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Postering Bull Scat

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September 30, 2008 – Comments (1)

What a bunch of scatty junk I'm reading...

Look at the media bite, not passing the bill has cost people in the order of $1 trillion today.  Bull dung, bull scat, bull chit.  People own investments that are over valued, plain and simple.  That investments are being repriced is long over due.

I have a Rip Van Winkle view of the market.  I worked in banking from 1979 to 1984.  I developed a sense of values towards investments.  When I woke up to look at investments again in 2006, well, the return on investment was a third to a half.  To those that weren't sleeping I am sure the change seemed quite gradual. 

To me, I looked at it and mostly thought, "Are freaking nuts?  Where's the return built in for risk?  Why would you take a 25-50% downside risk for a mere 2-4% return?"  That's something that could potentially take 25 years to recover...  And can't you see how the executives in these companies are running them dry and burning the companies to the ground.

Bubble's don't exist merely in the housing market.  

 

1 Comments – Post Your Own

#1) On September 30, 2008 at 3:53 AM, DemonDoug (81.58) wrote:

deb, agree, and I've been posting this on other comments and my own blog MAINSTREAM MEDIA = EPIC FAIL.

If there was an approval rating worse than for Bush or Congress, it would be with the MSM.

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