Posted on 10/27/2011 1:00:49 PM PDT by Peter from Rutland
So let's here it for all the literal loses who pulled out of the market and missed one of the best Octobers on record.
Remember, it's buy low - sell high. Not, buy high - sell low.
Hee haw! Sure does pay to have a financial adviser instead of a weak knee!
Keep your words sweet.
Some day you may have to eat them.
Whenever taunting like this starts you know the turn is close at hand.
A good time to go short? That would be my trade here.
the turn is close at hand.
DOOOOOOOOOOOOOOOOOMED!
Every smart investor knew the moment the Euroweasels agreed on a bailout the market would soar. Markets love, love, love bailouts. Anyone who listened to the doomsayers and bailed on this market early just missed out on of the best months in decades.
It is rarely smart to listen to the gloom and doomers when it comes to markets. These types tend to always believe the next depression is right around the corner and are almost never right.
Ummm, the dollar dropped by 5% AGAINST THE EURO! the last two weeks.That means even though we are getting a bump from risk flight, the value of your stocks isn’t really going anywhere.
I moved half my money to Canada and Australia, so I just got areal rise in value.
As for you Rutland, what goes up must come down. Anyone who believes this pump and dump is permanent is cwazy.
PRIDE goeth before a FALL.
LLS
Yay for you!!!
You actually have probably as much “value” as you did to start October!!!
Because the dollar has dropped from 79.60 index on October 3,2011 to 74.99 today.
So while your heart skips a beat with glee at your ‘gains’, you really gained nothing excepting noting that it’s just like Zimbabwe. A dozen eggs might cost $1,000,000, it doesn’t make it worth that amount.
My history has been to sell low and buy high because I would panic and I'm really trying to get away from that.
Actually, many market “doomsayers” have been saying that they expect the market to rise in the short term, prior to collapse. I have heard everything from DOW 12k to DOW 15k — from so-called doomsayers. In fact, many seem to believe that the economy will continue to limp forward for a few more years.
A short term rise in the stock market does not negate the very real structural problems that exist. By all means, keep riding this updraft. But don’t be surprised if it doesn’t end well.
Actually, I have three investment instruments: My wife’s 401k, all in the market. My 401k, all in bonds, and physical precious metals. As in “physical” I mean, I can get to them in about five minutes.
The stocks have actually done not bad. The bonds over time have done not bad. The PMs are awesome! I’m seriously thinking of pulling all out of the market now, however. It is up because of that ridiculous agreement in the eurozone which will either never really come together or will unravel once it does.
The market survives on faith, not reality. It has become, in the last decade, pure Casino.
I always wondered why so many here on FR find happiness in a bad market, bad news or bad economy. You would think they’d be thrilled that the market is doing so well. Don’t any of these people have investments, a 401k or IRA? Why do they seem to get satisfaction out of negativity?
—Every smart investor knew the moment the Euroweasels agreed on a bailout the market would soar.—
I agree. And when the bailout fails, well, you know...what goes up, must come down.
I agree with you. There are a core group of real doomers in here that absolutely seem to relish in anything negative. Pretty sucky way to live I’d guess.
Yes. The short-selling gangs have also propagandized for over four years that Chinese manufacturing collapsed, about nonexistent safety in the dollar, etc. There’s no safety in our dollar, when our debt-to-GDP is over 100% and further trade deficits. Most of the western economy is going to crash except for those few with net energy exports, but it will be awhile. See the tsunami of more qe and debt coming our way with inflation.
Use the time bought for us by preparing yourselves.
smartest people in the world are longs until the market downticks 10 points
then the crying begins
amazing how many people just don’t understand the basics
a foot is a foot... whether you measure in inches so that there are 12 inches in a foot... or 24. it’s still a foot.
printing more money and jacking up the debt is akin to shrinking the size of the inch. in which case, 24 inches would still result in only 1 foot.
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