andyzee
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Watching the Dow freefall right nowVery glad that I went very conservative my my investments a couple of months ago too[/QUOTe
I have been conservative since i retired but pulled all but chump change out till i see some indicators that lead me to believe the ADULTS are back in charge of the economy and the nation -- could be a friggin LOOOOONG wait tho![]()
reading about the Merrill Lynch, AIG and Lehman Bros MELTDOWN -- yep BUSH is right again- there is NO DEPRESSION/Recession or any othe r" ession" -- sorry but this is the worst i've seen in 65 yrs Last weeek teh Freddie and Fannie fiasco now this -- 2 many AH's in high places
Stop whining, the economy is gang busters!
- Phil (no whining) Graham
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Listening to Paulson put lipstick on a pig. So, they rearrange the deck chairs on the leaky SS Wallstreet again, threw LEH overboard and forced ML to sit on BAC's lap. AIG and WAMU lost their chairs, but the music is still playing. They'll wait until the weekend again.
The Fed added that it was suspending a rule that normally prohibits deposit-taking banks from using deposits to help finance their investment banking subsidiaries to allow them to fund activities normally funded in the repo market on a temporary basis until January 30 2009.
Might be time to start stuffing the mattress . . .