Bloomberg mentioned how that the Fed demanded banks keep "stress test" results classified. Obviously they indirectly admit to having something to hide. Could they possibly want to hide "good" results?
"Hey you guys're doing great, just fantastic, now don't tell anyone..."
Yeah, I think not. Remeber however that not all is lost, as an individual asset holder you still have options.
Finally squeezed out a draft, feel free to contact me for feedback.
SVR FinancialForecasting RChen 1.3.3
Fallibility defines humanity, it explains why nothing ever goes according to plan, and why we must strategically allow room for error pursuing happiness, success, and all that jazz. “Anything that could go wrong, will go wrong…” Murphy’s Law never explained why, well I just did.
Disappointments come very quickly when you expect everything to stay peachy, all the time. Somewhere, some time down the road, “hey, that’s not supposed to happen…” and before you know it, “damn it all to heck!”
I find it misleading for anyone to preach flawless execution (condemning my past self as well). Why do we preach impossibilities as something viable? Playing the “the perfect game” could happen often, not always and forever.
A complete plan allows for mistakes. Imperfection does not mean failure, it simply makes it more challenging, hence fun. (I still make fat-finger, costly mistakes trading financial instruments.) Yet, profitability could remain for as long as you EXPECT them to occur as a business expense, just another day at the office. Of course this concept expands to more than just business. Bottom line, don’t beat yourself up for it.
Sun Tzu mentioned in The Art of War that to win battles, one must know not only the enemy, but themselves, too. Giving in to unproductive, subconscious behavioral tendencies affect us all; e.g. my love for placing beverages nearby has cost me several keyboards. Having read briefly into NLP, self-hypnosis has gotten me some positive experience.
It helps to visualize oneself behaving in desirable manners while in a relaxed state. Yeah it may feel odd initially, it has worked well for me, and perhaps for you too.
"We will not have any more crashes in our time."
- John Maynard Keynes in 1927
"I cannot help but raise a dissenting voice to statements that we are living in a fool's paradise, and that prosperity in this country must necessarily diminish and recede in the near future."
- E. H. H. Simmons, President,
"There will be no interruption of our permanent prosperity."
- Myron E. Forbes, President, Pierce Arrow Motor Car Co., January 12, 1928
"No Congress of the
- Calvin Coolidge December 4, 1928
"There may be a recession in stock prices, but not anything in the nature of a crash."
- Irving Fisher, leading U.S. Economist , New York Times, Sept. 5, 1929
"Stock prices have reached what looks like a permanently high plateau. I do not feel there will be soon if ever a 50 or 60 point break from present levels, such as (bears) have predicted. I expect to see the stock market a good deal higher within a few months."
- Irving Fisher, Ph.D. in economics, Oct. 17, 1929
"This crash is not going to have much effect on business."
- Arthur Reynolds, Chairman of Continental Illinois Bank of
"There will be no repetition of the break of yesterday... I have no fear of another comparable decline."
- Arthur W. Loasby (President of the Equitable Trust Company), quoted in NYT, Friday,
October 25, 1929
"We feel that fundamentally Wall Street is sound, and that for people who can afford to pay for them outright, good stocks are cheap at these prices."
- Goodbody and Company market-letter quoted in The New York Times, Friday, October 25, 1929
"This is the time to buy stocks. This is the time to recall the words of the late J. P. Morgan... that any man who is bearish on
- R. W. McNeel, market analyst, as quoted in the New York Herald Tribune, October 30, 1929
"Buying of sound, seasoned issues now will not be regretted"
- E. A. Pearce market letter quoted in the New York Herald Tribune, October 30, 1929
"Some pretty intelligent people are now buying stocks... Unless we are to have a panic -- which no one seriously believes, stocks have hit bottom."
- R. W. McNeal, financial analyst in October 1929
"The decline is in paper values, not in tangible goods and services...
- Stuart Chase (American economist and author), NY Herald Tribune, November 1, 1929
"Hysteria has now disappeared from Wall Street."
- The Times of
"The Wall Street crash doesn't mean that there will be any general or serious business depression... For six years American business has been diverting a substantial part of its attention, its energies and its resources on the speculative game... Now that irrelevant, alien and hazardous adventure is over. Business has come home again, back to its job, providentially unscathed, sound in wind and limb, financially stronger than ever before."
- Business Week, November 2, 1929
"...despite its severity, we believe that the slump in stock prices will prove an intermediate movement and not the precursor of a business depression such as would entail prolonged further liquidation..."
- Harvard Economic Society (HES), November 2, 1929
"... a serious depression seems improbable; [we expect] recovery of business next spring, with further improvement in the fall."
