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alstry (34.92)

Alstry Right Again???? Say it isn't so!!!!!!!

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December 11, 2008 – Comments (3)

As the mainstream press was leading you to believe that a bailout was in the bag.

Alstry a few days ago:

There is no chance of an Auto Bailout

http://caps.fool.com/Blogs/ViewPost.aspx?bpid=118141&t=01002130057764754273#comments

MarketWatch Tonight:

Bailout Falls Apart in the Senate.

It is not that Alstry is omnicient.  Simply a product of the school of hard knocks and a bit of common sense.  There was a better chance for an eye of a needle to go through a camel than the bailout deal as articulated to pass the Senate.  The reasons were stated in my previous post.

My friends, please notice with recent layoff notices, we are talking 10% of the workforce or 10,000 or more at a time.  It doesn't take long for the numbers to add up quickly at this pace.

Again, don't despair......prepare.  One part prudence, Two shots Gin, and a good second cigar that you can buy for a fraction of the price of a first.  We are all in this together.....in one way or another we are dependent on each other for the system to work for us all.  It doesn't take long for the deterioration to affect everyone...you know....six degrees of separation ect.......

If you are doing OK.....maybe lend a helping hand to those less fortunate if you are so inclined.  If not.....becareful not to be too full of yourself.......no one knows where this is going.  Hopefully, we can help each other to try to make the distress as palatable as possiible.

WATCH A LAST MINUTE REPRIVE JUST BEFORE THE MARKET OPENS.....Who knows?

As I said before....NO ONE knows where this is going.

 

 

3 Comments – Post Your Own

#1) On December 12, 2008 at 12:15 AM, BradAllenton (31.30) wrote:

My guess is Paulson will do it over the weekend, reverse his position and lend it from TARP.

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#2) On December 12, 2008 at 12:55 AM, Mary953 (77.81) wrote:

Alstry,

3 comments -

1. You know already that I agree with you here.  If anything I have written seems to fit, I leave it to you to move it over to this blog.  I begin to think you are preaching to the choir, and I am just humming along.

2. And this is where you lose belief that I have any basic common sense at all.  The comments of "Happy Playing," game, bets, and the rest finally gelled tonight with the blog on Dogpiling.  The Motley Fool Caps, scores, etc are not just to keep up with how we do against the stock market (as I thought).  We are in a game against each other and at the same time, we are in a free exchange of ideas -- Right?   Duh!  A shame really. I got a nice cap (which I will keep for all of 1 day if history repeats) but I now cannot enjoy it as much. I probably should have read the info at the start instead of just starting with the blogs. (I am very competitive against things like the stock market.  Not so much against people.  I just don't like to have poor marks at something)

3. I read the name Alstry several times before I found one of your blogs and found it to be interesting and well-informed; so much so that I went back to Feb, 2008. Luck of the draw.  The one I opened was your first post on a concern that you had. The concern was about the fact that the financial world was making loans that it had no business making, to people who were not qualified, on houses that were overpriced, and that there was a housing bubble and finance bubble beginning to swell to alarming proportions.  Multi recs to you for seeing this and putting it into print 10 months ago.

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#3) On December 12, 2008 at 12:57 AM, HansHauge (31.88) wrote:

Bailouts cause the market to crash...if the 700 billion dollar bailout in october and the AIG bailout are any indication.

I think the media is to blame for this misconception. Remember after LTCM there was a downturn in the stock market for some time (at least several months if I recall) as well.

BTW Al, I hear you on the drink. We're expecting a blizzard here in Idaho tomorrow, so I have stocked up on plenty of Peppermint Schnapps and SoCo.

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