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Old 10-09-2008, 02:24 PM   #41
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Could be worse. Remember 1929 to 1932?

Prohibition.
Oh God. Those Dudes were tough!

ha
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Old 10-09-2008, 02:25 PM   #42
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True. I just wonder what I'm gonna do when I can't afford beer any longer.
Out of curiosity, is brewing at home, once you know what you're doing and can make a good batch, cheaper than comparable wares?
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Old 10-09-2008, 02:33 PM   #43
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You know, at some point some people are going to look around and say, "You know, Genuine Parts paying a 4.5% dividend, or Pfizer paying 7.0%, or Philip Morris paying 5%, look like a good deal." I don't think any of those companies are going out of business. Even if we aren't buying new cars, we'll need parts to go get our drugs for lung disease from the cigarettes we smoke.
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Old 10-09-2008, 02:34 PM   #44
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Just eyeballing Google finance, looks like the Dow is down 36.24% since Oct 11. Wheeeeeee. and the S&P may settle below 950 by EOD. Double-Wheeeee
I think I just wheeeeed on myself.
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Old 10-09-2008, 02:35 PM   #45
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You know, at some point some people are going to look around and say, "You know, Genuine Parts paying a 4.5% dividend, or Genuine Parts paying 4.5%, or Philip Morris paying 5%, look like a good deal." I don't think any of those companies are going out of business. Even if we aren't buying new cars, we'll need parts to go get our drugs for lung disease from the cigarettes we smoke.
You just had to go into cash ahead of time in order to have the money to jump at these bargains.
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Old 10-09-2008, 02:38 PM   #46
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Why don't we just go down to 100 and start all over again?

(rhetorical question; no need to answer with the specifics on why this wouldn't work.)
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Old 10-09-2008, 02:40 PM   #47
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Why don't we just go down to 100 and start all over again?

(rhetorical question; no need to answer with the specifics on why this wouldn't work.)
At this rate we'll be there before you know it.
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Old 10-09-2008, 02:44 PM   #48
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At this rate we'll be there before you know it.
Oh, I think we'll know it
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Old 10-09-2008, 02:45 PM   #49
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Oh, I think we'll know it
Maybe...
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Old 10-09-2008, 02:46 PM   #50
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Vanguard's website is super slow right now... looking at the DOW right now, I'd say people are probably selling en masse...
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Old 10-09-2008, 02:48 PM   #51
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Just eyeballing Google finance, looks like the Dow is down 36.24% since Oct 11. Wheeeeeee. and the S&P may settle below 950 by EOD. Double-Wheeeee
Ha! 38.45% for the Dow(n). S&P racing towards 900 like it's the finish line.
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Old 10-09-2008, 02:51 PM   #52
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Oh God. Those Dudes were tough!

ha
I'm starting to think one day people will look back at us and think the same thing.
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Old 10-09-2008, 02:51 PM   #53
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Vanguard's website is super slow right now... looking at the DOW right now, I'd say people are probably selling en masse...
WHY?!? So they can sell at a low and rebuy after it's gone up 25% or more
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Old 10-09-2008, 02:52 PM   #54
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WHY?!? So they can sell at a low and rebuy after it's gone up 25% or more
You can't reason with panic.
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Old 10-09-2008, 02:53 PM   #55
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WHY?!? So they can sell at a low and rebuy after it's gone up 25% or more
Logic has no part in panic. People are scared, they want to get out.
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Old 10-09-2008, 02:55 PM   #56
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Out of curiosity, is brewing at home, once you know what you're doing and can make a good batch, cheaper than comparable wares?
Yes. I figure I can make the equal of craft beer or better imports for about $12 to $15 a case, and I am not particularly efficient in my processes.
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Old 10-09-2008, 03:02 PM   #57
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Yes. I figure I can make the equal of craft beer or better imports for about $12 to $15 a case, and I am not particularly efficient in my processes.
I agree with your figure. If you are just after standard brew, like bud or lite beer, you are probably looking at $12-$15 for TWO cases. I think I'll brew some this weekend and name it Broke Beer. It should be ready to drink in 3-4 weeks. I wonder if I will be laughing at this market or crying because I didn't sell when the dow was down "only" 35%.
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Old 10-09-2008, 03:05 PM   #58
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I don't know about the market but I reached crapitulation today...
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Old 10-09-2008, 03:06 PM   #59
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I don't know about the market but I reached crapitulation today...
The good news is that each time it tanks, the less it hurts because I haven't rebalanced yet. And this market has given me no reason to rush that.
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Old 10-09-2008, 03:07 PM   #60
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Need to change the title of the thread, I spoke too soon, DOW down 5500.
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