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10-27-2011, 04:55 PM
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#21
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,329
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Well, I just saw this ignorance demonstrated on Cash Cab. The question was, "Named after the Senator who proposed it, what saving plan provides tax free withdrawals after retirement?" The guys in the cab didn't know and the street shout out came up with Wellstone as the answer.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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10-27-2011, 05:03 PM
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#22
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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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I think what's really important here is that the Saint's came back and stomped poor Indy after the Tampa Bay fiasco.
And yes I'm still pretty much full auto in Target Retirement(aka balanced index fund).
In both cases did I stay the course and not watch or get all emotional? Well not exactly. So I peeked but I stayed the course.
heh heh heh - Geaux Saint's. Full auto hurry up just stand there.
9 individual stocks(ex DRIP Plans) left - for the hormones in case football fails me.
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10-27-2011, 05:17 PM
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#23
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
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Quote:
Originally Posted by W2R
It's crazy - - unemployment is out of sight, people are rioting all over the world, national debts are spiraling upwards, economies are said to be teetering on the brink of collapse, and yet the S&P 500 Extends Best Month Since ’74, Euro Rises
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While all this is true, and more, and consumer sentiment is below 50 (47?), 3Q corporate profits are reasonably good, and outlooks are stable. 3Q GDP growth wasn't great at 2.5%, but much better than last quarter. And, if by default, every quarter further away from this mess we get, the closer we'll be to reducing the excess housing inventory. Along this same line, the average age of our auto fleet is increasing, and those cars will need to be replaced. Not to mention a brazillion dollars on corporate balance sheets.
I'm still 45% bonds, 35% stocks, 10% cash, and 5% each in a REIT and a commodities fund. And with all the volatility of late, my 25% rebalance bands have only been triggered once, so no shuffling since late spring. Coincidentally, I'm about 5% down from the all-time high, with a standard deviation approching infinity...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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10-27-2011, 05:24 PM
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#24
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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: 9,296
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I rebalanced in May. The mkt never did go down enough for me to rebalance again....
I reckon I'll wait it out.
In the meantime it is nice to see the portfolio grow...
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There's no need to complicate, our time is short..
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10-27-2011, 05:36 PM
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#25
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Full time employment: Posting here.
Join Date: Apr 2008
Posts: 702
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I took some profits today.
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10-27-2011, 05:54 PM
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#26
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Thinks s/he gets paid by the post
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
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Quote:
Originally Posted by W2R
It's crazy - - unemployment is out of sight, people are rioting all over the world, national debts are spiraling upwards, economies are said to be teetering on the brink of collapse, and yet the S&P 500 Extends Best Month Since ’74, Euro Rises
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Perhaps it's easier to understand if you consider that there is money around looking for a home. It has to light somewhere. What matters is not how much unemployment there is, but where there is the least unemployment. Where are there the fewest riots? Where are national debts least out of control? Which economies are least likely to collapse?
__________________
Greg (retired in 2010 at age 68, state pension)
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10-27-2011, 06:12 PM
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#27
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Recycles dryer sheets
Join Date: Apr 2010
Posts: 50
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Quote:
Originally Posted by Alan
It was already down over 60 points to 340 before the market closed...
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That was me....sorry about that
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10-27-2011, 07:04 PM
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#28
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Man, I wish we could see 2008/2009 bear markets again. What a buying opportunity! Even a May 2010 flash crash would be awesome. This going up 400 points in a day isn't helping my dollar cost averaging and attempt to buy low. I mean, making half a year's salary in a day is cool and all, but I like buying stuff on the cheap.
__________________
Retired in 2013 at age 33. Keeping busy reading, blogging, relaxing, gaming, and enjoying the outdoors with my wife and 3 kids (8, 13, and 15).
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10-27-2011, 07:40 PM
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#29
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Full time employment: Posting here.
Join Date: May 2010
Posts: 862
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My portfolio hardly moved today. My preferred shares and REITs got a little boost, but mostly by less than 1%.
