User 118015

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+19 / -12

266 Comments

    • Sat Sep 20th 13:28 PM | Rating: 0 0
      Commented on:
      It's a Bull Market in Government Intervention
      Cool Heads will yet survive this crazy economy. Lets see..gold...silver...o... or what else. I'll tell you a scheme that worked like crazy during the last Depression and guaranteed to make you a future success for life. Grab all your assets and keep them liquid and GO TO SCHOOL and improve your professional abilities. When the economy comes back you will be in great shape to take advantage of the opportunities. Forget about everything but survival and schooling and you will be just fine. Remember the holy dollar was never worth anything anyway...ITS WHAT YOU GOT STORED IN YOUR HEAD THAT COUNTS. Marvin Friedman
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    • Sat Sep 20th 02:08 AM | Rating: 0 0
      Commented on:
      If You Think the Dow Did Well Today, You're Wrong
      Hoping that the interventions will solve the problem is wishfull thinking for the average guy on the street...were in for a lot of blood on main street and Uncle Sam is out of money to help you... If you have Social Security start praying that the benefits will continue. The best thing you can do is start a vegetable garden in your back yard and start raising a few chickens. If you have investments in the market get out now. Plan on keeping your car for another 5 years. Have a tent ready in case you are kicked out of your house because of failure to make payments because you lost your job...this country is out of control!!!
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    • Fri Sep 19th 19:55 PM | Rating: 0 0
      Commented on:
      Housing: RTC 2.0 Will Not Fix the Root Problem
      I suppose from a long term historic point of view housing is "too costly" but if you look at building costs and material costs and land costs and the overall cost of living, housing still provides protection against the hyper inflation that will be on its way. Giving houses away to people that cannot afford them drove prices up the wall as everybody here in California tried to grab a house with Alt A mortgages...anybody walking in the door could have a house so prices started going up and nobody cared as long as there was another one in line that did not balk at the daily rising RE prices, Of course the banks were accomodating as well as the FNMA and FDMA taking and packaging all kinds of paper without regards to real world valuations and who was responsible for the mortgage...and of course with policies like this the whole ponze scheme Collapesed...Marvin the Maven
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    • Fri Sep 19th 19:19 PM | Rating: 0 0
      Commented on:
      The Curse of Living in Interesting Times
      Probably having your money in gold or foreign currency might not be a bad idea whose time has come...of course the bulldozer can force our world wide neighbors a nightmare too so there might not be any place to hide. The bottom line....were screwed.
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    • Fri Sep 19th 19:16 PM | Rating: 0 0
      Commented on:
      The Curse of Living in Interesting Times
      The next job of the Fed is to go to extrordinary means to hyper-inflate causing a run on housing and other commodities all over again. This is how they are going to jump start...get everyone to buy before prices rise or the next guy gets in line in front of you. The average prudent investor is going to be in for a real screwing. This next few years will be beyond belief as fear will grip the land.
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    • Fri Sep 19th 19:12 PM | Rating: 0 0
      Commented on:
      The Curse of Living in Interesting Times
      I get the impression the whole financial system was close to collapse unless the Fed took strong action. What does this mean down the road for the average guy? Hyper-inflation for sure and a recession of extended duration as the country struggles to try to grow M1...I think its going to be back to the old tricks...creative financing to pump up real estate and return to status quo before we had a problem. With Government Guarantees, start buy Real Estate before the next guy..no money down and you can flip it when the next guy comes along.
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    • Fri Sep 19th 00:18 AM | Rating: 0 0
      Commented on:
      Resolution Meeting - Fast Money Recap (9/18/08)
      Based on the above comments of mine I might offer the Feds/Treasury the following suggestions:
      Eliminate income taxes for one year
      Double the SS payments to Seniors
      Award everyone a $25,000 bonus for showing up with a USA Birth Cirtificate
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    • Fri Sep 19th 00:13 AM | Rating: 0 0
      Commented on:
      Resolution Meeting - Fast Money Recap (9/18/08)
