"Risk is not high, it is extreme."

[dhpar]

Quote from zdreg:

why not? discussion is what chat boards are all about.

i agree. but BuLlSHit only posts articles day-in-day-out and maybe adds a smily or cool face at the end without adding anything to the discussion itself. that's what i was commenting on.

it is easy to say "i agree with the article 100% so now it is your turn to opine".
on top of that most of main stream media articles he pastes is an outright crap with an agenda, e.g. articles 9 months ago about banking and credit. just check it for yourself if you do not believe me - and have time for such a waste....

 

[Greenrush Drew]

Hey Pabst.
Excuse the small sample size but in my building alone I've got, that I know, 3 people looking for new work or vastly underemployed and one lady who skipped town. And I live in a well to do area as you know.
An architect, a financial services guy and a Hollywood Animator.
That's 4 people in an 18 unit condo
Hope all is well with you.

Quote from Pa(b)st Prime:

I've been short for the past 60 SPX points (and long dollars) and I'm close to throwing in the towel.

Bottom line: Despite all the bearish bullshit you post, the economy is doing 10 times better than any of us bears from 2007 could have imagined.

Taking cues from bloggers and the media is death-they have a self invested bear slant.

Cases in point: There has been story after story about the NFL maybe needing to soften their blackout policy on televised non-sellouts. The reality? ONE GAME has been blacked out the first two weeks.

Another: "Ghost buildings" in Miami. The dirty unpublished secret? Around 75% of those units have sold since July 1 and not for pennies on the dollar but for only 35-50% off. In L.A. a troubled downtown loft developer went to auction last weekend and sold EVERY UNIT with only a few going cheap. From what I hear there was a buying frenzy at the end of the sale from locked out buyers. Funny but I'm yet to see that story ANYWHERE but in the L.A. media.

Like a few others, I too don't know ONE PERSON who is unemployed. And the ones I know who're on the edge were on the edge in the best of times like 2006, 1999 etc.

Brazil is like 75% of the way back to the highs. Care to guess the unemployment rate there? Higher than even Detroit lol. Just like 15% joblessness in Michigan doesn't stop 80k people from jamming Ford Field, tent cities in Brazil don't effect the millions of bourgeois working, shopping and spending in Sao Paulo.

This is haves vs. have nots and I hate to say it but the global markets have discounted the lack of purchasing power of the have nots for years now.

A Mexican construction worker being unemployed in San Diego is not news. A factory worker in Ohio being laid off is not news. Banks with unsold inventory is not news. NEWS would be a 60k a year executive assistant at a law firm being fired. It ain't happening. Until it does your bear articles are nothing more than still in Q1 hysteria.

And btw: A mod told me that you've personally blown out more short selling ET'ers on this board than anyone.

 

[ByLoSellHi]

Quote from dhpar:

Waaaahhhh!!!

Hurry and use these while I get you an waaahmbulance.