Originally Posted By Kar2oonMan I should have invested in exclamation points. Mr. X would have made me very wealthy. ; )
Originally Posted By Mr X Wow, I should have waited til dow was down 340!!!! 340!!!!!!!! 340!!!!!!!!!!!!!! (and then reversed and came all the way back up again!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!) Talk about volitility!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Originally Posted By Kar2oonMan If you don't stop, the Fed is going to have to print up more exclamation points.
Originally Posted By Kar2oonMan Bad news, Mr. X. The exclamation points you've been using were made in China and contain lead paint. Buy American!!!!!
Originally Posted By SuperDry I tried to save some money a few years ago by importing exclamation points from Mexico, but when they arrived, half of them were upside-down - haven't those people ever heard of quality control?
Originally Posted By iceknyght LMAO! I thought I got a great deal on exclamation points from Iraq cause they sold them by the barrel, but they were like $100 a barrel and were all oily....
Originally Posted By Mr X ***He also did an interview a few months back where he essentially told viewers how to manipulate stocks and work the system (that's illegal, and he all but admitted he used to do it when he was a hedge fund manager). He said that's what you "must" do in order to be successful in the business.*** <a href="http://www.thedailyshow.com/full-episodes/index.jhtml?episodeId=220533" target="_blank">http://www.thedailyshow.com/fu...d=220533</a> He's in trouble now!
Originally Posted By Mr X ***Mr X is quite right. The real estate bubble is starting to pop, and its going to be spectacular. And its not just "sub-prime" that will go down the tubes. There is speculation that the overwhelming majority of mortgages that were made in the past 4 years are going to default.*** Courtesy of fkurucz, 8/5/2007... If people wanted to look 2 years into the future, better to listen to KooRUtz than Cramer! Talk about some serious forwarnings!!
Originally Posted By Mr X ***Mr. X, the text on the Countrywide website reads: <Our 80/20 no down payment loan allows qualified borrowers with excellent credit to get an 80% first mortgage and a 20% Home Equity Line of Credit to equal 100% financing on their home, not counting closing costs.> 'with excellent credit' is the key phrase here. Didn't the problem that loan companies were granting loans to people who didn't qualify?*** Wow... Talk about a blast from the past on THIS one. Jim, I'm guessing your faith in Countrywide is a tad less these days? j/k (sorry, I'm not trying to bring up painful subjects...I'm really not...but it's so bizarre that so much has gone down that we debated about such a long time ago...it's just weird!)
Originally Posted By Mr X ***People have been saying that the real estate "bubble" will "pop" for almost a year. Just a few months ago, on this very board, a few posters made dire predictions when the stock market dropped a bit. Of course, then it roared back. As I said then, and still believe, these mortgages will continue to be a problem, and the real estate market will continue to be soft for several more months, but it won't cause the economy to crash.*** Sorry. HAD to go with one quote more. DougDub...8/6/2007
Originally Posted By Mr X Wow... It just occurs to me that in posts 137-140 I TOTALLY nailed the very tippy top of the bubble...AND warned everyone to get out on this very thread. The VERY top. Anyone who listened to me gained everything and lost nothing. I freakin NAILED it! (don't worry folks, twas just dumb luck)
Originally Posted By Mr X Sorry..didn't mean for that to come out as "crowing" as much as it did! I'm really surprised, myself. I had no idea things would become as dire as they have, but anyway it's kind of weird to me that I was so on top of things back then (I abandoned the markets entirely in February of 2008, and since they I frankly haven't paid as much attention as I did back then).
Originally Posted By friendofdd I'm glad you did so well, X. I was planning to let my small IRA ride, but one of my children applied to Bank of Mom and Dad for a loan. So I pulled it out in March '08. Everything is in cash right now and I sometimes worry about inflation. So far, though, I am running ahead of it easily.
Originally Posted By LuLu So X, please tell us, are we in for a depression or hyperinflation? My crystal ball is broken but I guess yours works
Originally Posted By Mr X ***So X, please tell us, are we in for a depression or hyperinflation?*** Giant extinction level asteroid. Sorry. ***I was planning to let my small IRA ride, but one of my children applied to Bank of Mom and Dad for a loan. So I pulled it out in March '08.*** Wow. Fortunate timing! (you likely saved yourself 40-50 percent loses by now...assuming junior pays ya back someday)
