensions are paid to workers who labored at an oh-so long 37.5 hour week...The poor dears....

Agent 99 said...

I can't resist this one.
The Terminator "I'll be back"

http://www.youtube.com/watch?v=C8I4zFSipKs

Anonymous said...

This things gonna blow.

Miss Goldbug said...

We're going over.....


watch out for Oct. 23rd.

consultant said...

The worst administration in American history is just making it worse. They're kicking the ball past the election. After the election Bush and his master pimps will try to get out of town. Has ANYONE seen Condi Rice lately?

Our economic fundamentals are a disaster. Everybody with half a brain knows that. Inflation hasn't taken off because we've borrowed all of this money, putting off payment for a few years. With the recent $700 billion bailout, it hasn't been injected into the economy yet.

And it won't. The criminal banks have the money and a good portion of it will go to the top five percent's homes, booze, women and other play things.

I tell you there are not enough prisons in Russia, China and the US to hold all the people responsible for this continuing Ponzi scheme. Although Bush, Cheney, Mozillo and the producers of HGTV would be a good place to start.

Anonymous said...

.






JUMP!





.

Anonymous said...

Off topic but kinda provoking.

http://tinyurl.com/4v57lh

Anonymous said...

We ARE Going off!! TOO LATE!!!

Anonymous said...

Dow down nearly 300 pts in the first hour of trading.

We now return you to your regularly scheduled stock market crash already in progress.

Anonymous said...

I hope that is George W. Bush pictured.

Yes, we will Go Down again soon like the cheap whore the USA is.

This next time, the game will be over. No One except Paulson and Bernanke believe the tricks can go on. It is said Bernanke is a Student of the Depression, maybe on closer examination he is a creator of the Depression.

Funny how Prof. Krugman wins the Nobel Prize for finance and not one of Bushco-Cheneyburtons team even gets honorable mention...

They are out of bullets. I do hope they save the last bullet for themselves. These incompetent assholes deserve to go away.

Towjam said...

Dow down 300.00.
Could still happen

DOPES 2 said...

JUST LANDED IN ARGENTINA!!!!

SPRING IS IN THE AIR!!!

JUST WANTED TO SPEAK WITH PEOPLE THAT HAVE EXPERIENCED A MELTDOWN!!

TANGILO AND I ARE GOING TO HIT UP SOME HOOKERS AND SCORE SOME BLOW!!!

DOW DOWN . . . AGAIN!!! TOLD YOU TO GET OUT!!!

FRIDAY WILL BREAK BELOW 8000!!!

TARDS!!!

TOOLS!!!

DOLTS!!!

DOPES!!!

dowdeathwatch said...

Dow in 5-6k range by Spring 09

Anonymous said...

Oh yes. You'll be seeing a big plunge or two fairly soon. It's not big news. The Dow Jones isn't worth more than 7500 anyways. Like the average house in the USA is worth $180K. Maybe under half that price is more realistic.

THis blog's pretty cool. At least you can speak your mind here unlike Ben's blog and his entourage of amateur asskissers (they ain't professionals my friends).

Anonymous said...

Probably... we were just measuring our next running leap toward the abyss that first time!

(Hope some of these speculators and CEOs are making provisions to be cared for in their dotage only by actual family members... The folks who can't afford to retire will find that nursing homes are always hiring @ the minimum wage level. Payback's a bitch in a vocational nurse's uniform!)

The sad truth is that the U.S. is just bobbing along helplessly in a sea of choppy self-created bubbles... housing bubble... credit bubble... entitlement bubble... dollar bubble. The "fundamentals" are that we really don't have much in the way of fundamentals. Period.

I feel like I am living through a weirdly surreal crass-reality-T.V./oblique-Bertolt-Brecht-arthouse fusion of the Emperor's New Clothes. Will someone please just admit already that the emperor is naked? Please? L.

Anonymous said...

Anon 12:50pm,
I lived it up for the past decade on borrowed money which I will never have to pay back. You on the other hand saved and scrimped, driving 20 years old cars and brown bagging it to work every day while I drove a new luxury SUV and went out to eat every day.
Times are changing my stupid friend. Pretty soon there will be no credit available for you and you'll go back to where you belong - a trailer park. Of course, if you can afford one. Good luck with your new life stile.

Ross said...

We came close to what exactly? I lived it up for the past decade on borrowed money which I will never have to pay back. You on the other hand saved and scrimped, driving 20 years old cars and brown bagging it to work every day while I drove a new luxury SUV and went out to eat every day.

NICE WORK FATTY.

Anonymous said...

I been to the edge, I stopped and looked down. You know I lost a lot of friends there baby. I got no time to mess around.

