What happens if the unthinkable happens?

[bbbamI]

I hate to say it but all of this negative news is starting to make me think that we might literally see "Blood in the streets" soon

Move to my city...I'll protect you.....

 

[Steve O]

Id consider it if you would be my Sugar momma, and I aint workin

 

[bbbamI]

Id consider it if you would be my Sugar momma, and I aint workin

Stand in line darlin'......

 

[shoe]

My Mom (85) and I were talking about the depression the other day and what bothered her the most she said was a lack of food. Being one of ten children and poor as church mice meant there wasn't much to go around. She said her mother baked 8 loaves of bread a day and they would be gone by night since that was the most they had to eat. Despite that she said they were very happy, sharing 1 beat up bike from the town dump for all the kids. She said that in a good year they would get a coloring book for Christmas and in a bad year they each got a couple of PAGES from just 1 coloring book.
I think today's kids would find it difficult to receive so little for the hyped up holiday that is Christmas.

 

[Independent]

The $26 in earnings includes all the massive writedowns and impairments that were taken recently. You can only write down an asset from 100% to 20% once, so I don't think the $26 December earnings figure is a good measure of "recurring" earnings. That is why Shiller averages earnings over 10 years. By that calculation earnings currently stand at $57.74, which would put S&P 150 at a 2.6x multiple - the lowest ever recorded by a long shot.

Thanks for the reality check on earnings. I saw that big drop and thought "Holy ___ , this is worse than I thought".