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07-29-2008, 10:55 AM
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#41
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Recycles dryer sheets
Join Date: Jan 2008
Posts: 325
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 Quote:
Originally Posted by Art G
Well sometimes the guy makes sense. If he and I say it, it must be true.
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What TV show are you on?
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07-29-2008, 11:00 AM
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#42
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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BTW, I feel like I'm talking to a group of penny stock traders here. I'm trying to explain the evils of hedge funds, and the response is, "yeah, but look at annuities!" 
It's like years ago when I tried to explain to penny stock traders that the CEO's were stealing from them, and their response was, "yeah, but what about naked shorting"! The two have nothing to do with one another, but yet people use this argument for some reason. It's like A+B=2C X 4Y + the hypotenuse of the square root.
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07-29-2008, 11:01 AM
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#43
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Quote:
Originally Posted by Abreutime
What TV show are you on?
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Captain Kangaroo. I was Mr. Greenjeans.
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07-29-2008, 11:03 AM
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#44
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by Abreutime
What TV show are you on?
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"Jackass"
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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07-29-2008, 11:18 AM
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#45
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Speak of the devil.
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07-29-2008, 11:43 AM
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#46
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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Quote:
Originally Posted by Art G
Sorry, but you couldn't be more wrong. If you are invested in the market, in all likelihood you are getting screwed over by a large hedge fund, and they're not even coming to your door to sell you anything. At least with the annuity, you have a 10 day free look period.
Here's in a nutshell, the hedge fund is totally and without regard looking to make money via inappropriate means, they only help those who are invested in them, while costing many others. They are using a small loophole in the system in order to manipulate a rule created to help the market to run more efficiently.
The annuity has added insurance fees that may or may not work to your benefit, but can give you peace of mind in down markets, and give your loved ones some security.
Yeah, I can see how they're similar.
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Well then, I'm pulling all my money out of the market and buying annuities.
FD, funny but I could eat out every night with the amount of cards I get about free dinners. Now that Art clued me in about hedge funds ripping me off I can find out all about annuities.
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07-29-2008, 11:49 AM
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#47
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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07-29-2008, 11:52 AM
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#48
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Quote:
Originally Posted by 73ss454
Well then, I'm pulling all my money out of the market and buying annuities.
FD, funny but I could eat out every night with the amount of cards I get about free dinners. Now that Art clued me in about hedge funds ripping me off I can find out all about annuities.
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No! Pay attention! You should be buying hedge funds! Sheesh!
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07-29-2008, 11:54 AM
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#49
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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OK, no annuities, buy hedge funds. I got it now, I just need to get me money out of vanguard and find a broker.
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07-29-2008, 11:57 AM
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#50
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Quote:
Originally Posted by 73ss454
OK, no annuities, buy hedge funds. I got it now, I just need to get me money out of vanguard and find a broker.
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Art G will help you............. 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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07-29-2008, 11:59 AM
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#51
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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Ya think!
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07-29-2008, 11:59 AM
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#52
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Oh yeah, and you're probably gonna need at least $10MM to get with the right hedge fund.
Of course you're probably much happier losing money this year with Vanguard. Hey! At least the expenses are low!
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07-29-2008, 12:00 PM
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#53
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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No, no I wouldn't. I'm used to people I can reason with.
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07-29-2008, 12:01 PM
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#54
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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Not me Art, I have a friend at a hedge fund.
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07-29-2008, 12:02 PM
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#55
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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Quote:
Originally Posted by Art G
No, no I wouldn't. I'm used to people I can reason with.
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No Art, your used to people who aren't paying attention.
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07-29-2008, 12:08 PM
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#56
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Quote:
Originally Posted by 73ss454
No Art, your used to people who aren't paying attention.
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Really? So you've been contacting people? Or are you basing your opinions on guesses without facts. We have a name for people like that.
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07-29-2008, 12:08 PM
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#57
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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Quote:
Originally Posted by 73ss454
Not me Art, I have a friend at a hedge fund.
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And THAT would explain a lot!
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07-29-2008, 12:10 PM
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#58
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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I don't have to speak to anyone. I know what your all about by your posts.
I'm sure we both have names for each other.
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07-29-2008, 12:10 PM
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#59
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Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 2,713
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I really wouldn't care about hedge funds if it were possible for them to stay in their hedge-fund sandbox.
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07-29-2008, 01:14 PM
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#60
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,558
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I agree that naked shorting shouldn't be allowed.
The uptick rule is a separate issue, though. I don't see any real reason that you should be required to wait until the price goes up a little to short a stock. Do we require people to wait for the price to go down a little to buy it?
Quote:
Originally Posted by Art G
Hamlet, I believe you're confusing the issue of shorting a stock vs. naked shorting a stock. The problem isn't with the shorting, it's with the lack or rules for hedge funds. Let's look at the other side, assume for a second they could buy a stock without ever having to pay for it. Don't you think the share price would rise? Would this distress you at all?
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