What is Digg?9 Comments
- jana67, on 09/19/2008, -1/+17Thanks Don for speaking up for the "average American", we need more just like you!
- Kent4jmj, on 09/19/2008, -1/+13"Baldwin will speak to the annual gathering of conservative and libertarian political leaders Saturday, September 20th at 3 PM local time and is expected to say, “Our entire financial system is based on an illusion, with a foundation built on quicksand. We spend more than we earn, we consume more than we produce, we borrow more than we save – and we cling to the fantasy that this can go on forever. The glue that holds this crumbling scheme together is a fiat currency called the Federal Reserve Note, created out of thin air by an international banking cartel called the Federal Reserve. Since a ‘note’ is a debt, this leaves us with an obvious problem –"
- gardengrocer, on 09/20/2008, -1/+11Don is saying what everyone is thinking."Hey, what about the little guy who is just barely making it?"
- inactive, on 09/19/2008, -1/+11Don is holding back a lot of pain. I hear it in his voice and see it in his face. He's not the same guy from a year ago. I shudder to think of what's happening to the patriots.
Hold the line people. - flavioribeiro, on 09/20/2008, -0/+8It looks like Don was short overnight, the Fed came in with the bailout ***** and he was forced to cover at a major loss.
It's pointless to put your cash in stocks if the government keeps distorting the prices and screwing you over. Right now we have the opposite of what the free market is supposed to stand for. Stock prices are not representative of real value.
I feel sorry for Don, and for every individual trader who's been screwed by the Fed. I used to hold stocks -- I've been sitting on corporate bonds since December, and do not plan to buy stocks any time soon. - inactive, on 09/20/2008, -0/+5I am sure your assumption is correct. Holding short over night was always risky; however, it's become financial suicide.
Don probably got caught up in the technical play and got his ass handed to him. But, there are thousands of shorts out there who got the same treatment. They will get back in the game. There's no way this market can operate without the hedge. This pump will wear itself out, and the markets will be worse because of the recent intervention.
I imagine the next 800+ point swing to the down side will result in a closing. Who knows where the markets will open up after such an action. I'm sure it will be hard to play the volatility though.
Bonds are the sane play. - brightlight4, on 09/20/2008, -0/+5I think all CEO and those responsible for the companies being bailed out should also forfeit their wealth to the people. After all it is those people who are bailing out such companies!! I can see why he is mad and I fully agree with all he has said. Alternative, turn the country into a socialist country and allow all to benefit from the aid only big companies are getting.
- Striker101, on 09/20/2008, -2/+5uh uh, how does having us cover his losses help the national debt? He's right to be mad, but redirect to the government which caused the problem.
- bigsurjune, on 09/20/2008, -0/+2Every American should be this mad but they're not. The only emotion Americans seem to feel now is those that fat, aloof, and lazy people feel. This will all change in a year from now, mark my words....
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