EttU

Highlights From Fortune Magazine's 'Crisis Counsel'

Mr. Market as a mind of its own. It makes no difference what computer models or highly paid MBA's, TV pundets or Corporate bigwigs say, when the market decides that greed and stupidity has gone over the top it takes revenge.

A happy small investor.

Buffett Blames Lenders, Not the Fed

When greed takes over as it has with mortgage brokers. hedge funds, and fly by night investment consultants and advisers what should we expect but a mess. No the fed nor anyone else should bail them out. I just hope it is their money that is lost and not the money invested or on deposit at banks and loaned out to those characters which is lost.

A. Reis

Just How Serious Was Thursday's Market Decline?

When we have a market which is lead by people who make more money exchanging pieces of paper, or more exact numbers on computers than people or businesses who actually make physical items or things which can be held and used, what should one expect but bad decisions and bad judgment after all it is greed that rules the day. The worst is that so many of the people taking those decisions do it with other peoples money not their own.
AAR