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Re: Nettles post# 27749

Friday, 12/12/2008 10:17:13 AM

Friday, December 12, 2008 10:17:13 AM

Post# of 42555
"have become" u say.....

it's been that way for yrs.....just now it seems more so than usual b/c of the times.

& lets be clear just whose makin them out 2 b the Scapegoats here......Uncle Sam of course.

Aheem....have ya watched the Addendum yet by any chace?

Dow wasn't down quite as much ouda the gate as I thot it would be.....it's still early tho....plenty of time b4 the usually dreadful final hr of the equity week...& no talk here yet of the Maddof news? Guess that's why we "love" the equities so much. Also...the gmac news....they only have a few more hrs to become a bank....& wadda ya know, none of their bondholders (or not nearly enuff) want anything to do w/their offer....can ya blame'em?

"GMAC on Nov. 20 asked holders to tender their securities for as little as 55 cents on the dollar in cash or a combination of new notes and preferred stock. The finance company is trying to skirt default by becoming a bank, potentially gaining access to the Treasury’s $700 billion rescue fund and other funding programs."

http://www.bloomberg.com/apps/news?pid=20601009&sid=aHSt6El3hZj4

Gold continues to go north...no shocker there....& update w/the usd/chf short....almost back to new highs @ 417 & 402.....a few hrs ago was the high @ 437 & 422.

GL all.....if ya got equities.....me thinks u r really gonna be needin it.....& wadda time for the Madoff news....talk about 1 huge cherry on top of the icing :0

http://biz.yahoo.com/ap/081212/wall_street_arrest.html

"Risk comes from not knowing what you're doing"
Warren Buffet

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