[mos6507]

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('jasonraymondson', 'D')o you know any virgins?

[FreedomSlave]

Any question of whether the financial collapse and the start of the Greater Depression are connected?

As I said, there cannot be a bottom yet. Not until the foundation of this financial orgy-bubble-house of cards stablizes, and that would be real estate prices. And we are nowhere near that happening.

Not to mention, without transparency in all of the asset valuations and transactions going forward, we're just shoveling shite around looking for the next sucker to buy a bag of it. The extraordinary measures taken so far, particularly the authority just granted to Paulson, does NOTHING to clear this up. It only clouds the picture further while creating favored parties in the "new" fascist economy.

I see more volatility and down movement in the markets for quite some time, but becoming smaller/less dramatic as all the money gets sucked out of our pockets. But the next few days could give us the biggest percentage drops yet...

This is just the opening act - the real pain will follow for many years to come, well after the market "stablizes" at the bottom.

Heinie, I like most of your posts, and your analyses have been very helpful to me in the last few years, so please keep thinking it through - don't panic - and don't "trust your gut" too much - especially when what you probably really mean is that you wish the worst was over. We all do...

Most of us realized that these days would be coming, and now that they have started in earnest, we need to remember the advantages we have created for ourselves by looking around the corner and preparing for the hard times to come. Now is not the time to start second guessing ourselves and denying what the future brings.

[Ferretlover]

$this->bbcode_second_pass_quote('Arsenal', 'R')eplace virgins with any number of fat cat CEO's or anyone that received millions while the company/economy tanks. Then I would be on board.

[Cabrone]

Looks like its time to start queuing at the soup kitchen.

[RdSnt]

$this->bbcode_second_pass_quote('VMarcHart', 'F')YI, on October 19th, 1998, the Dow closed at 8,466.45. Given or taken 100 points, we are where we were 10 years ago!

Apple pie, anyone?

[tex123]

Yeah, must be ending, got a letter from my financial advisor dated 10/6. (Got 95% of my money out a couple weeks ago).

Here are some excerpts: "Today we endured a full scale global financial panic; The fed can expand the money supply without limit and, at least for now, is doing exactly that.; There will be mostly positive but some negative outcomes to this measure.; I believe the EESA is necessary and will work. If the $700 billion proves insufficient, then more money will likely be authorized to help resolve the crisis.; I also see that taxpayers might be even more on the hook if, down the road, another large deposit insured bank fails.; There is a silver lining to this dark cloud. Bank lending is not "grinding to a halt" nor is there likely to be a wave of bank failures.; This is not the Great Depression II. ; These problems, while complex, are still narrowly defined.

It is important to remember that the vast majority of U.S. companies remain sound. We are in the midst of a financial crisis that is bringing on a recession, but not economic devastation. Stock prices are being driven down by what I consider to be indiscriminant selling that is not justified by the fundementals to very low valuations, making it a very bad time to abandon the long-term plan for your portfolio. I urge patience and calm."

Comments welcome

[Arsenal]

Wow.. I had to wipe the BS off my screen to read all of that.

[oswald622]

$this->bbcode_second_pass_quote('nobodypanic', 'w')hen a power the size of the US falters, historically speaking the tendency points to a collapse to a lower energy state of smaller regional powers, e.g., roman empire into smaller european kingdoms; (also see soviet collapse).

given that, is your position that this is instead more akin to the collapse of the roman republic into the roman empire rather than my previous example?

[firestarter]

Heineken,

NO!

[smallpoxgirl]

$this->bbcode_second_pass_quote('mos6507', 'W')hat, you mean Major Nelson isn't asexual?

[Arsenal]

$this->bbcode_second_pass_quote('smallpoxgirl', '')$this->bbcode_second_pass_quote('mos6507', 'W')hat, you mean Major Nelson isn't asexual?

[smallpoxgirl]

$this->bbcode_second_pass_quote('Arsenal', 'I') thought you would recognize the Major from your avatar.

[RdSnt]

The Nikkei is currently down over 10%. I wonder if they'll close it?

[Revi]

Is the Nikkei down already? I really don't see how it can keep going down and down.

There has to be a bottom. I think we'll see it in the next year or two anyway.

The stock market ended up at 10% of it's pre-crash value in 1932. Are we headed to 1400 from 14,000?

It seems like the sky is really falling this time.

[Jotapay]

$this->bbcode_second_pass_quote('Revi', '
')There has to be a bottom. I think we'll see it in the next year or two anyway.

[seazar]

http://mailcenter3.comcast.net/wmc/v/wm ... 470&sid=c0

Your link is broken; and Please use the hyperlink function (instructions in the 'How To Get Around This Site..." thread in the Welcome Forum.) Thank you.-FL

[smallpoxgirl]

Your link is broken seazar. Unless you were trying to point to a story about a rise in Chearleeding injuries.

[drgoodword]

$this->bbcode_second_pass_quote('FreedomSlave', 'A')s I said, there cannot be a bottom yet. Not until the foundation of this financial orgy-bubble-house of cards stablizes, and that would be real estate prices. And we are nowhere near that happening.

[Eli]

This financial crisis is ending, just like this.
link

{embedded page converted to link by SPG}

[FreedomSlave]

Thanks, drgoodword.

I appreciate it.