MrHanky Posted January 31, 2009 Report Share Posted January 31, 2009 Holy cr@p!....GE sportin a 9.2% divvy now.... Touching it's lowest level since 1995.14 years of "investors" wiped out. How long till they slash the divvy and the stock really starts to tank...More Link to comment Share on other sites More sharing options...
kaotic Posted January 31, 2009 Report Share Posted January 31, 2009 I don't mean to brag, I don't mean to boastbut I like hot butter on my breakfast toast... Perfect count. I have 590-620 target within weeks. Link to comment Share on other sites More sharing options...
Pretzel Logic Posted January 31, 2009 Report Share Posted January 31, 2009 http://wallstreetexaminer.com/2009/01/30/v...ion-fed-report/ EXCELLENT report, Doc. And more than a little scary. Thanks for your tireless efforts to keep us informed of the Fed's machinations. If you don't already subscribe to Doc's service, you need to. Do it. Do it now. Link to comment Share on other sites More sharing options...
ChicagoBear Posted January 31, 2009 Report Share Posted January 31, 2009 EXCELLENT report, Doc. And more than a little scary. Thanks for your tireless efforts to keep us informed of the Fed's machinations. If you don't already subscribe to Doc's service, you need to. Do it. Do it now. With all the financial dominos toppled, there is only one left to fall. It's only a matter of time. Link to comment Share on other sites More sharing options...
mdporter Posted January 31, 2009 Report Share Posted January 31, 2009 Marta Sanchez and her husband bought their Panorama City house in April of 2006, their hearts beaming with hope and high expectations. "We could finally say, 'this is ours' and stop throwing our money away in rent," Sanchez says, recalling the excitement at the time. "We didn't know this catastrophe was coming - that property values would plummet and the economy would be like this," she says. Since their loan from Countrywide Financial adjusted last June, the Sanchez's have not been able to keep up with the $5,000 monthly for their three-bedroom house. "We've only been paying interest on our home for the last two years. We haven't even begun to cover the principal, so in a way it's like renting. And for $5,000 we could be renting a house in Beverly Hills," she said. Sanchez and her husband knew money would be tight and sacrifices would have to be made when they bought their home for $465,000 in 2006. Their housing payment would go up from a $550 rent to a mortgage of $4,049, but they felt confident that with their steady income they could pull it off. They also felt confident that, though their loan from Countrywide would adjust up in two years, their home would go up in value and with equity in the property, they would refinance. But their house is now valued at $274,000 and, not being able to refinance, their monthly payments have shot up more than $1,000 dollars. Doc, do you still think that dumbshits like this deserve a cramdown at the expense of investors or taxpayers? They can't even do simple math, like figuring out that paying $48,000 a year on interest is way more money than their $6,600 a year rent payment, and that they could have put the other $41,400 a year away in savings. Let's not even go into the fact that they couldn't figure out that they couldn't cover the entire PITI with their paychecks. Link to comment Share on other sites More sharing options...
ChicagoBear Posted January 31, 2009 Report Share Posted January 31, 2009 Considering the prospects for a complete financial collapse, maybe this would be a good weekend to discuss "emergency preparedness." Sure trading GM and C to zero will be fun, but what are the real life implications? What will there be to do after they're gone? I'm curious what steps others have taken to survive during a period where the financial system is kaput and the government has no credibility or power (i.e. money)? What are you (we) going to do when our gobs of cash (debt) go bad? I know Doc acted on his research of the housing bubble. If you don't mind sharing, what steps have you taken to prepare for this impending collapse? I'm not necessarily looking for advice - just curious what others are doing and am willing to share notes. Preparedness means getting ready before a catastrophic event. I'd hate to find out any stoolie was not prepared and ends up in trouble. Link to comment Share on other sites More sharing options...
mdporter Posted January 31, 2009 Report Share Posted January 31, 2009 Dow closed below 200 month MA for 1st time since 1982.... Wow, next big support is at the 50% off mark at 4100!!! Link to comment Share on other sites More sharing options...
