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Did U Think The Ponzi Scheme Would Last? » Comments » AA

  • The IBM Industrial Average [View article]
    Desperate spammers on SA. Everyone is an expert now. This will end badly.
    Feb 05 21:24 pm |Rating: 0 -4 |Link to Comment
  • Bracing for 2009 Earnings - Barron's [View article]
    "The good news is that the decline has to stop sometime. "
    Let's not forget that the Dow feww 89% 1929-1932. So while, yes, the decline has to stop sometime, what makes you think it won't stop at 1500 (would be about a 90% drop from the 14k peak) thus matching the crash of 1929. The economic situation is actually a lot worse this time around. America and Americans have lots more debt, and the credit bubble was blown a lot bigger than it was back during the great one. We were a manufacturing economy back then and now we are a declining services economy. We were the biggest creditor back then and now we are the largest debtor.

    Forget the happy talk about a 2nd half recovery. We might get a sucker's rally here and there but recovery is not going to occur until home prices stabilize and the housing futures are indicating that will not happen until at least mid 2010 or even 2011.

    What if they gave a stock market crash and nobody came? Get to cash ASAP and wait for the crash and you will have cash at the bottom to buy stuff cheap when everyone else is wiped out.
    Jan 19 13:54 pm |Rating: +3 0 |Link to Comment
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