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11-26-2009, 12:33 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2008
Location: NC
Posts: 21,304
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A selloff tomorrow?
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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11-26-2009, 12:53 PM
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#2
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Moderator Emeritus
Join Date: Dec 2005
Posts: 10,125
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It will be interesting, the Financial Times said that the SP500 equivalents were down 2.2%. And gold almost hit $1200. On the other hand, I haven't seen much mention of it in the US press so I suspect that there might be an impact on Monday as well.
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Angels danced on the day that you were born.
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11-26-2009, 02:05 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jun 2005
Posts: 10,252
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Bloomberg shows world markets down a little more than 3% and US futures down about 2%. I have found that Fridays are kinda squirrelly days when it comes to bad news, so it's hard to project to Monday.
Rather amusing to me is that the Dubai problem is about less than $60 billion of debt and the stock market reaction probably erased many-fold that value. Does that mean that there will be a bounce back in a day or so? Who knows?
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11-26-2009, 02:48 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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Sell everything, buy GOLD. 
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There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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11-26-2009, 04:59 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jul 2006
Posts: 11,401
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TSX was down 200.10 points today so hold on to your horses tomorrow morning. I believe the US markets close at noon tomorrow. Maybe that's a good thing!
What is the World coming to? 
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11-26-2009, 05:11 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jul 2008
Posts: 35,712
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So, their bubble finally burst due to lack of outsized oil profits of the past. A $60B debt... Why is that a big deal?
I have some fresh money, due to having worked recently. Should I plow some into the market? It's less than 1% of existing portfolio, but every bit counts. No?
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"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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11-26-2009, 07:32 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jun 2006
Location: Boise
Posts: 7,882
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"Whee!"
(Who knows, maybe it'll work.)
2Cor521
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"At times the world can seem an unfriendly and sinister place, but believe us when we say there is much more good in it than bad. All you have to do is look hard enough, and what might seem to be a series of unfortunate events, may in fact be the first steps of a journey." Violet Baudelaire.
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11-26-2009, 09:22 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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11-27-2009, 06:14 AM
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#9
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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60 billion here, 60 billion there........what is there to worry about? That is pocket change compared to the numbers being thrown around just a few months ago here. Sweep it under the rug and move on. 
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Retired 3/31/2007@52
Investing style: Full time wuss.
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11-27-2009, 06:53 AM
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#10
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,691
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I watch CNBC for entertainment, almost every analyst has called for a pullback since the dow hit 9000, maybe now they will get their wish, and they can tell everybody how they predicted it.
TJ
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11-27-2009, 07:34 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Jul 2005
Posts: 2,375
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It is said an Eastern monarch once charged his wise men to invent him a sentence, to be ever in view, and which should be true and appropriate in all times and situations. They presented him the words: "And this, too, shall pass away." How much it expresses. How chastening in the hour of pride. How consoling in the depths of affliction. A. Lincoln
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11-27-2009, 07:50 AM
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#12
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Give me a museum and I'll fill it. (Picasso)
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According to this List of countries by foreign exchange reserves - Wikipedia, the free encyclopedia
Saudi Arabia had almost $400Bn in USD foreign currency reserves. If the bankers and Dubai could not come to terms, it would be pretty darned easy for them to "help a brother out." Just sayin'...
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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11-27-2009, 07:59 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Jan 2006
Location: Rio Grande Valley
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 Quote:
Originally Posted by teejayevans
I watch CNBC for entertainment, almost every analyst has called for a pullback since the dow hit 9000, maybe now they will get their wish, and they can tell everybody how they predicted it.
TJ
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It's amazing how much wishful thinking is presented as if it were serious market/economic analysis on CNBC!
Audrey
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11-27-2009, 08:18 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 2,083
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While I am not a fan of CNBC, I don't see how people interpret this as wishful thinking?
Emotionally charged opinions, sure, but I don't see it a wishful thinking.
I have also seen a number of 'experts' on CNBC saying the market will continue north.
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"We do not inherit the earth from our ancestors, we borrow it from our children.
(Ancient Indian Proverb)"
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11-27-2009, 01:07 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
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Well, gold, silver, and copper are down today. I didn't check to see if lead is up (for making bullets!).
There we go again. Everything is down, which means the only thing up is paper money. PAPER MONEY, for crying out loud. That practically grows on trees!
As I mentioned in an earlier post, I had a bit of cash that I wanted to invest. Just put 1/4 of it into a world index fund. Will do the rest in the very near future.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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11-27-2009, 01:08 PM
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#16
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Moderator Emeritus
Join Date: Oct 2007
Location: Portland
Posts: 4,946
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Quote:
Originally Posted by teejayevans
I watch CNBC for entertainment, almost every analyst has called for a pullback since the dow hit 9000, maybe now they will get their wish, and they can tell everybody how they predicted it.
TJ
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And lo! The DOW did pull back, all the way to where it was last Friday! And the people did feast upon turkey, and giblets, and potato, and stuffing, and it was all good.
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11-27-2009, 01:34 PM
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#17
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
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Work has been halted on the artificial islands
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Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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11-27-2009, 04:31 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
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Join Date: May 2004
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Quote:
Originally Posted by brewer12345
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Good point. Maybe Saudis are too worried about their own troubles to think about helping out. The ever-growing list of royals has been putting a hurt on them economically for a long time. The whole tinderbox of their society depends on government handouts, and with oil prices still low, there's a potential for unrest. And their neighborhood isn't getting any friendlier, either. Yemen is a mess, and Iran . . .well.
At least the UAE is trying to diversify their economy. They may lose money and it will undoubtedly be a centrally-planned and inefficient effort, but it does show some willingness to look ahead that some other oil-rich countries have not demonstrated.
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11-27-2009, 04:48 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: North of Montana
Posts: 2,769
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Quote:
Originally Posted by NW-Bound
Well, gold, silver, and copper are down today. I didn't check to see if lead is up (for making bullets!).
There we go again. Everything is down, which means the only thing up is paper money. PAPER MONEY, for crying out loud. That practically grows on trees!
As I mentioned in an earlier post, I had a bit of cash that I wanted to invest. Just put 1/4 of it into a world index fund. Will do the rest in the very near future.
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Sorry, I don't have a sarcasm emoticon. I hoped the one I used would paint a picture.
__________________
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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11-27-2009, 05:15 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
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Quote:
Originally Posted by kumquat
Sorry, I don't have a sarcasm emoticon. I hoped the one I used would paint a picture.
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I did not misunderstand your sarcasm, but only wanted to use your post as a launch pad for my own.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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