Wikinvest Wire

That pesky right-hand column

Saturday, February 07, 2009

If someone could just do something about that column on the far right (via the WSJ) ...
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10 comments:

dearieme said...

Are US Treasuries missing from that list?

Tim said...

I just cited the source so I will not again be blamed for not including U.S. Treasuries.
Oops... too late.

Anonymous said...

Tim,

Did you read this:

http://blog.stealthmode.com/2009/02/06/an-open-letter-to-my-two-mortgage-companies/

Francine Hardaway meet Casey Serin, Casey: Francine.

Anthony J. Alfidi said...

The "do something" mentality is what's driving the fiscal stimulus package, TARP, TALF, and other wasteful throwing of good money after bad.

Tim said...

Wow, the lady is 65 years old with a monster mortgage...

Anonymous said...

Approaching 65, got in an IO loan and HELOC’d out, obviously she doesn’t have a brain for entrepreneurship.

A alleged startup VC fund partner doesn’t even have enough money to buy her home free and clear? That sounds very fishy to me. It seems like she is providing marketing consultancy service, man, that will scare away enough clients. And she is a PhD.

PHD=Permanent Head Damage, I am glad I escaped that program early enough to avoid a permanent damage.

Expat said...

The implication is that the stock numbers are realistic. The market rallied principally because the government is about to transfer one trillion dollars from the taxpayers to corporate America. Additionally, it rallied because it is becoming obvious that no bankers will lose bonuses, let alone go to jail.

You want a real rally? Just have the government hand over fifty trillion dollars to each company on the S&P 500. Wow! That would rally make the index go up.

Of course, I realize you pointed out the pesky right hand column, but the message you are sending seems to imply that the rally was good, honest, and sustainable...now we need to keep it up and we'll get to those big negatives somehow. Am I wrong?

Tim said...

Yes, you are wrong.
I'm echoing the feelings of millions and millions of investors who desperately just want their stocks (and their retirement accounts) to go back up and don't see the bigger picture.
A good deal of what I write should not be taken literally.

Blissex said...

«I'm echoing the feelings of millions and millions of investors who desperately just want their stocks (and their retirement accounts) to go back up and don't see the bigger picture.»

How right was Grover Norquist!

http://www.prospect.org/web/page.ww?section=root&name=ViewWeb&articleId=11699
«The 1930s rhetoric was bash business -- only a handful of bankers thought that meant them. Now if you say we're going to smash the big corporations, 60-plus percent of voters say "That's my retirement you're messing with. I don't appreciate that". And the Democrats have spent 50 years explaining that Republicans will pollute the earth and kill baby seals to get market caps higher. And in 2002, voters said, "We're sorry about the seals and everything but we really got to get the stock market up.»

Expat said...

Ok, fair enough. It's just that these days it's very hard to differentiate even the wildest satire from mainstream reporting. So, unless someone is extremely clear about his position, it's confusing. I admit, I should know better after all the stuff I have read on your site. An yet...

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