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03-23-2009, 05:56 PM
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#21
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Full time employment: Posting here.
Join Date: Oct 2002
Posts: 717
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Geithner's piss on the taxpayer plan has the wall street crowd salivating over easy money. As soon as the new money piling in starts to wane, someone will change the plan, wall street will get nervous and a whole new down leg will result. I give it a month.
__________________
Random Reinforcement is Highly Addictive.
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03-23-2009, 06:04 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: Jan 2007
Location: New Orleans
Posts: 47,500
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Whee, what a great day for the market! The increase in my portfolio since yesterday could pay for a whole year of ER. Let's keep our fingers crossed and hope it isn't over. I just love it when the roller coaster is headed up, up, up.... 
__________________
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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03-23-2009, 06:59 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: Apr 2003
Location: Hooverville
Posts: 22,983
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Oh-oh. Your enthusiasm has not had a good record. 
ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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03-23-2009, 07:08 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: Jan 2007
Location: New Orleans
Posts: 47,500
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 Quote:
Originally Posted by haha
Oh-oh. Your enthusiasm has not had a good record.
ha |
 OK, I will try to restrain my exclamations just a little bit, anyway. Here you go:
Wheee!!!
__________________
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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03-23-2009, 07:54 PM
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#25
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2005
Posts: 5,381
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For someone who actually sold two weeks ago during this discussion, http://www.early-retirement.org/foru...own-42868.html what would you do now?
The market is up ~20% since you sold. Do you stay on the sideline, or jump in here?
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03-23-2009, 08:02 PM
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#26
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Recycles dryer sheets
Join Date: Feb 2006
Posts: 146
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I suggest one maintains their target asset allocation. Jumping in and out is a market timing and you will ultimately lose. Could be a bear market rally and we will be back down to DJIA 6500. Or it could be the beginning of a 50% uptick. Who knows?  The answer is blowin in the wind.
The problem with people (like me) who overstimated their tolerance for equities and have adjusted their target stock asset allocation downward (by the market itself or by selling) will have to maintain discipline and keep their target asset allocation. You can't have it both ways.
__________________
The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of misery.
Winston Churchill
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03-23-2009, 08:23 PM
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#27
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,712
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Dual signs of a bottom.? How ‘bout this.
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03-23-2009, 08:26 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: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by MichaelB
Dual signs of a bottom.? How ‘bout this.
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Do you have one where her sweet bottom is not fuzzed out?
ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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03-23-2009, 08:31 PM
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#29
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,712
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Quote:
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OK you got some credit. Were you also smart enough to get out at the top?
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Out, in, out, in ... kinda like sex that ended badly.
Quote:
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OK, so you coud have, or might have, called the bottom. OTOH ... OK, you da man.... maybe
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Alright, so it was a fluke. My past is littered with the consequences of bad market timing. If a broken clock gets it right twice a day, this is my first.
So tell us. What’s next? How much, when. Like the man said ... “just the facts ma’am. “ Or all you just a bitstream of anonymous keystrokes?
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03-23-2009, 09:37 PM
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#30
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,950
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Quote:
=haha;799195
If this continues much longer we will no longer be suitable objects of derision from the cash crowd. And gallows humor will seem quaint. But perhaps I should wait a while...
Ha
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Ha - Between 1929 and 1932, when the dow lost almost 90% of it's value, there were rallies (from trough to peak) of 52%, 19%, 28%, 31%, 39%, and 29%.  Unfortunately, there were losses (from peak to trough) of -49%, -30%, -38%, -39%, -45%, -41%, and -55%. 
Me? I'm not all cash or all-in, about 55% equities as of the end of the day. (Kiss of death for the rally statement: This rally is beginning to look like a bunch of big money sitting there on the sidelines with lots of cash and maybe starting to realize that they have "too much" cash come March 31st fess-up time.)
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03-23-2009, 09:48 PM
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#31
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
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Me? I'm not all cash or all-in, about 55% equities as of the end of the day.
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Our AA is only 50% equity.
__________________
May we live in peace and harmony and be free from all human sufferings.
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03-23-2009, 10:14 PM
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#32
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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 MichaelB
Dual signs of a bottom.? How ‘bout this.
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A place to visit the next time im in St Pete! thanks
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03-24-2009, 08:57 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: Jun 2006
Posts: 12,880
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__________________
Al
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03-24-2009, 01:56 PM
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#34
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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T-Al, I can't imagine what they're lining up for...
__________________
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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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03-24-2009, 02:08 PM
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#35
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Quote:
Originally Posted by Nords
T-Al, I can't imagine what they're lining up for...
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Free examinations? "If you have a 'going' problem, it might be a growing problem!"
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03-24-2009, 02:11 PM
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#36
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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
T-Al, I can't imagine what they're lining up for...
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"Hello? I heard you have an opening for a proctologist..."
__________________
"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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03-24-2009, 02:12 PM
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#37
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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 Nords
T-Al, I can't imagine what they're lining up for...
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Their daily "ration" 
__________________
“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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03-24-2009, 06:35 PM
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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: Jul 2008
Posts: 35,712
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03-24-2009, 07:09 PM
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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: Feb 2008
Location: East Nowhere, 43N Latitude, NY
Posts: 9,037
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T-Al, many things went through my innocent mind when I saw your post. But I controlled myself from responding all day. 
However...the one thought that has remained until tonight is "Thank God he shaved today".
__________________
"All our dreams can come true, if we have the courage to pursue them." - Walt Disney
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03-25-2009, 09:13 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: Jan 2006
Location: Rio Grande Valley
Posts: 38,141
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On Monday March 23, my asset allocation got back to where I rebalanced it on Jan 16!
Audrey
P.S. - TromboneAls picture is a job fair! I guess the sign out front said something like - "Brownnosers apply here!".
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