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02-23-2009, 01:47 PM
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#21
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Recycles dryer sheets
Join Date: Jan 2009
Posts: 170
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02-23-2009, 02:24 PM
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#22
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,696
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 Quote:
Originally Posted by Bestwifeever
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?
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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
__________________
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.”
― Rudiger Dornbusch
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02-23-2009, 02:33 PM
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#23
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Recycles dryer sheets
Join Date: Jan 2009
Posts: 170
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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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02-23-2009, 02:38 PM
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#24
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 649
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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 
__________________
"There is no dignity quite so impressive, and no independence quite so important, as living within your means." Calvin Coolidge
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02-23-2009, 02:39 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: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by Gpond
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.
__________________
"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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02-23-2009, 02:43 PM
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#26
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Recycles dryer sheets
Join Date: Jan 2009
Posts: 170
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Quote:
Originally Posted by ziggy29
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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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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02-23-2009, 02:48 PM
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#27
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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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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02-23-2009, 03:00 PM
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#28
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Recycles dryer sheets
Join Date: Jan 2009
Posts: 170
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02-23-2009, 03:03 PM
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#29
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Full time employment: Posting here.
Join Date: Jul 2008
Posts: 622
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I'm gonna hold out until Ziggy starts buying gold or sells his index funds.
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02-23-2009, 03:05 PM
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#30
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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 Frugality_of_Apathy
I'm gonna hold out until Ziggy starts buying gold or sells his index funds.
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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%).
__________________
"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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02-23-2009, 03:05 PM
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#31
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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: 9,071
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Quote:
Originally Posted by Moemg
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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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? 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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02-23-2009, 03:15 PM
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#32
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,696
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Quote:
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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.
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PIMCO - IO September 2002
Bill Gross took a lot of crap for this, but he must be feeling a bit revindicated...
__________________
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.”
― Rudiger Dornbusch
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02-23-2009, 03:15 PM
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#33
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,498
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 <~~ 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!
__________________
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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02-23-2009, 03:15 PM
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#34
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Recycles dryer sheets
Join Date: Jun 2004
Posts: 168
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Big Panic day we have over 220 posters on FIRE and money. Hey MichaelB can you send me the dregs?
__________________
Of all tyrannies a tyranny sincerely exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies, The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for own good will torment us without end, for they do so with the approval of their own conscience.
C.S. Lewis
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02-23-2009, 03:22 PM
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#35
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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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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02-23-2009, 03:22 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: Dec 2006
Location: Collin County, TX
Posts: 9,296
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__________________
There's no need to complicate, our time is short..
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02-23-2009, 03:23 PM
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#37
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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: 9,071
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__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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02-23-2009, 03:24 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: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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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?
__________________
"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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02-23-2009, 03:30 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 2006
Location: Collin County, TX
Posts: 9,296
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Shhh....I'm trying to remember..... 
__________________
There's no need to complicate, our time is short..
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02-23-2009, 03:37 PM
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#40
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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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...
DD
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