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I'm right there with you cracked. Hell I used to work for Ernst & Young, and I know how difficult it was to get any level of confidence in the financial statements of a large corporation. I've seen instances where no one was trying to mislead, it just so happened the computer program...

Here you have demonstrated a very big problem (in my mind) that is a serious fallacy for all buy and hold investors. No one that is currently working in the equity markets has ever seen a period of 10-15 years (hell maybe 20) of flat or sinking markets (unless of course they've lived in...

LOL If you consider generation skipping tax, probably not.

How much money do you think she makes to spew her tired obvious info? 1 mil a year? more? Chas - you and I have spoken about the uselessness of television before, but I didn't realize that you didn't watch any TV. I want to try your method for a week and see what happens.

Does anyone think that this idea is worth a damn? At first I thought it was a good idea, but now I’m thinking that if I’m a CEO, and my books are cooked, why would I want to reveal that fact to the public? Pro’s 1) A clear conscious Con’s 1) Loss of job 2) Name and...

Al'right dude, good luck.

OK then answer me one question. Why would the market turn at 23 times earnings? You may somehow manage a gain by Friday, but (since you are a buy and hold investor) that doesn't mean you will sustain that gain for the life of the investment. FYI, eveyone here thinks their money is...

I can't imagine why: Accounting Scandals (which may be just the tip of the iceberg) P/E ratios still in the 20's ( the highest market bottom in history was at 12.5 times earnings) The Dow has lost 2000 points in 2.5 months (tell me when that's happened before). It looks like we're...

Good Post, you've hit on some of the core issues that no one in the media is talking about. I think what we're really seeing here is a clash of economic ideologies rather than religious ideologies. As a culture the Israeli's are a very hard working lot, that put work and success above...

True, True, True The middle of August is notorious in the commodities industry for big reversals, I don't doubt that the 8/14 sign off will just add a little more craziness.

Yea, I see that as possible if earnings recover, but that's not what's happening. I see scared investors, accounting scandals and people increasingly putting everything in cash. If a full scale panic gets started we'll be at 5000 in two months, 2600 in a year.

Anyone else think we're seeing the last days of the Dow in the 8000's?

You better keep that memory, because (in my analysis) its likely that the market won't reach these levels again for a very long time. When the market crashed through 9000 it was not a start to a double bottom. It was a clear signal that the Dow spiral is in full effect. Sure, we've had a...

Ditto! If we break below 7500 grab your parachute.

Yes, everything you said is true. I guess in a since it's a chicken and egg problem. What you're referring to is the motive behind those who were taking out these loans, who are certainly 50% of the blame. My point is about those who are giving out the loans (both then and now) are equally...

The 20 day moving average of the number Chas posts has crossed the 50 moving average of Don's posts. I puts Chas as the leader on 9/1/2002

Thanks Cracked, I had to go do some honest work in Chicago for a few weeks and it has limited my ability to post. Generally the mortgage financiers make their money off of the transaction fees they charge in securing the mortgage. Usually they sell the mortgage soon afterwards on a...

You do bring up an interesting point though (as we are both very familiar with the CA RE situation). About a year ago a landlord put her rental up for sale (one of my friends was the rentee). My friend asked the landlord "does this mean we need to look for a new place to live" ? The...

Yea, I know. What's it even worse is that Fannie Mae has a 100 billion dollar line of credit with the Fed. Furthermore I don't see the federal government letting Fannie Mae fail, so you can expect the Fed would kick in what ever it took to keep it afloat. In the end we're all going to pay...

I disagree. Real Estate is not a better place to put your money if the market is going down. Buying is only better if you can't rent the same place for more than the monthly mortgage on the house (adjusted for tax deduction, transaction fees, equity gains, etc.).