New "No on Prop S" Music Video: "Please Stop Deceiving" by Zuma Dogg
Alright...it took a couple extra takes -- so ZD's "Steve Perry-like Excellent Falsetto" was fading fast, but here it is y'all:
(Casey Kasem voice) Here's Zuma Dogg, and the new "Vote No on Prop S" smash single, "Please Stop Deceiving" -- sung to the tune of Journey's "Don't Stop Believing". And remember to Vote no on Proposition S (for "Shady"). I'm Casey Kasem.
ZumaTimes.com
(Casey Kasem voice) Here's Zuma Dogg, and the new "Vote No on Prop S" smash single, "Please Stop Deceiving" -- sung to the tune of Journey's "Don't Stop Believing". And remember to Vote no on Proposition S (for "Shady"). I'm Casey Kasem.
ZumaTimes.com
Posted by Zuma Dogg @ 1/20/2008 03:37:00 PM
44 Comments:
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Politicans are born to deceive, many times a yes vote means no and a no vote means yes.
love it, love it, love it. You may want to gargle with some salt water or sip some tea and honey after that fine performance.
Deborah Acosta, Jim Morris, Irma Good, LAUSD...ZD's phone rang on Sunday, you mutherfu*kers, to complain about safety issues at LAUSD.
Ms. Acosta, I hope you don't end up in legal trouble over all of this.
All the usual LAUSD suspects will be getting phone calls from Zuma Dogg on Tuesday. Y'ALL HAVE SOME QUESTIONS TO ANSWER!!!
THIS IS MUCH, MUCH BIGGER THAN MOST PEOPLE REALIZE. There is a lot to hide. A LOT to hide.
I'm stunned and shocked at what I just heard. The people mentioned above better return some phone calls to some parents ASAP!
YA FEEL ME, DOUGH! LAUSD...y'all done f*cked up this time. THEY GOT YO AZZ! You heard it here first.
(see also: LAUSD Federal violations.]
Deborah Acosta, Jim Morris, Irma Good, LAUSD...
Don't get it twisted...you better fix that sh*t, NOW, before the big lead paint shoe falls.
You hear me? Fix that sh*t NOW! Time is running out...Don't wait until it's too late. Personally, I would like to see you continue to try and delay things, so you are all yanked out of your positions.
But as a public advocate, I just want you to fix it ASAP, without further bullsh*t since children's safety is at risk.
GO AHEAD Ms. Acosta and keep being combative...watch where you end up!
Zuma,
Is this something you are just learning. Talk to any new kid who shows up at Belmont High School and he wil tell you stories to shock the hell out of you.
The first thing a new kid at Belmont High is asked is what gang he is from. I have known many immigrant familes who have quickly moved out of Los Angeles to protect their kids from gangs and drugs in schools.
Their is a preadator mentality in the High Schools where a new kid has to join a gang or live in fear in panic. With so many immigrants who don't speak english and are scared as hell, what kind of grades do you expect.
The gang and drug problems are rampant in the L.A. ghetto schools. We need more cops and parents who spend more time in the schools and see for themselves.
You can see large groups of students just hanging around outside of class looking for trouble.
so I saw a pro prop S advertisement where the fire chief claims they won't be able to respond to emergencies if we do not vote yes. Does that mean all the firemen will be fired?
Maybe the chief could become a chef and write a book on 101 ways to serve dog food.
haha, look at the dog food damage already......
unfortunately, and as we've said on this blog, the City of Los Angeles needs this Measure S phone tax to pass for two reasons:
1. they already collected some and spent the money
2. they don't have the money to give back or pay for all the commitments they already made.
and when the Mayor of Los Angeles wants something, what does he do? :
please feel free to fill in the blank
Okay, so I am a definite NO on S. Now, could someone explain 93? The ad I saw with the paramedic says a "yes" vote lowers their years in office from 14 to 12 years.
I think two terms is plenty. Which way ensures that?
Oh, and ZD, I love the song, good word usage. I still want you to sing Whitney Houston all the way through now that you have exercised your vocal cords some more.
If you guys keep this up, the fool will believe you actually mean it.
Life is difficult enough without having to listen to this fool singing offkey stupidity at Council and Board meetings.
