A Rick Santelli rant BEFORE the first bailout attempts... when the S&P 500 was still trading at the lofty level of 1191.20.
He had it right from day one.
"They're insolvent for gods' sake!"
I'll say it again: Rick Santelli for President!
Monday, February 23, 2009
Rick Santelli Rant Before the First Bailouts
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8 comments:
What about Steve Liesmen for President?
Santelli = republican dead-ender
He ought to join a militia.
So Ninja... are we in for a quick bounce or is this a controlled demolition?
Santelli for pivotman!
Ok, so when is GS gonna take it in the neck? Or do they got protection to keep em out o hock until the dollar folds up???
You mean Steve LIESman? Who the hell cares if Santelli's a Republican -- it's what he says and does that matters. Ron Paul is a Republican but he sure as hell ain't like McBush. Disclosure: I didn't vote for either one.
lol @ the panicked people in that video demanding a signal to restore confidence immediately immediately immediately- work out the details later! Crash!
Then more recently the market demanding details immediately immediately immediately! How can we trade on this jawboning! Crash!
And plenty of people in the interim demanding the government stop meddling! GTFO and let the markets sort it out! Crash!
Confidence is bad for a reason. Everybody can shoot 50 holes in every proposed solution (both action or inaction) for a reason. This situation is going to continue getting worse, and they can't do anything to stop it.
I read what you had to say about gold, and I'm thinking one of your scenarios to buy gold is becoming more likely by the day.
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