Skid Row Joe
On the road in America
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Joined: 04/26/2006
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Cisco on sale, now that's funny. I've owned Cisco for 15 years. It's a good conversational piece/stock.
I have a sweet tender nature, however I enjoy sharing my thoughts and opinions. 
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Doug4.7
Hartselle, AL, USA
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Joined: 10/02/2003
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So today the markets seem to not be so panicky. Is this a trend or is this just the calm before the next dive into total panic?
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Sea Dog
Ontario Can.
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Joined: 04/15/2001
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I pay no attention to the "experts" who predict what the market will do.
In my book they are much like those who with great sincerity will explain what happens after we die!
If anyone could predict the market correctly fifty one percent of the time, they would be wealthy beyond their wildest dreams.
Some folks advocate buy and hold.
For most it is buy and hope.
Life is short,Death is long,
Take a vacation.
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fickman
Fort Worth, Texas
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Joined: 07/09/2007
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From another thread:
houtrz wrote:I have mixed feelings about the bail out. I'm 38 and by no means did I do it right from the begining. Divorced, credit so bad I couldn't finance a Band Aid if I was bleeding to death and a mountain of debt. Two years ago my wife and I decided to get out of debt and stay that way. It would take a long time but we listed a set of goals we're trying really hard to meet. Sold stuff we didn't need, stopped going to much and just buckled down. Then two months ago I quit my job and moved out of state to make more money, completely our list of goals way way ahead of time.
Fast forward to the "crisis". I was in a crisis myself but no one gave a rats donkey so why, why do I have to put my money, no wait, my daughters great grand kids money on the line to bail out these mortgage companies that shouldn't have loaned money to people to begin with.
When I bought my house, I pulled a little money from my 401k and saved up even more to get into my house, putting nearly 20% down. I'm hearing people that are buying a house with no money down then they get a chunk of money in hand to go buy TV's, furniture and so on. Why, why should I solve their problems when I feel like I did the right thing and I get nothing. Do I want something? No, but I feel they deserve nothing either.
Great story! Thanks for sharing!
2005 Chevrolet Silverado 2500HD Crew Cab SB LS 6.0L 4x4 4.10
DW, DD (May, 2007), DS (October, 2008), and me
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Harvard
51.37N 114.42W
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Joined: 12/24/2005
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You gotta read this "10 Myths About Financial Derivatives"....
http://www.cato.org/pubs/pas/pa-283.html
I think this guy better go back to school, I am not qualified to say but I think he was wrong on all 10 counts...too funny! How does the saying go, "an expert is someone who will eventually be proven wrong"!
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topflite51
In The Desert of Nevada
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Joined: 05/13/2004
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Harvard wrote:You gotta read this "10 Myths About Financial Derivatives"....
http://www.cato.org/pubs/pas/pa-283.html
I think this guy better go back to school, I am not qualified to say but I think he was wrong on all 10 counts...too funny! How does the saying go, "an expert is someone who will eventually be proven wrong"! It shows that he learned well under Alan Greenspan, his boss. Greenspan believed heavily in derivatives, and chided all who doubted that he was correct.
 David
Just rolling along enjoying life
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8.1 Van
Millstone NJ
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Joined: 03/20/2008
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I wonder how many purchased GM at $4 and sold it at $8.
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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Supercharged
Az.
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Joined: 01/01/2005
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Double down is sure fun when we have days like today.
2005 Chev 5.3 Supercharged 395HP 425 T hp. Two wheels on front, 2 on back. one seat, tint windows. front and rear bumpers, headlights, windows. Door on each side. Heater, floor mats, junk behind seats, some dirt. Pulls so hard.
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lwmuddy
Murrells Inlet, SC
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Joined: 04/07/2002
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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 cornfused.
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Doug4.7
Hartselle, AL, USA
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Joined: 10/02/2003
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lwmuddy wrote:...isn't putting Government money into a bank considered getting into their shorts for a piece of the control action? I would hope so. I don't want my tax money going to some bank and then be told the bank can do whatever it wants with the money. Remember the old saying about, "No one rides for free"? If a bank allows the government to give them money, the government should get a stake in the bank. Otherwise, it is just corporate welfare.
The banks can always refuse the money and go it on their own.
As for nationalization, the banks brought it on themselves by doing all the stupid things they did. Now it's time to pay the piper.
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