A few more songs like this and the Council will shut down public comment entirely and use some other means for people to express their thoughts.
Thanks ZD for bringing your ship of fools to us and ruining things for everyone else.
P.S. Better be careful; lawsuits work both ways and your van could be forfeit if you get sued and lose.
Zuma Dogg where were you this morning? We expected to see you having a bowl of menudo with santiago and his family of mexican mafia (emeros) members.
Maybe next week, you will join us for a bowl of menudo and Dos XX cerveza.
Santiago, you must have no olefactory senses to want to spend time with ZD eating menudo and drinking beer.
As if the initial jolt of odor wouldn't be enough, consider the effect of the combo of menudo and cerveza after a short time.
Phew, I hope you guys do it somewhere north of Malibu and near some heavy breezes.
Having him in City Hall after one of those sessions is enough to keep you nauseated all day long.
2:10,
You just proved how out of touch you are. You must be really out of the loop. You just proved it. But because you are so out of the loop, you cannot figure out what you said that gave it away. And it would be a lot of fun to see Council shut down public comment. If they could of, they would of. You have just proved you are a nobody. Thank you.
EMERGENCY INVESTOR ALERT!!!
EMERGENCY INVESTOR ALERT!!!
SELL ALL STOCKS AND MUTUAL FUNDS AS QUICKLY AND AS EARLY AS POSSIBLE ON TUESDAY. (Dump it in pre-market hours if possible.)
Laugh all you want now, you won't be laughing if you own stocks, though.
If anyone would like me to explain why, call me, or send an email with your phone number and I will be glad to explain why. But if you are not an ostrich or an over-optimist you don't need my explanation.
SEEEEEEEEEEEEEEEEEEEEEEEEEEEEL!!!!!
Not bad, not bad at all Z Dogg!
Tomorrow is Stephen Ray Perry's BD (born January 22, 1949. Coincidence? We dont think so (-;
Anyways I wrote to tell you that Robert Lee "Bobby" Hatfield (August 10, 1940 – November 5, 2003) of the much famed, the Righteous Brothers singing duo, is claping from his grave, having designated you as the torch carrier for Blue "Eyed Soul."
Prominent Democrats are upset with the aggressive role that Bill Clinton is playing in the 2008 campaign, a role they believe is inappropriate for a former president and the titular head of the Democratic Party. In recent weeks, Sen. Edward Kennedy and Rep. Rahm Emanuel, both currently neutral in the Democratic contest, have told their old friend heatedly on the phone that he needs to change his tone and stop attacking Sen. Barack Obama, according to two sources familiar with the conversations who asked for anonymity because of their sensitive nature. Clinton, Kennedy and Emanuel all declined to comment.
Zuma,
I loved the video!
I wish that all Parents dealing with LAUSD issues would post them.
I know the school you are speaking about.
The Principal, Teachers Union Rep,
and the Principals District Boss,
all come to the Sunland Neighborhood Council meetings.
I am a Parent of a kid at the School. I am scared to speak up
about it!
Z Dogg, your warning about the stock market sounds really ominous,
What Up Dogg? I know, moneys too tight to mention, but is there something else we should be aware of?
Here's a little something I found in the Huffington Post that seems to suggest we are leaderless in this current economic clusterf"ck,
how about it Dogg?
...................................
Bush Talks, Market Tanks
Posted January 19, 2008 | 04:24 PM (EST)
I usually don't pay that much attention to the stock market, but after seeing a chunk of my retirement go up in flames in the past two months, I've definitely been paying more. I think a lot of us have.
And I heard something interesting, which is that the market rose sharply the morning before Bush spoke on his economic stimulus package, and then dropped sharply after he was done. In the morning, the Dow Jones industrial average was up more than 180 points, or 1.5 percent. After Bush finished, it ended up down .7 percent. If you had $100,000 invested in stocks, you lost $2,500 from the difference.
The NPR commentator said the market dropped because investors weren't impressed with Bush's stimulus package. That's probably true. And probably any response would have been inadequate given the mess that we're in.
But maybe there's also something else going on. Maybe every time Bush opens his mouth these days, and tries to reassure us by doing things like comparing cranking up America's economy to cranking up a lawn-mower, more and more Americans think, "This joker is in charge? He's totally out of touch." And they recognize that we're in deep trouble, which may only get deeper, given how much the policies he's spearheaded have damaged our economy.""
