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Old 02-23-2009, 02:47 PM   #21
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Old 02-23-2009, 03:24 PM   #22
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Uh, oh--it's ultimate economy wrestling! In this corner, the Zigmeister with his USO win tucked firmly beneath the belt, faces off against newcomer MichaelB, who refuses to capitulate against all odds! Will they both take one for the team?
Still, I can't help but worry that Ziggy is getting out of the way just in time and it may turn out more like this
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Old 02-23-2009, 03:33 PM   #23
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Listening to Ray Lucia.

"Thank goodness we are bucketized".

Major indexes are back to 1997 levels. What will the spin be if they go back to 1994 levels? His the market is never down any 15 year period.
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Old 02-23-2009, 03:38 PM   #24
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Good ol' Ziggy! Takin' one for the team

I'd log on to my account and start buying, but I'm afraid to see the balance on the stock side of my portfolio
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Old 02-23-2009, 03:39 PM   #25
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Major indexes are back to 1997 levels. What will the spin be if they go back to 1994 levels? His the market is never down any 15 year period.
I guess the Buckets 1 and 2 would have to get larger, like 20 years. And God help us if it becomes more than 20.
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Old 02-23-2009, 03:43 PM   #26
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I guess the Buckets 1 and 2 would have to get larger, like 20 years. And God help us if it becomes more than 20.
He spent the whole three hours giving stats on if you are out of the market for a week when the market recoveries you will lose 18%.

Thank goodness I can't listen to him in Saudi.
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Old 02-23-2009, 03:48 PM   #27
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I decided to also help the recovery effort . I sold my AIG stock . I only had a small amount but I felt like I had to sell something because my psych has definitely had enough .
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Old 02-23-2009, 04:00 PM   #28
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The last financial stock I have left:

J.P. Morgan Chase cuts dividend 86% in bid to defend capital base


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Old 02-23-2009, 04:03 PM   #29
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I'm gonna hold out until Ziggy starts buying gold or sells his index funds.
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Old 02-23-2009, 04:05 PM   #30
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I'm gonna hold out until Ziggy starts buying gold or sells his index funds.
True. This is only a baby step affecting new contributions. But I do have a little bit of gold, but no more than my usual AA for gold miners (3-5%).
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Old 02-23-2009, 04:05 PM   #31
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I decided to also help the recovery effort . I sold my AIG stock . I only had a small amount but I felt like I had to sell something because my psych has definitely had enough .
Enough left to buy coffee for 2009? Looks like we are headed right down the toilet. DOW 6,000 not only a possibility, just a matter of when. By the end of the week? What then.......DOW 3,000?
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Old 02-23-2009, 04:15 PM   #32
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Enough left to buy coffee for 2009? Looks like we are headed right down the toilet. DOW 6,000 not only a possibility, just a matter of when. By the end of the week? What then.......DOW 3,000?
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My message is as follows: stocks stink and will continue to do so until they're priced appropriately, probably somewhere around Dow 5,000, S&P 650, or NASDAQ God knows where.
PIMCO - IO September 2002

Bill Gross took a lot of crap for this, but he must be feeling a bit revindicated...
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Old 02-23-2009, 04:15 PM   #33
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Enough left to buy coffee for 2009? Looks like we are headed right down the toilet. DOW 6,000 not only a possibility, just a matter of when. By the end of the week? What then.......DOW 3,000?
<~~ sorry to be a copycat!

Checking how the market did today was like getting the air knocked out of me by a kick in the stomach. Let's hope that Ziggy is right, and the market will begin a strong recovery shortly!

- - W2R, briefly checking in from a vacation to our tentative ER location in southwestern Missouri - - but I won't let the market spoil our fun!
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Old 02-23-2009, 04:15 PM   #34
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Big Panic day we have over 220 posters on FIRE and money. Hey MichaelB can you send me the dregs?
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Old 02-23-2009, 04:22 PM   #35
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Enough left to buy coffee for 2009? Looks like we are headed right down the toilet. DOW 6,000 not only a possibility, just a matter of when. By the end of the week? What then.......DOW 3,000?
I am ready to take it down to DOW 4,000. If we go below that level, I'll be so disgusted that I'll pull a "Ziggy" and stop putting any new money in the stock market (maybe forever?).
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Old 02-23-2009, 04:22 PM   #36
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Old 02-23-2009, 04:23 PM   #37
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<~~ sorry to be a copycat!
No problem, my patent expired.
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Old 02-23-2009, 04:24 PM   #38
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Suddenly, those attitudes about money we remember hearing from those old curmudgeons who lived through the 1930s don't seem as quaint, bizarre and antiquated any more, do they?
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Old 02-23-2009, 04:30 PM   #39
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Shhh....I'm trying to remember.....
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Old 02-23-2009, 04:37 PM   #40
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Damn it I missed the memo. Bought a whole bunch today. And to think I was PO'd that I didn't get to buy friday.

In the voice of Elmer Fudd: This wide is getting scawwy...

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