I believe we've been in a recession for several months now. It's only
now that most people are beginning to accept it. A few more weeks and
it will be officially announced. By then, we should be at or near a
arsh, sorry for the loss. I don't think you should be too quick to
cut your losses, as most people quickly suggest. You don't lose money
until you sell. Hold off until the financials rally again.
holybeef2
...@yahoo.com wrote:
> Most Americans*
> Everyone with half a brain knows that the US is heading to a
> recession. Sadly not everyone here has half a brain if you base it on
> who's reporting the news in TV here. LOL
> big...@gmail.com wrote:
> > The people colluding are the people keeping this dead market up. The
> > Dow should be a lot lower than current levels. As usual America is
> > using ignorance as it's primary weapon. The rest of the world knows
> > the US is headed for a recession. They are staring at your house
> > watching it burn down while you sit inside saying it is not on fire.
> > At the end of the day if you are long on financials your opinion is
> > worthless. Financials are screwed. You are trying to catch 10 falling
> > knives. You have no credibility.
> > bis...@gmail.com wrote:
> > > DO YOU KNOW WHAT THIS PROVES? As things changes, laws need to change.
> > > You CANT YELL FIRE IN A CROWDED MOVIE THEATER AND CAUSE PEOPLE TO GET
> > > TRAMPLED TO DEATH. Freedom of Speech does not cover that. Some moral-
> > > deficient shorted this stock and then colluded with a few others to
> > > get it to tank. The paper trail will be found, the FBI will get
> > > involved and they WILL BE BROUGHT TO JUSTICE AND SENT TO JAIL.
> > > This proves nothing new. GO TO ANY BANK IN ANY COUNTRY. IF EVERY
> > > DEPOSIT HOLDER SHOWS UP ON THE SAME DAY AND WANTS THEIR MONEY BACK, IT
> > > ISN'T POSSIBLE. This was a disaster.
> > > I've been with Fidelity Investments for 12 years, and ONLY THEM except
> > > for a checking account with NCNB which later became Bank of America. I
> > > consider my duty as an American to not act like an idiot. I don't
> > > smoke, i won't own stock in tobacco companies. I am gonna take 1/10th
> > > of my net worth ($40K) and put it in Bear Stearns on Monday.
> > > Some person yelled fire in a theater, I AM GOING TO STAND ON MY SEAT
> > > AND SCREAM AT THE TOP OF MY LUNGS: THERE IS NO FIRE, STAY CALM.
> > > EVERYONE STAY CALM. I guess it's easy for me to say because the first
> > > $100K is protected right? If it isn't then I cannot say i would be so
> > > brave. HOWEVER....if the first 100K is protected then i would like to
> > > see 10,000 or 100,000 people put 40K or 50K or whatever into this
> > > company.....JP Morgan wouldn't even have time to rifle through their
> > > books.
> > > IF ALL AMERICANS DID THIS ON MONDAY MORNING, THE PROBLEM WOULD BE
> > > SOLVED BY LUNCH!!!! WHAT A MESSAGE, WHAT A SHOW OF UNITY........WHAT
> > > AN EXAMPLE TO SET TO THE WORLD! Of course all of this big talk is
> > > based on the idea that the first 100K of deposits are protected.
> > > I am sickened at how some short-selling conman floated a rumor and
> > > brought down this company.....GRANTED the rumor worked because of
> > > their weakened status due to sub-prime mistakes.....
> > > Comments?