Burger King - home of the Whopper!
Posted on 06/27/2008 6:10:34 AM PDT by Eddiehaskell7
Yup — and probably the same people.
Solutions: Get out of Iraq Now. I am sorry to say it but we no longer have the money to spend over there. Let the cards fall where they do.
Have you really thought about what that would mean? Let the cards fall where they do? You think we’re spending a lot there now? Hah! The costs- in dollars alone- resulting from your strategy would be higher than you can apparently imagine.
So what's new? IT'S Friday.....
I am no market guy. I know nothing about it.
But correct me if I am wrong.... some people stand to make a bundle when the market panics, am I right? Some people actually promote this panic and have a windfall when people react.
Sorta like (but not really) “green” companies that promote “green” products. They profit from global warming alarmists and don’t want it to go away.
...and when someone from OPEC “predicts” the price of oil will go up and the market panics in light of this dire prediction sending the price up.
I just don’t get it....
Thanks but I’m not as well versed as you suggest. I actually am a long term investor and this is the first time I bailed out. It was just a hunch, one Ive had before but never as strong.
I’m content to be in cash for the time being because the income from it and my SS along with my having zero debt allow me to live well on little income. Plus I have been a scrupulous saver since I was about 30 and through my buy a hold strategy and a lot of luck have amassed a nice nest egg. I might add I am a Mutual Funds buyer rather then individual stocks. I would as soon pay the small mgmt fee and let the experts decide what to buy and when to sell. I have enjoyed remarkable (to me) success with balanced funds such as Wellington Vanguard, Fidelity balanced and Dodge and Cox Balanced (until last year). One of them, the Wellington fund is really stable and greatly limits downside potential at least till now. Before yesterday it was down just about 2.8%.
True indeed.
But today the dollar is worth nothing,
False.
the Fed is stuck between a rock and a hard place.
False.
They can’t spend their way out of this.
What is "this"? Chicken Littles are usually very vague in their claims - but you are setting new records.
Credit is already overextended
Again, too vague to be a meaningful statement.
and you have oil and food prices skyrocketing
Dramatically stated. However, there are structural reasons for both phenomena, and these causes are non sustainable over the long term.
while housing appears to be headed for a depression.
A sloppy use of language. A sector cannot be in a "depression."
Solutions: Get out of Iraq Now.
I see. The incremental $70B or so we spend in Iraq is the cause of and solution to all of life's problems.
But the 1.7 trillion we spend on entitlement programs isn't a problem at all.
I am sorry to say it but we no longer have the money to spend over there.
But we do have the money to spend on billions of dollars of Medicare fraud. That's an investment, apparently.
Let the cards fall where they do.
How cavalier. If terrorists, emboldened by your cut-and-run lily-liveredness, launch another 9/11-scale attack on the USA, or even a worse one, it will erase far more than $70B in value from our economy.
Pennywise, pound foolish.
Then stop spending on Illegal Immigrants and welfare for those who can work.
How much do we spend per year on illegal immigrants? Give us an approximate figure. And how much do we spend on welfare for those who can work? Any idea?
Take all that money and create tax breaks for businesses and working people.
Running from Iraq like scared little girls might enable the government to institute a 0.75-1.00% tax break - a marginal benefit that will not resucitate the economy and which would be erased completely on the first day of any 9/11-level event.
But would the Democrat caucus engineering such an act of cowardice really pass a concomitant tax break? of course not.
Especially to stimulate the manufacturing sector.
How would one target a "tax break" to specifically "stimulate" manufacturing? We're talking about corporate welfare here.
And start offshore drilling.
While offshore drilling would be a positive development, it wouldn't affect oil prices.
US refineries, which last year were strained to overcapacity are now only at 87% capacity.
However, this is not for lack of supply of crude - it isn't US demand that is driving the price of oil up.
Sorry, but that is what it has come down to.
Sorry, but you haven't thought any of this through.
We are in big trouble as a country.
Really? The US is about to cease to exist? Our only hope is to surrender to our enemies?
There is a time when Americans were made of sterner mental stuff. America is fine, we've endured far worse with fewer resources.
Headed for BK if we don’t take drastic measures.
Alarmists love drastic measures. What is BK? And why should we tremble before it?
Beautifully done!
“What is BK?”
Burger King - home of the Whopper!
egads... I hope we are right. I just soaked up 2000 GE @ 26.60. I dunno what’s wrong with my head, it’s hard to pass it up so cheap. I put it in my long term bucket, now I just hope for the best (and that my wife doesn’t find out how much I just spent)
hehe.. along with GE, I just picked up 500 units of DUG. Let’s see where this goes. w00000 !
I day trade most every day. I have not taken a long position since January. But I am not so sure today will be so bad. Monday being end of quarter, there could be some extreme volatility then and it is a shortened week. I do not try to call bottoms if I did I would not have any capital to trade with. And it will be some time before I go long on any financials, but in such a big down day yesterday, I thought some of the financials behaved fairly well. They probably have some more downside but the next they go down hard, there may be some captitulation and some reversal.
Burger King - home of the Whopper!
We’ve actually survived everything that’s been thrown at us since we became a country.
So we don’t have to be concerned with what’s happening, just the message about it?
BK is apparently an abbrieviation for "bankruptcy" (BanKruptcy?) in some circles.
The US economy is 0.9 times levered net of M2. Our interest coverage is currently more than 10 times.
The average firm that enters bankruptcy is more than 6 times levered, net of cash and short-term instruments and covers less than 2 times.
In other words, if America was a company our national debt would have to balloon from $9 trillion to $54 trillion to enter bankruptcy.
To give some perspective to that figure, the entire world outside of the United States produces about $40 trillion in value annually.
In other words, the US would have to borrow more debt that the entire world could lend.
"...So they're panicking right now, they're screaming "SELL! SELL!" to get out before the price keeps dropping. They're panicking out there right now, I can feel it."
I’m 41 years old, so I’m far more concerned with long-term growth than what’s going to happen in the next few years.
GE is a fundamentally sound company and their stock was 40% higher a year ago than it is now and it is half what it’s high was in 2000. Right now it’s almost at its 2002/2003 low, I’d say it’s a great buy.
You just described Al Gore!
I get frustrated because I hear these “experts” on the TV panel (Fox News Saturday mornings especially) predicting the
hot stocks. Each person seems to have a personal agenda. Let the buyer beware. I have NEVER made money on their choices. When I buy, the stocks go down. When I sell, they go up. Other people are manipulating the market, not the average guy looking to build his retirement nest egg.
I do not know how to post this but can someone post the daily energy usage that these two failed politicians and millionaire-eco-hyprocrites: Al Gore and John Edwards - homes, use? They do not talk the talk and walk the walk, expose these faux-eco-enviromentalists!!!!!!!/Just Asking - seoul62.......
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