The Urgent Financial Crisis Facing Obama [View article]
Amazing how we are supposed to have someone who can get around complex things like CDO's and CDS's, can't look at his own LES and do basic self-employment tax schedules.
On Jan 20 03:10 PM Eric L. Prentis wrote:
> Timothy F. Geithner seems to follow Leona Hemsley’s philosophy, “We > don’t pay taxes. Only the little people pay taxes.” Geithner is a > tax scofflaw and should not be trusted as President Obama’s Treasury > secretary, no secretary is preferable to a crook. > >
The Urgent Financial Crisis Facing Obama [View article]
Brokow...
He just had a talking head from CNBC on who said the markets are "celebrating Obama's inauguration today" and that tomorrow the markets will get down to business. The Dow is down almost 250... Let the party begin CNBC!
Oh, then Brokow tells us that the bank problem is liquidity (uses the word three or four times). I can't blame the heads from CNBC and NBC, I'm sure a lot of their salaries are in GE.
On Jan 20 01:46 PM Gtarras wrote:
> "Then he messed-up the oath of office big time.." > > Brokow said its Chief Justice who messed up the words of oath, Bama > just got startled...
The Urgent Financial Crisis Facing Obama [View article]
He seemd so scared up there... Then he messed-up the oath of office big time.. I'd be scared too. The banking system is insolvent, huge debt and getting bigger, on and on and on. He'll need to have a lucky star guiding him through this mess.
So far, the markets are not giving him much of a welcome. But there's not much on the horizon that gives them much hope right now.
The Bottom's Within Sight - Barron's [View article]
Dear Barron's,
It would appear that the "bottom" you saw was a large sheet of glass that you'll soon fall through, giving you plenty of wounds and cuts to bleed to death as you wait for your end at the bottom of the market's floor.
The sight at the true bottom will be ugly, bloody and unlike anything witnessed before.
The Bottom's Within Sight - Barron's [View article]
Oh! I'd also be curios to know your opinion Eli of the Standard & Poor's Ratings Services. Eli, what they do doesn't make much sense too me. In my opinion something doesn't pass the smell test.
We can't forget Enron... We had a real bunch of pro accountants providing investors with the bare of facts of what was going on inside that company, didn't we. LOL!
In this environment I don't believe you can trust any of them.
The Bottom's Within Sight - Barron's [View article]
Oh! Forgot... The current rally is somewhat based on the $3 trillion... The rally is what $3 trillion buys you. There was an uptick too when they thought Congress would pass the $700 billion. Everything they do has a shorter (or more costly) shelf-life.
We'll see how long this last. I think the banks are insolvent and the central banks are providing cover. They can't get away with it forever...
The Bottom's Within Sight - Barron's [View article]
When you state:
"Not withstanding a weak and most-likely recessionary economy, Barron's Jacqueline Doherty says that if history's any guide, U.S. stocks are likely to bottom within the next few months."
That's the good news... The bad news is that bottom could be anywhere from 0 to the current Dow of 8900.
Next issue... How fast does it recover? One week? One month? One year? Ten years? More?
The Urgent Financial Crisis Facing Obama [View article]
On Jan 20 03:10 PM Eric L. Prentis wrote:
> Timothy F. Geithner seems to follow Leona Hemsley’s philosophy, “We
> don’t pay taxes. Only the little people pay taxes.” Geithner is a
> tax scofflaw and should not be trusted as President Obama’s Treasury
> secretary, no secretary is preferable to a crook.
>
>
The Urgent Financial Crisis Facing Obama [View article]
Here... Take this all you Brokow, NBC and CNBC supporters! Happy Velentines Day Cramer, Regan, Williams, Lauer, et.al.:
Option Traders Boost Bets GE to Drop 50% by Feb. 20:
www.bloomberg.com/apps...
Cheers!
Oh! Don't choke on that Oracle of Omaha Steak.
The Urgent Financial Crisis Facing Obama [View article]
Why don't we create a special penny stock market. We'll call it financials.
The Urgent Financial Crisis Facing Obama [View article]
He just had a talking head from CNBC on who said the markets are "celebrating Obama's inauguration today" and that tomorrow the markets will get down to business. The Dow is down almost 250... Let the party begin CNBC!
Oh, then Brokow tells us that the bank problem is liquidity (uses the word three or four times). I can't blame the heads from CNBC and NBC, I'm sure a lot of their salaries are in GE.
On Jan 20 01:46 PM Gtarras wrote:
> "Then he messed-up the oath of office big time.."
>
> Brokow said its Chief Justice who messed up the words of oath, Bama
> just got startled...
The Urgent Financial Crisis Facing Obama [View article]
So far, the markets are not giving him much of a welcome. But there's not much on the horizon that gives them much hope right now.
The Bottom's Within Sight - Barron's [View article]
It would appear that the "bottom" you saw was a large sheet of glass that you'll soon fall through, giving you plenty of wounds and cuts to bleed to death as you wait for your end at the bottom of the market's floor.
The sight at the true bottom will be ugly, bloody and unlike anything witnessed before.
The Bottom's Within Sight - Barron's [View article]
Ya! I think 4,000 - 5,000 will be bottom. Right now the world governments are trying to purchase a bottom.
Won't work...
The Bottom's Within Sight - Barron's [View article]
We can't forget Enron... We had a real bunch of pro accountants providing investors with the bare of facts of what was going on inside that company, didn't we. LOL!
In this environment I don't believe you can trust any of them.
The Bottom's Within Sight - Barron's [View article]
We'll see how long this last. I think the banks are insolvent and the central banks are providing cover. They can't get away with it forever...
The Bottom's Within Sight - Barron's [View article]
"Not withstanding a weak and most-likely recessionary economy, Barron's Jacqueline Doherty says that if history's any guide, U.S. stocks are likely to bottom within the next few months."
That's the good news... The bad news is that bottom could be anywhere from 0 to the current Dow of 8900.
Next issue... How fast does it recover? One week? One month? One year? Ten years? More?