Anonymous said...

"Anon 12:50pm,
I lived it up for the past decade on borrowed money which I will never have to pay back. You on the other hand saved and scrimped, driving 20 years old cars and brown bagging it to work every day while I drove a new luxury SUV and went out to eat every day. "

Your parents (if you know who they are) must be soo proud of you.

They did Real Good.

Anonymous said...

Dow 1000 here we come, for it must return back to wence it came. Just like the 29 bustaroo.

Lady Di said...

Watch for the the DOW to gold ratio to move closer and closer to 1:1.

Staying on the sidelines with my gold, cash, popcorn (and gun).

Anonymous said...

"I was never a fan of socialism. Guess I never quite understood it. Now I get it. I act completely irresponsibly and get rewarded for it using your savings. Sign me up!!"
***********
Never a fan but now you're signing up. Hypocritical. (That's an insult.)

I wondered if these many posts that brag about having lived off the taxpayer are sincere, then remembered, oh that's right, this is America.

Anonymous said...

The F-ing tax assesor is here in my shop since Jefferson County has no way to pay back it's sewer bill. I have to pay tax on anything in my store whether it's personal or not... alll of a sudden.

Mark in San Diego said...

Looks like we averted a 1930's depression, but will have a NASTY recession (likely 11% unemployment - so about 1980 style) for two years (Roubini). . .even the Fed agrees today. . .so markets will likely retest lows, but based on less panic, and more fair valuation of stocks based on how well they will come through a recession. Strange today - American Airlines made money. . .the airlines have cut capacity, cut jobs, and planned on $140 a barrel oil. . .now that oil is $76, they can actually make money - - little know fact - airlines made money in the 1930's.

Anonymous said...

At 2:00 pm, Dow down over 5%. Wheeee!

Anonymous said...

Hey Keith, I know the financial crysis has been kinda dragging everyone's attention from other subjets, but I'd really appreciate having more Housing related updates in the flood of credit crush "OMG we're all gonna die!" tickets.
Since the situation is pretty clear for the U.S., you could post about other countries (Europe for now, I guess) experiencing this mess.

I'd also like to know if you still plan to end this blog when the election is over.

Thanks.

Anonymous said...

To all the @#$% bragging about getting away with all the purchases made on tax payer's back:

Work for the state of Cali...Coworkers were for a few years making obscene doing nothing...They bought toys, cars, houses etc galore...Some were stupid and got fired...They lost everything and went back to making average wages...Though they are technically fine they are mentally f*cked...They still remember all the easy $$$ times and they can't be happy with what they have now.

They never learned work ethic, to appreciate what they had and feel less than a man now that they aren't bringing what they used to.

They have the "I USED to make this much" syndrome and most at age 25-34 are VERY bitter...Ever met pessimistic, moody people who are fine but are always miserable?

That will be you.

Most people aren't dying because of the economy but THEY think they are due to all the good times they had once upon a time on other people's money.

Anonymous said...

Thank goodness she doesn't know the real value of most of this stuff. Old paintings, antique dolls. Scared the living daylights out of me. Mean looking lady. Wouldn't smile or be nice until I said is this about the sewer bill? She said no, being in business I'm suprised you didn't know about this. Most of the stuff that I actually use in this store old and crappy like old cash register, so with depreciation was worth nothing. She wrote my laptop down!I scoweled at her and said I didn't use if for business, could have just as easily have left it at home. Have to pay tax because it brought it work today! Made her go and make me a copy of everything she wrote down. Oh, by the way, sales are awful. Need to sell the place since my father just died and he did all my records. Will probably end up going to jail with my book-keeping.
Good grief, this is all I need.
Worried about the banks closing and my mother losing all her money. I did find a list of the banks that are in trouble. Maybe someone intersted. Maybe someone in here listed it..but might help. I check it every day.
http://bankimplode.com/list/troubledbanks.htm
I don't know what to do anymore.
Start some on-line business and buy a house in flint, michigan for $20 off ebay!
And I can't stand Sarah Palin. She is evil. And even tho some of you hate Kieth Oberman, he was right to slam her and McCain last night for standing there and let people scream 'Kill him!' about Obama and Palin just smiling and winking.
That is so low..so low.
Ok, I'm thru now.

Anonymous said...

Buh buh buh...most of you were buying AAPL and other rotten crap on Friday. Geniuses who were buying companies that are more in the Consumer Discretionary sector than in the Tech sector, like AAPL and INTC. What, tell me if those two aren't in the discretionary sector. AAPL even has retail stores! Good luck with those during the depression. Sure, everyone has $2,400 for a laptop during one of the biggest recessions in US history.

