InvestorsHub Logo

mick

03/10/08 10:25 AM

#7930 RE: a_charting_god #7927

charting you surely understand this trying economic world. i'm glad to chat about this.

several media persons do help a lot. maybe some don't like glenn beck but he surely is a great help to understand a lot about sovereign power.

great stuff here sir knight.

RE:
speaking of wheat did you see it 2 weeks ago when it jumped 275+ points in a day....some broker lost $$141.5m that day....

you may have heard about the rogue trader...

too many situations going on right now and most people arent seeing the underlying problems related to the housing market problems....

most people think it only effects the home owners that default ....and thats just being blind...

if someone defaults on a loan you made to them 2 people are affected....if you had to borrow the money to loan out to that person 3 people are affected and so on and so forth....its a much bigger picture than most people care to realize....

not only are the mortgage lenders being hit but also credit card companies, auto lenders ,etc.etc ..

disclaimer: i am a series 3 licensed broker

answer: i did't see this huge loss.

excerpt.
speaking of wheat did you see it 2 weeks ago when it jumped 275+ points in a day....some broker lost $$141.5m that day....

get this also, some say they trade their home rather than sell it.

what about irs problem flings for these thoughts about trading rather than buying price?