Comments on: Watchlist for March 17, 2008 http://tradermike.net/2008/03/watchlist_for_march_17_2008/ Stock market commentary & trading ideas. Stock market weblog (blog), swing trading, day trading, stock picks, technical analysis, stock charts, stocks. Mon, 06 Oct 2008 20:40:17 +0000 http://wordpress.org/?v=2.6.2 By: Chris http://tradermike.net/2008/03/watchlist_for_march_17_2008/#comment-9262 Chris Wed, 19 Mar 2008 22:45:52 +0000 http://tradermike.net/2008/03/watchlist_for_march_17_2008/#comment-9262 Mike, I do agree that the US is heading for a crisis on multiple levels but I can’t believe you recommend the book so highly. The podcast was borderline sickening; I almost had to turn it off based more on the show host rather than the author. The author was a lot more realistic and level headed when speaking about the four storms. Why do people continually compare the US to 2nd and 3rd world countries rather than past superpowers that collapsed and came back. Most recently is the fall of Japan, England, Germany, France and beyond… These countries are still ticking. Our crisis is larger than all four combined but let’s not get ridiculous. Even the author says that life will go on but a few hot spots will exist here and there. I believe that. The world forgetting about the US is a little far fetched. Who decides to forget about a market of 400+ million people in 2050 and beyond? No one has forgotten about England, France and friends. I just have trouble knowing that you pump the book so favorably. Our system is screwed-up and I am rushing here with this comment but some statements in the podcast alone made me laugh out loud on the train. I hope we can chat about this some time in NYC when you are up here. I would like to be enlightened and hear you point of view first hand. -Chris Mike,
I do agree that the US is heading for a crisis on multiple levels but I can’t believe you recommend the book so highly. The podcast was borderline sickening; I almost had to turn it off based more on the show host rather than the author. The author was a lot more realistic and level headed when speaking about the four storms.

Why do people continually compare the US to 2nd and 3rd world countries rather than past superpowers that collapsed and came back. Most recently is the fall of Japan, England, Germany, France and beyond… These countries are still ticking.

Our crisis is larger than all four combined but let’s not get ridiculous. Even the author says that life will go on but a few hot spots will exist here and there. I believe that. The world forgetting about the US is a little far fetched. Who decides to forget about a market of 400+ million people in 2050 and beyond? No one has forgotten about England, France and friends.

I just have trouble knowing that you pump the book so favorably. Our system is screwed-up and I am rushing here with this comment but some statements in the podcast alone made me laugh out loud on the train.

I hope we can chat about this some time in NYC when you are up here. I would like to be enlightened and hear you point of view first hand.
-Chris

]]> By: Hal Stevens http://tradermike.net/2008/03/watchlist_for_march_17_2008/#comment-9260 Hal Stevens Tue, 18 Mar 2008 16:50:09 +0000 http://tradermike.net/2008/03/watchlist_for_march_17_2008/#comment-9260 Yes, the financial companies are getting squeezed by their reckless risk taking. This is just like so many people got squeezed trying to flip houses and make a killing. What many people are missing is that there is an underside to this economy filled with people with questionable credit, some without bank accounts, in debt and working on minimum payments from month to month. These people are increasing in number rather than decreasing. They would rather make payments on their credit dards so they can live from month to month (or week to week) than pay their mortgages; especially since they may be upside down in the value of their home. So, who takes care of these people? By that I mean, who services this less than credit worthy population? If they won't go away and are increasing in number then they may be a market worth looking at. And, as for all of the hedge funds and investment banks, it's ironic that for once the rich guy gets more screwed than the little guy. Yes, the financial companies are getting squeezed by their reckless risk taking. This is just like so many people got squeezed trying to flip houses and make a killing. What many people are missing is that there is an underside to this economy filled with people with questionable credit, some without bank accounts, in debt and working on minimum payments from month to month. These people are increasing in number rather than decreasing. They would rather make payments on their credit dards so they can live from month to month (or week to week) than pay their mortgages; especially since they may be upside down in the value of their home. So, who takes care of these people? By that I mean, who services this less than credit worthy population? If they won’t go away and are increasing in number then they may be a market worth looking at. And, as for all of the hedge funds and investment banks, it’s ironic that for once the rich guy gets more screwed than the little guy.

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