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To: Travis McGee
Yeah, this is all a big joke about nothing.

No. But your ignorance about swaps and derivatives is a big joke.

Just like you told us last year, when you touts were saying real estate was rock solid, right?

Did you bump your head? I never said any investment, even real estate, was rock solid.

21 posted on 02/16/2008 5:10:46 PM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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To: Toddsterpatriot
Give us a break, Charmin Man. Last year, you said RE would not collapse. Now you defend your next line of trenches, like last year never happened. But we've got your number, TP.

"I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future."

~~E. H. H. Simmons, President, New York Stock Exchange, January 12, 1928

"Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months."

~~Irving Fisher PhD, leading U.S. economist , New York Times, October 17, 1929

"If recession should threaten serious consequences for business (as is not indicated at present) there is little doubt that the Federal Reserve System would take steps to ease the money market and so check the movement."

~~Harvard Economic Society, October 19, 1929

"This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on America will go broke. Within a few days there is likely to be a bear panic rather than a bull panic. Many of the low prices as a result of this hysterical selling are not likely to be reached again in many years."

~~R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929

22 posted on 02/16/2008 5:14:04 PM PST by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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