...................................
Hep Me Lawd!
dq
This is an excerpt from the VISION magazine, January issue.
"Shadowy Acronyms: The Dark Side of the Free Trade Agreements".
"Congress passes free trade agreements" "the public is letting them get away with it"
"Part of the problem is lack of awareness. Americans are particularly susceptible to sound bites and with both major political parties voting in favor of free trade expansion, legitimate criticism is overshadowed by political spin. While many recognize the term NAFTA, only a minority can identify it as the North American Free Trade Agreement. Then there’s the World Trade Organization (WTO), the Central America Free Trade Agreement (CAFTA), and about a dozen other bilateral agreements based on similar principles. Their myriad regulations, prohibitions, and complicated inner workings are even more shadowy. The multi-national corporations that benefit from them have a huge incentive to keep American in the dark”.
“We’re experiencing the consequences of Mexico’s farm crisis today in the United States, as millions of Mexicans cross the border seeking jobs that our trade policies eliminated from Mexico. At the same time, American jobs are being outsourced to other countries where there are fewer labor standards and environmental regulation”.
AMERICANS NEED TO OPEN THEIR EYES, STOP ACTING LIKE SHEEP!!!
Sell stocks tomorrow? Looks like it is too late.
http://news.bbc.co.uk/2/hi/business/7199552.stm
City better stick more bucks into those retirement plans.
I don't know about too late bro I got my guy today at home and told him to sell all stocks and mutual funds first thing in the Am "Black Tuesday". I think Z Doggs is down with it and I dig his passion. I'm taking heed even if I lose 5 or 10% now I don't want to go down with the ship. I'll lick my wounds and live to fight another day.
Don Quixote did you talk to Santiago about selling all his stocks and mutual funds?
What are you going to invest your money in now?
I am not sure what to do now, help me out, I admire your knowlege about the financial markets.
Don Quixote,
Did you make it out to the Martin Luther King parade today? I really enjoy going to the MLK parade every year. It's a great local L.A. parade, with black kids from South Central. It fills me with pride to see all the young black faces beeming as our black youth celebrate the life of a great man in our history.
After the parade I always go to Roscoe's House of Chicken & Waffles for dinner. I really enjoy their soul food. I know you prefer menudo, but I just don't like eating tripe (stomach lining). I'll take some good fried chicken and collared-greens any day of the week. You need to try the corn bread, it's the best.
now she's black.
Zuma warned all!
Zuma Dogg said...
EMERGENCY INVESTOR ALERT!!!
EMERGENCY INVESTOR ALERT!!!
SELL ALL STOCKS AND MUTUAL FUNDS AS QUICKLY AND AS EARLY AS POSSIBLE ON TUESDAY. (Dump it in pre-market hours if possible.)
Laugh all you want now, you won't be laughing if you own stocks, though.
If anyone would like me to explain why, call me, or send an email with your phone number and I will be glad to explain why. But if you are not an ostrich or an over-optimist you don't need my explanation.
SEEEEEEEEEEEEEEEEEEEEEEEEEEEEL!!!!!
January 21, 2008 5:25 AM
*************************************************************
DRUDGE IS CALLING IT THE PANIC OF '08
Panic sparks plunge in global markets
By Joanna Chung and Robert Orr in London and Andrew Wood in Hong Kong
Global equities plunged on Monday as investor concerns over the economic outlook and financial market turbulence snowballed into a sweeping sell-off.
Tumbling Asian shares – which continued to fall early on Tuesday – led European stock markets into their biggest one-day fall since 9/11 as the prospect of a US recession and further fall-out from credit market turmoil prompted near panic among investors, who rushed to the safety of government bonds.
I THINK ZUMA DOGG DESERVES AN HONORARY DEGREE FROM WHARTON BUSINESS COLLEGE DON QUIXOTE!!!
I AM IMPRESSED, AND Z DOGG PUT IT OUT THERE, AND ON THE LINE!!!
Here’s a post of interest.
Vote NO on Proposition "S"
Posted by: Gary Aminoff - 01/15/2008
City Hall squanders your money on wasteful programs (e.g., sphincter-control classes for civil servants), gives away millions in "pork" for special interests (e.g., millions in subsidies for downtown developers), and fails to guard against embezzlement (e.g., over $1 million from the housing agency). (For more examples of waste, look at the "Spreadsheet of Shame.")
