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LookoutBelow
ParticipantETrade is in deep shit…..Look into it and figure it out
Good luck
ParticipantIf one were to investigate just how deep these MM are in CDO investments….One would be terrified and see just how SERIOUS this coming implosion is going to be…..Not just here in the USofA either….but GLOBALLY
ParticipantIf one were to investigate just how deep these MM are in CDO investments….One would be terrified and see just how SERIOUS this coming implosion is going to be…..Not just here in the USofA either….but GLOBALLY
ParticipantIf one were to investigate just how deep these MM are in CDO investments….One would be terrified and see just how SERIOUS this coming implosion is going to be…..Not just here in the USofA either….but GLOBALLY
ParticipantNo worries here…..The realtor that "say's" he can sell it for higher amounts that are unrealistic and illogical will be long gone in a few months after he pisses away all of his annual advertising budget on goofy ads for those fictitiously priced listings…. The market and his limited funds will drastically shorten his time in business.
FACT:
I dont care how good a realtor is, if the customer cannot qualify for mortgage, then NO AMOUNT of creative, thinking outside the box bullshit the realtor can come up with is going to change the fact that he is not talking to a "customer" (someone CAPABLE of buying) he is talking to a time waster and is squandering his precious time….THAT realtor will move on to telemarketing soon, for his time in the business world is limited as his very business model is flawed by even talking to people who cannot close the deal for him.
So we find ourselves today actually seeing the results of outlandishly "creative finance" techniques engineered by those goofy, greedy assholes on Wall Street. We'll be lucky if this alone doesnt completely tank the worlds economies.
How did it get this far ?
Why was it ALLOWED to get this far ?
Where "was" the oversight ?
Is there really an dept called the SEC ?
Brace folks, the shitstorm is JUST STARTING and its gonna be a bad one
ParticipantNo worries here…..The realtor that "say's" he can sell it for higher amounts that are unrealistic and illogical will be long gone in a few months after he pisses away all of his annual advertising budget on goofy ads for those fictitiously priced listings…. The market and his limited funds will drastically shorten his time in business.
FACT:
I dont care how good a realtor is, if the customer cannot qualify for mortgage, then NO AMOUNT of creative, thinking outside the box bullshit the realtor can come up with is going to change the fact that he is not talking to a "customer" (someone CAPABLE of buying) he is talking to a time waster and is squandering his precious time….THAT realtor will move on to telemarketing soon, for his time in the business world is limited as his very business model is flawed by even talking to people who cannot close the deal for him.
So we find ourselves today actually seeing the results of outlandishly "creative finance" techniques engineered by those goofy, greedy assholes on Wall Street. We'll be lucky if this alone doesnt completely tank the worlds economies.
How did it get this far ?
Why was it ALLOWED to get this far ?
Where "was" the oversight ?
Is there really an dept called the SEC ?
Brace folks, the shitstorm is JUST STARTING and its gonna be a bad one
ParticipantNo worries here…..The realtor that "say's" he can sell it for higher amounts that are unrealistic and illogical will be long gone in a few months after he pisses away all of his annual advertising budget on goofy ads for those fictitiously priced listings…. The market and his limited funds will drastically shorten his time in business.
FACT:
I dont care how good a realtor is, if the customer cannot qualify for mortgage, then NO AMOUNT of creative, thinking outside the box bullshit the realtor can come up with is going to change the fact that he is not talking to a "customer" (someone CAPABLE of buying) he is talking to a time waster and is squandering his precious time….THAT realtor will move on to telemarketing soon, for his time in the business world is limited as his very business model is flawed by even talking to people who cannot close the deal for him.
So we find ourselves today actually seeing the results of outlandishly "creative finance" techniques engineered by those goofy, greedy assholes on Wall Street. We'll be lucky if this alone doesnt completely tank the worlds economies.
How did it get this far ?
Why was it ALLOWED to get this far ?
Where "was" the oversight ?
Is there really an dept called the SEC ?
Brace folks, the shitstorm is JUST STARTING and its gonna be a bad one
ParticipantThese clowns that are trying to "convince" themselves that they bought a house at a good deal are in fact trying to catch falling knives……The are foolish enough to believe that the market bottomed out….were a looong way from that happening…
todays buyers, will be tomorrows foreclosure victims….. as the prices continue to fall….one of the problems of shooting your wad too soon
ParticipantThese clowns that are trying to "convince" themselves that they bought a house at a good deal are in fact trying to catch falling knives……The are foolish enough to believe that the market bottomed out….were a looong way from that happening…
todays buyers, will be tomorrows foreclosure victims….. as the prices continue to fall….one of the problems of shooting your wad too soon
ParticipantIts the "Casino Royale"….You can bet everybody has a system….just like Vegas, the House will win UNTIL it collapses. Why will it collapse ?….Unlike Vegas, the major players are greedy as hell and there are a tremendous amount of them, at least the mafia has more self control of greed than these traders and there are a lot less "House Controllers"…
On a level playing field, you might have a semblance of a chance, if you follow fundamentals and have a limit loss program… but on a hugely manipulated market (large intentional hedge fund moves, Big House Pump and Dumps, IE Cramer…short squeezes, PPT) like we have today, you have about the same odds as a "decent" card player has in Sin City. And lets not forget, the Street has perma bulls in their control of the media and whats reported to the "retail investor". I have studied it for years.
