unclemick
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Audrey - Harry Browne not Harry Dent.
heh heh heh
heh heh heh
Oops - sorry - thanks! I can't keep my Harrys straight!!unclemick2 said:Audrey - Harry Browne not Harry Dent.
heh heh heh
I've noticed this pattern before. Market has a late August run-up on low volume (it's also end of month window dressing time). Volume has been low because so many traders/wall street professionals are gone during this time - getting their last minute summer vacations in. They all return after Labor Day. Quite a few times I've seen a major market reversal as soon the "pros" return. You might be right to "batten down the hatches".Nords said:Our retirement portfolio just hit a new high today. Batten down the hatches...
Quite a few times I've seen a major market reversal as soon the "pros" return.
audreyh1 said:I've noticed this pattern before. Market has a late August run-up on low volume (it's also end of month window dressing time). Volume has been low because so many traders/wall street professionals are gone during this time - getting their last minute summer vacations in. They all return after Labor Day. Quite a few times I've seen a major market reversal as soon the "pros" return. You might be right to "batten down the hatches".
We'll see.....
Audrey
audreyh1 said:Oops - sorry - thanks! I can't keep my Harrys straight!!
Audrey
audreyh1 said:Oops - sorry - thanks! I can't keep my Harrys straight!!
Audrey
brewer12345 said:Not a guru per se, but I find Tom Keane's "Bloomberg On the Economy" radio show to be very good. He interviews economists from academia and the street, and gets the occasional Fed governor or other gummint flunky. Tends to have a diverging set of views presented, so you'd have to listen and form your own views, but I find they do a good job of translating economist's cant into ordinary Joe language while still preserving the subtlety of their arguments.
HaHa said:Can you tell where we can listen or catch a webcast?
Ha
brewer12345 said:Looks like you can get podcasts here: http://www.bloomberg.com/tvradio/podcast/index.html
Not only that, but the evidence is strong that the economy is decidedly slowing. But the stock market doesn't seem to have noticed yet. At some point, it'll wake up and smell the coffee. And, as usual, the market will likely way overreact. Slowing is not the same as a recession, but when the market reacts negatively to news of the economy slowing, it usually acts as if a recession is imminent.brewer12345 said:Hmmm, I can imagine that. I think we will be seeing a steady stream of fallout from the RE crash, and it will inevitably affect a wide swath of the equity market.
audreyh1 said:(That's why it's so easy to be way too early on perfectly logical (and accurate) predictions)
spideyrdpd said:In some regards they all suck, but that doesnt mean you cant learn something from many of them. Although I hate the pay off your debt guys like Ramsey and I am not too fond of Suze.
Eventually everyone will be "right"!audreyh1 said:Might take a while to happen though...... You never know.
LOL! Too true!!REWahoo! said:And even easier to be way too early on perfectly logical (and inaccurate) predictions...
I watched Ramsey's "Debt always bad, no debt always good" schtick on one of Oprah's money episodes. I think the guy had his tail feathers scorched by his millionaire bankruptcy and has decided to stick to a short, simple, clear theme-- whether or not it makes sense in all situations.Hydroman said:However I do not see why one would "hate" anyone who advocates paying off your debt.
Nords said:There are times when debt is bad and there are other times when it makes perfectly good sense.
Depends on your time frame, and you have to do the math.jondoh said:But considering a mortgage an investment rather than an expense, and considering a home an ATM rather than a place to live, and believing that home values always go up, can be costly.
Well, if it disturbs night-time sleep then that's a good reason not to get a mortgage.al_bundy said:i don't like ramsey, but i would never take out a mortgage on a home to invest the money. Stock market was good last 30 years, but 1930 through the early 1940's it was flat. 1970's were also a bad time. Future risks include potentially less stock buyers than sellers and the whole mystery of social security and medicare.
jondoh said:Borrowing money to purchase depreciating consumer items is financial lunacy.
HaHa said:Terry Savage, who writes for the Chicago Sun-Times. Not exactly a guru, since she doesn't tell you what to do. She does deliver timely heads-ups on changing laws, products, etc., as well as answer readers' questions.
Ha