The special election itself is an example of waste: instead of putting Prop S on the ballot during the general elections in November 2004, 2006 or 2008, City Hall spent $5.1 million to add it to the presidential primary in February 2008.
Further, NOTHING in Prop S requires City Hall to spend the money on hiring more police. Rather, Prop S is a general tax, which means Villaraigosa and the City Council can SQUANDER your money on anything they want. Why trust them with even more money?
http://www.redcounty.com/la/2008/
01/in-typical-political-doublespe/
Stock Markets Plunge Worldwide...
Nikkei fell nearly 5% on opening Tuesday...
12:11 AM
If you think the politicians have been there long enough, vote no on Prop 93!
Asia Markets Tumble on US Worries.
Asian Markets Extend Losses Amid Worries That US Is Headed for Recession.
UN transformation proposed to create 'new world order'
By Andrew Grice in Delhi
21/01/08 "The Independent"
Gordon Brown has begun secret talks with other world leaders on far-reaching reform of the United Nations Security Council as part of a drive to create a "new world order" and "global society".
The Prime Minister is drawing up plans to expand the number of permanent members in a move that will provoke fears that the veto enjoyed by Britain could be diluted eventually. The United States, France, Russia and China also have a veto but the number of members could be doubled to include India, Germany, Japan, Brazil and one or two African nations.
Mr Brown has discussed a shake-up of a structure created in 1945 to reflect the world's new challenges and power bases during his four-day trip to China and India. Last night, British sources revealed "intense discussions" on UN reform were under way and Mr Brown raised it whenever he met another world leader.
The Prime Minister believes the UN is punching below its weight. In 2003, it failed to agree on a fresh resolution giving explicit approval for military action in Iraq. George Bush then acted unilaterally, winning the support of Tony Blair.
UN reform is highly sensitive and Britain will not yet publish formal proposals for fear of uniting opponents against them. Mr Brown is trying to build a consensus for change first.
His aides are adamant that the British veto will not be negotiated away. One option is for the nations who join not to have a veto, at least initially. In a speech in Delhi today, the Prime Minister will say: "I support India's bid for a permanent place – with others – on an expanded UN Security Council." However, he is not backing Pakistan's demand for a seat if India wins one.
Mr Brown will unveil a proposal for the UN to spend £100m a year on setting up a "rapid reaction force" to stop "failed states" sliding back into chaos after a peace deal has been reached. Civilians such as police, administrators, judges and lawyers would work alongside military peace-keepers. "There is limited value in military action to end fighting if law and order does not follow," he will say. "So we must do more to ensure rapid reconstruction on the ground once conflicts are over – and combine traditional humanitarian aid and peace-keeping with stabilisation, recovery and development."
He will call for the World Bank to lead the fight against climate change as well as poverty in the developing world, and argue that the International Monetary Fund should prevent crises like the credit crunch rather than just resolve them.
Arriving in Delhi yesterday, Mr Brown said he wanted a "partnership of equals" between Britain and India as he called for closer trade links and co-operation against terrorism. He announced £825m of aid over the next three years – £500m of which will be spent on health and education.
Mr Brown is to bring back honorary knighthoods and other awards for cricketers from Commonwealth countries. He said: "Cricket is one of the great things that bind the Commonwealth together. It used to be that great cricketers from the Commonwealth would be recognised by the British nation I would like to see some of the great players in the modern era honoured."
Read Andrew Grice atindependent.co.uk/todayinpolitics
Security Council membership
The UN Security Council's membership has remained virtually unchanged since it first met in 1946.
Great Britain, the United States, the then Soviet Union, China and France were designated permanent members of the UN's most powerful body.
Initially, six other countries were elected to serve two-year spells on the council – in 1946 they were Australia, Brazil, Egypt, Mexico, the Netherlands and Poland.
The number of elected members, who are chosen to cover all parts of the globe, was increased to 10 in 1965. They are currently Belgium, Burkina Faso, Costa Rica, Croatia, Indonesia, Italy, Libya, Panama, South Africa and Vietnam.
