GREAT NEWS FOR THE MKT TO CONTINUE IT"S UPWARD CLIMB



Mortgage loan delinquency (the ratio of borrowers 60 or more days past due) increased for the 11th straight quarter, hitting an all-time national average high of 6.25 percent for the third quarter of 2009, according to credit rating firm TransUnion. At the current rate, delinquencies would hit a one-year high this year.

Buffett purchased preferred shares in US Airways (LCC: 3.33 -0.05 -1.48%) in the early 1990’s, and later remarked that this was one of his biggest mistakes. Now before getting to far into this it is worthwhile to comment that Buffett did in fact end up making a profit on his holdings of US Airways but Buffett certainly cannot claim credit for this. In his own words:



“Two changes at the company coincided with its remarkable rebound: 1) Charlie and I left the board of directors and 2) Stephen Wolf became CEO. Fortunately for our egos, the second event was the key…” Warren Buffett, Bershire Hathaway Letter 1997.



A few years after purchasing Buffett had pretty much written off the investment and had tried to sell out of the stock numerous times at a substantial discount. The investment had essentially become out of control and Buffett wanted out.

Congratulation …Way to go everyone 2nd place. Keep up the good work.

Maybe you can be # 1 next year

[quote=THE BUBBLE GROWS]Congratulation …Way to go everyone 2nd place. Keep up the good work.

Maybe you can be # 1 next year



[/quote]

How do you figure number 2?  Looks like number 1 to me.

Do you know how to read a chart?

Good point Moraen. I stand corrected. In that case WAY TO GO TEAM. I’m very proud of all of you. Keep up the good work. That’s what makes America great

Mel

here is one FACT.



You started your bear rant at spx 1040ish.



You have been WRONG.

Again with the Mel talk. Who is this Mel guy you keep talking about?

here is an experiment for everyone. get a few pieces of bubble yum

and blow a bubble. do you notice the bigger the bubble gets , the bigger the mess is when it pops

I understand the fraud within the financial services sector, but what was the fraud in the retail, wholesale, and distribution sector?  Did Sam’s sell a bunch of folks tap water again? 

Congratulation …Way to go everyone 2nd place. Keep up the good work.
Maybe you can be # 1 next year

You know, it kind of looks like the sector allocation recommendations at Jones.

[quote=THE BUBBLE GROWS]Congratulation …Way to go everyone 2nd place. Keep up the good work. Maybe you can be # 1 next year

You do know that this is a chart about the financial services companies BEING defrauded, right? And only 12% of that loss (according to Kroll risk management here is the link http://www.directorship.com/kroll-global/) is compliance related/regulatory breach.

You do know that this is a chart about the financial services companies BEING defrauded, right? And only 12% of that loss (according to Kroll risk management here is the link Directorship Magazine | NACD) is compliance related/regulatory breach.

[quote=THE BUBBLE GROWS] [quote=RicRelo] [quote=THE BUBBLE GROWS]Congratulation …Way to go everyone 2nd place. Keep up the good work. Maybe you can be # 1 next year [/quote]

I will equate Ricello to his Family. He gives AWESOME head!!!

Are you a financial Advisor ?

Yes-- then you basically provide very little service to people and charge them an outrageous fee for something that they could do just as well ( or better ) on their own for 1/2 the cost. Maybe crook is too strong of a word…how about worthless instead

This is obviously a made up chart.  Uses the 10 core S&P sectors and list two years of results in a chart claiming to be for 3 years.  Not even a good attempt.