On Jan 22, 8:55*am, "JimH" wrote:
wrote in message

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On Jan 22, 8:29 am, "JimH" wrote:





"hk" wrote in message

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Short Wave Sportfishing wrote:
On Tue, 22 Jan 2008 08:03:03 -0500, hk wrote:

...and Wachovia drive the DOW down a few hundred points today?

Is it the economy, stupid?

Nah - losses have been priced in by now.

It's an odd economy and I think one more like it used to be with more
reasonable lending standards and a more conservative approach to
making money. We've sold our real estate with one more to go and
there wasn't a hang up anywhere - money was available, the buyers had
solid credit and several banks were involved in pricing one loan.

That's a good thing.

On the other hand, Bernacke is completely out of his element here and
it shows. Too many academics on the Fed board and not enough
economists with market experience.

It will be an interesting day.

I'll bet you a fiver that the dow drops below 12000 today. Might not end
up today below 12000, but it will be there for a while.

Could be.

We met with our financial advisor yesterday afternoon to arrange payoff of
a
college loan. He had forecast this drop back in fall and positioned his
clients holdings in less aggressive funds.

Even the bond market is stagnant with the largest holding $12 billion in
cash waiting on the sideline to see how this all works out. If the bond
markets start to drop then you know we are in bad times.- Hide quoted
text -

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If you'd have started college savings programs for your kids, then you
wouldn't have loans to pay off.
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What do you think we are paying it off with dummy?

The loan was 6.5% and my money was making 10%~20% over the past few years.
Do the math if you are able to, which I doubt.- Hide quoted text -

- Show quoted text -

Where the hell were you getting a 20% return?