Market crash: are we there yet ?

[camaraderie]

Keep it on the topic and not each other. Fair WARNING given.

[Sailormann]

It is just a thread in the internet, that whether you be right or wrong, everyone agrees or no one does, will do nothing to change the direction of what will happen.

I think it has pretty well run it's course... not much more to be said. There are numerous sources of "facts" available to support each side of the arguments. Kind of moot at this point, as things have regressed to a much greater degree than ANY media outlet can or will report.

If you have debts - get rid of them. If you are thinking of buying a boat/house/car/art/land/ - wait another 10 months or so. Just about Everything just about Everywhere is about to get cheaper. Good luck and let us know how it pans out for you

[camaraderie]

Wait a minute there Sailormann...can you hold off on that till my boat sells!!??

[artbyjody]

Originally Posted by camaraderie

Keep it on the topic and not each other. Fair WARNING given.

Are condoms given as a source of prevention? In this case we kinda liked them doing the nasty.. if you get my drift but cool you are looking out for us and all..it is off topic and Sail hates me already... so you know I straddle the fence kinda...

Keep up the good work but Rick - be a bit more influential in your posts maybe...Cam likes tulips if it is in Jan, roses if in March.. well he is difficult he wants what others get three months from now..NOW i mean..but I hear he has a even softer side PM for details

all other things aside..

[camaraderie]

Hey Jody...Bite Me!...and nitey nite you AFOC!

[chris_gee]

Simply repeatedly making the point that there is no recession according to one incorrect definition when the poster knows that (he said), and the start of one will not be defined by those with authority for a year or so after the event, because the figures are unreliable, leaving out any changes in CPI indexing is pedantic, and essentially avoids the issue raised. Whether Rick used the term at some point or not kind of misses the point, which is there is an issue here and it may get worse.
Using that to say "he was wrong and I was right", is an intellectual abrogation from someone who has more ability than that.

[cardiacpaul]

yep, I was wrong, wrong, wrong...
over the past 4 days...
I made 1500.00 labor getting 3 merc 225s running.
(3500.00 in parts)
just today, I pocketed 1250.00 for installing a F_N_R cable in a 2000 33ft Crownline. Yep, the sky fell on my punkin' head today.
From my little myopic view, it looks like if you weren't caught up in the real estate hip-check and were prudent, you're pretty much okey dokey.
Yea, gas is killin me in the nazi squad car and what the hell has happened to the price of eggs (yea, i know corn) but all in all, life doesn't suck... too badly.

go ahead call social security on me, I don't care, I'm booked with repairs and surveys (on over 40ft) boats till the middle of next month.

my take is... pigs get eaten.

[xort]

Originally Posted by Rickm505

I am out of this thread.

HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

RICKY, YOU ARE A FANTASTIC COMEDIAN. Please stop by the joke thread and try your hand there.
thank you very much

[sailaway21]

CP,
Seems to be the same around the country, even in Michigan. Most of us are working and not doing too bad considering the country is at war and gas is pretty darn costly. The biggest impediment I see in terms of the real economy is the relentless talk of recession which is going to take it's toll on the psyche of the consumer.

xort,
He's promised that about four times! Try the ignore button and make it real. My quality of life has improved immensely although I'll probably lose touch with my inner, condo-flipping, child self. oh well, all of life is a sacrifice.

[xort]

Originally Posted by Rickm505

For those who still can't figure out why the Fed is in full panic. This is an April 9 article

Bloomberg.com: Exclusive

This article is nothing less than a harbinger of impending doom. Even I can't believe it's this bad. And Chuckles, this is from a good conservative publication.

If Bloomberg got the story right, we are in more trouble than even I thought.

This is my worst case scenario.

From the last paragraph of the "impending doom" Bloomberg article...

"The number of lenders on the FDIC's ``problem'' bank list rose to 76 on Dec. 31 from 50 a year earlier. In 1990, the total reached 1,500. Three FDIC-insured banks failed in 2007, the first since June 2004"

DOOOOMED I say, DOOOMED.