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economist blames wall street for collapse
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economist blames wall street for collapse
On Sun, 09 May 2010 23:01:16 -0400, wrote:
On Sun, 09 May 2010 21:03:39 -0400, hk wrote: I have no need to pinch pennies. Explain that to BP You must be a right wing, middle class hating, wall street loving limbaugh listening, tea bagger in disguise ;-) BTW Did you get a raise in the last 10 years? the right wing is in denial, believing that the rich will always take care of the middle class. but they're full of bull**** http://www.census.gov/prod/2009pubs/p60-236.pdf see figure 1 on page 7. of course, you're gonna try to bull**** your way out of the facts...but appealing to st. rush limbaugh isn't gonna help you here, sport the middle class hasn't had a raise in 10 years. suck it up, right wing fanatic |
economist blames wall street for collapse
"Canuck57" wrote in message
... On 09/05/2010 3:26 PM, nom=de=plume wrote: wrote in message ... 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. 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. Not at all. If it were not for those low ball limit orders, the market might have hit 0. Limit order protect variances, trouble as at the point of Thursdays almost 1000 point drop there were very few buyers. Nobody wanted US worthless **** for 10 minutes. No big. Some of the biggest losers I would never buy. If you can't take this volitility, then get out. The real stock price is 100% valued at any one point in time to exactly what someone will _pay_ to buy the lot sold. Not one cent less or more. -- There is a sucker born every minute, liberals and our politicians are counting on it. Basically, you know nothing about economics or how the stock market works. Stupidity confirmed! |
economist blames wall street for collapse
wrote in message
... On Sun, 9 May 2010 14:26:49 -0700, "nom=de=plume" wrote: 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. ... but the money is only real when you sell the stock and if too many people try to sell the stock the price drops so the true "value" is a nebulous thing to define. As I said, that's not the whole story. As a stock drops, other companies and individuals with deep pockets have a better opportunity to take over a company. There's also the confidence factor, which is certainly a real factor with big financial compaies. My brokerage report calls the position "unrealized gains" so we won't get too giddy about our good fortune. Right, well, as I said. As BP found out, all of those gains in his 401k in 2006 were just love letters in the sand. When a significant number of boomers start drawing off their 401ks he won't have much there at all. That is the huge joke on the early 50 somethings and younger about this 401k deal. Much like Social Security, it may be gone by the time they get their shot at it. Unlikely unless they're not investing properly. Diversification actually works. After watching how things went this week, I am thinking about just cashing out my 401k and buying silver coins or something. I bought a bag of silver dimes in the late 90s for 6x face, they are going more like 13x face now. I wouldn't suggest it. It's not liquid. If you're really concerned, put your money in Treasuries. BP wishes his 401k was doing as well and if the dollar crashes, silver will be worth more. I am just sorry I didn't buy a wheel barrow full. I have ~10,000 rounds of ammo that has appreciated quite a bit more than that in the same time frame. My machine gun is 10x what I paid for it. I may cash that one in this year. Paper is not the only way to hold money. Umm... there's really no such thing as paper any more. It's all digital. :) |
economist blames wall street for collapse
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economist blames wall street for collapse
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economist blames wall street for collapse
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economist blames wall street for collapse
"bpuharic" wrote in message ... On Mon, 10 May 2010 00:37:13 -0400, wrote: you're stupid enough to think it's 2500% When did I say that? You said zero and I called you on it no, you said massive inflation i'm waitin for you to post your proof that the US is undergoing massive inflation 2.5% is about normal inflation over the last 30 years or so for the economy. obama is NOT causign massive inflation The only reference I have made to massive inflation is when we can no longer get our debt serviced. That might not be that far off. you right wingers. you hate obama. why? well...'might...could...perhaps...' you get hysterical about events that havent happened while ignoring what bush actually DID to the economy. the only logical conclusion is that you hate obama because of his race Why do say people hate the POTUS just because they disagree with his physical policy? Then you throw in the nonsense that it's all because he is black. You need some help and not just a raise in pay. |
economist blames wall street for collapse
"D.Duck" wrote in message ... "bpuharic" wrote in message ... On Mon, 10 May 2010 00:37:13 -0400, wrote: you're stupid enough to think it's 2500% When did I say that? You said zero and I called you on it no, you said massive inflation i'm waitin for you to post your proof that the US is undergoing massive inflation 2.5% is about normal inflation over the last 30 years or so for the economy. obama is NOT causign massive inflation The only reference I have made to massive inflation is when we can no longer get our debt serviced. That might not be that far off. you right wingers. you hate obama. why? well...'might...could...perhaps...' you get hysterical about events that havent happened while ignoring what bush actually DID to the economy. the only logical conclusion is that you hate obama because of his race Why do say people hate the POTUS just because they disagree with his physical policy? Then you throw in the nonsense that it's all because he is black. You need some help and not just a raise in pay. Oooops...physical = fiscal |
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