Tao

Bear Stearns’ Bailout by the Fed, JPM: A Century Old Conspiracy

I should have said the funds are filled with banks and other institutions that are infected with subprime loans.

For the first time since I started investing, I don't know of a safe place to invest. Bonds are not safe. The subprime fiasco was also exported overseas. EtFs may be safer, but not if they mimic the funds exactly.

Bear Stearns’ Bailout by the Fed, JPM: A Century Old Conspiracy

All I know is there has been a massive transfer of money from the middle class to the wealthy and we don't have anything to show for it except mutual funds that are going down and they are infected with those subprime loans.

Recession? I've Got a Solution

We need to pay down the deficit and save those billions of interest. The interest money is leaving this country and going to China and Japan.

Market Outlook: Watch Out, the Signs Can Be Deceiving

We can't take the chance that global warming is not caused by what we are doing. It is too crucial. For our financial interests and health, we need to use alternative energy and cut back on the dirty coal type fuels.

Gold prices had to have been manipulated last week. Too many are happy holding gold.

This market is too confusing for anyone to deal with using common sense or reason. It is unstable. So is my portfolio. For the first time, I don't have any idea of what to buy or sell.

Housing is too high, so why are the gov and Bernanke propping it up? They should have given those who have subprime loans either a rollback of prices and given a lower interest rate just to the borrowers. They didn't have to bring interest down for everyone. Interest is a source of income for many and a source of taxes for the government.

5% Revaluation of China's RMB? Are you Crazy?

Considering the fact the US calls the shots and makes the agreements with foreign countries for trade, then they should require pensions and other retirement such as Social Security be honered in all trade agreements.

People deserve their pensions, they won't disappear if the pensions are taken away. The goal seems to be to make the Social Security benefits the same as welfare.

No one takes into account the steadying of a society that has welfare and also has self funded retirements such as Social Security.

Surely, there is a more intelligent solution than to make Social Security worthless. It should be worldwide, if not the middle class will work until they are 70 and pay for the lush retirements of everyone else from the government, military, judges to the policeman and firemen. A lot of these are paid with federal and state taxes.

Bear Stearns Given Away, Not Sold

That was odd. I would have given them $3 a share myself, if I had it!

I thought we just bailed out JP. Where did they get the money?

OK, where are the grownups? Where are the auditors?

I joke, but this is deadly serious. Imagine owning it at $169 a share, then it falling to $2. Kinda like my 401k....

Friday's Turnaround: Raid on the Shorts

I didn't have much in the stock market at the beginning of the year. One day my funds went down 4%. I have been trying to get that money back every since. I am not good at trading and sell too soon or hang on too long. I bought FXE and made some money and sold it too soon, now I am down 3% from the 4%.

I finally bought bearx and it immediately started going down. Then, Thursday it paid off and I was happy Friday, until the market started up.

The market going up the last 30 minutes catches a lot of people who think they are buying at the low, too.

After the market closed they talked like stocks would go up all this week, but this morning they are talking the market down. They don't know a bit more than we know, until they do get their inside info, then they mess the rest of us up.

They mentioned the ambac/mbia deal earlier and nothing happened, but then when the market started shooting up, they said that was the reason. My take was someone pushed the market up, either to catch the shorts or catch a big buyer, but they used Ambac/mbia as an excuse.