The Greatest Depression Is Coming

Financial Sense ^ | 11 Mar 2003 | John Finger

[Red Boots]

Thanks for a very funny photo. We all LOL.

[narses]

ALUMINUM foil, tin foil is what you use if you haven't a clue. Reynolds is the BEST.

[The Wizard]

bullshit

[JohnOG]

Hey, thanks for replying to me post...
Rukeyser parades out a long string of guests on his show...90% of them usually are Bulls....I remember back in the October rally....or was it November...all these Bear market rallies kind of blend in....ALL his guests declared EMPHATICALLY that a new Bull Market had begun...when it was obvious, even to an amateur idiot, no-body, no education lazy bastard like myself :) that it was a BEAR market rally and it would peter out and the general Bear trend would continue...just as it happened.....
As for Kudlow.....he pridicted a 30% rise on the DOW in 2003....lets see if he's right :) I think we'll have a 20% drop....
Kudlow was great when working for Reagan...but these guys who get on TV have an interest in pumping up Stocks....
Stocks are only ONE investment in a whole nation of investment options....
Why is it that ANYONE who says maybe stocks aren't such a great buy is called a "tin-foil hat sky is falling moron"????? There are other investments you know....
Anyway....thanks for posting to me....it allows me to rant!!! :) and I gotta go!!! I'm spending too much time here....
And facts are NOT my enemy....I love facts...they tend to prove or disprove arguments over time....then we'll see if I'm right or you are....I suspect events will move rapidly from here on out....it ain't 1998 or 1999....this is now a World of Conflict and Tragedy...not Economics and Prosperity...its the World of a Warrior....not some Bill Clinton-esque "Last Man" sitting on his fat ass surfing the internet to check his inflated, profitless stock portfolio.....
and I'm ranting stupidly again!!!! :) sorry...
Thanks, John O'Grady.....

[JNB]

The 87 crash was a one time event, and whil it did nit do immediate damage to the economy for the next 2 and a half years, it led to the 90-91 recession and the sluggish economy in the first half of the 90s.

[JNB]

The impact of immigrants is largely confined to 6 states. CA,TX,FLA,IL(and here the vast majority of them are in Cook County) NY and AZ. Yes, southren states have had a big increase in the number of Latinos, but lets put things in perspective, Santa Ana CA has more Latinos than the entire state of GA. Yes, they have greatly impacted housing, but guess what, without sustained job growth, then there wont be as many people able to own homes, even with Fannie Maes wreckless enableing of questionable home loans.

[JNB]

Actually Len, untrue. In the Great Depression, birth rates in the US dropped to their lowest ever. In the 70s, the US birth rates dropped.

[narses]

What did the market do in 1933?

Rukeyser NEVER predicted regular 30% annual returns, but bear markets are often followed by bull markets. 1933 returned what percent?

[Red Boots]

Just because you saw lots of snowmobliers going to NH last weekend doesn't mean that lots of other people and businesses aren't conserving. People can and will conserve their use of expensive resources without any outside intervention, that's basic economics....as prices rise, demand will fall.

[narses]

Succinct. Direct. You leave no room for humor though.

[JNB]

Larry Kudlow? You got to be kididng me. I do not agree with Buffets political leanings, but he has about the sharpest mind on economics out there. Back as eraly as 97, he was cautious about tech stocks, and he openly questioned their values in 98-99, to the point people said he was a has been. Guess, what, Berkshire Hathaway still has retained 80% of its value, while techs have dropped more than 80%. On the other hand, Kudlow was a cheerleader of the "new economy".

Sorry

[narses]

Jesse Livermore disagreed.

[Radioactive]

I've heard this same tome over & over since 1974. The sky is falling and we are all going to die.

Chicken little's of the world beware. You have been wrong for so many years and anyone who can predict the economy would be worth trillions today.

So watch what the central bankers are doing for it is they who are responsible for the economic fortune of the world.They are the only ones worth trillions and they control the money.

[narses]

Psst, Buffet NEVER bought tech stocks. He doesn't understand them. He missed out on stuff like Microsoft. Had he bought Microsoft any time until 1997, he'd still be in the money in a big way. He is in his dotage.

[sourcery]

My point is that, for the average retail investor, trying to guess or "time" the market is futile.

That's a two-edged sword, buddy. To go long a position, to go short a position, to hold a position or to close a position, all imply a prediction with respect to future market prices. Whatever you do, you're tring to "time the market."

[narses]

Don't fight the Fed.

[narses]

No. You are clueless though. Livermore timed the market. He killed himself.

[Bloody Sam Roberts]

Oh now Sammy boy...I like that.