Stophovr6 Posted March 23, 2009 Share Posted March 23, 2009 Good news. Let's hope this continues. Link to comment Share on other sites More sharing options...
SUSkinsFan Posted March 23, 2009 Share Posted March 23, 2009 Many "on the right" disagree that some of the economic policies are not good for the long term health of the economy...this surge has nothing to do with that. Well at least there is no way to tell that now. Be like someone arguing for the benefits of Gitmo after a successful predator strike. I understand your logic but I think it is too early to judge either way.What I was saying is that the people who believed that the economy tanked just because Barack Obama became POTUS (there was a whole thread on it I think) need to come back and give him credit for this.I don't personally believe that the market tanking, or its recent recovery, is solely the fault of the POTUS (whoever that may be). I just want those that DO believe that to come back and give Obama the credit he must be due. Link to comment Share on other sites More sharing options...
Predicto Posted March 23, 2009 Share Posted March 23, 2009 More specifically, there were posters on here a couple of weeks ago crowing that Obama had effed up because Geithner had given a speech that didn't have enough details about dealing with toxic assets and the market had reacted negatively. I assume those very same posters will be here soon to acknowledge that when the details were worked out, the market reacted positively. :whoknows: Link to comment Share on other sites More sharing options...
Stophovr6 Posted March 23, 2009 Share Posted March 23, 2009 More specifically, there were posters on here a couple of weeks ago crowing that Obama had effed up because Geithner had given a speech that didn't have enough details about dealing with toxic assets and the market had reacted negatively.I assume those very same posters will be here soon to acknowledge that when the details were worked out, the market reacted positively. :whoknows: Was that one of the posts that referred to Geitner as Turbo Tax Timmy? :hysterical: Link to comment Share on other sites More sharing options...
deejaydana Posted March 23, 2009 Share Posted March 23, 2009 They (Geithner & crew) still have not made any substantive changes to the banks yet and how they operate. While I'm enjoying a one day rally (and hope it can build) the gov't still has major work to do. In my mind, they are afraid to make the tough choices that need to be made (and in their defense, you don't make these changes in a fortnight). I'd like it if we could avoid dumbing down yet another thread by playing 'my side v your side.' Any half-wit can do that and really, what's the point? Link to comment Share on other sites More sharing options...
Bostic Hog Posted March 23, 2009 Share Posted March 23, 2009 Should we cheer this toxic asset bailout? I don't think so. Let's see: the govt is on the hook for any losses and the investors in these assets have no risk at all, but all of the upside. Sounds like a rape of the taxpaper, once again. I do like a market rally, though. Link to comment Share on other sites More sharing options...
techboy Posted March 24, 2009 Share Posted March 24, 2009 I'm gonna guess that techboy will be indifferent... You are correct sir. One day (or even one month) stock movements are mere statistical noise for the long term investor. Actually, in another sense, I am happy, because there were a lot of people and institutions that were inappropriately invested in too high a percentage of stocks for too short a term, and things like pension funds were being affected, which is why Toe Jam's comment was shortsighted. Hopefully we'll continue the run up to ease those problems, and then those individuals and institutions will learn from their mistakes and pursue an appropriate asset allocation for an appropriate time horizon. Link to comment Share on other sites More sharing options...
Toe Jam Posted March 24, 2009 Share Posted March 24, 2009 which is why Toe Jam's comment was shortsighted. I WAS JOKING!! You people all need to chill out. Link to comment Share on other sites More sharing options...
WVUforREDSKINS Posted March 24, 2009 Share Posted March 24, 2009 My dad just told me about his friend at work who bought 10,000 shares of CITI last week... What a ****in day he had! Link to comment Share on other sites More sharing options...
DeanCollins Posted March 24, 2009 Share Posted March 24, 2009 You are correct sir. One day (or even one month) stock movements are mere statistical noise for the long term investor. yea yea yea, you were in the closet spanking it. Link to comment Share on other sites More sharing options...
