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I've done great during 2008 BECAUSE I'm all doom and gloom.
How's that doom and gloom thing doing in 2009?
The stock markets' been on a tear - an historic run up - in spite of all the doom and gloom folks on here saying "it's gonna crash - the economy is collapsing!!!! OMG!!!!!!"
Well you know what?
Folks who ignored that BS talk made a killing.
How's that doom and gloom thing doing in 2009?
The stock markets' been on a tear - an historic run up - in spite of all the doom and gloom folks on here saying "it's gonna crash - the economy is collapsing!!!! OMG!!!!!!"
Well you know what?
Folks who ignored that BS talk made a killing.
Ken
I short sold GM, Beazer, and am looking at a position in bubbly green mountain coffee (GMCR). I only short sell sectors I see failing. I have puts on some of the banks as I've already raped the longs from when they were up in the 50's.
I short sold GM, Beazer, and am looking at a position in bubbly green mountain coffee (GMCR). I only short sell sectors I see failing. I have puts on some of the banks as I've already raped the longs from when they were up in the 50's.
After announcing bankruptcy and the initial drop, heck no. Too much volatility at that low level. Toll brothers could be another homebuilder, especially after the US runs out of money for homebuyer stimulus.
The point is that doom and gloomers are making a killing on the backs of the hopeless losers who expect a recovery anytime soon.
After announcing bankruptcy and the initial drop, heck no. Too much volatility at that low level. Toll brothers could be another homebuilder, especially after the US runs out of money for homebuyer stimulus.
The point is that doom and gloomers are making a killing on the backs of the hopeless losers who expect a recovery anytime soon.
Not off of me.
I've been backing a recovery since 2 days off the market low and I'm up 6 figures.
Am I expecting a bouncy ride?
Heck yeah.
But I'm also expecting a recovery - and so far that's worked out PRETTY GOOD.
And I'm not alone.
Not off of me.
I've been backing a recovery since 2 days off the market low and I'm up 6 figures.
Am I expecting a bouncy ride?
Heck yeah.
But I'm also expecting a recovery - and so far that's worked out PRETTY GOOD.
And I'm not alone.
Ken
there is a disconnect when gloating about personal financial gain when there are over 14.5 million unemployed people in this country. i think goldman sachs was gloating before their last fall.......
they go down again and no taxpayer is going to bail them out.
Aug. 14 (Bloomberg) -- More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank’s equity and threaten its survival.
The number of banks exceeding the threshold more than doubled in the year through June, according to data compiled by Bloomberg, as real estate and credit-card defaults surged. Almost 300 reported 3 percent or more of their loans were nonperforming, a term for commercial and consumer debt that has stopped collecting interest or will no longer be paid in full.
The biggest banks with nonperforming loans of at least 5 percent include Wisconsin’s Marshall & Ilsley Corp. and Georgia’s Synovus Financial Corp., according to Bloomberg data. Among those exceeding 10 percent, the biggest in the 50 U.S. states was Michigan’s Flagstar Bancorp. All said in second- quarter filings they’re “well-capitalized” by regulatory standards, which means they’re considered financially sound.
“At a 3 percent level, I’d be concerned that there’s some underlying issue, and if they’re at 5 percent, chances are regulators have them classified as being in unsafe and unsound condition,” said Walter Mix, former commissioner of the California Department of Financial Institutions, and now a managing director of consulting firm LECG in Los Angeles. He wasn’t commenting on any specific banks.
there is a disconnect when gloating about personal financial gain when there are over 14.5 million unemployed people in this country.
As opposed to gleefully bragging that 14.5 million people are unemployed (as the Obamabashers have been doing)?
Yes it's catastrophic that so many are unemployed.
You can thank GW for that - instead of trying to dump it on someone who came into office with the problem already in place.
Good job George.
Ken
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