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Actually I was still working at FT.Sam at the time I did not smoke.
BTW you have any now?
Unless someone is retiring soon, I don't see much reason to go into a panic mode. Then again, if someone is retiring soon, they probably should have been in less risky investments.
A lot of what we are seeing is cyclical.
Actually I was still working at FT.Sam at the time I did not smoke.
BTW you have any now?
mouse... ...you betta have my money!
we in a recession foo!!!
and we gotta take your sprayer back before the pawnshop gets hit and can't afford it!!!
I agree totally. I've just been saying for the last few weeks that THIS one is gonna be one nasty ing cycle. Fortunately I'm 100% in paid off commercial real estate right now (which will obviously go down in value short term in a recession/depression but IMHO opinion won't take the hit stocks did) and if I see a solid bottom and really strong upside in the market I can ALWAYS borrow a few hundred thousand on the real estate and play with the high rollers in the market on the recovery. This is just NOT the time to be drinking the "dollar cost averaging" kool-aid and riding this stock market to the bottom.
This ed up economy is one big sandwich that we are all gonna have to take a bite of eventually, but the more bread you have when you have to take that bite the less it's gonna taste like .
I agree with about 90% of that except that this is cyclical. Down markets are cyclical, but the meltdown of the financial system last happened in 1929.
yeah...my millions are safe too...no worries...
if times got tight, i could dabble...a few hundred K here...a few there...make up the difference...
http://www.hulu.com/watch/36665/satu...le-investments
what the average broker is doing right now (for those who haven't seen it)
for you young schmos, scrap together a couple of hundred dollars a month and invest in the market. you won't be sorry.
Don't be a hater Zak. Your business of breaking up ozs and selling joints will be booming in the coming recession. You could reinvest and ride that wave all the way into the big time multi-key market.
Jump out before LE kicks your door down, sell your stash and buy GM at $2, and ride that baby right to the top. You could be the next Warren ing Buffet.
Last edited by CosmicCowboy; 10-09-2008 at 05:17 PM.
We aren't going to see a meltdown comparable to '29. Perhaps a few sectors but not a total meltdown.
But even if we did, it could still be cyclical ... just a longer cycle.
You might want to wait until next month to start, though. We haven't gotten close to the bottom of this mother yet. Remember, as the market gets lower every point down represents a larger percentage drop than it did a month ago.
Typical, I don't make , but you can't prove it response.But you know the best part? I know I work less than you and I'm pretty damn sure I make more than you. Chew on that, .
Manny, a person who talks as much as you is broke 99% of the time.
Agreed. I thought bank stocks got hammered unmercifully today to a point of being irrational. The Fed is gonna do back flips to stop any more bank failures in this climate. Once the public starts realizing this ain't just a normal correction they won't scream so much when the Fed goes back to congress for more money...at this point they are throwing numbers like "trillion" around like they are pocket change.We aren't going to see a meltdown comparable to '29. Perhaps a few sectors but not a total meltdown.
But even if we did, it could still be cyclical ... just a longer cycle.
!
What's funny is that the panic would be much worse if gas prices also weren't falling. To the average American, they can relate more to gas prices than stocks -- as lame as that sounds. If gas prices were rising drastically and the stock market was spiraling downward, I'd be at Academy with CC buying s s
I still find it funny how people get pissed that the economy goes into recession.
Did those people miss the invisible hand part of Economics class?
i'm gonna make some serious money off this market.
thats all i know.
Well one thing is for sure Clan, I'll be 50 bucks richer on Nov 5.Typical, I don't make , but you can't prove it response.
Manny, a person who talks as much as you is broke 99% of the time.
I also don't make , but you can't prove it.
So today was the day they let short sellers come back out to play?
The short sellers that will not be made public by Mr Cox/Bush/etc.
I'm tempted to buy GM stock out of sheer incredulity.
i just cant wait any longer till my govt actually passes the legislation protecting depositors 20k maximumif a bank goes bankrupt....
i shouldve bought american dollars when they were against the aussie dollar, be pretty good selling it out now....
lmao at England with $50b in icelands financial ins utions are in default hahahaha, they also locked up icelands $10b deposited in englands financial ins utions until rest is paid back.
The only way i can see this being solved and americas NFD? communism
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