DOW DROPS 500 POINTS!

[propertymanager]

Imagine if Burak Obama Bin Laden gets elected president?

At this rate, I don't think it will matter.  By the time the next president takes office, their won't be anything left to nationalize.  We're dangerously close to full blown socialism (or worse) RIGHT NOW!  I am a conservative, but I think that Bush is doing a TERRIBLE, ABYSMAL JOB on the economy and on preserving our capitalist way of life!!!

The crash is still coming and it will be much worse because of all this manipulation by the government.

Mike

[Dave T]

News is breaking at an incredible pace.  From what I understand, the SEC has now placed a 10 day ban on ANY shortselling of 799 companies.  So, you can no longer bet that the stock of a company is going down.  INCREDIBLE!  No wonder the market won't go down (as it should), the government is making it ILLEGAL!!!  IDIOTS!

Mike,

From what I understand, the shortsellers were manipulating the price of the stock and induced panic selling that might not have otherwise occurred.  If this is the case, then the SEC action seems reasonable.  The market can still go up and down under its own weight.  We just won't have people selling huge blocks of stock they don't own influencing the direction of certain stocks.

I have to disagree with you on this one.  It will still be legal for the stock market to go down even with this SEC action.

[fdjake]

You have to play the hand you're dealt.

The thing to remember here is........who is DEALING the cards???

The "DEALER" is Bernanke.  Do yourself a HUGE favor and READ about this guy's background.  He literally has written BOOK after BOOK on the causes, and LACK OF GOVERMENTAL intervention during the 1929 stock market crash.  This guy is a STUDENT of the depression.  At some point here you might as well realize that he is NOT going to let this market  COLLAPSE without throwing EVERY SINGLE thing he can at it.  I will tell you this.....

In my opinion, we could be looking at THE SINGLE GREATEST OPPORTUNITY OF ALL TIME here.   Think about it....Real Estate SUCKS right now....Yea, Yea...I know it's great to be a buyer....but it ain't great NOT being able to find renters for your apartments, and NOT being able to find FINANCING for YOUR BUYERS.  Commodities have imploded, that was where the money was pouring into last year.  How about BONDS???  Did you happen to see the NEGATIVE rates on bonds this week

So what does that leave us with???? It leaves.... ONE asset class boy's............

STOCKS!!!!

Did anyone here buy those Ford options last week at .98??
If you did, you'll find a nice 50% return in your account at the open this morning.

Bernanke is taking some heat for this moves but in my opinion (and I know Rookie disagrees with me on this one)  this guy will go down in history as the best Fed Chairman this country has ever had.  People don't realize what would have happened if these steps WERE NOT taken.  Guy's......yesterday we had a RUN on money market accounts...do you have any idea how catastrophic that would have been to the ENTIRE economic system??  IT WAS OVER.  The Fed/Treasury SAVED this country. If you doubt that for one minute look at stock markets around the WORLD today.  This was a GLOBAL co-ordinated effort to save our financial systems.   I'm fully aware that the FEDS CAUSED this disaster.  But without a TIME MACHINE there is NOTHING that could be done to fix this.  They took UNPRECIDENTED STEPS here.  THANK GOD they did.  

What we have to realize here is at some times it is VERY BENEFICIAL to have GOVERMENT INTERVENTION & REGULATION.  The MORON we have in the White House has spent 8 YEARS touting his MINIMAL REGULATION BULLSH*T.  That single policy is EXACTLY what got us into this situation.  If you don't REGULATE NOW, YOU WILL REGULATE LATER!! 

THIS IS LATER.

Hello President OBAMA.   THANKS GEORGE for destroying the Republican
party in 8 short years.  I'm not an Obama fan but it doesn't matter, he WILL be our next President and we can all thank George's "limited regulation" theory for every single bit of this mess.

GET READY...The next phase is HERE!!  You can argue about it or you can make MONEY from it.

I will make more money in the markets TODAY, than I have in any single day IN MY LIFETIME!!!

GREAT DAY TO OWN CALL OPTIONS!!!  

[Vader]

fdjake, you keep making sense, STOP IT!!! I'm not used to this!

j/k man, good post, I like reading your stuff now, never thought I'd ever say that.

[dr_white]

Ah-Ha! I found some cash! I had some company stock from 2 jobs back. Sold that before it dropped $2 in one day. Phew! Now, some of you more versed in the ways of stocks may think this silly, but with my yearly $200 play money - money I might have just as easily spent on roulette in Las Vegas - I bought 100 shares of Washington Mutual at $1.90. I log in today and I was up 123%  Damn! I have never seen 100+% on any investment I've ever had. Then again, this stock may tank and go bankrupt, but, then again, someone may buy them out at $5 per share. Hey, this was my yearly $200 play money. Let the dice roll, Babey!! 

 Dean

P.S. I have been seriously considering buying Ford stock on fdjake's recommendation that big, vane, stupid cars are one of the first things people buy when economic hard times turn back to good. Anyone got $500? 

[christopher w]

I'm stunned to admit that I also agree with Jake. The alternative to intervention was too scary to consider. The other thing that people may not be considering is that in the long run the government could make money from this. When they bailed out Chrysler, they were paid back every penny plus more. We could break even on this bailout if we could just get out out of this stupid war.

[karim0028]

All i have to say is welcome to the new USSA!!!!

