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  1. peilthetraveler

    Its the great depression today! (for Russia)

    Looks like their stock market dropped 17.45% today and then trading was halted. Guess we know who the oil speculators were.
  2. peilthetraveler

    Anyone remember the gas prices???

    Takes a bit of time to see those prices at the pump change and its always off and hard to figure out too. I remember after hurricane Katrina, oil prices were 60 bucks per barrel and gas prices were 2.89 per gallon 2 weeks after katrina hit (I remember this because i had just got back from...
  3. peilthetraveler

    Banks Collapse = Strong dollar

    only if you look in your bank account one day and find that your 10k in savings, your 50k CD and your 25k in your checking account "magically" disappeared. Then yeah, We would have a really strong dollar.
  4. peilthetraveler

    So what's the Fed going to do?

    Wow...im the only one that thinks they are going to raise the rate huh? I dont know, but it just seems to me that the gummint doesnt give a flying fig anymore about what happens to your stock prices and they know a rate cut will raise the dow 100 points or so for a few hours, but by the end...
  5. peilthetraveler

    Bank of America Agrees to Buy Merrill

    HEADLINES: BofA agrees to pay 12 dollar premium to MER. MER closes up 1 cent. Boy...all the newbs thought that they had money in the bank when they bought MER at 21 dollars per share at open this morning...little did they know that by the end of day, they would have lost 20% of the...
  6. peilthetraveler

    Shorting LEH?

    at 37 cents...thats a pretty hefty near 50% dividend you'll have to pay out. :P
  7. peilthetraveler

    Rate cut?

    Now there is talk of a rate cut. I dont see it happening, but what do you all think?
  8. peilthetraveler

    Average Joe starting to talk about economy

    The bottom happens when ALL the average joes start talking about how bad the economy is. Just like they were all buying homes in 2006, buying gold at 1000 per ounce, buying oil at 140+ per barrel and putting all their dollars into euros at 1.60 to the euro.
  9. peilthetraveler

    Lost my account

    All you gotta do is remember "preservation of capital" Unfortunately I really didnt "get" what that meant until i had blown a few accounts. Your lesson so far as cost you 10k. My lesson cost me about 40k. Funny thing was that i heard people say "preservation of capital" all the time and...
  10. peilthetraveler

    Why cant the government do this to avert the housing crisis?

    Take these 350k homes that are now worth 200k and give them government loans at 1% fixed for 30 years. The payment on 350k at 1% is less than 200k at 6%. You could sell these homes to investors who could rent it out at market rate that would pay down the debt. Sure the government will get a...
  11. peilthetraveler

    Gotta hand it to India...

    Ok, I have been wanting to buy one of those "Smart fortwo" cars for a while, but they have been unavailable in the US until now. But now that they are here, they are way too much for what you get. 20k bucks for that tiny car that i just wanted for around town is terrible and is not economical...
  12. peilthetraveler

    OPEC cuts 500k barrels per day

    Nuking them wont work. We nuked Japan once and 50 years later they got pretty powerful. Good thing Japan doesnt have muslims. What we really need to do is convert all the islamists to christianity so we can all do business without fear of blowing each other up. Iran isnt the problem...
  13. peilthetraveler

    Failin' With Palin

    Oh yeah...that article in "Alaskonomics" Is not biased at all. I mean just reading the first sentence and you can tell its a bunch of propaghanda. "Sarah Palin thinks she's better than you because she is from a small town" Hey, I can do the same thing with Obama...."Obama thinks he's...
  14. peilthetraveler

    OPEC cuts 500k barrels per day

    I see this article about OPEC getting scared that oil is going under 100 bucks a barrel so they cut production to 28.8 million barrels per day....I'm sure the good ol' USA wouldnt mind picking up the slack and putting an extra 50 million bucks a day in our pockets while the gettin's still good...
  15. peilthetraveler

    This guy lost 1 million bucks on FNM/FRE

    http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_F/threadview?m=tm&bn=7179&tid=295203&mid=295203&tof=15&frt=2 I saw this on the message boards dated Sept 6 on yahoo. This guy went into great detail on why he was long and why it was a good bet. It was a little too long to post...
  16. peilthetraveler

    It's Sat. Sept. 6th 2008 I want to buy your FNM and FRE shares!

    How nice of you to all hold out...Im sure by close today that though i will get a bunch of PMs saying "will you still buy my FNM shares for 15 cents." Only 55 cents left to go!
  17. peilthetraveler

    My own personal FannieMae buyback program

    Not anymore. FNM 70 cents as of this writing. :P
  18. peilthetraveler

    FNM/FRE Bailout Worst Screwup Of Bush Administration

    What is with all you people???? You know usually I only hear a few remarks that are wrong and a few marks that are right, but you guys have this bailout DEAD wrong. You think if FRE FNM just collapsed thats the end of it? two stocks off the exchange? No...they collapse and then all the banks...
  19. peilthetraveler

    Cost Efficient Solar

    Interesting that the article said this..."And if coupled with economies of scale, the cost of generating solar-energy could go down to 1 yuan (0.14 dollars) per kilowatt hour..." Its funny because right now in my house here in N. California, I pay 9.35 cents per kilowatt hour (for the first...
  20. peilthetraveler

    It's Sat. Sept. 6th 2008 I want to buy your FNM and FRE shares!

    So its going to be tommorrow or monday that we hear about FNM FRE. If I offer to buy all of the shares from you bagholders for 15 cents per share. How many of you will sell me your shares right now?
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