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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: octavian who wrote (42455)	1/29/2009 2:01:43 PM
From: Boca_PETE	Respond to of 42834

At the risk of applying "negative spin" on the issue, I would point out that increasing business layoffs put downward pressure on real estate prices. Just yesterday, someone put a flyer in my mailbox offering to sell their home at an amount to just payoff the mortgage loan on the house because the person had been recently layed off and could no longer carry the house. From the above, the common sense implication is that declining home prices put more bank loan collateral underwater which in turn results in more foreclosures and more bank loan writeoffs and thus lower bank profits. Seeing those shrinking bank profits and smelling blood, short sellers drive the bank's stock price lower until the rating agencies lower the bank's credit rating. And so the taxpayer ends up bailing out another bank in fear that the interwined outstanding derivatives and credit default swaps will bring back panic to the markets. The bailout money comes not from tax revenues, but from out of thin air as created by the FED. P

To: octavian who wrote (42455)	1/30/2009 12:32:26 AM
From: Skeeter Bug	1 Recommendation Respond to of 42834

>>--OK. But you put an extreme negative spin on that news.<< no, the news is that bad. read the news. >>That's the same thing Fleck does.<< nope. he was too optimistic. the real destruction to the economy is $8 trillion and counting with no end in sight. $55 trillion in mostly unfunded "insurance" in the form of credit default swaps is far worse than anything fleckenstein predicted. far worse. oh, and where did fleckenstein put lots of his money over the past 8 years instead of in the stock market? gold. i bet you have no idea how well gold has done over the last 8 years or you wouldn't mock a man's investing style when 1. he's right and 2. gold crushed the returns of the stock market bubble bull you seem to love so much. absolutely crushed. can you say "triple?" how about "almost quadruple?" btw, i recommended gold (CEF) and TBT not so long ago and both caught fire since i recommended them. take a look at how well CEF and TBT have performed of late. my NGD is up 70% in less than a month. who'da thunk it? -lol- it might be fun to mock others, as over the brink likes to do, but it when it is painfully obvious that those you mocked have done nothing but school you... and you are the light weight in the comparison... well, self delusion is all you have left.

To: octavian who wrote (42455)	1/31/2009 1:00:19 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 42834

octavian, still in shock form gold's performance since 2000? perhaps you should have been learning from fleckenstein and making doubles, triples and quadruples in gold instead of mocking him for being 100% right about the insanity of the bubble market that currently threatens to bring down "casino capitalism" to its knees. but hey, you are still "up" right? well, for now. hold on tight as the economy crumbles right around you. GDP down most in 26 years... latimes.com worst dow and s&p january lost in history... bloomberg.com people are losing confidence in the "leaders" who destroyed their economies... uk.reuters.com china might not be buying so many treasuries unless the US rolls over and plays puppy dog to them... news.google.com it is called "the news." well, when guys like fleck tell you about it years in advance it is "news." by the time most folks figure it out it is really "olds." and that gold chart for others to see... kitco.com