Prediction for tomorrow

[BigMoneyJim]

Dive! Dive! Go lower! Yay!

(Payday along with my automatic contribution is Monday)

[rs0460a]

It's "interesting" to see these "short term" comments on the current market "gyrations".

For those that haven’t seen the article, go to:

http://news.morningstar.com/article/...rmat=pfarticle

In it, Sue Stevens talks about the idea of the "cash pool":

"Set up a cash pool that will cover 2-5 years' worth of expenses. Take your regular distributions from this pool and periodically fill it up"

That being the case, my current plan has 2.5-3 years of short-term cash, which will (in most cases) avoid the "necessity" to draw out of my 60/40 mix.* Of course, I'll "refill the bucket" from the equity/bond side on up years, to maintain my pool.

These short-term gyrations won't mean as much to me (in retirement) when I execute my plan.

- Ron

[REWahoo]

Originally Posted by rs0460a

For those that haven’t seen the article, go to:

http//news.morningstar.com/article/pfarticle.asp?id=162327&format=pfarticle

Ron, do you expect us to take seriously any information contained in a link with this URL?

[Nords]

Originally Posted by wab

Your MOVI pick is starting to look a little better today too.*

Daily share volume for the last few months has been around 300,000. Today it was nearly 40 million. The stock finished up 51%, although we should keep in mind that's after falling over 90% in the last year. So a dollar dropped to a dime and then added a nickel.

MOVI is talking a deal with Blockbuster, even though they're still suffering from the digestion of Hollywood Video. Meanwhile Netflix is only about 10% short of an all-time high.

Would that be like all the buggywhip makers consolidating against Henry Ford?

[wabmester]

Originally Posted by Nords

MOVI is talking a deal with Blockbuster, even though they're still suffering from the digestion of Hollywood Video.* Meanwhile Netflix is only about 10% short of an all-time high.

Would that be like all the buggywhip makers consolidating against Henry Ford?

I don't know about the buggywhip analogy.* *They're all in the video rental biz.* *They all have the same operating margins.* *The main difference is that MOVI has an eye-popping price/sales ratio of 0.08 and a market cap rougly equal to their cash on hand.

Those numbers look good to me.* * But I'll admit that I don't much about stock picking.* *I'll defer to the guy who bought NT because it's run by a submariner.*

[Nords]

Originally Posted by wab

Those numbers look good to me.* * But I'll admit that I don't much about stock picking.* *I'll defer to the guy who bought NT because it's run by a submariner.*

I'm trying to emulate Buffett. Remember how he bought World Book for its encyclopedia monopoly about six months before Microsoft released the Encarta CD-ROM?

So far the quantity of my stock-market learning has been directly proportional to my losses. MOVI has taught me far more than NT!

[audreyh1]

Originally Posted by audreyh1

Hey, the market is having a good ol' selloff today!!

Can't I still get credit for my "sell on the news" prediction?

So it took a few hours for everyone to react!

Audrey

OK - now this really has been a WHALE of a selloff event! A whole WEEK of selling - wow!

And looks like it hasn't finished yet?.......

Audrey