OT: What can we invest in?
One would think that since the government is very very unlikely to let Citi and BOA fail, that their stock would create a windfall:
http://www.bloomberg.com/apps/news?pid=20601087&sid=avjYcESZ 4uqs&refer=worldwide
http://www.bloomberg.com/apps/news?pid=20601087&sid=avjYcESZ 4uqs&refer=worldwide
Gotta watch those TV financial advisors, though as demonstrated by Jon Stewart on the Daily Show:
The Daily Show With Jon StewartM - Th 11p / 10cCNBC Gives Financial AdviceDaily Show Full Episodes
Important Things With Demetri MartinPolitical Humor
Economic Crisis
The Daily Show With Jon StewartM - Th 11p / 10cCNBC Gives Financial AdviceDaily Show Full Episodes
Important Things With Demetri MartinPolitical Humor
Economic Crisis
Sorry, embed doesn't work. Here it is:
http://www.thedailyshow.com/video/index.jhtml?videoId=220252 &title=cnbc-gives-financial-advice
http://www.thedailyshow.com/video/index.jhtml?videoId=220252 &title=cnbc-gives-financial-advice
Sorry, that was the same link. Here's the new one:
http://www.thedailyshow.com/video/index.jhtml?videoId=220292 &title=Moment-of-Zen---Jim-Cramer\'s-Advice
http://www.thedailyshow.com/video/index.jhtml?videoId=220292 &title=Moment-of-Zen---Jim-Cramer\'s-Advice
If I had some serious money I'd invest in vacant lots in the inner cities. When everybody in America's pension fund becomes insolvent, there will be enough starving baby boomers to make 10 Monty Python movies. You gotta stack all the bodies somewhere. And there won't be any gasoline to haul them out of town. That **** has been declared persona non grata.
OK. I'm just kidding. But barely.
OK. I'm just kidding. But barely.
The free man owns himself. He can damage himself with either eating or drinking....... If he does he is certainly a damn fool, and he might possibly be a damned soul; but if he may not, he is not a free man any more than a dog.
On March 10, 2009 at 5:16 PM Pacific Time, JFish wrote:
If I had some serious money I'd invest in vacant lots in the inner cities. When everybody in America's pension fund becomes insolvent, there will be enough starving baby boomers to make 10 Monty Python movies. You gotta stack all the bodies somewhere. And there won't be any gasoline to haul them out of town. That **** has been declared persona non grata. OK. I'm just kidding. But barely.
Biden was probably making an understatement when he said several weeks back, "There's still a 30% chance that none of this will work."
Do I see a rally in the market? Wouldn't that be just too much for Rush Limbaugh to bear? Probably wishful thinking though:
http://online.wsj.com/article/SB123676922949993593.html
http://online.wsj.com/article/SB123676922949993593.html