... then bravely position yourself between those falling knives and the bottom... :-)
Posted on 03/16/2008 7:34:49 PM PDT by TigerLikesRooster
It looks like it’s going to be another “BLACK MONDAY”...:(
The fear right now is that if the American stock market really crash, it could take Europe and eastern Asia along with it because in our highly interconnected world, an American financial crisis could take down Asian and European banks with it. It will be 1929 all over again.
umm. ok. the rules apply to ordinary markets. the washout hasn't even begun.
You will when the inflation kicks in. Be prepared to buy distressed properties for cash at the bottom of the market.
Then later in the week or early next I will be looking for buys in the financial sector.
If I don't get it at bottom I will still get a financial for more than 50% off its year's high. Not bad.
That’s got to be brutal on investors when the market is in flux like this.
>> with market incentives (i.e. tax cuts) being put on the table right now.
Bush tax cuts PERMANENT would be a good move, yes. Corresponding spending cuts would also be good. Pork moratorium WOULD’VE been good, but we elect idiots to Congress for the most part.
>> someone needs to put a freaking muzzle on Barney Frank.
Totally agree. (He might even like it, you know. I hear he’s into that perverted stuff.) His nostrums for the mortgage industry would be an unflagging disaster.
>> The fed needs to show its support of free and sound market
FREE and SOUND markets over the long haul don’t involve government favors or bailouts. Is that what you mean?
Below is a list of primary dealers who will be able to borrow directly from the Fed’s new program announced Sunday:
BNP Paribas Securities Corp.
Banc of America Securities LLC
Barclays Capital Inc.
Bear, Stearns & Co., Inc.
Cantor Fitzgerald & Co.
Citigroup Global Markets Inc.
Countrywide Securities Corporation
Credit Suisse Securities (USA) LLC
Daiwa Securities America Inc.
Deutsche Bank Securities Inc.
Dresdner Kleinwort Wasserstein Securities LLC.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.
HSBC Securities (USA) Inc.
J. P. Morgan Securities Inc.
Lehman Brothers Inc.
Merrill Lynch Government Securities Inc.
Mizuho Securities USA Inc.
Morgan Stanley & Co. Incorporated
UBS Securities LLC.
Happy St Patty day!
I dont know we have made a ton of money in the last 5 years so I will continue to do what we have been doing.I guess it is laughing all the way to the bank some would say
I thought the Fed meeting was scheduled.
4 investment banks reporting in one week along with options expiration on Thursday...I’m betting that’s a pivot point.
Quick, who makes Prozac, Merck?
... then bravely position yourself between those falling knives and the bottom... :-)
I believe its going lower than that. The tanking U.S. dollar means overseas investors will be pulling their money out of the Dow bigtime in the coming months and will horde it back in their home countries in a flight to perceived safety.
“You did a hell of a job, Benny”
Not looking for a bottom...but a near bottom? I’ll take it!
An even better solution is to scrap our current progressive tax system for either the Fair Tax or a simplified flat tax system. Not only would it save circa US$400 billion per year in compliance costs, but it would make the USA a very attractive “tax haven” because of none to extremely low taxes on income and capital gains.
>> borrow directly from the Fed’s new program
Is that this week’s euphemism for “let the taxpayers take the risk on your toxic waste CDOs”?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.