Comments on Fund My Mutual Fund: It Almost Would be Amusing if it Weren't so Pathet...

TED SPREAD shows somw hope.

2008-10-08T22:38:00.000-04:00

TED SPREAD shows somw hope.

The Dow does go up, doesn't it? I think it's brok...

2008-10-08T17:53:00.000-04:00

The Dow does go up, doesn't it? I think it's broken.

The problem with trying to catch a bottom is that ...

2008-10-08T17:38:00.000-04:00

The problem with trying to catch a bottom is that its only a bottom until we go lower. We are def. going lower.
What people expect too, is a speedy recovery, while our economy looks a lot like Japan (if not worse) in the 90s... a prolonged, slow, recovery.

Z.

What was the last time we had an up day for the Do...

2008-10-08T17:36:00.000-04:00

What was the last time we had an up day for the Dow? Must have been last month... oversold rallies last about 2 hours on average... really embarassing for the optimists... for all the Fed's efforts, the TED spread is at 3.87 which is astronomical, despite the rate cuts and all the TAF facilities...

I remember reading a book about the 1974 stockmarket crash and how blue chip stocks were trading at P/E ratios of 5- and dividend yields of 10%+, and I was thinking wish I was there!! Well, my wish is coming true :)

I am sure later in life we'll remember this as the opportunity of a lifetime, the tricky part is to stay solvent long enough to take advantage of it :D