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  • August 27, 2009 at 4:45 PM #450296
    partypup
    Participant

    [quote=SK in CV]Pretty impressive move today. It is now worth approximately 9% of what it was worth August 1, 2008, up from the 7% where it closed yesterday. And up a whopping 680% from where it was in early March, when it was down to less than 1% of its value a year earlier.[/quote]

    You’re right…but does that make any sense to you? It’s just bizarre. Banks are failing left and right, a Fed official has just admitted today that real unemployment is 16% and 25% of the stores I drive by every day in West LA are EMPTY.

    …And yet the stock market and toxic companies are soaring in price!

    I feel as though I’ve entered some alternate reality where black is white and up is down!

    August 27, 2009 at 5:34 PM #450388
    jpinpb
    Participant

    I just don’t understand who is buying this BS. Like the other day, durable goods are up. Whoo-hoo. Duh. The government paid you to buy cars. Now what. Anyone that wanted to buy or was thinking about it did. So who’s going to be buying cars now that the program is over?

    I mean, it is amazing how fake everything is. I don’t get it.

    August 27, 2009 at 5:34 PM #449787
    jpinpb
    Participant

    I just don’t understand who is buying this BS. Like the other day, durable goods are up. Whoo-hoo. Duh. The government paid you to buy cars. Now what. Anyone that wanted to buy or was thinking about it did. So who’s going to be buying cars now that the program is over?

    I mean, it is amazing how fake everything is. I don’t get it.

    August 27, 2009 at 5:34 PM #450316
    jpinpb
    Participant

    I just don’t understand who is buying this BS. Like the other day, durable goods are up. Whoo-hoo. Duh. The government paid you to buy cars. Now what. Anyone that wanted to buy or was thinking about it did. So who’s going to be buying cars now that the program is over?

    I mean, it is amazing how fake everything is. I don’t get it.

    August 27, 2009 at 5:34 PM #449979
    jpinpb
    Participant

    I just don’t understand who is buying this BS. Like the other day, durable goods are up. Whoo-hoo. Duh. The government paid you to buy cars. Now what. Anyone that wanted to buy or was thinking about it did. So who’s going to be buying cars now that the program is over?

    I mean, it is amazing how fake everything is. I don’t get it.

    August 27, 2009 at 5:34 PM #450574
    jpinpb
    Participant

    I just don’t understand who is buying this BS. Like the other day, durable goods are up. Whoo-hoo. Duh. The government paid you to buy cars. Now what. Anyone that wanted to buy or was thinking about it did. So who’s going to be buying cars now that the program is over?

    I mean, it is amazing how fake everything is. I don’t get it.

    August 28, 2009 at 12:32 AM #449882
    partypup
    Participant

    [quote=jpinpb]I just don’t understand who is buying this BS. Like the other day, durable goods are up. Whoo-hoo. Duh. The government paid you to buy cars. Now what. Anyone that wanted to buy or was thinking about it did. So who’s going to be buying cars now that the program is over?

    I mean, it is amazing how fake everything is. I don’t get it.[/quote]

    EXACTLY. And my thoughts precisely on cash-for-clunkers. WTF? It’s like the economy/government is run by a cadre of grifters who are literally trying to float a con game from on week to the next. Sleazy! Has our nation become a telemarketing boiler room? It feels just that fragile…

    August 28, 2009 at 12:32 AM #450410
    partypup
    Participant

    [quote=jpinpb]I just don’t understand who is buying this BS. Like the other day, durable goods are up. Whoo-hoo. Duh. The government paid you to buy cars. Now what. Anyone that wanted to buy or was thinking about it did. So who’s going to be buying cars now that the program is over?

    I mean, it is amazing how fake everything is. I don’t get it.[/quote]

    EXACTLY. And my thoughts precisely on cash-for-clunkers. WTF? It’s like the economy/government is run by a cadre of grifters who are literally trying to float a con game from on week to the next. Sleazy! Has our nation become a telemarketing boiler room? It feels just that fragile…

    August 28, 2009 at 12:32 AM #450483
    partypup
    Participant

    [quote=jpinpb]I just don’t understand who is buying this BS. Like the other day, durable goods are up. Whoo-hoo. Duh. The government paid you to buy cars. Now what. Anyone that wanted to buy or was thinking about it did. So who’s going to be buying cars now that the program is over?

    I mean, it is amazing how fake everything is. I don’t get it.[/quote]

    EXACTLY. And my thoughts precisely on cash-for-clunkers. WTF? It’s like the economy/government is run by a cadre of grifters who are literally trying to float a con game from on week to the next. Sleazy! Has our nation become a telemarketing boiler room? It feels just that fragile…

    August 28, 2009 at 12:32 AM #450073
    partypup
    Participant

    [quote=jpinpb]I just don’t understand who is buying this BS. Like the other day, durable goods are up. Whoo-hoo. Duh. The government paid you to buy cars. Now what. Anyone that wanted to buy or was thinking about it did. So who’s going to be buying cars now that the program is over?