Decisions made by the council require nine "yes" votes out of 15. Each permanent member has a veto over resolutions.
The issue of UN reform has long been on the agenda. One suggestion is that permanent membership could be expanded to 10 with India, Japan, Germany, Brazil and South Africa taking places. Any reform requires 128 nations, two-thirds, to support it in the assembly.
Stocks Plummet in Germany, Hong Kong, India, Brazil in Rout
By Sarah Thompson
Jan. 21 (Bloomberg) -- Stocks plunged in Germany, Hong Kong, India and Brazil, and U.S. index futures dropped on mounting speculation that the global economy is slowing and company defaults will rise.
Europe's Dow Jones Stoxx 600 Index fell the most since the Sept. 11 terrorist attacks and sank into a bear market, as Allianz SE and BNP Paribas SA slid. Hong Kong's Hang Seng Index had its biggest drop in six years after BNP Paribas said Bank of China Ltd. may write down overseas securities by $4.8 billion because of losses from U.S. subprime mortgages. Citigroup Inc. retreated in Frankfurt.
The MSCI World Index slipped 2.4 percent to 1,402.75 at 2:44 p.m. in London, extending its decline from an Oct. 31 record to 17 percent. India's Sensitive Index lost the most since 2004, while Germany's DAX slid the most since March 2003. Futures on the Standard & Poor's 500 Index sank 3.4 percent. Trading in the U.S. is closed today for Martin Luther King Day.
``It's the worst I've ever seen,'' said Johan Stein, who helps manage the equivalent of about $14 billion at Nordea Asset Management in Stockholm. ``The financial system is in terrible shape, and no one knows where this will end.''
Today's declines follow the worst week for U.S. stocks in five years after President George W. Bush's $150 billion plan to revive the economy and expectations of interest-rate cuts failed to allay recession concerns.
The risk of European companies defaulting soared to a record today on speculation credit-rating cuts at bond insurers including Ambac Financial Group Inc. may trigger forced asset sales. European Central Bank council member Nout Wellink said economic growth in the region may slow more than policy makers had expected.
Market Crisis
``This is a stock-market crisis,'' said Alberto Roldan, head of research at Inverseguros SVB in Madrid. ``Investors believe that neither a government package nor a huge rate cut is going to help evade a recession in the U.S.''
White House spokesman Tony Fratto said in Washington today the government doesn't comment on daily market moves.
``We're confident that the global economy will continue to grow, and that the U.S. economy will return to stronger growth,'' Fratto said in an e-mailed message.
The Stoxx 600 slid 4.1 percent, extending its drop from a 6 1/2-year high on June 1 to 22 percent. A decline of more than 20 percent is the common definition of a bear market. The gauge earlier fell as much as 5.8 percent, which would have been the biggest drop in six years. France's CAC 40 lost 4.9 percent. The U.K.'s FTSE 100 sank 3.6 percent, and Germany's DAX slid 6 percent.
Volatility Climbs
The VDAX-New Index, a benchmark gauge of European stock- market volatility, surged as much as 39 percent, the most since 2001. The measure of expected price swings for stocks is derived from prices paid for options on Germany's DAX.
The MSCI Asia Pacific Index lost 3.7 percent. Australia's S&P/ASX 200 Index slumped for an 11th day. Hong Kong's Hang Seng Index lost 5.5 percent. Japan's Nikkei 225 Stock Average dropped 3.9 percent as the Finance Ministry cut its evaluation of five of 11 regional economies as housing investment fell and employment worsened.
The MSCI Emerging Markets Index, a global benchmark, sank 5.4 percent, extending its retreat from an October record to 19.7 percent.
Brazil's Bovespa index slid 5.2 percent, the most since February 2007. Russia's Micex Index declined 7.5 percent, the biggest drop since June 2006.
Canada's Standard & Poor's/TSX Composite Index fell 4.1 percent.
Allianz, Europe's biggest insurer, tumbled 8.4 percent to 122.01 euros. BNP Paribas, France's second-biggest bank, sank 6.1 percent to 65.15 euros. ING Groep NV, the biggest Dutch investment bank, declined 7.6 percent to 21.66 euros.
