You have $100's of millions of dollars in your Defined Benefit Fund and $10's to $100's of thousands of dollars in in your 401a. Who still thinks that headlines about billions of dollars lost in the financial markets isn't a kick in your crotch? 

It requires a great deal of boldness and a great deal of caution to make a great fortune, and when you have it, it requires 10 times as much skill to keep it.

Ralph Waldo Emerson

Chartz and Table Zup on the main site.



In the meantime...I've been adding links here during Sat and Sun. Check it out....

http://www.nytimes.com/2008/09/07/opini ... ef=opinion
Food for thought...

http://www.time.com/time/nation/article ... ml?cnn=yes
Just what we need, MORE real estate problems in Florida....

http://www.bloomberg.com/apps/news?pid= ... refer=home

http://voices.washingtonpost.com/washbi ... fredd.html

http://www.bloomberg.com/apps/news?pid= ... refer=home

http://bigpicture.typepad.com/comments/ ... -crat.html
houses and cars; a lot of money not changing hands equals jobs lost.

http://bigpicture.typepad.com/comments/ ... use-p.html
I'm a trend follower based on identifying trend changes as early as possible. All cash watching the current trend.

http://www.youtube.com/watch?v=rOVXh4xM-Ww
Cramer was almost universally derided as a lunatic when he said what he did in 8/07. A week later the markets tipped over and have gone down since. Since then, Bear Stearns is toast as is Indy Mac and a slew of other mortgage originators and holders. So this weekend the Treasury (the US taxpayer) is effectively buying all the mortgages that Fannie and Freddie hold. Every godawful mortgage to every unqualified or felonious borrower made by a sleazy boiler room mortgage outfit or first line nationwide consumer bank will be backed by the US taxpayer. Or maybe not. The unwind will be huge and will matter big time....

http://money.cnn.com/2008/09/07/news/ec ... tm?cnn=yes
Sunday AM thoughts on the Fannie and Freddie riff.

http://www.bloomberg.com/apps/news?pid= ... refer=home
Sunday Evening thoughts on Freddie and Fannie..





CLICKIT!!! Good funds in a bad environment? Or is the total complacency of the McMorgan pension management era still in place?

Depends. A fund can be a stinking pile of crap even while it makes money, and the best fund in the sector can lose money. Prolly time to take a look and see which ones we are stuck with are which....And what about Fannie and Freddie? Stay tooned and see ya here Sunday Eve.
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