economist blames wall street for collapse
 

On 09/05/2010 10:38 AM, bpuharic wrote:

really? you mean 100M americans DIDNT get screwed by the market in the
last 3 years?

Oh they did, but they screwed themselves.

Money for nothing and chicks for free and the bills didn't get paid.
Voted for cheap credit from a demcrater congress and a fast talking
bull****er like Obama. Denialism at it's best. Over extended debt
monkeys and the corrupt killing the system.

I don't see conservative people suffering, hell, we love this turmoil.
Sideline the cash until the hard leasons are learned well.

Look at it this way. If you have so many leaches on you that you get
sick do you:

1) Put more leaches on you. (Obamanomics of debt, more debt)
or
2) Tighten up the belt, shake off the leaches and get better. (Conservative)

You choose. Obama is trying to solve a massive debt problem with more
debt. All the same problems of 2 years ago exist today, but $2.5
trillion more in the hole and counting.
--
There is a sucker born every minute, liberals and our politicians are
counting on it.

economist blames wall street for collapse
 

On 09/05/2010 11:26 AM, wrote:
On Sun, 09 May 2010 12:40:36 -0400, wrote:

Wall street prices are just the illusion of money.

really? ever sell any stock?


Yes, just last week and because of that I was part of the run on the
market that crashed the value of those stocks.

The fact remains that stock prices are based on what people are
buying, when they sell that "value" quickly disappears.

If there are a million shares of a stock that is selling for a buck
each you could say there was a million dollars worth of value out
there but if somebody actually tried to cash in more than a small
percentage of that stock it would quickly be a 50 cent stock.
In that regard the value is just an illusion.
All you have to do is look at a stock like Pets.Com to see that.
That was Clinton's bubble. In 2000 it looked like the economy was
booming but within a few months that booming stock market crashed when
people actually tried to cash in on that boom. The Nasdaq went from
6000 to 2000 in 12 months (Jan 2000 - Jan 2001). That was a crash you
can't blame on Bush.

I would be setting my limits this week at 30% below. Selectively of
course as some will not rebound.

Pets.com, I would buy it no how. Consumer cyclical and optional. I
doubt pet adoption is high on the minds of the spending public.

But one has to like these liberally mismanaged debt/currency issues.
The market churn is fantasic for profits.

What do you think bottom is? Dow 10,000 or 8000?
--
There is a sucker born every minute, liberals and our politicians are
counting on it.

economist blames wall street for collapse
 

wrote in message
...
On Sun, 9 May 2010 10:05:08 -0700, "nom=de=plume"
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.


Yes, thus the money is certainly real for those exercising trades. It also
has the effect of making companies vulnerable to pirates, who would take
advantage of low stock prices. Again, very real consequences.

economist blames wall street for collapse
 

On 09/05/2010 10:42 AM, bpuharic wrote:
On Sun, 09 May 2010 09:09:09 -0600,
wrote:



For example, you take a 10 year t-bill at 0.5% and say inlfation runs an
average of 10%, then loaning the government cost you 50% in value even
though the $$$ amount in 10 years is slightly up.

It is also why US/Canadian government can no longer borrow money and
create it off their own banks...inflationary ponzi money

really?

by the way...what's the rate of inflation nowadays?

oh. there isn't any.

Funny, we watch what we spend like a hawk and my wife has a good memory
for her shopping. She estimates 5-7% in the last year at the grocery store.

If you use the governments own inflation calculator, you can tell pretty
quick the goverment inflation numbers are bull****. Inflation is always
more than the government states. About 1.6 times I figure. Keeps the
sheep happy to get a 2% raise on a government stated 1.6% when it is
really 2.5%.

That is, a second crash is inevitable at this point. As Obama and
democrats are jack asses if they think they can debt-spend their way out
of a debt depression.

worked in 39, didn't it? our debt burden was higher then than it is
now.

but you're right wing...not too bright....you think black guys will
destroy the US

Work out the government debt in 1939 and the personal rates of income
tax. I rest my case as debt was under control, income tax was much lower.

But if you are suggesting that after Obama and congress screw it up bad
enough, they might start a WWW III to bailout government, they just might.

Could even be this is engineered. How better to get quality recruits
into the armed forces than a government made depression as they gear up
for war. Exactly the same path Adolf Hitler took.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.

economist blames wall street for collapse
 

On 09/05/2010 11:28 AM, wrote:
On Sun, 09 May 2010 12:42:16 -0400, wrote:

by the way...what's the rate of inflation nowadays?

oh. there isn't any.


Bought any oil based products lately? (everything is oil based) There
is certainly inflation going on. The fed is just ignoring it and
borrowing to hide it by printing money.

