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Here comes the recovery...
02-23-2009, 11:44 AM
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#1
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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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Here comes the recovery...
Off the heels of my prescient USO play last year:
I, ziggy29, growing increasingly intolerant of feeling like he's throwing good money after bad in the name of "buying low" only to see things go lower, solemnly swear to NOT buy any more stocks or stock mutual funds with remaining 401K or IRA contributions to be made for the rest of 2009.
HEREBY entered into on this date, February 23, 2009, when the Dow is at 7228 and the S&P 500 at 754.
__________________
"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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02-23-2009, 11:53 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Nov 2005
Location: Colorado, USA
Posts: 1,127
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Thanks Ziggy, I sure hope it works!
Coach
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02-23-2009, 12:04 PM
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#3
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Full time employment: Posting here.
Join Date: Feb 2006
Posts: 599
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Wow! Thanks for that! If I had some spare cash I would be all in.
We were in your neck of the woods this weekend, and I've never seen it so dry. We have had no rain to speak of since September where we live, and it's dry, but not crazy dry like yall are.
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02-23-2009, 12:14 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: Jun 2006
Posts: 12,880
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We're counting on your voices, Ziggy!
__________________
Al
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02-23-2009, 12:30 PM
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#5
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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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Cool. I guess that is pretty close to capitulation. 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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02-23-2009, 12:33 PM
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#6
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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Thanks for your sacrifice Ziggy. Hopefully the markets gods won't need many more sacrifices before turning things around!
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02-23-2009, 12:41 PM
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#7
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,714
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Sorry to ruin your day, folks, but this is not the end. I started buying on friday - that means a lot more market decline is ahead...
I really am sorry  , but at least Ziggy will feel better 
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02-23-2009, 12:42 PM
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#8
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Recycles dryer sheets
Join Date: Dec 2007
Posts: 482
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Oh thank you!! I was just telling DW how things just keep getting worse and worse, but now I feel much better. No one can call (or should I say cause?) a market top or bottom quite like Ziggy.
__________________
Retire date Jan. 10, 2018
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02-23-2009, 12:44 PM
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#9
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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 MichaelB
Sorry to ruin your day, folks, but this is not the end. I started buying on friday - that means a lot more market decline is ahead...
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Is this some matter-antimatter collision problem? Or like strapping a buttered-side-up piece of bread to the back of a cat? An immovable object against an irresistable force?
__________________
"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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02-23-2009, 12:49 PM
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#10
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Recycles dryer sheets
Join Date: Jan 2009
Posts: 170
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Maybe we can get Buffet to write another Op Ed "I'm buying U.S. stocks, you should too". 3rd time is the charm?
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02-23-2009, 12:56 PM
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#11
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Ziggy, thank you for finally copulating capitulating, and in public, too....
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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02-23-2009, 01:07 PM
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#12
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Recycles dryer sheets
Join Date: Jan 2009
Posts: 170
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Paul Vocker says U.S. capitalism model has failed.
I.E. SHTF.
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02-23-2009, 01:19 PM
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#13
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Recycles dryer sheets
Join Date: Sep 2006
Posts: 312
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"When the time comes to buy, you won't want to!"
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02-23-2009, 01:22 PM
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#14
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Recycles dryer sheets
Join Date: Jan 2009
Posts: 170
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Quote:
Originally Posted by Grep
"When the time comes to buy, you won't want to!"
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You work for CNBC?
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02-23-2009, 01:25 PM
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#15
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Recycles dryer sheets
Join Date: Sep 2006
Posts: 312
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It's a famous saying from ages ago. I'm not sure who first said it.
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02-23-2009, 01:30 PM
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#16
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,714
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Quote:
Originally Posted by ziggy29
Is this some matter-antimatter collision problem? Or like strapping a buttered-side-up piece of bread to the back of a cat? An immovable object against an irresistable force?
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Mr. Ziggy sir, I would never challenge a person of your stature (oh great and powerful oz?). Please forgive my presumptuousness. This is not a contest I wish to win - I hope you're right.
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02-23-2009, 01:30 PM
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#17
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Recycles dryer sheets
Join Date: Jan 2009
Posts: 170
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Quote:
Originally Posted by Grep
It's a famous saying from ages ago. I'm not sure who first said it.
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I come here to get away from the cheesy sayings.
"Buying opportunity of our lifetimes".
"You can't time the market".
"Market climbs a wall of worry". 
It is amazing how CNBC can spin anything positive. Market down 18% for the year. Stocks are bigger bargains. 6 months from now you will be kicking yourself for not buying today.
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02-23-2009, 01:38 PM
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#18
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Recycles dryer sheets
Join Date: Sep 2006
Posts: 312
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Whatever. "When the time comes to buy because there is blood in the streets, and it's obviously a buying opportunity of a lifetime, we can time the market and climb a wall of worry, since stocks are bigger bargains and, though you won't want to buy, 6 months from now you will be kicking yourself for not buying today!"
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02-23-2009, 01:40 PM
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#19
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Uh, oh--it's ultimate economy wrestling! In this corner, the Zigmeister with his USO win tucked firmly beneath the belt, faces off against newcomer MichaelB, who refuses to capitulate against all odds! Will they both take one for the team?
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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02-23-2009, 01:45 PM
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#20
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Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
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Thanks, Zig, that's as good a buy signal as any. I'm gonna run it thru the ole ouija test.
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