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good thing Ive been 100% cash since last year :) somewhere down around 7500 or 8k there might be a buying opportunity

the church is oli-garchal :)

its a buy at 10% discount from the IPO price of 70 should get there before too long Im buying IBM again at 55 too

The popes comments are typical of a guy who wears only the finest clothes, travels in a private jet and lives in a really nice house in the middle of Rome maybe the church should eat its own cooking and sell off some of those prime properties and give the money to the poor

Who are the heavy weight advisors?

JPMC (that was a joke)

Absolutley that stuff is the first thing to go when things get tight

Absolutely true Im a mortgage broker really not much problem with writing A paper

I opened my monthly credit card bill last week, and sure enough - right in there with it were courtesy checks inviting me to spend up to my credit limit on the card (about $50K) --- for anything I might want :)

still looking for a good one that doesnt cost a horses leg

Was Bill Heard one of those guys that used to throw your car keys on the roof and not get them down until you signed the contract on the new car? they used to do that here

So in my town that would take me from 5 Chrysler dealers to 4? holy shit!

is mortgages going into default --- why dont they just use the $700B as a slush fund to guarantee any mortgage that goes bad? then leave the Wall Street guys to untangle their own mess with exotic products based on the mortgages?

its the '45 automatic' principle its something thats better to have and not need, than to need and not have

do you have a set limit for how much you will lose in a given day? or how many trades?

China GDP released yesterday +11.7% sound like depression to me

so back to the drawing board

LOL well yeah,,, simplify simplify simplify Thats really the point of the excercise, isn't it

Actually I think it indicates how misdirected my thinking is :-) thanks