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alstry (34.92)

FRAUD VS. FORCE....is there a difference???

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October 14, 2009 – Comments (6)

Is there a really a material difference between Venezuela forcibly taking assets or Wall Street fraudently taking your retirement money????

HUGO...

The US-based Hilton hotel chain is "evaluating" the Venezuelan government's seizure of one of its hotels on the Caribbean resort island of Margarita, a spokeswoman told AFP on Wednesday.

President Hugo Chavez ordered the "acquisition by force" of the landmark hotel Tuesday, according to Venezuelan officials.

vs.

Enron, Madoff, Dot.com, ....and now Credit Default Swaps, Sub Prime, Extend and Pretend, and Barney Frank admitting it was policy to write bad loans to artifically prop up housing prices??

When they tell you it is a jobless recovery in a service economy....hmmmmm?  especially when practically every city, county, state, hospital, school, and university are laying off or cutting wages and very few are really hiring.

When you have a reported PE of 140....you should always be little concerned.

When revenues are collapsing and earnings are better than expected, you should really be concerned.

When stocks go up because they are refinancing 7% debt and redeeming it at a premium with even more 14% debt, something should really smell.

When you have no say how your pension fund manager invests your account, and he is getting kickbacks......now your ears should really perk up.

When you have to pay more taxes because pensions decrease in value due to stupid investments.....OH Boy!!!!...especially if it is not your pension.

When companies are simply staying in business because they are borrowing from your pension and not from operations....don't expect much at retirement.

Now if you really think about it...if they took your money at gun point.....or simply took it by fraud, is there really much differnce in the end?????

Remember Fools, when worse is better than expected....if you accept that for too long without critically thinking....guess who really is the Fool.

Stay cool....it is a jobless, lower wage, less earnings, less revenues, less tax receipts recovery.

Now its time to take a break.

6 Comments – Post Your Own

#1) On October 15, 2009 at 12:02 AM, alstry (34.92) wrote:

The crazy thing about fraud....what could be 10,000 today, could be zero tomorrow!!!!!!!!!!!!!!!!!!!!!!!!!!

Just ask Madoff's client's who are getting their 10% checks every month...............................................

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#2) On October 15, 2009 at 12:09 AM, lquadland10 (< 20) wrote:

At this point I just have to go back to my childhood before Disney became a CFR member,

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#3) On October 15, 2009 at 2:45 AM, throwerw (29.30) wrote:

there's crazy money out here alstry... stop worrying so much about the US economy and start researching chinese microcaps, haha

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#4) On October 15, 2009 at 8:36 AM, alstry (34.92) wrote:

Harley-Davidson sales dropped 21 percent to $1.12 billion.....

Polaris sales fell to $436.2 million, from $580.3 million a year ago.

When practically everyone's sales are down over 20%...and banks are simply making money from trading.....guess where that trading money is coming from in an environment where worse is better than expected???

And we are still losing OVER 500K jobs per week buy few are hiring.....it won't be long before few are working and even fewer are paying taxes.

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#5) On October 15, 2009 at 8:41 AM, dickseacup (66.28) wrote:

And we are still losing OVER 500K jobs per week

But, we have been assured that losing less than 540k jobs per week is the equivalent of adding jobs. You need to read some of the other blogs posted right here on CAPS, alstry. You'd feel much better about The Recovery(tm).

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#6) On October 19, 2009 at 8:01 AM, SkinneeJ (27.76) wrote:

This is the second reference that I have seen to S&P P\E of 140.  Where is this detail coming from?  Is there a good website or something that has this posted?

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