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Kiplinger says to cash out on Squawk today (10/1)???
10-01-2008, 09:31 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Mar 2007
Posts: 3,323
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Kiplinger says to cash out on Squawk today (10/1)???
Did anyone watch Knight Kiplinger on Squawk Box this morning maybe 8 a.m. CST (10/1)? I caught just the very tail end, and it sounded as if he was saying to get more cash together; but, like I said, I just hear a tiny bit. Anyone catch that? And what did he really say or what was his real message?
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Please consider adopting a rescue animal. So very many need a furr-ever home and someone to love them! And if we all spay/neuter our pets there won't be an overpopulation to put to death.
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10-01-2008, 09:55 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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if this is going to be a real rally then expect all the pro's to scare you out of investing and then once the markets shoot up they will be telling you to get back in
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10-01-2008, 02:26 PM
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#3
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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 Quote:
Originally Posted by al_bundy
if this is going to be a real rally then expect all the pro's to scare you out of investing and then once the markets shoot up they will be telling you to get back in
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Sounds like the very definition of pro.
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10-02-2008, 11:14 AM
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#4
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Recycles dryer sheets
Join Date: Jul 2008
Location: ENE MO - near STL
Posts: 424
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Quote:
Originally Posted by Orchidflower
Did anyone watch Knight Kiplinger on Squawk Box this morning maybe 8 a.m. CST (10/1)? I caught just the very tail end, and it sounded as if he was saying to get more cash together; but, like I said, I just hear a tiny bit. Anyone catch that? And what did he really say or what was his real message?
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Getting cash together and cashing out of the market are two different things. Although it does beg the question of where the average person would get said cash. Borrowing I suppose? 
Sometimes these guys just don't make sense to the average Joe. And most of the time they're just flapping their lips to get air time.
If you try to chase everything you see on CNBC you'll go out of your mind, and will probably go broke.
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10-02-2008, 11:45 AM
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#5
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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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It's the opposite of pump and dump from these guys. Just as "pump and dump" tries to jack up the price of equities so they can sell their long position to other suckers at overheated levels, this is the attitude of professionals with cash who want to buy in at the lowest possible point, so they scare the hell out of everyone into selling to do so.
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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)
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10-02-2008, 11:46 AM
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#6
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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 Gardnr
If you try to chase everything you see on CNBC you'll go out of your mind, and will probably go broke.
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If I watched CNBC I would have blown my brains out months ago.
__________________
"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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10-02-2008, 11:58 AM
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#7
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Dryer sheet aficionado
Join Date: Jul 2008
Posts: 49
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I'm all in today
it's all or nothiiiiiiing!!!!!!!! 
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10-02-2008, 12:01 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 2,360
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Financial Porn
Quote:
Originally Posted by Orchidflower
Did anyone watch Knight Kiplinger on Squawk Box this morning maybe 8 a.m. CST (10/1)?
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No, I didn't.
The 'experts' have no real idea what will happen regarding the macro issues that are currently making Mr. Market so nervous.
My advice is to stop watching financial programs: especially in periods of extreme volatility. The odds are you will only make yourself sick with worry, or you'll make some hasty decisions that you'll later regret.
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"To know what you prefer, instead of humbly saying Amen to what the world tells you you ought to prefer, is to have kept your soul alive". Robert Louis Stevenson, An Inland Voyage (1878)
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10-02-2008, 05:14 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,613
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Quote:
Originally Posted by ziggy29
If I watched CNBC I would have blown my brains out months ago.
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If I watched CNBC, my brain would have crumbled from being constantly whipsawed by conflicting information.
-- Rita
(it's one of the deleted channels on my remote control)
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Only got A dimple, would have preferred 2!
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10-02-2008, 06:15 PM
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#10
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Recycles dryer sheets
Join Date: Dec 2006
Location: Florida
Posts: 249
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I hardly watch any TV (but a roof top antenna is soon to be installed ... did I mention I'm too cheap for cable, satellite?) ... surfing the net is almost as bad.... no offense to this fine forum 
__________________
I've got nothing against an honest day's work, provided that someone else does it.
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10-03-2008, 06:49 AM
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#11
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Thinks s/he gets paid by the post
Join Date: Mar 2007
Posts: 3,323
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I just thought it was somewhat of an extreme opinion, and now I know I am in the majority on that thought. Thanks for the comments.
__________________
Please consider adopting a rescue animal. So very many need a furr-ever home and someone to love them! And if we all spay/neuter our pets there won't be an overpopulation to put to death.
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10-03-2008, 08:08 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Quote:
Originally Posted by ziggy29
If I watched CNBC I would have blown my brains out months ago.
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I watch it just for the minute chance that a severe market drop might cause Becky Quick and Erin Burnette to embrace.
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10-03-2008, 08:44 AM
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#13
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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CNBC is the best during bear markets when everyone is scared. i usually get bored and stop watching during bulls. same with cramer. the show is pretty good now that there is no more screaming to buy everything
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