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Irrational Exuberance

Discussion in 'Money & Finance Forum' started by meatpile, Mar 2, 2009.

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  1. Mar 2, 2009 at 12:20 PM #1
    meatpile

    meatpile 7-9

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    Just FYI - I think the markets are back at the level they were at when Greenspan uttered this prophetic phrase in December 1996.

    CRAPSHITTER******FUCK
     
  2. Mar 2, 2009 at 1:56 PM #2
    token

    token I'm a lady

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    Very close. It seems the wealth of the last 12 years was an illusion.
     
  3. Mar 2, 2009 at 3:52 PM #3
    VA49er

    VA49er Full Access Member

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    so the markets are working.........
     
  4. Mar 3, 2009 at 8:00 AM #4
    kshead

    kshead What's the spread?

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    Dow 36,000!

    Bitches!
     
  5. Mar 3, 2009 at 1:07 PM #5
    token

    token I'm a lady

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    absolutely. In fact, the fundamentals are strong. If the government would stop messing with the markets, the fall would be much more steep, but shorter in duration. Provide a safety net for those out of work and homeless if needed, and let the markets do their thing.

    btw: If your income level has dropped, many mortgage companies will work with you to modify your loan. Market driven interest rate adjustments.
     
  6. Mar 3, 2009 at 1:10 PM #6
    VA49er

    VA49er Full Access Member

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    Someone fucking tell Obama and the Fed this please.
     
  7. Mar 3, 2009 at 1:25 PM #7
    token

    token I'm a lady

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    Investor confidence won't return either until they can be sure that the government won't give some companies an upper hand while allowing others to fail. And any talk of nationalization is just a disaster waiting to happen. Do it or shut the fuck up.
     
  8. Mar 3, 2009 at 3:09 PM #8
    tharan000

    tharan000 Full Access Member

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    I think they said the same thing in '29 as well as Japan's lost decade. Temporary nationalization and stopping the low-ROI spending projects are what turned them around.
     
  9. Mar 3, 2009 at 3:59 PM #9
    tharan000

    tharan000 Full Access Member

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  10. Mar 5, 2009 at 9:51 PM #10
    tonync55

    tonync55 Full Access Member

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