reply to post by beefytee
This isn’t a personal attack on you. Honestly. I find the economy to be a touchy subject.
I guess we see the economy differently. I wasn’t referring to Warren Buffet, when I said the smart money is sitting out. He has billions to gamble
with. I didn’t have time to check his personal portfolio.
I don’t mean to sound like Dr. Doom here but many will get wiped out in the market (Again) I’m saying 2 crashes since 2008-2010. Buffet has his
money in to other more safe and secure havens, rather than all stocks.
When you state you are now working for a hedge fund company on wall street and things are financially sound you are giving advice.
I do blame the SEC and government for not monitoring more. All hedge funds are supposed to be hedged from risk, that didn’t happen. I think it
should be illegal for naked short sellers to hedge against companies such as Lehman and AIG, banks, etc.
I feel it’s an inside job of hedge companies to form a pack and take a company down to make a buck. You admit that with regard to Vanguard, in fact,
many of them bet a WHOLE lot of money on it. Shame shame.
This IS a rally based on false optimism. I must disagree that the darkest days of this financial crisis are over. Wait and see my friend. I’m
expecting news soon from either Timmy Geitner, IMF or Obama. Once the transparency is clear to all it will cause blood in the streets.
I agree with the OP, that it’s possible this flu and martial law is in fact, a ploy to disguise an unforeseen economic or terrorist crisis.
You agree that we may re-test the lows. Think about September 15th 2008 and most likely worse.
Maybe the credit is unfreezing from your firm but not for commercial builders and others. Next will be failing Credit Unions and smaller banks.
I also foresee a lot more regulation of wall street. There is an attack of our capitalism. Our society and economic infrastructures will be changing
dramatically in the near future.
I wish I had your Optimism about the economy. Be safe!! I don’t want to hear that you jumped off a building.