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03-11-2008, 04:43 PM
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#21
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 798
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 I am feeling really down today, nobody is going to give me credit for calling the exact bottom?
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03-11-2008, 04:53 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: Apr 2003
Location: Hooverville
Posts: 22,983
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 Quote: Cash is worth more than credit. So if you were right and this is a stable bottom, increased net worth will be your reward.
I am personally not so sure that we have achieved "The Bottom".
My personal investment accounts made a high water mark end of last October. However, in spite of considerable equity exposure and no shorts or puts, at the close today I am still even after having withdrawn considerable cash for living expenses.
I have never before seen a bottom where I didn't suffer considerable temporary losses getting there, so I am suspicious.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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03-11-2008, 05:03 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: Jul 2003
Location: Kansas City
Posts: 7,968
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Bacon and Budweiser - if it's good enough for Warren Buffett - it's good enough for me! Hey I'll give you credit for the bottom pick - even if handgrenade wise it bops down from here - what's a few thousand points among forum friends.
Warren may have been early with Kraft and Budweiser - but there is nothing like bacon and beer in a recession/stagflation/bumpy period.
My problem is to SWAG my last est. tax payments so I do have the right amount of mad money.
heh heh heh - still watching ORI also.  .
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03-11-2008, 05:38 PM
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#24
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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Quote:
Do you have a newsletter?
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03-11-2008, 06:11 PM
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#25
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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With apologies to Sir Mix-A-Lot and as tribute to RockOn....
I like calling bottoms and I cannot lie
You other analysts can't deny
That when the FED walks in with an itty bitty rate
And a stack of TIPS in your face
You get sprung, wanna pull out your tough
'Cause you notice that yield was stuffed
Deep in the credit they sharing
I'm hooked and I can't stop swearing
Oh baby, I wanna swap with you
And take your money
My homeboys tried to warn me
But that yield you got makes me so horny
Ooh, Rump-o'-smooth-yield
You say you want my AAA bond?
Well, I'll use you, use you
'Cause you savin' my liqudity risk
I've got clients callin'
Gonna freeze out from sellin'
'Cause I ain't got liqudity yet,
Got it goin' like a turbo 'Vette
I'm tired of magazines
Sayin' this bottom ain't the thing
Take the average hedge man and ask him that
They down with a traunch like that
So, fellas! (Yeah!) Fellas! (Yeah!)
You think I called the bottom yet? (Hell yeah!)
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03-11-2008, 06:18 PM
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#26
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 798
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Quote:
Originally Posted by Marquette
With apologies to Sir Mix-A-Lot and as tribute to RockOn....
I like calling bottoms and I cannot lie
You other analysts can't deny
That when the FED walks in with an itty bitty rate
And a stack of TIPS in your face
You get sprung, wanna pull out your tough
'Cause you notice that yield was stuffed
Deep in the credit they sharing
I'm hooked and I can't stop swearing
Oh baby, I wanna swap with you
And take your money
My homeboys tried to warn me
But that yield you got makes me so horny
Ooh, Rump-o'-smooth-yield
You say you want my AAA bond?
Well, I'll use you, use you
'Cause you savin' my liqudity risk
I've got clients callin'
Gonna freeze out from sellin'
'Cause I ain't got liqudity yet,
Got it goin' like a turbo 'Vette
I'm tired of magazines
Sayin' this bottom ain't the thing
Take the average hedge man and ask him that
They down with a traunch like that
So, fellas! (Yeah!) Fellas! (Yeah!)
You think I called the bottom yet? (Hell yeah!)
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Did you just compose that? Pretty cool 
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03-11-2008, 06:19 PM
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#27
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 798
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Quote:
Originally Posted by Notmuchlonger
Do you have a newsletter?
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Not yet 
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03-11-2008, 06:20 PM
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#28
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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Yeah I did; it's pretty rough though... I'll work on a second draft but I wanted to get some props out there.
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03-11-2008, 06:21 PM
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#29
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,327
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Quote:
ok, Im confused...why do you want credit for calling a bottom when your title clearly says "GET OUT WHILE YOU CAN"?
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03-11-2008, 06:24 PM
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#30
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 798
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Reread the first post, it was a bottom call
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03-11-2008, 06:26 PM
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#31
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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 RockOn
Reread the first post, it was a bottom call |
You have just created 18 months of bad market karma. Good luck. 
