Prepare for a U.S. Market Crash

[RandomGuy]

it will happen when people pull their money out of their IRA's and 401K's en mass. I am doing it tommorrow.

I would only do so if I were about to retire.

If your time window is longer than 8 years or so, then don't bother.

[RandomGuy]

Do you know the market was up last week? You are the poster child for someone who wants his ego stroked, but even the reason why you "supposedly" predicted a market crash was wrong.

It's obvious when things go bad you vindicated for some reason or another.

The other side to this argument is the government needs to provide needed liquidity so financial insitutions aren't forced into fire sales. 12 months from now the market will be past this, but long-term if you ever took the time to read my post, I'm an economic pessimist.

As I said before, you are a slave to your bias.

The le of the thread is the le of the article. It is an eye-catching one, but not my words specifically.

I also said that I thought the article was pessimistic. I stated the bit in the article that I agreed on, namely that the dollar was in for something of a slide.

Given the intervening two years, the dollar slid, and the "market will crash" scenario was pessimistic.

I have strongly suspected that some real blood letting would happen after learning that a lot of the subprime stuff got repackaged into CDOs, but was suprised at the scope so far. The other thread I posted noted the dangers of the ARMs that have helped cause this mess and that some real es in defaults seemed to be coming.

You dislike me, so you automatically assume that what I say is somehow flawed, and instead of reading my actual words in this thread, you simply read the thread le and assumed that I was all "OMG the sky is falling".

[2centsworth]

I have strongly suspected that some real blood letting would happen after learning that a lot of the subprime stuff got repackaged into CDOs, but was suprised at the scope so far. The other thread I posted noted the dangers of the ARMs that have helped cause this mess and that some real es in defaults seemed to be coming.

I'm shocked at how far it's escalated.

You dislike me, so you automatically assume that what I say is somehow flawed, and instead of reading my actual words in this thread, you simply read the thread le and assumed that I was all "OMG the sky is falling".

I don't dislike you. I dislike your biases such as, business is predatory & republicans are racists.

[RandomGuy]

I'm shocked at how far it's escalated.

I don't dislike you. I dislike your biases such as, business is predatory & republicans are racists.

I don't think business is predatory. Business CAN be predatory, and I think that the vast majority of publicly traded corporations have corporate boards that represent the interests of management over the interests of shareholders, and I can easily point to Enron, Tyco, Worldcom, Countrywide, and the current crisis as aple evidence of this.

I DO think there is a strong streak of racism on the part of more republicans than the average Republican would care to admit to, and I don't have to dig to far for evidence of this.

In general Republicans are NOT card carrying members of the KKK.

Is the republican party inherently racist? No.

BUT

I do view the party as the party of rich white guys, by rich white guys, and for rich white guys.

The fact that it took until 2008 to have the first potential woman VP, and NEVER has had a serious woman candidate for the presidency would tend to indicate this.

The fact that you would have to put some serious effort into finding anybody from a racial minority at the convention would also tend to indicate this.

There is no shame in representing the interests of rich white guys. They need a party to represent them just like any other group in a democracy, but don't lie to me and tell me that the party in general really cares about anybody else.