User 118015

Total Rating:
+19 / -12

266 Comments

    • Wed Sep 17th 21:34 PM | Rating: 0 0
      Commented on:
      3-Month Treasuries Will Now Get You $4 on $10,000 Per Year
      You might as well keep your short term money in the mattress literally....at least it might be there when you need it...why tie it up for a few months for nothing...even a money market fund would do better...but I suppose if you have the big bucks you might have to spread it around in mm all over the country...but so what,,,its better than virtually nothing.
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    • Wed Sep 17th 12:40 PM | Rating: 0 0
      Commented on:
      US Government: No Surprises Left
      Historically, this fiasco is going down in history as the major economic story since the big depression in the 30's. All I can say is that as the world economy downdrafts your buying power for your cash will updraft...its happening right now with energy and housing. Keep away from the markets and you will make a profit due to increased buying power that your cash will have. Too bad, investing was a way of life but this administration destroyed that option for a long time to come...changes are taking place where prudence will once again come back into our investing strategy. Marvin the Maven
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    • Wed Sep 17th 01:02 AM | Rating: 0 0
      Commented on:
      Where Are the President and Congress in All This?
      This President is a lame duck and going to be walking the streets shortly....its too late for him to make any comment of value...the cat is out of the bag and the investors now hold an empty bag because of obvious mismanagement...too late to correct...it should have been done a few years ago. This shows how important it is to have the right administration running the country...not big business that comes out looking like somebody caught them with their pants down.
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    • Tue Sep 16th 20:45 PM | Rating: 0 0
      Commented on:
      Save AIG - Save the World! - Cramer's Stop Trading! (9/16/08)
      AIG must not fail...it is the kingpin to the securities industry and if allowed to fail the end of our economy and Depression would be just a few months away. As the country now stands, we are going forward with continued RE devaluation, loss of employment, high energy prices and just almost into a Depression already...failure of AIG will tip the scale and all is gone gone gone with no possibility of rebuilding our world status for the next 50 years. As it is were barely floating now.
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    • Tue Sep 16th 20:21 PM | Rating: 0 0
      Commented on:
      More On Fannie and Freddie [Housing Tracker]
      I'm amazed as I look at my new Homowners Policy and note that the valuation is less than the cost of the house 7 years ago. At least I should break even!!! I suppose you can say I lived in the house for 7 years I had to pay rent the valuation would be zero for me. But the house is worth less than I paid for it so I might have well rented anyway..this is home ownership??
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    • Tue Sep 16th 17:26 PM | Rating: 0 0
      Commented on:
      Depressionary Tales
      Economic incidents never repeat in the exact same way. The fundamentals of our country are still there. Sure the mortgages/bonds/SMO's and other instruments are down the drain for the moment. BUT THE FACTS ARE THE INTRASTRUCTURE AND REPLACEMENT COST IS STILL A REAL REAL ASSET EVEN IF THE PAPER THAT FUNDED IT IS S@#T. Think about that...the country still has this instrasturcure which has real utility value so nothing is lost but lots of speculative/investment pieces of paper and a lot of poorer investors...but they could repossess the asset and rework it to recover if they want to unless they like to complain a lot.....hang in there...the reality is nothing is lost....Marvin the Maven
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    • Tue Sep 16th 14:13 PM | Rating: 0 0
      Commented on:
      Is It a Time for Panic or Profit?
      If the average guy loses his job, HIS HOME, his investments and his pension because of these financial failures, there will be few happy campers out in the real world. Depression style bread lines and chaos in the streets is what the country would be facing!!!
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    • Tue Sep 16th 14:09 PM | Rating: 0 0
      Commented on:
      Is It a Time for Panic or Profit?
      These markets are going to have an effect on the real world...people that depend on financial institutions for financing homes, credit cards as well a savings and investment. Business has the same needs and their options are also gradually deteriorating with less lendable funds for everyday operations. If the average guy loses his job, his investments and his pension because of these financial failures, there will be few happy campers out in the real world. Depression style bread lines and chaos in the streets are what the country would be facing. We need Fiscal and Monitary policy to help the average guy survive at this stage including a Public Works Program for those that cannot find work. Instead of trying to save the world for Democracy lets try to save ourselves with cheap energy, cheap food and plenty of jobs as well as stable investment opportunities. Were in deep s unless the country starts moving before its too late...Marvin the Maven
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    • Tue Sep 16th 13:58 PM | Rating: 0 0
      Commented on:
      Possibility of Fed Intervention in AIG, Plus Pending FOMC Report, Impacting Treasuries
      Saving the financial system might not only benefit traders, but the guy on the street is depending on these instruments for retirement and investment....failure to do so will make the average guy unhappy and the political fallout would be negative for the country. If our financial system collapses which it possibly do considering whats going on in the financial markets, there could be bread lines, more housing losses and job loss and a lot of pissed off unemployed roaming the streets begging for a hand out and a hell of a lot of dissent.
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    • Tue Sep 16th 13:45 PM | Rating: 0 0
      Commented on:
      Six Thoughts on Current Market Weakness
      As well research as this discussion appers, nobody has ever really called a bottom. By the time the financial problems are somewhat mitigated it will be too late to buy at these levels as the economy believe it or not will start some positive movement with lower cost energy and commodities. Hopefully future investments in energy could provide one of the drivers for a recovery and companies like GE will stand to benefit from a turnaround. Waiting for M1 to start moving up will be the sign of some sort of recovery.
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    • Tue Sep 16th 13:31 PM | Rating: 0 0
      Commented on:
      Witnessing History
      I believe no individual or governmental body will have the exact knowledge of how much bad debt there is out there...in fact as defaults on mortgages and credit cards and other consumer debt mushroom and they will, all I can say is debt is exploding every day and its going to be impossible to measure accurately.

