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I'm an Independent Business Owner with Amway Global.

I can not think of anything better than... I have not read a better post on this forum to date.

Fixed.

Word. To add, eliminate government funding and handouts from cities with the highest unemployment, crime, Jheri Curl sales, and overall poverty. If DeShawn or LeShantae are no longer collecting welfare checks, they'll be looking for a job the next day. While we're at it, let's help out some local business owners in the area by tripling the rates and fees on pay-day loans and cashed checks. Complacency has never motivated anyone.

I love these threads! Here is a thought...tax everyone who makes under $200k at a flat rate of 40%. Make more than $200k, and you don't pay a dime in income taxes. What better incentive to succeed than that? :)

:lol: Excellent post, Chuck!

A cut in production is absolutely necessary. Not doing so is completely irresponsible.

:lol:

No no no...you have it all wrong. Unfortunately, you are the product of the the Republican brain-wash machine. Every morning when George Bush wakes up, he decides what the price of crude oil and gasoline will be. If he's feeling nice, he keeps prices the same. If he wants to go shopping that day, he'll raise the prices to put some extra money in his pocket.

Yeah...damnit. The label on the packaging said it was supposed take effect within 24-48 hours and the entire crisis was to be solved in less than a week. I guess it didn't work. Idiot.

The automotive aftermarket is strong enough to find ways around any electronic nanny. With more and more basic functions being computer-controlled, it doesn't even take a h4xor of 1337 status to figure everything out. I'm not worried.

Yeah. I'd rather put my money on a prop 2 or 12 bet on a craps table. At least I could be served drinks while I lose everything.

And it appears so: http://www.forbes.com/feeds/ap/2008/10/05/ap5509671.html Looks like C will be the first stock I'll buy Monday morning. Should be good for an easy 15% intra-day.

Nothing is for sure until next week, although there is a good chance of a bidding war for WB by C and WFC. I might throw some money at it Monday morning purely as a speculative play on that, but if Citi wins this battle for Wachovia and Wells is forced to end talks of the deal, the stock will crumble.

The only thing that scares me are the people like you who know absolutely nothing about this plan and what it will do calling your local representatives and voicing your opinion on why it should not pass.

Yes...way before. My last trade was pre-market two Fridays ago when I bought it around $20 and sold it at $24.50 half an hour later. I was trying to find a good time to re-enter and didn't, thankfully. My call on WB was way off and I would have never expected what happened over the last several days. I'll own up to that. It was to the surprise of myself as well as many others. Woulda, coulda, shoulda...although looking back in hindsight gets you nowhere. I watched it fluctuate between $0.70 and $1 pre-market yesterday but I never pulled the trigger. Regardless, its price today means nothing to me since I don't hold financials overnight. Part of me wants to say today's rally was more of a dead cat bounce than anything.

I can't even begin to tell you how flawed your analysis is. But I will agree that Pelosi is the dumbest cunt on Earth and needs to fall into a wood-chipper. Regardless of the catastrophic blood-bath on Wall St. today, the investing long and/or holding equities over night model is gone, and has been for the last 6 months. Your money is at risk if you are holding a position and walk away from a monitor showing a real-time tick-by-tick quote. Day-trading is the only way to make money in this environment. Buy purely on technical analysis that second. Wait for a small gain. Sell. Repeat. Need to take a piss? Close your positions and piss in comfort sitting on cash, knowing it wont be worth 5-10-15% less when you come back. Compounding small gains daily is the only way to go.

No and no. "This all happened" because of one reason: People did not pay their mortgages which they agreed to. It's as simple as that. Yes, there were significant underlying factors which had a severe domino effect on everything else, but simply put…bills not being paid were the root of it. If mortgages were paid every month and foreclosure rates remained at normal levels, this mess would not exist. Speculation, day-trading, and short-selling have existed since the inception of the stock market. I would even say that the latter two are necessary for a free-market to function properly.

I can say with confidence that WB will have a solid run up once this bill passes (and it will). Their mortgage-exposure is quite a bit higher than most other names in the sector and they have been beat down hard since I sold it at $24 last week, so I expect it to be one of the first names off to the races. We can easily see $20 by next Friday, and that's being conservative. Tomorrow, however, will be a rough day for financials, so I'll be looking at entry-points for FRE, WB, BAC, and even WM as purely a speculative play. We could see a 50-60% pop in WM intra-day with a massive short-covering. As of this second, I'm sitting on 100% cash as I would recommend anyone to do before the market's closed if you enjoy sleep. :)

Hey, now...I never claimed to be a preffesional. I just properly place my bets. Case and point: today. I thought we were bound to see a solid rally. Didn't happen. You can't be on the right side of the trade every time.

Watch for the pop in financials tomorrow. Buffet sneezed and spew $5B onto Goldman about an hour ago. Loaded up on GS ($126.50), MS ($29), and WB ($15.12) after-hours, stopping out at $115, $27, and $14.75 respectively. Looking for another 20% collectively again before the close.

The chicken terragon sandwiches at Starbucks? Those are good! Hmm...I dunno if I could, but I have an uncle. His name is Sam. Last I heard, he's giving money away left and right. :)

I can only wish. :)

I wouldn’t even consider those trades risky in light of the news that was coming out yesterday afternoon. Besides, my risk tolerance on the money I play with day-to-day is very high. The real money is managed by professionals and in property. The risk was when I had short positions on these stocks last week, not knowing when financials were going to pop on anything better than disastrous news.

Spent? Since when was the purchase of a security considered an expenditure? :huh: