They used the starting lineup of the Cowboys as voters

Obama should tell these azzholes to stop (and yes, they are his people), he's already got the election won, no reason to taint it.

http://news.yahoo.com/s/ap/20081007/ap_on_...ter_fraud_probe

You just had to ruin a great post with this, didn't you?

But it's true. The only chance that McCain has is for the racist Dem voters to reconsider their vote once the curtain is closed.

Heh.

Annointing a race as over annoys me. We've seen how fast this economic crisis happened; it could very easily slip back in favor of McCain if a homeland security issue hit. TERRORISTS RAWRAWR!!~!!~~!~!

A homeland security issue (a major one) may be the one thing that would make me consider going to cash at this point.

Good luck getting the trades done, if it happens.


I can't believe you're not all in silver yet.

Pfffft. Silver is for amateurs. I've gone into iridium.

^^^Smug bastards for people who got punked by conspiracy theorists.

Talk to us in 5 years and see who the smug ones are.

Ahh 5 years now is it? Let's hope none of your clients were approaching retirement age. Surely that didn't happen though.

A vast majority of my clients are approaching retirement or are already in retirement. This latest meltdown has not affected them much at all. I've called them all and they're all very happy to have met me. Thanks for your concern for my client base.

OMG you are that good? Damn, everyone else (except a few) loses money but you are the master at the market. Can't provide facts, figures, name of the company, but all your clients didn't lose say 20% or so?

Not my retired clients or ones with five years or less to retirement. Most of them are down maybe 5% YTD and some of them are up a couple a little bit.

The difference between a Jim Cramer and a good financial advisor is that a good advisor doesn't need a market meltdown to tell his clients to be out of the equity market if they're within 5 years of retirement.

You are right. This race isn't over at all. If the stock market rebounds and Iran invades dumbfukistan or something it can change pretty quickly.

Why would Iran invade Da Big Man's house?

I don't buy this curtain closed picture that the NPR-types are painting. If you're a racist, closet or open, you can figure out ways to dislike Obama and vote McCain without saying he's black. You think someone is going to lie to a pollster and say they are voting for Obama and then a voting curtain sill somehow free them to be racist?

This is some liberal hype.

It's been said but bears repeating since you're obviously dense. If someone is within 5 years of retirement and just lost 20% of their savings, they had the worst financial advisor on the planet.

If I'm within 5 years of retirement, I expect to have no more than 10% of my money in equities unless I'm really gambling, and if I'm gambling, I am an ass.

I see it exactly the opposite of liberal hype. As Obama has taken a commanding lead in the polls, the only way McCain wins (barring a cataclysmic event) is for about 4-5% to switch their votes. The Reps and open racists (not the same people) are already saying that they wouldn't be voting for Obama. So, what would be the logical conclusion that people switched preferences in the voting booth? Plus, it wouldn't be the right that would be switching votes.

I agree.

If I was a betting man, I'd put my money on Obama to win.

But, I still think that there are a lot of people out there in states that have already been declared Blue, that won't be voting for the democrat that they've always voted for. Will that be enough to turn those states? Maybe, maybe not. We'll have to see.

On Fox this morning they showed 10 registrations of the same person in Nevada that ACORN signed up.

Any chance you might be honest enough to realize over 95% of all blacks are voting Obama not because of one issue he promotes but because he's black and has a "D" next to his name which represents freebies for millions on welfare with the same skin color?

Carefull how you answer, Obama nation - it would be racist to suggest that they are almost unanimously supporting him at a far higher rate than the country as a whole is because, say, they want to soak those making over 250k. You would be described as saying that all blacks are poor. And lazy. Shame on you.

(I'm auditioning to join Obama's quick response media team.)

In Lake County, OH, half the registrations ACORN submitted were fake. Obama's first job out of law school was working for them.

And this has what to do with my point?

Your example may have relevance if a good percentage of the black vote switches for McCain in the voting booth. But since 95% of blacks support Obama for whatever reason they choose and those numbers are already reflected in the polls, there's generally not a concern that they will switch their votes once it comes to decision time.

Are these the same financial planners who ran Wall Street so effectively?

I get your point and have much respect for Jim, but you guys have been calling this situation a small blip on the radar screen for quite some time. Can we put some sunlight on this and admit that this is a fuggin catastrophe the likes of which we've never seen in our lifetimes? Smart guys like Warren Buffet already admit it.

And I am someone who subscribes to the strategy of systematic investment and continue to fully fund my IRA and 401k. But the numbers do not lie. There is going to be a day of reckoning and that day just might be upon us.

I don't think I've ever said that this is a blip. What I said that it's very dangerous for people to take active negative bets on the financials, because in the end everyone loses. The banking and financial system is only healthy when credibility and trust are upheld. Once that evaporates, then it's worthless. There are no winners in a Pyrrhic War.

