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Stock market crash ahead ? (Page 3)
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Dedicated MacNNer
Join Date: Jan 2007
Location: Minnesota
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Originally Posted by turtle777
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.
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Senior User
Join Date: Jun 2008
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Happened across this today, thought it appropriate.
The only function of economic forecasting is to make astrology look respectable - John Kenneth Galbraith
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Clinically Insane
Join Date: Jun 2001
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That's funny. I'm just surprised that there is nobody forecasting next weeks lotto numbers.
-t
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Mac Elite
Join Date: Aug 2007
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Originally Posted by turtle777
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.
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Clinically Insane
Join Date: Jun 2001
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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
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Mac Elite
Join Date: Mar 2001
Location: München, Deutschland
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Has anyone seen what is happening to Beazer Homes (BZH)??? God damn. Here I am losing money...
:-(
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Last edited by Powerbook; Jul 10, 2008 at 12:18 PM.
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Aut Caesar aut nihil.
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Clinically Insane
Join Date: Jun 2001
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Why the heck are you still holding on to home builders ?
Greedy speculative nature ?
-t
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Mac Elite
Join Date: Mar 2001
Location: München, Deutschland
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Originally Posted by turtle777
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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Aut Caesar aut nihil.
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Clinically Insane
Join Date: Jun 2001
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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
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Mac Elite
Join Date: Mar 2001
Location: München, Deutschland
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Originally Posted by turtle777
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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Aut Caesar aut nihil.
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Clinically Insane
Join Date: Jun 2001
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Originally Posted by Powerbook
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
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Clinically Insane
Join Date: Jun 2001
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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
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Mac Elite
Join Date: Mar 2001
Location: München, Deutschland
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Originally Posted by turtle777
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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Aut Caesar aut nihil.
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Mac Elite
Join Date: Mar 2001
Location: München, Deutschland
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BZH + 22% now.
Of course no substantial news to that jump, again...
PB.
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Aut Caesar aut nihil.
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Fresh-Faced Recruit
Join Date: Jun 2008
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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
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Last edited by Quantum Trader; Jul 19, 2008 at 08:21 AM.
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Clinically Insane
Join Date: Jun 2001
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Originally Posted by Quantum Trader
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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