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Stock market crash ahead ? (Page 3)
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EricTheRed
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Jul 8, 2008, 12:19 PM
 
Originally Posted by turtle777 View Post
Oh, just read the rest of the thread. You're in for a real treat

-t
My bad. I should have included </sarcasm> at the end of my post.
     
Uncle Doof
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Jul 9, 2008, 01:10 PM
 
Happened across this today, thought it appropriate.

The only function of economic forecasting is to make astrology look respectable - John Kenneth Galbraith
     
turtle777  (op)
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Jul 9, 2008, 02:19 PM
 


That's funny. I'm just surprised that there is nobody forecasting next weeks lotto numbers.

-t
     
64stang06
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Jul 9, 2008, 03:26 PM
 
Originally Posted by turtle777 View Post


That's funny. I'm just surprised that there is nobody forecasting next weeks lotto numbers.

-t
8 15 19 23 27 44, and the mega ball will be 22.
MacBook Pro 13" 2.8GHz Core i7/8GB RAM/750GB Hard Drive - Mac OS X 10.7.3
     
turtle777  (op)
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Jul 10, 2008, 10:58 AM
 
What if Fannie Mae and Freddie Mac go belly up ?

http://money.cnn.com/2008/07/09/news...ion=2008071007

We'd have a huge effing problem, and a stock market crash for sure.
I think there would be an intervention of some kind, but holy cow.

The doomsday scenario could cost taxpayers more than $1 trillion, says the S&P report. The report went so far as to say that a government bailout of Fannie or Freddie could force the agency to lower its rating on the creditworthiness of the United States.
-t
     
Powerbook
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Jul 10, 2008, 12:00 PM
 
Has anyone seen what is happening to Beazer Homes (BZH)??? God damn. Here I am losing money...

:-(
( Last edited by Powerbook; Jul 10, 2008 at 12:18 PM. )
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turtle777  (op)
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Jul 10, 2008, 12:26 PM
 
Why the heck are you still holding on to home builders ?
Greedy speculative nature ?

-t
     
Powerbook
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Jul 10, 2008, 12:34 PM
 
Originally Posted by turtle777 View Post
Why the heck are you still holding on to home builders ?
Greedy speculative nature ?

I invested in home builders _after_ they crashed. That's anti-cyclic investment. Typically works out if you haver the time to sit it out.

PB.
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turtle777  (op)
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Jul 10, 2008, 12:36 PM
 
So you tried to pick a bottom. Sorry, never grab for a falling knife.

Right now, Home builders and Financials have NOT bottomed yet.

-t
     
Powerbook
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Jul 10, 2008, 12:59 PM
 
Originally Posted by turtle777 View Post
So you tried to pick a bottom. Sorry, never grab for a falling knife.

Right now, Home builders and Financials have NOT bottomed yet.
Well you're always smarter afterwards... it looked like a stable bottom for quite some time.
But I guess you are right - we haven't seen the worst in that parts of the market...

PB.
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turtle777  (op)
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Jul 10, 2008, 03:04 PM
 
Originally Posted by Powerbook View Post
Well you're always smarter afterwards... it looked like a stable bottom for quite some time.
But I guess you are right - we haven't seen the worst in that parts of the market...

PB.
Not by any means. The trouble that Fannie and Freddie are in could cause a near collapse in the Financial markets.

Even if they get bailed out, this will be huge.

-t
     
turtle777  (op)
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Jul 11, 2008, 08:22 PM
 
Wow, can you guys believe what happened today with Fannie and Freddie ? Uneffingbelievable.

And the next victim of the banking crisis has arrived: Indymac is being taken over by the FDIC.

-t
     
Powerbook
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Jul 12, 2008, 06:14 AM
 
Originally Posted by turtle777 View Post
Wow, can you guys believe what happened today with Fannie and Freddie ? Uneffingbelievable.
But the latest landslides have been logical - the government brought nationalization into the discussion. And there is probably nothing the proud Amaracan share holder hates more than communist business solutions.

PB.
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Powerbook
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Jul 16, 2008, 04:11 PM
 
BZH + 22% now.
Of course no substantial news to that jump, again...

PB.
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Quantum Trader
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Jul 19, 2008, 06:33 AM
 
Reporting session has been better than expected? Luckily for the Fed / Banks most people have short memories. Don’t forget that mortgage backed securities have been temporary replaced with T-Bonds on US bank balance sheets. This means that the Dollar is now backed by mortgage securities and the share market backed with T-Bonds. There is no limit to innovation but I hope they know what they are doing.

-qt
( Last edited by Quantum Trader; Jul 19, 2008 at 08:21 AM. )
     
turtle777  (op)
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Jul 19, 2008, 01:49 PM
 
Originally Posted by Quantum Trader View Post
Reporting session has been better than expected? Luckily for the Fed / Banks most people have short memories. Don’t forget that mortgage backed securities have been temporary replaced with T-Bonds on US bank balance sheets. This means that the Dollar is now backed by mortgage securities and the share market backed with T-Bonds. There is no limit to innovation but I hope they know what they are doing.

-qt
For once, you make sense, and I actually agree with you.

-t
     
 
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