If this continues much longer we will no longer be suitable objects of derision from the cash crowd. And gallows humor will seem quaint. But perhaps I should wait a while...
Ha
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Another 10 of these and I'll be able to reduce my AA to a more comfortable 50/50...
__________________ "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)
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 11,355
Quote:
Originally Posted by Gotadimple
HaHa:
Shhhh . . . I still have a ways to go to get back to 11/21/08 levels.
-- Rita
Well for your sake as well as the rest of us, I hope we are seeing the start of a good long rally. I did an appeasment dance when I typed this, so don't worry about annoying the market gods.
I am about even with year end '08, but down from some of the January '09 closes. And still way down from October 2007. Unless portfolios track the same benchmark, the timing will be different. I notice something when I look over different accounts. I manage non-tax-deferred accounts for equity income. These are down way less than my tax deferred accounts, which I try to manage for total return. Also I have more oil and gas in my outside accounts, and in this sector I was able to do some early 2008 selling, and year end buying. This helped lessened my losses to date.
ha
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“I’ve had a perfectly wonderful evening. But this wasn’t it.”-Groucho
Can we please just hope this means we hit bottom? I can handle a slow recovery, it was the sickening drops to new lows every month that was killing me.
Man, this is some painful news. I was hoping for 7-10 years of high equity risk premiums and low P/E ratios. All of this optimism is ruining everything. Don't you guys know equities are dead and you have to be a fool to be buying stocks right now. The freakin market is down 50%!!!! This is just a dead cat bounce. A bear market bull fake, or what have you. Now is the time to get out before we see Dow 6000 for real! You heard it here first folks.
However I did like watching my triple leveraged financial ETF go up 41% today. Cha-ching. It feels like 1999 again!
Location: Virginia, and Caribbean snowbirds in winter
Posts: 1,275
I called the bottom for you guys a couple of weeks ago. I also called close to the top a year or so ago. I myself did not take advantage of these calls, since I'm out of equities and am clueless, thus placing me on an equal basis with many wall street analysts. Besides, if I had followed my own calls the market would have gone the other way.
I do not even think of those levels . They were a brief fantasy .
I don't know if it's *pure* fantasy, but at this point I'm inclined to echo what was stated above -- I don't expect to get most of it back in the near future -- I just hope the long, painful water torture is subsidizing and we at least might have something resembling a floor...
__________________ "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)
Another 10 of these and I'll be able to reduce my AA to a more comfortable 50/50...
Ten more days like this is all I ask for! Well, that and maintaining at or above that level for the infinite future.
__________________ "Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harborless immensities." - - H. Melville, 1851
I called the bottom for you guys a couple of weeks ago. A sign of a bottom
What! I called that bottom. Look at the same thread, post #14. Then check the daily closing prices for the S&P for that day (3/9). No insinuations, hidden meanings, no "could be" or "might be". No multiple posts every day. No. Just one short, simple, single unambiguous post indicating the "bear bottom". Please, give credit where it is due.
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Advice from a stranger using a pseudonym with an avatar.
I'm feeling VERY cautiously optimistic. Not only have the markets done well, but both my main home and rental have actually shown modest gains for the first time in ages based upon my research (comps, zillow, etc.)
Last night my DH said he has a feeling things are starting to get better and he thinks we will see more solid signs of this by summer. He's not a financial type but does read the papers, watch the news and often has a sense about trends.
What! I called that bottom. Look at the same thread, post #14. Then check the daily closing prices for the S&P for that day (3/9). No insinuations, hidden meanings, no "could be" or "might be". No multiple posts every day. No. Just one short, simple, single unambiguous post indicating the "bear bottom". Please, give credit where it is due.
Dueling bottom callers! Too much of a good thing? I think not!
Location: Virginia, and Caribbean snowbirds in winter
Posts: 1,275
Quote:
Originally Posted by MichaelB
What! I called that bottom. Look at the same thread, post #14. Then check the daily closing prices for the S&P for that day (3/9). No insinuations, hidden meanings, no "could be" or "might be". No multiple posts every day. No. Just one short, simple, single unambiguous post indicating the "bear bottom". Please, give credit where it is due.
OK, so you coud have, or might have, called the bottom. OTOH ... OK, you da man.... maybe
__________________ When the wind changes, change tacks. The Retiree Formerly Known as SoonToRetire (TRFKASTR)
What! I called that bottom. Look at the same thread, post #14. Then check the daily closing prices for the S&P for that day (3/9). No insinuations, hidden meanings, no "could be" or "might be". No multiple posts every day. No. Just one short, simple, single unambiguous post indicating the "bear bottom". Please, give credit where it is due.
OK you got some credit. Were you also smart enough to get out at the top?
497.48 (6.84%)
Quote:
But, at least a step in the right direction.
Well, that and maintaining at or above that level for the infinite future. 
Look at the same thread, post #14. Then check the daily closing prices for the S&P for that day (3/9).
No insinuations, hidden meanings, no "could be" or "might be". No multiple posts every day. No. Just one short, simple, single unambiguous post indicating the "bear bottom". Please, give credit where it is due. 
Linear Mode
