Archive for July 31st, 2008
Thursday, July 31st, 2008
China borrows from SEC, Limits Share Sales
Absolutely amazing! China is limiting share sales to prop stock market. It’s only a matter of time before the whole thing plunges and falls apart; what will be the catalyst? Aug. 1 (Bloomberg) — China is restricting approvals for share sales to keep new supply of equities from putting additional pressure on the world’s [...]
No Comments » - Posted in Financial Safety,Watch Out by RichSlick
Thursday, July 31st, 2008
Prepare for Black October
Now that the Fed, US Treasury, Congress, SEC, and Wall Street have all conspired to keep the market afloat, the only logical thing that can happen next is a market collapse. I’m guessing that late September or perhaps October will result in a dreaded “black __day” event. I’m wondering why the new housing bill didn’t [...]
No Comments » - Posted in Watch Out by RichSlick
Thursday, July 31st, 2008
Should My Friend File For Bankruptcy?
I had an interesting discussion with my friend a few days ago. About a year ago he borrowed $40,000 (at 0%) on credit cards to invest in the stock market. He had asked me about investing in the market and I advised him AGAINST borrowing credit card money. He asked me why I could do [...]