`Sharp Contraction'
``The market is finally catching on to the fact that a recession will lead to a sharp contraction in earnings,'' said Jane Coffey, head of equities at Royal London Asset Management, where she helps oversee about $11 billion. ``We need to see more aggressive changes to forecasts before investors become more positive about looking through the downturn.''
Swiss Reinsurance Co. decreased 8.5 percent to 69.9 Swiss francs. UBS AG cut its share-price estimate for the world's largest reinsurer to 80 francs from 88, citing the probability of more investment losses related to credit-market problems.
``We see on-going downside risk to earnings and stock performance until we have better visibility,'' London-based analysts including Ben Cohen wrote in a report to investors.
Bank of China
Bank of China, which has the largest holdings among Asian banks of U.S. subprime mortgages, slid 4.7 percent to HK$3.43. The bank may write down 17.5 billion yuan ($2.4 billion) for the fourth quarter of 2007, and an equal amount for this year, Dorris Chen, a Shanghai-based analyst at BNP Paribas wrote in a note on Jan. 18.
Commonwealth Bank of Australia, the country's second largest, dropped 2.5 percent to A$51.89. National Australia Bank Ltd., the nation's largest, declined 2 percent to A$35.55.
Morgan Stanley raised its 2008 forecast for loan-loss charges at the country's major banks by 26 percent, analyst Richard Wiles wrote in a note today, citing a deteriorating global economy and ``the difficulty faced by some companies in refinancing maturing debt.''
Citigroup, the biggest U.S. bank by assets, dropped 3.6 percent to $23.56 in Frankfurt. JPMorgan Chase & Co., the second- largest U.S. bank by market value, slid 3.2 percent to $38.30 also in Frankfurt trading.
The slump has made stocks cheap by historical standards. Europe's Stoxx 600 is valued at 11.1 times its companies' profits, the lowest since at least 2002, according to data compiled by Bloomberg. The 1,953-member MSCI World has a price- earnings ratio of 14.3, the cheapest since at least 1998.
Rio Tinto
Rio Tinto Group, the world's third-biggest mining company, dropped after BHP Billiton Ltd. failed to make a new offer. Rio, defending a hostile $108 billion takeover bid from rival mining company BHP, fell 6.6 percent to 4,392 pence.
BHP may not make a new offer before the Feb. 6 deadline set by the U.K.'s Takeover Panel, the London-based Times newspaper reported. The BHP board has not met to discuss a new bid, the newspaper said, after its initial three-for-one all share offer in November was rejected.
Samantha Evans, a BHP spokeswoman in Melbourne, declined to comment. Rio spokeswoman Amanda Buckley also declined to comment.
Global economic crisis 'serious': IMF Chief
Investors skeptical of U.S. stimulus package, says IMF's Strauss-Kahn; an American recession would spread globally, he warns.
January 21 2008
PARIS (AP) -- The head of the International Monetary Fund called the global economic situation "serious" and said markets worldwide had responded skeptically to a U.S. stimulus plan.
Dominique Strauss-Kahn stressed that a U.S. recession would affect economies across the globe.
"The situation is ... serious," said Strauss-Kahn following a meeting in Paris with French President Nicolas Sarkozy. "All the countries in the world are suffering from a slowdown in growth in the United States."
He said investors were skeptical that an economic stimulus plan presented last Friday by U.S. President George W. Bush would shore up the economy, which has been battered by problems in its housing and credit markets. The plan, which requires approval by Congress, calls for about $145 billion worth of tax relief to encourage consumer spending.
"It appears that the markets did not appreciate the packet proposed by President Bush," he said, adding that the negative reactions were "perhaps to be expected."
Stocks fell sharply worldwide Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan. U.S. markets were closed Monday, but the downbeat mood from last week's market declines in New York circled through Europe, Asia and Canada. In Hong Kong, the blue-chip Hang Seng suffered its biggest percentage drop since the Sept. 11, 2001, terror attacks.
Strauss-Kahn, a Frenchman who took the reins at the IMF late last year, said he and Sarkozy discussed possible French responses to the situation in the United States.
"When [Sarkozy] says 'there are risks to doing something but there are even more risks in not doing anything,' I think he's right," Strauss-Kahn said. He did not elaborate
1929 all over again?
THINGS BECOME MORE SERIOUS
ZD - Day traders all know what is going down in Asia, but no one knows if it is in reaction to US recent downturns or its own problems.
