The Coming Crash Will Be Monumental

fearless9 · Sep 19, 2008

I imagine that it would be in the next administrations best interest to have a crash early on, or better still prior to jan 20.

Then it clearly belongs to this administration and if it was a decent bang then the only way out is up.... all good stuff for the new admin.

Have you ever noticed in life how things don't always unfold the way you thought they might.

regards
f9

tradenaked247 · Sep 19, 2008

I second October!

Now that Bush has declared that each tax payer is now on the hook personally for $3,500 to buy these shit loans that stimulus check is even more laughable.

d08 · Sep 19, 2008

Quote from Manni:

No crash till the election is over. I wonder how much this election will cost the taxpayer - thanks to the FED trying to prop up failed companies. They could have used all that money and paid off everybody's mortgage.!

Exactly, maybe Obama will say something like "No thanks, I don't want this job", the republicans are certainly trying to beat this thing to the ground - the US that is.

GermanTrader · Sep 19, 2008

Quote from tradenaked247:

I second October!

Now that Bush has declared that each tax payer is now on the hook personally for $3,500 to buy these shit loans that stimulus check is even more laughable.

It's one hell of alot more than $3,500. Try $3M. Do the math, add the interest over time, get the real number for each man, woman and child in the USA, except for undocumenteds, who aren't slaves to taxes.

tradenaked247 · Sep 19, 2008

Anyone taking any side bets if we close @ <= 100+ on the Dow?

I'll take it if given good odds.

iloveoptions · Sep 19, 2008

Quote from Manni:

No crash till the election is over. I wonder how much this election will cost the taxpayer - thanks to the FED trying to prop up failed companies. They could have used all that money and paid off everybody's mortgage.!

I think you're right. 600 billion divided by an average mortgage of 50k pays off 12 million homes!!! That's one hell of a boost for the economy.

fearless9 · Sep 19, 2008

Quote from GermanTrader:

It's one hell of alot more than $3,500. Try $3M. Do the math, add the interest over time, get the real number for each man, woman and child in the USA, except for undocumenteds, who aren't slaves to taxes.

You bring up an interesting point GT.

The undocs carry no debt or liabilities.

regards
f9

Voodoo-king · Sep 19, 2008

Quote from eusdaiki:

Crashes are only allowed by the SEC on the month of October... we have to follow tradition for crying out loud!!!

The next fed meeting, October 29, scary month and number..

tradenaked247 · Sep 19, 2008

Quote from GermanTrader:

It's one hell of alot more than $3,500. Try $3M. Do the math, add the interest over time, get the real number for each man, woman and child in the USA, except for undocumenteds, who aren't slaves to taxes.

I suppose once you compound interest that we'll have to pay the Fed on it since they pressed the "print" button for our dollars, then yea, it should be much higher.

But then again, by the time it the country gets around to paying that part of the debt we'll all be dead, so what the hell, right...? =(

BadCo · Sep 19, 2008

The exchange has mastered the art of doing things that appear to be in the public interest, but are really just ways to make more money for the members. Market Makers have an exemption from the short selling rule. So, they can short all the covering taking place, then, kill demand by having these stocks go sideways for awhile.

So, if you're long, you won't make any money and you're not allowed to be short. When the prices of the fins eventually drop, only the exchange members make money covering.