Trinitymaster

Again with the Bank Blame Game

The big banks are corrupt and bankrupt. They only have what the government gave them. They made fortunes off of the fees for writing loans, and then got greedy when they packaged them together and colluded with the raters to get AAA+.

Throw them in jail, seize all of their assets, and then have the smaller yet more stable banks take control.

It will truly be amazing to see big banks being taken over by much smaller banks.

Best Buy Bounces on Circuit City Closure

Circuit City's closing only helps Wal-Mart. CC's liquidation is just further proof that people are tired of paying too much for products produced by slave-labor in a communist country.

Best Buy should be renamed "Better be high". Which you have to be when you pay 10% more for a product than if you drove down the road to Wal-Mart.

Wal-Mart will price match anyone, they have their own credit card, and they usually have a comparable selection to Best Buy.

Best Buy will only gain market share if they can convince a couple of major brands to sell exclusively to them.

Me? I'd like to see Wal-Mart lose market share so that I could open up a general store in my small town. Unfortunately, that is not going to happen.

Best Buy is history. Many times I've said buy puts and wait. However that strategy has almost destroyed me as people tend to do everything they can to pump Best Buy's stock price to artificially high levels.

They will file bankruptcy, but they'll be sneaky about it. The stock will be in the 20's, all of their executives will exercise their options (and then sell the stock), and then they'll "unexpectedly" file for bankruptcy protection.

Why the Housing Stats Are Lumpy

Wow- really? People speculated in the segments of housing with the highest potential to rise exponentially in price?

This is what you call a "NO SHIT, SHERLOCK!" conclusion.

When I lived in California (about 6 years ago) there was a trend for several middle-income families to "go in" on an ungodly expensive house, live there for a couple of years, and then sell it for a huge profit. I wonder how many multiple-family households, now that the market has nose-dived, had their credit detroyed using this technique.

Massive Inflationary Pressures Will Lead to Uptrend in Gold

Even if you're 100% correct, there is still no guarantee of a positive outcome.

1) People who invest in Gold securities have the mistaken impression that they actually own that much gold. That's like buying Ford stock under the impression that you now own part of their factories.

2) Gold (usually) goes up during periods of inflation-
BIG FREAKING DEAL! Everything else goes up as well.

3) Rich people who admire Gold are the ones that give gold its highly subjective value. Case in point: Amber and aluminum were once considered more valuable then gold. A quick glance at the history books should also remind people of how valuable spices once were.

BofA Following Citigroup to $5 or Lower

The future is indeed bleak. We are consumers of foreign technology. The only industry we have that can't be outsourced is.... OMFG- There isn't one

1) Healthcare: Tele-nursing and remote surgeries are already happening. How long before we have dirt cheap Indian nurses and doctors working in American hospitals from their remote sites in Delhi?

2) Government: They outsource a butt-load of jobs to foreign lands. Everything from call centers to document preparation.

3) Industry- Ha, Ha! Made you laugh- Didn't I

Real Unemployment Closer to 18%: Watch Those Long Positions

I agree. Real unemployment/underempl... is at least 25%.

And how about PROTECTIONISM? I say go for it. Hell, it helped turn a small depression into a Great Depression.

GD two is here. Can anyone show me where the nearest soup-line is?

Yet Another Gruesome Employment Report

Virgil and I are on the same page. These unemployment numbers are lagging by some 8-10 percentage points.

I still contend that real under/unemployment is 25%.

I'm a little nervous that we are moving dangerously close to the "Greater" Depression and World War III.

We will HAVE to go to war with China to resolve our debtor status (if we don't pull out of our economic slump within the next ten years). This war will most likely play out in other countries, but it will still be China vs USA.

What Is Going On With Gold?

Gold is worthless except to those who will buy it from you; and they won't pay full value.

Gold only has real value when it is converted into currency.

Besides- we don't really know if the gold we invest in actually exists. What is to prevent a company from buying $100 million worth of gold, sell securities tied to it, and then sell the gold out the back door?

Best Buy Gains Market Share, Starts Selling Refurbished iPhones

Their SEC form 10Q quarterly report, that is

Best Buy Gains Market Share, Starts Selling Refurbished iPhones

Did anyone notice that Best Buy's Third Quarter makes frequent reference to "Third Quarter 2009"?

biz.yahoo.com/e/090108...

Does anyone else smell a Ponzi Chef at work?

Another Reason Not to Trust So-Called Economic Experts

7500 or lower- by mid February

25,000 after Obama's first term (2014 I would imagine)

Crashing like a meteorite sometime around 2017

We are in the second year of a SEVERE ten year downturn.
However, if we have a major war involving 8 or 9 countries, then we might only go down to 11,000 after we hit the modified high-point of only 16,000.



On Dec 21 01:53 PM babycondor wrote:

> "The DJIA is headed to 7500 or lower, and then up to 25,000. And
> then back down to 14,000. " -- Trinitymaster
>
> Over what time frame?

The Danger in Financial Stocks in 2009

I tried buying puts on a couple of financials. Imagine my mixed emotions when the Banks lost billions of dollars, but still went up in value- All because "things couldn't possibly get any worse."

Manufacturing Collapse Reminiscent of Great Depression's Beginning

The sad thing is that pathetic stocks like Best Buy, Ford, and Hartford are going up when they should be tanking even further.

96% of 401k's are about to be wiped out when people get back into the market and realize (way too late) that the Market is being manipulated.

The DOW should be at 5000 and not a penny higher.

Market and Economy Predictions for 2009

MrGeneric said "Everyone wants to be a Messiah nowadays. What a cheap prediction. I'll buy that for... 50 cents on the dollar!"

He's on the right track. Everyone says to buy now because everything is "half-off."

Consider this:
Housing values had quadrupled in the last 20 years before the current CRASH. What if housing values were inflated before they started on their exponential journey?

We may have to correct to 1985 prices before the bottom is reached.

Now, look at the Stock Market- It more than tripled from October of 1993 (around 3300) to August of 2000 (around 11,000). Since then, the market has been correcting.

Sure- we had a huge "Sucker's Rally" that peaked near the end of 2007.

It is possible that we will correct to 1993 levels.

Keep cash on hand. Don't put any extra money into the Stock Market.

What we are going through now is only the beginning.

Can Deflation Be Avoided?

Chinese investors are already buying up California real estate. This proves that their currency is worthless. Everyone wants to invest in developed countries because it is only a matter of time before the emerging markets plummet into civil unrest.


On Jan 01 12:21 PM AlexR wrote:

> If there is severe deflation in rich countries, what would keep emerging
> markets, which historically have no qualms about printing money,
> from buying up the world?