The Nightmare Must End

... bill clinton says (as usual) he didn't do it :

http://news.yahoo.com/s/time/20090216/us_time/08599187977400

Rf Sahib, it is just not wall street. Financial services firms are not th eonly ones who have to own the blame. regulators and franly basic human behavior should share a big part of the blame as well.

and all those policies made by dems and reps alike...which on a rhetorical level make sense. Like homeownership for everyone, pushing sub-prime loans while relaxing credit guidelines and keeping the cost of capital artificially low.

Re: # 367

Bubba Sahib

Lets not forget that this mess was created by the Republicans rash policies, to judge Obama on such a short time span is unfair.

Financial, economic mess is gargantuan, complicated and needs long term solutions, world will have to reset their expectations and start to adapt to the new conditions or perish.

One more important fact, mess we have was created by Bankers and wall street excesses, how can they be rewarded by stock market relief. Main street needs help, not wall street.

Hamid mian,

These liberals are bent to screw the heartland with their verbosity. Did you not notice that for every question asked (a total of 13, in his 50 minutes press conference) President Obama spent an average of over 3 minutes to explain, one question. And poor helen Thomas could not even get her question answered. He uses his oratory skills and meanders his way on addressing both sides of the question asked. This a typical legislative and managerial style, when they say blah, blah, blah, on one side, and then they put a however in between and start saying just the opposite with another sets blah, blah, blah.

Re: # 360

tahmed32 sahib

(you invest over a 10 year horizon at least in such things, and what goes down must come up. )

NASDAQ peaked in 2000, this is 2009 and we are well below the peak levels seen in the tech bubble.

Mean reversion is another wall street failed theory used to dupe investors and justify their loss positions.

The sun will comeout tomorrow....bet your bottom dollar...there will be sun. ok, maybe not in Swat

Re: # 362

tezaab mian,

...... don't forget that tim is the guy who is incharge of the irs but 'forgot' to pay his payroll taxes for a couple of years .......... verily, we are fckued

tahmed,

.... ok i looked at the 10 year horizon and now i am really worried! ..... in feb 1998 the dow was at 9800, ten years later it is hovering around 7600 ....... so ten years from now it is going to be 5600? ..... i am a dead man! or, verily we are fckued !

hamidm,

I expected some thing new and different from Obama Presidency. Tim's plan doesn't look that different than Paulsons. In fact it has too little detail so far.

#359 i never understood the sense behind day trading and people going mad looking at stock prices every day. you invest over a 10 year horizon at least in such things, and what goes down must come up.

Goldfinger: of course pigs are birds - arjun can cut and paste an article on apples and oranges from Dawn online to prove that.

Re: # 357

tahmed mian,

.... have you seen how the market has reacted to his bank rescue plan and stimulus plan? ..... and let's not talk about his lack of judgement in picking his cabinet - you can excuse one bad pick, but when he repeats the mistake four times you have to wonder about the man's 'brain' .......

furthermore to #357: and if property can be bought at 30% the original price, then seems to me it is a good time to buy.

#354 hamidm: Obama is certainly no match for George Bush - Obama actually uses his brain, when everyone knows that Bush's faux Texan cowboy talk is what a presidency really needs.

Agree on Swat though. Like I said, put the "sharia" or "islam" label on a donkey and Pakistanis will respectfully start referring to it as "maulana".

bubba mian,

..... i have already pleaded temporary insanity for voting for obama .... i voted for mccain in 2000 and for bush twice and like everyone else i got suckered by obama's slick rhetoric - you have to admit, the man is charming! ......... i was a fool! ..... meray baap ki kasam i will remain true to the republican party from here on out ...... even the best of us make mistakes

..... as for the rest of it, i have been saying that we are fckued (verily) but being an optimist i also try to look at the bright side ....... to be honest, things look really bad in pakistan when you are sitting thousands of miles away, but everything seems to be fine in islamabad or lahore once you have been there for a couple of days ...... where else in the world can you play golf and the 'ball boy' makes sure you have a perfect lie in the rough .........don't be a party pooper and have fun while it lasts ...... when the taliban take over i will be the first one to grow a beard and squat like a woman to pee ..........

Re: # 354 Posted by hamidm2 on February 17, 2009 4:50:43 am

Hamid mian,

As you know, I always enjoy reading your posts. IMO you should be designated chowk's waffler-in-chief.

After you voted for the guy, you have the audacity to claim [.. i don't know if obama has what it takes to stand tough - the guy has already done three somersaults in the three weeks he has been in office ...... he was a great campaigner but i don't know if he is presidential material ..]

Didn't you know then what you know now? All these years you misled the "somewhat washed masses" on this site that you are a full blooded American red-neck, and yet, you did not vote for the older more experienced McCain. Your understanding of american political structure is very limited. And it appears that your understanding of pakis and their political dynamic comes from the GHQ garrison of the ruling elite of that wretched country.

Pakis in the settled areas are truly screwed because their ruling elite have been triangulated by the nexis of fanaticism emanating from the KSA culture, the al-masri muslim brotherhood of Egypt and the unwashed cave dwelling opium-gangsters residing in Afpak mountainous areas. In so far the regions of Afpak is concerned, US has contracted out its foreign policy decision making to the ruling elite of KSA.

And whenever the alt-F mafiasos are brought in with complete understanding and confidence, into this yet to be realized new foreign policy initiative, we would see a complete and effective control of the settled lands, between the ports of Karachi to the US designated free-trading outposts of mazaar-e-shariff inside Afghanistan.

And then, we all live happily ever after. And so it is written, and so it shall be done.