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Joined: 8/31/2009
Posts: 60
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Futures - Dow has lost 200+ points
Correction on the way ???
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Registered User
Joined: 1/28/2005
Posts: 6,049
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Be careful of the rearview mirror rysa.
(objects may seem larger than they appear)
Develop ways to define trends for yourself and follow them.
Folks rarely talk about what's going on when it happens.
This was my favorite post of 2009. (at least the beginning):
Look at it this way. If this really is 2008 all over again.
Do you think there's time to get on board?
Someone's opinion or a conformation of my own is the last thing
I would be looking for.
(except maybe to play the reverse side)
Thanks
diceman
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Joined: 7/1/2008
Posts: 889
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Diceman...you just made me remember another thread...
http://forums.worden.com/Default.aspx?g=posts&t=41031
it seems almost quaint that just a few months ago there was enormous disagreement as to whether we were in a bull market or not...it's pretty amazing the STRONG OPINIONS presented in this post.
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Joined: 2/5/2006
Posts: 1,148
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QUOTE (ben2k9) Diceman...you just made me remember another thread...
http://forums.worden.com/Default.aspx?g=posts&t=41031
it seems almost quaint that just a few months ago there was enormous disagreement as to whether we were in a bull market or not...it's pretty amazing the STRONG OPINIONS presented in this post.
interesting, the market has moved less that 10% since that post.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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"it seems almost quaint that just a few months ago there was enormous disagreement as to whether we were in a bull market or not..."
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Yeah, its nice time has cleared things up.
Now I know exactly where the markets going.
(heh, heh)
Thanks
diceman
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Joined: 12/9/2005
Posts: 24
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Topic: strange bullishnessPosted: Wednesday, March 25, 2009 12:03:57 PM"QUOTE (realitycheck)Now OBAMA is proposing CEO pay limits ... even on companies NOT taking govt. money ...Like I said ... he's exporting capital & intellect ...And the US will be left with ??""QUOTE (Hohandy)No he's not, idiot - quit listening to and spreading FOX "news" lies - a stock board is especially not the place for it and this board has stunk ever since you joined it.****Associated Press- Thursday, Oct. 22, 2009Obama: Excessive pay ‘does offend our values’Average compensation expected to be cut in half for top executivesWASHINGTON - The Treasury Department on Thursday ordered seven companies that received billions of dollars in government bailouts to halve total compensation for their top executives. But the big reductions will not apply to pay earned before November.Kenneth Feinberg, the Treasury official leading the pay review, told reporters that average salaries for the top 25 executives are being cut 90 percent starting next month.The action will apply to the top executives at Bank of America Corp., American International Group Inc., Citigroup Inc., General Motors, GMAC, Chrysler and Chrysler Financial.Meanwhile, the Federal Reserve unveiled a proposal Thursday that for the first time would police banks' pay policies to ensure they don't encourage employees to take reckless gambles like those that contributed to the financial crisis.Unlike the Treasury plan, the Fed proposal would cover thousands of banks, including many that never received a bailout. But the central bank would not actually set compensation. Instead, the Fed would review — and could veto — pay policies that could cause too much risk-taking by executives, traders or loan officers.The government did not want to make executives return compensation already received this year, but the reduced pay levels will be the base for making decisions on salary in 2010, Feinberg said.****Don't you just hate those big liars at Fox News...and the Assoc. Press?Sorry, I couldn't help myself.
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Joined: 1/12/2009
Posts: 235
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I suppose the above thread may be interesting...if only it could be read.
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Joined: 9/25/2007
Posts: 1,506
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Although I can read it ...
I'm afraid that I miss the point as well ...
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Registered User
Joined: 1/28/2005
Posts: 6,049
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This is the deciphered version:
=============================================
Topic: strange bullishnessPosted: Wednesday, March 25, 2009 12:03:57 PM
"QUOTE (realitycheck)Now OBAMA is proposing CEO pay limits ... even on companies NOT taking govt. money ...Like I said ... he's exporting capital & intellect ...And the US will be left with ??"
"QUOTE (Hohandy)No he's not, idiot - quit listening to and spreading FOX "news" lies - a stock board is especially not the place for it and this board has stunk ever since you joined it.****
Associated Press- Thursday, Oct. 22, 2009
Obama: Excessive pay ‘does offend our values’Average compensation expected to be cut in half for top executives
WASHINGTON - The Treasury Department on Thursday ordered seven companies that received billions of dollars in government bailouts to halve total compensation for their top executives. But the big reductions will not apply to pay earned before November.Kenneth Feinberg, the Treasury official leading the pay review, told reporters that average salaries for the top 25 executives are being cut 90 percent starting next month.The action will apply to the top executives at Bank of America Corp., American International Group Inc., Citigroup Inc., General Motors, GMAC, Chrysler and
Chrysler Financial.
Meanwhile, the Federal Reserve unveiled a proposal Thursday that for the first time would police banks' pay policies to ensure they don't encourage employees to take reckless gambles like those that contributed to the financial crisis.Unlike the Treasury plan, the Fed proposal would cover thousands of banks, including many that never received a bailout. But the central bank would not actually set compensation. Instead, the Fed would review — and could veto — pay policies that could cause too much risk-taking by executives, traders or loan officers.The government did not want to make executives return compensation already received this year, but the reduced pay levels will be the base for making decisions on salary in 2010, Feinberg said.
****Don't you just hate those big liars at Fox News...and the Assoc. Press?
Sorry, I couldn't help myself.
============================================================
I'm guessing the implication is, what realitycheck (and Fox news)stated came true.
That's nothing new however. I always expect that. (heh, heh)
What I like to call the "mission creep" of government.
Thanks
diceman
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Registered User
Joined: 9/25/2007
Posts: 1,506
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The really funny thing is ...
The govt is the BIG WINNER in all of these huge salaries ...
Typically ... they get about half ... and do nothing at all for it ...
Not unlike when you see politicians berating oil companies for multi-billion dollar profits ...
Knowing full well that as much as 70% of those profits end up going to Federal and State taxes ... first at the corporate level ... and then at the personal level after they are distributed as dividends ... totally aside from the $0.50/gal or so that the clip off of the top ...
Maybe one day ... Americans will wise up ... and figure out that they don't need to worry about ousting politicians ... or holding tea parties ... or staging revolutions ... etc ...
All they need to do is sit down ...
And it all comes tumbling down ...
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