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Stocks below 7000

Old 03-04-2009, 12:20 PM
  #21  
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Originally Posted by FireFly View Post
Don't worry the messiah will save us all.
Andy I would move it to a credit union not connected in any way to the mortgage industry. They have private insurance like FDIC.

Me? I threw more money at the market today at 3:43pm. Ytd has been stellar.
Cashed it out again today exactly 48 hours of throwing money in for handsome profit. Remember, buy low and sell high. It's that simple.

And please do a search on the one stock I mentioned which made me a good deal of money last year. They are up at least 25% this year, maybe higher IIRC.
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Old 03-04-2009, 12:52 PM
  #22  
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Originally Posted by FireFly View Post
... Andy I would move it to a credit union not connected in any way to the mortgage industry. They have private insurance like FDIC.

The head of the FDIC today said they are looking at FDIC being insolvent this year, 2009, based on projected likely bank failures expected in the immediate future.

Me thinks for the FDIC to go insolvent it will take the double whammy of big bank failures; the first whammy is the FDIC payout to the acct holders, the second whammy is the lost of premiums paid to the FDIC by the big banks that fail.

While the fed govt is in line to bail out the FDIC, it presumes everyone is willing to keep tossing money at the problem. Support for the current bailout's modus operandi is fading quickly. It is possible the fed govt will step in behind the FDIC and tell acct holders they are only getting 50-cents on every insured dollar they had on deposit on a failed bank, or something like that.
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