posted on Dec, 3 2008 @ 11:26 AM
Great thread here. I was actually a cautious long term investor till around june of '07. I turned to the dark side in August of '07. The thing is,
even after I started doing my research and listening to people like Meredith Whitney, Karl Denninger, Noriel Roubini, Mish Shedlock, and others, it's
already worse than I thought it would get in Dec 07. The carnage amongst stocks, corporate paper, commodities, home values,etc.. is historic,and it
seems like every oportunity to address the financial crisis has been the exactly wrong thing to do.
I'm fortunate enough to be working again and don't spend any time trading anymore, so I'm not as current on events as I was in March and April. I
would like to share this real life experience I had at work a few days ago. I work in a retail store for a wireless carrier. We are thankfully quite
busy and often have lines that last a few minutes. I hear lots of customers talking about the economy. Just the other day I heard a guy saying that
the bankers that got the bailout and the politicians that authorized it should be shot in the street. People know they are being screwed and are
talking about it.