I totally loved the 1/2 point rate cut that resulted in a lame ass rally and ended the day even more down.

Scary though, the Dow was @ 9600 in 1998. So if you "bought and held" for the last 10 years you are just about even if you include the dividends.

Actually I'm looking to take some profit. Something is telling me that the market will actually give us a bear market rally sometime soon. Then of course this will still ultimately end lower, especially with those evil short selling guys coming back very soon due to the expiration of the temporary rule change.

Yea, another day another Doom post. I think my Halloween costume should be me going to the party as (e:vycious)

Yea, I'm loving this drop, although in reality it is just going to finance a great vacation or two and not get me ahead in the long run. I should be buying a house on cash, but actuallly right now to be honest I'm not sure I would be absolutely confident in cash holdings right now. I'm pretty convinced that by the end of the year we will have a message like this from a local U.S. Bank

A notice on Icesave's website said:

We are not currently processing any deposits or any withdrawal requests through our Icesave internet accounts. We apologise for any inconvenience this may cause our customers. We hope to provide you with more information shortly.

http://news.yahoo.com/s/ap/20081007/ap_on_re_eu/eu_iceland_meltdown
Too bad you can't pay your utility bill or buy groceries.

With Great Depression 2 here and in your face I just don't see how Obama can lose the election without 1. An Israeli Incident or 2. The G.O.P. finding that skeleton proving something like he is not actually being a U.S. Citizen or some similar crazy internet rumor being proven true beyond a shadow of a doubt.

The debate was actually boring. I went over to my friend's house and we watched it on Bloomberg. Reading the New Flashes of the Asian Markets falling to new lows was more interesting to us than the recycled campaign stumps. Plus Tom Brokaw just kind of lost control at one point.

So, yea we're all F'ed. Take some money out of the bank and stuff it in your mattress just in case your account is frozen for a period of time so you don't go hungry or without lights and enjoy the next 3 weeks as McCain goes into "I'm DOLE, I'm DOLE, because I'm DOLE" Mode Is it me or is he just going to mail it in at this point? Then again does he really have a leg to stand on given our current economic situation? People vote democratic in economic clusterfuck times, period.

I was a bit surprised to see that they have some new stuff coming out. At least that is my conclusion form seeing them on SNL the other night. That makes me pretty happy. It almost is edging me to take another trip to Vegas soon.


Watch it before NBC Universal yanks it.

Too Funny

I was watching CNN who had a screen shot of C-SPAN and the market in another corner. The Dow was climbing up as more votes moved to the magic number of "218" Then as soon as it hit the market started to reverse from +296 orgasm almost straight down to -157 for the day. I guess it was a case of "Buy the Rumor and Sell the News!"

So I guess this isn't going to save everyone's 401K plans after all, since the market has sunk to a new low level matching Oct of 2005. Really we are going to look back at this attempt and sigh. Spending 700 Billion on some New Deal infrastructure project would have been so much better than the pork and other crap that was added to successfully tempt people to switch their vote.

The tough times have now officially arrived.

Shit, after today if you're buying any kind of stock you better be on the 2013 Plan according to Cramer

We're on on the other side for sure. To me it's just a matter of time before people totally start to panic and lose it. By the end of the year we should start seeing bank runs or attempts at it. The kicker is that when the banks decide when and how much they will give you back the money you deposited and people freak, you we will shit that only my Grandparents saw in Poland/Germany during WW2. I know Ron Paul is kind of a shit disturber but I did find this explanation of the real "Bailout Bill" had deep down inside of the language just frightening. Frankly it makes me want to stuff my mattress. After a day like today it's only a matter of months now.

Society is just going to be ugly next year and beyond. You haven't seen the beginning of the stress in marriages from the 8%-12% unemployment we are going to see shortly or the people that though they were going to have a nice sunset into their golden years. People may not even make it when they react like this

Then again there may be violence that most people will feel that is justified, when a guy cold cocked a Lehman Douchebag


So, I made $2,000 today outside of my job. It's not going to be like I'm going to retire on it or anything. Maybe I should listen to the Pope

The point is that the opportunity to make money on the downside is ending. At the end of the day the most you can make is when it hits 0. Yea, you can own a stock in a bull market and your profits theoretically could be infinite, but at the same time the "infinite growth" that we have been experiencing for the last 25 years has abruptly ended. I content that this "growth forever" in stocks or real estate is bunk, because we live in a finite world. All of this debt paid by more debt was a house of cards and it now has crashed down.

Deep down I think the real cynic in me knew that "they" wouldn't let the baby boomer retire millionaires. There just isn't' enough peope underneath them to keep the ponzi scheme going. I just cringe when I hear all the financial guys yap about "putting money away in your 401k for the long term, especially when you're young." Don't these people know that it took until 1957 to recover from 1929 and actually in reality 1961 when you factor in inflation? That's 32 Freaking years just to get even, let along making any return on your investment. We may be at the same point soon. Crap how many people even recently though about the "long term" when they look at their NASDAQ stocks? Remember 5000 on that exchange in March of 2000? OK it's all time high was 4572 but still 1862 today's close is a long way from that point. If you believe that B.S. I have some JDSU, LUcent or CIENa to sell you...if you have 25-30 years to wait to get your money back!!!