On the other hand, if ( when ) the correction occurs, my portfolio will not decline as quickly.
Suits me fine, as at my age I'm more concerned with capital preservation, so as long as I have my dividend and bond income, I am OK.
Doing OK with some naked puts, however. May buy to close and take profit next week if this market rise continues tomorrow.
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10-27-2011, 07:48 PM
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#30
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Location: Naples
Posts: 2,179
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Quote:
Originally Posted by W2R
It's crazy - - unemployment is out of sight, people are rioting all over the world, national debts are spiraling upwards, economies are said to be teetering on the brink of collapse, and yet the S&P 500 Extends Best Month Since ’74, Euro Rises
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W2R, nobody ever said the market was based on logic. If it was, we'd all be flying high. As you said it's crazy. That's why I'm not in it anymore. I sleep so good at night.
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10-27-2011, 10:31 PM
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#31
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,558
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I am going to make a wild prediction--
DOW 20000 by the end of 2015.
Housing will turn around by then and we will see the economy running on all cylinders.
Quote:
Originally Posted by brewer12345
Still plenty of room to run. Patience, grasshopper.
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10-27-2011, 10:45 PM
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#32
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by Hamlet
I am going to make a wild prediction--
DOW 20000 by the end of 2015.
Housing will turn around by then and we will see the economy running on all cylinders.
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Is this a whee?
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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10-28-2011, 05:03 AM
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#33
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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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Quote:
Originally Posted by Hamlet
I am going to make a wild prediction--
DOW 20000 by the end of 2015.
Housing will turn around by then and we will see the economy running on all cylinders.
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You do realize that in 2015, we will all remind you of this prediction?
__________________
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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10-28-2011, 06:02 AM
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#34
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Recycles dryer sheets
Join Date: Sep 2011
Location: Easten Long Island
Posts: 414
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The DAX and FTSE are maginally lower today at mid day.
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10-28-2011, 06:31 AM
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#35
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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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Quote:
Originally Posted by justplainbll
The DAX and FTSE are maginally lower today at mid day.
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Well, we shall see. I can hardly wait until the US markets open. Even though I'm pretty much a buy-hold-rebalance type, I still think it's exciting to watch and try to guess what will happen next.
__________________
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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10-28-2011, 06:34 AM
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#36
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,691
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For entertainment purposes I listen to various money mgrs on the radio, two weeks ago all 3 said their market indicators are showing the market will be dropping and they all recommend getting out and buying on the dips. Apparently there were hammer bottoms and this is the start of an ABC or Elliot wave which is causing 200 day moving averages converging on the Fourier transform derivative.
So lets see if I got this right: If I was a client I would have just missed out on a 20% upswing PLUS you are charging 1.5%/year??
TJ
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10-28-2011, 08:21 AM
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#37
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,558
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Yup. The internet is forever.
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10-28-2011, 09:24 AM
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#38
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Quote:
Originally Posted by Hamlet
I am going to make a wild prediction--
DOW 20000 by the end of 2015.
Housing will turn around by then and we will see the economy running on all cylinders.
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Dunno about the Dow prediction, but I have thought for some time that it would take until 2013 to 2015 for housing to work through its mess and the economy to regain full footing.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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10-28-2011, 09:40 AM
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#39
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,809
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As of yesterday the SP500 is up 10.7% for the last 1 year period. About in line with historical annual returns of 10.2% going back to 1950.
We have problems all over, but humans haven't changed that much in the last decade.
I vote for a much higher SP500 in the next 12 months -- well at least 10.2% higher.
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10-28-2011, 10:00 AM
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#40
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by teejayevans
For entertainment purposes I listen to various money mgrs on the radio, two weeks ago all 3 said their market indicators are showing the market will be dropping and they all recommend getting out and buying on the dips.
TJ
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Yesterday I was siting ouside on the west side of an espresso shop enjoying the sun. There was a homeless guy sitting at a table next to me with an old fashioned boom box.
He was listening to some market/finance guru.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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