[quote]pickapeck wrote:
You just don’t get it Rainman. I stated that MSNBC, CNN and FOX are all bias. It does not matter that what I posted is a few years old. As a matter of fact it gives perspective. Stop trying to pin anti-FOX label on me. I am an equal opportunity hater of television media save CSPAN. I do like CSPAN.[/quote]
Here is your very first post in this thread. Maybe I am just blind, but would you please show me where you said anything about any network other than Fox?
I have not seen you provide any proof of bias regarding any other network. You didn’t start with the “I don’t like MSCNBC, or CNN either” crap until later - but you failed to provide any proof like you did for Fox, antiquated or not.
If you are not anti-Fox, then perhaps you can explain your last statement in the quote provided below:
[i]Example of bias:
“Coming next, drug addicted pregnant women no longer have anything to fear from the authorities thanks to the Supreme Court. Both sides on this in a moment.”–Bill O’Reilly (O’Reilly Factor, 3/23/01.
Evidence of bias;
-
David Asman, Fox daytime anchor, is formerly of the Wall Street Journal editorial page and the conservative Manhattan Institute.
-
Tony Snow was a conservative columnist, former chief speechwriter for the first Bush administration and went on to become Bush II Press Secretary.
-
Fox News Channel’s senior vice president, John Moody, is a long-time journalist known for his staunch conservative views.
Fox News is America’s version of the Russian Pravda since 1996.[/i]
[quote]rainjack wrote:
pickapeck wrote:
You just don’t get it Rainman. I stated that MSNBC, CNN and FOX are all bias. It does not matter that what I posted is a few years old. As a matter of fact it gives perspective. Stop trying to pin anti-FOX label on me. I am an equal opportunity hater of television media save CSPAN. I do like CSPAN.
Here is your very first post in this thread. Maybe I am just blind, but would you please show me where you said anything about any network other than Fox?
I have not seen you provide any proof of bias regarding any other network. You didn’t start with the “I don’t like MSCNBC, or CNN either” crap until later - but you failed to provide any proof like you did for Fox, antiquated or not.
If you are not anti-Fox, then perhaps you can explain your last statement in the quote provided below:
[i]Example of bias:
“Coming next, drug addicted pregnant women no longer have anything to fear from the authorities thanks to the Supreme Court. Both sides on this in a moment.”–Bill O’Reilly (O’Reilly Factor, 3/23/01.
Evidence of bias;
-
David Asman, Fox daytime anchor, is formerly of the Wall Street Journal editorial page and the conservative Manhattan Institute.
-
Tony Snow was a conservative columnist, former chief speechwriter for the first Bush administration and went on to become Bush II Press Secretary.
-
Fox News Channel’s senior vice president, John Moody, is a long-time journalist known for his staunch conservative views.
Fox News is America’s version of the Russian Pravda since 1996.[/i]
[/quote]
You need to read more than one post. You only need to get to my second post. Try reading more. It gives a wider perspective.
You say you are not anti-Fox, yet you say it is the Russian Pravda.
I don’t really give a shit what you think, or say, or recommend - but at the very least admit to your bias.
From your second post:
I agree, CNN and MSNBC are nearly as bad as Fox.
But you’re not “anti-Fox”.
And Oprah’s not a fat fucking pig.
Japan Collapses…45% so far this year…
This is a depression.
I remember the 1987 crash. People were screaming depression back then.
Now if Obama gets elected, and implements all of his ideas, we will be in for a long bad recession at least. (Funny how the party that caused this may be rewarded.)
Until I see an actual depression, (or even an actual recession,) I am not going to buy into it. We need to quit predicting, and listening to people predict.
In fact most of what we are hearing is nothing but hype, and this is the problem that is making things worse.
But then again I can make a prediction. The market will go up and down…forever.
I am actually thinking of slowing paying off my debt, and investing into this market, buying while it is on sale. Instead of running around like lemmings, we need to look at the opportunity.
[quote]The Mage wrote:
I remember the 1987 crash. People were screaming depression back then.
Now if Obama gets elected, and implements all of his ideas, we will be in for a long bad recession at least. (Funny how the party that caused this may be rewarded.)
Until I see an actual depression, (or even an actual recession,) I am not going to buy into it. We need to quit predicting, and listening to people predict.
In fact most of what we are hearing is nothing but hype, and this is the problem that is making things worse.
But then again I can make a prediction. The market will go up and down…forever.
