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Any news here? What's driving the drop?
Established small position @ $2.62
I was looking for you to explain, not some guy named Dylan. I'll keep waiting.
"...put on the blinders and let corruption run wild" - another media-driven statement with no fact behind it. I will not defend the Bush Administration from all corruption but I don't see evidence that it was significant and/or related to the crisis. And how is Obama going to reign it in when he is nominating more tax cheats to his cabinet positions than anybody in history? If you really think he's going to be Abe Lincoln, then you really are drinking the kool-aid. LOL.
On the budget, I'll admit that I haven't read the details but I am familiar with the monstrous budgets/deficits being proposed by Obama and the left. The spending under Pres. Bush looks tame compared to what Obama has already done and is proposing go-forward.
I am a conservative and will admit that Pres. Bush should have used his veto pen more often to reign in the non-defense spending growth rate. I didn't like how it was growing nor how the Republicans were generally drinking from the trough when they should have been sticking to their principles of limited government.
Finally, the best budget is one that lowers taxes for corporations and individuals, reduces government spending and encourages the efficient use of capital. I don't know if the Republican plan does that but my guess is that they are much closer to that ideal than the monstrosity from the left. If you somehow think that an increase in government spending and instrusion in the economy is a good thing for our prosperity as a nation, then you haven't been watching the folks across the pond. They have begun to learn the lesson after years of quasi-socialism - it doesn't work because governments are inefficient and corrupt.
Nice try - give me the details on how deregulation & Paulson caused this... The media loves to spout the same thing but never with back-up.
What IS known is that Barney Frank and others pushed Fannie & Freddie to continually increase the portion of their loans dedicated to the sub-prime market, which continued to increase the risk in the system (why do you think loan terms & down payments became so loose in the last few years?). Because the government was implicitly backing these subprime loans via Fannie & Freddie, the risk was assumed to be low because we, the taxpayer, through our government were providing the back-up. Then when the unsustainable real estate bubble popped, the defaults began to pile up and - voila! - a credit crisis and, as projected, we got stuck with the bill. This is all well-documented in the Wall Street Journal (but you won't find it in the New York Times for some odd reason...)
So, now walk me through how deregulation caused the crisis?
Also, what does the market like about Obama? Do you think his proposed unsustainable spending is helping? Universal healthcare proposals? Private-industry take-overs? How are these things market friendly?
I love how the reporters ascribe the market movement today solely to the G20 meeting - reminds me of how funny it used to be when oil was at historic highs and my buddy and I would read one day that the markets were down because oil was up which, according to the reports, would drive prices of goods higher. The next day the markets would be up and oil would be up and the reporters would try to ascribe this to the fact that it was helping the oil producers, thus driving a positive market reaction. They have no clue.
And I can't imagine that the market is happy to hear of the possibility of more government regulation & intervention when it was gov intervention in the lending markets that drove us into this crisis in the first place!
Anybody having a hard time trading DAAT? I tried to buy some shares through my Scottrade account and was told it was placed on a restricted list by the SEC - that I had to make a trade through a broker directly. Is this unusual?
Definitely agree with you on lowering corporate tax rates - we have the 2nd highest in the world behind Japan and that does not bode well for creating new jobs here through current or new companies.
With regards to the personal tax rate, I disagree. If you look at percentage of taxes paid by the top earners, even after the Bush tax cuts, it has continued to climb and the # of people paying no taxes at all continues to climb as well. There is no need to find more balance when it is so imbalanced currently.
No political discussions during trading, right?
But since you opened the can, you need to read up on capitalism and the invisible hand (try Adam Smith) if you think that taxing the successful, entrepreneurial portion of society and transferring that money to the ineffective, bureaucratic portion is somehow protecting the shareholder. Have you been watching the markets? If enacting policies that are driving the markets down & costing shareholders trillions is protection, I want nothing of it.
LOL!!!!!!!! What a beaut!
With no winkie or smiley face, it almost makes me think you didn't read my post. Was this TIC, because mine definitely was (with an ample amount of humor in my opinion)...
Trying to find the ticker symbol for Lawrence Livermore Laboratories - this is a huge discovery! :)...
Lawrence Livermore Laboratories has discovered the heaviest elementyet known to science.
The new element, Governmentium (Gv), has one neutron, 25 assistant neutrons, 88 deputy neutrons, and 198 assistant deputy neutrons, giving it an atomic mass of 312.
These 312 particles are held together by forces called morons, which are surrounded by vast quantities of lepton-like particles called peons.
Since Governmentium has no electrons, it is inert; however, it can be detected, because it impedes every reaction with which it comes into contact. A tiny amount of Governmentium can cause a reaction that would normally take less than a second, to take from four days to four years to complete.
Governmentium has a normal half-life of 2- 6 years; It does not decay, but instead undergoes a reorganization in which a portion of the assistant neutrons and deputy neutrons exchange places.
In fact, Governmentium's mass will actually increase over time, since each reorganization will cause more morons to become neutrons, forming isodopes.