Even the oh-so sophisticated investor-opera man Keith was BUY BUY BUY on Friday. What happened? Are you going to lie that you guys are still up and making money?

Sorry guys but I've been making a killing with ULTRASHORT FUNDS. Enjoy your opera and Mac Airs, geniuses.

Anonymous said...

3 PM approaching, disgusting PPT Zionists must be getting ready to fake a positive market today.

thomas jefferson said...

It's not just a little ironic that we've got Condo Rice, a Soviet Russia specialist and an academic, as secy of state and now Russia is going off the hook; We also have Bernanke, a Great Depression specialist and an academic, and now our economy is taking a dive. That's so awesome. Smart people with no real-world experience except studying what they have turned out to have been responsible for.

Coincidence that those things these people have studied have been beyond their control to stop or alter?

keith said...

remember - the stock market is now a casino. it's gambling. it's not investing. those days are over for now

but for gamblers, it's been kinda fun, no?

think we're gonna retest 7800?

I do.

meanwhile, home prices continue to plummet. that's one line that's only been straight down.

The market washes away its excess. it's brutal, but it's efficient.

and yes, I still love aapl. stocks are the only thing people buy when the price is high and don't buy when the price is low.

Mammoth said...

Anon above said,
”They never learned work ethic…”
---------------------
And here I am, trying to UNLEARN my work ethic (only when on company time, though). The reason? Corporations don’t give a sh!t about the prople who are actually doing the work and making them money.

Case in point - below is an email I recently received . Another example of what is wrong with Corporate America, where it is perfectly acceptable to lay off a person who has served his employer for 30 years:
- - - - - - - - - - - -
Dear [Mammoth],

We are at a loss how best to inspect the XYZ tanks. [The person who I laid off last week] developed a visual check inspection procedure that could use some update for the XYZ tank. Can you please work with [new inspector] directly to assist him in identifying what specific items need inspection on these tanks? The parts are hot and we do not have a specification that is meaningful.

[Manager]
Director Quality Assurance and Regulatory Affairs
[Un-named American Corporation]
-----------------------------
Translation:
Last week I laid off an inspector who worked here for 30 years. We just received a complex part from a vendor, and the new inspector has no idea how to inspect it, so Engineering needs to provide support for this. And since Production needs this part right away, please drop whatever you are working on right now and help.

[Moron]
-----------------------------
This asshole probably votes Republican in every election.


-Mammoth

Anonymous said...

Brazil hit the circuit breaker today, down 15%, again. It has hit the circuit breaker for the 14th time in the last 30 days.

DOPES 2 said...

Anon 12:50pm,
I lived it up for the past decade on borrowed money which I will never have to pay back. You on the other hand saved and scrimped, driving 20 years old cars and brown bagging it to work every day while I drove a new luxury SUV and went out to eat every day.
Times are changing my stupid friend. Pretty soon there will be no credit available for you and you'll go back to where you belong - a trailer park. Of course, if you can afford one. Good luck with your new life stile.

October 15, 2008 4:57 PM

"LIFE STILE????"

WHAT A TOOL!!

DOPES!!!

Michael said...

Hey Mr/s anonymous "I lived it up for the past decade"...

You've just revealed to all of us how much of a phony you are, and a dim witted one at that. At least you could have lied a little better, saying that you positioned yourself for whatever is to come. But an obvious lack of education and likely no employable skills (realtor, maybe if you can smile nice) will make life difficult for you in the coming years.

I call BS; you're a liar, and a bad one at that. If you're going to lie, at least try to sound smart about your decisions. I'm guessing that you might have some friends that are already doing this.

Anonymous said...

Keith said:

"The market washes away its excess. it's brutal, but it's efficient."

----------------------------------

Yes. Remember this above all else: The market is stronger than any government intervention, Fed stimulus, mainstream hype to "stay the course", etc.

The market has to purge 25 years of living on credit with most of it occuring over the last decade.

It's going to get brutal. There will be some good days, but the bad ones will far outweigh them. Playing the market right now is not for people that don't have cash to lose.

Buckle up. You've been armed with the information you need going forward if you've been reading this site.

The next 2 years will test us all, my friends.

Anonymous said...

Times are changing my stupid friend. Pretty soon there will be no credit available for you and you'll go back to where you belong - a trailer park. Of course, if you can afford one. Good luck with your new life stile.

------------------------------------

You know, I have been thinking of investing in trailer parks.

In my area, the trailer park land owners kicked the trailer tenants out and got the land rezoned for houses.