Pretzel Logic Posted January 31, 2009 Report Share Posted January 31, 2009 Considering the prospects for a complete financial collapse, maybe this would be a good weekend to discuss "emergency preparedness." Sure trading GM and C to zero will be fun, but what are the real life implications? What will there be to do after they're gone? I'm curious what steps others have taken to survive during a period where the financial system is kaput and the government has no credibility or power (i.e. money)? What are you (we) going to do when our gobs of cash (debt) go bad? I know Doc acted on his research of the housing bubble. If you don't mind sharing, what steps have you taken to prepare for this impending collapse? I'm not necessarily looking for advice - just curious what others are doing and am willing to share notes. Preparedness means getting ready before a catastrophic event. I'd hate to find out any stoolie was not prepared and ends up in trouble. I guess I'm a little vague on what the aftermath of a financial collapse here in the US of A would even LOOK like... so I'm not quite sure how exactly to prepare for it. That's part of what's scary... but at the same time, I can't see us turning into a 3rd world country overnight. What are your thoughts? What does a post-financial collapse USA look like? Link to comment Share on other sites More sharing options...
POTUS Posted January 31, 2009 Report Share Posted January 31, 2009 Escape from America Link to comment Share on other sites More sharing options...
roxy Posted January 31, 2009 Report Share Posted January 31, 2009 Anyone looking for some good eats during the superbowl might try THE BACON EXPLOSION! a 1 lb layer of bacon a 2 lb layer of italian sausage another 1 lb layer of bacon seasoning & sauce all rolled-up into a log and smoked 5000 calories and 500 g. fat Yummy! I'm going to try it this weekend. recipe: http://www.bbqaddicts.com/bacon-explosion.html I skept superbowl last year. I'm not sure I'll make it this year as well. Rules still the same? Kicking the ball left and right? Link to comment Share on other sites More sharing options...
BusKow Posted January 31, 2009 Report Share Posted January 31, 2009 The administration is working on proposals for how it will use the last $350 billion from the rescue program. Some of the measures being considered could end up costing taxpayers hundreds of billions of dollars beyond the original $700 billion pricetag. meltdown_geithner Link to comment Share on other sites More sharing options...
Charmin Posted January 31, 2009 Report Share Posted January 31, 2009 On the lighter side, how about a wingsuit http://vimeo.com/1778399 Link to comment Share on other sites More sharing options...
kaotic Posted January 31, 2009 Report Share Posted January 31, 2009 What are your thoughts? What does a post-financial collapse USA look like? Time to revisit and watch the Running Man to get a glimpse of what things will look like. "In 2017, the economy has collapsed and society has become a police state, censoring all cultural activity. The government pacifies the populace by broadcasting a number of game shows in which convicted criminals fight for their lives. The most popular and sadistic of these shows is The Running Man, hosted by the ruthless Damon Killian (Richard Dawson)." http://en.wikipedia.org/wiki/The_Running_Man_(film) Link to comment Share on other sites More sharing options...
Slappy Posted January 31, 2009 Report Share Posted January 31, 2009 I skept superbowl last year. I'm not sure I'll make it this year as well. Rules still the same? Kicking the ball left and right? Nah, that's what we call soccer in the states ( and everyone else calls futball ). Superball is where they have the commercials, then hand the ball to some guy and everybody jumps on a pile. Link to comment Share on other sites More sharing options...
Slappy Posted January 31, 2009 Report Share Posted January 31, 2009 We're 442 points above the November 20th close, so I doubt this is our first visit below that line - it wasn't the end of the world then, it's unlikely to be the end of the world now - besides, since both the Steelers and Cardinals are original NFL teams, we're guaranteed and up year. I don't think we need to prepare for Wiemar inflation or burning pits of diesel either. The worst that will happen is that the productive members of society in recession-resistant industries (farmers, doctors, nurses, teachers, morticians, barbers, hookers) will be pressed into government service so that the rest of society (lawyers, mutual fund managers, investment bankers, party planners, scrap bookers, congress critters) can continue to eat and get the occasional BJ on the side. Right. I forget where I was reading it, but in general it takes something like 30 to 300 years for a society to completely collapse. That's a lot of freeze-dried and bottled water. Link to comment Share on other sites More sharing options...
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