Dow -598.55 down-6.47% 8,659.55
The video in post one is at ...
... and I’ve sent it to many on my mailing list with a note asking them to let me know if they don’t want any more such material.
Need you guess my intentions?
If you had purchased $1,000 of shares in Delta Airlines one year ago, you would have $49.00 today. If you had purchased $1,000 of shares in AIG one year ago, you would have $33.00 today. If you had purchased $1,000 of shares in Lehman Brothers one year ago, you would have $0.00 today. But, if you had purchased $1,000 worth of beer/soda one year ago, drunk all the beer/soda, then turned in the aluminum cans for the recycling refund, you would have received $214.00.Based on the above, the best current investment plan is to drink heavily & recycle. It is called the 401-Keg.
This is so frustrating. Not that the market is down. But nobody seems to get that there are only two ways out of a recession: 1) inflation; 2) business tax relieve.
Too bad Bush and McCain flunked econ 101!!!
But this was a lie. Here is the longer historical trend. What we see is that the Greenspan bubble years, the S&P has been overpriced, by a factor of 3 at its peak. So, today's close is below the long term average, but the long term shows that the S&P500 can stay below the long term average for as long as a decade.
I just keep wondering if this isn’t some sort of terrorist act. Here we are putting our shampoo into little plastic bags and stripping for the TSA in expectation of another air attack when, all the while, they were wearing Gucci on Wall Street and bombing us from within!
These enemies of America are sooo clever!
FLASHBACK (2006)—President Bush called last week’s midterm election results “a thumpin’” as the Democrats took control of both the House and the Senate. Since then, Republicans and Democrats have been promising to work in a “bipartisan way for all Americans.” But what does it mean ...
How do we do that? On April 15th simply do not file an income tax return and do not send them any more of OUR money.
DEMAND that OUR money is not spent on THEIR projects and bailouts!!
Wilbur Ross is afraid of the gubment, too!
I’m going long on lead. (Preferably with copper jacketing.)
But seriously...
The markets will eventually come back. The question is “When?”. “President Obama” will make the answer “Not any time soon.” Like FDR, he stands poised to put the Great in Great Depression. “President McCain”, on the other hand, may be as big a screw-up as Obama; but, I’ll take “may” over “will” any day of the week.
Just print another $700,000,000,000 and prop the suckers up.
My car is only worth half what it was when I bought it five years ago. Someone owes me that money.
No rules! Whoohoo!
Wow.
It’s getting into “significant numbers” territory now.
Fox News panel thinks a 60 seat Democrat senate is likely. Very scary.
Which means the Democrats just opened themselves up to an effective campaign question:
“ARE YOU BETTER OFF TODAY THAN WHEN THE DEMOCRATS TOOK OFFICE IN 2006?”
That is true that the democrats are to blame for starting and continuing this fiasco. However I just read Bush’s speech from 2004 given to the building industry. In his speech he claims responsiblity for the “zero down payment intiative” and wanting to build an “ownership society”. He also proposed to congress government backed loans to those that CANNOT qualify for loans. He went on to say that he wanted to have 7 million more AFFORDABLE houses built. This administration also needs to take some blame for this debacle. Voting for the Constitution Party doesn’t look so bad afterall.
WHAT? UNDER NINE THOUSAND? THERE’S NO WAY THAT CAN BE RIGHT—CAN IT, VEGETA?