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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 386.01

+1.6%

Nov 12 4:00 PM EST

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To: TobagoJack who wrote (43545)	12/6/2008 12:56:33 PM
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TJ Yes, you have been a voice of reason over last so many years in as much as one can reason with the market forces, Kudos to you. I think there is a lot more pain the stock market to go and at this point people who can't afford to lose money should not be in stocks(many are blissfully unaware of their own risk tolerance and how cruel the markets can get in spite of the 50% drop so far, most expect a turnaround), yet many are hoping for a turnaround round the corner. The 1929 depression had Ben Graham and company take it on the chin since they did not anticipate depth of the event (as he ruminated in his book security analysis in 1934 and Graham Newman corp suffered many losses from that downturn), this one will likely have Buffett take it on his chin (he probably may not get affected all that much at his age and financial state). Looks like the wall street pmps are starting to try and pressurize big corporations into layoffs (read the link below), Intel is a cash rich company and can potentially survive through the downturn without significant job loss possibly until quite late in the cycle, may be the earnings will go down and so will the stock (to potentially a low value) but the company can still keep the jobs going; however, the analysts don't care about people's jobs they are only focused on stock value and trying to raise FUD and pressurize CEOs to start laying off (in spite of Intel denying the rumor the analyst keep pressurizing for layoffs). The idiots clearly miss the longer picture that if cash rich companies also start laying off in earnest this early in the economic clusterf*k, the whole economy not to mention stock market is headed to unforeseen depths (they are focusing on only short term). In my opinion, if the future of the economy is to fall into the abyss and get a eventual financial reset that you have alluded to, the best thing to try is save jobs at the cost of stock market and housing prices (and govt not do any more stupid things), if that does not work nothing else will work. oregonlive.com

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