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first, allow me to say that i totally respect your foresight and intuitive approach to the market - your posts are well heeded
second, thank you for coming over and please feel at home and this is not Gio's thread - this is our thread where we can share trading info and hopefully good trading info
third and most importantly, i pick the cowboys over greenbay tomorrow
in the world series i had the angels and dodgers to go to the series and they both got killed - dangit
I read your posts hap , very interesting way of seeing things . The spreadsheets you got are really interesting thanks for sharing all that stuff . All yall are lightyears ahead of me .
Thanks, Hap. I agree. The Government announced last December that we were in a "recession". As a small business owner, I could have told them that back in February. I've been telling people all year long that 2010 is going to be worse. Tighten your belts. If you're in any mutual funds. Now would be a great time to exit them - entirely. Put your $$ in .... Well I would have said CD's, but more & more banks are failing and the FDIC is nearly bankrupt. Cash in a shoebox under the bed doesn't sound too far-fetched at this point. John Mauldin recently had a post saying the "true" unemployment rate is 17.5% or more. Did you know if you are unemployed & "haven't looked for work (because there's none out there) in the last 30 days", the government doesn't count you in the unemployment figures? AND they don't count those who have taken part-time jobs (because they have to eat) as "unemployed". We've exported our jobs to China, mortgaged our country to China & import all our cheap plastic junk we absolutely cannot live without - from -China! Can't get jobs & now we're supposed to pay all that back with interest. Out of what? Buy American, if you can, my friends. I got into a discussion about this recently with a friend who had bought a "Ford". I told him they're made in Canada & Mexico. The only Americans he supported were the dealership & the big wigs at Ford. Buy a Toyota, at least they're made here! Do your research. Help your fellow Americans. The current markets are unsustainable at these levels. The next big hole in the ground is going to be commercial real estate / commercial real estate lenders. Watch 'em start going belly-up one after the other. Time for another bailout. But are we really prepared for the alternative to no bailout? Ok, time to get off the soapbox now.
After all, it's what you learn AFTER you know it all, that counts!
I don't want to turn this in a big debate. but I would like to show you a different view. do you think we would be better off without China? the answer is no. who else would buy our treasuries? exporting jobs to China because it's cheapier? wrong. China has THE economy (biggest growth). and we can't afford not to be present. in order to compete, the multis need to open offices, factories or whatever in China. of course in return we have to buy their stuff. that's called trade. I have to laugh when I hear about shipping jobs overseas. what about all the foreigners creating jobs here? I guess it's not the same thing. what's good for me, doesn't have to be good for you, right? politics is a very sensitive subject, and I believe everybody should be entitled to his/her own opinion. we have that freedom here and we should be proud of it.