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The lower earnings had already been priced in. Hah!!! ROFLMAO - such horsesh!t. Green shoots! Sorry - I just couldn't resist writing that first line! I agree with what you are saying...which I understand to be, "How can prices be going up, when forecasts for future growth are lower...

Thanks for the reply! I guess where you and I would differ is that (like you) I hope for panic...but, I prepare for "social distortion" :D Regards, gastropod

You still don't understand! You asked about capitalism 2000-50 years ago. I am only looking at America - say 200 years. I would argure that there were "some" ethics - but it has been decreasing over time. I don't disagree with your child labor points - I would say they were following the...

I can see that you TOTALLY fail to understand capitalism. Capitalism exists BECAUSE of good ethics. Without GOOD ethics there is no version of capitalism that will work. Mere laws on books will NEVER work for capitalism. That is part of the problem with MODERN capitalism. You have...

Interesting point RC! It may be that the best position is to stockpile on arable land (owned without a mortgage) and stockpile food, water, clothing, etc. - a position I am not against :D The big question is: When does it fail in the ball of fire? A week from now...a month from now..a year...

:confused: We HAD a gold standard. The unfortunate thing was that MORONS like FDR, etc followed the keynesian bulsh!t. The problem was NOT that there was not enough gold - the real problem was that those dumb sh!ts had raised the leverage levels too high (or said another way - the fraction...

Non rhetorical question: Would you rather buy property from the pope or Ben Bernanke? -gastropod

Let me - gastropod - be the first on this board (and from the "goodness" of my heart) to offer $0.0002 on the dollar of each California IOU :D Oh, it may seem cheap now, but you just wait...gimme a few months and my offer will look magnanimous LOL!!! Sorry, I couldn't resist the gallows...

Look from around 3:30 P.M. Eastern - nothing but up - "green shoots" I guress ;-) What was the "rally" from 3:30 about? Was there some great news that came out or some piece of economic data? Outside of the BS of "short covering" or some crap - the market went up - why? -gastropod

OK, what are the "talking heads" saying is the reason for the "rally" on Friday afternoon. Miraculously undoing the "down" day on Thursday! How long do the morons in gov't think they can manipulate the markets? I know volumes are MUCH lighter these days - only a matter of time before full...

It would appear that this is happening...but, in a VERY specific manner - the Chinese are buying up farmland all over the world! They bought about 6,000,000 acres in the Congo. Hmmm, do they not want the US to be the breadbasket of the world? Preparing for war? Saudis are doing the same...

Newton developed his three laws of motion for God the Father, The Holy Spirit, and The Messiah - Jesus. It would seem that belief in creationism is not the problem. :D -gastropod

You are forgiven, because you are relatively new... http://www.elitetrader.com/vb/showthread.php?s=&threadid=147142 -gastropod

This list seems to be missing a few items... unexplained market rally = "short covering" unexplained market rally = "insiders going long" unexplained market rally = cost averaging into the market by the all elusive "dark pools" -gastropod

Eliot Hosewater - Couldn't agree more...but, because Ambac "insures" hundreds of billions of dollars worth of of MBS/CDO/bonds - it would probably require a new "program" from the gov't...not necessarily the most popular thing these days :D Considering that JP Morgan, etc. have complained...

Not really :D I am wondering why nobody cares? It was my understanding that Ambac and MBIA, etc. insured the bonds and CDO on hundreds of billions of dollars. It was my understanding that even so much of a credit rating shift of one of these creatures would cause mutual funds and others to...

No, I am REALLY asking - "how did the media ignore this?" For the longest time Ambac, MBIA, and the rest of the "monolines" were the biggest things in the news - now nothing??? Really - how much are the banks relying on Ambac to "insure" there MBS/CDO crap? We saw this week that MBIA was...

OK, so how did this escape media attention - this is a nice F U to you optimist morons! http://www.sec.gov/Archives/edgar/data/874501/000119312509106974/dnt10q.htm BTW, if you have a bit of sense...go check out news.google.com's recent media filings on Ambac - notice the nice crap about...

If you haven't seen Gerald Celente's comments about the near future - search the web and find them. -gastropod

No need to see a blotter - just look who they were "trading" with...how the hell else do you think J.P. Morgan, Morgan Stanley, etc. were "making money trading" - my guess is they were trading amongst themselves. It sure made the "quarter" look good, but now the P/E for most of the market is...