Official Let's Make Some Money Off Stocks Thread
09-16-2008, 06:12 AM
#1032
Registered User
I got stopped out of the SKF at 132. I really don't understand why it's actually in the red right now.
I also got stopped out of the EEV which I started a position in with a tight 3% stop this morning.
I also got stopped out of the EEV which I started a position in with a tight 3% stop this morning.
09-16-2008, 06:55 AM
#1034
Is AIG a buy or sell at $3/sh?
09-16-2008, 07:25 AM
#1038
Administrator
Thread Starter
The Fed is going to lend money to AIG. The Fed has become the biggest payday loan company in history. How do you feel as an American knowing your currency is backed up by junk bonds and foreclosed sub-prime mortgages?
09-16-2008, 07:28 AM
#1039
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Originally Posted by cthree,Sep 16 2008, 11:25 AM
The Fed is going to lend money to AIG. The Fed has become the biggest payday loan company in history. How do you feel as an American knowing your currency is backed up by junk bonds and foreclosed sub-prime mortgages?
09-16-2008, 08:00 AM
#1040
Registered User
Wait, wait - I thought "Greed is good." 
Not being an expert in this sort of stuff, my impression is that this is way, way more critical than the dot-com bubble burst, no? It's not like the web startups were being sold around as AAA assets like sub-prime mortgages, eh? That just resulted in some VC money losses and some lower employment.
It's hard for me to comprehend the required magnitude of screwed up mortgages that could lead to such a situation. If so many loans are going belly-up, why isn't there some sort of homelessness spike? Personal bankruptcy spikes? Cheap apartment rent spikes?
(My apologies if this isn't appropriate for a nominally stock related thread...)
Not being an expert in this sort of stuff, my impression is that this is way, way more critical than the dot-com bubble burst, no? It's not like the web startups were being sold around as AAA assets like sub-prime mortgages, eh? That just resulted in some VC money losses and some lower employment.
It's hard for me to comprehend the required magnitude of screwed up mortgages that could lead to such a situation. If so many loans are going belly-up, why isn't there some sort of homelessness spike? Personal bankruptcy spikes? Cheap apartment rent spikes?
(My apologies if this isn't appropriate for a nominally stock related thread...)