Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
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- 284
A couple of days late with my observation but many stock stochastics are at the over-bought and past stage.
Blame Moody's - the end is nigh apparently.S&P 500 MINI - BEFORE THE OPEN
800 FINALLY GAVE WAY.
US market drop 5% we drop 10 points, the countries full of optimists, I'm not one of them.
Oh, MrBurns - I would never have guessed!
I'll let you in on a little secret - me neither. Though I'd prefer to define myself as a "realist" more than a "pessimist". Optimism definitely has it's place in the world - at the appropriate time, when it reflects reality - and AFAIC I don't see this as being one of those times for unbridled optimism!
Shall we see how the un-bridled, cavorting optimists go today then??
aj
Bears aren't pessimistic people. Bears are people who look for value.I agree entirely, my neighbor last year was telling me I was a pessimist for not getting in, I said i have a bad feeling about all of this, and he just scoffed and said all the usual bulldust you get when people get lucky and think it's their investing talent.
I estimate he would have lost $1M at least, he hasn't told me but at least I would think.
I'm going to knock on his door soon and say what are you worried about, it'll come back don't be a PESSIMIST ! HA
I call it being realistic too and I have the runs on the board to prove it.
It used to really **** me when he called me a pessimist, well now it's his turn.
FOOL ME ONCE, GEITHNER, SHAME ON YOU, FOOL ME TWICE..
http://www.bloomberg.com/apps/news?pid=20601087&sid=aHxdrBYdaJD4&refer=home[size=+1]The U.S. government sued UBS AG, Switzerland’s largest bank[/size], to try to force disclosure of the identities of as many as 52,000 American customers who allegedly hid their secret Swiss accounts from U.S. tax authorities.
U.S. customers had 32,940 secret accounts containing cash and 20,877 accounts holding securities, according to the Justice Department lawsuit filed today in federal court in Miami. U.S. customers failed to report and pay U.S. taxes on income earned in those accounts, which held about $14.8 billion in assets during the middle of this decade, according to the court filing.
Some thing I noticed for us all to ponder, take from it what you like. :alcohol:
see chart and enjoy..................
Well, whatever. Good luck to any buy-'n-holders. They might need it.
Citigroup (C) and Bank of America (BAC) won’t live to see May. The government will take them over within the next 60 days. The announcement may come as soon as tomorrow evening.
Glenn Stevens is confident we will avoid a recession...does that mean we will go straight to a depression or does he know some thing the rest of the World doesn't?
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