irondoor91

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  • Wall Street, R.I.P. Now What?
    Go back to early 1920's. Similar situation, except no Fed. They were playing with their own money, but the leverage was actually lower. Do you think they were dismissing the liklihood of depression? Probably didn't even come up in discussion as everyone was trying to get rich.

    I find your dismissal of depression foolish, just as you would have dismissed the likelihood of the complete destruction of 100% of the major investment banks one year ago. We must think the unthinkable and prepare for it. We must (though it is impossible) attempt to get threee moves ahead and hedge everything where possible. But there is no perfect hedge, since there is always counter-party risk.

    It is a new world order and the vast majority of the public is sleep-walking throught it today. Daddy Bush and Paulson have told them not to worry, go about their business as ususal, the economy is strong, strong, strong! Oh, and like after 9/11, please don't even think about saving or paying down debt. Go out and spend, spend, spend. Pay your taxes. It's the patriotic thing to do!

    Did you also notice the commentary on weekend television about whether your 401-k was "safe". The explaination was that 401-k accounts were insured up to $100,000! How stupid can you get. Show me a 401-k statement that contains CD's.
    Sep 22 11:11 am |Rating: 0 0 |Link to Comment |View article
  • Options Trader: Monday Outlook
    "When that stock drops from $50 to $17 and everything they hear in the media is "SELLSELLSELL&quo... and they get out at $17, those people can’t afford to get back in at $21 a week later".

    Hmmm. In looking at the chart of C, I notice that it took just about a year to go from 50 to 17. Has anyone ever heard of a stop-loss order? No, I guess they were out on the golf course with their $2 Nassau, just before stopping by the mail box to collect their C dividend checks.

    Get real. Are the advisors and owners of those retirement portfolios you speak of so incredibly stupid that they have not heard the "rumor" that Citi has been in deep shit since the light of day was shed on their sludge that masquerades as a balance sheet?
    First, there was smoke; then there was fire. Finally, there was meltdown. Better get out now while you've got a few naked shorts that have to buy.
    Jul 21 11:11 am |Rating: 0 0 |Link to Comment |View article

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