700 Billion dollar bail out.

[skiking]

I went to the bank today to order some new checks, and I was talking to one of the loan officers while I was waiting to be seen and he was saying that they are expecting a run if the bail out doesn't go through.  It is scary when the banks are worried about runs.

[schro]

I went to the bank today to order some new checks, and I was talking to one of the loan officers while I was waiting to be seen and he was saying that they are expecting a run if the bail out doesn't go through.  It is scary when the banks are worried about runs.

Eat more fiber.

[GASlick]

Personally, I've been on the phone with my stockbroker more the past two weeks, than the past two months.

buy! buy! BUY!
 

[Mikekoz13]

Personally, I've been on the phone with my stockbroker more the past two weeks, than the past two months.

buy! buy! BUY!
 

I agree!!!! It's a great tiem to buy. Think back to 1983 when there was the mini-crash. I remember people in my office crying uncontrollably and wondering what they were going to do.

I'll bet the patient ones made out like bandits.

[hammerdrill376]

In light of the supposed bail out and the rest of the crap going on in our nation I thought this video would be appropriate. Sorry if its a bit too redneck for some..but I think you'll get the message from Merle Haggard

[GASlick]

I'm taking an educated risk and buying some financial stocks.  Some of them are fundamentally strong, just being dragged down as a sector. 

My google is like a roller coaster.  Don't buy that unless you have a strong stomach or a barf bag! lol

[Robmeister]

Would you also call for a multi billion dollar bail out of Microsoft if they made some bad business decisions and their stock fell to $1.00 a share?........

I think that's the major point and a good one.

Yeah...Microsoft...like AIG if they FAILED would cause a GLOBAL economic disaster, the likes of which the world ain't seen since the great depression.

Govt. bailouts take the RISK out of doing business.  We can't have companies simply saying, "Ahhhhh, C'mon....let's go for it....if we phuk up, the govt will bail us out."

Disagree. Bail outs don't take out the risk, it shifts the risk ..... to you & me, the citizens of the country.

Well, yeah....true....

[Robmeister]

buy! buy! BUY!
 

Funny thing is most people know the "BUY LOW, SELL HIGH" thing....

But in reality--since it's so EMOTIONALLY driven.....a whole lot of folks do just the opposite they get scared and liquidate to cash equivelants.

The phones at our office are ringing off the hook....not to buy...but clients freaking out...wanting to get out all together....

[Brkeatr]

Yeah , and look at all the Wall Street CEO's that have walked in the last few months with Millions and that's not counting all the ones with the golden parachutes....My God, Alan Fishman, the new CEO of WaMu, has been on the job 3 weeks and could walk away right now with over 18 million in salary and bonuses.....give me a break !!

[andrew]

While I  normally am not in favor of the government bailing out the private sector, my opinion is that this situation warrants some type of intervention.  If AIG were to have failed, it would have had far-reaching affects all around the planet.  They claim that breaking up AIG and selling off the pieces to the private sector could bring in more than the AIG bailout price tag.  But, my opinion is that the overhead that comes with government management of the process will likely preclude any possibility of breaking even.

They let Lehman fall because they were somewhat self-contained.  But, IMO avoiding this next bailout may likely lead to further tighening of credit, which will stiffle business's ability to function, nevermind expand, and drive us into a much deeper and longer economic downturn.

[Robmeister]

While I  normally am not in favor of the government bailing out the private sector, my opinion is that this situation warrants some type of intervention.  If AIG were to have failed, it would have had far-reaching affects all around the planet.  They claim that breaking up AIG and selling off the pieces to the private sector could bring in more than the AIG bailout price tag.  But, my opinion is that the overhead that comes with government management of the process will likely preclude any possibility of breaking even.

They let Lehman fall because they were somewhat self-contained.  But, IMO avoiding this next bailout may likely lead to further tighening of credit, which will stiffle business's ability to function, nevermind expand, and drive us into a much deeper and longer economic downturn.

 

Agreed !

[GASlick]

buy! buy! BUY!
 

Funny thing is most people know the "BUY LOW, SELL HIGH" thing....

But in reality--since it's so EMOTIONALLY driven.....a whole lot of folks do just the opposite they get scared and liquidate to cash equivelants.

The phones at our office are ringing off the hook....not to buy...but clients freaking out...wanting to get out all together....

Now is the absolutely worst time to get out.  What you do is buy good, quality companies at a good price.
I've picked up one financial stock (big bank)  last week after the 400 pt fallout and now it is $12 higher than I paid for it.  Watching it closely though. 

I read today that buying stock for the long term is no longer a viable investment strategy.  Stocks are traded so emotionally.  I have my mutuals and all that long term stuff set up.  I keep around $4000 - $5000 in cash available just for these opportunities.  Snatched up some good deals the last two weeks.

[andrew]

buy! buy! BUY!
 

Funny thing is most people know the "BUY LOW, SELL HIGH" thing....

But in reality--since it's so EMOTIONALLY driven.....a whole lot of folks do just the opposite they get scared and liquidate to cash equivelants.

The phones at our office are ringing off the hook....not to buy...but clients freaking out...wanting to get out all together....

Now is the absolutely worst time to get out.  What you do is buy good, quality companies at a good price.
I've picked up one financial stock (big bank)  last week after the 400 pt fallout and now it is $12 higher than I paid for it.  Watching it closely though. 

I read today that buying stock for the long term is no longer a viable investment strategy.  Stocks are traded so emotionally.  I have my mutuals and all that long term stuff set up.  I keep around $4000 - $5000 in cash available just for these opportunities.  Snatched up some good deals the last two weeks.

It takes a real contrarian to buy in this market, although it will likely pay off over the long haul. 

[GASlick]

I've been contrarian my whole life!

Zig when everyone else is Zagging

[time2shine]

I went to the bank today to order some new checks, and I was talking to one of the loan officers while I was waiting to be seen and he was saying that they are expecting a run if the bail out doesn't go through.  It is scary when the banks are worried about runs.

Eat more fiber.

LOL