Recent content by DragoMuseveni

I've come to the opposite conclusion. I'm 32 and looking to buy my first home next year. I just passed the bar and I have years of income appreciation to look forward to. My plan is to buy a house or a two flat that I can easily afford on my income today. I will stay in the house for a decade...

Here is another article on short sector ETFs. I skimmed it last night and it was interesting. The article points out that alot of the super short sector ETFs aren't up as much as you think the would be. Don't know how well it applies to an ETF that shorts the Dow or S&P. Why Short Sector ETFs...

I am by no means an economist, but lately I have been more worried about a replay of the 1930's than the 1970's. Over the past month we have had the greatest drops since the 1930's, and the greatest rebound since 1933. All of those references worry me. Assuming that we do not replay the...

But when the Bear bondholders bought the Bear Stearns stock JPMorgan Chase had announced that it wanted to merge with Bear. Here with Citi there is no merger on the horizon. The only bank with enough capital to merge with Citi is the fed... Isn't this the second major crisis Citi has had? I...

Why would the bondholders buy the stock? When a company goes into bankruptcy the common shares are wiped out. Am I missing something?

It will be an interesting week. Thankfully the market will be closed on Thursday, it looks like we will need that.

Lol. I just realized that I had a checking account at WaMu (now Chase), and a 401k account at Wachovia (now Citi). I must be bad luck for banks. Lol. For 1/1,000,000 the cost of the bailout I will pull my funds from Chase and Citi and put them under my mattress. It'd save you all tons over the...

In normal times I would agree with you. These are not normal times. I'm worried about how messy it could get if we don't do anything. Yes I know that letting businesses fail is good for the economy and I know why that is. Everyone reading this board can give the reasons for that in their sleep...

Lol. Good point.

That we don't know what will happen is the problem. To oversimplify, if we'd have passed the bailout bill our downside would have been $700,000,000,000. But since we didn't pass it our downside could be potentially unlimited. WaMu went splat last week, Wachovia went splat today. I hate to...

I can definetely understand where you are coming from. I think the pain is useful, hopefully it will stop us from being so stupid for another two or three generations. It is just that I'm worried about how much pain we are going to have. A year ago if you'd have told me that Fannie and Freddie...

Thanks. You just made me laugh.

My main bank is WaMu, but a couple of Mondays ago I opened an account at Chase just to be safe. Sadly I was right to be cautious. Oh well, Chase is so big now that if it goes belly up getting access to my account will probably be the least of my problems. Interesting times...

It's the world's most expensive game of chicken...

That doesn't account for population growth or inflation. For instance: in year one you spend 10k on a program that covers 1000 people, in year two you might have 1100 people in the program so the amount you spend on it should be increased proportionally. You also need to increase for inflation...