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Old 05-24-2010, 04:09 PM   #261
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Eh, do not jinx it!
Just on the search for some buying opportunities.

And ridiculing those who make ridiculous predictions. All good natured ribbing in the name of fun of course!
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Old 05-24-2010, 04:29 PM   #262
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Escalating conflict in Korea is all gonna be in good fun too

U.S. backs South Korea in punishing North - North Korea- msnbc.com

Never mind the fact that unemployment is going up and wages are declining...

All these unemployed young people are gonna be needed for WWIII
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Old 05-24-2010, 04:30 PM   #263
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Fuego, too bad you have not talked your SIL into playing this game of ours on Wall St. instead of that silly card game she got hooked on. It will teach her a bit of delayed gratification as, even with day trading, a trade usually takes longer than those few seconds to deal a hand. I can't see how she would lose more money that she already did. And margin loans do not carry as high an interest rate as what those loan sharks charged. And she would be home at night, as the market does not run 24 hrs.
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Old 05-25-2010, 07:37 AM   #264
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Looks like it's gonna be one of those days today....

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Old 05-25-2010, 08:08 AM   #265
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Never mind the fact that unemployment is going up and wages are declining...
Dude, you need a dedicated fact checker . . .


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All these unemployed young people are gonna be needed for WWIII
And some serious antidepressants.
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Old 05-25-2010, 08:44 AM   #266
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dogs and cats living together
Yes, I've noticed a lot of this lately:

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Old 05-25-2010, 08:50 AM   #267
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Looks like it's gonna be one of those days today....


Time to turn the TV off. Ouch, this is painful.
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Old 05-25-2010, 09:16 AM   #268
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Time to change the name of this thread
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Old 05-25-2010, 09:43 AM   #269
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Fuego, too bad you have not talked your SIL into playing this game of ours on Wall St. instead of that silly card game she got hooked on. It will teach her a bit of delayed gratification as, even with day trading, a trade usually takes longer than those few seconds to deal a hand. I can't see how she would lose more money that she already did. And margin loans do not carry as high an interest rate as what those loan sharks charged. And she would be home at night, as the market does not run 24 hrs.
She has asked about investing in the stock market. Around 2007. And Google was her stock of choice. Back when it was over 700 per share. She would never do anything that crazy right now, like buy stocks at 40% cheaper prices. She might lose money that way.
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Old 05-25-2010, 09:47 AM   #270
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She has asked about investing in the stock market. Around 2007. And Google was her stock of choice. Back when it was over 700 per share. She would never do anything that crazy right now, like buy stocks at 40% cheaper prices. She might lose money that way.

I take if if you SIL would invest, she'd definitely be a market timer
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Old 05-25-2010, 09:57 AM   #271
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I take if if you SIL would invest, she'd definitely be a market timer
You sounded like all market timers are losers.

Don't some win big and retire early?

(I wasn't one, but then I am not smart. )
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Old 05-25-2010, 09:58 AM   #272
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I take if if you SIL would invest, she'd definitely be a market timer
Certainly. I suggested a broad index fund/ETF or mixed asset allocation fund at the time, and that was the last I heard of it. I don't think 8-10% returns per year over the course of decade(s) meets her investment objectives. And there is no element of gambling in the buy-and-hold strategy.
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Old 05-25-2010, 10:00 AM   #273
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Don't some win big and retire early?
Yep, just like some poker players...
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Old 05-25-2010, 10:04 AM   #274
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Well, we are down to four trading days left this month. Still a loooooong way to go to get to 8500. Maybe we will see a drop of 400 points a day for the remaining four days. It COULD happen... (snip)
You had to say it, didn't you?
Dow at 9845 as I write.
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Old 05-25-2010, 10:05 AM   #275
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Yep, just like some poker players...
Of course somebody is collecting stacks of moola from Fuego's SIL.

It all comes down to this.

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Old 05-25-2010, 10:06 AM   #276
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You sounded like all market timers are losers.

Don't some win big and retire early?

(I wasn't one, but then I am not smart. )
Didn't imply all are losers. I'm sure some have "hit the big one" timing the market. But studies have shown that overall trying to time the market is a losing strategy.

http://www.investopedia.com/articles...ket_timing.asp
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Old 05-25-2010, 10:08 AM   #277
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You had to say it, didn't you?
Dow at 9845 as I write.
We are still 1345 points away from Stevie's projection. That's a drop of about 450 points a day over the next three days. It COULD happen...

In the meantime, this is a great buying opportunity. You guys still have plenty of dry powder, right?
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Old 05-25-2010, 10:51 AM   #278
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With my ER starting Saturday, I am putting 100% of my last paychecks and severance into my 401(k). SO, I am hoping the market remains "down," or goes further down as I am buying. Only later, when I am selling to pay for future expenses, do I hope that the funds I am buying today are much highrer.
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Old 05-25-2010, 10:57 AM   #279
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....

In the meantime, this is a great buying opportunity. You guys still have plenty of dry powder, right?
Are those knife cuts on my hands?
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Old 05-25-2010, 11:33 AM   #280
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With my ER starting Saturday, I am putting 100% of my last paychecks and severance into my 401(k). SO, I am hoping the market remains "down," or goes further down as I am buying. Only later, when I am selling to pay for future expenses, do I hope that the funds I am buying today are much highrer.
I don't understand how you can do that. I could only put 20% per paycheck up to a government mandated maximum. (~$25k).
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