Record Dow! Whee!

honobob said:
Totally agree with Running Man. Very well said!

It also seems that after the new guy is provoked we point the blame at them if they retaliate.
Click to expand...

This is group psychology 101. The main purpose of a group is to maintain the social structure of the group.

Almost anyone could describe the roles played by various posters here, and what taboos and perqs support those roles.

Rarely does anyone have the temerity to do this! :)

Ha
 
I see it more as a selection mechanism. Or maybe a hazing. If you can tolerate the asshats here, you'll get along just fine. :)
 
Here's my take.

After several "things are much worse" posts, we were treated to:
Razor said:
Have you been following the economy at all? Earnings are mediocre and don't have as big an impact as interest rates and FED policy anymore, the housing bust is becoming more and more relevant, ...
Click to expand...
Not "I think the economy is a lot worse", not "I'm shifting my asset allocation to...", no links to studies or articles buttressing the expressed opinions, not even "in my opinion".

Instead, it's "Have you been following the economy at all?" with the implication that the poster is simply ignorant (not following the economy) if not perhaps actually stupid (not interpreting the symptoms correctly).

This board has as many relentless cheerleaders for their particular preferred asset allocations as there are permabears & Chicken Littles. I doubt we're going to change each other's minds with repeated reciprocated diatribes. (At least I haven't seen it happen yet.) Perhaps it'd be better to stick to links that support a perspective or for posters to discuss how they're positioning their portfolios to deal with whatever they see coming over the horizon.
 
Nords said:
Here's my take.

After several "things are much worse" posts, we were treated to:

Not "I think the economy is a lot worse", not "I'm shifting my asset allocation to...", no links to studies or articles buttressing the expressed opinions, not even "in my opinion".

Instead, it's "Have you been following the economy at all?" with the implication that the poster is simply ignorant (not following the economy) if not perhaps actually stupid (not interpreting the symptoms correctly).
Click to expand...

What Nords said goes double for me.
 
When I first got on Usenet many years ago, I inadvertantly found myself in the middle of a flamewar, which was awful. Later, when it was discovered that I was a newbie, I was told that written discussion is more prone to misunderstandings than face-to-face discussion.

I was told that it is advisable to say "I think" or "it seems to me" rather than positioning myself as the Bearer of the Absolute Truth, so to speak. When discussing something touchy, it helps to cite your own experience and let the reader extrapolate from that, rather than defining the world or other people's experiences in a heavy handed way.

Now, I can't say that I am perfect in following this approach, as I am as opinionated as many (and more than some) and I forget. It's helpful to try, though, and prevents conflict.

Uh, I should say, "I THINK it is helpful to try..."....:rolleyes: Oh well! I do try.
 
Countrywide releases earnings this Friday at noon. It'll set the tone for the rest of Friday and probably next week as well.

Otherwise, my crystal ball is foggy. I did sell SNP at 160 last Thursday.
 
Want2retire said:
When I first got on Usenet many years ago, I inadvertantly found myself in the middle of a flamewar, which was awful. Later, when it was discovered that I was a newbie, I was told that written discussion is more prone to misunderstandings than face-to-face discussion.
Click to expand...

Yup, I think the real issue here is what responsibility do non-noobs have to noobs?

Some non-noobs here are well into the "familiarity breeds contempt" phase, and the contempt spews freely. I've griped about it before, but in the end I think we just have to live with it. Let's see which noobs survive the trial by FIRE. :)
 
Re: Noobs

[-]Many of these young whippersnappers weren't around for live-on-TV assassinations, immolations, Vietnam, Johnson, Nixon, Watergate, oil embargoes and oil shock 1-3, WIN buttons, malaise...[/-]

I've got my fancy-schmancy asset allocation, though I might be better off to let Vanguard's computers do the work for me...

Heh, heh

"We have all been here before..."

Crosby, Stills, Nash, Young, Pierce, Sacco, and Vanzetti
 
HFWR said:
Re: Noobs

[-]Many of these young whippersnappers weren't around for live-on-TV assassinations, immolations, Vietnam, Johnson, Nixon, Watergate, oil embargoes and oil shock 1-3, WIN buttons, malaise...[/-]

I've got my fancy-schmancy asset allocation, though I might be better off to let Vanguard's computers do the work for me...

Heh, heh

"We have all been here before..."

Crosby, Stills, Nash, Young, Pierce, Sacco, and Vanzetti
Click to expand...


"If I had ever been here before on another time around the wheel
I would probably know just how to deal
With all of you."


:-*
 
Nords said:
Here's my take.
Instead, it's "Have you been following the economy at all?" with the implication that the poster is simply ignorant (not following the economy) if not perhaps actually stupid (not interpreting the symptoms correctly).
Click to expand...

Agree with Nords. I think that the tone of Razor's posts was more inflammatory than the content.

I recall that in one of my first posts I stated that I was concerned about a return of stagflation because of some of the factors that Razor mentioned. I don't recall any really negative responses.

As an aside I'm always amused when a new member "lectures" somone without knowing their background.

My all time favorite was when some told Martha that she should stop looking for government handouts and pull herself up by her bootstraps.

Finally, welcome to the board Razor.

MB
 
mb said:
..

My all time favorite was when some told Martha that she should stop looking for government handouts and pull herself up by her bootstraps.

Finally, welcome to the board Razor.

MB
Click to expand...

Anybody have a link to the Martha exchange, I suspect she was polite but the rest of the board wasn't
 
I think that it was in one of the threads on health care and Martha was supporting more government involvement.

MB
 
Martha said:
Who was that guy anyway?

Don't place bets on whether I was nice. >:D:angel:
Click to expand...

Fair enough, but I did say polite not nice. I'd bet there may have been a wee bit of sarcasm involved.
 
This thread reminds me of the flame wars that occur on the Diehard's board between the "stay the course" groupies and anyone who has a different opinion. Instead of expressions of opinions and ideas about what to do, the name calling starts. I hope members use the suggestions of Martha, Want2retire and others have posted to keep the threads lively, educational, and respectful.
Larry
 
clifp said:
Anybody have a link to the Martha exchange, I suspect she was polite but the rest of the board wasn't
Click to expand...

I believe it was HayekCapitalist in a thread titled "Moolah" -- the one where I was accused of being one of Martha's lackeys (which I consider to be a great honor).
 
Gumby said:
I believe it was HayekCapitalist in a thread titled "Moolah" -- the one where I was accused of being one of Martha's lackeys (which I consider to be a great honor).
Click to expand...

Better than having your age overestimated by ~40 years, I guess.
 
Soooo - now I can resurect my dividend stock ladders and two file cabinets of DRIP plans from 2003?

It's safe now?

heh heh heh - 48 degrees and Sunny in Missoula - a little inside joke. :D
 
Well this morning my brokerage account reflected my highest balance for the year.:) Not in too big of a hurry to see what kind of damage was done today. :eek:
 
Dawg52 said:
Well this morning my brokerage account reflected my highest balance for the year.:) Not in too big of a hurry to see what kind of damage was done today. :eek:
Click to expand...

ROFL!!! My TSP was rockin' and rollin too, early this morning. I was amazed with how high it was.

Tomorrow morning should be a bit sobering. But hey, we've been through a lot of ups and downs this year, so I am sure we can handle more of the same.

Another one of those blue-light specials, right?
 
It looks like a double scotch day to me ... I think I will need to [-]'hide my head in the sand' [/-] keep to my buy and hold plans.
... but been there .. done that.
 
Perhaps this is a good time to reconcile one's theoretical tolerance for volatility with reality...
 
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