Comments on: More Government Foolishness…Again http://www.theundergroundinvestor.com/2007/08/09/more-government-foolishnessagain/ The definitive investment blog for investment news not discussed in the mainstream media Fri, 29 Aug 2008 22:10:17 +0000 http://wordpress.org/?v=2.0.3 by: The Underground Investor - The definitive investment blog for investment news not discussed in the mainstream media http://www.theundergroundinvestor.com/2007/08/09/more-government-foolishnessagain/#comment-28312 Thu, 22 May 2008 06:26:35 +0000 http://www.theundergroundinvestor.com/2007/08/09/more-government-foolishnessagain/#comment-28312 [...] Just check the progression of stock charts of every major U.S. housing stock and financial stock after our most-listened to political and finance leaders told the world there was going to be no problem from subprime mortgages. Almost every single one of these companies saw their stocks soar from 12% to 25% in a matter of weeks based upon this renewed, though extremely misguided, confidence. Just months later after this false rally, the markets suffered a strong downturn but then again seemed poised to recover. In fact, I even blogged about the foolishness of listening to these demagogues about their declarations of a strong economy back then in an article entitled “Government Foolishness…Again.” However, when the markets rallied at the end of the year, I strongly recall public sentiment being extremely rosy for an extremely bullish 2008. Then, at the start of 2008, many of the largest financial and housing stocks proceeded to lose 40% to 85% of their value in a matter of weeks. [...] […] Just check the progression of stock charts of every major U.S. housing stock and financial stock after our most-listened to political and finance leaders told the world there was going to be no problem from subprime mortgages. Almost every single one of these companies saw their stocks soar from 12% to 25% in a matter of weeks based upon this renewed, though extremely misguided, confidence. Just months later after this false rally, the markets suffered a strong downturn but then again seemed poised to recover. In fact, I even blogged about the foolishness of listening to these demagogues about their declarations of a strong economy back then in an article entitled “Government Foolishness…Again.” However, when the markets rallied at the end of the year, I strongly recall public sentiment being extremely rosy for an extremely bullish 2008. Then, at the start of 2008, many of the largest financial and housing stocks proceeded to lose 40% to 85% of their value in a matter of weeks. […]

]]> by: The Underground Investor - The definitive investment blog for investment news not discussed in the mainstream media http://www.theundergroundinvestor.com/2007/08/09/more-government-foolishnessagain/#comment-14592 Sun, 04 Nov 2007 00:54:43 +0000 http://www.theundergroundinvestor.com/2007/08/09/more-government-foolishnessagain/#comment-14592 [...] Aug. 9, 2007    - More Gov’t Foolishness (or Lies) Again: Bush and Paulson State Markets are Sound Aug. 9, 2007   -  Chinese Tariffs and the Nuclear Option: You Heard it Here First…Again  [...] […] Aug. 9, 2007    - More Gov’t Foolishness (or Lies) Again: Bush and Paulson State Markets are Sound Aug. 9, 2007   -  Chinese Tariffs and the Nuclear Option: You Heard it Here First…Again  […]

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