Myth465

I never understood the palm acquisition.....

I dont understand the huge focus on recession. I always figured growth would be -1% - 2%, Very slow and anemic. I guess I should have correlated that with market expectations.

Another great post. This is what I have thought about this stock, I watch because I figure he has to have something planned....

Great post.

What good is an intrinsic value calculation if there are no buyers. Mainstreet will get bored or scared and pickup their huge ball (401k and pension funds) if they feel the markets are nothing more then a casino with huge moves up and down every other day...

Economics really is the dismal science. Correlation does not equal causation.....

The simple fact that he realizes that there is a difference between coal miners and office workers speaks volumes. I havent seen common sense like that out of Washington in a long time.

I tend to agree.

He would get my vote. Cant argue with any points in his plan.

I think the right will get what they want for a short while, and then things fall apart, unless they change. http://economistsview.typepad.com/economistsview/2011/08/roubini-is-capitalism-doomed.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+EconomistsView+%28Economist%27s+View+%28EconomistsView%29%29

Great read. I predict Buffett will be attacked and accused of being a hypocrite by people. I also predict someone will say hey there is a box on the IRS form that allows you to donate as much as you want to the treasury....... This seems to happen every year or so.

This is what I do. You give up a bit on the spread but its worth it. I would advise pushing out options slightly far in advance. If this was November alot of folks would be screwed on 2012 options. Also yes for liquidity I would look at open interest and size of the Company. MSFT options should be fairly liquid, I have only had liquidity issues on KSP and ATSG options... Most discount brokers are going to want the orders placed online or will charge you more to place them...

Thanks Paul and Parsad, I was enjoying the peace and quiet from my RSS but also suffering from withdrawals. Nice to be back.

One can learn so much by sitting her and reading. I picked up on your take in the Altius thread. Interesting.

Congrats. I thought we had at least another day or so.

Ya what a pump fake.....

I dont agree with this any more unless you manage money. You can buy today at what may be 2% - 6% off the bottom with a fed tailwind. I think its totally different if you cant get a full position, but if you are a small guy waiting for today would have been smart. Though yesterday maybe wasnt the bottom lol.

Thanks for the tips Parsad, you are a work horse, get some sleep.

Parsad how do you always manage to keep such a level head. I am sure most money managers are sitting in cold sweats. This is rough for me, but I am not getting margin calls or worse phone calls.......

I think its foolish to believe 1 man or fund is responsibly from this. The entire industry is full of hot money from Johnny come lates who wanted to get some upside after the market doubled. ---- I dont think the Treasury would buy stocks. It would just cause a whole host of problems. Instead I think the treasury would make cash unappealing by perhaps pushing yields into negative and causing inflation, but what do I know.

I think its supply and demand, Fund Investors are demanding cash and safety and fund managers dont have it. Fundamentals dont matter at this point. The system will be cleansed of weak hands and margin, and from there we will begin to recover. Hayekian must love it. I will hold my options and cash until this stops. My networth will be battered, but hopefully we have some sort of recovery / M&A cycle. Think about it. Berkowitz knows this is the chance of a lifetime (ok every 3 -4 years), but his hands are tied. He will be selling because people will log into their accounts, see down 9%, and hit sell. He doesnt have the cash so, he will have to hit sell. He owns large stacks in 5 firms..... Tomorrow more may sell due to a down 5% day..... Should be great for value investors and folks with cash, but I feel we are destroying a generations thoughts on investing and markets. Someone asked me 2 weeks ago where to invest money, and I asked can you wake up and deal with a 20% loss. They said no..... Sooner or later Joe six wont invest in the markets.

LOL I am from Texas, we dont do sarcasm down here. ;D