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DOW Below 6700 10:17AM CDT 6,679.19 Down 196.65 (2.86%)
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| 3/5/2009
| DOW
Posted on 03/05/2009 8:20:10 AM PST by Dallas59
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To: wbill
yep, I've been saying that the S&P has been undervalued for awhile. Now I really think that it's undervalued. Index investing isn't "sexy" enough for some people. But, it just works. Rightly or wrongly that's me. I'm more or less 100% in the Spiders and have resisted the urge to cash out. It's been hurting going down but that dividend yield sure looks nice at the moment. I'm not however putting new money into the market other than reinvesting dividends.
To: Glock19C
Below 6600 now. 6,568.56 -307.28 -4.47%
182
posted on
03/05/2009 12:39:50 PM PST
by
Dallas59
("You know the one with the big ears? He might be yours, but he ain't my president.")
To: kcvl
6,570.55
3:39pm 03/05/2009
Change:-305.29
To: Smogger
Old Jackie Mason gag:
“My uncle was wiped out in the crash of ‘29. This rich stockbroker jumped out a window and fell on his pushcart!”
To: 668 - Neighbor of the Beast
Obamanomics!
185
posted on
03/05/2009 1:10:57 PM PST
by
kcvl
To: wbill
Usually when the weeping and wailing and gnashing of teeth is at its apex, is the best time to buy. Just like when everyone is jumping in with both feet is the time to sell... Normally I would agree with you - but Obama and dems are trying to prop up the price of tulips - and for those who lost their shirts buying $400 bulbs he's coming up with refinancing scams.
In short, the "smart money" is waiting - they know better. Tulips are not viable.
The "not so smart money" has been putting their toes in the water for some time - only to have them frozen off. You're right in the looooooong run - but we're not there yet.
186
posted on
03/05/2009 1:37:34 PM PST
by
GOPJ
(People who can't use the new WH phone system are trying to redesign half the US economy - Brooks)
To: wbill
People with S&P index funds have not fared well this past year. Other than that historically eventually things turn around, what are you basing your sunny optimism on? Japan’s been down for more than 15 years...
187
posted on
03/05/2009 1:41:28 PM PST
by
GOPJ
(People who can't use the new WH phone system are trying to redesign half the US economy - Brooks)
To: LadyBuzz
We are 5 years until retirement (?) and frightened... I understand your fears. I'm retired now - and it's pretty scary.
188
posted on
03/05/2009 1:43:25 PM PST
by
GOPJ
(People who can't use the new WH phone system are trying to redesign half the US economy - Brooks)
To: wbill
I've been saying that the S&P has been undervalued for awhile. Now I really think that it's undervalued. As long as our government has strong marxist tendencies (and it does with the current regime), "undervalued" means little.
189
posted on
03/05/2009 1:46:37 PM PST
by
meyer
(Obama is to the USA as Mugabe is to Zimbabwe.)
To: GOPJ
Normally I would agree with you - but Obama and dems are trying to prop up the price of tulips - and for those who lost their shirts buying $400 bulbs he's coming up with refinancing scams. Excellent analogy.
Fortunately, I've got time to wait.
190
posted on
03/05/2009 1:58:02 PM PST
by
wbill
To: Oldeconomybuyer
191
posted on
03/05/2009 5:38:29 PM PST
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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