Does Anyone feel like Bailing

[classicman]

Got this from a friend this am.

What Caused Our Economic Crisis?

It gets rather interesting at the 4:40 mark. Just some food for thought.

[tw]

I am looking at the losses only for today. A snapshot of what happens when a wacko administration fixes an economy by through money at the rich.
Agilent Technology - down 5%
Apple - down 18%
Arch Coal - down 21%
Adobe - down 8%
AIG - down 13%
Applied Materials - down 6%

Most of these have no operations in the financial industry. But again, Deja vue. When the income of the richest was increasing massively AND the average man's income dropped (ie 2% under George Jr), then four years after a stock market meltdown, massive numbers of jobs are lost.

Remember when one was warning of the dangers in what is now called "Mission Accomplished". How many years later did the warning come true? At least four. When another was warning about the massive housing crisis, how many years later did the warning come true? Three years. When the stock market crashed in 1929, how many years later were jobs lost? Four years.

What other warnings were pooh-poohed four years ago by wacko extremist propaganda. This is what happens when a political agenda replaces 'working for America'. The spread sheets are again reporting what actually existed four and more years ago.

Who will prosper? Who do you think will step in to provide an "economy saving" capital? Europeans, Chinese, Japanese, etc. Even if the government bails out Wall Street, well, where does government get that cash? Saudis, Israelis, Russians, French, etc.
The party is over. And what was George Jr back in college? The social chairman - a party planner.

Today, Wachovia, that was once considered a savior of Morgan Stanley, no longer exists. A stock that was selling for $15 a share last week dropped massively every days; is now worth only dimes. In one day, Wachovia Bank dropped 80%. How many others have been lying on their spread sheets? Enron was the warning about how our finance people. Did your stock broker warn you last year? Why not? Those warning to prepare were posted in The Cellar.

Is your broker still saying to hang in there? Was he saying what goes down will rise back up? Is he worried about losing you as a customer - or representing your interests?

[TheMercenary]

Originally Posted by tw

I am looking at the losses only for today. A snapshot of what happens when a wacko administration fixes an economy by through money at the rich.

Wacko administration????

This is a problem of Congress. If all the demoncrats voted yes it would have passed. Bush already said he would sing it. There is enough of this shit sandwhich that everyone gets a bite, righty tighty and lefty loosey.

[Griff]

Originally Posted by TheMercenary

Wacko administration????

This is a problem of Congress. If all the demoncrats voted yes it would have passed. Bush already said he would sing it. There is enough of this shit sandwhich that everyone gets a bite, righty tighty and lefty loosey.

You misunderstand, tw is the good conservative on this one. The shit sandwich has to be eaten. Congress did the right thing.

[Bullitt]

Professor of mine today mentioned today that we should watch to see what the hedge funds do tomorrow as a serious indicator of further trouble.