Thursday, September 18, 2008

Bloomberg.com:

Bloomberg.com: U.S.

Morgan Stanley Said to Mull Deal; Wachovia Calls Mack (Update3)
By Christine Harper and Jonathan Keehner

Sept. 17 (Bloomberg) -- Morgan Stanley is weighing a merger with Wachovia Corp. and several other banks as the securities firm seeks to regain investor confidence after its shares sank 42 percent this week, people familiar with the matter said.

Morgan Stanley, merger... hmm what would this mean?

Let us take a quick look back at this week. Lehman Brothers bankrupt, AIG bailed out by the tax payers (so fat cats don't lose all their money), and Morgan Stanley and Goldman Sachs take a dive on the markets. This is in addition to Merrill Lynch sold to Bank of America, the loss of Bear Sterns, the near crash of Freddie Mac and Fannie Mae, so what is going on?

If you watch the media heads, this is beginning of the domino effect, globally. Yes Global! Not just the financial stocks either, have you taken a look at Google stock, ouch. The TV continues to pour out soft fluffy bullshit that is designed to coax frightened investors back to the market. Yes there are investors just waiting to get back into the market. Sharks are circling the markets waiting for the real opportunity. So should you be getting ready to take a more aggressive position on the market. All I can say is good luck with that. If you are in the market now, hang on because it is not going to get better for a long time now. It is going to get worse.

How much worse? Let me tell you brother, no one can remember how bad it will get. There is no one alive today that can remember how bad it will be. This is the beginning of the worse economic global event. Keep listening to the media, keep believing you can come out of this with your property and job in tack and keep believing that it is going to all be alright, you'll do fine, really. That is until you do lose your home, your job, and your investments, your retirement, your future, your savings, and everything you worked your entire life for. Now how much do you think that college degree is worth. When your food bill goes from $200.00 a week to over $200.00 a day, and you have to pay over $10.00 a gallon for fuel, what will you care about the markets or for that matter health care. Are you ready for it. Are you ready to realize that unless you are prepared, you will need to be prepared to accept the government as your landlord and protector.

Keep laughing, I am laughing too, but I think we are laughing for different reasons. You are laughing at me, and I am laughing because I know what to do when the global economy crashes, and you think you can find the answer at Walmart or through some other consumer spending scheme, like buying a bigger house than you can afford, just because the bank said sure we'll give you the money, even though we know that you will not be able to afford it.

Stay tuned, more is coming as I try to show you how to get your ass out of the fire, hopefully before you get your tail feathers burned.

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