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Isle of Capri Casinos, Inc. Message Board

  • longacres_brew_house longacres_brew_house Jul 26, 2007 9:19 AM Flag

    Sitting on a mountain of cash

     

    and loving it. I tried to warn you that we were in for big problems in the markets. I own one stock that I'll hold for many years and the rest is in cash right now. It's going to get a whole lot worse in the future. All the warning signs were there but if you listened to CNBC's super pumping of stocks for the last three weeks and telling you the markets were going to the moon, then you've been had. The non stop CNBC pumping was a sure sign that we were very close to the start of a crash. Now they suddenly see some problems out there. They still won't admit it but the subprime debacle is about to spread into the prime area. I warned you of that six months ago. It's not going to be pretty. Good luck to all but stocks are the last place you want to be right now.

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    • Gee, I sort of sound like Donald Trump.

      (Melania I'll be upstairs in a minute, get me some milk and warm my cookies)
      ---
      But that whole CNBC pumping of the market creates suckers to buy in at the high. Where ya been at... Hey, remember we're in a global economy. American manufacturing days are over, all except for defense and infrastructure related services, everything else is going to China or India.

      Anybody know if SNA has a plant over there, should add to the bottom line nicely.

 
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