True. Canadians and US governments are hopelessly broke. They haven't
been able to borrow money from the markets since September 2008 in a
meaningful way. Treasuries, a joke. They just extended the government
debt by the US Fed (Government ponzi bank) to $14.7 trillion or
something like that. 100% of which will be created money, not borrowed.
Which means real problems in currency.

Hell, Greece could do that too if it were not for EU Euro being common.
Any country producing money like this screws the others.

The only reason the US gets away with it is that like GM they are
percieved as too big to fail. But as that perception is realised as
myth, the US is on a downhill ride.

Fortunately shares are like currency. 10000 shares of xyz corp is 10000
shares of xyz corp even if the currency devalues to pesos. One does
want to pick the right time to get in and out of these roller coaster dives.

Time to set some more low ball limit orders. I expect
Monday/Tuesday/Wednesday to be volitile.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.

economist blames wall street for collapse
 

On 09/05/2010 11:33 AM, wrote:

do you know what the value of CDO's was in 2006? care to look it up?


The value was zero, the price may have been high but we now know they
were worthless ... until the government threw tax dollars at them to
give them value.

Much of who got bailed out and why had to do with the owners/depositors
list. Didn't hurt GM and GMAC had Warren Buffet on the owners list.
Look at who is reputed to behind Carlyle Group and Cetberus for auto
bailouts. For banks, look at the depositors.

Say you were some ubber rich, a Gates or Ellison, has a cool billion on
Deposit at Citibank. You can bet your life they would call their
senator, congressman and even president and get the call anwsered. And
the conversation would ahve been like, let them go down and I will pull
out of USA completly. And you like the politicial contributions we
funnel to your party via 200++ businesses right?

Sure, government was on the hook for small depositors of $250k or so,
but it was the ubber rich that drove TARP and the corruption. I guess
Lehmans didn't have the right clientel or they moved before it died
leaving the debt for the taxpayers.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.

economist blames wall street for collapse
 

On 09/05/2010 1:55 PM, wrote:
On Sun, 09 May 2010 14:49:26 -0400, wrote:

On Sun, 09 May 2010 13:33:13 -0400, wrote:

On Sun, 09 May 2010 12:43:06 -0400, wrote:


BP usually limits this rant to the CDOs and there is no equity
position in them.

do you know what the value of CDO's was in 2006? care to look it up?


The value was zero, the price may have been high but we now know they
were worthless ... until the government threw tax dollars at them to
give them value.

ROFLMAO!! of COURSE THEY ARE WORTHLESS YOU MORON!! that's why we're in
a DEPRESSION

in 1996 CDO's were worth 1 trillion dollars

10 years later they were worth SIXTY TWO TRILLION DOLLARS.

You seem to be confusing "value" and "price".

There were people who paid a thousand dollars for a cabbage patch doll
but that did not mean they were worth $1000. A year later they were 99
cents at the Goodwill.

$1000 probably went on the credit card with monthly payments too.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.

economist blames wall street for collapse
 

On 09/05/2010 11:40 AM, wrote:
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.

If my broker screwed up one of my trades, I would ask his manager if
they liked my business, they would fix it. And if they didn't, I would
put the facts on the internet. I don't tollerate screw ups on my
banking/trading.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.

economist blames wall street for collapse
 

On 5/9/10 5:56 PM, Canuck57 wrote:
On 09/05/2010 11:40 AM, wrote:
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.

If my broker screwed up one of my trades, I would ask his manager if
they liked my business, they would fix it. And if they didn't, I would
put the facts on the internet. I don't tollerate screw ups on my
banking/trading.


snerk

How much does that little glass piggy bank of yours hold?


--
The Tea Party's teabaggers are just the Republican base by another name.

economist blames wall street for collapse
 

"Canuck57" wrote in message
...
On 09/05/2010 11:40 AM, wrote:
On Sun, 9 May 2010 10:05:08 -0700,
wrote:

It was a trillion that never really existed in the first place. It was
just phony paper "money" they created out of thin air.


While it wasn't cash, if the stocks are sold (and many are), it would
certainly be real!

A stock price is only valid for the last person to actually exercise
that trade and as sell orders come in prices inevitably drop.
Some of my stop loss orders actually traded lower than the price I set
because the market would not support that price in the free fall after
that bozo screwed up one sell order.

If my broker screwed up one of my trades, I would ask his manager if they
liked my business, they would fix it. And if they didn't, I would put the
facts on the internet. I don't tollerate screw ups on my banking/trading.

--
There is a sucker born every minute, liberals and our politicians are
counting on it.


Come on. You don't have a "broker" since you're clearly poor as dirt.