Investors....come in please!

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Originally Posted By: Pablo
I was thinking today would be a good buy day.


Yep.

I rent office space to a national brokerage firm ( a conservative one - not any of the fools that leveraged themselves into the grave ) and they were not throwing themselves out of the windows.

I put in a couple of low ball offers on some real estate I've had my eye on, just in case the panic spread.
 
Originally Posted By: moribundman
Originally Posted By: Papa Bear
Drew, you are an accountant ??!! It's ALL your fault.
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We need more men peddling bears. If I were a woman, I would want to bear your cubs.


That freaked me out mori.
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Originally Posted By: Primus
As I understand the Fed widened the set of assets eligible as collateral for loans of Treasuries to include all investment grade paper, and raised the size of these Treasury loans to $200bn. In other words the Fed widened the set of a toxic waste that can be accepted as collateral. And it also suspended rules that prohibit banks from using deposits to fund their investment banking subsidiaries.

After such decisions I would start worry about any amount in the bank. Especially, when AIG is waiting for its fate and WaMu already took a place in the queue. FDIC may not be able to help because its reserves are quite limited.


Good points. I've started to keep a couple weeks of cash on hand so I don't get stuck with no cash if my bank shuts down.

Warren Buffett has stopped offering deposit insurance if that is any signal.

For those of you buying, you have serious balls, especially since we have no idea what's going down next. I hope you guys cash in because anybody with guts like that deserve to be rich
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With the news on talking about the lehman brothers crisis, yesterday, my wife had to guts to tell me that our in laws financial advisors are having an open house this week so we can invest our money. I'm going to pass..
 
Originally Posted By: VeeDubb


Good points. I've started to keep a couple weeks of cash on hand so I don't get stuck with no cash if my bank shuts down.

Warren Buffett has stopped offering deposit insurance if that is any signal.



WAMU will not go belly up. They have enough cash.

Got a link on the Buffet thing? He gave deposit insurance???
 
Pablo, what are the implications of MM breaking the buck for individual investors?

Silver going through the roof today. Up 6.5%
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Originally Posted By: Pablo
Should I sell GLD? Up 10.65% today
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(kinda like the naked blind monkey in the room with the typewriter)


If you do, it's a lock in.
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But then gold will skyrocket another 100 bucks tomorrow. If you don't sell if, it'll tank 200 bucks tomorrow...
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I am still a weenie...still on the outside looking in.


Well...except for those 2,000 shares of Lehman Bros that I can't get myself to sell :)
 
Originally Posted By: Drew99GT
Holy gold. Up almost 7% today. [censored] I wish I had stayed in Permanent Portfolio...



I got several digits in the Permanent Portfolio.
 
Originally Posted By: Pablo
I bought WAMU under $2. Let's see how the offers come in.

I felt some level of capitulation today. We'll see.


How did it feel Pablo...?
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I'll still stay on the sidelines with about 50% cash for a while yet, then, ALL IN!!!
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