Story Comments

Don, I understand the market wants investors to stay in and I on the other hand read the reports where there were problems, but no representitive or senator raised it to the public level. Bush went to radio not TV when it came to his attention. Thus yes the government did cause this. They do not want a free market economy, they want to buy votes by trying to force banks to make loans to everyone, qualified or not, and then put the burden on tax payers, That is called gradual socialism. Now we have problems, I got out of the market last November because I saw history being repeated from the Hoover days. And true to history, we are all going trough it again. This time is worse as now they want to create a global government controlled economy, the IMF has already started its proposal. In the end make your money now before it is shared without your consent around the world.

According to you we weren't in a bear market 3 months ago, but now we're 13 months into it? According to your TV appearances and incessant 'economy is fine' ramblings we actually have about 10 months left in this bear. According to you.

Oh Don. This is fabulously ironic. The man who wrote the now infamous article 'quit doling out that bad economy line' on September 14th (yes, ONE night before the 40% nightmare decline began) is now telling us just TWO months later, that it's all over.

You're a smart man, but you've been very wrong about this bear market for over a year. But hey, we let Bush run the country for 8 years and Paulson steal from both our pockets so we might as well listen to what Don has to say....

It's nice to have rose coloured glasses on but it's downright stupid and/or ignorant to gloss over what's hit the financial markets and economy now. It's fear which is the natural cycle after greed.

Is Trendmacro listed? What a good short-sale if so.

This bear market has another 2-6 years to go. For those of you who want to follow Don's greedy suggestions, why not mark today's stock/index prices down in your diary and see where they are 12 months from now. I'd bet they are a lot lower.

Don't confused bear market rallies with actual market recoveries...

Don- just when you write a few rational posts you go back to fantasy-land.

You believe that the financial panic was 'government-induced' and now evidently 'over'! We just need to look around to 'find those levels of value throughout the economy, and this recession and this bear market will be over.'

So it is all in our minds? Negative consumer savings, falling real wages, collapsing home values and unsustainable debt- are all just negative thinking?!

Sorry Don, you are the one with distorted (rose colored) view. It is going to get worse before it (will) get better.

Posted by: jim on Sadly, No!

How on Earth can this ass-whuppin’ post not even get 100 comments while those other sluttier posts get way more? These threads are being rigged … by ACORN! Wake Up sheeple!!1!1!@!

Posted by: Shklovsky on Sadly, No!

My god, did you drop some Sugarhill AND 9353 in the same column? A man of parts!

Posted by: Dr.BDH on Sadly, No!

Sadly, there are people who read Smart Money for financial advice. It’s not like Luskin only wrote for The Washington Times or The Weekly Standard. “Smart” Money put this idiot in print month after excruciatingly wrong month. And that was after he revealed what an ignorant fool he was by going up against Krugman and being completely discredited. I recommend you submit this to Dumb Monkey as a cover story on how not to report on the economy. They owe to their readers.

Posted by: tatateeta on Sadly, No!

Wow! This guy Luskin is a whack job.

Posted by: sukabi on Sadly, No!

after watching a clip of the CNBC financial brain trust interviewing Roubini and Nassim the other day, I wasn’t sure if your portrayal of Luskins “advice” was satire or not… looks like you took a serious look at what passes for “expert advice”… you sir, have done the country a service.

Posted by: dex on Sadly, No!

this post? this post, genius. thank you for the genius post.

Posted by: protected static on Sadly, No!

Too bad you can't ask the Chicago City Comptroller Coalition Provisional Authority about that… WordPress willing, FTFY Just remember: pallets of bills, totally unaccounted for. C-5s full of cash.

Posted by: int argc on Sadly, No!

Is this the same Donald Luskin that engaged in a several-years-long war of attrition with the Light Blue Satan, resulting in several hilariously futile attempts to out the notorious Atrios? Because if he is the same person, I didn’t think, until reading this post, that he could be more thoroughly punked. Bravo.

