boats.j

Darkest Before Dawn: Does That Mean a Bottom Is Near?

Only 90%? Generous man!


On Mar 02 10:56 AM Nikola wrote:

> Let's see.... 90% off 14000 is.....

Market Death Spiral Continues

Anybody that cant make it on $20,000 a month just isn't living right!


On Mar 02 10:35 AM nukldrager wrote:

> Ridiculous. You are suggesting leaving someone who earns 5 mil with
> 250k net after taxes? Wtf. How about a flat tax no exemptions. On
> all levels of income. 15%

Darkest Before Dawn: Does That Mean a Bottom Is Near?

Pretty near now! Just another 6000 to go! Yeeeehhhhhaaaaa!

What's Good for Citi - And What's Good for America

Wait 12 minutes if you think that was bad! Opening under 7000 and heading DOWN!


On Mar 02 09:20 AM The Mad Hedge Fund Trader wrote:

> xx c Citigroup (seekingalpha.com/symbo...) is now so cheap
> at $1.40 that you could launch a hostile takeover with your American
> Express card. It really had the flavor of a “throw up your hands
> and sell everything” day.

What's Good for Citi - And What's Good for America

New Stock Market Terms

CEO- Chief Embezzlement Officer

CFO- Corporate Fraud Officer

BULL MARKET - A random market movement causing an investor to mistake
himself for a financial genius

BEAR MARKET - A 6 to 18 month period when the kids get no allowance, the
wife gets no jewelry, and the husband gets no sex.

VALUE INVESTING - The art of buying low and selling lower.

P/E RATIO - The percentage of investors wetting their pants as the market
keeps crashing.

BROKER - What my financial planner has made me.

STANDARD & POOR - Your life in a nutshell.

STOCK ANALYST - Idiot who just downgraded your stock.

STOCK SPLIT - When your ex-wife and her lawyer split your assets equally
between themselves.

MARKET CORRECTION - The day after you buy stocks.

CASH FLOW - The movement your money makes as it disappears down the toilet.

YAHOO - What you yell after selling it to some poor sucker for $240 per
share.

WINDOWS - What you jump out of when you're the sucker who bought Yahoo at
$240 per share.

INSTITUTIONAL INVESTOR - Past year investor who's now locked up in a
nuthouse.

PROFIT - An archaic word no longer in use.


If you had purchased $1000 of shares in Delta Airlines one year ago, you
will have $49.00 today.
If you had purchased $1000 of shares in AIG one year ago, you will have
$33.00 today.
If you had purchased $1000 of shares in Lehman Brothers one year ago, you
will have $0.00 today.

But---- if you had purchased $1000 worth of beer one year ago, drank all
the beer, then turned in
the aluminum cans for recycling refund, you will have received $214.00.

Based on the above, the best current investment plan is to drink heavily &
recycle.
It's called the 401-Keg.

What Happened to 'The Change We Need'?

Umm, didn't Bud shareholders decide to sell themselves to the Dutch?

What Happened to 'The Change We Need'?

I don't disagree. I was taking the commenter to task for his classist remark. I suspect you realized this as you pointedly avoided pontificating as to whether a Gates or Elison should get $50 million for a leg.

You, by the way, do seem to judge the truck driver as less worthy as you suggested he couldn't make that much money in $25 lifetimes.

The only real class warfare is by the wealthy against everyone else.


On Mar 01 03:24 PM User 344976 wrote:

> It is unreasonable because that person would never make 50 million
> in 25 lifetimes. If they have the earning capacity and the malpracatice
> affects their work, then the judgement should reflect that amount.
> Giving someone 50 million because we want to send a message and we
> feel sorry for them as jurors is not sustainable and leads to taxi-chasing
> attorneys. Just my opinion.
>
> I read a story in Austria where the hospital took off the wrong breast
> on a women. The women sued and was awarded 60K. That's it. If that
> was in the US, she would easily have received 2 million dollars or
> more. Is the breast worth 2 million? If your a supermodel maybe.
> Again, just my opnion. There has to be caps on awards.

What Happened to 'The Change We Need'?

Is the $50 million unreasonable because he's a truck driver? If not I don't see what being a truck driver (or butcher, baker or candlestick maker) has to do with it. Are you saying that Gates, Ellison and those kind of people deserve $50 million for a lost leg?


