Posted on 07/13/2008 3:31:33 PM PDT by Sleeping Freeper
The Dow futures just hit 100. It looks like a market rally tomorrow. Who here is jumping in? (excluding the day traders). Not I....can you say “Dead cat bounce?”
Mortgage business federalized? If the Federal Government owns shares....
I just don’t like where all of this is going. And with Obama as the next POTUS/Socialist Dictator of the USA...
Not doing it would land us in the second great depression in a fortnight.
We may well get there anyway. GM and Ford are next, for instance...
This from Wikipedia:
The Federal Reserve System (also the Federal Reserve; informally The Fed) is the central banking system of the United States. Created in 1913 by the enactment of the Federal Reserve Act, it is a quasi-public (government entity with private components) banking system[1] composed of (1) the presidentially appointed Board of Governors of the Federal Reserve System in Washington, D.C.; (2) the Federal Open Market Committee; (3) 12 regional Federal Reserve Banks located in major cities throughout the nation acting as fiscal agents for the U.S. Treasury, each with its own nine-member board of directors; (4) numerous private U.S. member banks, which subscribe to required amounts of non-transferable stock in their regional Federal Reserve Banks; and (5) various advisory councils. As of 2008, Ben Bernanke serves as the Chairman of the Board of Governors of the Federal Reserve System.
...One that would show why they need to be bailed out today, unlike the last audit.
How, exactly, could any company make a "profit" loaning money at 1%, while also dishing out truckloads of cash to bail out and shore up every other company?
Outside the major cities there's more than you think. I live in the heart of Fred Thompson country. During the primaries I saw Paul yard signs and little else. Either way this election goes things are fixing to get worse. It may approach Great Depression levels. One things for sure it will likely make the recession of 1982 look very tame and I remember that one real well along with the 1970's oil crisis.
Do you really think the GOP's hands are clean, and only DemocRATs are responsible?
Not at all - but it would be good politics.
And there’s definitely a STRONG Clintonista connection.
Equity traders rode the short bus, watch the bonds, they don't like it, interest rates going up with bailout. If Paulson and Bernanke continue with their follies the US is in deep doo doo. The only thing they are doing is delaying the inevitable and making it much worse when it comes. The dollar will be demolished.
I guess when things get bad enough regular folks will figure out we still have the best government money can buy and they will do something about it. The Federal Reserve and Congress got us in this mess and they are only looking out for themselves not us. Right now Paulson and Bernankle are telling the commoners to "eat cake". I am disgusted with our supposed "leadership" they are either incompetent, stupid or corrupt and I'm leaving towards all three.
Frank and Dodds haven't done crap for five years other than collect contributions from banks and get us into this mess, why are they still being listened too?
It would have been better to let all the Mae’s and Mac’s collapse under their own weight. Instead we are going to double down billions propping up a quasi-socialist program and trying to fight the natural business cycle.
And where will this money come from? It’ll be borrowed from all the unsavory countries in the world the US is trying to step up to - Russia, China, and the Arabs.
Let Fannie and Freddie fall in their own right. It’s a free market right? Maybe Fannie & Freddie should’ve saved some of their gangbuster profits over the past few years for a rainy day.
Bears like me love gap and crap openings. It’s when the futures are down 100 that I get worried. Sunday night futures are thin and subject to manipulation during the most benign of times. This being option expirations week means it’s going to be volatile anyway. P.S., loved your frank comments the other night on the state of he nation.
My basic strategy is to play with about 10% of my money, while being conservative as heck with the rest of it.
There have been, and will continue to be, some major shifts, over the months and years, in where one should be invested. If you're going to come out of this decade with anything left, you'll have to make some -major- shifts now and then. But you won't have the courage to do that unless you've been staying engaged, long term and short, willing to be a bit bold at times.
So I keep one foot in the shark infested waters, even though now and then I lose a toe or two, just so when the time comes to abandon ship, I'll be ready.
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