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02-17-2009, 02:56 PM
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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: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by Bikerdude
Not to hi-jack this thread anymore that it has been but is the drought worse than the "dust bowl" days?
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Actually, that's not really a hijack. It's a nice tie-in to life in the 1930s...
__________________
"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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02-17-2009, 02:58 PM
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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: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,003
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Quote:
Originally Posted by shotgunner
The Law of Mean Reversion scares me.
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No one likes mean laws...
__________________
Numbers is hard
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02-17-2009, 03:14 PM
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#63
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 4,337
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This has sure been a lively and popular thread. Unfortunately, the S&P was down 4.56% today and I feel like a bigger dumbsh*t.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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02-17-2009, 03:19 PM
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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: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
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All right...all right.....I can take a hint. Have one of my med's.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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02-17-2009, 03:24 PM
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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: Dec 2006
Location: Collin County, TX
Posts: 9,294
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group hug?.....
__________________
There's no need to complicate, our time is short..
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02-17-2009, 03:38 PM
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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: Nov 2007
Posts: 5,596
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It's too bad we are all so far apart. Now would be a good time to meet at the local pub for some meds
__________________
I purr therefore I am.
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02-17-2009, 04:26 PM
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#67
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Full time employment: Posting here.
Join Date: Mar 2007
Posts: 577
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Pushed 1/8th of my cash in today.
Bought SV fund this morning just because we had a bad week last week and we opened lower today. This afternoon when I saw how bad the day was shaping up I pushed a similar amount in to my S&P fund.
Keep the faith!!!!!!!!!!!!
__________________
I highjacked a rainbow and crashed into a pot of gold - Bon Jovi
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02-17-2009, 10:39 PM
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#68
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Recycles dryer sheets
Join Date: Jan 2007
Posts: 222
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Quote:
Originally Posted by Bikerdude
If we continue into a deflationary spiral, history shows that retiree's with pensions or other fixed, safe incomes, do well. People with debt, non-liquid assets, stocks etc. do poorly.
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Of course with all this deficit spending, there's also the possibility of hyperinflation....
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02-17-2009, 10:53 PM
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#69
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 1,502
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Quote:
Originally Posted by REWahoo
Yep, the prolonged lack of rainfall in this part of the state is the worst on record - records dating back 150 years.. It was so bad late last summer that snakes were climbing up on our deck to get to the dog's water dish. Never seen that happen before...
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I'm surprised no weatherman has made the connection between the drought and the preponderance of Texan posters on this board. Something about hot air and drought springs to mind.
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02-17-2009, 10:55 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: Jan 2006
Location: Rio Grande Valley
Posts: 38,006
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Ha! (Well, at least we just had a couple of drizzly misty days. - way better than nothing!)
Audrey
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02-18-2009, 04:26 AM
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#71
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Recycles dryer sheets
Join Date: Jan 2009
Location: W. Galveston Bay
Posts: 290
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I was at ground zero for IKE, 401k is down 30%. Sure '08 was a heck of a year but I'm still chuck'in money in the market. I'm not sure If I'm a bull or just hard-headed.
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02-18-2009, 05:27 AM
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#72
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,472
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Quote:
Originally Posted by Darryl
Pushed 1/8th of my cash in today.
Bought SV fund this morning just because we had a bad week last week and we opened lower today. This afternoon when I saw how bad the day was shaping up I pushed a similar amount in to my S&P fund.
Keep the faith!!!!!!!!!!!!
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OK, I just looked at my asset allocation after yesterday's sickening plunge. I am now down to 41:59 instead of my target 45:55. 3% off was borderline, but 4% is getting ridiculous.
If the market stays this low for a while, or (heaven forbid) drops further, I will to have to force myself to rebalance, whether I like it or not.
So much for the idea that the stimulus package was going to cause a market surge!
__________________
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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02-18-2009, 06:11 AM
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#73
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Full time employment: Posting here.
Join Date: Mar 2008
Posts: 654
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I dropped another chunk of change into total stock and some in FTSE.
My cost basis looks a little better and I'm still hoping for the best.
We were low enough at the end of the day I thought it was worth the shot.
Here's to the bigger dumbsh***
Steve
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02-18-2009, 08:07 AM
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#75
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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Quote:
Originally Posted by intent
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Or not..
http://www.marketwatch.com/news/story/Wall-Street-likely-fail-retest/story.aspx?guid={FB91F881-DFC8-4137-AA09-97376AC65312}
This thread seems to support this view (my posts included) so maybe we are the dumbsh*ts.
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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02-18-2009, 08:11 AM
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#76
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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Call it dumb luck, but my feeling was that the stimulus package would not stimulate Wall Street, so over the last 3 weeks I quietly moved more to cash and short term bonds for my clients and in my own portfolio.......
If I had done that in December of 2007, maybe Buffet and Munger would be calling me........
__________________
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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02-18-2009, 08:25 AM
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#77
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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: 9,067
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Quote:
Originally Posted by FinanceDude
Call it dumb luck, but my feeling was that the stimulus package would not stimulate Wall Street, so over the last 3 weeks I quietly moved more to cash and short term bonds for my clients and in my own portfolio.......
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It's the storm before the calm.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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02-18-2009, 08:27 AM
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#78
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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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Buffett and Munger should be calling the voices in my head telling me to get out on Halloween 2007. Maybe they would have acted on it, unlike me...
__________________
"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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02-18-2009, 09:27 AM
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#79
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
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Quote:
Originally Posted by JOHNNIE36
However, my grandson just entered the workforce one year age with a great job in the medical field. I'm trying to get him to buy into the market now. At 21, what does he know about stocks and the future of the market; but I tell him there are thousands of people out there that will contimue to make this country succeed and for the market to act in a bullish fashion. It is not for him to reason why, it is for him to invest and high. What better chance to get into the market. Does anyone out there feel the same?
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My nephew the Army Ranger joined the workforce in summer 2007 and finally exited the training pipeline last fall. He just made 1LT and he's spending 2009 (maybe part of 2010 too) in Iraq. Since the Army is paying almost all of his bills right now he's maxing out the Savings Deposit Program, his TSP, and his IRA.
After all of that he still has $500/month savings to put in his taxable account, and he's looking at an international equity index fund. He says that stock markets are among the least of his worries these days.
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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02-18-2009, 09:30 AM
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#80
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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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Quote:
Originally Posted by Nords
After all of that he still has $500/month savings to put in his taxable account, and he's looking at an international equity index fund. He says that stock markets are among the least of his worries these days.
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If I knew my job would still be here for me in 10-15 years, I wouldn't be the least bit concerned about the stock market either. If I knew that I'd be perfectly fine with it staying depressed for a few more years of accumulating at low prices. Really it's the combination of a crashing market and a terrible employment situation which form the unsettling one-two punch. Either one by itself wouldn't alarm me, but both together (as usually happens, unfortunately) are scary.
__________________
"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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