Quote from myoffices:
Its time for myoffices to resurface and call the near term bottom. its 10500 short term then we trade up to a tight range of 11500. Buy the cyclicals and also the retailers for the next few months. Banks are like garlic they stink. Short Mer and also the DJIA. Oil will go lower but beware we will get to 200. Check my track record. Im good from my earlier trading using 12000 AS MY LAUNCH POINT. And as my exit point. Buy value with good companies. Down here I like the airlines. Jet blue and also twx.

Quote from gnome:
1. Gummint deficit spending... BIG deficits.
2. Money-pump on steroids by the Fed + ridiculously low interest rates.... all leading to high inflation.
3. Stupidly lax lending standards for mortgages... fraudulent, really.
4. Securitization of mortgage debt
5. Never had an "energy policy".. in spite of the obvious need.
The list is much larger... of course.
The REAL questons... (1) Who is responsible for all this, and (2) what can we do about it?
Who's responsible? The Gummint of course. 545 out of 300 Million American citizens are TOTALLY F*CKING OVER THE US FOR THEIR OWN PERSONAL GAIN. What to do about it? KICK 'EM IN THE BALLS AND THROW 'EM OUT OF OFFICE. GET RID OF THE BUMS AND GET NEW BUMS...
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Quote from Nofear777:
Because trickle down economy did not work. Joe just does not have the $$$ to pay back the man.
Keeping wages low as a means to control inflation was a bad idea.
The little guy got squeezed a bit too much. End result, the biggest banking failure in the horizon in the history of mankind.
Quote from myoffices:
When you trade the market the market knowing levels to pull the trigger helps you make money. Its like leaving the building before the bomb starts ticking. My call at 10,200 was absolutely correct. Now we see a blowout from the margin calls eat more value. I would believe that near term we would reach levels of 8200 short term maybe even 7700. If you dollar cost average every day for the next 30 days I believe we will see a rise to 12,000 by spring of 2009. I like Citibank and GOldman, I like HD I like CFC its the strong company era. Its time for the old dynastys to die and let some new banks come in and take over the marketplace.Its the credit card crisis which is next to hit followed by a commercial loan debacle. Please let your emotions get the best of you and trade with 10- 20% of your cash. You will either win big or lose big. No risk no reward.
Big boys come out...lets play.