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PeakOil is You

They are using the "C" word in the NY Times

Discussions about the economic and financial ramifications of PEAK OIL

Is it Capitulation?

Poll ended at Sat 11 Oct 2008, 13:37:33

yes
9
38%
no
8
33%
I want my mommy!
7
29%
 
Total votes : 24

They are using the "C" word in the NY Times

Unread postby the48thronin » Wed 08 Oct 2008, 13:37:33

“What’s happening is people are crawling into a bunker and pulling an iron sheet over their heads because they think the sky is falling,” said William Ackman, a prominent hedge fund manager in New York.

And that bunker is getting very crowded, so much so that some analysts are starting to suggest the markets are showing signs of “capitulation” — another term of art to describe what happens when even the bullish holdouts, the unflagging optimists, throw up their hands and join the stampede out of the market.

Fear can be seen at every turn — in headlines raising questions about another Great Depression, and in the crowds gathered around office televisions to track stocks or to parse the latest pronouncements from the Federal Reserve chairman, Ben S. Bernanke, or the Treasury secretary, Henry M. Paulson Jr.
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Re: They are using the "C" word in the NY Times

Unread postby patience » Wed 08 Oct 2008, 13:46:35

I don't think there are any more tools to use for the Hank and Ben Show, nor their counterparts in other countries. Long term Treasuries taking a licking today, which looks like only short T's are seen as anything resembling a safe haven. So, there is nowhere to run, nowhere to hide. My money (in a sock) is betting on a grinding crash down, starting a few days ago.
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Re: They are using the "C" word in the NY Times

Unread postby ReverseEngineer » Wed 08 Oct 2008, 13:52:30

patience wrote: So, there is nowhere to run, nowhere to hide.


Can I at least get some credit for originating that line here?

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Re: They are using the "C" word in the NY Times

Unread postby DomusAlbion » Wed 08 Oct 2008, 14:03:12

ReverseEngineer wrote:
patience wrote: So, there is nowhere to run, nowhere to hide.


Can I at least get some credit for originating that line here?

Reverse Engineer


Nothing's original RE.
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Re: They are using the "C" word in the NY Times

Unread postby ReverseEngineer » Wed 08 Oct 2008, 14:06:25

DomusAlbion wrote:
ReverseEngineer wrote:
patience wrote: So, there is nowhere to run, nowhere to hide.


Can I at least get some credit for originating that line here?

Reverse Engineer


Nothings original RE.


I said HERE.

Nothing is original of course, but I used this line in at least half a dozen posts in the last 3 days on different threads, both i the physical aspect of not being able to escape what is coming OR in being able to secure your wealth.

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Re: They are using the "C" word in the NY Times

Unread postby vision-master » Wed 08 Oct 2008, 14:13:51

My 403B is still going UP!
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Re: They are using the "C" word in the NY Times

Unread postby Madpaddy » Wed 08 Oct 2008, 14:50:45

RE,

I know you were the first with that line here.

Now who was the first person on po.com to type that immortal phrase.

"and so it begins".
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Re: They are using the "C" word in the NY Times

Unread postby wisconsin_cur » Wed 08 Oct 2008, 15:25:33

I thank Om, Allah and Buddha every night that I live in a climate where lack of water isn't the issue, excess is. Los Angeles could well be one of the worst places in the world after the Peak- nowhere to run, nowhere to hide. 12 million people, surrounded by desert, living in an inhospitable climate and suffering mental breakdowns, with the best source of food being each other... The rest doesn't bear thinking about.

-RIPSmithianEconomics 7/11/04

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Re: They are using the "C" word in the NY Times

Unread postby HEADER_RACK » Wed 08 Oct 2008, 15:43:40

CHRIST PEOPLE!! This thread is on capitulation of the markets. Of the eight post on this thread six of them are about a stupid saying.
Gentlemen in the Grand Scheme of things Does it really f*cking matter who said it first on a damn internet forum.
During this current economic collapse can we please act like adults and stop bickering like children.
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Re: They are using the "C" word in the NY Times

Unread postby rdsaltpower » Wed 08 Oct 2008, 15:52:13

Header_Rack.....+1
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Re: They are using the "C" word in the NY Times

Unread postby jupiters_release » Wed 08 Oct 2008, 17:36:59

HEADER_RACK wrote:CHRIST PEOPLE!! This thread is on capitulation of the markets. Of the eight post on this thread six of them are about a stupid saying.
Gentlemen in the Grand Scheme of things Does it really f*cking matter who said it first on a damn internet forum.
During this current economic collapse can we please act like adults and stop bickering like children.
Don't Sweat the petty stuff. Pet the Sweaty stuff!


Your avatar progression reflects the economy well.

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