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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (41095)10/11/2008 2:32:08 AM
From: nonrev  Read Replies (1) | Respond to of 217815
 
Hey TJ. So are we now at the point you didn't think we would be at for at least a few more years? Is it possible.

The G7 statement didn't seem reassuring to me, just more talk-talk

TEOTWAWKI early bird special?

Rgds

nonrev



To: TobagoJack who wrote (41095)10/11/2008 4:15:26 AM
From: Muthusamy SELVARAJU  Respond to of 217815
 
Just read this in the NY Times, and it's from a Sean O'Connor commenting on an article covering Dr. Roubini's assertion that “the only reason Goldman didn’t go bust” was because of the “direct and indirect support from the Fed.”

Quote:
"As for Prof Roubini only one thing comes to mind:

“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly; who errs and comes short again and again; because there is not effort without error and shortcomings; but who does actually strive to do the deed; who knows the great enthusiasm, the great devotion, who spends himself in a worthy cause, who at the best knows in the end the triumph of high achievement and who at the worst, if he fails, at least he fails while daring greatly. So that his place shall never be with those cold and timid souls who know neither victory nor defeat.”

Theodore Roosevelt

Goldman Sachs has always been in the arena!

— Posted by Sean O'Connor

It's been over 20+ years that I've had intermittent access to parts of Goldman Sachs research reports (though never as a client, as I never qualified), and over the years, I've felt they are a quality organisation, with tremendous cachet worldwide, among the ultra wealthy, central banks, pension funds, etc. So, one is tempted to reflect, right now, esp. today, are Dr. Roubini's (and others like him) utterances passe, and should we be prepared, to think, act and humbling as it sounds, simply follow the wise old men of Singapore, esp if they are each "of who knows the great enthusiasm, the great devotion, who spends himself in a worthy cause, who at the best knows in the end the triumph of high achievement....."

Selva



To: TobagoJack who wrote (41095)10/11/2008 4:16:30 AM
From: acementhead5 Recommendations  Read Replies (1) | Respond to of 217815
 
"the mother of all bounces better happen, fast."

Didn't the mother of all market manipulated bounces already happen at 3pm friday? Up 9% in 30 mins. 9% in 30 minutes and no excuse of "thin market", day's turnover double 2008 average. How the hell can that happen? G20 must really be planning an all out attack on savers, who generate ALL capital formation.

The governments of the world are stealing from savers and rewarding speculators who made poor decisions.



To: TobagoJack who wrote (41095)10/11/2008 8:48:35 AM
From: carranza2  Read Replies (2) | Respond to of 217815
 
looking back in regret is not good. I kick myself for not going in 100% SKF when it was in 70s, 80s. Could have sold at 190s.

After all, I/we knew financials were screwed. That was the easy part. The hard part was backing up convictions with big bets.

There are vestiges of conventional thought that we cannot shake. They keep us from making ballsy gold/SKF moves.