Yea, I'm a bit surprised that the numbers for the Dow and Nasdaq worked out so nice. The only time I can remember closing numbers being so freaky is when the U.S. went into Bosnia & the Dow closed @ 10,666. Actually thinking back to that time wasn't it the Clinton administration ? Wait someone did talk about the Clinton administration today:
There is some validity in the speech, but at the same time a lot of stuff was sure left out as to how we ended up at this place in the recent past. This video is for the most part a McCain campaign ad, but it does bring up one point. The GSE's that were protected by the democrats in committee here were NEVER under SOX or Sarbaines-Oxley that little Accounting law that was intended to prevent things like this from ever happening after Enron.
So all I'm saying is that both parties are to blame and nothing that was done 6 months or a 1 year ago caused this to all happen. Also 40% of the Democrats voted AGAINST the bill. Did she say the things above just to get a word of spit in knowing that the whole thing was dead at that point? What happened to the new era of post-partisanship?
Vincent's Journal
My Podcast Link
09/30/2008 00:34 #45856
-777 & -199Category: finance
09/29/2008 09:41 #45836
Are there any banks left?Category: finance
To play on the downside that is...
Wachovia gets taken out
The ironic part is that at the end of the day it was worth pennies. Which totally pissed me off in the sense that this whole "Get Shorty" thing with the markets is just a big central planning lie. In reality short sellers are just playing a game of "I Call Bullshit" on a grand scale. Now that it's monday how can anyone say that the company really deserved to be trading at 19.71 as recently as 9/8/2008??? The thing was just as overpriced as a house on the coasts.
Wachovia gets taken out
The ironic part is that at the end of the day it was worth pennies. Which totally pissed me off in the sense that this whole "Get Shorty" thing with the markets is just a big central planning lie. In reality short sellers are just playing a game of "I Call Bullshit" on a grand scale. Now that it's monday how can anyone say that the company really deserved to be trading at 19.71 as recently as 9/8/2008??? The thing was just as overpriced as a house on the coasts.
metalpeter - 09/29/08 18:41
There are lots of banks still around. On a side note maybe I'll do a post about it but I think the bail out is the wrong thing to do.
There are lots of banks still around. On a side note maybe I'll do a post about it but I think the bail out is the wrong thing to do.
mrmike - 09/29/08 10:39
I saw Jim Kramer this morning on the today show and it looked like he had been sedated. I have a car loan with Wachovia and I can't help but wonder will own the loan in the coming days.
I saw Jim Kramer this morning on the today show and it looked like he had been sedated. I have a car loan with Wachovia and I can't help but wonder will own the loan in the coming days.
09/28/2008 02:01 #45818
R.I.P. Paul NewmanCategory: celebrity
I recieved a text tonight from my friend in Las Vegas that I am in a Fantasy Hockey League with saying he was going to just watch over and over again tonight the movie Slap Shot
Yes, Paul Newman had a great career and also kick ass Salad Dressing. But it's the role of Reggie 'Reg' Dunlop that really blew me away as a kid watching the movie on WUTV Ch 29 some random evening in the mid to late 80's
Then again most people just remember the Hanson Brothers. Well, here's a clip that kid of combines the two...
Yes, Paul Newman had a great career and also kick ass Salad Dressing. But it's the role of Reggie 'Reg' Dunlop that really blew me away as a kid watching the movie on WUTV Ch 29 some random evening in the mid to late 80's
Then again most people just remember the Hanson Brothers. Well, here's a clip that kid of combines the two...
09/25/2008 23:15 #45796
Political Games & WaMu R.I.P.Category: finance
I just love it when the political and financial worlds collide. The sad part is all of this has become a game or many at once.