Bernard Baruch once said "Sell on good news, buy on bad news." (I don't think they taught this in thrid grade finance courses)
The fundamentals are all in place in our markets; there may be a temporary downturn, but everything is coming back stronger within just moonths. Bet on it.
Go back to begging on the beach; it suits your talents better.
How many moonths were you in thrid grade, anonymous?
Apparently not enough.
Coincidence, but I actually skipped the third grade and went from second grade to fourth grade.
I also have a business degree and a law degree, and understand something of economics.
Your Guru, ZD (aka Dave Elliott) has no advanced degrees and was lucky to escape High School. If you take advice from him on your investments, you deserve what you get.
I would say that 128 points is not exactly a good reason to sell EVERYTHING and head for the hills.
But, then again, if you have nothing, you have nothing to lose by taking a wild, slightly uneducated guess, based upon the rantings of a lunatic.
gasbag 9:50 AM
anyone who needs to brag on a blog about how educated and successful they are.....isn't.
6:24 am & 1:58 am,
First of all, although you may be correct that the market may rebound as you predict within just months.
HOWEVER...my prediction is based on a couple things that I hope you factored in:
a) Subprime is MUCH WORSE than accounted for at this point. You know about, "jingle mail". When subprimers end up owing more on their home than it is now worth (when their low-intro rate jumps to market rate). So banks are going to be stuck with all these homes that they cannot sell, that are also decreasing in value.
b) Bond insurance market: You heard that they are in trouble, and that the banks are writing off bigger losses than anyone imagined.
The credit derivative market starts coming due in February. And although "derivatives" are a little to confusing to explain here -- I'm sure you know about it.
When all the investors who never coulda though we'd be in the 11,000s -- well their gonna have to cover -- and it's gonna be a blood bath.
Then the banks will tank even more than expected.
* The only thing that has changed in my prediction is that today, there is chatter that the government may step in to bail out the bond insurers. So although they are not going to be able to prevent the inevitable -- it should delay the inevitable by a few months. (Possibly). But the bail out may not be here before the derivatives come due.
Which leads me to the next point:
Yeah, I made a prediction to sell today -- BEFORE THE FED CUT!!! I turned my back for two seconds to post the alert, then he cut...and the last thing I thought to do was post an update here, right away...because it was time to by some heavy metal, y'all!!!
So of course when you read something, and the Fed makes an announcement like that, everything changes. HOWEVER...the market WAS still down 400 at some point, and we're below 12,000!!! (Yikes!)
However...I STILL SAY, SOME FOLKS GOT LUCKY AND GOT THEIR GOLDEN OPPORTUNITY FOR A SECOND CHANCE TO SELL. Bro, you make it sound like the stock market closed for the last time ever, today.
Overall, with the Fed's emergency cut -- AND NOW...talk of a bond insurer bailout (the bond thing was the MAIN thing in the back of my mind that keeps me ultra-bearish),
you may want to take your chances.
Clint Eastwood has a question, "Feel lucky, PUNK?" (No disrespect meant.)
I'm saying I don't think the government will be able to keep it propped up in the long run...and we're gonna end up seeing those down 400 days that STICK!
AND...here's something that could be scary in the short run:
The Fed cut early, and people are expecting another .5% next meeting in two weeks. But we also know the Feds are a bunch of textbook, ivory tower douchebags. WHAT IF THIS WAS MERELY THE CUT THEY WERE GOING TO DO AT THE NEXT MEETING --- NOW, because if ZD predicted doomsday...I'm sure they saw it coming to. So we may not see a cut at the next meeting. Because, on the realest...although ZD like rate cuts from a Wall Street mindset...
inflation is off the shizzle, my nizzle. So I'm sure you understand further rate cuts would drive the dollar down, the oil sheiks will get pissed that they are holding cheap ass U.S. dollars and gas will rise and inflation will rise (at the pump and in most products).
SUMMARY: Yeah, the Fed made an emergency cut after my blog post -- and many people may think the coast is now clear. ZD says, "HELL NAW!"
(And my opinion will change based on these actions. OF COURSE THEY WOULD...a pilot has to change the course based on a change in weather condition.) BUT I'M NOT HEDGING, YET.
aka: Dead cat bounce.
