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NotJesseL (59.84)

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Market Bottom? SNL has a funny skit on wall street

March 23, 2009 – Comments (1) | RELATED TICKERS: SPX

Saturday Night Live had a funny skit about a new trading platform that would only let you sell. Therefore, we may have hit the market bottom, when the idea that stocks only go down has penetrated the cultural psyche to this level....

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How serious is the next credit crunch - credit cards?

December 06, 2008 – Comments (4) | RELATED TICKERS: C

My opinion is that even though it will be more "painful" (psychologically), the credit card crunch, where we will lose about 2 trillion in credit card lines of credit, is less serious than the current credit crunch, because there is less money involved. Most people have far less debt on their credit cards than on their houses. What do others think? 

 

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