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I wrote zero about Zeroes. 
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I thought this was a little more than a scare, since the largest mortgage firm in the country is in danger of going under without government intervention."Yay Apoc!!!!!!!" - bipolarbear
"At least there were some thoughts went into Apocalypse." - Urban Ranger
"Apocalype was a great game." - DrSpike
"In Apoc, I had one soldier who lasted through the entire game... was pretty cool. I like apoc for that reason, the soldiers are a bit more 'personal'." - General LuddComment
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I think we're hurting. a Temporary hicup, but even those hurt. I don't see a recession (knock on wood). I do however see a slowing down in the economy to point that we might have to wait a few years for 50% growth...
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Assets are still tremendously expensive. The US economy could be going great guns, but a correction in the stock market still would be long overdue.
There's no support out there for US stocks. Interest rates are higher than they once were. Earnings growth has slowed. Buyouts, the support for the last year or so, are having trouble finding financing in order to close.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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The Nikkei sure is getting hammered. Down 5% for the day.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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IIRC it was about this weird at the onset of the recession.Originally posted by MRT144
could this quite possibly be the wierdest market I've seen in my short life? 99-2000 wasnt this wierd. what about you guys?DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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I remember back in the late '70s. Jimmy Carter and his malaise days. I was working as a roofer and we were going great guns one year with 15 jobs going into summer until a stock market problem hit, plus like 17% inflation, the next year we had ZERO jobs and I had to find other work. That was in New Jersey however and every time something happened in the market all real work just stopped. There was another time when the S&Ls went south... Happened again in like '87 or so with a 600 pt drop, but I had already sold my house to go west.
Nothing worth mentioning has happened since that 600 pt drop that I can recall, so we're due. I've seen some lean times and I know what they take, just hang in and do work where you can find it. Eventually you can get picky again when things get better.Long time member @ Apolyton
Civilization player since the dawn of timeComment
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The Fed is blowing bubble again.Comment
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Re: Bring on the bears!
QFTOriginally posted by DanS
I'm in cash and wanna play!
I came across a lot of extra cash in the winter and I put it in a six month savings account in mid February. I just need to do research on what to get and when. Maybe ETFs, but I think I might have enough money to dabble in some good old stock, I'm 20 and 1/3 through a degree so I can tolerate risk.Cake and grief counseling will be available at the conclusion of the test. Thank you for helping us help you help us all!Comment
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I hope not. But average Americans who have equity have it their houses, in the stock market or both. And both housing prices and the stock market are down.Originally posted by Japher
I think we're hurting. a Temporary hicup, but even those hurt. I don't see a recession (knock on wood).
I can see consumers feeling a lot poorer and, as a result, stopping discretionary spending. That could put us into a recession.Comment
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which would be right on time for 2008-2009Originally posted by Zkribbler
I hope not. But average Americans who have equity have it their houses, in the stock market or both. And both housing prices and the stock market are down.
I can see consumers feeling a lot poorer and, as a result, stopping discretionary spending. That could put us into a recession."I hope I get to punch you in the face one day" - MRT144, Imran Siddiqui
'I'm fairly certain that a ban on me punching you in the face is not a "right" worth respecting." - loinburgerComment
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Looks like the bears are in abeyance.
Interesting confluence of at least 3 problems. I wonder where these things meet.
(1) Illiquid sub-prime loans from the US
(2) The unwinding of the yen carry trade
(3) Hiccups in the commercial paper market in Europe and North America
The WSJ has articles on all of these in Monday's edition.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Well if I have a spot of insomnia this evening, I'll be sure to read them!Speaking of Erith:
"It's not twinned with anywhere, but it does have a suicide pact with Dagenham" - Linda SmithComment
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Suit yourself.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Buy any of the Big Investment Banks. They never lose and if they were ever to have serious problems then Uncle Sam would run like the wind to their aid! Goldman Sachs looks particularly inviting to me. If being in the subprime mortgage industry hadn't about broke me, I would buy them with everything I have"I am sick and tired of people who say that if you debate and you disagree with this administration somehow you're not patriotic. We should stand up and say we are Americans and we have a right to debate and disagree with any administration." - Hillary Clinton, 2003Comment
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