Your predictions are worth the price you charge for them. I know a guy who sells poems on San Vicente. At least they are original.
The Fed cut .75 not .5; you missed the second emergency cut, Guru.
Like I said, go back to begging on the beach; you were pretty good at that. The four people that still take time to read your nonsense can vouch for that.
hey bitter dumb ass...can you read:
"The Fed cut early, and people are expecting another .5% next meeting in two weeks."
Try again.
Meanwhile, I know who you are. You are the one who will always point out how wrong I am, without offering the counter point as to why you are right.
Oh yeah, the coward. That should be the new anonymous blogger name everyone will start calling you around here. Because you reveal yourself every time as such.
You are the one who is too hostile and nutty for their own good -- and suffer from low reading comprehension, small person's complex and can't stand that my team of strategy consultants are so accurate, some people are wondering what the secret is and if ZD has inside trading connections?
YOU'LL NEVER BE ABLE TO FIGURE THIS STUFF OUT IN ADVANCE. Because you can't be overly emotional, hostile and jealous -- cause it messes up the mojo.
SO SMART PERSON...Why don't you tell us where I am wrong (besides just saying I am wrong) -- then tell us what you expect to happen.
(Why don't you hang em out on a limb , time stamped by blogger, for all to see? I've been making outrageous claims, so I am told, for about four months now. At some point, I wanted to start putting it down with a time stamp, for my personal friends and family members to be able to access...instead of having me spend hours saying the same thing to ten different people. These people BLASTED me for the things I said...but my cell phone started ringing this morning promptly at 8am today! When it rains, it pours...and a lot of these people have finally caved and admitted I was SO F-ING right and they wish they listened. MOST triumphant victoriousness.)
I KNOW, I KNOW...you make so much money all the time to do what you do, and you're not going to waste your time explaining it to a bunch of idiots. So instead, you'll just waste your time saying how wrong I am, without adding anything -- plus you didn't read my post properly anyway...who knows what else you misread? No wonder you are always walking around in the world so hostile, bitter and frustrated.
Hey, I'm watching VH1 Classic. They're playing a song for you, Beck "Loser".
I told you yesterday that the stocks would rebound; what are you telling all the dummies that followed your instructions to dump everything at the opening yesterday?
Stocks ended up substantially higher today, up almost 300 points.
Clearly, you know nothing and people who lost money should be suing your sorry ass for guessing wrong AGAIN.
On the other hand, what do they get for suing a four star loser like you? A copy of your auto loan, or some food stamps?
Like I said, loser, go back to begging on the beach; you were pretty good at that.
Made It Past 3rd Grade,
I'm not so sure you did. You continue to refuse to read entire posts. Go back and read the blog.
If you sold when I alerted everyone, let's say you owned Apple: It was a sell at $160-$170 over the past five days, and you would have avoided the drop to $138 close.
AND, since ZD monitors all global economic indicators around the clock, so you don't have to...
you clearly got the "short term coast is clear to start buying some very selective stocks at bargain prices" -- the second Bush Smoosh announced his smoke and mirror bond bail-out package, then is giving people a short term false sense of hope.
So it's a good time for traders...but the long term, "buy and hold" investors need to really, really be aware of the beginning of February. I'm not sure this Bush-bond-bailout is going to do the trick. It's going to be the absolute worst, worst, worst, worst, worst, worst, worst February through August for the stock market in human history.
But remeber, it never gets THAT bad!
Meanwhile, you are so smart you will be fine. I don't know why you even bother to read my stuff.
Here's the main point I am trying to get across to readers. In this turbulent, down-looking economy...
I'm not here to try and make people a lot of money...I'm trying to prevent people from losing their shirts and underwear like so many already have since Jan. 2, '08.
And I'm here to say, what we have experienced so far this year is the little wave, that signals the big one is coming. Grab your surf board, Big Kahuna. (On the realiest, of realest, dough!)
This City of Los Angeles employee and one of the few employee residents says vote no on prop S on 2.5.08 - maybe if the city has to cut back the increased spending, the politicians and city managers will require city employees get to work on time, and that would include the Palmdale, Inland Empire and Ventura and Orange County crowd that say they would never want to live in this city....that gives them their livelihood.
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