Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (15904)	2/27/2009 1:45:11 PM
From: patron_anejo_por_favor	1 Recommendation Read Replies (1) \| Respond to of 50503

It did go "somewhere"....it went into rapidly deteriorating, now-vacant McMansions in Riverside, CA, Queen Creek, AZ and Cape Coral, FL. The holders of same are now getting took to the woodshed.....

To: NOW who wrote (15904)	2/27/2009 2:11:22 PM
From: SliderOnTheBlack	16 Recommendations Read Replies (3) \| Respond to of 50503

re: ["well this is simply not true, though i agree with the transfer of wealth scheme."] I know for a fact... that there is massive offshore money in a little non-descript office building in a pretty little Caribbean island, that is shorting the living hell out of this market and financials.... with your tax dollar -- TARP funds. Much of the money that people think is going to "money heaven" is not... It's going into the pockets of offshore banks. I can PROMIS you that. WHY do you think they haven't reinstated the uptick rule for shorting, or changed the mark to market accounting rules? That would stop the bleeding IMMEDIATELY! Banks wouldn't need any more of your tax dollars, your 401K's would stop imploding, and companies would stop the massive panic layoffs... and consumers would start spending if the market turned. And they could stop all of this at any moment, if they wanted to... but, they don't want to... because they're not done looting yet - period. And don't tell me that they don't want to do this because it wouldn't be "free market" friendly... because NOTHING they're doing has anything to do with free markets, or capitalism. This is the greatest heist in the history of the world, and it's occurring in broad daylight. Central banks are doing what they do best... create boom, to bust cycles that enrich those that know when policy changes are occuring... and those who get the newly printed money first. That "new" money buys up assets as they are being puked, and then sells them back at huge profits, as the newly printed money slowly works it's way through the system, during the expansionary phase of the next business cycle. Inflate, create a boom, dump, create a bust, loot & pillage... inflate, create a boom, dump, create a bust, loot & pillage... Wash, Rinse, Repeat. The same bankers who just looted & pillaged the financial system, are naked shorting this market and cleaning out 401K's, IRA's, pension funds, insurance companies, and banks. When they're done shorting... and done buying up assets at pennies on the dollar...then, and only then, will you see the uptick rule reinstated, and the mark to market rule changed. When that happens -- buy hand over fist, but not until. And I don't think it will happen until commercial real estate busts... because they want those assets badly. And you can take that to the bank. SOTB

To: NOW who wrote (15904)	2/27/2009 8:36:44 PM
From: arun gera	2 Recommendations Read Replies (1) \| Respond to of 50503

>The fact that $2 trillion has suddenly “evaporated” means that some corresponding value is now under new ownership.> That corresponding value is probably just $0.2 trillion. When valuation go from $8 trillion to $6 trillion does not mean $2 trillion of money was released to other sources. That is the reason why stocks can go much lower. All these newly unemployed people have not really started removing their money from their 401 K accounts yet. They do that when the severance runs out, or they have not found a new job. So that is about 6 months to one year away. And in another 2 years the retired baby boomers start tapping their retirement funds or at least decrease their contributions. -Arun