On Mar 01 01:43 PM User 344976 wrote:

>
>
> Healthcare system is completly broken. To fix it, we also need Tort
> reform. A truck driver should not get a 50 million dollar judgement,
> just because the hospital cut the wrong leg off. You know what I
> mean?

Market Death Spiral Continues

Except that a consumption tax would result in a much higher rate for poor people than rich people. Poor people have no discretionary income. They'd be taxed on everything they need to live. Rich people have massive discretionary income and therefore would be paying a very low effective rate.

A better way is to have a one page IRS law. As follows: Less than 70k a year 0%, 70k to 140k 15%, 140k to 250k 25%, 250k to 350k 35%, 350k to 500k 45%, 500k to 1 million 55%, 1million to 5 million 75% and 5 million up 95%.


On Mar 01 01:07 PM henarl wrote:

> Instead of worrying about how much of the taxes are paid by the top
> 2% or 5% and how many people don't pay taxes at all, it makes a lot
> more sense to replace the monstrously complex income tax system with
> a simple federal sales tax that makes the big spenders foot most
> of the bill. Tax consumers rather than earners. This would also
> eliminate the huge IRS bureaucracy, thereby saving more money. Of
> course those bureaucrats would fight this because they don't want
> to lose their government jobs and have to get a productive job in
> the private sector instead. Also, tax accountants and attorneys
> would have to find honest work too so they wouldn't like it. Oh
> well, those with vested interests in the status quo will probably
> keep it from happening. Too bad.

Will Obama Be Re-elected?

Well, good luck. For what its worth the republic failed years ago. Its gotten this far on mere inertia.


On Mar 01 12:51 PM fireball wrote:

> boats
> thanx again. i too have looked at expatriation but do not wish to
> give up the ship just yet. i have even considered your course of
> living on the oceans. i have been looking at properties in brazil,
> and ecquador (sp?) mainly.
> my family were militant abolishionists. my beautiful half leaves
> no room for the charge of racism.
> as deniro says over and over in "brazil" we are all in this together."
> if this republic falls where is the light on the hill?
> good luck on your course, may the wind be at your back.
> perhaps i will come up with another name of disrespect for obama.
>

Will Obama Be Re-elected?

I've recommended a website called Escape Artist (.com) to several and some have found it helpful. Good luck!


On Mar 01 12:41 PM formerhawk wrote:

> Wow, boats. For the first time in my life I have started considering
> living outside the US. The commentary between you and fireball is
> sad but sums up my feelings of late. Fireball, I quickly stop production
> when my perceived reward deminishes. I really had never considered
> researching a way to beat them at their own game though. Unfortunate
> for all of us isn't it. My best to both of you.

Was the Global Equities Crash Related to Obama's Election?

Freaking racist wanker! You cut and paste that line from a few days ago? Can't come up with new and pithy racial slurs?

I love free speech! Lets everyone know who the wankers are. Easier to avoid their silly shit that way!


On Mar 01 12:32 PM ROLEXROLEX wrote:

> Think of obama, where he would work 150-200 years ago, now imagine
> him a president of US and what it means.

Will Obama Be Re-elected?

Kudlow? CNBC? There is unbiased commentary! Rude jerks that scream over each other all the time. Propagandist BS!


On Mar 01 11:59 AM StockMarketSage.com wrote:

> And from Larry Kudlow today..
>
> Noteworthy up here on Wall Street, a great many Obama supporters
> — especially hedge-fund types who voted for “change” — are becoming
> disillusioned with the performances of Obama and Treasury man Geithner.
>
>
> There is a growing sense of buyer’s remorse.
>
> Well then, do conservatives dare say: We told you so?
>

Gold Bugs vs. Gold Haters

You have a perfect grasp of the situation. Gold is a fear investment. That isn't necessarily a bad thing.


On Mar 01 11:58 AM ArtfulDodger wrote:

>
>
> If I’m right about that, then gold is a mainly (but not wholly) a
> fear investment, and when the current fear subsides (as it surely
> will), gold will come down in price.
>
>

Will Obama Be Re-elected?

fireball:

The racist bits:


i have already taken steps to protect myself from the kenyan nobammy did not help. the majority and nobamy want, of the socialist. read the kenyan marxist's books nobamy-one

The hiprocracy bits:


now i am on a course to take any "free" money i can take now i will concentrate on recovering this horrible investment





On Mar 01 11:05 AM fireball wrote:

> boats?
> show me how you believe i am a racist. and exactly how going on a
> counter-attack is being a hypocrite.