[stockstradr]

I just comment that I agree with most of the responses to urbanrealtor’s post.

That is I think urbanrealtor’s reply in this thread is moronic.

My prediction is that when this bail out plan passes, we’ll see at least a 10% Fool’s Rally, guaranteed.

After that, the next stock market big tumble (to MUCH LOWER LEVELS than current) occurs when economic data arrives confirming this is very deep protracted nasty recession.

So, I see the stock market twelve months from now as being, for example, 20% lower from current values.

If this 700B piece of pork doesn’t pass vote, then all hell breaks loose.

[stockstradr]

I just comment that I agree with most of the responses to urbanrealtor’s post.

That is I think urbanrealtor’s reply in this thread is moronic.

My prediction is that when this bail out plan passes, we’ll see at least a 10% Fool’s Rally, guaranteed.

After that, the next stock market big tumble (to MUCH LOWER LEVELS than current) occurs when economic data arrives confirming this is very deep protracted nasty recession.

So, I see the stock market twelve months from now as being, for example, 20% lower from current values.

If this 700B piece of pork doesn’t pass vote, then all hell breaks loose.

[stockstradr]

I just comment that I agree with most of the responses to urbanrealtor’s post.

That is I think urbanrealtor’s reply in this thread is moronic.

My prediction is that when this bail out plan passes, we’ll see at least a 10% Fool’s Rally, guaranteed.

After that, the next stock market big tumble (to MUCH LOWER LEVELS than current) occurs when economic data arrives confirming this is very deep protracted nasty recession.

So, I see the stock market twelve months from now as being, for example, 20% lower from current values.

If this 700B piece of pork doesn’t pass vote, then all hell breaks loose.

[stockstradr]

Just wanted to comment that after thinking my post over, I now agree with peterb.

So I no longer agree with the part of my original thread suggesting BUYING A HOUSE NOW. I agree with peterb that it is much smarter to HOLD on any major financial decisions and watch to see which direction this financial meltdown goes.

The odds of a true 0% CPI in the next 6 months are now very good due to the huge commodities price drop in the prior 6 months.

I also COMPLETELY agree with that. The more I read this peterb, the more I respect his opinions

[stockstradr]

Just wanted to comment that after thinking my post over, I now agree with peterb.

So I no longer agree with the part of my original thread suggesting BUYING A HOUSE NOW. I agree with peterb that it is much smarter to HOLD on any major financial decisions and watch to see which direction this financial meltdown goes.

The odds of a true 0% CPI in the next 6 months are now very good due to the huge commodities price drop in the prior 6 months.

I also COMPLETELY agree with that. The more I read this peterb, the more I respect his opinions

[stockstradr]

Just wanted to comment that after thinking my post over, I now agree with peterb.

So I no longer agree with the part of my original thread suggesting BUYING A HOUSE NOW. I agree with peterb that it is much smarter to HOLD on any major financial decisions and watch to see which direction this financial meltdown goes.

The odds of a true 0% CPI in the next 6 months are now very good due to the huge commodities price drop in the prior 6 months.

I also COMPLETELY agree with that. The more I read this peterb, the more I respect his opinions

[stockstradr]

Just wanted to comment that after thinking my post over, I now agree with peterb.

So I no longer agree with the part of my original thread suggesting BUYING A HOUSE NOW. I agree with peterb that it is much smarter to HOLD on any major financial decisions and watch to see which direction this financial meltdown goes.

The odds of a true 0% CPI in the next 6 months are now very good due to the huge commodities price drop in the prior 6 months.

I also COMPLETELY agree with that. The more I read this peterb, the more I respect his opinions

[stockstradr]

Just wanted to comment that after thinking my post over, I now agree with peterb.

So I no longer agree with the part of my original thread suggesting BUYING A HOUSE NOW. I agree with peterb that it is much smarter to HOLD on any major financial decisions and watch to see which direction this financial meltdown goes.

The odds of a true 0% CPI in the next 6 months are now very good due to the huge commodities price drop in the prior 6 months.

I also COMPLETELY agree with that. The more I read this peterb, the more I respect his opinions

[stockstradr]

ltokuda,

http://piggington.com/roubini_on_the_current_economic_situation_with_predictions

That thread explains how to get access to that MP3 audio file of the teleconference.

Personally, I like the bail out proposal that Roubini explains as one of many topics in that teleconference

[stockstradr]

ltokuda,

http://piggington.com/roubini_on_the_current_economic_situation_with_predictions

That thread explains how to get access to that MP3 audio file of the teleconference.

Personally, I like the bail out proposal that Roubini explains as one of many topics in that teleconference

[stockstradr]

ltokuda,

http://piggington.com/roubini_on_the_current_economic_situation_with_predictions

That thread explains how to get access to that MP3 audio file of the teleconference.

Personally, I like the bail out proposal that Roubini explains as one of many topics in that teleconference

[stockstradr]

ltokuda,

http://piggington.com/roubini_on_the_current_economic_situation_with_predictions

That thread explains how to get access to that MP3 audio file of the teleconference.

Personally, I like the bail out proposal that Roubini explains as one of many topics in that teleconference

[stockstradr]

ltokuda,

http://piggington.com/roubini_on_the_current_economic_situation_with_predictions

That thread explains how to get access to that MP3 audio file of the teleconference.

Personally, I like the bail out proposal that Roubini explains as one of many topics in that teleconference

[stockstradr]

so…if we are going into a recession…how best to we prepare for it?

This very weekend my wife and I are going through ALL our expenses. We are not rich people.

We are starting with the prudent assumption that at least one of us probably could lose our job during next eighteen months due to lay offs.

We are cutting out every non-essential housing expense from Sat TV, to expensive foods, to not using the AC. I’m embarrassed to write that it took fear of recession for me to finally this weekend replace every incandescent light in the house with low-power compact florescent bulbs. I should have done that years ago!

I’m starting to ride bike to the snail rail (Silicon Valley’s lame mass transit) then ride that to work each day instead of drive. It was costing me $350/month to drive to work.

Fortunately we are NONtypical Americans in that we: 1) have NO DEBT load, except for a $800/mnth mortgage payment for our China home. 2) Don’t have a big fat USA mortgage payment; we rent. 3) Dual-income earning family.

Our personal challenge is that we have only some cash easily accessible in our bank accounts; the rest is locked in ROTH and 401K.

I believe CA max unemployment payment is about $1800/month, assuming your salary prior to lay off was high enough.

[stockstradr]

so…if we are going into a recession…how best to we prepare for it?

This very weekend my wife and I are going through ALL our expenses. We are not rich people.

We are starting with the prudent assumption that at least one of us probably could lose our job during next eighteen months due to lay offs.

We are cutting out every non-essential housing expense from Sat TV, to expensive foods, to not using the AC. I’m embarrassed to write that it took fear of recession for me to finally this weekend replace every incandescent light in the house with low-power compact florescent bulbs. I should have done that years ago!

I’m starting to ride bike to the snail rail (Silicon Valley’s lame mass transit) then ride that to work each day instead of drive. It was costing me $350/month to drive to work.

Fortunately we are NONtypical Americans in that we: 1) have NO DEBT load, except for a $800/mnth mortgage payment for our China home. 2) Don’t have a big fat USA mortgage payment; we rent. 3) Dual-income earning family.

Our personal challenge is that we have only some cash easily accessible in our bank accounts; the rest is locked in ROTH and 401K.

I believe CA max unemployment payment is about $1800/month, assuming your salary prior to lay off was high enough.

[Author]

Posts