Destino Posted March 24, 2009 Share Posted March 24, 2009 My dad just told me about his friend at work who bought 10,000 shares of CITI last week...What a ****in day he had! Same with those that got into pier yesterday at .16 and closed today at .60. We got in this morning thinking we were late to the ride and still made 100%. Yowza. I should have put more in :mad: Citi was actually a really easy call. Government backed them and basically said they wouldn't let them fall.... when they went under a dollar every investor buddy of mine sent someone a text message screaming BUY BUY BUY. The problem was holding on long enough to see the big gains. Most bailed at or before 40%. This is the easiest day trading market I've ever seen. Any stock that is down rockets up after any good news. Link to comment Share on other sites More sharing options...
Hubbs Posted March 24, 2009 Share Posted March 24, 2009 Usually because it isn't actually funny Link to comment Share on other sites More sharing options...
techboy Posted March 24, 2009 Share Posted March 24, 2009 You people all need to chill out. What do you mean "you people"? :mad: Link to comment Share on other sites More sharing options...
Destino Posted March 24, 2009 Share Posted March 24, 2009 What do you mean "you people"? :mad: What do you mean "you people"? :mad: Link to comment Share on other sites More sharing options...
G.A.C.O.L.B. Posted March 24, 2009 Share Posted March 24, 2009 What I was saying is that the people who believed that the economy tanked just because Barack Obama became POTUS (there was a whole thread on it I think) need to come back and give him credit for this.I don't personally believe that the market tanking, or its recent recovery, is solely the fault of the POTUS (whoever that may be). I just want those that DO believe that to come back and give Obama the credit he must be due. Same. Word for word. And the point of my post. Link to comment Share on other sites More sharing options...
December90 Posted March 24, 2009 Share Posted March 24, 2009 I hope you were just joking.In case you weren't I hope you realize that the stock market recovering is a good thing for every income bracket. Just curious, does the "good thing for every income bracket" include tax cuts? Or should those exclude "The Rich" (Whoever that is)? Also, the stock market rebound benefits "The Rich" people who own a lot of stock more than "The Poor" people who do not own stocks (or only own a very small amount. It is not "fair" that those who have invested the most and who have taken the most risk stand to benefit the most. Right? Link to comment Share on other sites More sharing options...
G.A.C.O.L.B. Posted March 24, 2009 Share Posted March 24, 2009 Blah blah blah Right? Nice sig Link to comment Share on other sites More sharing options...
December90 Posted March 24, 2009 Share Posted March 24, 2009 Nice sig Thank you... I was considering expanding it to include the great sodomizer and Satan's daughter (the speaker of the house) among many other notables in Congress. But I don't want to violate signature rules with regard to size... Link to comment Share on other sites More sharing options...
techboy Posted March 24, 2009 Share Posted March 24, 2009 Thank you...I was considering expanding it to include the great sodomizer and Satan's daughter (the speaker of the house) among many other notables in Congress. But I don't want to violate signature rules with regard to size... I hope it's not your intention to persuade anyone of the correctness of your positions, because I can tell you that if this is your goal, you're doing a horrendous job. Link to comment Share on other sites More sharing options...
zoony Posted March 24, 2009 Share Posted March 24, 2009 I hope it's not your intention to persuade anyone of the correctness of your positions, because I can tell you that if this is your goal, you're doing a horrendous job. It is a very sad reflection for sure. Link to comment Share on other sites More sharing options...
Predicto Posted March 24, 2009 Share Posted March 24, 2009 I cry in real life. My wife is a bank regulator, so we are forbidden from investing in bank stocks. Even a moron like me could see that Citibank was an enormous buy opportunity, but I couldn't jump on it. Link to comment Share on other sites More sharing options...
Thiebear Posted March 24, 2009 Share Posted March 24, 2009 Its nice to see a clearly thought out message get something. The hmmmming and hawwwwing was mind numbing. Link to comment Share on other sites More sharing options...
Mark The Homer Posted March 24, 2009 Share Posted March 24, 2009 I cry in real life.My wife is a bank regulator, so we are forbidden from investing in bank stocks. Even a moron like me could see that Citibank was an enormous buy opportunity, but I couldn't jump on it. Dude - next time call me and send me whatever you want to invest. I'll split whatever we make 50/50 (if we lose, oh well). Link to comment Share on other sites More sharing options...
Predicto Posted March 24, 2009 Share Posted March 24, 2009 Dude - next time call me and send me whatever you want to invest. I'll split whatever we make 50/50 (if we lose, oh well). LOL. Sure, why not. My wife probably doesn't want her job anymore. Link to comment Share on other sites More sharing options...
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