So in the last 24 hours we have a game of chicken in regards to the debates. Are they going to go down to Ole Miss and debate tomorrow? Will the just say screw it and have something on the spot right in D.C., i mean why bother hopping on a private jet at that point? The logistics would be pretty brutal for either candidate. This has almost gotten to the point of reminding me of "wrasslin" back in the day when it was descent, during the Monday night wars. When the seed of doubt would be planted if such and a such wrestler would show up on Nitro/Raw. Some sick part of me can see John McCain busting in on Obama's 1 hour free commercial right @ :49 past the hour. You know the whole, shot of the limo on the jumbotron and then suddenly an emergence from the crowd. It's is just so mind boggling to think of the different angles being played in regards to posturing for the presidential election, along with the party values of the extreme wings. Just flipping on cable news you seen Barney Frank giving one update and Richard Shelby giving another on another channel. How could you even being to think that Bush would let either McCain or Obama get in the mix of this insanity and take away any credit in helping with this "Bi-Partisan" effort.
Plus just when you think things get worse, we play "Deal or No Deal" with the whole Wall St Bail Out thing. We then have a middle of the night, bank failure with Washington Mutual going under. So it now becomes the "biggest bank failure", hey wait a minute wasn't Indymac the "biggest bank failure?"
I just though that I couldn't talk about this crap anymore until after the election, but it keeps getting more insane by the day.
So in the last 24 hours we have a game of chicken in regards to the debates. Are they going to go down to Ole Miss and debate tomorrow? Will the just say screw it and have something on the spot right in D.C., i mean why bother hopping on a private jet at that point? The logistics would be pretty brutal for either candidate. This has almost gotten to the point of reminding me of "wrasslin" back in the day when it was descent, during the Monday night wars. When the seed of doubt would be planted if such and a such wrestler would show up on Nitro/Raw. Some sick part of me can see John McCain busting in on Obama's 1 hour free commercial right @ :49 past the hour. You know the whole, shot of the limo on the jumbotron and then suddenly an emergence from the crowd. It's is just so mind boggling to think of the different angles being played in regards to posturing for the presidential election, along with the party values of the extreme wings. Just flipping on cable news you seen Barney Frank giving one update and Richard Shelby giving another on another channel. How could you even being to think that Bush would let either McCain or Obama get in the mix of this insanity and take away any credit in helping with this "Bi-Partisan" effort.
Plus just when you think things get worse, we play "Deal or No Deal" with the whole Wall St Bail Out thing. We then have a middle of the night, bank failure with Washington Mutual going under. So it now becomes the "biggest bank failure", hey wait a minute wasn't Indymac the "biggest bank failure?"
I just though that I couldn't talk about this crap anymore until after the election, but it keeps getting more insane by the day.
jason - 09/29/08 12:50
The craziest part of this mess is that the foxes are watching over the hen house!! Unreal!!
The craziest part of this mess is that the foxes are watching over the hen house!! Unreal!!
09/22/2008 23:16 #45766
Crap, Oil's up againCategory: finance
So enjoy filling up under $4 a gallon. That isn't going to last for too long...
I guess what's good for Wall St isn't good for Main St
This is why you need Shorts in any market. Look what happens when they are forced to cover their positions.
I guess what's good for Wall St isn't good for Main St
This is why you need Shorts in any market. Look what happens when they are forced to cover their positions.
heidi - 09/23/08 19:26
- blink* of course what's good for wall street isn't good for main street... the goals and needs of those populations are rather incompatible. Main Street looks out for the long term.
morgan - 09/23/08 16:24
My dream to own a scooter gets more and more responsible sounding every day. Sweet.
My dream to own a scooter gets more and more responsible sounding every day. Sweet.
tinypliny - 09/23/08 16:22
Its actually so cheap here, it makes me blink in disbelief when people freak out over the price. Its almost triple the new amount back home. It has been super-expensive for a VERY long decade now.
Its actually so cheap here, it makes me blink in disbelief when people freak out over the price. Its almost triple the new amount back home. It has been super-expensive for a VERY long decade now.
Nan is just being a good team player.
Pelosi is a ridiculous lady.
She's been pretty useless considering she might have been able to claim a change mandate in 06. She walked into her own trap with this address