Quote:
Originally Posted by BYU71
depression?? What is with these people on TV. None of them were born prior to 1985??
In the late seventies interest rates went to 18% on construction loans and if I remember 10% or above on mortgages. Anyone hear of the S&L crisis or the Resolution Trust Corp.
These guys on TV are idiots and only fan the flame.
Yep, I bought this morning.
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In the interest of full disclosure, what I bought was Zions bank and Washington Mutual. The profits came to fast and I just got out. Not out of my original positions, but the ones I bought this morning.
So if these stocks go way way up from here, I won't be able to claim I called the bottom. I just made some quick trading money, which I don't try to do except maybe twice a year.