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09-15-2008, 04:32 PM
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CC Member
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Join Date: Jul 2003
Location: Huntsville, AL,
AL
Cobra Make, Engine: 90% of a 428 friggin SCJ Engine!
Posts: 4,474
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Not Ranked
Nobody wants to talk about Wall Street today?
500 freakin points down, Merill Lynch gone, Lehman Brothers gone, AIG almost gone... WTF?
I need a beer.
Mike
__________________
Happy to be back at Club Cobra!
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09-15-2008, 04:40 PM
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CC Member
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Join Date: Feb 2000
Location: Neverland,
TX
Cobra Make, Engine:
Posts: 7,460
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Not Ranked
A sign of the times.
We are still not done yet either.
It seems B of A wants to buy everyone. Does that seem odd to anyone other than me?
Last edited by 4RE KLR; 09-15-2008 at 04:42 PM..
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09-15-2008, 04:43 PM
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6th Generation Texan
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Join Date: Feb 2002
Location: Devil's Backbone,RR 32,
TX
Cobra Make, Engine: Lone Star Classics #240,Candy Apple Red,Keith Craft 418w - 602 HP,584 TQ
Posts: 8,157
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Not Ranked
If it keeps going down,I'll be interested in replenishing my stock investments after taking my profits last Nov. & Dec..
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09-15-2008, 05:16 PM
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CC Member
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Join Date: Jul 2001
Location: Senoia,
Ga.
Cobra Make, Engine: 427SO with big twin autolite inlines on custom intake, jag rear, top loader, wembeldon white, guardsmen blue stripes
Posts: 3,155
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Not Ranked
Right on Fred, there's money to be made, I just wish I knew where?.
__________________
Perry
Remember!, there's a huge difference between a 'parts' changer, and a mechanic.
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09-15-2008, 05:44 PM
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CC Member
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Join Date: Jan 2008
Cobra Make, Engine: Venom 427sc
Posts: 212
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Not Ranked
All i can say is that nobody bails me out when i screw up. LET THEM fail or at least take all those millions back thr principals made. But oh no, they will stay rich.
joeg
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09-15-2008, 05:52 PM
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CC Member
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Join Date: Jul 2005
Posts: 419
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Not Ranked
Add to that Hewlett-Packard stating they will cut about 12,000 jobs in the U.S. 24,600 worldwide.
The Bush economic plan is finally coming to fruition.
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09-15-2008, 07:38 PM
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Member of the north
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Join Date: May 2003
Cobra Make, Engine: A Cobra
Posts: 11,207
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Not Ranked
It ain't over yet.
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09-15-2008, 08:28 PM
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Club Cobra Member
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Join Date: Jun 2002
Location: Fresno,
CA
Cobra Make, Engine: Classic Roadsters, 351W -> 392
Posts: 1,086
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Not Ranked
Everything seems to be in perspective whenever 392Cobra posts.... nothing seems to matter.
Up and Down, and Up and Down... so goes the market.
__________________
"Smooth seas do not skillful sailors make"
"If you can read this, thank a teacher....and since it's in English, thank a soldier."
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09-15-2008, 10:05 PM
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Beam Me Up Scottie
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Join Date: Aug 2004
Location: Squantum (part of Quincy),
MA
Cobra Make, Engine: SPF1049 Titanium w/black stripes, 351W with Trick Flow Heads, Tremec 3550
Posts: 7,592
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Not Ranked
__________________
Warren
'Liberals are maggots upon the life of this planet and need to get off at the next rotation.' (Jamo 2008)
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09-16-2008, 04:07 AM
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Senior Club Cobra Member
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Join Date: Dec 2001
Location: Shasta Lake,
CA
Cobra Make, Engine:
Posts: 26,615
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Not Ranked
Wonder where Bank Of America is getting all of the financing to take over these places.
Ron
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09-16-2008, 07:29 AM
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Senior Club Cobra Member
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Join Date: Dec 2001
Location: Shasta Lake,
CA
Cobra Make, Engine:
Posts: 26,615
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Not Ranked
Just read this latest article and thought I would post the URL in case any of you are interested. Also saw on the news that China and Japan are being hit hard with the Wall Street troubles.
http://news.yahoo.com/s/ap/20080916/...interest_rates
Ron |
09-16-2008, 07:48 AM
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CC Member
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Join Date: Feb 2000
Location: Neverland,
TX
Cobra Make, Engine:
Posts: 7,460
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Not Ranked
Quote:
Originally Posted by Ron61
Wonder where Bank Of America is getting all of the financing to take over these places.
