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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (187325)	3/1/2009 7:28:22 AM
From: stockman_scott	Respond to of 306849

a few of the interesting comments out on the Ritholtz blog... Big Tony Says: February 28th, 2009 at 10:33 pm Off topic, but the United States is down for the count, and I am not sure she is getting up. Friends, both political parties are organized crime syndicates that provide protection for loot. They run a protection racket, and this credit crisis underscores my point. The little guy will get left holding the bag while the crooks ride off into the Hampton’s sunset. While we argue amongst ourselves, they steal us blind! Until we can get the majority to agree with the above statement, I am not sure our country can enact fundamental change to steer the ship in the right direction. Sad really….. ____________ KidDynamite Says: February 28th, 2009 at 6:37 pm ....Barry - I LOVE this Santelli conspiracy theory! I’d feel like the little kid tugging on Shoeless Joe Jackson’s pantleg begging “Say it ain’t so, Joe,” if I found out Santelli was a shill. but when do we get a thread to talk about the other conspiracy theory: the one where on the day that the S&P was sitting on a critical support level, and got enough bad news to potentially crush any chance of a rally (effective Citi nationalization, GE dvd cut for first time in 70 years or so, and GDP down over 6%) that should have sent the market into a vicious tailspin - the market still attempted a rally! Are you telling me this wasn’t the Plunge Protection Team trying to get things rolling, before running out of ammo (hence the selloff into the close) ? someone remarked to me about month end trading - but my experience has been that month end trades are usually of the mark UP variety, not the mark DOWN variety… Viva la PPT! _______________________________ Barry Ritholtz Says: February 28th, 2009 at 7:11 pm Since this is now an issue: My views are pragmatic rather than ideological. I agree with Ron Paul about many issues — but I wouldn’t follow him off a cliff. I supported McCain in 2000, I did not in 2008 (I did not vote in 2004). I am much more interested in Truth than Spin, getting to the underlying reality than politics. You will note I posed this as a question, and that I don’t know what the truth is — but I would like to find out. Those of you who are SO SURE about the reality of this — having performed exactly ZERO research — belie your obvious lack of knowledge and political bias. If this turns out to be remotely true, then it confirms my worst suspicions about the negative impact of media on investing. __________________________ jmay Says: February 28th, 2009 at 11:16 pm I have to agree with Mike J. I’m a big supporter of Obama and have been very under-impressed with Gibbs. And I agree with Will Profit as well. This isn’t about GOP versus the Dems — It’s about Americans over 40 versus everyone under 40. The Boomers have underpaid their taxes for decades, creating giant structural imbalances that precipitated many of our current problems (which have only just begun). As a result, Gen Xers were sold overpriced college tuitions, overpriced health care, overpriced houses to keep it all spinning — only to find stagnant wages and outsourcing. The solution was taking on too much debt and too much risk to maintain the lifestyle they were told they were entitled to. Now that the system has melted down, it’s the top earning Gen-Xers who will be tasked (and taxed) with the clean-up in their prime earning years, while Boomers try to build a fortress around what’s left of their 401Ks. The Gen Xers who lean right — and who have short memories — will paint themselves as fiscal conservatives and rail at the inequity of it all. But the mistakes were made long ago. Rather than being mad at congress, at Paulson and Bernanke, they should really storming the gates of their parents’ gated communities. ________________ ritholtz.com