Comments on: Remember Mr. Roubini? Now He Says the Worst is Yet to Come! http://allfinancialmatters.com/2008/10/27/remember-mr-roubini-now-he-says-the-worst-is-yet-to-come/ A personal finance blog dedicated to discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance. Sat, 21 Nov 2009 13:00:57 -0800 http://wordpress.org/?v=abc hourly 1 By: Hotrod http://allfinancialmatters.com/2008/10/27/remember-mr-roubini-now-he-says-the-worst-is-yet-to-come/comment-page-1/#comment-374761 Hotrod Thu, 30 Oct 2008 00:16:04 +0000 http://allfinancialmatters.com/?p=2905#comment-374761 I am more interested in whether the Mayan Calendar is right. I am more interested in whether the Mayan Calendar is right.

]]> By: Rabbit http://allfinancialmatters.com/2008/10/27/remember-mr-roubini-now-he-says-the-worst-is-yet-to-come/comment-page-1/#comment-374439 Rabbit Tue, 28 Oct 2008 17:50:23 +0000 http://allfinancialmatters.com/?p=2905#comment-374439 I am only interested to know if Nostradamus will be correct. I am only interested to know if Nostradamus will be correct.

]]> By: Ron http://allfinancialmatters.com/2008/10/27/remember-mr-roubini-now-he-says-the-worst-is-yet-to-come/comment-page-1/#comment-374403 Ron Tue, 28 Oct 2008 13:33:08 +0000 http://allfinancialmatters.com/?p=2905#comment-374403 Could be thousands of hedge funds go belly up? http://snurl.com/4rwzn [www_telegraph_co_uk] Could be thousands of hedge funds go belly up?
http://snurl.com/4rwzn [www_telegraph_co_uk]

]]> By: shadox http://allfinancialmatters.com/2008/10/27/remember-mr-roubini-now-he-says-the-worst-is-yet-to-come/comment-page-1/#comment-374321 shadox Tue, 28 Oct 2008 03:01:45 +0000 http://allfinancialmatters.com/?p=2905#comment-374321 Guys - enough with the doom, gloom and panic. People are always saying that the financial rules are being re-written. Guess what, they never are. Back in the dotcom bubble people were talking about how business had new economics; back in the real estate bubble people were saying how real estate investments were a sure fire investment and the rules of economics no longer apply; now people are worried that the rules no longer apply on the way down. In fact, I am predicting that in the near future someone will predict the DOW will fall below zero. Seriously. Enough with the panic. Yeah, this downturn sucks. Yeah we're all losing a bundle. So what?! Economics are still economics, and people are still people. The same rules apply now and will continue to apply in the future. Guys – enough with the doom, gloom and panic. People are always saying that the financial rules are being re-written. Guess what, they never are.

Back in the dotcom bubble people were talking about how business had new economics; back in the real estate bubble people were saying how real estate investments were a sure fire investment and the rules of economics no longer apply; now people are worried that the rules no longer apply on the way down.

In fact, I am predicting that in the near future someone will predict the DOW will fall below zero.

Seriously. Enough with the panic. Yeah, this downturn sucks. Yeah we’re all losing a bundle. So what?! Economics are still economics, and people are still people. The same rules apply now and will continue to apply in the future.

]]> By: Donny Gamble http://allfinancialmatters.com/2008/10/27/remember-mr-roubini-now-he-says-the-worst-is-yet-to-come/comment-page-1/#comment-374316 Donny Gamble Tue, 28 Oct 2008 02:14:55 +0000 http://allfinancialmatters.com/?p=2905#comment-374316 Yea, Martin Weiss from www.moneyandmarkets.com is predicting the same thing to happen. He says the Dow Jones is going to hit a bottom at 7,200 Yea, Martin Weiss from http://www.moneyandmarkets.com is predicting the same thing to happen. He says the Dow Jones is going to hit a bottom at 7,200

]]> By: mbhunter http://allfinancialmatters.com/2008/10/27/remember-mr-roubini-now-he-says-the-worst-is-yet-to-come/comment-page-1/#comment-374315 mbhunter Tue, 28 Oct 2008 02:07:45 +0000 http://allfinancialmatters.com/?p=2905#comment-374315 Mr. Roubini has been mentioned a number of times on Gary North's site, so that's where I've seen him. He's spot-on. Mr. Roubini has been mentioned a number of times on Gary North’s site, so that’s where I’ve seen him. He’s spot-on.

