Markman channeling Lukester and NERO3

[jtabeb]

Wow, it's almost like they had talked on conference call.

http://articles.moneycentral.msn.com...ts.aspx?page=2

At this point, the key issue that all sides must recognize is that the U.S. government and Federal Reserve have declared war on depression and will do what it takes to win. They will let banks paper over insolvency, they will provide loans until kingdom come for bankrupt automakers, and they will print money until the presses wear out. They have decided that what's good for Citigroup (C, news, msgs) and GM (GM, news, msgs) is good for America, and woe betide the bears who wag tut-tutting fingers of disrespect.

Michael Belkin, an independent analyst who has called the bull and bear cycles well since his days at Salomon Bros. in the early 1980s, said you should just think of the market as a "big squeeze machine" -- constantly forcing the majority to do the wrong thing at the wrong time, such as seeking safety when it should be taking risk.

[Mega]

Re: Markman channeling Lukester and NERO3

If your a "Little guy" your best bet is to wait till you think its near the bottom & buy a bit & hold. Then see where it goes, if you feel it going up buy more...............if it going lower wait then buy more.

Mike

[don]

Re: Markman channeling Lukester and NERO3

If your a "Little guy" your best bet is to wait till you think its near the bottom & buy a bit & hold. Then see where it goes, if you feel it going up buy more...............if it going lower wait then buy more.

Mike

Then again, MEG, there's the Derby. Remember the 50 to 1 shot

[flintlock]

Re: Markman channeling Lukester and NERO3

If your a "Little guy" your best bet is to wait till you think its near the bottom & buy a bit & hold. Then see where it goes, if you feel it going up buy more...............if it going lower wait then buy more.

Mike

Now why didn't I think of that! I've been doing the opposite lately.

[audrey_girl]

Re: Markman channeling Lukester and NERO3

Wow, it's almost like they had talked on conference call.

http://articles.moneycentral.msn.com...ts.aspx?page=2

At this point, the key issue that all sides must recognize is that the U.S. government and Federal Reserve have declared war on depression and will do what it takes to win. They will let banks paper over insolvency, they will provide loans until kingdom come for bankrupt automakers, and they will print money until the presses wear out. They have decided that what's good for Citigroup (C, news, msgs) and GM (GM, news, msgs) is good for America, and woe betide the bears who wag tut-tutting fingers of disrespect.

Michael Belkin, an independent analyst who has called the bull and bear cycles well since his days at Salomon Bros. in the early 1980s, said you should just think of the market as a "big squeeze machine" -- constantly forcing the majority to do the wrong thing at the wrong time, such as seeking safety when it should be taking risk.

this part stuck out for me:

"At this point, the key issue that all sides must recognize is that the U.S. government and Federal Reserve have declared war on depression and will do what it takes to win [my emphasis added]"

it got me to thinking about the last few wars by the US gov...

War on Poverty - poverty won that one

War on Drugs - see Mexico failed state, border rampage, destroyed families in inner cities, etc. etc.

Vietnam war - no comment necessary

War on Terror - see earlier post this week on itulip about situation in Islamabad - pretty grim

not a pretty good track record here

[goadam1]

Re: Markman channeling Lukester and NERO3

You can pump up the banks and bailout the auto makers for a little while. Hot air and hot money rises. But how long can you do it? Until recovery? Last time I checked, the Soviet Union collapsed. The real economy of goods and services and properly valuing resources always wins, always pops every bubble. How many cars do you need and at what price for inputs and prices? What is the real return on loaned money? Backstop/Bailout bubble.