    I mean, it is amazing how fake everything is. I don’t get it.[/quote]

    EXACTLY. And my thoughts precisely on cash-for-clunkers. WTF? It’s like the economy/government is run by a cadre of grifters who are literally trying to float a con game from on week to the next. Sleazy! Has our nation become a telemarketing boiler room? It feels just that fragile…

    August 28, 2009 at 12:32 AM #450668
    partypup
    Participant

    [quote=jpinpb]I just don’t understand who is buying this BS. Like the other day, durable goods are up. Whoo-hoo. Duh. The government paid you to buy cars. Now what. Anyone that wanted to buy or was thinking about it did. So who’s going to be buying cars now that the program is over?

    I mean, it is amazing how fake everything is. I don’t get it.[/quote]

    EXACTLY. And my thoughts precisely on cash-for-clunkers. WTF? It’s like the economy/government is run by a cadre of grifters who are literally trying to float a con game from on week to the next. Sleazy! Has our nation become a telemarketing boiler room? It feels just that fragile…

    August 28, 2009 at 2:19 AM #450503
    partypup
    Participant

    Okay, at least now the mainstream media is taking note of this, but…WTF? Investors know this company is going to zero, but they’re willing to throw tons of cash at it? When it has no future??

    Truly, we are living in the most manipulated zombie economy in human history.

    “Investors are still trading common shares of Fannie Mae, Freddie Mac and American International Group Inc. by the billions, even though analysts say their prices are almost certain to go to zero.

    Shares of the two mortgage giants and the insurer have been swept up in a summer rally in financial stocks. Investors have been trading their shares at abnormally high volumes, despite analysts’ warnings that they’re destined to lose their money.

    “People have done well by trading them (in the short term), but when it gets to the end of the road, these stocks are going to be worth zero.”

    http://news.yahoo.com/s/ap/20090827/ap_o…

    August 28, 2009 at 2:19 AM #450688
    partypup
    Participant

    Okay, at least now the mainstream media is taking note of this, but…WTF? Investors know this company is going to zero, but they’re willing to throw tons of cash at it? When it has no future??

    Truly, we are living in the most manipulated zombie economy in human history.

    “Investors are still trading common shares of Fannie Mae, Freddie Mac and American International Group Inc. by the billions, even though analysts say their prices are almost certain to go to zero.

    Shares of the two mortgage giants and the insurer have been swept up in a summer rally in financial stocks. Investors have been trading their shares at abnormally high volumes, despite analysts’ warnings that they’re destined to lose their money.

    “People have done well by trading them (in the short term), but when it gets to the end of the road, these stocks are going to be worth zero.”

    http://news.yahoo.com/s/ap/20090827/ap_o…

    August 28, 2009 at 2:19 AM #450430
    partypup
    Participant

    Okay, at least now the mainstream media is taking note of this, but…WTF? Investors know this company is going to zero, but they’re willing to throw tons of cash at it? When it has no future??

    Truly, we are living in the most manipulated zombie economy in human history.

    “Investors are still trading common shares of Fannie Mae, Freddie Mac and American International Group Inc. by the billions, even though analysts say their prices are almost certain to go to zero.

    Shares of the two mortgage giants and the insurer have been swept up in a summer rally in financial stocks. Investors have been trading their shares at abnormally high volumes, despite analysts’ warnings that they’re destined to lose their money.

    “People have done well by trading them (in the short term), but when it gets to the end of the road, these stocks are going to be worth zero.”

    http://news.yahoo.com/s/ap/20090827/ap_o…

    August 28, 2009 at 2:19 AM #450093
    partypup
    Participant

    Okay, at least now the mainstream media is taking note of this, but…WTF? Investors know this company is going to zero, but they’re willing to throw tons of cash at it? When it has no future??

    Truly, we are living in the most manipulated zombie economy in human history.

    “Investors are still trading common shares of Fannie Mae, Freddie Mac and American International Group Inc. by the billions, even though analysts say their prices are almost certain to go to zero.

    Shares of the two mortgage giants and the insurer have been swept up in a summer rally in financial stocks. Investors have been trading their shares at abnormally high volumes, despite analysts’ warnings that they’re destined to lose their money.

    “People have done well by trading them (in the short term), but when it gets to the end of the road, these stocks are going to be worth zero.”

    http://news.yahoo.com/s/ap/20090827/ap_o…

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