I am actually thinking of slowing paying off my debt, and investing into this market, buying while it is on sale. Instead of running around like lemmings, we need to look at the opportunity. [/quote]
The more I look into current events in financial markets the more concerned I become. I learned that there are between 50 and 60 trillion dollars in Credit Default Swaps out there and most of them are due and in default. For those of you who have not heard of them yet they are essentially an instrument where a sort of insurance policy is purchased on mortgage backed securities.
If the MBS goes into default the CDS holder collects. AIG and many others traded in these like crazy. You don’t have to hold the MBS to purchase the CDS so they were being sold at like 50 fold in excess. It has been estimated that there is 50-60 trillion dollars out there in these securities and the mortgages are in trouble. The way I understand it, the more mortgages that default the more of these CDSs come up for payment. there is simply not enough liquidity and as the mortgages fail this thing could really go to hell.
[quote]The Mage wrote:
I remember the 1987 crash. People were screaming depression back then.
Now if Obama gets elected, and implements all of his ideas, we will be in for a long bad recession at least. (Funny how the party that caused this may be rewarded.)
Until I see an actual depression, (or even an actual recession,) I am not going to buy into it. We need to quit predicting, and listening to people predict.
In fact most of what we are hearing is nothing but hype, and this is the problem that is making things worse.
But then again I can make a prediction. The market will go up and down…forever.
I am actually thinking of slowing paying off my debt, and investing into this market, buying while it is on sale. Instead of running around like lemmings, we need to look at the opportunity. [/quote]
Buying in might be a good idea if the whole thing doesn’t go to hell. Wish I could predict the bottom. And, I wish I had more cash flow to invest right now.
[quote]pickapeck wrote:
The more I look into current events in financial markets the more concerned I become. I learned that there are between 50 and 60 trillion dollars in Credit Default Swaps out there and most of them are due and in default. For those of you who have not heard of them yet they are essentially an instrument where a sort of insurance policy is purchased on mortgage backed securities.
If the MBS goes into default the CDS holder collects. AIG and many others traded in these like crazy. You don’t have to hold the MBS to purchase the CDS so they were being sold at like 50 fold in excess. It has been estimated that there is 50-60 trillion dollars out there in these securities and the mortgages are in trouble. The way I understand it, the more mortgages that default the more of these CDSs come up for payment. there is simply not enough liquidity and as the mortgages fail this thing could really go to hell.[/quote]
Please cite your source saying that there are $60 trillion in mortgages that are about to be in default.
[quote]pickapeck wrote:
Buying in might be a good idea if the whole thing doesn’t go to hell. Wish I could predict the bottom. And, I wish I had more cash flow to invest right now.
[/quote]
You don’t need to predict the bottom, just buy on the way down. If the market keeps going down, keep buying all the way to the bottom. Don’t be so worried about timing the market.
But if you really want to know a likely point for the bottom, learn how to read charts. It is in no way perfect, but if your going to play the market then it can at least give an idea of when to get in, and when to jump ship.
And if your wrong, you are still doing fine, buying fairly low, and fairly high which is not bad.
But the point is you don’t need to do that. The stocks are on sale now, so buying is not a bad idea. And if they go down further, buy more.
Here is the big secret of the stock market. Stocks go up, and they go down. (Amazing isn’t it?) If the market is rising, realize it will eventually drop. And when it is dropping, it will eventually go up again.
What is really sad is some of the “experts” out there don’t even understand that.
[quote]The Mage wrote:
pickapeck wrote:
Buying in might be a good idea if the whole thing doesn’t go to hell. Wish I could predict the bottom. And, I wish I had more cash flow to invest right now.
You don’t need to predict the bottom, just buy on the way down. If the market keeps going down, keep buying all the way to the bottom. Don’t be so worried about timing the market.
But if you really want to know a likely point for the bottom, learn how to read charts. It is in no way perfect, but if your going to play the market then it can at least give an idea of when to get in, and when to jump ship.
And if your wrong, you are still doing fine, buying fairly low, and fairly high which is not bad.
But the point is you don’t need to do that. The stocks are on sale now, so buying is not a bad idea. And if they go down further, buy more.
Here is the big secret of the stock market. Stocks go up, and they go down. (Amazing isn’t it?) If the market is rising, realize it will eventually drop. And when it is dropping, it will eventually go up again.
What is really sad is some of the “experts” out there don’t even understand that.[/quote]
Sage advice. I’ve got to find my investing guts.