Quote:
Originally Posted by Tully Mars
When it's down no one thinks it will go up and when it's up people never think it will crash.
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I'm not pessimistic by any means. I just don't believe that these kinds of gains are reasonable in such a short period of time. Two years and we're up into double digits again? The smartest guys in the room have to have figured out another way of smoke and mirrors and passing the hot potato. Government regulation wasn't as heavy handed with the banks and financial institutions as it was with corporations after Enron, Tyco, MCI. They passed the Sarbanes-Oxley Act which severely hamstrings corporations with checks and balances so that the massive fraud won't happen again. I don't see the same type of corrections done by the Obama administration nor Congress.
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I don't care if you are black, white, purple, green, Chinese, Japanese, Korean, hippie, cop, bum, admin, user, English, Irish, French, Catholic, Protestant, Jewish, Buddhist, Muslim, indian, cowboy, tall, short, fat, skinny, emo, punk, mod, rocker, straight, gay, lesbian, jock, nerd, geek, Democrat, Republican, Libertarian, Independent, driver, pedestrian, or bicyclist, either you're an asshole or you're not.
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