[smallpoxgirl]

$this->bbcode_second_pass_quote('Tyler_JC', 'M')aybe I should have just sent a check directly to some fat cat's pocket. Because that's exactly what just happened.

[frankthetank]

Just another reason why i opened an account for trading stocks, but NEVER funded it! The market can't be trusted. Glad my mom got out back in 2000...

A person is better off spending money on dirty magazines, booze, and flashy clothing...

[MOCKBA]

$this->bbcode_second_pass_quote('Tyler_JC', 'B')y the way, the SKF is currently frozen (read: worthless).

[Chuckmak]

$this->bbcode_second_pass_quote('JohnDenver', '')$this->bbcode_second_pass_quote('Tyler_JC', 'B')y the way, the SKF is currently frozen (read: worthless).

Along with every other short fund.

I have just been robbed of thousands of dollars by the US Treasury Department.

[JohnDenver]

$this->bbcode_second_pass_quote('Tyler_JC', '')$this->bbcode_second_pass_quote('JohnDenver', '')$this->bbcode_second_pass_quote('Tyler_JC', 'B')y the way, the SKF is currently frozen (read: worthless).

Along with every other short fund.

I have just been robbed of thousands of dollars by the US Treasury Department.

[sjn]

$this->bbcode_second_pass_quote('JohnDenver', '')$this->bbcode_second_pass_quote('Tyler_JC', '')$this->bbcode_second_pass_quote('JohnDenver', '')$this->bbcode_second_pass_quote('Tyler_JC', 'B')y the way, the SKF is currently frozen (read: worthless).

Along with every other short fund.

I have just been robbed of thousands of dollars by the US Treasury Department.

[tex123]

"Likewise. But I have to admit: I am seriously thinking about withdrawing all of my money out of the bank and cashing out my money market account today. I am -> <- this close to doing it, because I keep seeing signs that this is about to spread from the investment bank community to the commercial bank community.

Anyone have any thoughts either way?"

I am right on the edge myself these days. Called my financial advisor the other day who temporarily calmed my fears but after this rally I strangely feel like the government just took a step in the wrong direction. These drastic measures do not make me feel any better and that was their intention right? Apparently it made wallstreet all giddy but I spoke with my husband today about buying precious metals. I know almost nothing about the markets but my intuition tells me something just went terribly wrong and the time to act is short.

[smallpoxgirl]

$this->bbcode_second_pass_quote('JohnDenver', 'O')r maybe you should have earned the money for your dream home by a quaint practice that people in the old days used to engage in called "work".

[Captain_Meh]

$this->bbcode_second_pass_quote('tex123', 'b')ut after this rally I strangely feel like the government just took a step in the wrong direction. These drastic measures do not make me feel any better and that was their intention right?

[jbrovont]

* except it's going to be "from each according to his ability." From those who have more, more will be taken. From those who have little, less will be taken.

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('Tyler_JC', 'M')aybe I should have just sent a check directly to some fat cat's pocket. Because that's exactly what just happened.

[jbrovont]

If you can hold it in your hand, it's real.

Inflation is clearly outpacing interest and investment growth right now. The only reason to have money in a bank in that environment would be security and convenience of paying bills.

Since the security of deposits are now in question, the only remaining reason to use a bank is to be able to write checks to pay bills.

IMO, there's no good reason to have cash in a bank account right now. In fact, there are a lot of reasons NOT to keep your money in a bank right now.

If you need instant payments, pay with a credit card and pay your bill with a money order, and just pay it off every month.

I can't think of anything else - anyone have a good reason to have cash in a bank right now?

$this->bbcode_second_pass_quote('tex123', '"')Likewise. But I have to admit: I am seriously thinking about withdrawing all of my money out of the bank and cashing out my money market account today. I am -> <- this close to doing it, because I keep seeing signs that this is about to spread from the investment bank community to the commercial bank community.

Anyone have any thoughts either way?"

I am right on the edge myself these days. Called my financial advisor the other day who temporarily calmed my fears but after this rally I strangely feel like the government just took a step in the wrong direction. These drastic measures do not make me feel any better and that was their intention right? Apparently it made wallstreet all giddy but I spoke with my husband today about buying precious metals. I know almost nothing about the markets but my intuition tells me something just went terribly wrong and the time to act is short.

[smallpoxgirl]

$this->bbcode_second_pass_quote('jbrovont', 'I') can't think of anything else - anyone have a good reason to have cash in a bank right now?

[seahorse]

JD,

How can capitalism ever work to solve the energy crisis if it doesn't exist?

[cube]

cube's prediction:

The market will crash.
The government ban on short-selling of financials is absolute proof that these companies are rotted to the core and they're not even worth 50% of their current list price.
There are two players in the stock market:
1) smart money
2) dumb money
The smart money such as hedge funds and the other big institutional investors that were previously Long will now dump their stocks.
Joe Sixpack and all the other "dumb money" folks will see the price drop by 10% and rush in like fools to buy these stocks because they think they're getting a "good deal".

After the "smart money" hands the stocks over to the "dumb money" the price will crash down to the basement. I expect to see the stock market lose 50% of it's peak value sometime in the second half of next year.
There are commodity futures contracts that tract the major stock indexes.
I will make my profits there (leveraged of course)

[TheDude]

$this->bbcode_second_pass_quote('jbrovont', 'I')f you need instant payments, pay with a credit card and pay your bill with a money order, and just pay it off every month.

I can't think of anything else - anyone have a good reason to have cash in a bank right now?

[smallpoxgirl]

The problem with the stock index futures is that they very high dollar. If you're not a big time player it's super easy to get crushed. The E-mini S&P 500 contract (which is 1/5 of the regular contract) is up $5100 over the last two days.

The other choice for shorting is to buy put options. I'm sure the options markets are going nuts with all this. Options come with difficulties of their own, but index futures are out of my price range.

[smallpoxgirl]

$this->bbcode_second_pass_quote('TheDude', 'J')D's revealed himself as championing the cause of the everyman lately. How this jibes with the reality of modern industry I'm not sure. Perhaps he expects renewable energy to become the province of high school shop classes. Or he's just in favor of extra-strong regulation to curb capitalist excesses.

[threadbear]

All of you need to get out of the markets. Don't short it, or long it. Just get out. Put half your stash in bullion and keep half in cash. If you feel better keeping your cash in a safety deposit box, do it.

[Koyaanisqatsi]

$this->bbcode_second_pass_quote('jbrovont', 'I') can't think of anything else - anyone have a good reason to have cash in a bank right now?

[Koyaanisqatsi]

$this->bbcode_second_pass_quote('threadbear', 'A')ll of you need to get out of the markets. Don't short it, or long it. Just get out. Put half your stash in bullion and keep half in cash. If you feel better keeping your cash in a safety deposit box, do it.