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	<title>Comments on: Contrarians Rejoice! S&amp;P500&#8217;s Worst Year Ever</title>
	<atom:link href="http://www.ritholtz.com/blog/2008/11/sp-500s-worst-ever-year/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.ritholtz.com/blog/2008/11/sp-500s-worst-ever-year/</link>
	<description>Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media</description>
	<lastBuildDate>Sat, 21 Nov 2009 08:40:44 -0500</lastBuildDate>
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		<title>By: jmay</title>
		<link>http://www.ritholtz.com/blog/2008/11/sp-500s-worst-ever-year/comment-page-1/#comment-128241</link>
		<dc:creator>jmay</dc:creator>
		<pubDate>Sun, 23 Nov 2008 22:40:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=10457#comment-128241</guid>
		<description>Those who believed in the PPT were not cynical enough to imagine the truth.  

Which isn&#039;t the worst thing.</description>
		<content:encoded><![CDATA[<p>Those who believed in the PPT were not cynical enough to imagine the truth.  </p>
<p>Which isn&#8217;t the worst thing.</p>
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		<title>By: DavidB</title>
		<link>http://www.ritholtz.com/blog/2008/11/sp-500s-worst-ever-year/comment-page-1/#comment-128207</link>
		<dc:creator>DavidB</dc:creator>
		<pubDate>Sun, 23 Nov 2008 17:33:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=10457#comment-128207</guid>
		<description>@karen Says:
November 23rd, 2008 at 12:51 am

&lt;i&gt;yikes! davidb, i think i actually understood what your point was…&lt;/i&gt;

Well, that makes one of us Karen (;</description>
		<content:encoded><![CDATA[<p>@karen Says:<br />
November 23rd, 2008 at 12:51 am</p>
<p><i>yikes! davidb, i think i actually understood what your point was…</i></p>
<p>Well, that makes one of us Karen (;</p>
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		<title>By: VoiceFromTheWilderness</title>
		<link>http://www.ritholtz.com/blog/2008/11/sp-500s-worst-ever-year/comment-page-1/#comment-128194</link>
		<dc:creator>VoiceFromTheWilderness</dc:creator>
		<pubDate>Sun, 23 Nov 2008 16:00:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=10457#comment-128194</guid>
		<description>how incompetent must a secret, market-manipulating organization be before someone gets fired?

Fired?  Are you kidding?  They&#039;ve been promoted.  You know that failure is not an issue for the aristocracy. Their Christmas bonuses are being handed out early -- that&#039;s why the market is falling!  

(Disclaimer: I have neither knowledge or nor belief in any imputed PPT.  I neither accept nor reject the existence of that which I have no actual data about)</description>
		<content:encoded><![CDATA[<p>how incompetent must a secret, market-manipulating organization be before someone gets fired?</p>
<p>Fired?  Are you kidding?  They&#8217;ve been promoted.  You know that failure is not an issue for the aristocracy. Their Christmas bonuses are being handed out early &#8212; that&#8217;s why the market is falling!  </p>
<p>(Disclaimer: I have neither knowledge or nor belief in any imputed PPT.  I neither accept nor reject the existence of that which I have no actual data about)</p>
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		<title>By: KidDynamite</title>
		<link>http://www.ritholtz.com/blog/2008/11/sp-500s-worst-ever-year/comment-page-1/#comment-128188</link>
		<dc:creator>KidDynamite</dc:creator>
		<pubDate>Sun, 23 Nov 2008 15:08:13 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=10457#comment-128188</guid>
		<description>Steve Barry - you realize how horrible idea it would be for the Republicans to let the market tank NOW right?  the problem is that Obama will take office in January, and be benchmarked FROM THERE! he&#039;s not benchmarked from election day...

so when the SPX is at 600 on Jan 20,2009, Obama will have the easiest comp numbers in the history of the world... and come out smelling like a rose.

it wouldn&#039;t matter anyway - everyone will just continue to blame TBA (The Bush Administration)...</description>
		<content:encoded><![CDATA[<p>Steve Barry &#8211; you realize how horrible idea it would be for the Republicans to let the market tank NOW right?  the problem is that Obama will take office in January, and be benchmarked FROM THERE! he&#8217;s not benchmarked from election day&#8230;</p>
<p>so when the SPX is at 600 on Jan 20,2009, Obama will have the easiest comp numbers in the history of the world&#8230; and come out smelling like a rose.</p>
<p>it wouldn&#8217;t matter anyway &#8211; everyone will just continue to blame TBA (The Bush Administration)&#8230;</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2008/11/sp-500s-worst-ever-year/comment-page-1/#comment-128173</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Sun, 23 Nov 2008 06:57:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=10457#comment-128173</guid>
		<description>karen, 

past that, just remember, Speed Kills--and that has nothing to with Velocity.. 