Well, some of the former trailer parks have been completely developed but a few of them sit vacant. I am think of getting a couple of investors together and buying one of these undeveloped trailer parks when the market hits rock bottom. could probably get the local government to kick in some tax incentives for "affordable housing" if we turn in back into a trailer park.

Anonymous said...

DOW down 565 with 15 mins to go, so much for that 900+ spike, F-ing market is killing me. It's taking the food away from my table.

SD said...

Keith - what specifically has to happen before you decide that we have "fallen off the cliff"?

I think no matter what happens, it won't happen overnight.

I think we're in for a very long, very deep recession.

Helicopter Ben said...

Yes Today!!!!

Rational Renter said...

Hey Michael,
Anonymous #3's post was satire, methinks.

gold and guns said...

I thought it was over last week!?

Bought DXD midday on Monday and got my ass handed to me by the 3pm rally. But Keith is exactly right, this market is gambling, and betting short is my vice.

Hpers may as well profit from thier insight. As for the dopes and sheeple: go f*ck yourselves.

Anonymous said...

Well, well, well...

Market hit the bottom last week, eh?

There were several people making fun of us tin foil hatters on Monday for not joining in the sucker's rally (DIJA 900+ gain).

So, who's laughing now?

The events in the markets today vindicate those of us who don't fall so quickly for mob mentality. Keith, you are wrong, the markets are not a "casino". The markets are finally getting around to purging what has been needed to be purged for a long time.

Welcome to the New Great Depression.

monkey business said...

think we're gonna retest 7800?

ASOLUTELY.

This is a chaotic system in an advanced state of disequilibrium - see VIX for example. Heck even the VIX is volatile. Something is due to break.

Anonymous said...

Haha, good ol Wiley E. Coyote. The cliff gives way and he plummets thousands of feet to the valley below.

Hits with a crash before staggering to his feet and then gets smacked down with the rest of the cliff that fell with him.

DOPES 2 said...

JUST WAIT UNTIL TOMORROW!!!

TANGELO SAYS HELLO!!

LEARN TO SPELL, TARDS!!!

POPCORN PANIC DOWN HERE IN SOUTH AMERICA!!!

DOPES!!!

Anonymous said...

Dow Down 700+ Wednesday.

The National Enema just starting to loosen up the bowels prior to massive shitfest.

Thursday will be more blodletting.

Forget popcorn bubble. Better buy Charmin and at least 2 ply.

Anonymous said...

"You renters are funny, really you are.

We came close to what exactly? I lived it up for the past decade on borrowed money which I will never have to pay back. You on the other hand saved and scrimped, driving 20 years old cars and brown bagging it to work every day while I drove a new luxury SUV and went out to eat every day.

I have nothing to lose. Everything I "own" I don't really, the bank does. So if I lose 100% of nothing, I haven't lost shit.

You all on the other hand are pooping your pants every day. You will lose everything, in order to save me, the victim.

I was never a fan of socialism. Guess I never quite understood it. Now I get it. I act completely irresponsibly and get rewarded for it using your savings. Sign me up!!"

Your an idiot. The loss of patience in dealing with this type of attitude will lead us to a civil war. If it happens I have a little friend I will introduce you to.

Edgar Alpo said...

JUMP F@CKERS!!

Anonymous said...

Hey Michael,
Anonymous #3's post was satire, methinks.

--------------------------

common, don't spoil it for the rest of us. Part of the reason why I follow this blog is the read the rants of posters who have had their buttons pushed, like Michaels post.

Anonymous said...

It's not just a little ironic that we've got Condo Rice, a Soviet Russia specialist and an academic, as secy of state and now Russia is going off the hook; We also have Bernanke, a Great Depression specialist and an academic, and now our economy is taking a dive. That's so awesome. Smart people with no real-world experience except studying what they have turned out to have been responsible for.
---------------------------------

and we are about to elect a community organizer when our communities are falling apart....

Anonymous said...

Does a bear crap in the woods?

No

Not if it's a polar bear.

Anonymous said...

We are close and will be come back closer the next time.

On a different note, Citi fired a whole bunch of people today. Signs of the times.

Anonymous said...

im up bought monday am sold tuesday am been waiting might buy again soon

Anonymous said...

"keith said...
remember - the stock market is now a casino. it's gambling. it's not investing. those days are over for now

but for gamblers, it's been kinda fun, no?"

As someone once said:
Never mistake the stock market for a casino. Casinos have rules.

bryce in canada (Vncvr&Clgry bubbls) said...

RE: "You renters are funny, really you are. We came close to what exactly? I lived it up for the past decade on borrowed money which I will never have to pay back..."

This person is either a good satirist or a bad liar.

