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10-28-2011, 10:09 AM
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#41
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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 haha
Yesterday I was siting ouside on the west side of an espresso shop enjoying the sun. There was a homeless guy sitting at a table next to me with an old fashioned boom box.
He was listening to some market/finance guru. 
Ha |
Let us know when he starts offering you stock tips so we can sell/short.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-28-2011, 10:21 AM
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#42
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Maybe he's a financial advisor?
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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10-28-2011, 10:58 AM
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#43
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,809
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Quote:
Originally Posted by haha
Yesterday I was siting ouside on the west side of an espresso shop enjoying the sun. There was a homeless guy sitting at a table next to me with an old fashioned boom box.
He was listening to some market/finance guru.
Ha |
Could be a rich hoarder -- one of those 1% guys, you never really know. 
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10-28-2011, 11:30 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: Apr 2003
Location: Hooverville
Posts: 22,983
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You are right, I remember reading about some old guy about 20 years ago who was working in a dry cleaning shop and living in a room more of less under the GW bridge aproach, on the NY side. When he died he was worth $5 million.
I should not judge a book by its cover, or the depth of a well by the length of the handle on its pump.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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10-28-2011, 12:00 PM
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#45
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
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The rally in stocks is due to the failure of bonds to be a better investment, or at least that is my best attempt to translate from marketspeak a conclusion of Michael Gayed's article The "Fall Melt-Up" Rally is On, where he brags about predicting the rally back on Oct. 3.
__________________
Greg (retired in 2010 at age 68, state pension)
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10-28-2011, 12:03 PM
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#46
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,558
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Yeah, I don't really know about the Dow prediction either 
I do think that we will eventually have to start building houses again, and that will be a very good thing for a lot of people.
Quote:
Originally Posted by brewer12345
Dunno about the Dow prediction, but I have thought for some time that it would take until 2013 to 2015 for housing to work through its mess and the economy to regain full footing.
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10-28-2011, 04:44 PM
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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: Oct 2006
Posts: 7,733
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Quote:
Originally Posted by brewer12345
Dunno about the Dow prediction, but I have thought for some time that it would take until 2013 to 2015 for housing to work through its mess and the economy to regain full footing.
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2013, if politicians stop helping the housing market. 2015, if they continue making dumb proposals.
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10-28-2011, 04:49 PM
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#48
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Full time employment: Posting here.
Join Date: Apr 2011
Posts: 625
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Quote:
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Originally Posted by clifp
2013, if politicians stop helping the housing market. 2015, if they continue making dumb proposals.
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There's too much shadow inventory, not to mention baby boomers retiring and selling to downsize. I'd push the former back by at least a year, and the latter by two. But your point is well taken, the interventions to improve the housing market will only kick the can down the road and prolong the recovery.
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10-28-2011, 11:07 PM
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#49
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
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In that case, put me down for S&P 500 below 600 by May 15, 2012!
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10-29-2011, 11:36 AM
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#50
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
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Quote:
Originally Posted by W2R
Well, we shall see. I can hardly wait until the US markets open. Even though I'm pretty much a buy-hold-rebalance type, I still think it's exciting to watch and try to guess what will happen next.
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Ah, yes, buy-hold-rebalance and don't forget to enjoy those dividends.
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10-29-2011, 12:10 PM
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#51
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Isn't the P/E still pretty sane for the S&P, despite the recent gains?
Don't listen to me, though, I kept forgetting to re-invest DW's SEP IRA money (~12k) and then put in market orders on Friday without looking.  Market timing is not for me!
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10-29-2011, 01:31 PM
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#52
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,245
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I time the market constantly. I buy stocks if they go up. If they don't go up I don't buy them. What could be simpler?
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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10-29-2011, 01:33 PM
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#53
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
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Quote:
Originally Posted by Chuckanut
I time the market constantly. I buy stocks if they go up. If they don't go up I don't buy them. What could be simpler?
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Yuck, yuck.  , .
__________________
Greg (retired in 2010 at age 68, state pension)
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10-29-2011, 01:59 PM
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#54
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,498
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Quote:
Originally Posted by ripper1
Ah, yes, buy-hold-rebalance and don't forget to enjoy those dividends.
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I do, I do! That's what I live on, for the most part.
__________________
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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