Posted by: Daverz on Sadly, No!

The only way I can explain Luskin getting a forum anywhere is that there really is a conspiracy to keep you poor and stupid.

Posted by: Gore Vidal Sassoon on Sadly, No!

It’ll be a recession in a couple of months when they can pin it on Obama with a straight face.

Posted by: OB-GYN Kenobi on Sadly, No!

I suspect that if they have been listening to him. they likely can't afford the rope. I believe justme has won the thread.

Posted by: henry lewis on Sadly, No!

I dunno about this bold thing. Every comment looks like a stern e-mail.

Posted by: ifthethunderdontgetya™³²®© on Sadly, No!

owlbear1 said, February 11, 2009 at 12:06 Who the f!*k is Luskin's audience? Why haven't they lynched him yet?His audience is the usual dupes of the Church of Free Market Triumphalism.

Posted by: jim on Sadly, No!

Yeah, he’s dead-on about this being a great time to buy stocks - if you get the ones with all the ornate lettering & fancy-ass graphics, I hear they make real pretty wallpaper. Donald Luskin is the Bill Kristol of Wall Street!

Posted by: owlbear1 on Sadly, No!

Who the f!*k is Luskin’s audience? Why haven’t they lynched him yet?

Posted by: justme on Sadly, No!

how about rainbow toe socks and short pants.I’d prefer not to have to remove my eyes with an impromptu spork. I suppose the double wetsuit reference goes here.

Posted by: Lesley on Sadly, No!

I'd love to see this clown in stocks. If stocks aren’t possible, how about rainbow toe socks and short pants. Every day for the rest of his life.

Posted by: Lesley on Sadly, No!

I wish I could be wrong so often and still keep my job. Heh, that would be sweet. Try the Securities Exchange Commission. They prize incompetence almost as much as moral bankruptcy.

Posted by: Snorghagen on Sadly, No!

Holy s!*t. Somebody pays this guy to write columns?Amazing, isn’t it? And he gets away with it, year after year. He’s turned being a moron into a lucrative career.

Posted by: Smut Clyde on Sadly, No!

In fact, you'd think it had fallen into a boiling hot volcano. That's how empty you'd think that glass was. Empty? You call that ‘empty’? When I were a lad, we had glasses that were so empty that we had to hold them under a running tap for 20 minutes just to get the sides wet. But you didn’t hear us complaining, mainly because our throats were too dry.

Posted by: justme on Sadly, No!

I’d love to see this clown in stocks. I think we really need to bring those back. The wooden ones with holes for the wrists and neck, that is. If we as a nation invested in that sort of stocks, heavily, like lining the National Mall with them, and made them the punishment for being a media asshat who is always wrong, we’d be waaaaaayyyyyyy better off. Oh, yeah. They get to be the sentence for douchenozzle politicians, too. Baskets of rotting veggies for all! Sigh. Sweet reverie, a man can dream, can he not?

Posted by: CNBC on Sadly, No!

Based on this story, I’m investing in d!*k commodities. Oh wait, we already have a surplus. Maybe if we package Kudlow with Deutsch we can make a couple of worthless commodities look like a good deal. I better get the team on this. Bulls Away!

Posted by: M. Bouffant on Sadly, No!

Corporate executive is another possibility.

Posted by: Grace Nearing on Sadly, No!

I wish I could be wrong so often and still keep my job. Heh, that would be sweet. Well, the trick is to pick a job for which there is no pesky oversight board like, say, the American Bar Association; or one in which you may inadvertently kill your clients, like medicine, and then have to face litigious family members; or rat catcher, where if you kick back too long the rats start nibbling your toes; or bus driver or airplane pilot, where your miscalculations not only are going to get you maimed or killed but also wind up on the evening news. So that pretty much leaves politician and media personality.

Posted by: M. Bouffant on Sadly, No!

As long as Mr. Luskin is getting his commission, the best time to buy stock is now, as well as tomorrow, also.