Financial topics

[John]

Correction to the above posting:

The ECB has not invoked the "nuclear option," although it's
under consideration.

However, on Monday they went part of the way towards the option by
allowing junk Greek bonds to be used as collateral in credit
operations. Here's the press release from the ECB:

http://www.ecb.int/press/pr/date/2010/h ... 03.en.html

John

[aedens]

http://online.wsj.com/article/SB1000142 ... 27058.html

Typical of the beltway bent of mind above. As was mentioned the inmates kool aid behavior of group dynamics
which will consume us all in there deeds. They say they want transparancy in words and burden the public
with ideological hyprocracy the common man must condemn. The gaming continues on the taxpayers dime
and the free market is all but dead for so long. In our area the Housing that was purchased on short sales
is now Section 8 for all the units I have noted over the year in my immediate area.
I went out for breakfast last week and the overall conversation was how we where screwed on the current vote
when he said no he would not vote for the healthcare bill and voted for it anyway. I have no idea how the upcoming
election will go since really they are all alike it appears as we already know. I asked do you wish to step over people
in the streets and asked him to read up on the Fresno effect for homeless shelters. Mind you never did I bring up the
topic of healthcare or any topic but did reminded him on how things can spiral out of control as in unintended consequences.
The conversation moved on his part that Socialism is not the way. Given his service as a Veteran of the Vietnam war and a
Marine as he mentioned I was reminded that his words expressed that he was under the clearly under the impression that our
local representative was to vote no on health care vote and he came back voting the party line. I left a question
as mentioned above on the Fresno Effect and the free market which we all seek. As our shelter in our area is private
they must pass a sobriety screening to enter. It was conveyed to me a man who did not pass the sobriety as it happened
made room a short time later for a woman and her child needing shelter. Later that man called a local radio station
that he was seeking help from the ACLU. I happened to hear that converation and the DJ summarily and properly
but him in his place and wished him well on his sobriety issues and being a citizen. Sometimes people need to understand private
funding is just that to help fill the needs sometimes we never consider overall. On a local issue the amount of revenue
is shrinking since there are less people paying since many have left the State seeking work but local services are holding
to there core function only to date only and repairs can be done when the coffers are balanced to fire services cost's
and reflect priorority safety repairs in the township. The only thing noted was a few focused on themselves
driving a point which entails not a benefit to others but themselves outside there elected responsibility outside
there Job title and summarily discharged given legal advise to protect the taxpayer as noted in public record.
Reality looking forward is fix it looking forward in regard to there duties on the local front. Overall we are
not moving forward as revenue for vital services maintain funding for public safety and work is not picking up.
Overall as the forums account the back wall the finanacial storm looms very large indeed. Last summer we assumed
our Summer of discontent we forwarded, and this Summer I will wait in contemplation as events unfold to topical
issues we trend in GD. Also I wish to thank the current posting as real news that all have been conveying given time
contraints and ideological contaminations we have to suffer from the networks.

[John]

The stock market is crashing. Appears to be full-scale panic on Wall Street.

John

[freddyv]

The stock market is crashing. Appears to be full-scale panic on Wall Street.

John

Yes, I can't get quotes anywhere and Schwab won't show me my positions. My guess is they will have to close the markets...spooky....

Now Schwab.com is totally down and this is the headline on CNN: Dow falls almost 1000, recovers

--Fred

[thomasglee]

The stock market is crashing. Appears to be full-scale panic on Wall Street.

John

I was just about to post on this myself. I've been watching CNBC (which I rarely do these days... got out of the market long ago). Kinda like the proverbial car wreck....

Did you hear the one reporter talking about his conversation with a Greek school teacher... when he asked the "educator" what they expected, the scholar replied (and I paraphrase) we want the IMF out of our economics. When pushed, well then how do you expect the government to pay the debts owed, he replied, "I don't care how they do it, but they must do it". In other words, get us out of this mess, just don't make us be apart of the solution. I see everybody blaming the government for "incompetence", but where did these people think the governments would get the money to pay them their outrageous compensation packages?

Generational Dynamics at work!

[thomasglee]

Dow falls almost 1000, recovers

--Fred

LOL

Instead of the more appropriate and accurate headline, "Dow down 500 points", they sugarcoat... down, but recovers.

[freddyv]

The stock market is crashing. Appears to be full-scale panic on Wall Street.

John

CNN seems to be the site for news right now. Schwab.com is still down and my guess is that the Feds are trying to control things as the market is back to only 450 points down. History is being made. My guess is that a few days from now Jim Cramer will once again be telling us all to buy the dip and everyone will be schilling the market again as we make our way slowly to 1,000 on the Dow over the course of the next few years.

--Fred
http://www.acclaiminvesting.com/

[thomasglee]

CNN seems to be the site for news right now. Schwab.com is still down and my guess is that the Feds are trying to control things as the market is back to only 450 points down. History is being made. My guess is that a few days from now Jim Cramer will once again be telling us all to buy the dip and everyone will be schilling the market again as we make our way slowly to 1,000 on the Dow over the course of the next few years.

--Fred
http://www.acclaiminvesting.com/

Amazing... I reading posts on google finance and there are so many that are saying the market will be back to 15000 by summer.... do people have a clue in this world?

[freddyv]

Dow falls almost 1000, recovers

--Fred

LOL

Instead of the more appropriate and accurate headline, "Dow down 500 points", they sugarcoat... down, but recovers.

I have a separate monitor open for the stock market and that crash to 1,000 happened from 300-400 in a flash! I mean one minute the market was at 300 and then a few seconds later it was 400 and then 500 and then everything was gone; no more quotes and no more information. SPOOOKY!

Fred
http://www.acclaiminvesting.com/

[freddyv]

Can anyone else logon to their brokerage account and trade? I ask simply because I think this is a unique opportunity for us to get some REAL data, rather than what the government is going to tell us and to help each of us to gauge what is really going on in real-time. Could also be a valuable historical document if this is THE BIG ONE.

Fred
http://www.acclaiminvesting.com/