If you can find a stock or fund that is NOT manipulated because its not a High Flyer, then you can make the process work for you, if you trade the trends on the big boys, you'll get your tit caught in the wringer more times than you will win….until you eventually lose your stomach for this type of serious risk … or you go broke.
Right now, lam long on surfboard wax and diesel fuel for fishing… sitting on the sidelines in cash positions. When this silliness shakes out I "might" come back and play a little. But only with lunch money, not the rent money. I haven't taken a Tums antacid since my last puts scored in 05'….sleep like a baby too. lam liking 5.07%ROI with NO risk.
ParticipantIts the "Casino Royale"….You can bet everybody has a system….just like Vegas, the House will win UNTIL it collapses. Why will it collapse ?….Unlike Vegas, the major players are greedy as hell and there are a tremendous amount of them, at least the mafia has more self control of greed than these traders and there are a lot less "House Controllers"…
On a level playing field, you might have a semblance of a chance, if you follow fundamentals and have a limit loss program… but on a hugely manipulated market (large intentional hedge fund moves, Big House Pump and Dumps, IE Cramer…short squeezes, PPT) like we have today, you have about the same odds as a "decent" card player has in Sin City. And lets not forget, the Street has perma bulls in their control of the media and whats reported to the "retail investor". I have studied it for years.
If you can find a stock or fund that is NOT manipulated because its not a High Flyer, then you can make the process work for you, if you trade the trends on the big boys, you'll get your tit caught in the wringer more times than you will win….until you eventually lose your stomach for this type of serious risk … or you go broke.
Right now, lam long on surfboard wax and diesel fuel for fishing… sitting on the sidelines in cash positions. When this silliness shakes out I "might" come back and play a little. But only with lunch money, not the rent money. I haven't taken a Tums antacid since my last puts scored in 05'….sleep like a baby too. lam liking 5.07%ROI with NO risk.
ParticipantI look at the govt as a "Father Figure" of the country, people are allowed to make their mistakes but when a group of shysters put together these weapons of mass financial destruction like we've seen in the credit industry coupled with wall streets pimping of these "stocks" CDO's, MBO's etc…etc….at that point the govt, in all of its infinite wisdom, experience and candor should and MUST protect the population and the country et al from these greedy, dangerous predators…But they didnt and NOW we have a HUGE failure that will ROCK the worlds economies…one must at least wonder if it was all pre planned ?….
The govt politicians (Congress and Senate) should be held personally and criminally liable for their negligence of enforcing laws that are ALREADY on the books….SEC turning a blind eye on their enforcement jobs comes to mind.
but who will watch the watchers ?
If the govt were analogously the parents of young, naive, vulnerable children, then they would be thrown in jail for child abuse and neglect…….
Who will hold their feet to the fire of their failures ?
I'll tell you who, the American worker who's retirement pension or 401K was the "play money" that wall street used to cook up this scam for the last 5-6 years…….When 20 million people find out they will have to work as a "Wal Mart" greeter instead of tooling around the country in their motor home or gorging themselves on 24 hr buffets on cruise ships while leisurely traveling to places like the Bahamas…THEN there will be hell to pay……The collapse that is in inevitably coming, could be the start of a financial revolution.
What do you think of this ?
How mad would YOU be if your suddenly broke and 62 yrs yrs old ?….
No retirement, minimal savings and no future prospects and OLD……dire straits indeed.
As the old Chinese proverbs states:.."May you live in interesting times"
Its gonna be damned interesting in the next several years amigo's
ParticipantI look at the govt as a "Father Figure" of the country, people are allowed to make their mistakes but when a group of shysters put together these weapons of mass financial destruction like we've seen in the credit industry coupled with wall streets pimping of these "stocks" CDO's, MBO's etc…etc….at that point the govt, in all of its infinite wisdom, experience and candor should and MUST protect the population and the country et al from these greedy, dangerous predators…But they didnt and NOW we have a HUGE failure that will ROCK the worlds economies…one must at least wonder if it was all pre planned ?….
The govt politicians (Congress and Senate) should be held personally and criminally liable for their negligence of enforcing laws that are ALREADY on the books….SEC turning a blind eye on their enforcement jobs comes to mind.
but who will watch the watchers ?
If the govt were analogously the parents of young, naive, vulnerable children, then they would be thrown in jail for child abuse and neglect…….
Who will hold their feet to the fire of their failures ?
I'll tell you who, the American worker who's retirement pension or 401K was the "play money" that wall street used to cook up this scam for the last 5-6 years…….When 20 million people find out they will have to work as a "Wal Mart" greeter instead of tooling around the country in their motor home or gorging themselves on 24 hr buffets on cruise ships while leisurely traveling to places like the Bahamas…THEN there will be hell to pay……The collapse that is in inevitably coming, could be the start of a financial revolution.
What do you think of this ?
How mad would YOU be if your suddenly broke and 62 yrs yrs old ?….
No retirement, minimal savings and no future prospects and OLD……dire straits indeed.
As the old Chinese proverbs states:.."May you live in interesting times"
Its gonna be damned interesting in the next several years amigo's
ParticipantIt aint gonna happen…..My bet is he protects the dollar and says to hell with the auto makers and dealers, as with most ALL other industries in this country.
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