You buy a pizza and get your change back in 1 share each of Citi, Ford and GM.



Or do you just want fries with that?

The way things are going I'll be happy if I can afford to buy pizza next year. Might be going on a depression era diet!

__________________
1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

MMM grits and salted pork

__________________
1985 CA 300D Turbo , 213K mi

The stock and credit markets haven’t been fooled. They have started to price financial stocks at Great Depression levels, not just recession levels. With $5, you can now buy one share of Citigroup and have enough left over for a bite at McDonalds.

Tom Friedman in the 11/23 Times:
http://www.nytimes.com/2008/11/23/opinion/23friedman.html?em

The change is worth more than a share, I want my money.

It's scary. I've seen a good-sized chunk of my life savings disappear almost overnight. I've been through a lot of corrections, but never anything of this magnitude.

I know I'm not alone in this, but somehow, I still don't find that fact very comforting . . .

__________________
" We have nothing to fear but the main stream media itself . . . ."- Adapted from Franklin D Roosevelt for the 21st century

OBK #55

1998 Lincoln Continental - Sold
Max 1984 300TD 285,000 miles - Sold
The Dee8gonator 1987 560SEC 196,000 miles - Sold
Orgasmatron - 2006 CLS500 90,000 miles
2002 C320 Wagon 122,000 miles
2016 AMG GTS 12,000 miles

Me too.

I've been buying on down days, which shows how dumb I am.

They keep going downer.

One of the great investors (maybe Templeton??) made his 1st fortune buying shares in ALL of the lowest price stocks at the bottom of the Great Depression. The ones that didn't disappear rewarded him handsomely.

Seems to me that if you buy each of Citi, GM and Ford, you know that at least one will be around....

I'll take the fries, I'll be in the crematorium before the stock goes back up.

__________________
"It's normal for these things to empty your wallet and break your heart in the process."
2012 SLK 350
1987 420 SEL

You're definitely not alone.

When you buy stocks on margin, the problems are significantly worse and it's testing every ounce of strength and every penny of resources that I have.

As in the past, I never believed it would fall to these levels.



I'm a charter member of that club. I really liked Ford at $4.00 and Citibank at $10.00.