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alstry (36.01)

My CAPS buddies....get ready to learn

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July 10, 2008 – Comments (11)

NOTHING IS TOO BIG TO FAIL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Any equity can go to ZERO.  It's not that the company goes away....it is just that the shareholders get wiped out.....even if it is backed by the Federal Government.

http://calculatedrisk.blogspot.com/2008/07/cnbc-anchor-stunned.html

 

DOW 2500 anyone????????????????????????????

At the end of the day, its about accumulating points.........I am just trying to help.

11 Comments – Post Your Own

#1) On July 10, 2008 at 2:41 PM, dbhealy (42.87) wrote:

i agree 100% - we've never truly seen a crash anywhere near as damaging as 1929 - imagine waking up and your stake in all your blue chips are worth nothing, and not having their value recover for over 20 years - a sobering thought, for sure.

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#2) On July 10, 2008 at 4:28 PM, wolfhounds (29.26) wrote:

I would add, some companies should fail. Of course I'm talking about the banks. I've been on a tear about STI since last month after doing an in depth review of the balance sheet and Annual Report Notes, and the street has one no name analyst who came up with some number of additional write offs. If I'm correct, the exposure could be triple the $6.5B. I'd have to check again, but I'm sure that would wipe out the capital. How many more are in similar trouble?

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#3) On July 10, 2008 at 4:30 PM, alstry (36.01) wrote:

wolfie:

Lots are in trouble.  LOTS AND LOTS AND LOTS!!!!

Just ask your friendly neighborhood bankers....I do.

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#4) On July 10, 2008 at 4:44 PM, dwot (46.54) wrote:

Wow!  Dow 2500, wow!

That's about 1/3rd of what I was thinking...

I think it was Thailand that I was reading about that lost something like 85% of its value and it caught most investors by surprise.  What I was reading was that what you saw on the surface of the fundamentals looked fine and then it just all changed.

I think if you look deeper the problems are screaming to be heard, much like wolfie's example.

Well, half or 1/6th, makes no difference to me, I am out.

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#5) On July 10, 2008 at 4:59 PM, abitare (84.92) wrote:

Aligned, but I think 2500 will take time to get there.

 

To support dwot watch Commanding Heights it is free on PBS - real time feed. 

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#6) On July 10, 2008 at 5:01 PM, alstry (36.01) wrote:

IMHO.....not as long as you may think.....and that will be a good thing so we can clean up the mess and start over.

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#7) On July 10, 2008 at 11:18 PM, awallejr (79.54) wrote:

So let me understand.  You honestly think a stock, say like GE will actually sell for $5 a share while paying a dividend of $1.24?

A century of inflation alone would preclude a Dow 2500. Now a Dow of 10k, that's another matter.

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#8) On July 11, 2008 at 3:36 AM, SemperGumby77 (64.95) wrote:

I agree with awallejr.

Aren't we getting a little alarmist? Dow 2500?

C'mon now... Report this comment
#9) On July 11, 2008 at 9:21 AM, alstry (36.01) wrote:

alallwer, NO!!!!   I think GE will trade for $3 per share after losing a bunch of money and eliminating its dividend.

 

OK.....I revised it overnight just a bit....DOW 1900!!!!

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#10) On July 11, 2008 at 11:16 AM, awallejr (79.54) wrote:

Um, k, put the bottle away now please.

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#11) On July 11, 2008 at 12:30 PM, AnomaLee (28.67) wrote:

LOL...

I can see the DJIA at 9,000 or the S&P back around 800

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