Posted:
#51
Sell on the rumor, buy on the news 
March Stock Implosion Thread
Posted:
#54
Quote Originally Posted by wallstreetcappers:
Sorry, but I find this very funny and ironic-
link
The greatest ever gets a rating downgrade.
Sorry, but I find this very funny and ironic-
link
The greatest ever gets a rating downgrade.
Saw that in the same article that was talking about Pep Boys.
Posted:
#57
I am eagerly awaiting it to get to 100 bones which is around where I always get back in. Hope to see it by the end of the day...
As far as Buffett goes, it suits me fine to see him squirm a bit.But at the end of the day, he will come out of this better off than before, methinks.
Of course I would enjoy seeing the Big O and Barney Frank gt together to retroactively tax WB 100% of the last five years' earnings...
Posted:
#58
Of course I would enjoy seeing the Big O and Barney Frank gt
together to retroactively tax WB 100% of the last five years'
earnings...
---------
considering the guy only pays himself 400k roughly a year from berkshire...then complains that the tax code isnt fair b/c his admin pays more taxes than he
i dont have much sympathy for him
---------
considering the guy only pays himself 400k roughly a year from berkshire...then complains that the tax code isnt fair b/c his admin pays more taxes than he
i dont have much sympathy for him
Posted:
#63
Quote Originally Posted by Vermeer:
I am eagerly awaiting it to get to 100 bones which is around where I always get back in. Hope to see it by the end of the day...
As far as Buffett goes, it suits me fine to see him squirm a bit.But at the end of the day, he will come out of this better off than before, methinks.
Of course I would enjoy seeing the Big O and Barney Frank gt together to retroactively tax WB 100% of the last five years' earnings...
I am eagerly awaiting it to get to 100 bones which is around where I always get back in. Hope to see it by the end of the day...
As far as Buffett goes, it suits me fine to see him squirm a bit.But at the end of the day, he will come out of this better off than before, methinks.
Of course I would enjoy seeing the Big O and Barney Frank gt together to retroactively tax WB 100% of the last five years' earnings...
Hopefully you held out until the very end and got in at $90.
Posted:
#66
Quote Originally Posted by wallstreetcappers:
So are you SKF owners getting back in?
The idea of moving a huge chunk of the toxic assets off the books really helps these banks, but who knows if it works out or who gets help.
SKF down 15% today.
Even with this move I am only up about 15% on the KBE I purchased.
So are you SKF owners getting back in?
The idea of moving a huge chunk of the toxic assets off the books really helps these banks, but who knows if it works out or who gets help.
SKF down 15% today.
Even with this move I am only up about 15% on the KBE I purchased.
Cheers Everyone !!!
I nibbled at SKF late in the day at $100 pps. I was a little early, but will average down tomorrow if this nonsense continues. I just fall back on the knowledge that if the government is involved with the solution to this mess, they will somehow phuck it up. I am also betting that this plan will be a nonevent; that the buyers and sellers will not meet at a price (greed will rule).
Just my two cents, but that's how I'm playing it.
Posted:
#68
China wants dollar replaced as reserve currency
By Jamil Anderlini in BeijingPublished: March 23 2009 12:16 | Last updated: March 23 2009 14:22
China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund.
The goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies,” Zhou Xiaochuan, governor of the People’s Bank of China, said in an essay posted in Chinese and English on the central bank’s website.
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