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04-18-2008, 02:03 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 1,224
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Good week in the markets
Well after a week of doom and gloom threads this was certainly a good week to be in the markets for those of us still accumulating, and those already retired!
You all have a good weekend!
DD
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04-18-2008, 02:36 PM
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#2
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Dryer sheet aficionado
Join Date: Nov 2007
Posts: 44
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Easy come, easy go. Monday they well be down again. Enjoy the rollercoaster ride my friend.
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04-18-2008, 03:20 PM
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#3
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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 mexmeme
Easy come, easy go. Monday they well be down again. Enjoy the rollercoaster ride my friend.
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I only enjoy the ride going up. 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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04-18-2008, 04:33 PM
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#4
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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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It's even more fun when there's a giddy ride up just before the weekend! Then we have all weekend to enjoy and to hope (however unrealistically) for even more next week. 
__________________
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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04-18-2008, 04:44 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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What am I smelling optimism in this thread?! You mean the world isnt ending? Bah 
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04-18-2008, 04:48 PM
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#6
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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 Notmuchlonger
What am I smelling optimism in this thread?! You mean the world isnt ending?
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Nah. Just a market head fake...
__________________
Numbers is hard
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04-18-2008, 04:48 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Apr 2007
Posts: 1,305
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 : watch this space next week. 
__________________
Life is GREAT!
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04-18-2008, 04:57 PM
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#8
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Overstock sale on aluminum foil?
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04-18-2008, 05:33 PM
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#9
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Recycles dryer sheets
Join Date: Sep 2007
Posts: 488
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Citigroup ( C, Fortune 500) reported a steep quarterly loss and took around $13 billion in writedowns, at least half of which were related to subprime-related exposure. Citi also said it will cut about 9,000 jobs. However, the company's quarterly revenue was higher than analysts were expecting, and shares jumped 4.5%.
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04-18-2008, 05:38 PM
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#10
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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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They say "What goes up, must come down". Could the opposite be true, as well? 
I guess one alternative to markets heading up (as well as down) now and then, is for the Dow to plunge to 0 and then stay firmly at 0 day after day, week after week, year after year, for the infinite future. Now THAT would make CNBC more boring than it already is!
__________________
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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04-18-2008, 05:58 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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Well, we have tested the lows a couple of times this year right...looks like the "credit crisis" has been solved and now on to the "energy and food inflation crisis"...  Maybe the market is pricing in an oil bubble...I put a large portion of my annual investment allocation to work in the first quarter...
__________________
- Hurry! to the cliffs of insanity!
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04-18-2008, 06:11 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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Quote:
Originally Posted by REWahoo
Nah. Just a market head fake...
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Way to kill the mood!
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04-18-2008, 08:23 PM
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#13
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Thinks s/he gets paid by the post
Join Date: May 2006
Location: Where the stars at night are big and bright
Posts: 2,847
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Quote:
Originally Posted by Razor
Citigroup ( C, Fortune 500) reported a steep quarterly loss and took around $13 billion in writedowns, at least half of which were related to subprime-related exposure. Citi also said it will cut about 9,000 jobs. However, the company's quarterly revenue was higher than analysts were expecting, and shares jumped 4.5%. |
They're going to cut jobs, cut costs and raise standards. It's obviously what people with money burning holes in their pockets were wanting to hear. This may be what the doctor ordered, but I would be worried that it's more a case of a morning after prayer: "Oh, God, please let me get through this and I swear I'll never act like an idiot ever again." All too often that sort of religion goes away after the scary times pass.
__________________
There is no pleasure in having nothing to do; the fun is having lots to do and not doing it. - Andrew Jackson
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04-18-2008, 08:30 PM
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#14
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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 Leonidas
All too often that sort of religion goes away after the scary times pass.
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Definitely. The good thing is that it takes a while for people to forget. Let's see: early 90s debacle, then 1998/2001 bubble pop, now 2008. Looks like it takes 6 to 10 years for people to forget and start doing dumb things again. I'd say that whoever is still in one piece by the end of the year will be set up for a good run. But make a note to buy a pile of puts starting in 2014 or so...
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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04-18-2008, 08:31 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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2012 is end, that is when the mayan calendar ends and it's the name of a Rush album
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04-19-2008, 12:13 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 2,713
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Quote:
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"Oh, God, please let me get through this and I swear I'll never act like an idiot ever again."
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Funny, there are still zero dp and interest-only mortgages out there...
Real Estate Blog - Zero-Down Payment Loans
according to this guy.. that's rilly rilly good news!
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04-19-2008, 03:56 AM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,304
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Quote:
Originally Posted by brewer12345
Definitely. The good thing is that it takes a while for people to forget. Let's see: early 90s debacle, then 1998/2001 bubble pop, now 2008. Looks like it takes 6 to 10 years for people to forget and start doing dumb things again. I'd say that whoever is still in one piece by the end of the year will be set up for a good run. But make a note to buy a pile of puts starting in 2014 or so...
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Having been a MegaCorp employee for more than 30 years, I don't know if it's so much they forget as there are new people in charge every 6 to 10 years anxious to do dumb things for their first time. The people who were in charge and would know better, departed in shame after the last debacle --- although their golden parachutes made the shame more than worthwhile.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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04-19-2008, 04:53 AM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Oct 2006
Posts: 7,733
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Quote:
Originally Posted by Midpack
Having been a MegaCorp employee for more than 30 years, I don't know if it's so much they forget as there are new people in charge every 6 to 10 years anxious to do dumb things for their first time. The people who were in charge and would know better, departed in shame after the last debacle --- although their golden parachutes made the shame more than worthwhile.
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I think the 7 year itch applies to investment as much as mortgages.
Personally, I was rooting for a stock sale back in Dec and Jan. By Feb I was getting a bit tired of having buyer regret. So it was nice to see they take the 20% sale signs down this week
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04-19-2008, 05:53 AM
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#19
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Recycles dryer sheets
Join Date: Sep 2007
Posts: 488
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Quote:
Originally Posted by Leonidas
They're going to cut jobs, cut costs and raise standards. It's obviously what people with money burning holes in their pockets were wanting to hear. This may be what the doctor ordered, but I would be worried that it's more a case of a morning after prayer: "Oh, God, please let me get through this and I swear I'll never act like an idiot ever again." All too often that sort of religion goes away after the scary times pass.
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You are probably right. It's just that I didn't see any good news that would boost the stock almost 5% in one day. Now maybe if it read like this:
Citigroup ( C, Fortune 500) reported a steep quarterly gain and took in around $13 billion in new business, at least half of which were related to solid accounts. Citi also said it will add about 9,000 jobs. However, the company's quarterly revenue was even higher than analysts were expecting, and shares jumped 4.5%.
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04-19-2008, 06:19 AM
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#20
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Recycles dryer sheets
Join Date: Jan 2006
Posts: 189
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Quote:
Originally Posted by al_bundy
2012 is end.....it's the name of a Rush album
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Actually it's Rush 2112, so maybe we have an extra 100 years, LOL 
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