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Here comes the recovery...
Old 02-23-2009, 12:44 PM   #1
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Here comes the recovery...

Off the heels of my prescient USO play last year:

I, ziggy29, growing increasingly intolerant of feeling like he's throwing good money after bad in the name of "buying low" only to see things go lower, solemnly swear to NOT buy any more stocks or stock mutual funds with remaining 401K or IRA contributions to be made for the rest of 2009.

HEREBY entered into on this date, February 23, 2009, when the Dow is at 7228 and the S&P 500 at 754.
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"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)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
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Old 02-23-2009, 12:53 PM   #2
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Thanks Ziggy, I sure hope it works!

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Old 02-23-2009, 01:04 PM   #3
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Wow! Thanks for that! If I had some spare cash I would be all in.

We were in your neck of the woods this weekend, and I've never seen it so dry. We have had no rain to speak of since September where we live, and it's dry, but not crazy dry like yall are.
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Old 02-23-2009, 01:14 PM   #4
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We're counting on your voices, Ziggy!
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Old 02-23-2009, 01:30 PM   #5
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Cool. I guess that is pretty close to capitulation.
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Old 02-23-2009, 01:33 PM   #6
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Thanks for your sacrifice Ziggy. Hopefully the markets gods won't need many more sacrifices before turning things around!
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Old 02-23-2009, 01:41 PM   #7
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Sorry to ruin your day, folks, but this is not the end. I started buying on friday - that means a lot more market decline is ahead...

I really am sorry , but at least Ziggy will feel better
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Old 02-23-2009, 01:42 PM   #8
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Oh thank you!! I was just telling DW how things just keep getting worse and worse, but now I feel much better. No one can call (or should I say cause?) a market top or bottom quite like Ziggy.
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Old 02-23-2009, 01:44 PM   #9
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Sorry to ruin your day, folks, but this is not the end. I started buying on friday - that means a lot more market decline is ahead...
Is this some matter-antimatter collision problem? Or like strapping a buttered-side-up piece of bread to the back of a cat? An immovable object against an irresistable force?
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"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)

RIP to Reemy, my avatar dog (2003 - 9/16/2017)
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Old 02-23-2009, 01:49 PM   #10
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Maybe we can get Buffet to write another Op Ed "I'm buying U.S. stocks, you should too". 3rd time is the charm?
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Old 02-23-2009, 01:56 PM   #11
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Ziggy, thank you for finally copulating capitulating, and in public, too....
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Old 02-23-2009, 02:07 PM   #12
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Paul Vocker says U.S. capitalism model has failed.

I.E. SHTF.

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Old 02-23-2009, 02:19 PM   #13
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"When the time comes to buy, you won't want to!"
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Old 02-23-2009, 02:22 PM   #14
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"When the time comes to buy, you won't want to!"
You work for CNBC?
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Old 02-23-2009, 02:25 PM   #15
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It's a famous saying from ages ago. I'm not sure who first said it.
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Old 02-23-2009, 02:30 PM   #16
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Is this some matter-antimatter collision problem? Or like strapping a buttered-side-up piece of bread to the back of a cat? An immovable object against an irresistable force?
Mr. Ziggy sir, I would never challenge a person of your stature (oh great and powerful oz?). Please forgive my presumptuousness. This is not a contest I wish to win - I hope you're right.
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Old 02-23-2009, 02:30 PM   #17
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It's a famous saying from ages ago. I'm not sure who first said it.
I come here to get away from the cheesy sayings.

"Buying opportunity of our lifetimes".

"You can't time the market".

"Market climbs a wall of worry".

It is amazing how CNBC can spin anything positive. Market down 18% for the year. Stocks are bigger bargains. 6 months from now you will be kicking yourself for not buying today.
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Old 02-23-2009, 02:38 PM   #18
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Whatever. "When the time comes to buy because there is blood in the streets, and it's obviously a buying opportunity of a lifetime, we can time the market and climb a wall of worry, since stocks are bigger bargains and, though you won't want to buy, 6 months from now you will be kicking yourself for not buying today!"
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Old 02-23-2009, 02:40 PM   #19
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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?

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Old 02-23-2009, 02:45 PM   #20
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Thanks, Zig, that's as good a buy signal as any. I'm gonna run it thru the ole ouija test.
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