Favorite team:LSU 
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Registered on:7/25/2005
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re: Minnesota/Northwestern

Posted by Sluggo on 11/2/08 at 7:20 am to
Brewster? Nope.

re: New Highs/New Lows

Posted by Sluggo on 10/6/08 at 11:26 am to
quote:

Buy! Buy! Buy!


Lose your money! Lose your money! Lose your money!

:lol:
I can deliver lectures about socialism and monitor the rest for dissent and report to you.

:cool:

re: prediction - stock market crash

Posted by Sluggo on 10/3/08 at 12:46 pm to
No crash, slow slide down over next 18 months.

Bottom at around 8500.

Fascinating article about the mess

Posted by Sluggo on 10/3/08 at 12:42 pm
LINK

Many events in Washington, on Wall Street and elsewhere around the country have led to what has been called the most serious financial crisis since the 1930s. But decisions made at a brief meeting on April 28, 2004, explain why the problems could spin out of control. The agency’s failure to follow through on those decisions also explains why Washington regulators did not see what was coming.

On that bright spring afternoon, the five members of the Securities and Exchange Commission met in a basement hearing room to consider an urgent plea by the big investment banks.

They wanted an exemption for their brokerage units from an old regulation that limited the amount of debt they could take on. The exemption would unshackle billions of dollars held in reserve as a cushion against losses on their investments. Those funds could then flow up to the parent company, enabling it to invest in the fast-growing but opaque world of mortgage-backed securities; credit derivatives, a form of insurance for bond holders; and other exotic instruments.

The five investment banks led the charge, including Goldman Sachs, which was headed by Henry M. Paulson Jr. Two years later, he left to become Treasury secretary.

re: GM

Posted by Sluggo on 7/15/08 at 6:06 pm to
We just have to be patient and wait for the rebate checks to kick in.
If it hastens the arrival of socialism here, then go down baby!

Banking crisis? Panic?

Posted by Sluggo on 7/14/08 at 11:28 am
National City's stock is down nearly 30% and trading is halted as of right now.

I think we're in a bank panic.