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To: Real Man who wrote (383715)4/7/2009 12:36:17 PM
From: $Mogul  Read Replies (1) | Respond to of 436258
 
"Times are not good, but this recession is very long in the tooth already and the Fed is working very hard on getting employment up".

Get used to another 2 years of this at least. peak unemployent is a still a ways away. Part of the problems is that most do not understand the severity of what is transpiring and will contineu to throw good money at bad investments.



To: Real Man who wrote (383715)4/7/2009 2:08:11 PM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
>>>As a comparison, when FDR revalued gold, this corresponded
to "only" 75% increase of the base. With 1.5 Trillion to
be printed, the Fed is going for 200% increase of the base now!!!<<<

But the effects of the inevitable inflation may not bite the equity markets hard until interest rates are forced up and the money supply undergoes some kind of restraint.

So there could be a year or more of easy money partying just as there was in 1972, except a wilder party.

If I can get out of my very recently renewed SRS position with a respectable little profit, I am going home and sleep off my last little bear-binge and let whoever wants it drink up what's in the punch bowl. Did anyone besides me on this thread ever hear of Purple Jesus?

EDIT: Google finds over 100,000 Purple Jesus references, no reply needed on that.



To: Real Man who wrote (383715)4/7/2009 9:42:21 PM
From: Giordano Bruno  Respond to of 436258
 
–Lately everyone in the stock market is obsessed with bottoms. That is, the bottoming in housing, in equity share prices, in corporate earnings, in economic activity, and whatever else. Global strategists at Citigroup counseled patience in commentary, saying that they don’t expect the global profits cycle to hit its lowest point until 2010.

WSJ