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#61
10-07-2008, 8:49 AM
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if you truly think the DOW is going lower throw your money into SDS and DXD (inverse ETFs that use options to track the inverse performance ofthe S&P and the Dow). They're up like 40% on the year
__________________
“...the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” Ben Bernanke - March 2007 Credit is trust. Even in the event of a shaky economy trust the government to lie about it. 
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#62
10-07-2008, 9:24 AM
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6k, within 6 months of next Jan.
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We could have had RON PAUL. 
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#63
10-07-2008, 9:30 AM
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6k is entirely possible, but I think a 7-8k bottom is much more likely. The credit markets are still frozen solid. The question you should ask, is what fraction of businesses have considerable loans to cover day-to-day expenses (fuel, payroll, feedstock). The next question to ask: how big a response from our government?
I think there is a good chance our govenrment will cover all and issue short term loans for regular business purposes. It's the start-ups that will get shafted. It's the businesses seeking loans for expansion that will be denied. I think it's possible that 30% of the capital in the market could disappear. My call was for 40-50% from peak (14,400).
__________________
“...the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” Ben Bernanke - March 2007 Credit is trust. Even in the event of a shaky economy trust the government to lie about it.
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#64
10-07-2008, 10:20 AM
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SpeakToMe: " ... It took Japan 10 years to fight through it's mess. ... It took a world war to "fix" out last depression. ..."
It took a revolt and sharp knives to "fix" the French 19th Century problems too. " ... I tremble at what new fixes the government will "find". ..." Not me ! I don't tremble at these larger problems. I'm wondering what the farmers are going to do with all that milk and cheese when Mama Zer0'Bama calls for an overthrow of private property rights.  Wyoming is looking better and better ... CastorOil: " ... My call was for 40-50% from peak (14,400). ..." Uh, that would be DOW = ~ 8,000 ?? No way Man ! The US 'Merican Dollar will inflate even more to account for that. If you consider that the g'ment just "printed" another $700 Billion Inflated Dollars and the need may go to $2 Trillion Bucks, then factor that in and the DOW is already below 5000 (1999 dollars) right now.  Gold is up a bit today = $875 ++ and looks to head through a grand by Halloween  ... I was planning on buying some more bullion coins over the weekend.
__________________
Number 1: Every single IRS employee from top to bottom should immediately be put on unpaid administrative leave until the gangs of sharks, liars, thieves and pranksters are discovered and prosecuted To The Fullest Extent of Federal and State Laws ... RICO statutes applied, UnConstitutionality discovered and Treasonable Offenses established. ... There is no number 2.
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#65
10-07-2008, 10:48 AM
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I am thinking it might be time to leave Tejas...
__________________
We could have had RON PAUL.
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#66
10-07-2008, 10:59 AM
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I know a spot West of truckee...
__________________
“...the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” Ben Bernanke - March 2007 Credit is trust. Even in the event of a shaky economy trust the government to lie about it.
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#67
10-07-2008, 11:00 AM
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Galts Gultch anyone?
__________________
"I refuse to have a battle of wits with an unarmed person" www.electcommonsense.com/ecsnuke
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#68
10-07-2008, 11:00 AM
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Quote:
__________________
“...the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” Ben Bernanke - March 2007 Credit is trust. Even in the event of a shaky economy trust the government to lie about it.
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#69
10-07-2008, 11:04 AM
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Hardyville is already full.
Who is John Galt?
__________________
We could have had RON PAUL.
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#70
10-07-2008, 11:23 AM
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Speak
Exactly.
__________________
"I refuse to have a battle of wits with an unarmed person" www.electcommonsense.com/ecsnuke
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#71
10-07-2008, 11:42 AM
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Did you tell Bungaroo?
I shall not.
__________________
We could have had RON PAUL.
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#72
10-07-2008, 11:51 AM
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We're most decidedly in a market crash now. We're 32% off peak.
__________________
“...the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” Ben Bernanke - March 2007 Credit is trust. Even in the event of a shaky economy trust the government to lie about it.
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#73
10-07-2008, 1:52 PM
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Ouch... 500 pts... Glad I got back in on SDS the other day. I may be a bad timer (i missed the 20% pop the other day) but it's sure been a great ride.
__________________
“...the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” Ben Bernanke - March 2007 Credit is trust. Even in the event of a shaky economy trust the government to lie about it.
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#74
10-08-2008, 5:32 AM
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International markets plunged over night. It's going to be another fun day for those of you actually stupid enough to still be long the market.
__________________
“...the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.” Ben Bernanke - March 2007 Credit is trust. Even in the event of a shaky economy trust the government to lie about it.
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#75
10-08-2008, 11:29 AM
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Kes, stupid is a bit harsh..
Lets say they have "misplaced confidence". Where to though? everything is plunging...
__________________
We could have had RON PAUL.
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#76
10-08-2008, 1:27 PM
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100,000 small investors long today = stopped out on margin accounts, despite SEC rules to the contrary = $$ Billions lost to the bailed out greedheads of Wall Street.
East of Truckee is more like it = Wyoming ?
__________________
Number 1: Every single IRS employee from top to bottom should immediately be put on unpaid administrative leave until the gangs of sharks, liars, thieves and pranksters are discovered and prosecuted To The Fullest Extent of Federal and State Laws ... RICO statutes applied, UnConstitutionality discovered and Treasonable Offenses established. ... There is no number 2.
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#77
10-08-2008, 2:28 PM
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"Wy" ?
__________________
We could have had RON PAUL.
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#78
10-09-2008, 9:08 AM
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" "Wy" ? "
To get shut of the taxsuckers, mostly. I may have a tough sell = the wifey has temporarily vetoed a move to Wyoming ... except that her government supported job may be coming to an end ... If so then maybe ... (I have customers on the eastern slope, all of my relatives now live in the Rockies, there is a cute little airport up by Afton / Bedford where they make a plane I always wanted: http://www.aviataircraft.com/husky.html )
__________________
Number 1: Every single IRS employee from top to bottom should immediately be put on unpaid administrative leave until the gangs of sharks, liars, thieves and pranksters are discovered and prosecuted To The Fullest Extent of Federal and State Laws ... RICO statutes applied, UnConstitutionality discovered and Treasonable Offenses established. ... There is no number 2.
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#79
10-09-2008, 3:41 PM
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Sweet, I am thinking moveing to central WI, be closer to family when things get worse.
__________________
We could have had RON PAUL.
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#80
10-10-2008, 8:42 AM
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The in-laws have a beautiful cabin on a small lake in central Michigan. We can hideout there and blast away to our hearts content whenever we want ... its what the skinhead / militia men in the area do. Late at night you can hear the gunfire as they practice being real soldiers, except in late summer when the bears get a bit testy ...
My folks had a really nice place in central Wisconsin decades ago ... a wonderful place to visit when I was a hippy, hitchhiking around the country. One year I hitched to Chicago and got busted in the Lincoln Park riots (demo convention of 1968). So I hide out in Wisconsin until I was allowed to travel again through Illinois ...
__________________
Number 1: Every single IRS employee from top to bottom should immediately be put on unpaid administrative leave until the gangs of sharks, liars, thieves and pranksters are discovered and prosecuted To The Fullest Extent of Federal and State Laws ... RICO statutes applied, UnConstitutionality discovered and Treasonable Offenses established. ... There is no number 2.
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