Arkansas Blog

The rich get richer and the poor middle class see their retirement dwindle away. The DOW was 14000 a year ago and now it's headed to what 8000, 7000, or lower. We will all have to work until we are 100 now. Bush said "it takes time for the relief to work", but by the time it does there will be nothing left.

That Russellville preschool teacher is on the DOG editorial board.

The old wise heads say you haven't lost anything unless you sell at a loss when the prices are down. The first millionaire I ever knew was reading How To Make Money In a Panic or Panic when she had a stroke at 81. I think for those of you with largish balls, this is the time to buy buy buy.

I just bought 85 bucks worth of Harp's Grocery...of course my Harp's stock came in white plastic bags and we'll eat it up in the next couple of days. The only market I'm in these days is the grocery market. I have a friend with 50 to 100 million. She went to Spain about 2 weeks ago and it appears she's not coming back. And I was so looking forward to one of those big hats you dance around.

Obama is making a big point today and McCain is screwing up Obama's words. Obama points out that if the US buys up all the bad loans, the homeowners will still have to pay back all the money for a house that isn't worth what's owed on it. So in effect, the government help, helps the bankers and not the home owners. McCain is suddenly saying Look look...Obama doesn't want to help home owners. Sheesh......everything can be twisted around to become a bullet for yer head. Life has become tedious!

Hubby bought six items for a mere $70 the other day, dbi...big ticket stuff like detergent, bread, tylenol...

The cost of groceries rises weekly. And given that I'm fond of organic high quality food rather than the cheap shit that will hurt ya, it's an adventure keeping my food desires in balance with our pocketbook. Never dreamed I'd be spending this much for two people and one small dog.

Just how low can the Market go??

Obama will probably spend the first week in the White House saying 'Holy shit!'.

How can McCain expect to win over voters on this particular buyout issue or by twisting Obama's words? I figure there are a lot more homeowners who are okay on their mortgages than there are those who are upside down. A lot others already own their homes outright. Many others rent. How many in any of those three groups support bailing out those who are in trouble? Can any of us in those three groups get a rebate or a "reward" for not f***ing up?

You folks might not be sports fans, but this week Al Davis of the Oakland Raiders fired the head coach, Lane Kiffin. Upon reading this I thought, Land should probably say thank you. Who wants to run somthing that the President has screwed up so badly for so many years? Makes me wonder if Obama should call a press conference and say, "Nevermind."

\
We're not hearing from our broker friend durango because he knows there's going to be a ton
of money made from these declines.

It's a vulture market. So if you have 2-20K you don't wish to lose in a bank foreclosure then ask our
friend where the real bargains are being created.

I'm thinking low-rent houses. Just think if you had bought gold 3 months ago when eLwood was sayin it's god then as of today your profit would have been 169 oz or about 25%.

I personally think gold-god has higher to rise. It's a fear investment. Higher the mistrust and fear, higher the price of gold-gods.

.

.

"Just how low can the Market go??"

Zelda, in naval lingo. enlisted that is, lower than whale shit!

Ya know....someone needs to point out to Wal-Mart and the grocery stores that the price of oil has really dropped, so they can lower their prices to pre-oil crisis levels and give us a break.

But screw all this....the really important news can be found by clicking on my blue state name! Ohmagod!

To answer your question Zelda, I learned in 1987 that the market can go as low as it wants.

Look for 8200. At that point there should be enough bargains to draw in the big players.

Meanwhile so many small players, a few large ones too, will have been wiped out with margin calls.

If the bottom is below 8200 then make sure you have a stockpile of non perishable food. Best not to share the fact if you do it.

However, it's now tomorrow on the other side of the planet:

"Asian stocks plummet straight out of the gate Friday, with Japan down 10%, Australia down 7.5% and South Korea down 7% as markets around the world are gripped by fear that a recession is imminent."
.

Zelda, which is the first you get rid of: the dog or the other one?

Why, the other, of course, cato. My dogs are with me till death...people according to their behavior, and/or my love.

"I'm thinking low-rent houses."

Right eLwood. Drive through the little Richland subdivision near LR's riverport. What do yo see? Nice little 1000 sq ft houses in a working class neighborhood. Good people, 55/45 white/black. Good jobs. Hard workers, dependable, pay their bills. Buy these houses here and there $25K-$30K cash. Rent them $500-$600 a month. They pay for themselves in no time. This is no slum lord stuff. Treat renters with respect in return for respect. Everybody wins. With regard to the market, fools galore. Selling in panic. Losing their asses. Happens every time. People NEVER learn. DOW at 8600. Do I hear 8500! 8000? 7500? Yes. Buy if ya got some spare change! Might as well cash in on the fools who are selling.