ElmGrove

There's a wild conspiracy theory that cheerleader/frat/silver-spoon shrub and 41 are actually one and the same, being as they're both from the same UFO pod. GWB = GHWB = Hoover

Let's do the math.

George Herbert Walker Bush = Herbert Hoover

Check

1929 crash = 2008 crash

Check

Then, per Wikipedia:

"The market recovered for several months from that point, with the Dow reaching a secondary peak (i.e., dead cat bounce) at 294.0 in April 1930. The market embarked on a steady slide in April 1931 that did not end until 1932 when the Dow closed at 41.22 on July 8, concluding a shattering 89% decline from the peak. This was the lowest the stock market had been since the 19th century."

So, it's possible that we won't see a true bottom until . . .

Sometime in 2011.

Hey, keep calling the bottom. Warren Buffett doesn't waste his time with such childishness.

Yikes!

All bets are off. Gotta rethink my thinking.

With this new technical downside, I see something I don't wanna see. Uh-oh.

We're in serious doo-doo now.

Here's an intriguing question.

What will the price of NG (natural gas) go to if our oil shipments from the Middle East are cut off?

k.:

thanks

i find it interesting that CHK continues to sell off leases in much higher percentages in other s plays than in the Hay s

cash short in sum but their future profit margins appear to be higher & of higher potential in NW La -- so they're holding on to the easiest deals, to the highest of future profit returns, i.e., in the bayou s

That's my story, and I'm sticking to it.

A share of stock is nothing more than a piece of worthless paper (unless someone wants to buy it).

There is no value in the actual paper. The only value is derived from someone wanting to buy the share of stock. If no one wants to buy it and if everyone wants to sell their shares, then the market price drops.

In other words, the only frothy value per the market high of 14,000 was based upon impression, not reality. There is no "value" reality until someone sells their shares.

Therein, when an investor buys a share in say 2001 at 10 dollars and that same share is selling for 60 dollars in Oct. of 2007, that is only a perceived market value at that moment in time. There never was any money from anywhere added to the initial $10, turning it into $60. So when the market crashes and the $60 share returns to $10. It's a wash. Nothing disappears. $10 was only used to buy the share in the first place, i.e., it's all in the mind.

Now, there is the question of what happened to the money of those who bailed out at the top prices in Oct. 2007, i.e., those who chased out.

Where did that money go?

Maybe the smart money, like Warren Buffet, bought low and sold high. And maybe he parked his money in complete safety in T-bills or T-bonds or some such place (with little to no risk).

Then, when the market crashed -- because Warren's not stupid to ride a bear market down and hold on -- then when he thought he saw the bottom, he started . . .

Buying low to hold for the low-term climb back to the next big high.

Disclaimer. This is spin. This is a guess. This is not based upon any insider facts, per se -- per rather just one possible scenario.

Huh.

NG futures zoomed up today. Sweet.

Well, I guess that's the cold weather, huh?

Thanks, Tigris. Good stuff.

In monster-mash speak:

"Ya-hoo -- good."

"Micro-soft -- bad."

But this is only "living dead" fun talk.

With smart/Buffett investing:

"Micro-soft . . . barry, barry good."


:cat:

good luck