http://www.thefreedictionary.com/speed</description>
		<content:encoded><![CDATA[<p>karen, </p>
<p>past that, just remember, Speed Kills&#8211;and that has nothing to with Velocity.. </p>
<p><a href="http://www.thefreedictionary.com/speed" rel="nofollow">http://www.thefreedictionary.com/speed</a></p>
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		<title>By: karen</title>
		<link>http://www.ritholtz.com/blog/2008/11/sp-500s-worst-ever-year/comment-page-1/#comment-128171</link>
		<dc:creator>karen</dc:creator>
		<pubDate>Sun, 23 Nov 2008 06:44:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=10457#comment-128171</guid>
		<description>Mark!  you are teasing me with all those commas... i got dizzy, sick actually.</description>
		<content:encoded><![CDATA[<p>Mark!  you are teasing me with all those commas&#8230; i got dizzy, sick actually.</p>
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		<title>By: Mark E Hoffer</title>
		<link>http://www.ritholtz.com/blog/2008/11/sp-500s-worst-ever-year/comment-page-1/#comment-128170</link>
		<dc:creator>Mark E Hoffer</dc:creator>
		<pubDate>Sun, 23 Nov 2008 06:39:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=10457#comment-128170</guid>
		<description>you see, karen, I told you, you needn&#039;t worry..
~~
SB, 

with this: &quot;Reminds me of the time a few years ago when I told the Chief Economist at one of those recently taken over WS firms that the Fed should be abolished…he looked at me like I had eight heads and stormed away.&quot;, I hear ya.  It&#039;s amazing that those, that pretend to be &#039;Economists&#039;, can get away with ignoring/not mentioning the Greatest perturbing Force known in the Marketplace.

Though, to others, who may be afraid/not sleeping, this is no time to Freeze/Pull into one&#039;s Shell.

What we&#039;ve seen, come to fruition, to date, bad as it may have been, is, still, mostly Financial in nature.

There&#039;s whole set of Economic values fixin&#039; to come under attack, out in the open.  The groundwork, the dimunition of our National Sovereignty and the stripping of our personal Rights, are, but, two teeth in a set of Jaws waiting to close on our unsuspecting selves.

As I&#039;ve spoken to before, we can, either, awaken to what&#039;s Up about what&#039;s going Down, or we shall find ourselves swirling in a vortex of a Poli-Sci-Fi Nightmare that Hollywood has only shown us glimpses of.

Crichton, a Genius, in any account, hardly alone, told us aptly: It is a &quot;State of Fear&quot; that we&#039;re existing with.  http://www.amazon.com/State-Fear-Michael-Crichton/dp/0066214130

That one Book, hardly alone among his, many, Signal calls, from a single, of a vast array, Author, should be enough to kick-start one&#039;s understanding that there&#039;s a different Game afoot, than the one, allegedly, at hand.

Past that, take a piece of advice from a Real Economist: &quot;Do not give in to Evil.  Proceed, ever more boldly, against it.&quot;  IOW: Tu ne cede malis sed contra audentior ito-- von Mises

www.mises.org</description>
		<content:encoded><![CDATA[<p>you see, karen, I told you, you needn&#8217;t worry..<br />
~~<br />
SB, </p>
<p>with this: &#8220;Reminds me of the time a few years ago when I told the Chief Economist at one of those recently taken over WS firms that the Fed should be abolished…he looked at me like I had eight heads and stormed away.&#8221;, I hear ya.  It&#8217;s amazing that those, that pretend to be &#8216;Economists&#8217;, can get away with ignoring/not mentioning the Greatest perturbing Force known in the Marketplace.</p>
<p>Though, to others, who may be afraid/not sleeping, this is no time to Freeze/Pull into one&#8217;s Shell.</p>
<p>What we&#8217;ve seen, come to fruition, to date, bad as it may have been, is, still, mostly Financial in nature.</p>
<p>There&#8217;s whole set of Economic values fixin&#8217; to come under attack, out in the open.  The groundwork, the dimunition of our National Sovereignty and the stripping of our personal Rights, are, but, two teeth in a set of Jaws waiting to close on our unsuspecting selves.</p>
<p>As I&#8217;ve spoken to before, we can, either, awaken to what&#8217;s Up about what&#8217;s going Down, or we shall find ourselves swirling in a vortex of a Poli-Sci-Fi Nightmare that Hollywood has only shown us glimpses of.</p>
<p>Crichton, a Genius, in any account, hardly alone, told us aptly: It is a &#8220;State of Fear&#8221; that we&#8217;re existing with.  <a href="http://www.amazon.com/State-Fear-Michael-Crichton/dp/0066214130" rel="nofollow">http://www.amazon.com/State-Fear-Michael-Crichton/dp/0066214130</a></p>
<p>That one Book, hardly alone among his, many, Signal calls, from a single, of a vast array, Author, should be enough to kick-start one&#8217;s understanding that there&#8217;s a different Game afoot, than the one, allegedly, at hand.</p>
<p>Past that, take a piece of advice from a Real Economist: &#8220;Do not give in to Evil.  Proceed, ever more boldly, against it.&#8221;  IOW: Tu ne cede malis sed contra audentior ito&#8211; von Mises</p>
<p><a href="http://www.mises.org" rel="nofollow">http://www.mises.org</a></p>
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		<title>By: mark mchugh</title>
		<link>http://www.ritholtz.com/blog/2008/11/sp-500s-worst-ever-year/comment-page-1/#comment-128169</link>
		<dc:creator>mark mchugh</dc:creator>
		<pubDate>Sun, 23 Nov 2008 06:27:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=10457#comment-128169</guid>
		<description>&quot;Geez, how incompetent must a secret, market-manipulating organization be before someone gets fired?&quot;

It is kind of like trying to fight global warming with air conditioning (seems like it would work).

