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the point is valid that many homes' prices are based on the monthly payments. this clearly doesn't apply to all houses and neighborhoods (sadly especially not the ones I like). But yeah, to have a really nice home have the price depressed to 200k or something because the mortgage rate is high...

wow, I didn't know they even had 79 thousand homes in Cali. That must be, like, almost all of them...

if he had been a business major, he would charge the 160k to his credit cards, and file after 120 days. stutent loan over...

plus everyone seems to forget that it;s our money that's going to the bailout. I am paying for other people's mortgage to be adjusted down. The fact that I am not eligible for this benefit, and only foot the bill pisses me off.

interesting discourse. Southamerica must have a lot of spare time...

What was the name of the fund? not Empirica??? I'm actually a Taleb fan, if for no other reason other than his delightful cynicism. Thanks

remind me what FDIC Friday is?

the bailout is a handout. period. not sure why there is so much confusion about CDS's. it basically insurance against a credit event. sure it sounds weird that someone is taking out life insurace on me that I don't even know, but maybe they're convinced that if something were to befall me the...

despite the long and irrelevant discourse prior to what I think your point is: world economy steered to this point for financial power grab; global financial regulatory body waiting in the wings; etc., I have to say that I would not be surprised if it turned out to be true.

it's post like these from people with usernames several years old that make me really worry. I'm the one left holding the POT and MOS bag, although I definitely didn't buy them as "bargains." you guys remember the video with the guy blowing up his account? that's sort of how I feel as I...

I'm one of them. bought POT at 220. MOS at 130. BG at 69 or whatever. no stop. bought them in an IRA, so hopefully they bounce back in the next 30 years... I'd rather ride them to zero than capitulate. (clearly not a view I'd hold if I had bought them in my trading account)

I agree with him. especially the part about "we just pumped $630 billion in, another $700B isn't going to fix it..." his hair sucks though....

agree 100%

Meh, I worked there for about 4- 5 years. Mark hurd is way beyond cutting fat, and has been cutting muscle/bone for a couple of years now. Many employees hate his guts, and most the talented/high performing employees are leaving for other companies that pay real bonuses, raises, etc. All the...

I agree 100%. I wish I had the time, expertise and guts to play this right. This will be a "life altering event" for people that get it right. (well, or wrong, lol). Despite all good advice and introspection, I have decided I am too damn stubborn to abandon my POT, BG, MOS and FNARX. I will...

are you serious, or was that rhetorical? :D

another difference I see between fertilizer and tech stocks is that people fundamentally demand to eat. they don't fundamentally NEED to buy movies online or search for stuff on yahoo. I definitely agree that I am bucking the market here, a big no-no. I refuse to take my lumps on this...

I'm long fertilizer stocks and am just taking a beating. Fundamentally the environment has never been better for their business. (Well, except for the strike at POT). Also whenever the DOW & S&P pop, Ag takes a crap. is that because people are taking their money out of ag to put back into...

In true form, I got in at the top in POT, MOS & BG. I am the dumb money, I guess.... I guess I understand POT going down, given the strike and all, but people aren't going to stop eating, and dammit, you need fertilizer to grow food (any kind of food, except fish maybe). wtf? I am...

So I'm hearig about the airlines gounding parts of their fleet to reduce capacity and drive up prices. It's all over the news. that should be illegal as hell. remember enron shut down some power plants to reduce capacity and drive up prices? people went ot jail for that. why the hell can...