I hope I'm right.

kmg365

click[^]

Rob Graham

Keep your powder dry.

kmg365

500 rounds of wad cutter .38 just arrived today. Off to the gun range on Friday (lunch time) for target practice. :)

modified on Wednesday, March 4, 2009 9:07 PM

Ed Gadziemski

Chris Austin wrote:

good old RedStater jumped down my throat

Good ol' Red. Whatever happened to him? Did y'all just get tired of him one day and have him exterminated?

Ed Gadziemski

Oakman wrote:

real value ... is less when measured in constant dollars

True. But you gotta admit that P/E of 25, 50, 100 or more is ridiculous when the historical average is 14. If a company ain't earning, it's stock ain't appreciating, and in the last few years we've had executives more interested in feathering their own nest than in growing the intrinsic value of their company.

Ed Gadziemski

That's inconsistent, Stan. If Obama is talking down the market, I should be buying into the pessimism but instead I'm feeling a touch of optimism.

Ed Gadziemski · modified on Wednesday, March 4, 2009 9:07 PM

I'll place odds on the guvmint when your personal Ruby Ridge or Waco comes to fruition.

Chris Austin

Ed Gadziemski wrote:

Whatever happened to him? Did y'all just get tired of him one day and have him exterminated?

I think one of our resident kiddies figured out his real identity by abusing the email to link :laugh: and he ran home to his mommy.

Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long Avoid the crowd. Do your own thinking independently. Be the chess player, not the chess piece. --?

kmg365

Ed Gadziemski wrote:

Ruby

I have not worked with Ruby on Rails, so can not really comment any particular API's. Perhaps you could explain further.

IdUnknown

It's hard to see the market bottom because the Credit Default Obligation (CDO) is still out there and haven't unwind, and no one is discussing on how to do deal with it. The way the government is dealing with the CDO right now is to prop up AGI, Citi and probably Bank of America. Also, Alt-A and Option Arm mortgage are just starting to reset. Unemployment is still going up, the estimate announced today is 700,000 new ones for February, which is up from January. I can go on but I will stop here. It all sound like doom and gloom but it's reality. If see the light at the end of the tunnel, make sure your are not hearing choo-choo, choo-choo.

Tim Craig

Chris Austin wrote:

he ran home to his mommy.

He didn't like it very much when the worm turned on him. :rolleyes:

"Republicans are the party that says government doesn't work and then they get elected and prove it." -- P.J. O'Rourke

Ed Gadziemski

nameless_ wrote:

Credit Default Obligation (CDO) is still out there and haven't unwind

That only directly affects financial sector stocks. It doesn't impact earnings of non-financial firms. I agree they need to be unwound. It should be done quickly and those heavily invested need to take the loss so the rest of us can move on.

nameless_ wrote:

Alt-A and Option Arm mortgage are just starting to reset

Yes, people have been so busy blaming poor people that other mortgages haven't received much attention. However, that also affects primarily financial stocks. Underlying market fundamentals are nearly reset for non-financials and while unemployment will continue to increase for a while, most firms have made or are making enough expenditure cuts to restore profitability by year's end. What is needed is an acknowledgement that the financial sector is FUBAR. The losses need to be announced and absorbed, regulation needs to be reformed, and rescuable institutions need to be rescued. That leaves out AIG, Citi and BofA in my view.

Rob Graham

Did you factor in the likely collapse of GM? Their auditors don't think they will make it past year end...

Ed Gadziemski

GMs further impact on the stock market is limited as their stock is selling for less than $2. It would have a psychological effect and a big impact on parts suppliers, though.