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05-30-2009, 09:42 AM
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#61
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by ziggy29
I sure as heck don't see the S&P getting as high as 1350 any time soon.
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Me neither. However, the market is more likely to go up than down from here. For a CMT like myself, it is good enough reason to buy. No?
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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05-30-2009, 09:54 AM
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#62
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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05-30-2009, 09:57 AM
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#63
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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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Nice to see that dent on your forehead is starting to heal.
__________________
"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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05-30-2009, 09:58 AM
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#64
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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__________________
Numbers is hard
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05-30-2009, 10:01 AM
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#65
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by Dawg54
I'm now down 'only' 16.5%.
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That's it? Gee, it's only a finger cut, and you made it sound like dismemberment.
Perhaps it's time to start another thread to see who has been down how much.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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05-30-2009, 10:01 AM
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#66
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Quote:
Originally Posted by ziggy29
Nice to see that dent on your forehead is starting to heal.
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Med's baby.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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05-30-2009, 10:03 AM
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#67
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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I saw their posts, but I have my own SWAG.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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05-30-2009, 10:22 AM
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#68
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by Dawg54
A couple of high octane stocks have come back pretty well. So I'm cautiously optimistic with emphasis on 'cautious'.
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Watch those high-octane stocks. They make your life exciting, yes?
Having some of the high-octane stocks (materials stocks like metal mining, fertilizer, energy, drybulk shipper and solar energy, etc...) was what allowed me to triple my portfolio from 2003 to 2007, despite being only 70-80% invested. These stocks are very sensitive to the world economy. No, I was not solely invested in them, only a good concentration, else would be a multi-millionaire.
There was no way I could have known to get out at the top, but if I didn't get out in early 2008, would have gotten hurt bad. No finger cut! You are talking dismemberment or disembowelment here, trust me.
You can tell that I like to live dangerously. After surviving a couple of hi-tech startup failures and the tech stock melt-down in 2000, this current downdraft didn't scare me that much.
As Soros (not a hero of mine, but an interesting man) said, your investment decisions reflect your understanding of the real world. My understanding of the world is a bit fuzzy, but sometimes I can see some shadows or shapes through my cataracts.
Sorry for the metaphors, but that has always been my nature.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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06-09-2009, 07:17 PM
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#69
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Always interesting to follow up on market prognostications...
5/9:
Quote:
Originally Posted by TheSweetLife
I think the bear market rally is over. I think next week will be the beginning of a downturn.
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5/10:
Quote:
Originally Posted by TheSweetLife
The rally is over. The downturn will start this week.
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5/16:
Quote:
Originally Posted by TheSweetLife
...Downturn will continue for the next 4 weeks.
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5/16:
Quote:
Originally Posted by TheSweetLife
Yeah, my crystal ball is great....downturn to continue for about a month.
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Four and half weeks later, S&P 500:
__________________
Numbers is hard
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06-09-2009, 07:31 PM
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#70
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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OH NO! Please, not another "Wheee" post!
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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06-09-2009, 07:34 PM
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#71
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by NW-Bound
OH NO! Please, not another "Wheee" post!
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No, nothing of the sort. Merely a follow up on market predictions. I'm looking at yours at the moment.
__________________
Numbers is hard
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06-09-2009, 08:14 PM
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#72
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Well?
My disclaimer is that I could follow the news around the world -- not just in the US -- to see if the fundamentals were improving, but I could not predict the next "Wheee" outburst.
PS. Portfolio is 21% below high water mark in Oct 07. Could have been a couple of percents better if I did not have to dip into it to pay for college tuitions and for food.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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06-09-2009, 08:26 PM
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#73
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Quote:
Originally Posted by NW-Bound
Well?
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Never mind.
__________________
Numbers is hard
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06-09-2009, 08:31 PM
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#74
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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(Wheee!!!?!)
It's a beautiful day in the neighborhood... Just another 500 points or so for the Dow and I will be feeling really great about things.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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06-09-2009, 08:46 PM
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#75
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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What!??
That's it! I will sell everything at market open tomorrow, then go short.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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06-10-2009, 02:19 AM
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#76
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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I bought a chunk of S&P index on 6/9. Past performance indicates there will be an immediate dip, a nice buying opportunity, then there will be fluctuations.
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06-10-2009, 07:54 AM
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#77
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,719
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Quote:
Originally Posted by REWahoo
Always interesting to follow up on market prognostications...
5/9: I think the bear market rally is over. I think next week will be the beginning of a downturn
5/10: The rally is over. The downturn will start this week.
5/16: Downturn will continue for the next 4 weeks
5/16: Yeah, my crystal ball is great....downturn to continue for about a month
Four and half weeks later, S&P 500:
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Hey! Keeping track and actually paying attention takes all the fun out of always being right - and also makes it hard to be smug and always know more than everyone else. Gee whiz. You're no fun to play with. When you were a kid and all your friends were out playing and stuff, I bet you were always the scorekeeper ...
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06-10-2009, 11:34 AM
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#78
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 2,844
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Budget woes have Oakland mulling bankruptcy
While I am not as sure that the market will go down now as I was in early March that it would go up, and do think it quite possible this rally has run out of steam. In any case yesterday I reduced my equity to 15 percent from 30 percent after a nice 27 percent run up for the equity portion.
State and city budget preparations for 2010 are going to be reflecting some very painful choices, tax increases, layoffs and service cutbacks all of which will tend to drag the economy and with it the stock market down for another leg. On top of that the continued need to fund the "stimulus plan" will be resulting in some interesting financing needs.
With good fortune I will be totally mistaken but that is not the risk I want to take at this time.
__________________
But then what do I really know?
https://www.early-retirement.org/forums/f44/why-i-believe-we-are-about-to-embark-on-a-historic-bull-market-run-101268.html
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06-10-2009, 12:29 PM
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#79
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Hmmm - Target Retirement 2015 on full auto - those Vanguard computers don't talk much - they just rebalance away.
I think the Norwegian widow may wait til fooball season before shifting deck chairs on the Titanic - I mean selling a few fallen angels and buying a few more good dividend stocks.
Soooo - where does one buy those plastic D-fense signs fans wave in the stadiums on tv?
heh heh heh - Ballpark back to within -12% of peak 2007 but I plan to spend another 3% (to make it -15%) cause I'm not getting any younger. .
Stay the course. Press on regardless. Hurry up, just stand there. A little Bogle to buck ya up. Anywise hormones require that I dink with a few Norwegian widow stocks - especially if the Saints look a little punky at the start of the season.
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06-10-2009, 07:17 PM
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#80
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Dryer sheet aficionado
Join Date: Jan 2009
Posts: 40
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Hey, it's the lady with the crystal ball. I realize the downturn has been an upturn; however, my last post said downturn to continue for about a month. The month ends on 16 June. Can you at least give me until then to see where we're at? Anything's possible in this market!
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