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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 |
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? |
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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Right on Fred, there's money to be made, I just wish I knew where?.
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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 |
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. |
It ain't over yet.
:D |
Everything seems to be in perspective whenever 392Cobra posts.... nothing seems to matter. :D
Up and Down, and Up and Down... so goes the market. |
:CRY: :CRY: :CRY:
:CRY: :CRY: :CRY: :CRY: :CRY: :CRY: RIP, my portfolio. :CRY: :CRY: :CRY: :CRY: :CRY: :CRY: :CRY: :CRY: :CRY: |
Wonder where Bank Of America is getting all of the financing to take over these places.
Ron |
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 |
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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. |
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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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. |
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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. |
:LOL: :LOL:
"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 :eek: |
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. |
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 |
2009 looks to be an interesting year. If you don't like the heat, get out of the kitchen.
:D |
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