<TABLE class=tborder style="BORDER-TOP-WIDTH: 0px" cellSpacing=1 cellPadding=6 width="100%" align=center border=0><TBODY><TR title="Post 5862508" vAlign=top><TD class=alt1 align=middle width=125>Willie99</TD><TD class=alt2>Consumer and investor confidence has been being pounded for over one year now, carefully nurtured, fertilized and watered by politicians and their willing enablers.
The economy runs into a real hiccup, something none of the above farmers were forecasting either, a credit crunch.
There are real and underlying problems in the credit industry, but like everything else, they are being sensationalized. The lack of cash flow and a silent run to withdraw deposits forces a bank like Wachovia to be bought out. The lack of credit and the resulting cash flow problems force a company like AIG to require bailing out. Mark to market compounds the problems still.
Now the stock market is suffering from a full bore panic sale. Just as a run a bank deposits can put good banks out of business, the panic sale in the markets will bring about a weaker economy.
Because of the widespread fragile consumer and investor confidence we nurtured, what should be another hiccup to overcome becomes a potential economic disaster.
Keep selling assholes, and create the very thing you're fearful of.
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So youre the guys calling for Cramer to be fired for advising that people begin to sell this load of shit while its still worth a load of shit which isnt much but its still worth more than nothing. He's getting pilloried for this statement BTW for simply stating the facts about the current state of the Market. You OK with that? Or is that what you would classsify as being un-American?
What are you trying to say? They stock market is really just fine? Its just your imagination and the media sensationalizing the whole thing?
How much do you know about the global collapse thats killing off British or German Banks. Are the sensationalists at work over there too? :nohead:
When the big joo banks went down even a two year old realized it was OVER..
But Willie's gonna keep his finger stuck in that dyke till the cows come home.
Buy!Buy!Buy!
Bravo!
Comedy gold!:missingte
The economy runs into a real hiccup, something none of the above farmers were forecasting either, a credit crunch.
There are real and underlying problems in the credit industry, but like everything else, they are being sensationalized. The lack of cash flow and a silent run to withdraw deposits forces a bank like Wachovia to be bought out. The lack of credit and the resulting cash flow problems force a company like AIG to require bailing out. Mark to market compounds the problems still.
Now the stock market is suffering from a full bore panic sale. Just as a run a bank deposits can put good banks out of business, the panic sale in the markets will bring about a weaker economy.
Because of the widespread fragile consumer and investor confidence we nurtured, what should be another hiccup to overcome becomes a potential economic disaster.
Keep selling assholes, and create the very thing you're fearful of.
</TD></TR></TBODY></TABLE><!-- / close content container --><!-- open content container -->So youre the guys calling for Cramer to be fired for advising that people begin to sell this load of shit while its still worth a load of shit which isnt much but its still worth more than nothing. He's getting pilloried for this statement BTW for simply stating the facts about the current state of the Market. You OK with that? Or is that what you would classsify as being un-American?
What are you trying to say? They stock market is really just fine? Its just your imagination and the media sensationalizing the whole thing?
How much do you know about the global collapse thats killing off British or German Banks. Are the sensationalists at work over there too? :nohead:
When the big joo banks went down even a two year old realized it was OVER..
But Willie's gonna keep his finger stuck in that dyke till the cows come home.
Buy!Buy!Buy!
Bravo!
Comedy gold!:missingte
"It's impossible to predict the bottom, and technical analysis is meaningless as panic and fear overwhelm the markets," said Jang Huh, managing director at Prudential Asset Management in Seoul.
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Panic is a sudden fear which dominates or replaces thinking and often affects groups of people or animals. Panics typically occur in disaster situations, or violent situations (such as robbery, home invasion, a shooting rampage, etc.) which may endanger the overall health of the affected group. The word panic derives from the name of the Greek god Pan, who was said to have the ability to cause extreme, irrational fear, especially in lonely or open places. Panic is also known as Anxiety.
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the panic selling is essentially a self fulfilling prophecy
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Panic is a sudden fear which dominates or replaces thinking and often affects groups of people or animals. Panics typically occur in disaster situations, or violent situations (such as robbery, home invasion, a shooting rampage, etc.) which may endanger the overall health of the affected group. The word panic derives from the name of the Greek god Pan, who was said to have the ability to cause extreme, irrational fear, especially in lonely or open places. Panic is also known as Anxiety.
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the panic selling is essentially a self fulfilling prophecy
Cincy, I didn't post this thread 3 weeks ago, I posted it on 10/10/08. Of course, if you're smart enough to time the market perfectly, good for you. Let us know when it's time to buy.
TR, I didn't advise anyone to buy, although that is probably not bad advice today. I am advising everybody to live your life has you normally would, with a few exceptions of course.
TR, I didn't advise anyone to buy, although that is probably not bad advice today. I am advising everybody to live your life has you normally would, with a few exceptions of course.
If I was smart enough to time the market perfectly, I would have dumped everything BEFORE Lehman fell, Willie ... I dumped it AFTER.
If I were really smart, I should have seen it in months ago when Bear Stearns took a hit ... so drop the sarcasm... but I take comfort in the fact that I wasn't dumb enough to keep it for this extra month and that saved me close to $40,000.
When will I go back? After Bernanke raises interest rates a couple of times ... and even then, it's a maybe.
Ive lost a good amount of money in various funds and stocks this year.....like alot of folks.Hegded it with a nice property that I now rent out,if your looking for a place.Ive also know what I hold and feel confident that in the end Ill end up on top of where I began overall.So for the long term theres no need to panic,sorry.If youre paranoid and panicky then pull out.You got a book full of doggies,pull out....wtf do I care?You contribute to the good stocks appearing to be shit,getting value for all and will make it easier for those Wall St execs to make money on the actual shitty stuff when it gets its bounce.
What do Wall St exec have to do with this discussion anyway?
Are you advocating making money in the fashion theyre accustomed?
High risk,high reward,huge stakes?
Now thats some useless advice.
I've seen 10 articles about panic in the markets, I just couldn't find them this morning, so I settled for the Asian guy.
Asian's are supposed to be smart y'know, it's not like he's from Kenya or something.
Anyhow, are you a racist?
Asian's are supposed to be smart y'know, it's not like he's from Kenya or something.
Anyhow, are you a racist?
I'm fucking around
