Official Let's Make Some Money Off Stocks Thread
09-16-2008, 08:13 AM
#1041
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Originally Posted by Elistan,Sep 16 2008, 08:00 AM
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...)
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09-16-2008, 09:45 AM
#1043
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I'm with Martha, will be pissed if the Fed guarantees a loan to AIG!
To me, liquidity is part of being a financial entity. Assets are not the be-all of value. We might own a home but if we need cash we might not get a fair loan on it. Cash flow kills MANY smaller businesses and is the reason for the usurious accounts factoring niche.
if you mismanage a private business you should fail. Fannie and Freddie are special cases because their function was always loan guarantees. They might as well have been government-owned from the get-go. For AIG (and LEH and GM and ...) I say let the chips fall where they may. We're headed for big unemployment regardless.
To me, liquidity is part of being a financial entity. Assets are not the be-all of value. We might own a home but if we need cash we might not get a fair loan on it. Cash flow kills MANY smaller businesses and is the reason for the usurious accounts factoring niche.
if you mismanage a private business you should fail. Fannie and Freddie are special cases because their function was always loan guarantees. They might as well have been government-owned from the get-go. For AIG (and LEH and GM and ...) I say let the chips fall where they may. We're headed for big unemployment regardless.
09-16-2008, 11:19 AM
#1044
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Bailouts are nothing but a lack of conviction to free enterprise. Free enterprise means that you have the freedom to not only succeed but also fail. An unwillingness to allow failure is denying strong and healthy companies the opportunity to succeed. It's pure socialism.
Save AIG? At what cost? At the expense of the taxpayers and the free market system? To say AIG or anyone else cannot fail is to say they are a monopoly who should be either nationalized or broken into smaller pieces.
I love the conservative hypocrisy.
Save AIG? At what cost? At the expense of the taxpayers and the free market system? To say AIG or anyone else cannot fail is to say they are a monopoly who should be either nationalized or broken into smaller pieces.
I love the conservative hypocrisy.
09-16-2008, 11:58 AM
#1046
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Originally Posted by cthree,Sep 16 2008, 03:19 PM
I love the conservative hypocrisy.
09-16-2008, 12:13 PM
#1047
Originally Posted by cthree,Sep 16 2008, 06:58 AM
It's a hands down "sell the shit out of it" SELL
Anyway, put a limit order in at $4.50 and a stop loss at $2.30 and it triggered the $4.50 this afternoon.Not a bad 50% gain in 5 hours.
and apple will be reporting good news in the next week.
09-16-2008, 01:26 PM
#1049
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Originally Posted by QUIKAG,Sep 16 2008, 12:13 PM
When I posted about whether AIG was a buy/sell at $3, it was after I had already bought it at $3/sh. Anyway, put a limit order in at $4.50 and a stop loss at $2.30 and it triggered the $4.50 this afternoon.
Not a bad 50% gain in 5 hours.
Anyway, put a limit order in at $4.50 and a stop loss at $2.30 and it triggered the $4.50 this afternoon.Not a bad 50% gain in 5 hours.
09-17-2008, 06:46 AM
#1050
I'm actually going to LV today, but it is for business meetings, not to gamble. Well, maybe I'll gamble a bit, but I'm not a big fan.