Be there!
It's going up up up!
edit - oh wait, nevermind, I think tomorrow is when GM and Chrysler announcer their earnings.
Bloodbath.
Be there!
It's going up up up!
edit - oh wait, nevermind, I think tomorrow is when GM and Chrysler announcer their earnings.
Bloodbath.
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Fred Bastiat
We know, we know, the world is gonna end. Oh noes. Whoa is us.
btw - do you guys have any good home gardening tips?
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Fred Bastiat
Originally Posted by JohnnyMack
How's that 401k been doing, Johnny?
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Fred Bastiat
Quote
If God wanted Men to look women in the eyes, He wouldnt have gave em Boobs !
I actually finally opened my statement the other day.
Off 33%
But since I'm only 33, I imagine it'll see plenty more highs and plenty more lows over the next few decades, so I'll just relax, keep going to work, keep hanging out with my kids and keep drinking good beers. Tonight it's, Ten Commandments by Lost Abbey.
I actually finally opened my statement the other day.
Off 33%
But since I'm only 33, I imagine it'll see plenty more highs and plenty more lows over the next few decades, so I'll just relax, keep going to work, keep hanging out with my kids and keep drinking good beers. Tonight it's, Ten Commandments by Lost Abbey.
Well then, it's a good thing you'll retire long after Obama has left office. You might have a shot.
Have you thanked your kid yet for paying for our stimulus?
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Fred Bastiat
I can just thank him for not ****ting in the tub during his bath tonight.
You know they've been talking about our kids paying for our excesses for like 20 years (if not a lot longer).
I think we may wake up and find out we ARE the kids who are going to pay...
Speakin of Kids , when we gonna see a new Pic ???????
Quote
If God wanted Men to look women in the eyes, He wouldnt have gave em Boobs !
This is a month or so old, but you get the idea:
Cute KidThis is a month or so old, but you get the idea:
Quote
If God wanted Men to look women in the eyes, He wouldnt have gave em Boobs !
Looks like your initial call was right. Good jorb.
"The choices we discern as having been made in the Constitutional Convention impose burdens on governmental proceses that often seem clumsy, inefficient, even unworkable, but those hard choices were consciously made by men who had lived under a form of government that permitted arbitrary governmental acts to go unchecked." INS v. Chadha, 462 U.S. 919 (1983) (Burger, C.J.)
Yeah I should have left it alone.
But it was a guess on my part, anyway.
"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
- Fred Bastiat
Heh.
I think we're probably going to see a steady decline punctuated by minor rallies for a few months.
Expect financials to take another hit when 1q earnings are announced. I explained a change in accounting rules the FDIC mandated that's sucking up a bunch of earnings. Expect things to look rosier in 2q as reserves are stabilized for the new accounting rules and banks work some "impaired" loans off their books. We may be looking at significant windfalls in 4q.
"The choices we discern as having been made in the Constitutional Convention impose burdens on governmental proceses that often seem clumsy, inefficient, even unworkable, but those hard choices were consciously made by men who had lived under a form of government that permitted arbitrary governmental acts to go unchecked." INS v. Chadha, 462 U.S. 919 (1983) (Burger, C.J.)
I hope your right, I have taken such a hit in my 401k, i am going to the very aggressive side. I think soon it can only go up
Posse Member hoping for middle manager, Yep , I dont know ****
"Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well armed lamb contesting the vote."
Quote:
Originally Posted by C&CDean
I'm a tolerant mother****er.
I think anyone who buys WFC is likely to be sitting pretty once this all shakes out. I haven't looked at their10-k filing, but I'm willing to bet that the biggest hit they took was reserving for bad debt.
Last edited by Frozen Sooner; 3/4/2009 at 08:05 PM.
"The choices we discern as having been made in the Constitutional Convention impose burdens on governmental proceses that often seem clumsy, inefficient, even unworkable, but those hard choices were consciously made by men who had lived under a form of government that permitted arbitrary governmental acts to go unchecked." INS v. Chadha, 462 U.S. 919 (1983) (Burger, C.J.)
I am pretty much amazed that China's still strong economic growth is mentioned as a factor on Wall Street. They are having their national party conference and their idea of public perception is pretty important to them now. Count on some doubters later. I can't figure out how they can turn on and turn off the spigot for global trade so easily. I can't figure out if there is a new and important risk factor for new foreign investment in China. I can't figure out what they are importing from the rest of the world besides raw materials and commodities. I can't figure out how their strong economy would boost the rest of Asia or the rest of the world.
Regarding US financial institutions, Froze, I ain't so sure it is useful talking about 4Q09 when some of the banks may have been already nationalized. But, it would be good news for taxpayers.
Chuck's version of Christmas is the Anti-SicEm-
SicEmBaylor
Yeah, I would still steer clear of investing in financial institutions. I could be wrong. Time will tell.
I could be like that dude who predicted really terrible doom and gloom stuff. His conclusion was that Americans should only spend money on bare essentials and pay off debt. The funny thing is that if everyone followed his advice, then we would really be in a terrible doom and gloom situation.
Chuck's version of Christmas is the Anti-SicEm-
SicEmBaylor
I will be greatly surprised if banks are nationalized in a way similar to previous nationalizations. We may see conservatorships, but true ownership of banks by the federal government...hmmm. The FDIC is really really good at finding market-based solutions.
Just looked up WFC's 10-k and they don't include their financials on edgar. Chuck, any way you can take a peek real quick and tell me what their Net Income was vs. their reserve for bad debt or impaired loans?
"The choices we discern as having been made in the Constitutional Convention impose burdens on governmental proceses that often seem clumsy, inefficient, even unworkable, but those hard choices were consciously made by men who had lived under a form of government that permitted arbitrary governmental acts to go unchecked." INS v. Chadha, 462 U.S. 919 (1983) (Burger, C.J.)
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