Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Hey folks, long time no see
Old 06-12-2005, 06:37 PM   #1
Recycles dryer sheets
 
Join Date: Sep 2002
Posts: 252
Hey folks, long time no see

How is everyone?

Me - I'm still not ER Did buy a new car last year to replace my ten year old one - this one (Japanese make) should last even longer, plus it's more fun to drive.

I'm slowly trying to wedge myself away from the daily grind of a software engineer (there are still a few of us left in the US)... frankly, I'd love to be "semi-retired", working a few months a year for myself and getting by the rest of the time.

My financially astute buddy thinks that the market is going to tank soon - soon being sometime in the next year.

Time to go back to sleep
Whakamole is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Hey folks, long time no see
Old 06-12-2005, 07:08 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Dec 2002
Posts: 3,875
Re: Hey folks, long time no see

Quote:
Originally Posted by Whakamole
How is everyone?

Me - I'm still not ER * Did buy a new car last year to replace my ten year old one - this one (Japanese make) should last even longer, plus it's more fun to drive.

I'm slowly trying to wedge myself away from the daily grind of a software engineer (there are still a few of us left in the US)... frankly, I'd love to be "semi-retired", working a few months a year for myself and getting by the rest of the time.

My financially astute buddy thinks that the market is going to tank soon - soon being sometime in the next year.*

Time to go back to sleep*
Well, I am well, thank you very much. In the big scheme of troubles/
problems/ potential turmoil and possible tumult, the "market
tanking" is not even on my radar. Honestly, I never give it a thought.

JG
MRGALT2U is offline   Reply With Quote
Re: Hey folks, long time no see
Old 06-12-2005, 07:18 PM   #3
Thinks s/he gets paid by the post
Eagle43's Avatar
 
Join Date: Jan 2005
Location: DFW
Posts: 2,016
Re: Hey folks, long time no see

Why does your financially astute buddy predict this? Does he know something we don't? Enlighten us, please. Doom and gloom and ok, but there's gotta be a reason.
__________________
Resist much. Obey Little. . . . Ed Abbey

Disclaimer: My Posts are for my amusement only.
Eagle43 is offline   Reply With Quote
Re: Hey folks, long time no see
Old 06-12-2005, 07:21 PM   #4
Recycles dryer sheets
 
Join Date: Sep 2002
Posts: 252
Re: Hey folks, long time no see

Quote:
Originally Posted by Eagle43
Why does your financially astute buddy predict this? Does he know something we don't? Enlighten us, please. Doom and gloom and ok, but there's gotta be a reason.
Probably one of the brightest guys I know. But basically it comes down to a few factors:
- housing bubble
- current account deficit
- China's bubble

Not really doom and gloom - just another fun recession. Depending on what happens to housing though...
Whakamole is offline   Reply With Quote
Re: Hey folks, long time no see
Old 06-12-2005, 07:29 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
dex's Avatar
 
Join Date: Oct 2003
Posts: 5,105
Re: Hey folks, long time no see

The China bubble has deflated somewhat.
Other things to consider that agree with your friend's opion is:
Fed raising interest rates - they ususally overshoot.
Fed has been pumping $ into the system - if that comes to an end a recission could follow.
High oil prices - Shell just came out with a study stating $40 oil is here to stay.
Bear market bottom has not ocurred - the 2000 bubble burst but, it still has not corrected to historical trends - look at the last bubble 1929.
__________________
Sometimes death is not as tragic as not knowing how to live. This man knew how to live--and how to make others glad they were living. - Jack Benny at Nat King Cole's funeral
dex is offline   Reply With Quote
Re: Hey folks, long time no see
Old 06-17-2005, 05:15 PM   #6
Recycles dryer sheets
 
Join Date: Jun 2005
Posts: 233
Re: Hey folks, long time no see

Quote:
Originally Posted by dex
Bear market bottom has not ocurred - the 2000 bubble burst but, it still has not corrected to historical trends - look at the last bubble 1929.
I'm no economist, but I'd be willing to bet some serious money that we won't be seeing another Great Depression anytime soon.* In fact, I've already bet my life savings on it!
SLC Tortfeasor is offline   Reply With Quote
Re: Hey folks, long time no see
Old 06-17-2005, 08:43 PM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
Re: Hey folks, long time no see

Yeah we more or less headed right back up to where we were in 2000, minus the stupid internet stocks.

I dont think we'll have an 80% drop either. I think we're gonna go sideways for 10-12 years.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Hey folks, long time no see
Old 06-17-2005, 10:30 PM   #8
Thinks s/he gets paid by the post
wabmester's Avatar
 
Join Date: Dec 2003
Posts: 4,459
Re: Hey folks, long time no see

Ever year that the market goes sideways (which it basically has for the last 5) means that E gets a chance to catch up with P.* *A little more of this, and P/Es will start looking normal (assuming you think they aren't already).
wabmester is offline   Reply With Quote
Re: Hey folks, long time no see
Old 06-18-2005, 12:40 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
cute fuzzy bunny's Avatar
 
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
Re: Hey folks, long time no see

Except many CEO's interviewed expect their E's to go down over the next 5 years.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
cute fuzzy bunny is offline   Reply With Quote
Re: Hey folks, long time no see
Old 06-18-2005, 12:42 PM   #10
Recycles dryer sheets
 
Join Date: May 2005
Posts: 288
Re: Hey folks, long time no see

Quote:
Originally Posted by Notth
Except many CEO's interviewed expect their E's to go down over the next 5 years.
Nah they expect their E's to go up... now the corporate E's...
moghopper is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Are illegal immigrants a serious problem or not? Art Other topics 201 07-17-2019 04:17 PM
Ready To FIRE - Would Value Your Opinions: Kinda Long Post megacorp-firee Hi, I am... 9 04-24-2007 07:08 PM
Part time to no time Martha Life after FIRE 54 12-08-2006 10:29 PM
Long Time Lurker smcculloch Young Dreamers 1 11-28-2006 10:27 PM
long time lurker, first time poster grateful Hi, I am... 1 09-19-2006 06:28 PM

» Quick Links

 
All times are GMT -6. The time now is 12:48 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.