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9 Comments

  • Howard Lindzon One year ago

    More on Panic and euphoria

    http://howardlindzon.com/?p=2478

    • Cristobal Colon One year ago

      I’m panicking

      • Jim Beam One year ago

        Me too. Save us all Bernacke!

        • Proz Hack One year ago

          I actually feel pretty good. I have the secret answer.

          • Kristian Hansen One year ago

            I found a secret Naked Putz dance video on the internet of Lindsay and Howard.

            Check it out here.

            http://www.dancesisterdance.com/myvid/index.php?v=09e1a55c123a97

            • danja spoja One year ago

              Cool segment Howard. You now what? The Federal Reserve injecting more liquidity into the system is only a short term solution. And I’m not so sure the panic is over. The point is what to do as an investor, no?

              I don’t have a lot of money in the market at the moment, so I’m not too concerned. But I wonder about those who were more than 70% in stocks. Not the pros like you guys here in this board, but the average guy.

              Also a lot of talented people got hurt this week, particularly the guys who were shorting prior to the fed move. Talk about inverse euphoria.

              I’m still a bit vexed as to why people were cheering the fed move, but it seems to be an American pattern–to rescue the fat Wall Street pigs for making bad calls. Those firms and banks packaged the debt for investors. They are to blame but no one seems to care.

              I think institutions needed to feel the pain and I hope they still do. Some need to disappear and that’s called creative capitalism. Perhaps I’m wrong for saying this, but I believe in pure good old capitalism. You can’t have it both ways. If you want government out don’t cry for Papa Bernake. I mean, I get it, if the market for mortgage-backed securities dries up, the housing market freezes. But helps the bails out Joe Blow when he defaults on his house payments? Sorry for the long rant.

              • danja spoja One year ago

                Correction: Who bails out Joe Blow when he defaults*

                • Proz Hack One year ago

                  Unfortuneately, no one bails out Joe Blow but Joe Blow bought into the lie that they could afford a higher mortgage through silly math.

                  • Richard One year ago

                    “Stupid people don’t deserve to be saved. Sometimes, they just get saved though and they get carried along with the tide.”

                    “Who bails out Joe Blow when he defaults” life isn’t a computer game with a reset button.

                    Re: silly math; I agree, the math was silly, but why did Joe Blow believe? Because Joe Blow doesn’t know how to balance his check book? Because Joe Blow has tattooed his PIN to the back of his hand? The only solution is not to have stupid people.

                    Loved the dance video Kristian. Dance when the market’s up, dance when the market’s down. Sounds like a plan. The dancing trader.

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