Why the stock market hasn't bottomed

re: Why the stock market hasn't bottomed

mike glavin — Fri, 10 Oct 2008 01:25:35 GMT

corporate greed on the top and crime on the bottom have acted in concert to put joe lunch bucket in a vice and the candidates are talking about bs like roe vs wade and stem cell research which is irrelevant bs thats why i retired at 49 icant wake up every am and play this losing game any more playing wall st. for all you losers is like going to the track with two dollars and the daily racing form cost 6 youre _4before you hit the door stop electing crooked pols put your money in fixed annuities and precious metals and if its not attached to your freaking body sell it!!!!!!!!!!!!!!

re: Why the stock market hasn't bottomed

Burn the Market — Thu, 10 Jul 2008 01:46:13 GMT

It is plain and simple - it is time for the stock market to end. I wonder what it would take for every company to "buy back" all their shares and say enough playing around - if I need money I'll borrow from a real bank rather than suckering in the foolish public. I'm serious - how could we close the doors in a controlled manner? Think about it - why do we have it? Why do we play it? And why do we keep going back to it? (Greed and stupidity).

re: Why the stock market hasn't bottomed

john lazarin — Thu, 03 Apr 2008 05:32:31 GMT

The Government is play a shell game with the market.

The government is trying to create a nannystate

whereby tails they win and heads we win!!!!

Oh! UTOPIA!!! I get it! (sarcastic remark)

I'm going to get the last $20 I have and put it in the

stock market because ultimately the government is

going to bail me, you and everyone else out!!

What a great concept!!!! Thank you! Uncle Sam

Who needs to go to Las Vegas when I can go to Wall Street

and win for sure!! 100%

re: Why the stock market hasn't bottomed

Raymond — Wed, 26 Mar 2008 10:52:37 GMT

No, not bottom yet but on a ledge trying to climb back again- with bare hands and feet. May have to roll down some more in order to get back to climbing mode.

re: Why the stock market hasn't bottomed

powman — Wed, 26 Mar 2008 02:56:14 GMT

srew wall street and stocks and that other control of yours and invest in cash,gold,silver and other metals,weat,corn etc.

re: Why the stock market hasn't bottomed

Diversify — Sat, 22 Mar 2008 04:39:04 GMT

So far market rallied only upon huge supporting events driven by the Fed and optimizams created by Fed/govt by pumping almost a trillion dollars in various forms like tax cuts,varius bail outs,liquidity pumping,mortgage pumping,generous CDO exchange for money,Increasing forclosure writedown gap to 3 months, moving more Government pentions into stock investments,reckless reduction in interest rates,extending Fed lending to brokerages/Non-prime finantials to help them to continue the gambling so that market shall not crash until the elections are done, generous government spending etc... Please note that the market by it self did not even attempt to rally based on market valuation or fundamentals.

The spectacular growth that happened in last 2 decades is based on 4 major pillars and all the pillars are collapsing.

1) Home equity appreciation and innvative ways to spend the equity. Most of that

equity has been spent and we realize that the equity was not real...

2) Reckless lending and continuous spree of spendning based on reckless lending.

Every one got an unaffordable home,couple of cars,spent lot of money on home improvements under illusion that the wealth appreciation is real. Now all of sudden banks realized the mistake and not giving any further loans and consumer realized and not spending any more..That extra growth that was there because of reckless lending and reckless spending is vanishing. The credit contraction continues no matter what Fed does.

3) Huge wealth appreciation in the form of stocks, 401k, real estate based on illusion that the growth is there for ever. With growth coming to stall,These wealth appreciations have started to depreciate decreasing the consumer power to spend. The fear of recession is making companies to spend less and cut jobs. The fear is making consumer to spend with caution..

4) Huge money supply(sloshing oceans of money) helped the market . This is drying up now. The investors, lendors are taking side lines. Too much money is

held up in the form of mortgage based instruments which are depreciating. even if

a small chance come, every one wants to take their money out.

The fundamentals are very dire. You see the effects will be visible very slowly over a period of 2 years. But every fool thinks he can make some body else the fool.

Market thinks this is simply a small subprime defaults issue. But the subprime defaults is only an explicit symtom and not the cause. The cause is that world wide, The exhausted consumers does not have the same capacity to spend/pay.

In case of subprime this manifests as defaults/forclosures. In case of prime this manifests as less spending.

re: Why the stock market hasn't bottomed

concerned — Sat, 22 Mar 2008 02:49:44 GMT

I don,t know the markets can move with all the ceo,s and other directors of these companys insider traders selling millions of dollers worth of their stock.

re: Why the stock market hasn't bottomed

Robert Tauckus — Sat, 22 Mar 2008 02:33:53 GMT

What the Hell is the Fed trying to do? Are they trying to make Japan our model? Low interest rates, and at times negative rates, didn't work in Japan. The markets in Japan have been dead for about 15 years.

Who bails me out when I make a bad investment decision? Who bails out other small businessmen? Nobody! We lose.Who bailed out Enron?

Bear Stearns employs about 14000 people. Big deal. Millions of us are going to see our incomes reduced,especially senior citizens on fixed incomes,because of the lower interest rates on CD's and other debt instruments. I know many seniors whose major asset is their home. I'm President of a senior club.Not only is their income reduced,but their major expenses are food and energy. But to the funny money crowd on Wall Street that doesn't matter. Only Core of the CPI matters. Right Ace! The Fed and Wall Street are out of touch. I really think they want to eliminate interest as a form of capitalism. The Fed wants to not only bail out Bear Stearns but the real estate speculators and those individuals who don't want to be held accountable for their actions when they took out these sub prime mortgages. Any American who has always paid his bills should be sick at this Funny Money (that is what Ronald Reagan called easy money) bailout.I say let's let the Funny Money Crowd at Bear Stearns and other so called Investment Banks hit the sidewalks and look for another job.

And one other point that is not been brought up much is that the weak dollar has allowed many foreigners to buy up big chunks of the USA(City Bank, Merrill Lynch, real estate etc. Thats all I have. Bob

re: Why the stock market hasn't bottomed

RIchard Heyerdahl — Sat, 22 Mar 2008 01:08:08 GMT

Jon, I have observed in the past few months that your letters and attitudes seem to be constantly very negative, and it makes it very difficult to have some idea of what to do in a positive way in this type of a market. All cash? Bonds? A week or two ago you said that we should have no more than one third of our portfolio in equities--Does this still stand in your opinion? Also, a week ago you said in a newsletter that we should sell our portfolio while we still could--Any comments on this statement?

re: Why the stock market hasn't bottomed

Clint Burdette — Sat, 22 Mar 2008 01:04:23 GMT

The congress of the United States is greeds' whore- It's always been that way. Ever since the politicians stole the food at Valley Forge. Power corrupts and absolute power corrupts absolutly.

Now is the time for all good Americans to unelect the encumbents in Washington; and continue to to so every two years untill they admend the constituion with 2 four year term limits; with one term off in between service in the other house. Believe me it will not take long for them to act in thier own self-interest. Of this you can be sure. There is only one political party in this country: The I'm going to keep my soft money and my re-election campainge fund thank-you very much party!