      It seems that the Fed/Treasury which created these problems to begin with are finally doing something to stop the mark-to-market bleeding by taking on all paper instead of allowing the market to function. I suppose the paper will become valuable again once the underlying asset rises from the dead...getting the asset to appreciate has to be the next trick in the book and I cannot wait to see how that can happen without inflation raising its ugly head...getting M1 to start moving up so we can get the assets to start moving up is going to take a lot of creative effort and just how to get M1 moving again is another game.....Marvin the Maven
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    • Thu Sep 18th 21:14 PM | Rating: 0 0
      Commented on:
      A Frazzled Market
      The market is too crazy to consider a rational investment. Stand aside for about a month if you can and longer if nessasary to see how things work out...Holding failed institutions togeather has to be the first step only...Getting jobs, credit market, energy costs and real estate valuations moving again is the only step that will provide a long term solution...so far I see nothing at the front end where the real people are striving for survival economically happening. The present band aid will die fast unless there is improvement on the ground.
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    • Thu Sep 18th 12:43 PM | Rating: 0 0
      Commented on:
      Playing for a Bounce?
      Bounce or no bounce, get out while you can is my sage advice. Beyond a bounce (if any) were heading into third world territory and Deep Depression is my take on what is going on...manipulation of financial failed intitutions and ongoing mark to market is going to cause a hyper inflation. Where and what actions would make some sort of turn around and will it come to late? Job Growth and Fiscal Policy might do it...Get money into the hands of the public by job and Tax policy. But its way too late at this stage. Getting M1 and the housing market going again is impossible. Cheap energy is now impossible but nessasary for cheap commodities for disposable income but its not coming. Our Govenment got us into this mess and no matter what it does, the underlying problems will remain notwithstanding the mark to market failures that the Fed is trying to hold at bay by bailing out the losers. WE NEED A NEW PARADYNE AND ITS NOT NOT THERE.
      Its going to be tough for the average guy to keep a job, and provide food for the faimily going forward from here. Marvin the Maven
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    • Thu Sep 18th 10:32 AM | Rating: 0 0
      Commented on:
      How AIG Will Affect Homebuilders [Housing Tracker]
      With mortgage and mortgage instruments under attack and the mark to market writedown of mortgage paper, what do you expect. This is no picnic and the mantra of everyone having a house for nothing is now know as a fraud. Construction will be practically non existant going forward as long as we have M1 flat and jobs disappearing. When will we turn around...when jobs return...when will that happen...perhaps in 5 years if we are lucky.
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    • Thu Sep 18th 00:21 AM | Rating: 0 0
      Commented on:
      Panic on Wall Street - Fast Money Recap (9/17/08)
      The markets are in such turmoil the average investor can really get hurt by making a wrong move right now. I'm certain there are opportunities but in my opinion wait a few months and see how this all works out. As the excesses get "marked-to-market... there will be more information as we do not know what is yet to be marked, how much, from who or from where. Waiting a few weeks or months at this junction might be the best idea you can have. Keep your money in short term and medium term CD's for awhile is the best strategy. Frantically trying to second guess where some of the instruments recommended by the above piece could be a mistake...Marvin the Maven
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    • Wed Sep 17th 23:27 PM | Rating: 0 0
      Commented on:
      America's Ad Hoc Fiscal and Monetary Policy
      The new wave of financial instruments started years ago by brilliant financial nerds are now back to haunt us. What happened to the real deal of paying 25% down and the local bank took the mortgage. We might be going back to the old days where a buck was a buck and creative financing was nonexistant. Working ourselves out of this mess is going to take perhaps 10 to 20 years. Meanwhile were going to go thru more pain and Depression is just a short time away as we "mark to market" the excesses. My only hope is that pension funds survive to give the retiree that paid in with real hard earned bucks the opportunity to enjoy a few years. But I suppose thats wishfull thinking...I'm retired and going to paint the Apple Cart left over from my Grandfather in the garage from 1932, so I can haul it thru town selling a few apples.
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    • Wed Sep 17th 21:56 PM | Rating: 0 0
      Commented on:
      Market Comment for 9/17: Panic Creates Fear
      This is a great buying opportunity for stocks like GE.
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    • Wed Sep 17th 21:42 PM | Rating: 0 0
      Commented on:
      What's in Store for Munis?
      So much depends on getting the economy going again...Uncle Sam has to do something like jump start M1 or were all Depression candidates....
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