Sometimes, I like to imagine that they&#039;ve been playing the short side to pay down the national debt (because we&#039;d never agree to tax increases to do that).  But, they&#039;re probably just pin boys for short-sellers.  They&#039;ll set &#039;em up, you knock &#039;em down.

So, I gotta know, did anyone here say at 3:00 pm yesterday &quot;TIM GEITHNER!! For real?  C&#039;mon let&#039;s go buy everything!&quot; ???   I&#039;m told to believe that his appointment to Treasurer was worth 500 points on the Dow (in one hour) 2 months before he take office.  This tin-foil hatter  played that rally, without knowing who Tim was (I just look for Charlie G around options expiration).

And hey, a few more sprinkles of sunshine next week, strategically spaced, and the chatter around the Thanksgiving table will be a whole lot more optimistic.  Maybe I&#039;ll even get up at 5 am for the Kmart doorbuster special on Black Friday (cause everything&#039;s gonna be OK).  No need to gather up the pitchforks, torches and wood-chippers (BR).

You can&#039;t put a price on warm, fuzzy, moments like that, can you?</description>
		<content:encoded><![CDATA[<p>&#8220;Geez, how incompetent must a secret, market-manipulating organization be before someone gets fired?&#8221;</p>
<p>It is kind of like trying to fight global warming with air conditioning (seems like it would work).</p>
<p>Sometimes, I like to imagine that they&#8217;ve been playing the short side to pay down the national debt (because we&#8217;d never agree to tax increases to do that).  But, they&#8217;re probably just pin boys for short-sellers.  They&#8217;ll set &#8216;em up, you knock &#8216;em down.</p>
<p>So, I gotta know, did anyone here say at 3:00 pm yesterday &#8220;TIM GEITHNER!! For real?  C&#8217;mon let&#8217;s go buy everything!&#8221; ???   I&#8217;m told to believe that his appointment to Treasurer was worth 500 points on the Dow (in one hour) 2 months before he take office.  This tin-foil hatter  played that rally, without knowing who Tim was (I just look for Charlie G around options expiration).</p>
<p>And hey, a few more sprinkles of sunshine next week, strategically spaced, and the chatter around the Thanksgiving table will be a whole lot more optimistic.  Maybe I&#8217;ll even get up at 5 am for the Kmart doorbuster special on Black Friday (cause everything&#8217;s gonna be OK).  No need to gather up the pitchforks, torches and wood-chippers (BR).</p>
<p>You can&#8217;t put a price on warm, fuzzy, moments like that, can you?</p>
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		<title>By: karen</title>
		<link>http://www.ritholtz.com/blog/2008/11/sp-500s-worst-ever-year/comment-page-1/#comment-128168</link>
		<dc:creator>karen</dc:creator>
		<pubDate>Sun, 23 Nov 2008 05:51:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=10457#comment-128168</guid>
		<description>yikes!  davidb, i think i actually understood what your point was...</description>
		<content:encoded><![CDATA[<p>yikes!  davidb, i think i actually understood what your point was&#8230;</p>
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		<title>By: DavidB</title>
		<link>http://www.ritholtz.com/blog/2008/11/sp-500s-worst-ever-year/comment-page-1/#comment-128165</link>
		<dc:creator>DavidB</dc:creator>
		<pubDate>Sun, 23 Nov 2008 05:31:48 +0000</pubDate>
		<guid isPermaLink="false">http://www.ritholtz.com/blog/?p=10457#comment-128165</guid>
		<description>How the PPT has &#039;saved&#039; the market this year is exactly why so many people argue against pointless government intervention. It is like throwing a glass of taxpayer water at a fire. It doesn&#039;t do much for the fire and if the thirsty guy finds out you stole his water in order to &#039;save&#039; your house he won&#039;t be too happy. If he also finds out you were the one who torched it in the first place and that you probably have fire insurance anyway, then your house will not be the only thing burning. Especially if the only reason you torched your own was to catch his house ablaze knowing he doesn&#039;t have fire insurance and represents a &#039;competitive&#039; threat to your being able to sell your house.....even though you have fifteen other houses.</description>
		<content:encoded><![CDATA[<p>How the PPT has &#8217;saved&#8217; the market this year is exactly why so many people argue against pointless government intervention. It is like throwing a glass of taxpayer water at a fire. It doesn&#8217;t do much for the fire and if the thirsty guy finds out you stole his water in order to &#8217;save&#8217; your house he won&#8217;t be too happy. If he also finds out you were the one who torched it in the first place and that you probably have fire insurance anyway, then your house will not be the only thing burning. Especially if the only reason you torched your own was to catch his house ablaze knowing he doesn&#8217;t have fire insurance and represents a &#8216;competitive&#8217; threat to your being able to sell your house&#8230;..even though you have fifteen other houses.</p>
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