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To: Dale Baker who wrote (64869)9/19/2008 8:42:04 PM
From: Paul SeniorRead Replies (2) | Respond to of 118717
 
Imo, today will have been the best single day a diversified USA investor will have seen in his/her portfolio in the past 50 years. No other day can compare in my experience or to my knowledge. Such a broad rally and so many multi-point gainers in all sectors. Talking here about anybody who holds a diversified portfolio, is fully invested more or less -- hasn't gone to cash in recent weeks.

That said, stocks could reverse, reverse quickly, and continue their slide. Further, in spite of it being such a good day, although I don't know where I stood a week ago, I can report I am still down from where I was three weeks ago (Aug month end). I suspect I have a long way to go to recoup a lot of losses, assuming that's even possible.



To: Dale Baker who wrote (64869)9/19/2008 9:02:47 PM
From: Norrin RaddRespond to of 118717
 
I'm absolutely LOVING the whining and crying of the short hedge funds who have, IMO, significantly contributed to the severity of the financial crisis. Poor babies won't make their $100 million 20% skim of profits this year. These idiots would trash the entire financial system of the planet just to take a shot at their $100 million per person skims.

Yes, the troubled financial firms were run by morons and were one of the root causes of the problems but the shorts would burn the entire world with their extreme greed to get their 20% of profit fees.

And we need restoration of the uptick rule now.