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Thursday, October 23, 2008

Everybody's been pretty quiet today!

5 comments:

Anonymous said...

Many Reits are being taken out and shot... on the combination of declining FFO's and the need to roll over debt in the near term.

FR, PLD, DDR to name a few.

The declines from annual highs are astonishing,

As I type:


FR Down 2.55 to 7.62 annual high 41.20
PLD Down 3.40 to 12.87 annual high 72.38
DDR Down 2.00 to 6.06 annual high 52.98

HS

Anonymous said...

Joe,

We're all just shocked, shocked I tell ya, that Greenspan is shocked, shocked he tells us, that his global financial model blew a piston. With that little revelation, can any of us trust Bernanke, Paulson, or Cox?

Lee

Anonymous said...

In better times they used to take people like Greenspan to the courtyard, line them up against the wall and shoot them. What a son of bitch!

Anonymous said...

One of the things I find most repugnant is society's need for someone to blame. We all seem to want to pin the blame on someone else for whatever may happen.

In this case, we are ALL to blame. From fraudulent or foolish borrowers, to lax regulators, to bankers who chased profits without regard to risk, to Wall Street and to complicit rating agencies, and on and on. We ALL share the blame.

So PLEASE save the self-righteous, indignant victimhood. We did this to ourselves.

Bruce

Anonymous said...

I don't find argument with most of your posts, Bruce, but I'd ask you to be careful in pointing a finger at "ALL" of us, as you suggest. I didn't buy a house I can't afford, I carry zero debt... consumer or otherwise, I don't legislate or regulate anything, I employ 70 people, and I support good old fashioned prudence, both for individuals and for our government. So if I sound self-rightously indignant for wagging a finger at Greenspan and others of his ilk for allowing this country to slip into a financial swamp, then so be it. It's his bed, yadda, yadda...

And in case you missed the man being "shocked, shocked," enjoy...

http://www.marketwatch.com/video/asset/E0942299-E995-4BCC-A376-A2E46106D335

Lee