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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (99093)	11/18/2007 9:04:52 PM
From: maxncompany	Respond to of 313013

I'm saying that I'm looking at where we are going. I don't need to google "unemployment" to know it's worse than official Washington stats. Ditto inflation. Ditto GDP, as a result of intentionally understating inflation. Ditto the credit market, whereby banks are now afraid of each other. Ditto, the FED relaxing already lax regulation and allowing increased risks by banks that got in trouble from too much risk in the first place. Again, the FED accepting from banks garbage derivatives that have no ascertainable market value. This is desperation by the FED. Ditto derivatives that have no regulation, no transparency, no ascertainable market value, only theoretical value that allows corporations to state earnings out of thin air. That's right, some of Wall Street's earnings the past couple of years we're made up out of thin air, not as determined in the market. Rating agencies operating with a severe conflict of interest, assigning AAA ratings like they were handing out candy. A lot of bonds not deserving of AAA, were given AAA because their debt insurer was rated AAA, not the issuer themselves. And now we find that the AAA rating on these insurance companies are bogus. These bond insurer stocks are tanking 50% or more the last few months, as people are catching on to what has been going on. In other words, I think you make an effort to avoid looking beneath the surface. But that doesn't make it go away. "Everything isn't coming up roses, but troubles and down markets in the past have spelled opportunity...." I agree, hence my interest in gold/silver miners, and lately, also energy.