Investing during the Coming Recession

[Phantom Lotus]

Holy **** that was insane. Volatility through the roof. Trading range on the DOW of over 1000 points!!! Blue whales were jumping out of the ocean and flying through hoops in the clouds.

Paulson speaks in an hour. Hopefully the G7 nations will resolve this crisis and send my account balance soaring on Monday. $100 to $10,000 in a week would be nice. Then I go on to create a hedge fund for the benefit of others

[Beanie]

I think the stock market will rebound Monday because of the fire sale prices out there right now. We're still headed for a recession that should last a while.

[AgentTripleX]

Originally Posted by plastique999

I'm surprised no one would invest more $$$ into their lotus...after all, it is your true love right?...and that which you would part with last...when everything gets repo'd

I am

Originally Posted by Phantom Lotus

Holy **** that was insane. Volatility through the roof. Trading range on the DOW of over 1000 points!!! Blue whales were jumping out of the ocean and flying through hoops in the clouds.

Paulson speaks in an hour. Hopefully the G7 nations will resolve this crisis and send my account balance soaring on Monday. $100 to $10,000 in a week would be nice. Then I go on to create a hedge fund for the benefit of others

Josh... I'll give you $100 next time I see you. I'm proud of you if it's all working out.

[Phantom Lotus]

Originally Posted by AgentTripleX

Josh... I'll give you $100 next time I see you. I'm proud of you if it's all working out.

Sounds good! Maybe I'll see you today. Will be in the city this afternoon for Fleet Week!

[Beanie]

I wish I had more money in my newly opened e-trade account. I have to wait 4 business days before I can buy anything.

[AgentTripleX]

Originally Posted by Phantom Lotus

Sounds good! Maybe I'll see you today. Will be in the city this afternoon for Fleet Week!

I'll be home tonight! Woohoo! For one night only though. Want to sublet my spot? Are you responsible now?

[Phantom Lotus]

Originally Posted by Beanie

I wish I had more money in my newly opened e-trade account. I have to wait 4 business days before I can buy anything.

I know the feeling. Late December of 2007... I wanted to trade everything for Yen before US banks reported earnings in early January. Would have made bank!!!

GOOD NEWS OUT:

naked capitalism: DTCC Claims Lehman Credit Default Swap Worries Overblown, Net Payments Only $6 Billion

The Lehman CDS auction shouldn't cripple us afterall.

Also, there are interbank accords in the works. Australia just guaranteed all interbank borrowing and deposits for three years. Pre-market rates are pouring in now. GBP/JPY offers @ 172. Good thing I stayed long over the weekend! My account will gap up $1000 in an hour when the Aussie market opens. Monday will be a positive day for the US as well. Sleep easy everyone!

[Phantom Lotus]

GBP/JPY @ 173 pre-market. That's a 150% return for me over the weekend, and it's not even Monday yet!!!

[Phantom Lotus]

Originally Posted by AgentTripleX

I'll be home tonight! Woohoo! For one night only though. Want to sublet my spot? Are you responsible now?

I would love to, but it makes more sense for me to continue living rent free at the moment. I'm responsible. Brought the Lotus current as of last month. Keeping up with all my other payments. Not bringing random girls back to your apartment while you're out of town anymore!!!

[Noisycow]

Good vid on the dollar I ran across tonight; 3 min, short

<div><object width="420" height="301"><param name="movie" value="http://www.dailymotion.com/swf/k58RJFAahK2PfcHQcq&related=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.dailymotion.com/swf/k58RJFAahK2PfcHQcq&related=1" type="application/x-shockwave-flash" width="420" height="301" allowFullScreen="true" allowScriptAccess="always"></embed></object><br /><b><a href="http://www.dailymotion.com/video/x67ybe_impending-economic-collapse-of-the_news">Impending Economic Collapse of the USA</a></b><br /><i>Uploaded by <a href="http://www.dailymotion.com/hoss25">hoss25</a></i></div>

[Phantom Lotus]

I'm a Libertarian till death, but Ron Paul frightens me. Dropped support for him a while ago. His economic policy is outdated. My vote goes to Bob Barr.

Anyways... Hope you guys that were long pulled out after Monday's rally. GBPJPY exceeded my weekly target of 180 that evening! Good indication to pull out.

Don't panic over today's selloff. Lehmand CDS settlements are forcing liquidations up until Friday's deadline. Time to focus on the UK, and more specifically, LIBOR. If it goes down we go back up!

[Louie]

Found this...
I read his blog often...love his perspective on things. Aside from the fact that he is a Billionaire he has a very well rounded down-to-earth advice.

Mark Cuban's Suggestions Where To Invest Now.

[slaughtr]

From someone who knows what he's talking about.

http://www.nytimes.com/2008/10/17/op...gi&oref=slogin

[Noisycow]

Could the main stream media be doing enough fear mongering lately? I mean it is comical. People just don't get the manipulation and treat the MSM as the highest authority.

[Phantom Lotus]

Check the recent action in GBP/JPY. Bottom dropped out like I've never seen before. Asian markets are hitting new lows. Commercial paper is ****ed.

Get ready for hell tomorrow! Invest in armor plating a gun turrets for your Lotus.

[AgentTripleX]

Originally Posted by Noisycow

Could the main stream media be doing enough fear mongering lately? I mean it is comical. People just don't get the manipulation and treat the MSM as the highest authority.

I think a lot of people's actions are based on what they hear in the news. They get scared, freak out, and act out of sheer stupidity. My mom is a perfect example of this. She listens to radio news like it's going out of style. She doesn't know what to do with her money. She's liquid, but she's never invested in anything in her life and wants to start now. "Should I buy an apartment in Russia, Walnut Creek, Germany? Should I buy gold or diamonds?" Ugh. I worry she'll get involved in something she doesn't know about and end up worse than she started. Unfortunately nobody holds a crystal ball and can predict the future. I think people that are making moves now should be the experienced ones, not the emotional ones ready to jump in from the sidelines. If I had cold hard cash today, I'd be a much happier vixen.

[thomasde]

Originally Posted by Noisycow

Silver; preferably one ounce coins. Anything but dollars, that are backed by nothing.

Dollars are backed by everything that is available in exchange for them: Toasters, Red Bull, Loti, MacBooks, sex, peanut butter -- everything buyable in dollars backs the dollar. Silver and Gold are only valuable because they can be exchanged for dollars. Walmart won't let you pay in gold.

In short, cash is really an extended form of bartering.

[25psi_Elise_Killer]

Originally Posted by Phantom Lotus

Check the recent action in GBP/JPY. Bottom dropped out like I've never seen before. Asian markets are hitting new lows. Commercial paper is ****ed.

Get ready for hell tomorrow! Invest in armor plating a gun turrets for your Lotus.

Got options??

[nak]

Now that the market is closed...

I just upped my steady stock buys. If you think that stocks will be worth something when this is over, buy them when they are cheap. If you think the markets will fall apart, that's a really bad idea. If you are seriously risk averse, don't buy stocks ever and content yourself with being poorer. If you don't have your financial house in order, you may not be poised to take advantage of the lows we have seen and will see.

[25psi_Elise_Killer]

Here's a sign of the times. I had to give up the Foo Foo deep tissue/swedish massages. So, today i did a $15/hour massage at an area primarily populated by chinese