]]> By: kim http://allfinancialmatters.com/2008/10/27/remember-mr-roubini-now-he-says-the-worst-is-yet-to-come/comment-page-1/#comment-374311 kim Tue, 28 Oct 2008 00:54:21 +0000 http://allfinancialmatters.com/?p=2905#comment-374311 It does seem like what is going on is across the board selling. Everything except the shorts are getting hammered. Somebody is trying to raise cash. Then the savers who have money in a 401k and have lost alot want out. I think it is just snowballing. I think we might have another year of this. Age seems to play a factor on how people look at this. The older people at my work have all gotten out. It's the great depression all over again. The younger people are saying this is a great buying opp. We are increasing our contributions. A year ago it looked there wasnt going to be alot of upside going forward so this market might help those of use still contributing. This guy seems like he knows what he is talking about but I am reallly not a big believer in the "This time is different argument." If you think he is right check out proshares and short. It does seem like what is going on is across the board selling. Everything except the shorts are getting hammered. Somebody is trying to raise cash. Then the savers who have money in a 401k and have lost alot want out. I think it is just snowballing. I think we might have another year of this. Age seems to play a factor on how people look at this. The older people at my work have all gotten out. It’s the great depression all over again. The younger people are saying this is a great buying opp. We are increasing our contributions.
A year ago it looked there wasnt going to be alot of upside going forward so this market might help those of use still contributing.
This guy seems like he knows what he is talking about but I am reallly not a big believer in the “This time is different argument.”
If you think he is right check out proshares and short.

]]> By: JLP http://allfinancialmatters.com/2008/10/27/remember-mr-roubini-now-he-says-the-worst-is-yet-to-come/comment-page-1/#comment-374306 JLP Tue, 28 Oct 2008 00:13:12 +0000 http://allfinancialmatters.com/?p=2905#comment-374306 Ron, I could see how that could be a real possibility—especially if the market keeps falling. Ron,

I could see how that could be a real possibility—especially if the market keeps falling.

]]> By: Ron@TheWisdomJournal http://allfinancialmatters.com/2008/10/27/remember-mr-roubini-now-he-says-the-worst-is-yet-to-come/comment-page-1/#comment-374302 Ron@TheWisdomJournal Tue, 28 Oct 2008 00:03:58 +0000 http://allfinancialmatters.com/?p=2905#comment-374302 I saw another report today (I forget where) that predicted 100+ hedge funds would soon collapse. I saw another report today (I forget where) that predicted 100+ hedge funds would soon collapse.

]]> By: Rick Francis http://allfinancialmatters.com/2008/10/27/remember-mr-roubini-now-he-says-the-worst-is-yet-to-come/comment-page-1/#comment-374273 Rick Francis Mon, 27 Oct 2008 20:39:27 +0000 http://allfinancialmatters.com/?p=2905#comment-374273 I agree with Steve Braun- one good prediction is one thing, a series of them is another. It would also be interesting to know how Mr. Roubini is invested. If he truly believes his own predictions he really should be shorting stocks like crazy. I don't claim to know what the market will do it may go up, down, sideways in the short term. However, I'm pretty certain it will go up in the long term- say over the next 10 years. I won't be trying to time the market, but I will keep investing, and if I get some really great sale prices on stocks great! -Rick Francis I agree with Steve Braun- one good prediction is one thing, a series of them is another. It would also be interesting to know how Mr. Roubini is invested. If he truly believes his own predictions he really should be shorting stocks like crazy.

I don’t claim to know what the market will do it may go up, down, sideways in the short term. However, I’m pretty certain it will go up in the long term- say over the next 10 years. I won’t be trying to time the market, but I will keep investing, and if I get some really great sale prices on stocks great!

-Rick Francis

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