sickofthehype

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187 Comments

    • Mon Dec 1st 10:17 AM
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      Rating: +1 0
      Commented on:
      How Wall Street Has Failed the Individual Investor
      Point the finger at Average Joe? Huh??

      The individual can, and most likely HAS, done everything as they're supposed to. The issue is the lobbied government taking a blind eye to the casino known as Wall Street.

      The issue isn't HOW Wall Street has failed the individual investor, it's WHAT THE F*CK DO WE DO ABOUT IT, AND NOW. We need CEO's in prison, fined, assets seized, end of story.
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    • Sun Nov 30th 17:55 PM
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      Rating: 0 0
      Commented on:
      In Search of the Next Reserve Currency
      We're all doomed.
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    • Sun Nov 30th 17:51 PM
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      Rating: 0 0
      Commented on:
      Last Thursday Was the Bottom - It's Time to Get Back in
      One of the best contrarian indicators is sentiment, and after reading the comments it appears we're most likely at least 'near' a bottom.

      1,000 on the Dow? Nice. Go back to your shack in the mountains and make sure you have plenty of ammo in the guns.

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    • Fri Nov 28th 19:34 PM
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      Rating: 0 0
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      Hedge Fund Deleveraging Could Be Half Over
      I would be willing to bet the process is nearly 100% over. Why? Do you honestly think these hedgies would say 'we're halfway through'? Hell no. Nobody knew they were even selling until September or so, then it became big news in late October. More than likely they're nearly complete but just claiming 'half over' BECAUSE THEY ARE NOW BUYERS.

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    • Thu Nov 27th 06:23 AM
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      Rating: 0 0
      Commented on:
      New Home Sales Plunge to 1991 Levels
      Good.
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    • Wed Nov 26th 18:11 PM
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      A Lot to Be Thankful for, Despite It All
      My Grandfather always said to be thankful for good health, end of story.

      "You're already a millionaire if you have your health"

      That, is so true, and something many of us take for granted. Because in the end, it doesn't matter how much you've made in the markets if you can't get out to enjoy it.
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    • Wed Nov 26th 17:41 PM
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      Why the Latest Fed Stimulus Won't Help Housing
      The issue is that the spreads are enormous on mortgages. Banks are making a huge spread to compensate for their previous losses and poor decision making. Just in the past few days have we seen end rates drop dramatically, as they should, and if we can get this continuation until we have 4.5% 30-yr loans, that would help the most out of all of this. And I wouldn't be surprised if we get there.

      For those preaching about how prices still have to drop - here in Phoenix there are lots of areas that are at 2000-2001 prices! The pendelum has swung too far, as it generally does, and another thing is that our inventory has DROPPED every month this year, and has have INCREASED every month this year. No, I'm not a real estate agent, but I keep track. Things are happening that are positive, but of course the mainstream media won't tell you about it. And today's new home sales being the lowest in 18 years? Well, GOOD!!! Permits down to record levels too. PERFECT!!! Once this tract home cookie cutter crap gets stopped from being built, then we can concentrate on getting inventory sold off and re-sales back on track.

      And finally, the inflation that will result from all of the cash injections to our system - globally - will make you WISH you owned some real estate. The fix is in folks. 2009 will be interesting.
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    • Tue Nov 25th 14:15 PM
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      Rating: 0 0
      Commented on:
      Detroit's Big Three and the Democrats' Economic Illiteracy
      Here's what the auto bailout is really about:

      info.detnews.com/video...

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    • Tue Nov 25th 14:14 PM
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      Commented on:
      Let the Automakers Die and Revive TARP's Original Mandate
      Here's what the auto bailout is really about:

      info.detnews.com/video...

      SCREW 'EM ALL.
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    • Tue Nov 25th 14:08 PM
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      Rating: 0 0
      Commented on:
      Housing Prices Will Probably Recover in Next 48 Months
      Think INFLATIONARY BOOM. The fix is in people. And those yapping about how poorly real estate is as an investment will kick their own asses in about 18 months.
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    • Mon Nov 24th 16:34 PM
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      Rating: +3 -1
      Commented on:
      Mission Impossible? Obama Must Rebuild Confidence in Federal Government
      Well let's see. Thousands actually believe that Obama will
      pay their mortgages' and 'fill their gas tanks'.

      If human beings are that ignorant, which apparently they are, then anything, including 'confidence in the government', is possible.
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    • Mon Nov 24th 10:44 AM
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      Rating: 0 0
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      U.S. Government: Reflation By Any Means Necessary
      "Can a debt crisis be solved with higher debt levels?
      According to CNBC, the Fed and the Treasury have already spent or committed $4.3 Trillion, more than the U.S. spent on all of WW2. Chuck Schumer was on Sunday morning TV and said that we need another $500-700 Billion stimulus, and soon"

      Answer: Yes.

      Inflation makes debt worth-less. Inflation will prop up everyone's home values. Inflation is the "fix" that's in already! Where are these trillions of dollars coming from!

      Precisely. Hints of deflation are only temporary. Look out above people.
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    • Mon Nov 24th 10:27 AM
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      Why Has the Dollar Rebounded - And When Will It Correct?
      It's a global race to devalue currencies in tandem, and it's surely not the USD becoming desirable.
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    • Mon Nov 24th 10:24 AM
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      Why the Dollar Has Rallied During Current Crisis
      Flight to safety? Now that's an oxy moron if I've ever heard one. How about carry trades, non fundamental selling, margin calls, forced liquidations, and on and on...

      By the time the average Joe has taken his losses and has gone all cash (what little is left), THEN inflation will rear its ugly head and devalue that cash.

      The Fed can't undue what fix they've put in already, and everyday is just more debt and more printing going on. The impact of this 'new' money will be MASSIVE inflation. 1979 has nothing on what we're about to experience.

      All those suckers who overpaid and overleveredged themselves on real estate would have had another chance to get out at high prices. Just give it a couple more years... But instead the vulture funds and smart investors will be racking in the profits - as usual.
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    • Sun Nov 23rd 20:27 PM
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      Rating: 0 0
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      5-1/2 Ways to Make the Market Rally
      The future is quite easy to predict right now.
      Temporary deflation (but not in all categories), a new President with 'change' on the agenda, followed by a shitload of inflation like we've never seen before - well, maybe during the Civil War. Debt will become worth-less, real estate and equities will be inflated back up again, and the devaluation of the dollar will take hold. Cash will be un-king, and the shitload of inflation will give way to a shitload of problems. Circa 1979-1982 X10 coming up.
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