I'm curious what happens when 20% of the mortgagers default on their homes. Is the government going to bail out the banks like it did the Savings...
That's great, but how well did Fib predict the 1929 crash? also, I've heard Del Mar is great too (but I've never been).
Yea, I think that's just CNBC crap. The 29 crash didn't just end one day either. It just slowly leveled off around Sept of 32. Honestly I...
Doing a quick little check of p/e ratios I think the Dow is trading around 21 (at the close of market today); however IP, EK and T are all...
I agree. It took the market 13 years to settle from the 1968 bubble. However, in the 1929 crash the Dow lost nearly 80% of its value in just...
Yea, I hear ya, but the Dow has been averaging about a 100 point loss a day for the month of July. Another two and a half months of that and...
I do a lot of work with these Chicago guys who are very knowledgeable and have a long history of successful trading. Anyway, they me told this...
Itâs a line from "The Graduate".
I see this as very possible outcome, but my own view is a 20% decline and then flat for the next decade. At any rate we both believe...
Careful with shorting reits. REITS don't really correlate with the residential real estate market. To my knowledge REITS are generally in...
SC is on MB
Actually Santa Cruz is on Monterey Bay. Half Moon Bay is on Half Moon Bay.
This I agree with. It is a cycle. The last time we had corruption on this level the US went through the most drastic changes in business...
I completely disagree, if companies were "totally transparent" then there would be way too much information for a person or a group of people to...
Good Thread.
Somehow it recovered, and I actually made a little money (maybe if I was a better trader I would have doubled down at the lower price, but that's...
Yea, if you live in Thailand you might expect this kind of crap, but this is the USA. The strong accounting and reporting requirements we have,...
Hmmm, I guess I'm not really gambling. I use a proven system that has worked fairly consistency for several years. But I am gambling because I...
Thanks Chas, Fortunately pretty close to even this morning with the bounce back. I just don't understand why news that's 3 months old can...
True, however if the accounting scandals don't stop, we could end up with a similar market due to total lack of confidence (I don't see this...
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