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10-08-2008, 01:35 PM
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#21
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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 Quote:
Originally Posted by cute fuzzy bunny
I think thats it. Not to say we wont still have a few red days, but I think the worst of it is over and things will start turning up before long.
At a minimum, aint it nice to read something positive?  |
God bless you! I'm going 100% equities now.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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10-08-2008, 01:38 PM
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#22
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Did Cramer just say it's armageddon time?
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-08-2008, 01:54 PM
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#23
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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There will be no bottom until the last few minutes stop selling off viciously.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-08-2008, 01:57 PM
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#24
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Recycles dryer sheets
Join Date: Jan 2006
Posts: 189
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Quote:
Originally Posted by unclemick
First Gramatica kicks the potential game winner wide right, then wide left - and the Saint's are the proud owner of the cellar in their league.
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LOL, brings back memories of his 2003-2004 seasons here with the Bucs 
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10-08-2008, 01:59 PM
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#25
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Quote:
Originally Posted by ziggy29
There will be no bottom until the last few minutes stop selling off viciously.
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Razor now says 6,000. Guess we better wait until then before we go 100% equities.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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10-08-2008, 02:03 PM
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#26
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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How'd they do that!?!?!
Markets looking pretty strong on high volume, holding near the highs almost the whole afternoon - everything looking good.
Then boom - last 30 mins - market is just knocked down HARD.
Sure looks suspicious to me!
Audrey
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10-08-2008, 02:04 PM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by Dawg54
Razor now says 6,000. Guess we better wait until then before we go 100% equities.
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Until then, here's a money maker:
1. At 3 PM Eastern time, if the Dow is down more than 200 points, do nothing. Otherwise:
2. Establish a short position on a "total market ETF" at 3 PM.
3. Cover said short position at about 3:58.
4. Rinse. Lather. Repeat.
5. Profit!
Variations could be: if the market is *up* at 3 PM, buy one of those concentrated double-short ETFs and sell at 3:58.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-08-2008, 02:27 PM
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#28
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by audreyh1
How'd they do that!?!?!
Markets looking pretty strong on high volume, holding near the highs almost the whole afternoon - everything looking good.
Then boom - last 30 mins - market is just knocked down HARD.
Sure looks suspicious to me!
Audrey
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Plunge creation team?
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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10-08-2008, 02:30 PM
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#29
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Yeah it definitely looks like there is a (PCT) plunge creation team in operation these days! LOL! Yesterday was spectacular!
Audrey
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10-08-2008, 03:03 PM
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#30
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,490
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given the stellar effect he had on oil prices, the bottom won't be reached till Ziggy sells all equities; sell, Ziggy, sell!
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10-08-2008, 03:11 PM
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#31
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Secretary Paulson did it in his afternoon speech. Until he spoke it was up 100 points and then it fell to the close.
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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10-08-2008, 03:32 PM
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#32
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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Quote:
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[you're not a dirty market timer ...] if there were some mechanical thresholds that kick in when you are a certain percentage out of whack with your target allocation.
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But it's only fair if you decide on those thresholds ahead of time.
I decided not to use thresholds, and just rebalance every Jan 2nd. One nice aspect is that although I started the year at 57% stock, I'm now at about 50%, and the gyrations don't seem quite as important at that level. Don't know if that makes sense, but that's my story, and I'm sticking to it.
__________________
Al
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10-08-2008, 04:06 PM
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#33
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by OAG
Secretary Paulson did it in his afternoon speech. Until he spoke it was up 100 points and then it fell to the close.
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These people really need to learn when to shut up. The markets are telling them that their "reassurances" are NOT helpful...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-08-2008, 05:10 PM
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#34
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Posts: 5,381
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Did some rebalancing today by putting $150 large to work . . .
I have no idea if this is a bottom or not. But one thing I know with absolute certainty is that investing in equities today will produce better returns then investing one year ago when everyone was happy to do it.
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10-08-2008, 05:22 PM
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#35
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Full time employment: Posting here.
Join Date: Oct 2002
Posts: 717
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Quote:
Originally Posted by ziggy29
These people really need to learn when to shut up. The markets are telling them that their "reassurances" are NOT helpful...
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There is some adage that you can't tell how ignorant a person is till he opens his mouth. I personally like knowing that Paulson and Bernanke are as stupid as I suspected. After all, these are the guys spending your money. If they can't instill faith in what they are doing, perhaps you shouldn't be investing as they try to manipulate the market.
__________________
Random Reinforcement is Highly Addictive.
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10-08-2008, 05:45 PM
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#36
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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Quote:
Originally Posted by REWahoo
Sacrifice a virgin?
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Grow garlic?
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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10-08-2008, 05:50 PM
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#37
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Gone but not forgotten
Join Date: Aug 2006
Posts: 6,924
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Quote:
Originally Posted by REWahoo
Sacrifice a virgin?
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Where would you find one ?
__________________
"Knowin' no one nowhere's gonna miss us when we're gone..."
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10-08-2008, 05:52 PM
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#38
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by Khan
Where would you find one ?
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Look for the ugliest girl in the third grade. (Hey, you asked!) 
__________________
Numbers is hard
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10-08-2008, 06:35 PM
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#39
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Good news, I'm a virgin!
Quick, someone rub me down with garlic.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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10-08-2008, 07:07 PM
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#40
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Quote:
Originally Posted by cute fuzzy bunny
Good news, I'm a virgin!
Quick, someone rub me down with garlic. |
I thought you would prefer bacon grease.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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