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It seems gold fans fall into two categories: 1. People who think of it as an "investment" as opposed to a "trading vehicle". I have no problem with that if you can make money with it, good luck to you. But, make no mistake, it is a "tulip bulb" you are trading...greater fool....really...

During the S/L fiasco and the early 90's there were over 1000 banks closed...... Texas lost ALL of its banks....ALL.... Today is peanuts....media hype.... SteveD

What exactly is the attraction of gold? $800/oz !!! Oil is only $50/bbl and one can make a lot of products out of that oil... What does a "hedge against the dollar" really mean? Who is actually going to take your gold to buy groceries, etc etc... I have always viewed it as the...

I don't think the uptick rule is the problem.... I think when the regulations are updated basic short selling as we know it will not be allowed..... Think about if: Being allowed to sell something you don't own is absurd.... Hedge a long posistion: Futures/options address that now...

The car business is a fairly simple operation..... I did not say Buffett should invest in it....over see the re-structure.. Problem has been a complete lack of objectivity.... Buffett brings objectivity, brains, credibility and Chp 11 gives him the necessary tools.... Understand...

GM needs to go to Chapter 11....US gov financially backs them as to any cash needed... Bring in Buffett and Berkshire to have oversight while GM re-structures... Buffett understands this type of business...has credibility with everyone.... In 2 or 3 years GM comes out a smaller, but...

Rick's started as a small upscale club here in Houston...went there a few times...Anna Nicole Smith used to dance there, LOL... I think the bookkeeper is the one who recognized the potential if you operated it correctly and took it on the road.... SteveD

If the US goes into a deep recession, most, if not all, of the world will be set back some 10 years..... It is naive to think otherwise..... SteveD

Gold is and always has been a "greater fool" investment...offers no income, no commercial value...just hype from gold bugs, LOL Real estate commercial values will go to over 10 cap rate or higher for class B or below.... If one can get 4% in a CD with NO RISK why would one invest in a...

I would not consider it a "sell-off" as much as a buyers strike.. No major player wants to be exposed over the weekend with the meeting going on.... Also, most taking care of redemptions etc etc to be establishing new posistions on a late Friday.... You people really "over think" all of...

I am in real estate in Houston...in the mid 70's I had a client that officed at 30 Broad (backdoor to NYSE).... We paid more office rent than they did....LOL.... How time changes everything..... SteveD

I am not aware of the US defaulting in the last 200 years.... The investor has and will always get his money back.... The housing myth was busted in the early 80's in Texas with the S&L debacle.... I have seen this rodeo before.... Anyone with common sense knows one can easily...

The US is always going to be the safe haven.... Difference between return ON investment and return OF investment, LOL... Really no contest.... SteveD

I think the Post Office does a pretty good job considering what they do...... Delivering millions of items daily!!....very low price.... What corp would you use as an example? Auto? Airlines? Wall St? Fannie/Freddie? Very well run private businesses are actually very rare...

Buffett is trying to explain to Obama that the stock MARKET is in NY .....the stock YARD is in Chicago..... Of course, the end result is the same in both, LOL SteveD

One item over looked by the mainstream media is this: Bush/Cheney had armed free lance regulators that would take people out of apartments, put on a bus and taken to a new subdivision. They were FORCED to buy at least one, if not two, homes. Most of these poor innocence victims tried...

I think that short selling will be banned in the near future.... You think the stock going down or over priced...don't buy it... You long and want to hedge....use options/futures/ETFs... Shorting was first allowed to provide for hedge....no longer needed....too many abuses...

Read an article last week that Dubai is straining financially as they actually have very little oil income....it is more real estate and financial services that supports them... They will be protected/supported by neighbors who have the oil money.. That was something I did not know...

I do think you will see the elimination of pure straight shorting. There are many ways to hedge your long posistion now through options/futures/ETF etc etc. The ability to send massive sell orders on one stock which drives it into a "death spiral" is something never anticipated or possible...

If my memory serves me correctly, Julian Robertson went big time into the "tech market" at the very top......lost his ass.... Not critizing as he has made tons of money, but just pointing out everyone makes some big wrong calls.... SteveD