Yes sir, yes sir.

This crappy downturn this week is a prime buying opportunity. Keep this in mind, kiddies; Back in mid-July the bulls in the market took a few weeks off and the market fell quite a bit. Now while some people see this as "Oh no, INSTABILITY RUUUUUN!!!", the smart investors will see it as "Hmm, a bunch of really good companies are being oversold on irrational fears that the financial sky is falling. Time to buy."

While it's true that a few really big, really old companies fell from the highest of heights this week, that doesn't mean they're ALL bad.

Invest in the large caps. They're better able to survive the fear runs.

Cdude1034's move of the week: I bought (that's right BOUGHT) 62 shares of Wachovia (wb) at $8.99 per share.

Why did I do this? They have $101 BILLION dollars in capital. It's a stable company that's well capitalized with no fear of going bankrupt in the near future.

This is the PERFECT time to buy.

Sony is getting the snot beat out of it. Down -9% in Tokyo. Nintendo not doing great either at -4.5%.

Ok, I found the reason for the beat down.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aa5W7NIdymW0

Sony Shares Fall After Goldman Sachs Cuts Rating to `Neutral'

By Hiroshi Suzuki

Sept. 18 (Bloomberg) -- Sony Corp., the world's second- largest maker of consumer electronics, fell to a five-year low in Tokyo trading after Goldman, Sachs & Co. cut its investment rating on the stock.

Sony declined 7.3 percent to 3,320 yen as of 9:22 a.m. on the Tokyo Stock Exchange, headed for the lowest close since June 2003. The benchmark Nikkei 225 Stock Average fell 3 percent.

Goldman yesterday reduced its investment rating to ``neutral'' from ``buy.'' Sony's share-price estimate was cut 20 percent to 3,700 yen from 4,600 yen.

Morgan Stanley is looking for a buyer. Whos betting Goldman won't last either????

A group of international banks have injected $180 billion (all in dollars I believe) into the markets. Isn't this going to drive the dollar further down and result in more inflation?

I don't understand these "solutions". It seems to me like they're patching holes on the submarine while new holes keep popping up as a consequence.

A lot of the problem has to do with the unavailability of credit, which is funny because the whole mess was started by the over extension of credit

The more liquidity the world banks can inject into the system, the better. You can use whatever analogies you see appropriate, but we'll get out of this eventually. The sky is not falling, the sub is not sinking.

I'm still doubtful that inflation and devaluation of the US dollar won't result... However, it seems pretty obvious that the economical leaders are in panic mode, triggering measures literally every single day now. The situation doesn't seem that simple to me.

How many dollars did the banks "print" to fix this mess? This must have a consequence in terms of inflation.

You're absolutely right, there will be inflationary consequences, and price of the dollar...well, since something only has value relative to something else, we'll have to see. It's not just America's economy that suffering.

Apparently, we've spent $600 billion on bailouts so far. Well, that's not technically accurate, $600 billion is how much the Fed has pledged to help. The real total could be less, but that's the upper limit at this point, and that's the number we need to use for all intensive purposes until we can look at the aftermath.

I know you know that banks don't actually print the money, but I am curious myself to see where the Fed got all of this money. As we speak, the treasury is selling debt on behalf of the Fed. I believe the article said a total of $160 billion worth. This doesn't mean that the Fed's in trouble, but even our Fed has to stay somewhat liquid, and selling debt is a good way of doing it.

There will be inflation. The overall extent of it will be determined by just how far up their asses everyone's head was before this all started.

Not a good time to be a businessman. Hope things pick up soon.

Goldman Sachs is now in the 80's..............................