jfrits

Chesapeake Bites McLendon

for paulk8756:
if u know so much about "how capitalism works", then you should know that such asinine viewpoints led to an extended downturn and delayed recovery in the early 30's, major bank failures which rippled throughout smaller regional banks, britain going off the gold std., japan "militarizing" their economy, and eventually their entire economy/society/region... i rec. you start with: The House of Morgan (1990) by Ron Chernow [esp. ch.16 "Crash" and ch.17 "Depression" and ch.35 "Bull"]. if u see a lehman bros. company ferrari smashed head-on into a racetrack wall, i don't think an observation like "that's how motorcars work folks!" is very helpful-- i rec. you trade in your car for a wheelbarrow so you can load up on printed money to buy a loaf of bread; see, capitalism can "work" like THAT sometimes too!

Chesapeake Bites McLendon

for paulk8756:
if u know so much about "how capitalism works", then you should know that such asinine viewpoints led to an extended downturn and delayed recovery in the early 30's, major bank failures which rippled throughout smaller regional banks, britain going off the gold std., japan "militarizing" their economy, and eventually their entire economy/society/region... i rec. you educate yourself in the basics of capitalism: i rec. reading: The House of Morgan (1990) by Ron Chernow [esp. ch.16 "Crash" and ch.17 "Depression" and ch.35 "Bull"]. if u see a lehman bros. company ferrari smashed head-on into a wall, i don't think an observation like "that's how motorcars work folks!" is very helpful-- if u think so, i rec. you trade in your car for a wheelbarrow so you can load up on printed money to buy a loaf of bread, as capitalism might "work" like THAT sometimes too!
btw, i am neutral on all common stocks, exc. slightly bullish on recession "resistant" issues that can pay high yields in an econ. downturn, altho i agree with you on the likelihood of finding these kinds of bargains in a much smaller, more manipulatable marketplace like some forex's.