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No, actually, it's NOT the end of the world. Economy's bad, jobs will be lost, and in fact a good portion of the economy may go bankrtupt. But the sun will still come out tomorrow. Doesn't mean people should go out and buy stocks, but plenty of people who don't rely on credit, don't hold...

So be it. I went long. Now only 33% cash. Already showing a profit, and in fact this is now an up day for me. I may not hold this for long, but we'll see.

Just take a deep breath. It's pretty nerve-racking, yes. My heart is pumping even though I have 66% in cash. Without shorts, my losses are pretty substantial even with only a 33% position. Pulling everything out when the market is already down 6% isn't the best plan. Even if we go lower...

I'm also leaning towards Panda... but I still still don't trust my gold positions. Still got them, holding them because frankly I don't have any brighter ideas besides cash... But it's just way too easy for gold to be manipulated for it to be considered the "ultimate safe haven". I...

<a href="http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSSHA10179120081005">China to launch stocks margin trade, short sales</a> Say what you will, and I don't always agree with Panda's ideas, but I find this development very bullish for Chinese equities...

It's the most popular massively mutiplayer online role playing game, which happens to be produced by a local business (Blizzard Entertainment). It tends to be very popular as whole families will often play together all the time as the game connects millions of players together worldwide...

<a href="http://calculatedrisk.blogspot.com/2008/09/national-debt-to-exceed-10-trillion.html">National Debt to Exceed $10 Trillion Tomorrow </a> Congratulations to all.

Even just a year ago, I remember coming to the IHB - it felt like such a geeky thing back then, to hear Irvine Renter's detailed explanations about how the housing bubble would come undone. I remember the fascination of studying how this delicate, interwomen machine that is the mortgage system...

The LIBOR climbed to 6.88 percent today. <a href="http://www.bloomberg.com/apps/news?pid=20601103&sid=a_l2xXVi_XHg&refer=us">Libor Rises Most on Record After U.S. Congress Rejects Bailout </a> If this doesn't come back down soon, it's guaranteed foreclosures for pretty much 100% of...

I think the FED is worried most, or all banks will ultimately be proven insolvent through this. Simultaneous collapse of several banks is likely to bring other banks along, and so forth. Bernanke studied the depression. Apparently the great depression happened partly because the government...