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Sublime Peach





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  posted on 9/17/2008 at 11:10 AM




[Edited on 1/6/2012 by jerryphilbob]

 
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Universal Peach



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  posted on 9/17/2008 at 12:38 PM
And if the stock goes up, we could make some money.......How many times has the government done that? A joke, of course......Don't throw your greenbacks away to quickly, Jerry. The dollar has actually increased in value over the past several weeks.
 

Zen Peach



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  posted on 9/17/2008 at 01:04 PM
quote:
The US People now own the largest hedge fund ever created with most of it in bad debt. Reagan and Clinton are mainly to blame for this mess but in the long run it was pure greed that has caused this disaster. Once they repealled the Glass/Steagall Act it was only a matter of time before it would catch up to us. And this is not over yet. Do anything you can to get out of the US dollar. Don't go down with the ship.


http://www.youtube.com/watch?v=rnH0tGjHm1Q




There've been almost twelve years now of a Bush in the white house....you mean neither one of them shares any responsibility for this mess?

 

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Maximum Peach



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  posted on 9/17/2008 at 01:09 PM
quote:
And if the stock goes up, we could make some money.......How many times has the government done that? A joke, of course......Don't throw your greenbacks away to quickly, Jerry. The dollar has actually increased in value over the past several weeks.


Is it a case of true dollar strength, or weakness in other currencies?

 

Ultimate Peach



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  posted on 9/17/2008 at 01:12 PM
The USD/CAD is trading at the lower end of the recent range with the bond market pricing in worse case scenarios and the FX markets trading defensively in this highly volatile environment. Today is a light data day with only US housing starts to provide fundamental direction. While recent market turbulence has been dramatic culminating with yesterdays 2-yr, $85-bn US Government loan to AIG, the dollar remains resilient as current market uncertainty is being viewed as more of a global issue than a domestic one.

The Euro is finding support as money moves out of the JPY and GBP while ECB remains committed to fighting inflation with higher interest rates. The British pound is down as potential emergency sale of UK mortgage broker HBOS to Lloyds TSB puts focus on deteriorating domestic fundamentals.

 

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Maximum Peach



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  posted on 9/17/2008 at 01:21 PM
quote:
The US People now own the largest hedge fund ever created with most of it in bad debt. Reagan and Clinton are mainly to blame for this mess but in the long run it was pure greed that has caused this disaster. Once they repealled the Glass/Steagall Act it was only a matter of time before it would catch up to us. And this is not over yet. Do anything you can to get out of the US dollar. Don't go down with the ship.


http://www.youtube.com/watch?v=rnH0tGjHm1Q


Please tell me you don't base your financial planning off of anything this bozo has to say...

 

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Zen Peach



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  posted on 9/17/2008 at 01:32 PM
quote:
Please tell me you don't base your financial planning off of anything this bozo has to say...
LOL - so it's not just me getting bad Don vibes...

 

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Maximum Peach



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  posted on 9/17/2008 at 01:40 PM
quote:
quote:
Please tell me you don't base your financial planning off of anything this bozo has to say...
LOL - so it's not just me getting bad Don vibes...
It's ridiculous.

 

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This one goes to eleven...

 

Zen Peach



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  posted on 9/17/2008 at 02:14 PM
quote:
quote:
quote:
Please tell me you don't base your financial planning off of anything this bozo has to say...
LOL - so it's not just me getting bad Don vibes...
It's ridiculous.


Specifically, what did he say that rubs you all the wrong way? Just curious.

 

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Maximum Peach



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  posted on 9/17/2008 at 02:43 PM
My initial reaction is more of an ascetic one. I am not about to take any invest advice from a guy in a mustard shirt on YouTube. Maybe I'm shallow. So be it. But I've woked on the Street long enough to know better. Additionally, this guy sells his technical day trading stategy on the internet. What is his strategy in this case? I didn't hear one. It was just a reactionary diatribe. And to what end, I'm not sure.

Philosophically, I don't disagree with some of what he had to say, but his view is ridiculously myopic.

