[eggplant43]

Interesting, I see the Dow going to around 7500. What a wonderful buying opportunity it will be. When everyone avoids the market, that's when I want to invest. What a ride. I do have empathy for all those who have pinned all their hopes on the market, who never had balance in their finances, who loaded up on debt, but that was their choice.

The market has always ascended on hope, and descended on fear. I counsel patience.

[poochee]

Fortunately, this administration failed getting Social Security involved in the market.

[plschwartz]

Originally Posted by AcaCandy

Here you go More GOOD NEWS

Dow to Fall ANOTHER 2,200 Points
by Martin D. Weiss, Ph.D. 10-07-08



Whenever President Hoover Tried to Give
A Pep Talk, the Market Crashed Some More

After the Crash of 1929, President Hoover called together a group of the nation's business leaders for a special meeting in Washington. His message to the executives went something like this:

"When you go back home tonight, you're going to do the right thing for our country. You're not going to lay off employees. You're not going to stop hiring. You're going to do everything in your power to keep the economy going."

But instead of following his directive, they did precisely the opposite, taking major steps to reduce their work force. Their reasoning:

"If the President is taking the extraordinary measure of calling us to an emergency meeting in Washington ... if the president is so concerned that he feels compelled to tell us how to run our business ... then that must mean the economy is actually a heck of lot worse than we thought it was."

The same perverse pattern is spreading throughout the financial markets this time. Two prime examples:

On Friday, when the President signed into law the $700 billion bailout package, instead of bolstering confidence, it turned out to be a major blow to confidence.


And today, when the Fed announced it was taking the extremely radical measure of buying corporate commercial paper, instead of reducing pressure on the financial markets, it merely spread the fear.
This is not exactly the recipe for a bottom in the Dow. Quite the contrary, consider any rally — no matter how fleeting — a selling opportunity.

http://www.moneyandmarkets.com/Issue...00-Points-2403

Candy:
Have you ever considered investing in volatility of the market instead of the market itself?

[bassetman]

Originally Posted by poochee

Fortunately, this administration failed getting Social Security involved in the market.

[~Candy~]

Originally Posted by plschwartz

Candy:
Have you ever considered investing in volatility of the market instead of the market itself?

No. That would be too hard to predict, in my humble opinion. Tulip mania was easy to predict. This downfall was easy to predict. Trying to catch it in the middle, well, they just took some of that away by limiting short selling As you well know, the shortsellers were the sole culprits for the banking/financial downfall Anyone who couldn't have forseen this particular fiasco had to have been living under a rock for the last few years.

No money down. No credit. No problema. Mi casa es su casa, literally.

[~Candy~]

As a follow up to my last post...when you have YOUR OWN GOVERNMENT betting against you....i.e. throwing "free" money into the stock market in order to prop it up.......well, why take on Goliath who can print endless supplies of money? A prime example happened today and yesterday. The markets should have closed WAY FURTHER down, where they were falling, until "OUR COMPETITION" came in wildly, blindly, buying

Edited for typo only.

[ekim68]

So much for 'small government'...

[ekim68]

Lehman sought millions for execs while seeking aid

The now-bankrupt investment bank Lehman Brothers arranged millions in bonuses for fired executives as it pleaded for a federal lifeline, lawmakers learned Monday, as Congress began investigating what went so wrong on Wall Street to prompt a $700 billion government bailout.

The first in a series of congressional hearings on the roots of the financial meltdown yielded few major revelations about Lehman's collapse, and none about why government officials, as they scrambled to avert economic catastrophe, declined to rescue the flagging company while injecting tens of billions of dollars into others.

But it allowed lawmakers still smarting from a politically painful vote Friday for the largest federal market rescue in history to put a face on their outrage at corporate chieftains who took home hundreds of millions of dollars while betting on risky mortgage-backed investments that ultimately brought the financial system to its knees.

That face was Richard S. Fuld Jr., the Lehman chief executive who sat for a two-hour-plus grilling before the House Oversight and Government Reform Committee as the panel combed through his pay history, management practices and financial strategies.

"You made all this money by taking risks with other people's money," Rep. Henry Waxman, D-Calif., the panel's chairman, said. "The system worked for you, but it didn't seem to work for the rest of the country and the taxpayers, who now have to pay $700 billion to bail out our economy."

A subdued Fuld opened his testimony declaring, "I take full responsibility for the decisions that I made and for the actions that I took," but he conceded no errors or misjudgments in the chaotic period that led to the firm's bankruptcy.

And he said a compensation system that he estimated paid him about $350 million between 2000 and 2007 even as the company headed for disaster was appropriate.

http://www.sfgate.com/cgi-bin/articl...3D47.DTL&tsp=1

[eggplant43]

What I think is truly sad is that no matter what the gov does, this beast is it's own master.

But "The fundamentals are strong".

[ekim68]

Oops, the Brits are doing the same thing...Someone should really take a class in 'world economics'....Sheesh, you'd think after all this time....

£50bn bid to save UK banks

Gordon Brown will today announce the use of up to £50bn of taxpayers' money to take major stakes in high street banks, in a last-ditch attempt to restore confidence in the financial system.

Precipitous collapses in shares of Royal Bank of Scotland and HBOS forced the government to accelerate a plan to partially nationalise the bank sector, which teetered on the brink of collapse yesterday.

http://www.guardian.co.uk/business/2...nking.economy1

(It's like deja vu all over again...)

[poochee]

Originally Posted by ekim68

Oops, the Brits are doing the same thing...Someone should really take a class in 'world economics'....Sheesh, you'd think after all this time....

£50bn bid to save UK banks

Gordon Brown will today announce the use of up to £50bn of taxpayers' money to take major stakes in high street banks, in a last-ditch attempt to restore confidence in the financial system.

Precipitous collapses in shares of Royal Bank of Scotland and HBOS forced the government to accelerate a plan to partially nationalise the bank sector, which teetered on the brink of collapse yesterday.

http://www.guardian.co.uk/business/2...nking.economy1

(It's like deja vu all over again...)

Maybe all this is part of the "One World" theory that gets put down all the time?

[ekim68]

Well, eventually you'd think the citizens of the world would realize that there's only one world...

[eggplant43]

http://www.newsweek.com/id/162789

[poochee]

Originally Posted by eggplant43

http://www.newsweek.com/id/162789

The little guy becomes the patsy. The bottom line is the greed and avarice of those who are not a "little guy".

[ekim68]

It's always been that way...How many times have you been invited to their 'mega-stuff-?