Congrats to the Government

[WaveStrider]

Quote from piezoe:



This has to do with Greenspan taking the discount rate to historic lows in late 2003, as we were coming out of a recession to goose the economy at precisely the wrong time to help his buddy George get elected in 2004. And then, while aware of excesses in the mortgage lending, turning a blind eye to them.

And now you expect Bernanke and Paulson to be able to fix the mess?

Wow - maybe that is why that Ron Paul guy keeps saying the Fed should be abolished.

Bernanke wants more powers. Maybe if we made him King that would fix things.

 

[gnome]

Quote from WaveStrider:

"... Bernanke wants more powers. Maybe if we made him King that would fix things.

Why don't you propose just that? Bet he wouldn't turn it down...

 

[pavlov0032]

Quote from Aaron Copland:

Our leaders are doing a great job. If you don't like it then LEAVE.

Makloda, Landis, did I do it right?

or change the leaders.. too bad 90% of americans will never know/dont care of whats happening with their tax dollars.

 

[gnome]

Quote from pavlov0032:

or change the leaders.. too bad 90% of americans will never know/dont care of whats happening with their tax dollars.

I think we'd care if we understood. But Gummint isn't going to spell it out for us, and we [collectively] are too naive and trusting to challenge their actions with zeal.

Much like the CEO who trusts the CFO so much that he never inspects the books... only to wake up one day and find that all of his money has been embezzled.

Some day the average American will "get it", but it will of course be much too late... the sting will have long ago been played.

 

[runningfreeyeah]

Funny, the bitch and gripes. You all must have got killed today. I guess your trading strategies must have blown up. Don't worry statistically 95%+ of all traders in the long term never make a dime. If you were true investors like Buffett you would be salivating at all the bargains. WELCOME TO THE LOSERS CLUB SUCKERS.

 

[S2007S]

That follow through rally was awesome...





Did you actually think this FNM FRE bailout was the bottom.

There are more bailouts coming.

Dow 10k

 

[piezoe]

Quote from runningfreeyeah:

Funny, the bitch and gripes. You all must have got killed today. I guess your trading strategies must have blown up. Don't worry statistically 95%+ of all traders in the long term never make a dime. If you were true investors like Buffett you would be salivating at all the bargains. WELCOME TO THE LOSERS CLUB SUCKERS.

I am both an investor and an intraday trader. On days like today I am reminded how nice it is to be able to trade intraday and walk away with a nice profit regardless of the markets direction. As an investor i look forward to the many bargains and opportunities to sell puts (always unleveraged only) that a falling market will eventually offer the patient investor.

 

[Aaron Copland]

Quote from runningfreeyeah:

Funny, the bitch and gripes. You all must have got killed today. I guess your trading strategies must have blown up. Don't worry statistically 95%+ of all traders in the long term never make a dime. If you were true investors like Buffett you would be salivating at all the bargains. WELCOME TO THE LOSERS CLUB SUCKERS.

Shhh not to loud, you will reveal there true strategy, post doom and gloom to drive the market lower.

 

[GermanTrader]

Quote from flipflopper:

I don't really care.... its the poor folk and joe six pack who need the goverment that are going to be hurting.

If you're rich anything the gov does will have little or no effect on your life or lifestyle. The only thing others have to worry about is the increase in crime that occurs during economic depressions. But I've got a fully loaded clip for anyone who wants to play try that shit on me.

I like your attitude. Success.

 

[GermanTrader]

Quote from WaveStrider:

Wow - maybe that is why that Ron Paul guy keeps saying the Fed should be abolished.

Ron Paul has marbles and balls. More than the other two liberals running for Pres this year. One may feel at ease dismissing him as a candidate, but if you have ANY common sense, there should be no easy dismissing his economic, social and foreign policy. If there is, check your internal bias, it is interefering with the brain.