Despite the communist statements utterd by both Obamessiah and McInsane, the over-leveraged people of the world will suffer. Their communist suggestions cannot come to pass, it is simply not possible.

But it is unfortunate that the over-leveraged people symbolized by this person's post have led us to either hyperinflation (most likely) or depression (unlikely).

Those with cash or cash equivalents will make out like bandits in the next few years.

The over-leveraged will suffer in equal measure to their pleasures of recent years.

Ultimately the market wins. Always has, always will.

Anonymous said...

You know, I have been thinking of investing in trailer parks.

I think that's a really GREAT idea. Pretty soon you'll get a lot of customers who used to live "great life stile" on "borrowed money" while we were saving. LOL.

Anonymous said...

DOW down 565 with 15 mins to go, so much for that 900+ spike, F-ing market is killing me. It's taking the food away from my table.

If you cannot afford to loose, don't play. As Keith said, the stock market is a casino now.
Instead of buying stocks, buy some food (canned food is preferred) and maybe some popcorn. :)

Anonymous said...

This is just like when JP Morgan and the guys tried to buy up bad stocks preceeding the depression. They were the experts who declared an end. They were wrong and propping up economies didn't work.

I keep coming back to this point:

"Those who failed history in school are failed to repeat it"

Bush II, bad dog.

Anonymous said...

im up bought monday am sold tuesday am been waiting might buy again soon

Can somebody translate this comment for me please?

wings said...

Thank gawd she doesn't know how to cook rattlesnake meat chili in a Texas BBQ, ho-down rodeo orgy.

The real value of most of this stuff she stuffs into her Thanksgiving turkey is odd for food for guests: Old paintings, antique dolls, scarfs, perfume bottles from the 1800s.

Some say she's mad, but I've tasted the turkey myself, and damn, it's good for having all that corrosive sh=t in it.

She survived the Great Depression, she said, and lived on rock soup for three years straight!

That's right, she'd gather rocks from her garden, or steal the tanbark from the playground and mix it into a hearty broth or home-style stew.

You don't mess wit dat biatch. She down wit what up. Yup.

Scared the living be-hey-soos out of me.

Mean looking lady. Big ass hairy ears. Fangs. Mutton-chop whiskers and a leather jacket.
Liked feminine women.

Wouldn't smile or be nice until I threw her a few scraps of raw mystery meat.

I said is this about the sewer bill or the sewer rat stew you're trying to pass over as legitimate Spider Goulash?

She said no, being in business I'm suprised you didn't know about the Lizard Pot Pie.

Most of the stuff that I actually use in this store to stuff my pot pies and turkeys with is old and crappy like an old cash register, so with depreciation was worth nothing because her Pot Pies and assorted sundries of dry stuffs and deserts appreciated and commanded a premium for good taste.

She threw my laptop down, minced it, and made a sort of salad out of it. It was good. Hearty. I thought it tasted briefly with a hint of allure, nudity and joie de vivre.

I scoweled at her and she slapped my slap-happy cheeks red.

She said I didn't use food for business, nor sex for business.

Both were about pleasure, she said, as she pointed to a tumbling stock market ticker and Maria Bartaromo's sensuous, full lips.

She said Maria could have just as easily have become a fasion model or breeder of beautiful babies and universal sex symbol.

I left my brains at home, obviously because I didn't get her take on Maria, though I love her lips jealously.

I Have to pay taxes because I'm a big, dumb schmuck caught in a socialist web of intrique.

I brought my brains to work today!

She makes mer go and make her a copy of hot coco recipes from Mary Ellen's helpful Hints.

Everything she wrote down she thought was prophetic.

Oh, by the way, sales are awful. The pot pies are falling off a cliff. She needs to sell the place since her father just died of laughter and good cheer as a merry drunk at Jake's Bar and Grill.

I Will probably end up going to jail with my book-keeping notes stealing her bizarre recipes for home cooking from the Great Depression using street junk scavenged.

Good grief, this is all I need, more worries about the banks closing and my mother losing all her ability to emulate that mean woman's battlefield cooking secrets.

I did find a list of the banks that have young babes working in them.

Maybe someone intersted in dating would pay for them and I could make some money to buy some cookies.

Maybe someone in here might help.

I don't know what to do anymore.

Start some on-line porn business and buy a house in Detroit michigan for $2 off ebay!

And I can't stand Sarah Palin unless she's cooking me a toaster and blender cake. She is live.

And even tho some of you hate Kieth Olberman, he was right to slam her and McMuffin last night for standing there and letting people scream Kagunga, Kagunga, Kagunga! about Obama and Palin just smiling and winking.

That is so low..so low. It's lower than my IQ.

Bye.