HAAAAHHHH! Did you feel a tremor? That was me, laughing my you-know-what off. I think it registered 7.0 on the LMAO Richter Scale.

So when I told my teenage daughter about this she just stared at me …. And then after she figured out that I wasnt a complete loser, she decided to help is out with:

On an LMAO Richter scale of 1 to 10 with being the funniest thing you know.

0 is ‘Lame’
10 is ‘ROTFLMAO’

How stupid do they think we are?

Well WE, collective American voter, keep returning an awful lot of these parasites to Congress and million of that collective WE seem intent on voting for the Obamaination.

Pretty damn stupid I hate to say. I have a neighbor, but not for long, down the street claiming he is broke because of the banking mess. The man and wife are 60 years old, have worked for the Department of Correction since college, no kids and have filed for bankruptcy three times in their lives.

During the last boom they borrowed against the equity in their house and are now losing it. As they are both Lieutenants I am guess their family income exceeds $100K. But they have Obama posters everywhere as they are poor folk.
Pretty damn stupid I hate to say.

Three time bankrupt and they think I am stupid. Three times in the last twenty one years I have seen the market overheated and pulled out–the first in 1987 and last this March. It is called keeping your eyes open.

Now we need to worry what Fedzilla will do to the dollar.

Yes, an awful lot of our collective WE is stupid for falling for the same carny tricks time after time. I think I will sell them Carbon Credits and Loan Reduction Debit Cards–as seen on TV! But that is not all! Call in the next 30 minutes and I’ll send you our Get Rich Quick Video, just pay separate shipping and handling.

On September 24th, 2008 at 7:26 pm, right4life said:

Buffet knew it was a bottom??? Of Buffet caused the bottom???

I’m sure he thought it was at a bottom when he bought it. did his investment mean an upturn for the stock? I don’t remember, and I don’t feel like looking at the charts.

Sorry, I meant ask whether or not Buffet guessed the bottom OR caused the bottom.

In other words, if Buffet hadn’t purchased, would the price have fallen further? Did the fact that Buffet bought give other potential buyers enough confidence to step up?

Often, these situations have less to do with perceived value and more to do with the momentum of the market. Nobody wants to buy low if they can buy lower later on.

On September 24th, 2008 at 7:24 pm, right4life said:

you’re delusional if you think Buffet hasn’t looked at this from every angle. He runs an insurance company, remember? I’m sure he’s used to regulation, and he’s factored it in.

Factored it in??? What does that mean?

He may have looked at it from every angle, but it doesn’t mean that he’s not exposed (or highly exposed) to regulatory risk.

Again, you’re crazy if you think that Goldman’s stock can’t trade down to $40 – especially if no bill passes. If you’re so convinced that Buffet can’t lose money on this deal (the same as having no risk – which is what you’ve implied), then you should certainly be selling put options at his effective deal price. Would you like me to calculate that for you?

Buffet knew it was a bottom??? Of Buffet caused the bottom???

I’m sure he thought it was at a bottom when he bought it. did his investment mean an upturn for the stock? I don’t remember, and I don’t feel like looking at the charts.

BTW, do you mean a bottom in market price or a bottom in value?

whats the difference?

Your delusional if you think Buffet doesn’t have any regulatory exposure with this investment.

you’re delusional if you think Buffet hasn’t looked at this from every angle. He runs an insurance company, remember? I’m sure he’s used to regulation, and he’s factored it in.

please.

Government cannot save everything or everybody. Businesses fail. People fail.

If such a bailout occurs, there are no standards for businesses anymore. The instant failure is imminent, businesses wil go crying to the government. Same with public education. There are no longer any standards. We must stroke little tyes’ egos or they will go running home to mummy or daddy and the schools will be sued.

Why should Europe’s lack of standards be applied to America? Have we learned nothing of what happens when government interferes in the lives of people?

On September 24th, 2008 at 3:33 pm, right4life said:

buffet bought AB when it was at around 45….no one knew it was a bottom..but buffet did. he’s buying goldman figuring this is a bottom for them.

Buffet knew it was a bottom??? Of Buffet caused the bottom???

BTW, do you mean a bottom in market price or a bottom in value?

On September 24th, 2008 at 3:30 pm, right4life said:

buffet’s style isn’t to invest on a wing and a prayer. he understands risk and value better than anyone else in the country. he’s going to make money on that investment no matter what congress does, he holds things for years and years.

I’m sure you know that there’s a big difference between “riskless arbitrage” and “a wing and a prayer.”

Your delusional if you think Buffet doesn’t have any regulatory exposure with this investment.