UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next
Author: PolymerMom Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59833  
Subject: Re: Is Harry Dent Fessing Up Yet? Date: 3/8/2008 10:59 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 1
Daryl,

I consider myself reality-based, meaning I look at the data and draw conclusions. IF that means "liberal", so be it.

As far as I'm concerned, Harry Dent lost it before the dot.dom bust. I've never followed him because he seems to be "messianic", or maybe telling folks what they want to hear.

Now having a Reuters story about "systemic margin call" does worry me a bit.

http://biz.yahoo.com/rb/080308/wallstreet_losses_jpm.html?.v=1

From the article: JPMorgan, which sent a default notice to Thornburg Mortgage Inc. (NYSE:TMA - News) after the lender missed a $28 million margin call, said more default notices and margin calls were likely. The Carlyle Group's mortgage fund also failed to meet $37 million in margin calls this week.

"A systemic credit crunch is underway, driven primarily by bank writedowns for subprime mortgages," according to the report co-authored by analyst Christopher Flanagan. "We would characterize this situation as a systemic margin call."


But if you want to follow Harry Dent, far be it from me to tell you otherwise.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (23) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Apple

Apple and Ninety Years Ago
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement