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Have opened an account with TOS and am funding it presently.

Still too much money out there and too much liquidity. My guess (and its a guess, so take that for what it is worth) is it plays out with an A-B-C type correction and then great doldrums thereafter preventing anyone from earning much of a return. There has not been enough pain inflicted yet.

Geez. Buying a farm and sitting this one out is getting more and more attractive every day. Some articles on bloomberg starting to talk about monetization of debt by fed buying l.t. treasuries to keep rates low. Put that together with paulson's recent TIPS comment. Bodes quite ill.

Good call, but a bit simplistic.

Yup.

A while ago I read something on one of the personal finance blogs regarding credit scores and it discussed how credit scores are skewed against the wealthy at times. Argument being, that those who have solid finances have little need for credit. This may actually lower their credit score...

You know Gnome, in such a slowdown, it does hurt worse to be china with all these investments in factories, etc... that pollute the environment and will barely turn a profit. And god forbid if nanotech takes hold - all those fabricants are toast. Was reading Fareed Zakaria's "Rise of the...

Lest it reveal me as a card carrying member of the tinfoil hat crowd, I do believe that something went terribly, terribly wrong about 1 to 2 months ago precipitating all this mess. Everything works. Until it doesn't.

Merits recognition along with the world's fastest land animal... The ethiopian chicken.

OK. So therefore the goal is to purchase: 1. Real estate at the lows that is income producing 2. Means of real production (industrial plants, farms, factories) Neither is going to be easy to either recognize or execute due to lack of available borrowing and high value (even...

OK. So any historical works that describe how people profited from the panic of '73? That would be a useful post.

Ummm... didn't those effete chaps get eaten in return for their life of ease?

What did you buy? I bought: ADX (low buy was $7.52) BHD (low buy was $7.32) CAF (low buy was $19.88) JHP (low buy was $3.24) RMA (low buy was 0.84) BSD (low buy was $6.84) NPI (low buy was $9.10) DCS (paid a bit more - $2.73) Missed bids in IMS, NXP, IMT, LBC, EDF and IGR. Was too...

That's certainly what would make the most sense. However, I suspect it is also what most people expect. That's what bothers me, as the crowd is usually wrong.

I've posted previously that muni bonds hold a balance right now between default risk, interest rate risk (rising) and the likelihood of tax hikes upon the wealthy (those who hold munis) with a democrat controlled presidency and congress. While it may not be an exact corollary due to a) nature...

1. Commodity stocks (& commodities) due to HF liquidation into a thinner market than expected. Valuations are truly surprising, I agree. 2. Prefer to be someone in my 40's who hasn't gotten destroyed in the downmove sitting on cash to allocate into distressed assets than someone in my...

At least until next week. (hopefully not. enough excitement this week, thanks)

prices got so low even G-d came in and bought.

OK. First of all, I am not eager to post any more after 10am speech as I am frankly cowed by statements such as "we will prosecute manipulators & those sending false information." Whatever that means, we can be sure that those who are truly responsible will be passed over and the public's...

$Cost - Don't beat yourself up too much - I closed out my short SPY & TWM positions today (TWM much too early and SDS on the close) and cautiously went long the dow through some DIA on the close. Mind you I have some OTM SPY puts that I purchased as lottery tickets up at about 1000 that are...