Hoot85

9 Comments

    • Forced Labor: Spending More Than We Earn [view article]
      Of course people are just borrowing more. Our "wal-mart" society doesn't want to give up their luxuries. The person knows that going further in to debt to get out of debt is foolish, but people* are stupid. Watch them bury themselves further into debt, thus delaying the inevitable. May 10 09:06 PM
    • Assessing the Odds of Another Rate Cut [view article]
      By the way, 1 in a million isn't the exact figure...but it is to the same effect intended. Apr 17 11:14 PM
    • Assessing the Odds of Another Rate Cut [view article]
      More atomic energy! It's cheap, it's bountiful, and it's safe. Before you all start screaming 3 Mile Island, I've read up on what went wrong that day. That display of destruction is said to have a 1 in a million chance of happening...so we've already got it out of our system! Not to mention, as much nuclear research as we've done by now we should be pretty damn good at it...Just gotta convince the greenies not to be such scaredy-cats. Apr 17 11:13 PM
    • Time for Contingency Plan for Economy Upturn [view article]
      Things aren't as bad as they could be. I could never agree more. But, (and I know this wasn't the intended proof for the author...I'm still going to point it out anyhow) 4 million people will continue to eat at Mc'Donald's every day because as an American society, we've grown accustomed to having our food right now! Even if the worst of the worst happened, fast food would still keep on track...

      Perhaps in hindsight, this just might be the metophorical "calm before the storm". Who knows. One thing is for certain, things aren't as good as they could be, either.       Apr 17 11:00 PM
    • How To Solve the Housing Crisis Tomorrow [view article]
      I can't remember the exact quote, but Benjamin Franklin once said something along these lines: The beginning of the end for a democracy happens when that democracy realizes that it can vote itself money."

      Depending on the connotation, this can apply to our current situation. All the "guvmint" is doing by intervening is delaying the inevitable, and making it worse at the same time. If we would let the FREE MARKET run its course, first it would overshoot its equilibrium. Once that happens, the market will recover completely, anew and stronger than ever.       Apr 17 10:54 PM
    • A Little Financial Knowledge Is a Dangerous Thing [view article]
      A bit of financial education can go a long way. I am in my early 20's, and have had to learn everything on my own. What I have learned in say, the past couple months, has greatly improved my situation. I used to live paycheck to paycheck. Now, making the same money I did a year or two ago, I have managed to rack up over 15,000 dollars with a brokerage account that started at 1,000 bucks with an online discount broker. Some of that money has been in the form of dividend checks, interest payments, as well as regular, bi-monthly deposits. Had I watched my parents to learn how to handle finances, I would have two seperate views: on my father's side, I would have learned how to become heavily indebted, and continuing to accrue debt to dig myself out of debt. On my mother's side, I would have learned how to stash cold hard cash in a coffee can, then bury it in the backyard. Neither of those would have left me where I am now. As long as the person learning never gets to the point of thinking they can "time the market", the more they learn the better. Apr 17 07:36 PM
    • Stop the Rate Cuts! [view article]
      We -already- have massive inflation...hence the weak dollar against foreign currencies. Apr 15 10:12 PM
    • The Bull Is Sharpening His Horns [view article]
      It's still a bit early to call, IMO. Sure, we could beat the other 3 tops, and things are headed into positive territory. I just think that it will take a bit longer for what's left of the "credit crisis" to reverberate throughout the entire market completely. We still have some down days ahead of us, but I look to see the market turn bullish in the near future. Apr 03 07:29 PM
    • Short Interest by Sector: Consumer Discretionary Leads [view article]
      Closed at 4.20 a share....bounce or? I don't know what to make of this. For the past month and a half it couldn't break 4 bucks a share, now it jumps 8.81% in a day. Some insight please. Apr 01 07:31 PM
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