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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03-11-2008, 06:40 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: Aug 2004
Location: Laurel, MD
Posts: 8,327
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Quote:
Originally Posted by RockOn
Reread the first post, it was a bottom call |
why would I want to "GET OUT WHILE I CAN", if it's a bottom call, Im buying like crazy, no?
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03-11-2008, 06:41 PM
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#33
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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Quote:
Originally Posted by jazz4cash
why would I want to "GET OUT WHILE I CAN", if it's a bottom call, Im buying like crazy, no?
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tongue in cheek based on always knowing when the bottom is based on headlines saying to get out now because it's going to get worse
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03-11-2008, 06:42 PM
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#34
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 798
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Quote:
Originally Posted by jazz4cash
why would I want to "GET OUT WHILE I CAN", if it's a bottom call, Im buying like crazy, no?
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Sorry, it was a play on words. I meant to do the opposite of what I said. I cannot explain it any better than that.
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03-11-2008, 06:57 PM
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#35
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Recycles dryer sheets
Join Date: Jan 2007
Location: Los Angeles area
Posts: 329
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Oh. My. God, Ben.
Look at that bubble.
It's so... big.
Quote:
Originally Posted by Marquette
With apologies to Sir Mix-A-Lot and as tribute to RockOn....
I like calling bottoms and I cannot lie
You other analysts can't deny
That when the FED walks in with an itty bitty rate
And a stack of TIPS in your face
You get sprung, wanna pull out your tough
'Cause you notice that yield was stuffed
Deep in the credit they sharing
I'm hooked and I can't stop swearing
Oh baby, I wanna swap with you
And take your money
My homeboys tried to warn me
But that yield you got makes me so horny
Ooh, Rump-o'-smooth-yield
You say you want my AAA bond?
Well, I'll use you, use you
'Cause you savin' my liqudity risk
I've got clients callin'
Gonna freeze out from sellin'
'Cause I ain't got liqudity yet,
Got it goin' like a turbo 'Vette
I'm tired of magazines
Sayin' this bottom ain't the thing
Take the average hedge man and ask him that
They down with a traunch like that
So, fellas! (Yeah!) Fellas! (Yeah!)
You think I called the bottom yet? (Hell yeah!)
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03-11-2008, 07:00 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: Aug 2004
Location: Laurel, MD
Posts: 8,327
|
Sorry, Im just slow today. I TRIED to buy into your bottom....rushed home, logged into fidelity 10 min before market close, rebalanced 401k and went to click "submit" and then realized PC is still on standard time and market closed 50 min ago!
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03-11-2008, 07:12 PM
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#37
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 798
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Quote:
Originally Posted by jazz4cash
Sorry, Im just slow today. I TRIED to buy into your bottom....rushed home, logged into fidelity 10 min before market close, rebalanced 401k and went to click "submit" and then realized PC is still on standard time and market closed 50 min ago!
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Ok, it's time to come clean. I had an idea that a bottom could be put in very soon due to the extreme pessimism. I've been watching markets for a long time like many of you and when things get that one sided, an upturn is not surprising. I did actually do some buying yesterday but it was mostly luck. Oh, did I say that. 
Now as far as the bottom call, it is possible that it was a real bottom but I do not know that for sure. I wouldn't act on my call. The market might just turn back down again, it did look like a short covering rally in a bear market to me. Those rallies can fail.
Still want to buy my newsletter? 
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03-11-2008, 07:14 PM
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#38
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 2,020
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Quote:
Originally Posted by jazz4cash
Sorry, Im just slow today. I TRIED to buy into your bottom....
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At least that's what Spitzer said!
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03-11-2008, 07:19 PM
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#39
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Full time employment: Posting here.
Join Date: Jan 2008
Posts: 798
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Quote:
Originally Posted by jazz4cash
Sorry, Im just slow today. I TRIED to buy into your bottom....rushed home, logged into fidelity 10 min before market close, rebalanced 401k and went to click "submit" and then realized PC is still on standard time and market closed 50 min ago!
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Are you pullen my chain?
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03-11-2008, 08:44 PM
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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: Aug 2004
Location: Laurel, MD
Posts: 8,327
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No.......I've had fairly awkward adjustments into and out of DST. When I realized on Monday that my PC did not auto-update, I vaguely recalled hearing that the time change was earlier than usual, so I figured if I re-set it manually, it would auto-update on the traditional date, I would get out-
of sync....anyway that's my story and I'm sticking to it!
Maybe I am pulling your chain a bit as I was not rebalancing directly as a result of your post. I had decided to sell into any short term rallys to refill bucket #1 for kid's tuition expenses.
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