Bloomberg Radio
July 15, 2008 12:08pm by Barry Ritholtz
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Quote of the Day: Bailouts
Barry:
See if you can get us a link (or post) on it ASAP.
TRADING STOCKS: The Dow Jones hit a post-WWII high in 1972 of 1052 then traded sideways for 10 years until Reaganomics, powered by an army of freshly minted MBA’s lead the ‘Baby Boomers’ market to spectacular new highs…And veteran market watchers may recall a weird guy [lived in Florida, yet wore trench coats] named Joe Granville who gained national fame in the 1970’s as a market timer because he regularily would advise readers of his investment newsletter to buy stocks at around Dow 700…and sell at around 1000.
And now a President Obama [as a modern day FDR] could sign legislation funding much needed infrastructure projects, but it may be for a new generation with new energy to power stocks to new highs. So until then we again may be in a mult-year consolidation phase. For example corporations can no longer easily borrow billions to buy-back their their own stock, thus driving prices higher…Today the markets are in a panic about financial stocks. But having packaged and sold-off many of their riskier loans, couldn’t high quallity bank stocks that pay extraordinarily high dividends easily double over the next 12 to 18 months?
Paulson doesn’t want to admit that there’s a bailout… then WTF is it? why does anything need to be done. What a liar.
Please Barry now that you are there, tell them to please fix they audio for Macs!!
Been watching the hearings on CNBC…. Lotta jawboning going on here…..
Eco
those hearings are akin to the TSA….
The perception of safety…
Ciao
MS
There is no credibility in Washington. Perhaps if they recognized this in themselves, it might be a first step…but this is not the Bush administration ideology.
Maybe there will be a color-coded recession alert meter? Aren’t we still on yellow terror alert? _That_ builds confidence fer shurr..
BTW, /agree on Bloomberg r-tardation with Macs.. Why not just go to Flash like every other useful site on the innernets?
Any repeat available? I searched Barry’s name, but the latest I found was an April broadcast.
BTW, have any of you Mac guys tried Firefox? I like it better than either Safari or IE. Depending on what the AV problem is on Macs, you might get it to work. Does generally take a little tinkering though.
>> TRADING STOCKS: The Dow Jones hit a post-WWII high in 1972 of 1052 then traded sideways for 10 years until Reaganomics, powered by an army of freshly minted MBA’s lead the ‘Baby Boomers’ market to spectacular new highs
Would you please credit me for the boom instead of Reagan? I did as much as Reagan to kill inflation, to make a debt-fueled expansion possible again.
If we’re not going to credit Volcker, then people might as well credit me for it.
I need a legacy. I’d settle for that.
Unfortunately it’s a matter of plugins.. I’ve tried perian, VLC and flip4mac, but none of them seem to be able to handle whatever dopey MS formats Bloomberg uses :(
(And I use Camino, which is based on Firefox code..)