i am in it for the long term. there is value, and it will be hard to adequately extract it with such ridiculous unpredictable volaitiliy in the short run.
if i didn’t miss it (i didn’t see it until it was at like .9xx), i would have shorted it yesterday and rebought in a month or so when the crazyness dies out
um…short selling is currently banned on those stocks.
No you wouldn’t have. SEC banned short selling on hundreds of stocks, including FNM and FRE.
OMG IM SO SORRY, just hope none of you short your lives over it
YOU SHOULD BE!
Should have shorted RIMM yesterday
stupid chino. long term, baby, long term.
lol no one in this thread is long term focused, gtfo!
i am longterm, i am still putting into my 401K’s (well not mine at work, but maxing wifey’s as they match) 
If I had gotten up early that would have been my opportunity to buy more. It’s already made up its losses.
PEOPLE ARE PANICKING!!!
So who still has WAMU?
LOL .16 a share now
haha, glad i sold that shit. JPM took all their assets and left the stockholders hi and dry.
Not I, thank god, and you can’t do anything with it but cry if you still do.
The fact that WM failed hurt more then JPM buying their assets for 1.9B
http://nymag.com/news/businessfinance/50520/
Amazing piece by JJC
And since the majority on here can’t read anything more than 2 short paragraphs, the real important part for those who don’t care or are incapable of understanding how we got here…
What about all that nationalizing? I know there’s been a lot of hand-wringing about the government’s takeover of AIG and Fannie Mae and Freddie Mac, and about the inconsistency of bailing out one firm, Bear Stearns, while leaving another, Lehman, hanging out to dry, and, not least of all, about taxpayers footing the bill for greedy Wall Street executives’ incompetence. And don’t get me wrong: I’m no fan of Greenspan or Bernanke or Hank Paulson, either. They helped steer us into this mess. But the fact is, they had no choice but to do what they did. Am I worried about setting a dangerous precedent of bailouts? Sure. Do I resent my tax dollars being spent this way? Yes. But had the government looked the other way, the stock market would have truly crashed—another 2,500 points at least—and we would have been in far deeper trouble. In a sense, the system worked. Your tax dollars provided insurance against a far bigger calamity. As it is now, I see more turbulence for investors in the short run—that’s Wall Street gibberish for volatile stock prices—but one thing I don’t see is a disaster. In fact, I believe we will come out of this mess healthier and more risk-averse, which is good for everyone in the long run.
Nice find Joe.
So you’re a democrat now?
Real republicans live and die by the invisible hand. :eyebrow:
Without getting too deep here, the gov’t should not have allowed the crap the banks were doing for these so called “non-conventional” mortgages. I’m not saying that the government should oversee every mortgage, but some of them should have never been created/allowed in the first place. Who the F seriously thought that an interest only mortgage was a good idea? I want a house, I can’t afford a conventional mortgage, I know, I’ll just pay on the interest while I speculate that the value of my home will increase by $xx,xxx and then I’ll be good.
HEY THANKS!
edit: seriously thank you… that passage gave me a good amount of hope :tup:
This video on fox business from 2006 gave me a good laugh.
I love how they were all laughing at him and he is probably the only one of the bunch who has made a profit for his customers in the last 2 years.