 

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Peach Master



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  posted on 9/17/2008 at 03:10 PM
I don't really blame, Bush, Clinton or Reagan for any of this. I blame the greedy CEO's, boards and investors who were only interested in huge profits and disregarded any common sense in loaning money to folks who either weren't going to pay from past history or had more money tied up in mortgages than they could afford. Then alot of these companies got on the gravy train and invested in these garbage loans so they could get a piece of the huge profits they were generating. Now we the taxpayers are being forced to bail out these greedy bastards. If you have a mortgage, your getting hit twice if not 3 times. I got to pay my mortgage each month, my home value has dropped because of this crap and then my tax dollars are going to bail these crooks out. Everyone ought to be pissed off at both parties telling corporate america, go ahead, cheat, lie, steal, do whatever you have to keep those dividends rolling in we're here to take care of you when your bad investment decisions get you in trouble. No problems!
 

Ultimate Peach



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  posted on 9/17/2008 at 03:22 PM
The Federal Reserve and monitary policy of our government has played a huge role in all of this mess. Why do we even have a secretive Central Bank with all of this power? Where do I find that in the Constitution?

 

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Peach Master



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  posted on 9/17/2008 at 04:22 PM
quote:
The Federal Reserve and monitary policy of our government has played a huge role in all of this mess. Why do we even have a secretive Central Bank with all of this power? Where do I find that in the Constitution?


It's not in there, the authority lies w/ Congress, but good luck trying to get them to show any responsiblity when they can throw their constitutional job duties off on some secretive organization the prints money at the drop of a hat when we need some cash flow to pep the economy back up. Subsequently, your dollar keeps sliding lower and lower.

 

Zen Peach



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  posted on 9/17/2008 at 04:36 PM
quote:
I don't really blame, Bush, Clinton or Reagan for any of this. I blame the greedy CEO's, boards and investors who were only interested in huge profits and disregarded any common sense in loaning money to folks who either weren't going to pay from past history or had more money tied up in mortgages than they could afford. Then alot of these companies got on the gravy train and invested in these garbage loans so they could get a piece of the huge profits they were generating. Now we the taxpayers are being forced to bail out these greedy bastards. If you have a mortgage, your getting hit twice if not 3 times. I got to pay my mortgage each month, my home value has dropped because of this crap and then my tax dollars are going to bail these crooks out. Everyone ought to be pissed off at both parties telling corporate america, go ahead, cheat, lie, steal, do whatever you have to keep those dividends rolling in we're here to take care of you when your bad investment decisions get you in trouble. No problems!



All true, but at the same time it was Americans who didn't read the fine print and signed onto mortgages that they knew they couldn't afford. The oldtimers who lived through the Great Depression are tapping us on the shoulder saying "If it's too good to be true, it probably is." Buyer be ware, read the fine print, don't by what you can't afford.

 

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Peach Master



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  posted on 9/17/2008 at 04:45 PM
quote:

All true, but at the same time it was Americans who didn't read the fine print and signed onto mortgages that they knew they couldn't afford. The oldtimers who lived through the Great Depression are tapping us on the shoulder saying "If it's too good to be true, it probably is." Buyer be ware, read the fine print, don't by what you can't afford.


There's plenty of blame to go around from top to bottom, the problem is now those of us who understand what's going on (I've got an ARM by the way but I also have almost $50K of equity in my house right now and I know how it works and what I have to do when it comes up in a few years if I still have my current house) and make sound financial deals and do things the right way are left holding the bag for those who wanted to make a quick buck and those too stupid to understand just because I got approved for a 300k loan doesn't mean I need to go out and get a 300K house. They need to let those folks drown along w/ the organizations that wanted to get the double digit payout on quarterly dividends. It's the only way they'll learn, if we keep bailing folks out, we'll be repeating this same story again in another market in a few years.

Savings and Loan
Dot com
Energy
Housing
Just to name a few.....
Who's next???

[Edited on 9/17/2008 by tigerman73]

 
 


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