I tell you what. This bail out bill is like long beach shoremen saying "Give us 900B or US economy is going down the tube since no goods can ship in and out of US west coast" All you guys that are for the bill is like saying "Yea yea, they are correct, the alternative is total destruction. I will be happy to paid that 900B in order to have some goods going in and out of US."
THIS is the letter they need to read before the Bill is pass. These are my numbers for Dow. I'm looking for this to happen with in the next 5 years. This is how long it's going to take to clean this BANKING MESS UP. It's Not Wall Streets mess, THIS IS JUST AMERICAN INVESTORS, just making their bets on the best place to invest in at this time. It's the greedy Banks that cause this all. Not the investors. All these so call smart man who are in charge, are the one's who can't get it right when its time to place their bets. Because they don't know how to invest, they TURN IT AROUND and BLAME the smart one's who do. AND GUESS WHAT, they ARE ALL AMERICAN INVESTORS !!!! That's why, it's so very clear to us all, that these" AHOLE'S are a BUNCH of LOSER'S" and there out to change the rules. What they don't know, is that since day one in Wall Street, the rules WHICH HAVE NOT BEEN CHANGE since day one are the same rules THAT PULL US OUT OF EVERY CRASH WALL STREET has ever had, and this is why WE HAD THE DOW AT 14198. all time high ever. We can all thank the BANKS for this sell off. And for the selloff to come. Thanks again you ass's. This is just another way AGAIN to flat out ROB, STEAL, and LIE to us all again , so they can STEAL THE MONEY OF THE AMERICAN PEOPLE again. They are ALL FULL OF SHIT UP ON "THE HILL" IN WASHINGTON. Back to the real numbers. Buy the way, these are my numbers for Dow Jones. In the next 5yrs, I see: 9300, take that out, 7720, then if it get's real bad and I think it will, we'll see 6200-6000 in the next five years. (this is why they don't want anyone "selling short"). trade well, perr
Who says I'm not trading this market? I'm just pissed off this bail even is being considered. It is a travesty.
P.S. And the Plan is not going to cost Americans, 700B. Paulsen said he needs, 50 billon a month. 50 times 12 is 600B for a year. (they never get the numbers right do they). Did he mention where 100 billon is going? This is only for a year. XXXXXXXXXXXXXX about 5 YEARS, and grand TOTAL IS 3 TRILLON. And since they NEVER GET THE NUMBERS RIGHT, YOU CAN DOUBLE THIS. It's at lease 6 TRILLON. trade well perr
well, at least I made arguments and brought for my points to back up my stance. You categorically say "no it will not work for sure". Where are your arguments, your backup. You now wine around about something that YOU YOURSELF have ZERO influence over. A large number of Senators and Congressmen mentioned that they will support the bill against their constituents wishes. You can complain about it as much as you want, vote for someone else next time. But you still dont seem to get the point. This mess already ocurred in the past. Its not something we can now chose to avoid. So, I guess to add to a fruitful discussion we should now maybe stop complaining about greed and mistakes that brought about this mess. Why dont you tell us how you personally plan to profit from your view and situation?
When counterparty exposure goes through the financial system like a domino effect, then no matter if you gambled or not, you lose. Your assumption that only people that took huge risks get hurt is completely misplaced and very naive.
So what you are saying is that a person who does business with another entity doesn't need to check that entity out before doing business with them? We should bail people out for choosing the wrong business partners?
LOL. This may be the first time in my life that anyone called me naive. No where in any of my posts did I say "only people that took huge risks get hurt". According to Nancy Pelosi, Paulson, Chris Dodd, Obama, Barney Frank, President Bush, etc etc etc., without this plan we're all going to get killed. Hey, who am I to argue, right? Now, just for arguments sake, are you SURE they're right? How good of record do you think Nancy Pelosi has anyway? What if it's not as bad as they say? Between you and me, I don't think anyone knows how all of this is going to come out. But if we fall apart, we'll all be damaged in one way or the other. It's not going to hurt me too bad. I'm not leveraged at all. Plenty of cash. Hell, I might even make some dough on the way down. Throw this $700 Billion in there and if it doesn't work, we lost $700 Billion plus whatever else it costs. And guess what? Governments have a wonderful record of failing when they try to buck the laws of supply and demand. It distorts the market. It just might make it worse. So far, ILoveVol seemed to think he had this all figured out...but looking at it this morning...he was dead wrong. I assume he's taken his first loss. OldTrader
slow buddy, my options dont expire today or tomorrow. And nothing has passed yet officially. There is no proof this all works but one thing is for sure, without it, it will get MUCH worse. Do you have ANYTHING whatsoever to argue against this? Then please bring it forth so we can all hear it. You have so far not added one single point that supports your thesis.