by modre » Tue Dec 23, 2008 11:45 am
the TV ads to buy your unloved gold is a bad sign. a definite shift of wealth under duress...but that's how the game is played isn't it?
Honda still offers the 50cc and the 600cc scooter but did away with everything in the middle...I don't understand that at all in this climate. I would have put the eggs in the 150-500cc basket when gas hit $4/gal. I'm not sure what they're doing other than making space for China's production and fat profits at cheaper yet labor costs.
it's like every rat is grabbing a mouthful and jumping ship.
I have to assume if suppliers are going to take your deposit check and not deliver, the better position is not to be vulnerable with tit caught in a wringer orders and just sit back fat and happy and wait it out. the signs are not good.
not to worry tho, if you have tools and abilities, bad times only hit the consuming public...it never reaches the clever and immune...actually this is the time for folks with hands to clean up...everything will soon be for sale cheap and scrap metal is where you want to be positioned...no one can fix anything...that pretty much ended a generation ago.
you have to remember in the crash of '29 the guys who sold short made fortunes.
sell short means:
borrow stock at $100/share and sell it at market... committed to pay back the loan in X time.
as the market falls and the stock becomes worth $2/share, you buy it at market and repay the stock loan obligation...you made $98/share.
suppose you did 5K shares...you made $490,000 minus fees and taxes while everyone else jumps out windows.
and that's how the game is played...it has nothing to do with ethics.
with 250 years of the best and brightest running it right into the ground, you can't really take them or it seriously.
we'll always have BJs and firewood...you just need to prioritize what it is that makes you happy.
also, don't work for the man...he'll use you until it becomes more convenient to throw you out.
that's pretty much the secret to life.
have skills and don't be dependent, the recession/depression will never touch you.
the negative effect is proportional to the addiction.
the animals all around us aren't aware of any market hic-cup what-so-ever because they have no dependence to it.
does that make sense?
the rest will die in panic cursing God...a poor choice IMHO.
but then, all the info was there the whole time and it comes down to the choices we made along the way.
the Am Ex corporate pigs I worked for used to tell me:
"lack of preparation on your part does not constitute an emergency on my part"
I can't wait to dance on their graves.