PearlwhiteS2k

There's a reason why the stocks are 5 dollar bro. New company or they were good and fell to the grounds.

PearlwhiteS2k

Want fast return? Take ur cash to the casino. This is a investing forum not a fast doubling money forum.

mugens2003

One of the reasons im talking about pennies is take for example circuit city its crazy to see it drop like that(.64c a share) and it looks promising to rise if all goes through tmrw.

lOOkatme

Will be buying some more canadian oil sands trust, some DGP, SLV, and DBA.



the dollar is strengthening since people think this bail out will work.....and it won't.

mugens2003

Actually I was looking into doing some longer term investments in the future but I dont have that kind of money right now to invest.( i have 2 mortgage payments car payment etc.. hopefully you get me)

PearlwhiteS2k

Bro If i were u I wouldn't touch that stock. Save up some $$ then invest into to good solid companies like AAPL, RIMM, V, Canadian oil sand, etc.

PearlwhiteS2k

No one knows how good this bail out will be if I were you I'll use the cash to pay off my car down.

PearlwhiteS2k

Hey lookatme
Do you still think Canadian oil sand trust is good? The dividend looks very attractive to me.

Nate

lOOkatme

Of course it looks good. I hold tons of it now. I keep buying more with the dividends they pay me. I continue to accumulate more at these levels. These are fire sale prices right here.....I will continue to accumulate at these levels...the dividend alone is great...while it could continue to decline in the short term 3-6 months...the medium and long term prospects look great.


I also like HGT and PWE which are NG companies. They also pay hefty dividends....and I continue to deploy these dividends and fresh money either back into them, or I purchase futures through DBA, DGP, and SLV.


remember....I have a diversified portfolio....and I am bringing more cash into foreign stocks and dividend paying stocks....and putting these dividends back into them.



Sit back and think for a second.........If america does go through with this bail out plan......how are we going to pay for it? I don't see taxes being raised? Let's say 200 million people work in this country....and they use 2 trillion bucks total to try and back stop these companies....thats $10,000/person who works. Where are we going to get this money? They either have to borrow it or print more money. I know the people who own our mortgages (china, middle east, and japan) are now questioning if we can even pay back these mortgages....and they are getting pretty pissed. If the credit stops coming from them....we are toast. We borrow from them and buy products that are produced outside the US.....


The dollar is going to tank.

lOOkatme

The Great Depression was not a sudden total collapse. The stock market turned upward in early 1930, returning to early 1929 levels by April, though still almost 30 percent below the peak of September 1929.[6] Together, government and business actually spent more in the first half of 1930 than in the corresponding period of the previous year. But consumers, many of whom had suffered severe losses in the stock market the previous year, cut back their expenditures by ten percent, and a severe drought ravaged the agricultural heartland of the USA beginning in the northern summer of 1930.

In early 1930, credit was ample and available at low rates, but people were reluctant to add new debt by borrowing. By May 1930, auto sales had declined to below the levels of 1928. Prices in general began to decline, but wages held steady in 1930, then began to drop in 1931. Conditions were worst in farming areas, where commodity prices plunged, and in mining and logging areas, where unemployment was high and there were few other jobs. The decline in the American economy was the factor that pulled down most other countries at first, then internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, like the 1930 U.S. Smoot-Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the collapse in global trade. By late in 1930, a steady decline set in which reached bottom by March 1933.



Since there was deflation in the depression as the money supply actually contracted (there was a run on the gold at one point)....Bernanke believes the problems of the past was....they didn't run the printing presses. He is going to run the printing presses long and hard......we will be awash in dollars.


http://en.wikipedia.org/wiki/Great_Depression



Bernanke thinks...........



Monetarists, including Milton Friedman and Ben Bernanke, argue that the Great Depression was caused by monetary contraction, the consequence of poor policymaking by the American Federal Reserve System and continuous crisis in the banking system.[10][11] In this view, the Federal Reserve, by not acting, allowed the money supply as measured by the M2 to shrink by one-third from 1929 to 1933. Friedman argued[12] that the downward turn in the economy, starting with the stock market crash, would have been just another recession. The problem was that some large, public bank failures, particularly that of the Bank of the United States, produced panic and widespread runs on local banks, and that the Federal Reserve sat idly by while banks fell. He claimed that, if the Fed had provided emergency lending to these key banks, or simply bought government bonds on the open market to provide liquidity and increase the quantity of money after the key banks fell, all the rest of the banks would not have fallen after the large ones did, and the money supply would not have fallen as far and as fast as it did.[13] With significantly less money to go around, businessmen could not get new loans and could not even get their old loans renewed, forcing many to stop investing. This interpretation blames the Federal Reserve for inaction, especially the New York branch.[14]

One reason why the Federal Reserve did not act to limit the decline of the money supply was regulation. At that time the amount of credit the Federal Reserve could issue was limited by laws which required partial gold backing of that credit. By the late 1920s the Federal Reserve had almost hit the limit of allowable credit that could be backed by the gold in its possession. This credit was in the form of Federal Reserve demand notes. Since a "promise of gold" is not as good as "gold in the hand", during the bank panics a portion of those demand notes were redeemed for Federal Reserve gold. Since the Federal Reserve had hit its limit on allowable credit, any reduction in gold in its vaults had to be accompanied by a greater reduction in credit. Several years into the Great Depression, the private ownership of gold was declared illegal, reducing the pressure on Federal Reserve gold.