phssthpok
The Land of Beer and Coffee
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Joined: 03/28/2006
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Chart of Pompous Prognosticators
Pay close attention to the last entry and don't be caught  .
Philosophy of freedom
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topflite51
In The Desert of Nevada
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Joined: 05/13/2004
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lwmuddy wrote:Reading this mornings Market Watch, I see a considered infusion of $250B into selected banks.
I'm probably the only one hear that isn't an expert in Government financial accounting, as are the majority of the American public but, isn't putting Government money into a bank considered getting into their shorts for a piece of the control action?
Would this give the Gov. a say in how a bank operates?
Is this a Nationalizing tactic?
Is it just me, your typical 6-pack Joe, or is there something rotten going on here?
I'm so confused.  Anybody that claims that they are not confused, is either NUTZ or just plain NUTTY.
It sure looks like a plan to nationalize, it sounds like a plan to nationalize, and it is starting to walk like it is. Can anybody say quack, quack? Maybe the next Secretary of the Treasury will be the AFLACK duck.
 David
Just rolling along enjoying life
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Galvorien52
Stafford MO
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Joined: 02/06/2007
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Okay, they've gone completely Socialist now. NWO here we come!
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lwmuddy
Murrells Inlet, SC
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Joined: 04/07/2002
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My DW's daughter is getting a home equity loan to do a referb on the inside of her 60 year old house.
She lives in Los Angeles. They appraised it at "only" $870K. Last year it was $1.5Mil. And to think, she started out working a McDonalds 20 years ago slinging burgers.
They gave her the money with NO PROBLEM. She has the highest credit score there is.
Do you want fries with that loan?
I don't think the banks will be able to say NO to the infusion. They will have no say in what their New Partner does. The Don doesn't take kindly to people who say NO.
Milton Bradley now can bring out a whole new version of Monopoly.
NWO, The Board Game.
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Doug4.7
Hartselle, AL, USA
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Joined: 10/02/2003
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I think there are a lot of "day trader" types in the market. iT seems any sneeze or burp will cause the market to dive or rise 500 points. No one seems to be in it for the long run. It is all just SELL! SELL! SELL! or BUY! BUY! BUY!.
Time to just sit back and live your life and ignore the roller coaster ride that is the market today.
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Skid Row Joe
On the road in America
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Joined: 04/26/2006
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There are a lot of day traders in the market, just too many don't know when to get out for their own good. LOL!
* This post was
edited 10/15/08 02:40pm by an administrator/moderator *
I have a sweet tender nature, however I enjoy sharing my thoughts and opinions.
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jcapps
Not a senior just a
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Joined: 08/18/2004
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If you are worried about your money, turn away. I feel for older folks who have no choice
"The great challenge of adulthood is holding on to your idealism after you lose your innocence."
– Bruce Springsteen
"This ain't the practice round"
- a friend
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lwmuddy
Murrells Inlet, SC
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Who could have imagined saving for your golden years and ending up on food stamps and a rescue mission?
This time around it may be the Seniors that are jumping out of windows.
A Wall Street Euthanasia.
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Skid Row Joe
On the road in America
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Joined: 04/26/2006
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lwmuddy wrote:Who could have imagined saving for your golden years and ending up on food stamps and a rescue mission? Are you "on food stamps and a rescue mission?"
Not me, I've been saving for 35 years for such a time. This was all predicted at least two years ago.
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8.1 Van
Millstone NJ
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Joined: 03/20/2008
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Futures Slump to Lowest Possible on Economic Fears
Wall Street looked set to follow European and Asian markets sharply lower at the open Friday, with all three futures contracts losing the maximum amount permissible before the start of futures trading in the United States.
According to Reuters data, December S&P futures hit a low of 855.20, while Dow Jones futures touched a low of 8,224 -- the lowest levels at which both contracts could trade in a session.
"We are in a panic mode, I don't know how else to describe it and when you're in panic mode, all rational thought goes out of the window," said City Index chief market strategist Tom Hougaard. "We've just got to let this thing rage. I think we'll see the Dow below 8,000 today."
CNBC
FKA PSDExcursion
2002 Chevy Express LS 3500 8.1 155" WB passenger van 3.73 posi (GT4/G80)
41 Ft 2003 Thor Citation 41-ZBSR TT w/ Hensley Arrow
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