Frantic day on Wall Street as banks teeter - Page 7 - Mercedes-Benz Forum

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post #61 of 77 (permalink) Old 09-16-2008, 08:04 AM
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post #62 of 77 (permalink) Old 09-16-2008, 08:38 AM
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I don't know if we're "winning," but I do know that the President has nothing to do w/ what's happening on Wall Street.
The president has pursued a weak dollar policy, which is a scam that is supposed to make it look like he is creating jobs, and he has pursued a regulatory policy just like he did in Texas: he puts the foxes in charge of the hen house. You fuckers are getting what you deserve. The smart money has been betting on this meltdown since the day Bush took over.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #63 of 77 (permalink) Old 09-16-2008, 11:16 AM Thread Starter
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The president has pursued a weak dollar policy, which is a scam that is supposed to make it look like he is creating jobs, and he has pursued a regulatory policy just like he did in Texas: he puts the foxes in charge of the hen house. You fuckers are getting what you deserve. The smart money has been betting on this meltdown since the day Bush took over.
This "meltdown," as you put it is nothing more than the normal ebb and flow of things w/in our increasingly complex global financial/economic system. This is undoubtedly on the extreme end of normal fluctuations, but it is NOT the end of the world as you like to claim. And, FWIW, no president and/or Congress will ever have any real control over it. For you fools to suggest that any political system can control the global financial and economic system is absurd. Reminds me of that ant crawling up the elephants leg w/ rape on its mind...

Don't believe everything you think
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post #64 of 77 (permalink) Old 09-16-2008, 10:41 PM
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This "meltdown," as you put it is nothing more than the normal ebb and flow of things w/in our increasingly complex global financial/economic system. This is undoubtedly on the extreme end of normal fluctuations, but it is NOT the end of the world as you like to claim. And, FWIW, no president and/or Congress will ever have any real control over it. For you fools to suggest that any political system can control the global financial and economic system is absurd. Reminds me of that ant crawling up the elephants leg w/ rape on its mind...
June 20, 2008 we were talking about the Rolling Average of 12,300 for the DOW and you kept saying it was at the bottom and the worst was behind us. Right now the Rolling Average is at 11,300 [and these are 60 day floats] and you still say this is just normal ebb and flow. But then again you have been saying that for over a year.

You said it when we talked about the possibility of a bank or so collapsing. NO WAY, just the normal ebb and flow. You said it when there was talk of a housing crisis back in 2006. NO WAY, just the cyclic nature of the market.

The US Government has just finished placing $900BILLION in bailout in the financial sector in the past few months. If this is simply EBB and FLOW, why does everyone else see a problem and see the need to REACT? They even got Bushie's attention.

I have followed the market very actively since 1977. I bought my first stock in 1973. I have seen countless Ebbs and Flows as have you. How many times have you seen GOVERNMENTS dump over a $TRILLION$ into the system to help them maintain stability.

Normal Ebb and Flow? NO. Please, try rational thought prior to posting on Economics. It really would help.

McBear,
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Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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post #65 of 77 (permalink) Old 09-16-2008, 11:00 PM
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Do us human race a favor. Go shoot yourself. If you can't afford to buy the bullet, I will Western Union cash. Just ask.

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post #66 of 77 (permalink) Old 09-17-2008, 09:51 AM Thread Starter
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June 20, 2008 we were talking about the Rolling Average of 12,300 for the DOW and you kept saying it was at the bottom and the worst was behind us. Right now the Rolling Average is at 11,300 [and these are 60 day floats] and you still say this is just normal ebb and flow. But then again you have been saying that for over a year.

You said it when we talked about the possibility of a bank or so collapsing. NO WAY, just the normal ebb and flow. You said it when there was talk of a housing crisis back in 2006. NO WAY, just the cyclic nature of the market.

The US Government has just finished placing $900BILLION in bailout in the financial sector in the past few months. If this is simply EBB and FLOW, why does everyone else see a problem and see the need to REACT? They even got Bushie's attention.

I have followed the market very actively since 1977. I bought my first stock in 1973. I have seen countless Ebbs and Flows as have you. How many times have you seen GOVERNMENTS dump over a $TRILLION$ into the system to help them maintain stability.

Normal Ebb and Flow? NO. Please, try rational thought prior to posting on Economics. It really would help.
God! I'm going to roll up my pant legs, there's so much BearShit around here! If you're so busy researching every word I've ever said, why don't you post some actual quotes w/ cites where I said "...we are at a bottom," or where I have acknowledged that things are getting rough--which I have stated many times. In the normal ebb and flow, the ebbs and flows can be extreme, which I have also stated many times. But, as I have also stated many times "IT IS NOT THE END OF THE FUCKING WORLD!!!" as you have stated many times. Get a grip! Get a life! Get over it!

Don't believe everything you think
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post #67 of 77 (permalink) Old 09-17-2008, 10:02 AM
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Normal ebb and flow my ass, you fucking moron.

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post #68 of 77 (permalink) Old 09-17-2008, 10:15 AM
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God! I'm going to roll up my pant legs, there's so much BearShit around here! If you're so busy researching every word I've ever said, why don't you post some actual quotes w/ cites where I said "...we are at a bottom," or where I have acknowledged that things are getting rough--which I have stated many times. In the normal ebb and flow, the ebbs and flows can be extreme, which I have also stated many times. But, as I have also stated many times "IT IS NOT THE END OF THE FUCKING WORLD!!!" as you have stated many times. Get a grip! Get a life! Get over it!

Well, there was this little Jewel right here from March of this year...................

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Every time you turn on the TV, it seems as though the news is negative regarding the economy, the dollar, the stock market, banks, credit, real estate, oil, etc. Plus you have the election bickering, now the Spitzer scandal, and the Federal Reserve appears to be in "panic" mode.

However, please remember that the media present the sensational. It sells. It gets attention. Bad news gets more attention than good news because of the alarm factor. So, good news gets swept aside.

But, is there any good news? Of course there is. Mortgage refinancing is actually at its highest level since March '04. New home inventories are at their lowest level in two years (meaning over-supply is reducing), lower interest rates mean lower borrowing costs for consumers, the global economy is strong, retail sales are sluggish, but not disastrous, unemployment has risen, but is still below 5%, and S&P sees an end to subprime mortgage writedowns. So, not all news is bad news.

Does this mean that we are headed straight up from here? No. I still believe there are some major structural issues with the financial markets. However, even when things look bad, they are usually not as bad as they appear. And, if you look at the bad news, you miss the opportunities that are developing.

I believe an opportunity may be developing now. One of my market indicators has flashed a major buy signal. This indicator will issue a buy signal when the markets have fallen significantly and look to be poised to turn around. Since 1991 (the earliest data I have), there have been ten times in which markets fell to this level and a signal was generated. In EVERY case, the market was significantly higher within a few weeks.

Accordingly, I believe that a few weeks from now, we will be able to look back and see that this was a good time to buy. It may sell down a bit more between now and then, but historic precedence supports this view. Time will tell!

From this thread....................


http://www.benzworld.org/forums/off-...ml#post2788133
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post #69 of 77 (permalink) Old 09-17-2008, 10:17 AM
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post #70 of 77 (permalink) Old 09-17-2008, 10:29 AM Thread Starter
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Well, there was this little Jewel right here from March of this year...................




From this thread....................


http://www.benzworld.org/forums/off-...ml#post2788133
That was a good and valid statement then--and even now for that matter. There is nothing there to suggest that I called a bottom, but was only reflecting on "historic precedent."

Don't believe everything you think

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