Market crash: are we there yet ?

[sailaway21]

The market is going to be less than happy with an Obama administration if the author here is correct in his thinking.
Obama’s Stock by Pat Toomey on National Review Online

[Bene505]

[[I'm posting this to 3 threads, since I think it of the utmost value to us all. If you read one thing today, read this history. It will absolutely amaze you.]]

From Investor's Business Daily: Why The Mortgage Crisis Happened

Investor's Business Daily: Why The Mortgage Crisis Happened

The firt page is editorial that you may not agree with. Get through it and read the history. Amazing!!!

[therapy23]

Originally Posted by Bene505

Amazing!!!

Sure is.
I just wish the wife would have let us sell when I brought it up 3 years ago.

[wind_magic]

The award for understatement of the week goes to the Icelandic Treasury on it's bond auction site ...

Suspension of Treasury notes auction


Monday, October 20, 2008
By GDM
Due to special conditions in the bond market, it has been decided to suspend an auction of Treasury notes that was planned to be held October 23, 2008.

Source: Bonds

[chucklesR]

Originally Posted by PBzeer

Which would you rather have, a 401k (or similar), or a government retirement account getting 3%?

Why Democrats Will Target the Investor Class in 2009 - Capital Commerce (usnews.com)

Next quarter, .7% or more negative, unlike some predictions, this is where history will show that the actual recession began. You may officially count that as the only predication I've made in this thread.


History will also show, that much like FDR, the Democrats will prolong the recession with bad policies.

[Bene505]

Yes, we need to return to capitalism, not explore further the depths of socialism.

By the time we throw the bums out in a few years, Iran will have the bomb, Russia will re-take most of the old Soviet Block, the supreme court will be a legislating-from-the-bench joke, our military will be cut *again* to rags, and we'll be all about spreading the wealth and the resulting, overly-abundant pain.

[wardp]

Since everyone here likes history, check out what party has been in power for bull markets and who was in charge for the bear markets.

Also I changed from a bear position to bull monday and plan to stay bullish until the second week in feb. 09. What a country.

[sailhog]

Here's some good news... Some see the market up 13% by Dec. 31.
Goodbye October Hello Rally Big Money Sees Dow Up Another 14: Tech Ticker, Yahoo! Finance

[chris_gee]

"Next quarter, .7% or more negative, unlike some predictions, this is where history will show that the actual recession began. You may officially count that as the only predication I've made in this thread."
Oh yeah? There is another post somewhere where you say that you know how recessions are actually determined but other people are too stupid to follow that so you persist with the misinformation to create the illusion you are right.

[wind_magic]

Anecdote from the "real" real estate market ...

Went to a well advertised local real estate auction about an hour ago. I'm not kidding, about 10 people showed up, and many were couples so all total maybe 4 bidders. The auction started with a 100k$us ask on a two story house with a full basement and nobody bid. The auctioneer kept asking for 100k$us to get the bidding started and there started to be this really weird very uncomfortable silence, and nobody said anything. The auctioneer threatened to call the sale off if nobody bid, and nobody bid, and then finally this one guy said he'd bid 10k$us just to get the bidding started. The auctioneer said no, that the bidding would start at 100k$us, and there was a lot more silence. Then finally the auctioneer called the auction off and the owner was obviously upset that they weren't able to sell the house. I told the lady I was sorry that she hadn't been able to sell and she said that she couldn't give the place away and then went upstairs to be by herself as everyone left. About as sad a thing as I've seen lately.

After the sale the guy who had bid 10k$us to start said that he had seen the same thing everywhere, that he had participated in a lot of auctions where people were just desperate to get out of their houses in one piece, and that most of them were in similar situations - they'd paid all this money to get into houses and now they couldn't get out of them, because nobody has any money to buy, and nobody is extending any credit.