This characteristic of moron promotion leads some scientists to
believe that Governmentium is formed whenever morons reach a critical concentration. This hypothetical quantity is referred to as critical morass.
When catalyzed with money, Governmentium becomes Administratium, an element that radiates just as much energy as Governmentium since it has half as many peons but twice as many morons.
So, Raw - why do you think they had a second push-out of loan payments recently? If it's not related to ability to pay, what would be the impetus for doing a second restructuring of payment?
Mike - I'm not familiar with the difference between VVDL.OB and VVDLE.OB, but I noticed you are showing the VVDLE.OB in your trading graphic here above. Wouldn't you want it to show VVDL.OB?
Completely agree, berge. But do you think he will be held accountable?... (crickets chirping)...
This coming from a guy who reads & believes something from the NY Times...
Good luck, GWMAN, if that is your source of "facts"...
Two off the top of my head:
1) ACORN - no explanation needed
2) Environmentalists - while we should be opening up more of our land to drilling for oil in order to lessen our dependence on foreign supplies, they are spending billions on alternative energy that will be much more expensive - not a good idea when the whole economy is suffering and something that markets would make happen as people are able to afford it (and much more efficiently)
In the end, you should ask yourself what the founders meant our government to be - it was to be limited in scope and only provide a framework wherein its citizens could be free (liberty) to work hard and find success, while ensuring justice to basic laws (contracts, private ownership, etc.). They were wise beyond their years in establishing a democracy that has endured, therefore it would make sense that moving towards Socialism and government control and/or involvement in almost every aspect of our economy was not in the cards.
Good try - a majority of what you refer to as "tax cuts" are tax rebates, which we all know from past experience, do no good in creating the kind of incentives to invest & create that true tax cuts do. If Obama and the libs in Congress had wanted to create true incentives from a tax cut perspective, they would have reduced the Corporate tax rate (currently the 2nd highest in the world behind Japan) and individual taxes - that is true stimulus and was proved out in 2003 & back in the Reagan years...
GWMAN - be honest here - nobody likes the Porkulus plan unless they are a special interest of the left or somebody who spent too much on their home and are looking for somebody to take responsibility for their poor judgment or, perhaps, a Salt Marsh Mouse.
If you think that all of this drop is related to Pres. Bush, you are forgetting who was controlling Congress (i.e. the purse strings) for the last few years, who was pushing Fannie & Freddie to continue to loan at higher and higher levels to those who couldn't afford it (Barney Frank and his cohorts on the left) and what history tells us: when Pres. Bush got Congress on the right track in 2003 and got his tax cut package passed on Capital Gains, Dividends and Individuals, it sparked a market rebound, and, more importantly, GDP growth that averaged 3.4% per year for the next 3 years. Obama and the liberal left leadership in Congress has shown their incompetence in rejecting that which would help (tax cuts, smaller gov) for their own political gain (big $$ for special interests). It's going to bite them and is biting them right now (and sadly, all of us). The great humor in it all is after passing multi-trillion dollar spending legislation (making the deficit growth under Bush pale in comparison), Obama and the left are now talking fiscal responsibility... hmm... just a bit late on that one!
Awesome - that is a classic. There should be small pictures of Harry Reid & Nancy Pelosi on either side of him - his sidekicks in generational theft unlike any we've seen
You should add a percentage calc to this number
Some nice quips.
The great irony, though, in their commentary is the fact that we have Congressmen who are bankrupting our country trying to grill bank executives on what they are doing. At least bankers know something about their trade - Congress spends trillions with, apparently, little care as to the responsibility they have to the taxpayer for their unwise spending. We have upwards of $80 trillion in unfunded liabilities through Medicare & Social Security, a gargantuan, generational-theft "stimulus" bill chuck full of liberal pork and these guys think they have room to grill others on financial issues? If only the media wasn't so bought in - perhaps we could actually get some pressure on the real crooks...
I also added @ .163 - was battling between this one and ALIF, but went here...
Sounds like you're softening your initial hard-line stance on responding to posters...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33883309
Are you a politician? :)
Didn't see anything on how long the GeniusAir has been around - is it new? I know that they just signed the distribution agreement, but if it has been around for a while and isn't a big seller yet, does it make sense that it would take off at this point?
Got it - keep up the humor. I'm new enough that I don't know some of the other companies you guys reference and the history...
Isn't this stock down like 50% today? Are you thinking it's going to more than recover that loss over the next year?
What's that supposed to mean? I would think it would be great news to have it on the most widely watched Cable News channel - or is this some kind of inside joke w/ Raw?
Slow, slow couple of days on VBDG - everybody off trading other stuff? At least I can expect a "28" post from Raw today...
Any new DD out there?
I wouldn't say they have been over-priced for 4 years, just that the prior financial trajectories have been severely altered due to the credit crisis and the change in future expectations is now being priced into current NAVs... :)
BTW - I finally signed up, hermano. Flaco was taken so I had to go with an altered alias. Hope all is well on the home-front. I made my official Rawnoc trade today on VBDG...