Ron
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From us, through purchase made from products that are made overseas, the Chinese have purchased large interest in B of A.
They are reinvesting the funds in buying America. They have been doing this for many years. |
09-16-2008, 07:50 AM
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CC Member
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Join Date: Feb 2000
Location: Neverland,
TX
Cobra Make, Engine:
Posts: 7,460
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Not Ranked
It is interesting to me that the world blames their downfall on the slowing of the US economy. Does that run up a red flag for anyone?
It means they are getting the majority of their livelihood from US dollars. When we slowdown they can no longer pay their bills.
As Scott would say: BUY AMERICAN!
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09-16-2008, 08:08 AM
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Club Cobra Member
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Join Date: Jun 2002
Location: Fresno,
CA
Cobra Make, Engine: Classic Roadsters, 351W -> 392
Posts: 1,086
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Not Ranked
Quote:
Originally Posted by 4RE KLR
It is interesting to me that the world blames their downfall on the slowing of the US economy. Does that run up a red flag for anyone?
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It should HAVE (past), but it won't(future). We are too busy concentrating on change of the change for the change of the change. It's the "all about me" mentality.
__________________
"Smooth seas do not skillful sailors make"
"If you can read this, thank a teacher....and since it's in English, thank a soldier."
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09-16-2008, 08:10 AM
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CC Member
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Join Date: Feb 2000
Location: Neverland,
TX
Cobra Make, Engine:
Posts: 7,460
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Not Ranked
Quote:
Originally Posted by wtm442
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Warren,
Now is when you find out what your portfolio manager is really made of. Anyone can take orders, but it takes someone with insight to make gains in this situation.
The deals are out on full swing right now. Anyone remember when AA was below $1.00. If you had bought then you could be very wealthy right now. |
09-16-2008, 08:12 AM
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CC Member
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Join Date: Feb 2000
Location: Neverland,
TX
Cobra Make, Engine:
Posts: 7,460
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Not Ranked
Quote:
Originally Posted by J. T. Toad
It should HAVE (past), but it won't(future). We are too busy concentrating on change of the change for the change of the change. It's the "all about me" mentality.
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Yes, it is, and has been for the last twenty or so years. America needs to sit down and remember where we were, and why we are here in the first place. |
09-16-2008, 08:12 AM
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Senior Club Cobra Member
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Join Date: Dec 2001
Location: Shasta Lake,
CA
Cobra Make, Engine:
Posts: 26,615
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Not Ranked
"all about me" mentality.
Darn Bill, I didn't know that you were that kind of person. But I couldn't agree more with what you said. Just look at the lack of any seeming progress on our own state budget. No one will agree to anything any member of the opposite party puts forth it seems. And the people in Washington have had their heads up their As*** for so long they don't know what is going on.
Ron  |
09-16-2008, 08:42 AM
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CC Member
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Join Date: Feb 2000
Location: Neverland,
TX
Cobra Make, Engine:
Posts: 7,460
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Not Ranked
Ron,
The problem is most politicians are just looking to get re-elected. They are not looking twenty or thirty years down the road at the mess we will be leaving our children.
Like you have said many, many times. It is all about ME, and I want it NOW! Amazing that this attitude has become the "NORM" in our country.
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09-16-2008, 09:28 AM
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CC Member
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Join Date: Mar 2000
Location: Fairfield, NJ, USA,
NJ
Cobra Make, Engine: A & C, 351W, Tremec 3550. Exiled Member: Club Cranky
Posts: 5,897
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Not Ranked
Nobody has mentioned the consequences of lending to people who should never have gotten a mortgage in the first place. These sub-prime loans were criticized and warnings were made about just what is happening today. During the CLINTON administration, congress forced lenders to open up loans, guaranteed by the feds, to low income (and in many cases irresponsible) people. They referred to 'redlining' as discriminatory.
AIG, who is also involved somewhat in these loan scams, also insures companies like Lehman, etc.
By the way, The term "redlining" was coined in the late 1960s by community activists in Chicago. HMMMMMMmmmmmm
Roscoe
__________________
Roscoe
"Crisis occurs when women and cattle get excited!"....James Thurber
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09-16-2008, 09:43 AM
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Member of the north
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Join Date: May 2003
Cobra Make, Engine: A Cobra
Posts: 11,207
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Not Ranked
2009 looks to be an interesting year. If you don't like the heat, get out of the kitchen.
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