Posted on 10/09/2008 1:00:23 PM PDT by prolifefirst
Just remember, there are some pretty cagey dudes on the other side of the table, too.
They could hand old George Soros his hat in the next month.
We’re gonna get a HELLUVA bounce outa here.
RE: “If Obama is in the White House, there is absolutely no reason to enter back into this market until 2012.
Anyone would be foolish to do so IMO.”
I totally agree — under normal circumstances like a major market correction and/or recession I might wait it out. But when I moved to total money market today after watching the slide the past few weeks and doing nothing, I took into consideration that it’s very likely it will take YEARS to recoup the current losses, thanks to Obama and cronies. This election and the economic situation around the world markets makes a big difference to me.
August 9, 2004.
I hate that cliche. Stocks are not pork chops. They do not go on sale. The stock prices reflect what most people think they are worth at this time believing that the economy is about to get worse. They are not a bargain. It's a bad idea to buy stocks the same way you buy sale items at the grocery store. They are different things.
7700 will be the bottom. I’m betting (heavily, but it’s all play money) on it.
I agree.
Exactly.
Now, for someone who needs the cash in the short-term, maybe.
Why would you expect a turnaround in a matter of days? No way.
And how's that different than pork chops again?
Nice work if you can get it!
Doesn’t seem to be much of a bump from that date to the next year.
I agree.
“As were commodities.”
Are you talking about the oil price surge last spring? I thought that was being manipulated from the start, since there was no good reason for it. All of a sudden it just started to go up - and that began to throw our whole economy off.
Like I said, it’s not much money. Probably less than a year of ‘retirement’. It makes the ‘more risk’ choice more like a small bet twice a month in Las Vegas.
If we lose it all, we won’t die or anything. No worries.
BTW, her mail wasn’t the 401 report. It was something totally different from the company.
You too. ;>)
There may not be a United States left in 2012 if BO gets elected.
The Dow went up 40% over the next 3 years.
The price of oil began it’s upward surge after the Congress was turned over to the Democrats, leading to the oil price surge. Someone has a chart on it on FR and it was quite striking.
IIRC 11% of the trades on oil wre from one outfit. Enough to drive the market ever upward and I think there is an investigation on the subject.
IIRC the panic over subprime loans began shortly thereafter.
It looks and walks like a duck.
Would the Demos be this cruel. Sure they would. It’s how they work, create a panic and then claim to know how to fix it.
Due to it being undervalued? Interesting.
“I’ve lost everything that I’ve had - twice!”
Been there—done that, and I didn’t have enough to even buy the T-shirt.
You have a good and healthy attitude. Heck, I was born poor, I didn’t even come into the world with clothes on my back. ;>) From that day forward, everything has been extra.
I’ll get my money back, or learn to live without it....
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