Comments on: Record-Breaking Data Everywhere!

By: Greg0658

Greg0658 — Fri, 21 Nov 2008 01:41:46 +0000

My mom loved her Studebaker.

I don’t think we will see a startup replacement car company in the USA post breakup. Its just to difficult. The clout of an existing business will clean their clock (DeLorean).

So we are discussing near monopoly, and the plight of “to big to fail is to big to fight.”

By: Bruce in Tn

Bruce in Tn — Thu, 20 Nov 2008 22:24:28 +0000

Look, these car companies will see this through..they make a good product just like the Packard Car Company does…..no, wait….I mean just like the Studebaker Car Company does….no, wait….I mean just like American Motors does….no, wait….I mean just like the DeLorean Car Company does…..no, wait…

Hmmmm…I guess maybe if you don’t make a product people want for a price they can afford….

Oh, just hurry up and get here January 20th…..

By: The Curmudgeon

The Curmudgeon — Thu, 20 Nov 2008 22:08:42 +0000

Thankfully Vaughn, we’ve got an expert on the causes of the Great Depression steadily at the helm of the federal reserve ship of state. Oh, wait, we didn’t have fiat currency back then, did we? Then nevermind. Doing now what should have been done under the gold standard of the Great Depression would do nothing except destroy the currency. So history rhymes, it just doesn’t repeat.

By: mikaeel

mikaeel — Thu, 20 Nov 2008 21:55:34 +0000

DOW 6000 doesn’t seem ridiculous any more does it?

By: vaughn

vaughn — Thu, 20 Nov 2008 21:45:16 +0000

“when the investing public realizes that the boomers were counting on real estate and equities to fund their retirement, and equities are the far more liquid of the two, then, and only then, will we be able to find a lasting bottom in the equity markets.”

Total credit market debt in the U.S., in 1929, was around 260% of GDP. By 1942 heading down, it was around 150% of GDP. In others words, A LOT OF DEBT got cleansed from the system. This time, however, the story is different. Total credit market debt in the U.S. is approaching 400% of GDP. We’ve got a looong dark way to go before “turning around”…….and that’s assuming the currency ISN’T destroyed between now and then.

By: whosonfirst

whosonfirst — Thu, 20 Nov 2008 21:34:04 +0000

When it comes to the intricacies of finance I am no doubt one of the least knowledgeable people posting here. But nothing sets my teeth on edge like someone saying that stocks are oversold. Based on what? Compared to what?

The macroeconomic data just keeps getting worse. I realize that markets don’t go straight up or straight down. But each uptick is of less strength and shorter duration so what good is it? The trend is decidedly downward. Worst of all, as this crisis ensues it becomes more and more apparent that the government is clueless.

By: The Curmudgeon

The Curmudgeon — Thu, 20 Nov 2008 21:22:07 +0000

Pushing on down to 7,500…where is the PPT now? Oops, different thread. And just think, 8,000, we barely knew ya.

By: Bruce N Tennessee

Bruce N Tennessee — Thu, 20 Nov 2008 20:47:10 +0000

I think I will buy Barry a couple of new toes for Xmas….maybe a nice red nail polish before they are wrapped and sent…

By: jrhyno

jrhyno — Thu, 20 Nov 2008 20:43:47 +0000

Throw out everything, to the lifeboats!! Dive, Dive, Dive….

This action is getting….tiresome….

By: jopo

jopo — Thu, 20 Nov 2008 20:41:55 +0000

you forgot the record breaking number of people who have ignored the fact that the last 25 years in equities have been the exception not the rule. only in the 80’s did the focus shift from income (dividends) to appreciation (growth + dividends). when the investor realizes that sales/earnings growth cannot expand forever and for the last 15 years, multinationals have benefited enormously from the peace dividend (end of the cold war and subsequent globalization). when the investing public realizes that the boomers were counting on real estate and equities to fund their retirement, and equities are the far more liquid of the two, then, and only then, will we be able to find a lasting bottom in the equity markets.