Posted on 08/23/2009 5:47:56 AM PDT by FromLori
Honestly, who knows? What you you say about an industry where monkeys throwing darts at a list of stocks can outperform the majority of fund managers? The fact is that the market is a highly complex system dicatated by thousands, if not millions, of variables. Very few people are consistently right—unless you own the economy (as does Goldman Sachs).
Thus, if you are patient, over time you will be richer for it.
The way I’ve made $$ is by going short term. High yield dividend stocks that pay you for owning them (thus reducing risk). Also, selling once I’ve made a 50% profit regardless. Yes, you can say I “lost money” by selling early—but no one every went broke by taking profits.
Bump.
One more crash and it’s “Planet Of The Apes”.
And the wheel is rigged too - just like in real casinos!
Otoh, if you practice a card-counter’s skills, you can scrape considerable money off the table.
It’s a living!
Could this be why Obie has a Sept. (as soon as congress returns from vacation) new deadline on the health care issue.....do they no something we do not?
Did he ever release those “numbers” that where due out in July, and he was late in reporting them, remember he even used the old Bush was late also line.
The biggest problems I see are the Federal Reserve propping up banks that still have enormous exposure to bad debt, and the Treasury continuing to borrow gargantuan sums of money to pay for unsustainable levels of spending.
why is it always october?
The origin of the ant and the grasshopper tale?
I suspect that this is probably a post hoc, ergo propter hoc kind of thing.
ML/NJ
Those things are problems, but a bigger problem may be the amount of additional uncertainty or risk that Obama and Pelosi’s Marxist Posse have introduced into the market. Who will Obama’s intervention and thuggery hurt next, and who will be helped? What sectors of the market will be hurt the most by the massive tax increases that must follow Obama’s insane spending? What companies will be hurt the most, and who might benefit from cap and trade, Obamacare, and amnesty for illegal aliens?
There is no way I will put new money in the market until these risks are eliminated or quantified. Yes, earning one-half of one percent in a money market fund is slowly destroying what my wife and I have accumulated over 40 years, but I cannot afford the risk created by Obama and the other Marxists now in control in Washington.
[snip]
Here's the underlying problem: Bernanke and the Government are throwing literally $250 billion a quarter down the toilet simply trying to prevent an all-on deflationary collapse.
Unfortunately that "prevention" only works so long as the $250 billion a quarter can continue to be spent - more than $1 trillion a year in annual deficit that must be continually added by borrowing from the Chinese and Japanese EACH AND EVERY QUARTER or THE SYSTEM WILL GO RIGHT BACK INTO COLLAPSE.
How long can this continue?
[snip]
These is a tremendous incentive to be an ant if you live in a climate with a real winter where you have to rely on food you have put away and you have to have a heating source stored up (firewood)
The peoples and tribes who failed this test died off
If you live in a more moderate climate without these challenges the brain doesn't need to develop so much and you can have a "live for today" attitude. No need to plan for the future when you have no winter. Dry seasons can be a challenge to survival that you have to plan for and so can living in the desert. You can find both in the tropics and other places with no winter
I've often suspected that cold is the mother of western civilization and maybe higher IQ's too.
Yeah that would work my stocks like GM, GE, Lehman Bros...etc...come on..the buy and hold theory worked for your grandfather not under the Obama administration...
I hope you are aware that lower earnings increase the PE ratio.
I’ve often suspected that cold is the mother of western civilization and maybe higher IQ’s too. ........
Me too
If you caught an anthropologist 100-125 years ago he would have said non-northern people are “ruled by their passions”. The implication being that northerners are not ruled by passions and emotions but intellect also comes into play
I’ve seen such statements but cannot give you the citations
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