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Time to Acknowledge the Doom & Gloomers?
10-23-2008, 11:06 AM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 5,548
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Do we need to take a moment to acknowledge the doom and gloomers who we generally ridiculed over the last year or two?
For example, this post from NewGuy88 last March:
I know I know doom and gloom newguy, But things really are about to hit the fan in a big ugly way.
__________________
- Al -- Always serious, never joking. No, wait. Never serious... Always... I forget.
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10-23-2008, 11:08 AM
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#2
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Administrator
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 16,478
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 Quote:
Originally Posted by TromboneAl
Do we need to take a moment to acknowledge the doom and gloomers who we generally ridiculed over the last year or two?
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No.
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Numbers is hard...
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10-23-2008, 11:11 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: DFW
Posts: 6,334
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Even a broken clock...
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Have Funds, Will Retire
"...but do feel free to assert your duly noted opinion on this subject again without benefit of reference or provision of additional information..."
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10-23-2008, 11:41 AM
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#4
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Thinks s/he gets paid by the post
Join Date: Dec 2006
Location: Lone Star State
Posts: 4,377
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Quote:
Originally Posted by HFWR
Even a broken clock...
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Exactly.
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......ibyoig......
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10-23-2008, 01:26 PM
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#5
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Moderator Emeritus
Join Date: Feb 2004
Location: Oahu
Posts: 17,531
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Quote:
Originally Posted by TromboneAl
Do we need to take a moment to acknowledge the doom and gloomers who we generally ridiculed over the last year or two?
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He earned every bit of ridicule he got, and he worked really hard for it too. In his breathless notoriety dubious distinction we should rename it the "Newguy Soapbox and Headline News".
I'll acknowledge the doom & gloomers as much as I'll acknowledge the Pollyannas or the conspiracy theorists or the one-asset investors or any of the other one-note wonders that frequent this board...
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For more info see "About Me" in my profile.
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10-23-2008, 11:08 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: Aug 2006
Posts: 9,174
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__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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10-23-2008, 02:03 PM
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#7
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Recycles dryer sheets
Join Date: May 2007
Location: Edmonton
Posts: 197
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BTW, Dow 8000?? That's pretty funny......... 
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......
Care to revise your estimate 
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it's the journey that matters
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10-23-2008, 11:10 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jul 2008
Posts: 2,059
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Yeah, that's it. Let's all throw in the towels. The sooner, the better. Isn't that called capitulation?
Then, next week we can all buy back our stocks, and live happily, well not forever, but till the end of our life. I am in.
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10-23-2008, 11:51 AM
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#9
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Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: 43N Latitude, NY
Posts: 4,635
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Quote:
Originally Posted by NW-Bound
Yeah, that's it. Let's all throw in the towels.
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actually, i would like to take a towel, dampen it, twirl it between my hands and THWACK the derrieres  of those panicking...i'm in for the long haul!
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Freebird
"Happiness depends upon ourselves." - Aristotle
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10-23-2008, 11:54 AM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 9,174
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Quote:
Originally Posted by freebird5825
actually, i would like to take a towel, dampen it, twirl it between my hands and THWACK the derrieres of those panicking...i'm in for the long haul! |
If ENOUGH folks panic, we'll have capitulation, and then we can get back to the business at hand........
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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10-23-2008, 12:02 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Dec 2006
Location: Lone Star State
Posts: 4,377
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Quote:
Originally Posted by freebird5825
actually, i would like to take a towel, dampen it, twirl it between my hands and THWACK the derrieres of those panicking...i'm in for the long haul! |
I'm right there with ya girl! Let's get to thwackin'!
__________________
......ibyoig......
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10-23-2008, 02:03 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Jul 2008
Posts: 2,059
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Quote:
Originally Posted by freebird5825
actually, i would like to take a towel, dampen it, twirl it between my hands and THWACK the derrieres of those panicking...i'm in for the long haul! |
Quote:
Originally Posted by bbbamI
I'm right there with ya girl! Let's get to thwackin'!
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Hey, who let these women in the men's changing room 
What, I am in the women's room:confused:
No? It's co-ed?
Seriously, I never care for the permabears. In hindsight, I would pay more attention to the bulls who turned bearish last year, not those who do now. It's no prescience to be bearish now . Even so, I don't think the ones who turned bearish last year know for sure what comes ahead.
On the other hand, history has been on the side of the permabulls, who have been right, IN THE LONG RUN.
I just wonder if this long run extends to the end of my life. Oh well, not the end of my life, because I will collect SS in little more than 10 years.
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10-23-2008, 11:24 AM
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#13
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Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,253
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I think it's a matter of degree. They seemed to act as if something worse than the 1930s was coming, and we're far, far away from that, even if it doesn't feel like that now.
As I've said in those threads before, every time they predict financial apocalypse they could be right, but the track record of such doomsayer is rather terrible. Pitchers in baseball tend to be terrible hitters, but that doesn't mean they won't get a hit once in a while...
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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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10-23-2008, 11:27 AM
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#14
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Moderator
Join Date: Sep 2007
Posts: 3,432
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I do remember a lot of worried posts over the past three years being responded to with something like, "people always think 'this time it's different' but we've been through this before, and it's not different." I have to say I think this time it is different.
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10-23-2008, 11:31 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Jul 2008
Posts: 2,059
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Seriously, I believe we will recover, but it may take a bit longer than past recessions. Nothing like the Great Depression, I don't think.
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10-23-2008, 11:56 AM
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#16
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Moderator
Join Date: Sep 2007
Posts: 3,432
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It's a little late to panic imho
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10-23-2008, 11:57 AM
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#17
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Full time employment: Posting here.
Join Date: Feb 2007
Posts: 647
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Well, one could acknowledge the gloom and doomers, but what's the point? There are always those who feel we're teetering off the edge -- why encourage them?
-- Rita
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Only got A dimple, would have preferred 2!
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10-23-2008, 11:58 AM
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#18
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Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,253
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Quote:
Originally Posted by Gotadimple
Well, one could acknowledge the gloom and doomers, but what's the point? There are always those who feel we're teetering off the edge -- why encourage them?
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Not only that, but if they've predicted the End of the World™ ten times before and were wrong, are they suddenly geniuses because they were right on the 11th try?
__________________
"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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10-23-2008, 01:29 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 5,548
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On a related note: Did the inverted yield curves in 2007 predict this recession?
__________________
- Al -- Always serious, never joking. No, wait. Never serious... Always... I forget.
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10-23-2008, 01:37 PM
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#20
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Recycles dryer sheets
Join Date: Mar 2008
Posts: 85
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I've watched both ER forums and Doom and gloom forums, for the last 5 years. I have to say, the doomers seem to have pegged this one. I listen more to the doomers now. This forum seems to think way tooooo optimistic. Happy investing!
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