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TheInstitutional
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TheInstitutional's Blog : GOD bless America and the free world!

Date October 2, 2008    Comments Comments (4)    Rate this post Recommend This Post (266)   
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I am writing this notes in the most difficult time for Wall Street and Main Street since the Great Depression.
I do hope and believe tomorrow Capitol Hill will show to the entire free world that America will take this step and vote for the bailout.
It is not perfect but will help the financial system and the credit system survive and this will help the average Joe too.

I am loading up on stocks at bargain price and strongly believe this panic will get relief, there is there time to sort out additional corrections.

The market need it, the whole economic system need it, the World need America to stick together and overcame politics differences and election egoism.

The world is asking America to save the free world from falling into the greatest depression ever that could lead to strong social unrest and conflicts.

I have been in the past a strong pessimist as many knows, I do believe now a turnaround is coming and coming for the good.

There are lot of stocks at fire price on the board, its time to buy, selectively, and time to rebuild confidence in the financial system.
This will lead America and the World out faster from recession into the next expansion cycle.


4 Comment(s):

Author TickerBandit     Date October 2, 2008 15:46  Edited: October 2, 2008 by TickerBandit Abuse this post Report Abuse
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Amen ... God bless America and the free world.

TI ... you wrote: "there is time to sort out additional corrections"

What did you mean by that? How do you see it playing out?
Author MackTheKnife     Date October 2, 2008 16:54 Abuse this post Report Abuse
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Howdy, TheInstitutional!

-- I am writing this notes in the most difficult time for Wall Street and Main Street since the Great Depression. --

Because I am a pretty old guy, I believe Black Monday in 1987 may have been more difficult than is now for Wall Street and the stagflation era of the late 1970s/early 1980s may have been more difficult than is now for Main Street. Of course, conditions could get worse on both thoroughfares.

Meanwhile, I agree with your point that we are at the crossroads of history.

If our public servants in Washington turn the right way, then we may do OK. If our public servants in Washington turn the wrong way, then we may do not so OK.

In either case, we the people will not only survive but also thrive. Eventually.

And in either case: Good luck!

MackTheKnife

P.S.: A certain amount of cash can be a pretty nice position to hold while we await the birth of the New Brave New World . . .
Author TheInstitutional     Date October 3, 2008 06:38 Abuse this post Report Abuse
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In response to TickerBandit,
I think the package will if pass stabilize the credit market, may be it is not the perfect solution but, it is a solution.
We need credit to flow or the economi engine will stop working.
Additional corrections must be taken like ending the DCS over the counter market and have it on a regulated market (like the CME) with the advantage of having a clering house and the transparency to avoid some Hedge Funds playing the DCS and Short on the same stock crushing it down.

There is need for a lot of cleaning on Wall Street, the last few years have been wild, the Governement intervention is welcome but I hope temporary.

Have everybody a safe day!
Author JoeJustJoe     Date October 3, 2008 06:49 Abuse this post Report Abuse
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Yes! ..trooly a GLORIOUS time as the markets STILL did what was "necessary" even though all types of thangs were done to try and manipulate them. That proves without any doubt what I have been saying all along. And yes! ...my machine has tracked it purrfecktly....even told yuns what would happen well before it happened. SAWEEET! :-) Hang in there, sheeple....March 2003 levels are getting closer and closer! It "would be" kinda neat ifn we got there in say 2 trading daze...this being Fri n everything. :-) 3J
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