      Focusing on the problems and not the solution can be a deadly mistake...unless the monetary aggrigate M1 starts rising were in the deep you know what. We need a concerted effort to get the job picture going...fiscal policy to get money in the hands of the public and an energy policy that will provide cheap energy so we can have surplus funds for our structured institutions such as government and education and the many social programs we fund. IN OTHER WORDS TO SOLVE OUR PROBLEMS WE NEED JOBS AND CHEAP ENERGY!!!!!! Marvin the Maven
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    • Tue Sep 16th 10:14 AM | Rating: 0 0
      Commented on:
      Miles To Go Before a Bottom
      In spite of market red ink, there are stocks out there that are going to be global winners when the world rebounds from this downdraft. A stock like GE that adresses green energy, aerospace, finance and medical needs is going to grow like crazy. This is going to be a once in a lifetime opportunity for astute investors that see beyond this event. I have...Marvin
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    • Mon Sep 15th 17:29 PM | Rating: 0 0
      Commented on:
      Financials Leading General Market Again
      Actually all the action is now over believe it or not. It does not mean we are out of the woods....a slow downward trek into a significantly slower economy, more unemployment, more pain...in other words we are simply going to touch DEPRESSION a scare word no doubt. This is the crystal moment in time to have significant CASH EQUIVALENT assets moving forward into a new ere in which the good old USA is going to be second or third rate. The rest of the world senses a dead horse and driver so that the contents of the cart can be stolen...watch Iran and Russia and Syria and China leap to grab the spoils....too bad this admnistration f####ed royally as the biggest fiasco in American History and we could be in for another 4 years of the same..you get what you deserve..as you sow so shall you weep...Marvin the Maven
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    • Mon Sep 15th 11:09 AM | Rating: 0 0
      Commented on:
      Believe It or Not, It's Still a Normal Bear
      Bear markets are scary...and the events today and the past few weeks add little to investor confidence. An honest appraisal would say were in deep s$%@t trouble and there seems little probablility of the US getting out of this downdraft soon and without great distress. The paradyne of a new beginning for the US seems nowhere at this moment in time. When M1 starts rising we might be pulling out but until then I'm afraid its status quo which is nothing to write home about....Marvin the Maven
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    • Mon Sep 15th 00:48 AM | Rating: 0 0
      Commented on:
      Lehman Spelling Trouble for the Dollar and Carry Trades
      Offshore Investing has its own set of problems as the US banking system crisis will eventually turn overseas financials into shambles also.
      There could be some profit opportunities by shorting dollars but be carefull of some swings that will take you out. Best to keep your bucks home away from any speculative actions for the next few weeks as we watch things play out...STAY AT HOME AND IN CASH/EQUIVALENTS....Ma... the Maven
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