Replies to post #87010 on Value Microcaps Motherboard

[lentinman]

Ben Stein vs Peter Schiff:

Back on August 18th, Stein mocked and laughed at Peter Schiff's dire warnings.

http://www.europac.net/Schiff-FOX-8-18-07_lg.asp

Among other things the pompous asshole said "Financials are being given away... unbelievably cheap... buying opportunity on financials - maybe like I've never seen in my lifetime."

That was on August 18th, a couple days after the Countrywide meltdown. There are a few exceptions, but since August 18th, here is a smattering of returns on the financials that were "being given away, unbelievably cheap, best opportunity in our lifetimes"... and, other than BSC, this doesn't even count what is unquestionably going to happen today!

-66% Freddie Mac 
 -30% Capital One 
 -22% Wells Fargo 
 -28% Bank of America 
 -58% Citigroup 
 -42% Merrill Lynch 
 -98% Bear Stearns 
 -66% Fannie Mae 
 -72% Washington Mutual 
 -78% Countrywide Financial 
 -33% Lehman Brothers

So much for the "chance of a lifetime"!!!

Len