Im not complaining as a weakling...  As fdjake mentions you can make money in any market....  

BUT, i am furious that we as the American people have been fleeced, hoodwinked and then tricked into sucking up bad debt setup by banks..  In president bushwacked's own words, "MOST of this money will EVENTUALLY be repaid"....  Bullshit....  Sounds eerily like something most of us have probably heard before "the checks in the mail, i'm good for it, i swear".....

I dont know about you guys but i dont recall seeing a check in my mailbox from the banks sharing their profits when they were sucking it down by the fistfuls....  But, when **** goes down, they come crying like little kids that got their butt kicked in a fist fight.....

Now, we get saddled with their bad debts so that they can go on making more and more money!!!  I feel like we were playing musical chairs and the tax payers got left w/o a seat.....


How is nobody furious?  Why is there no outcry?  Our national debt doubled on a fateful Sunday 2 weeks ago and now we just committed to taking on more bad debt (~ another 2 Trillion)!

This is our debt!  Debt backed by our hard work and labor, backed by every American's labor.  Even if some of us/we make money, national debt is still debt that is backed by each and every one of us, the tax payers.

Our kids will be on the hook for this.  Our country is on the hook for this. Money/capital, flees when countries go bankrupt...  After that all that is left is the former shell of a once great country...  

In the mean time we get left destitute.  The way i see it, a sad day indeed.

[rookieNYC]

God do I love Federal intervention ....$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$.....

[karim0028]

Its good for the private individual who knows what they are doing.... 

Dont get me wrong, i believe in what fdjake is saying.  Like i said, there is money to be made when the market is going up or crashing down.

BUT, i am sad for the nation, as we are willfully bankrupting a nation.

Debt doesnt dissappear.  Its wrapped around our necks and eventually the nations that are willfully loaning us money will make us their slap dummy.

[fdjake]

This is EXACTLY what cracks me up about REPUBLICANS.   These MORONS have been telling us about the TAX and SPEND Democrats FOREVER.

Here's a math question......

Add up all Bush's tax cuts then add up DEBT that this MESS has created and will cost us....Then tell me the Democrats are going to raise my taxes.
Are you sh*ttin me???   The Republicans just CAUSED the single BIGGEST TAX INCREASE IN THE HISTORY OF THIS COUNTRY.  That occurred because there was virtually NO REGULATION of ANY KIND, in ANY of these markets, for the last 8 years.

I say let the Democrats take a stab at it.  The Republicans (who I usually support) BLEW IT........BIG, BIG, BIG!!

[Liquidity]

 

the stock market is rigged right now fellas. the government has BANNED short selling almost 800 financial stocks and is going to take all their bad debt and make it the governments problem.

ummmmm how can these stocks not go up for the next 2 Weeks ???? the last 2 days up almost 800 pts. because the FED and SEC have stacked the deck. the stock market would have crashed along with the worlds stock markets. thats why they acted.

all i know is this week i will be all over the market buying and selling along with everyone else. its almost like stealing right now.

buy the names that have been dragged through the mud MS GS WM WB. the ones that have lost the most, they wil gain the most. until oct2 the financials will go up daily. buy UYG thats the eft for all of them.

I bought oil and gold for the weekend. I'm thinking the news over the weekend will be INFLATION and these 2 will do better than the banks monday. if not back into the banks i go harder.

[John_in_NC]

fdjake,

Can you do me a BIG favor?? Can you tell us all about a time when you lost a lot of money?? There has to be a time? I admit, I am jealous at your speculative plays, I wish I had the clairvoyances you have with stocks, but it's just not a trait for human beings. That is why I think if you really make all of these speculative moves, there has to be a time or two when you totally lost your ass. Right?

[Liquidity]

I keep thinking of the foreclosures i made offers on and the banks reject the offers. now that debt is Slaughtering big banks on a global scale.

john

 Im sure jake has made a losing trade. Its impossible not to. but the same with any investment. Have you bought a house that need more than you planned  ? Something went wrong with it after you purchased it and had to fix it ? had a tenant not pay rent and was forced to evict ? i think the tenant not paying is a good analogy of picking the wrong stock. you could done more background research but in the end its up to them to keep their job and pay on time. you pick a stock and hope they're not lying about earnings and pray that they dont have negative news.

[fadi]

I really do not like getting into these debates.

If Bush could run for 3rd term, half the country would still vote for him based on his religious stance regardless of everything that happened.

The problems we ran into are not because the government's intervention. This is just the concequence.

The problems we ran into are because the wrong guy was elected based on religious base and not qualifications or ability to run the country. Even after he screwed up in the first term, he was reelected on the same basis.

One would argue that the tax payers are not paying this hefty bill due to the government intervention, but due to the conservatives that put this idiot in power just so they could protect their illusions.

We have sacrificed over 4,000 young men and a 4 billion dollars a month war bill on the wrong war, and some STILL support him. He killed double the number of the victims of 9/11 and some STILL support him. Not because he did good job, but because he is concervative.

I don't get how bailing out our financial institutions gets questioned when the cost pales in comparison to what he did to our country and our young men.

We are not paying these bills because of socialists. We are paying these bills because of concervatives who voted him TWICE and continue to support him.

Want a true capitalist system? tax only those who supported him and put him in office.

Flame on

[jfpen]

My Bad