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msgkings

Published Letters: 132
Editor's Choice: 3

Tuesday, August 4, 2009 08:58 PM

@ Scorpio

All this good news and recovery stuff is just KILLING you. Oh, the good news, it BURNS!

So where are you going to spend all your winnings on shorting the market down to 5000?

Thursday, July 23, 2009 12:09 PM

Hear hear

What itsfunhavingfun said.

Also, even though I prefer the S&P500 too vs the Dow, it's kind of weird how they basically track each other pretty closely. The Dow is down 36% from its Oct 2007 peak. The S&P 38% (same peak month). And the longer the time frame the closer they track. It's strange, it shouldn't work out that well but it does. Now in the short run the Dow and S&P can diverge some. YTD the Dow is up only 3.5% but the S&P is up 8.3%. Mainly because GM and Citigroup dragged the Dow lower while they were still in there.

Friday, July 17, 2009 09:10 AM

@ Scorpio

Folks with real bona fides don't feel the need to trumpet them as stridently as you do ("I was predicting x long ago", "I am smart") so we'll take that evidence for what it indicates.

Meanwhile, you've officially exhausted my fun playing with your Debbie Downer mess for this thread. So I'll let you have your usual last word.

And continue enjoying the recovery.

By the way I happen to agree we are NOT going back to the debt-fueled mess of 2003-2007. We are in for a slow, sluggish recovery with consumption falling from 70% to maybe 65% of GDP. But recover we will. Not that you'll ever feel good about that, or anything. Sad.

Mahalo.

Thursday, July 16, 2009 08:57 PM

@ Scorpio

Yeah, it gets old when you literally use words that don't mean what you think they mean. The economy's trajectory hasn't been going down (your only setting by the way...downer gloom) for 'several years'. The market peaked less than 2 years ago. The economy didn't tank until the 3Q08. Subprime housing started getting ugly late 2006 I guess.

And, um, permabears like you of course look pretty 'smart' the last year or so. But since you seem to believe that things will never recover, I can just wait to be right. And when you're wrong as you are already starting to be, you'll deny the facts like you did in the first post in this thread.

Permabears and permabulls are useless. Follow the ones who get it right both ways. Or get it right one way then CHANGE their forecasts occasionally. Like Roubini.

You know, NOTHING is as bad, or as good, as the extremists will have you believe.

Or maybe I'm feeling more optimistic because my life is going a lot better than yours. Who can tell?

Thursday, July 16, 2009 05:50 PM

@ Scorpio

Priceless. You never disappoint. When we are growing again and the unemployment rate starts to tick down next year I'm certain you will claim it's all lies.

"Roubini an optimist." Just perfect. Jim Rogers too? Peter Schiff?

We've previously established, on numerous occasions, that you're a not-too-bright doom junkie. Thanks for confirming it once again.

Thursday, July 16, 2009 02:18 PM

@ Teufel

It's not me, it's Roubini, one of the gloomy guys who predicted this mess, now saying it's over. If you read closely he's saying late this year, not now. I tend to agree.

The CRE problems aren't as bad as residential, much less overleverage and overbuilding. It's priced in anyway.

Now, we are going to have a really slow recovery and unemployment, as it always does, will keep rising even after growth resumes in probably the 3Q09. Normally after a recession it takes 12-18 months for unemployment to get back down to 'base' of 5-6%. This time probably 24-30 months. Which means it won't 'feel' like a recovery, but it will be one. And one not fueled by debt which is a good thing.

I like to mess with Scorpio because he's such a grump and so easily riled up. And anyone that dour and miserable deserves tweaking.

Thursday, July 16, 2009 02:01 PM

@ Scorpio

All this good news has got to be KILLING you.

July 16 (Bloomberg) -- U.S. stocks rose for a fourth day, the longest streak in six weeks, as economist Nouriel Roubini said the worst of the financial crisis is over and the recession will end this year, while takeover speculation lifted commodity shares.

Oh wait, all good news is made up propaganda. My bad.

Wednesday, June 17, 2009 01:56 PM

@ Scorpio

Wow, you ended up there. Oscar Wilde you ain't.

Here, let me try: you're dumber! you're a dummy dumb head! and you're poopy!

OK, I'm done with the Scorpio show for today.

(As a parting gift I'll predict your reply: you'll cut and paste and italicize the words "OK, I'm done" from the sentence above and then say something trenchant like "you sure are")

Buh bye.

Wednesday, June 17, 2009 01:19 PM

@ Scorpio

Can you not even see the obvious insecurities you show with your posts? Do you see how easy it is to rile you up? Are you so deluded as to think that your claims that I am stupid will somehow wound me? Like I read your last post and I'm sitting here thinking 'my god, he's right. I'm so dumb'.

The more you crackle, the funnier you are. You get this kind of teasing because you react so pricelessly to it. Didn't you learn anything in grade school about carrying yourself with some confidence?

Have something interesting to say for a change, we can read cnbc.com ourselves.

And lighten the f up.

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