- HES, November 10, 1929
"The end of the decline of the Stock Market will probably not be long, only a few more days at most." - Irving Fisher, Professor of Economics at
"In most of the cities and towns of this country, this Wall Street panic will have no effect."
- Paul Block (President of the Block newspaper chain), editorial, November 15, 1929
"Financial storm definitely passed."
- Bernard Baruch, cablegram to Winston Churchill, November 15, 1929
"I see nothing in the present situation that is either menacing or warrants pessimism... I have every confidence that there will be a revival of activity in the spring, and that during this coming year the country will make steady progress."
- Andrew W. Mellon,
"I am convinced that through these measures we have reestablished confidence."
- Herbert Hoover, December 1929
"[1930 will be] a splendid employment year."
-
"For the immediate future, at least, the outlook (stocks) is bright."
- Irving Fisher, Ph.D. in Economics, in early 1930
"...there are indications that the severest phase of the recession is over..."
- Harvard Economic Society (HES) Jan 18, 1930
"There is nothing in the situation to be disturbed about."
- Secretary of the Treasury Andrew Mellon, Feb 1930
"The spring of 1930 marks the end of a period of grave concern...American business is steadily coming back to a normal level of prosperity."
- Julius Barnes, head of
"... the outlook continues favorable..."
- HES Mar 29, 1930
"... the outlook is favorable..."
- HES Apr 19, 1930
"While the crash only took place six months ago, I am convinced we have now passed through the worst -- and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us."
- Herbert Hoover, President of the
"...by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..."
- HES May 17, 1930
"Gentleman, you have come sixty days too late. The depression is over."
- Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930
"... irregular and conflicting movements of business should soon give way to a sustained recovery..."
- HES June 28, 1930
"... the present depression has about spent its force..."
- HES, Aug 30, 1930
"We are now near the end of the declining phase of the depression."
- HES Nov 15, 1930
"Stabilization at [present] levels is clearly possible."
- HES Oct 31, 1931
"All safe deposit boxes in banks or financial institutions have been sealed... and may only be opened in the presence of an agent of the I.R.S."
- President F.D. Roosevelt, 1933
Compiled by Colin J. Seymour
Apparently GoldmanSachs666.com has touched a nerve of the giant investment bank. GS has hired a law firm trying to shut the blog down. So one has to wonder, what has the website revealed that GS fears so much?
Scandals, manipulation, and probably some other things, too. Isn't the free market freaking faantastic?
The NY Times article "What if it's all a big fat lie?" explores consequences mainstream dieting fads that the average folks adhere to. Going from Atkins to the doctors who preach "high carb less fat...", Americans have ended up fatter and sicker either way. What the hell is up with this?
(Noticed it at the Ross Enamait forum. I frequent there for info relevant to strength training.)
Despite the above, interesting information exists as well for those seeking "truth", or simply something outside "the matrix". Dr. T. Campbell, author of "The China Study, The Most Comprehensive Study of Nutrition Ever Conducted", makes some good cases between diet and health. Not that one should take his words for granted, but rather theories worth digging into, leading to perhaps personal conclusions.
Here's a talk with Dr. Campbell
Dr. Lorraine Day also makes some very good connections between diet and health as well, regardless of her religion. She remains one of few who had recovered from cancer refusing chemo, then strengthening the immune system with a change in diet & life style.
A talk by Lorraine Day,
Look at the below graph. It does not take an industry expert to expect a hard fall from this kind of growth when compared to population growth. Sustainability conquers all! 
This game, this trailer specifically just amazes me profoundly. It screams innovation, full of creative juices.
The way we speak reflects associated thoughts and the too-often applied "to be" verbs push little need for critical, deep thinking. E-Prime (for English-Prime) helps to counter this by simply eliminating any "to be" verbs (e.g. am, is, are, was, were, be... etc.).
Popular shallow thinking
It requires little thought to say something as incredibly ambiguous as “The market is down…” What does the speaker wish to actually convey; that the said instruments have dropped below fair value and present a buying opportunity, or perhaps he/she has lost/made a fortune betting long/short and looks for sympathy/envy? Nobody knows, nor cares to ask in fears of even more convoluted statements.
Deeper thinking with E-Prime
Speaking, writing in E-Prime forces us to adapt a novel mode of thoughts. Instead of expressing “this problem is hard,” E-Prime thinking compels the speaker to explore various aspects of “the problem” to only express it in clarified language, and all of sudden they may experience an “Aha!” moment, and a solution becomes known.
You know why? Most of our life problems only appear “difficult” due to uncertainties, vagueness. Once understood and demystified through some critical thinking, options (along with necessary sacrifices) surface; and life goes on.
Apply E-Prime, and the mind will follow.
