Just surrendered by closing my VanGuard fund.

Vanity | 10/8/08 | vanity

[prolifefirst]

Can't take it anymore.

[alice_in_bubbaland]

Yaw, we invested in Gold, Silver, Real Estate & a Jewelry Store, years ago. We’re mostly liquid.

[nanetteclaret]

I’m just learning about the “Cloward-Piven Strategy.”

This whole mess is one gigantic hoax - a manufactured crisis in order to socialize everything and turn our Republic into a third-world socialist sink-hole.

[Freedom4US]

Vanguard is a great firm, but why buy into a fund “backed” by treasuries, when anyone can open a TreasuryDirect account and contribute as little as $100.00 towards T-bills, notes, bonds, TIPS, etc, without any commission.

The securities are held in electronic ledgerbook entry by the federal government, and can be sold with the click of a mouse, and the proceeds deposited directly to a bank account. Even savings bonds can be bought and sold this way. It just seems like in this time of market turmoil everyone should be made aware of that. http://www.treasurydirect.gov

[TexanToTheCore]

I will have to look that up tonight. Much of what has happened over the last two years has made little sense economically. It has to be manipulation.

[Mjaye]

I understand your reasoning, however Bob Brinker, the radio finance guy, said last weekend that Vanguard was probably among the best. Who knows, these days.

[alice_in_bubbaland]

“Cloward-Piven Strategy.”

Thanks, I’ll do some research.

Funny you say that, I’ve been suspecting some sort of “One World Order” conspiracy of late. I used to think that the folks who believed that garbage were nuts, but sadly, not anymore.

[Reeses]

And how's that different than pork chops again?

Pork chops can go on sale as a loss leader to generate other sales or if they are about to go bad and need to be consumed soon. Stocks never go on sale. They are always priced where most people think they are worth at that point in time. People shouldn't buy a stock just because the price is 30% off from last week. What the price used to be has absolutely nothing to do with what it's worth now. Wise shopping at the grocery market is not the same thought process as wise shopping in the stock market. I cringe when people say stocks are on sale, as if they are bargains, a special deal. They are not.

[prolifefirst]

Bob Brinker, the radio finance guy, said last weekend that Vanguard was probably among the best.

My Vanguard fund was going down like the Dow and my horizon is very short.

[alice_in_bubbaland]

“Cloward-Piven Strategy.” Info:

http://www.discoverthenetworks.org/groupProfile.asp?grpid=6967

[prolifefirst]

Why would you expect a turnaround in a matter of days? No way.

Based on my past experience. I wasn't basing it on the news, just how the market seemed to go up for at least a day after a big decline.

[nanetteclaret]

Go here:

http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html

The article is complete with a chart showing the actors (Obama, Soros, Bill Ayers, etc.) and entities (MoveOn, MediaMatters, ACORN, Woods Fund, etc.) connected by lines showing relationships and how the dollars are flowing.

[HawaiianGecko]

"Hey we aren’t back to pre 2000 levels yet, the George Bush years have just been “priced in”....also pricing in the coming socialist regime..."

The saying is that over time the market has made 7%/year over any 10 year period (1973-1983 doesn't agree with that philosophy though) so if you look at it as the market was at 10500 when Bush took the reins and today we are at 8600...  it's very ugly.

Another way to look at it is that right after 911 we spiraled down to 7700 by Mar 2003 and on Oct 9, 2007 the DOW closed at 14,200... an 85% increase which works out to be a 16%/year increase.

I've been in the market since 1980 when the DOW was 800, so 8600 doesn't particularly scare me.  It's a 975% increase or  about 8.7% per year increase.  And this doesn't even include all the churning and capital gains that were folded back into my accounts. 

I wrote in FR right after the debate Tuesday night that the market will tank because the country will see Obama taking the reins of government in January.  Capital gains tax is going up, short term players and people close to retirement will be moving out of stocks, cashing in their gains, paying their taxes at the current low rate and will wait for the bottom.   They'll all get back in when they find the companies with good P/E ratios, making it worth paying 28% on their gains. 

The bottom is close.  People can panic and lose their shirts by continuing to bail out, but the smart guys and there are lots of them will see the value buys and scoop them up, ending this slide.

[B4Ranch]

>I’ll let my 401K ride... check back with me in 20 years and I’ll tell you how it went.<

Why not get your head out of you know where and put it into an income fund? There is no reason to ride this out to the bottom and then slowly crawl back up to todays levels. Put it in the money market or bonds and after the bottom has been found transfer it over to a growth fund. Make some money instead of just losing it!

[psjones]

The problem with saying after a bottom has been found is that by the time you realize we’ve hit bottom it’s when the market has risen quite a bit and stays there.
As Warren Buffett says, the problem with trying to time the market is that you have to be right twice, know when to get out, and know when to get back in.

[LurkingSince'98]

good grief man have you taken a look at a graph of gold for the last five years versus a graph of the Dow or S&P or Nasdaq, how about a graph of emerging nations?

Your only chance of saving what you have left is going to precious metals and cash.

Why do you think I went long precious metals in 2002 - because I lost my a$$ in 2000 on the dotcom bust.

I cashed in my 401k, took a tiny inheritance and plunked it in gold an silver. So far a double in gold and a triple in silver.

for your family's sake invest in real money.

Lurking’

[DeaconBenjamin]

8000 maybe? Could it get even lower than that?? It's starting to become scary.

Tomorrow?

[DeaconBenjamin]

please consider buying precious metals with it.

Who has any?

[prolifefirst]

The bottom is close. People can panic and lose their shirts by continuing to bail out, but the smart guys and there are lots of them will see the value buys and scoop them up, ending this slide.

What number would you predict for the bottom?

[Fishrrman]

“If it’s gone in 9... I guess I’m going to be pretty pissed then”

After 8 years of “Obamanation” - how much will be left, for anyone?

- John

[Fishrrman]

“When it gets to the bottom, sell”

What if the “bottom” is.... 0.00?

;)

- John