Obviously it's bad. Every downturn and economic crisis feels new and awful and like the end of the world when it's happening. Only history tells us that it wasn't truly the end of the world.

Right now a lot of capital is stuffed in safe places with low rates of return. It won't likely stay there forever. If it does, your silver isn't going to worth much unless you're smelting it into bullets.

This kills me though, because basically you're saying the banking and financial system is all smoke and mirrors and as long as no one questions anything (pay no attention to the man behind the curtain!) then everything is hunkey dorey. God forbid anyone speak up and say the emperor has no clothes.

I'm I niave to think a strong banking and financial system is tied to something real, something with value? I'm not saying go back to the gold standard, though some arguments to do just that might have merit, I dunno, but is it wrong to believe that some serious mistakes have been made with the way the banking and financial systems have been run and it's time to rethink things?

And I disagree that there are no winners in a Pyrrhic War, in this case anyway. There may be no winners in this current generation, but future generations may benefit from the sacrifice. I want this situation used as a way to fix things so it's stronger down the road for my children and their children. Propping things up with false credibility and trust isn't going to do them any good.

As I like to tell my gold-bug friends - if the economic collapse they fear/long for ever truely comes to pass, the state will go down with it. I'm pretty sure that means I can just take those shiny gold bars at gun point.

Any chance you'd be honest enough to admit that fat stupid white guys are voting for McCain because Obama's black?

!@#$.

Watch It's a Wonderful Life again for a basic explanation of banking. It is based on trust, because your deposits are lent out to someone else, and the system survives as long as you trust your bank to hold your deposit. Once you and a few neighbors lose that trust and demand your money back trouble starts, because no bank will have enough money in the vault to satisfy all the depositors. That, in a nutshell is what's happening right now. People want their money back, and there isn't enough to go around because it's tied up in something else.

It has nothing to do with a gold standard or monetary standard. No bank keeps all the deposits in the vault.

I've got that covered too. Who's got the guns...and maybe more importantly-the ammo? From my cold, dead hands!

For the record many are saying it's not a bad bet to have 5-10% of your portfolio in metals in times like this. I invested $9500 which before this meltdown equated to ~3% of my wifes and my investment portfolio. So lets set the record straight as I've mentioned repeatedly here. I bought silver as a hedge. Once the deflationary spiral reverses and we start to feel the effects of inflation there is a good chance this will pay off.

I take no pleasure in seeing whats happening but also realize that this COULD turn into a catastrophic event along the lines of what DD has predicted. If you deny that this could happen than you are either fooling yourself or a fool.

Trust yes, but don't forget confidence too. The clear signal being sent is that people do not trust their government to right the ship.

Given the actions of the AIG representatives...I'm not surprised no-one has any confidence. Those people need to be tarred, feathered and ridden right down Main Street on a rail.

Which will certainly happen and give McCain a small boost; just not enough if Obama is able to keep his lead > 5%.

Nice post. Wow, I agree with you for the second time in what, a week?

Has anyone here read Jim Webb's book "A Time to Fight?" This guy is one Democrat who gets it! I wish he would've run as the Messiah's running mate, but I think he has too much integrity.

But did they show how all of them were thrown out by the folks who run the board of elections before they made the registration rolls? Bet not, since that wouldn't make a good a 'news' story.

kitty. Guess how easy it is to carry your fortune when it's in tritium...

I must be. I got a call from a client who just got is third quarter statement and needed clarification. After I explained his statement he called me a !@#$ing genius.

My guy is a genius, too. I spoke briefly with him yesterday to see how he was doing and if his clients were driving him crazy. He said he was getting ready to go surfing. I asked him how he could do that. His answer "You weren't the only one I took care of back in December."

I was hacking on Chef and said so at least once when someone else got involved. I can't help it, I just like arguing with him, even though I like him.

I freely admit I know next to nothing about the financial sector. I have admitted this on numerous occasions.

!@#$ you!

I was hoping you wouldn't read that...


Seriously, it is probably because of the mutual restaurant back grounds where we moved on and made something of ourselves after that. You more so than me...but I am pretty sure I am still younger so lots of time to make up ground...

!@#$ you again.

You'd be amazed at the number of seniors that have financial "advisors" that have them in 100% variable products.

I just blogged about that scene the other day.

http://www.stadiumwall.com/index.php?act=P...mp;qpid=1163168

Damn that Mr. Potter.

What's wrong with 100% variable product for a senior?

Hey... That's my gambit should Obama lose!

For one thing, if a senior's risk tolerance is at a 1 on a 10 point scale, it's COMPLETELY unsuitable to put more than 20% in anything that can lose principal.

I'm starting to wonder when the Obama "guilt by association" smears will start coming out because he's American....