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10-06-2008, 11:13 AM
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#41
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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I think he's just planning on shooting himself by next week if this continues 
Good news though...it might get you out of your mortgage.
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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10-06-2008, 11:34 AM
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#42
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Once again we have an event that let's us truly know if we are comfortable with our risk level.
Dow is down 30% for the year. In 1929 it started a drop that eventually led to an 89% reduction in value. But if you take out the last month I think it's only barely in Bear territory. The time horizon is too short to call a trend. Stay strong, distribution phas-ers! 
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10-06-2008, 11:42 AM
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#43
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Dawg52 was 52, but aren't you 53 by now? I know I am.
I feel the same way, no CNBC for me. And although we have several years of cash, I don't feel to inclined to invest any cash. What if we need it?
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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10-06-2008, 11:42 AM
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#44
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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 cute fuzzy bunny
I think he's just planning on shooting himself by next week if this continues
Good news though...it might get you out of your mortgage. |
No mortgage. And if I tried shooting myself, I would miss. Notice my new avatar? 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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10-06-2008, 11:43 AM
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#45
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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 Martha
Dawg52 was 52, but aren't you 53 by now? I know I am.
I feel the same way, no CNBC for me. And although we have several years of cash, I don't feel to inclined to invest any cash. What if we need it? |
54. 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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10-06-2008, 11:51 AM
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#46
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Ha Ha, I am not 54 until January 1!
Do you want me to change your screen name? 
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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10-06-2008, 11:53 AM
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#47
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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 Martha
Ha Ha, I am not 54 until January 1!
Do you want me to change your screen name? |
Yeah....go ahead. 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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10-06-2008, 11:54 AM
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#48
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Recycles dryer sheets
Join Date: Mar 2007
Location: Tampa/St Petersburg, FLA
Posts: 314
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I vow not to look at the bottom line of my portfolio until the market starts to recover - 
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10-06-2008, 11:55 AM
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#49
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Quote:
Originally Posted by Martha
I feel the same way, no CNBC for me. And although we have several years of cash, I don't feel to inclined to invest any cash. What if we need it?
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I am also avoiding CNBC . I have several years in cash , a complete chick flick collection , a good book and some chocolate so I'm golden .
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10-06-2008, 11:59 AM
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#50
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Hmm, think I'll go on vacation. Uh wait, I am on one...more or less. 
__________________
There's no need to complicate, our time is short..
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10-06-2008, 01:07 PM
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#51
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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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I am going to watch CNBC and Cramer.
I don't normally, but it will be good for me to become a bit more hardened to their scare tactics. Besides, how can I deride them if I don't watch?
__________________
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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10-06-2008, 01:11 PM
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#52
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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: 38,147
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Great point! 
Audrey
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10-06-2008, 01:20 PM
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#53
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Thinks s/he gets paid by the post
Join Date: Jan 2004
Posts: 2,049
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I'm funding my 401k this week with more 2008 contributions. I am also trying to tell myself that losing my not-insubstantial trading account isn't a tragedy. After all, most of the gains were from outsized returns - easy come, easy go. :/
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10-06-2008, 01:26 PM
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#54
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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 eridanus
I'm funding my 401k this week with more 2008 contributions. I am also trying to tell myself that losing my not-insubstantial trading account isn't a tragedy. After all, most of the gains were from outsized returns - easy come, easy go. :/
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Well, I'm still about where I was at the end of 2004, so it's not all of the 2003-07 gains are gone...
__________________
"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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10-06-2008, 01:30 PM
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#55
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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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Perhaps I should point out for those with nerves of steel:
The Saint's play the Vik's tonight on Monday Night Football - live from the Superdome.
The Saint's 4th qtr often scares me more than Mr Market.
heh heh heh -  No computer driven auto rebalance in football.  .
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10-06-2008, 01:32 PM
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#56
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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 unclemick
The Saint's 4th qtr often scares me more than Mr Market.
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If that scares you, you would have been scared witless by the Texans' final five minutes against Indy. Talk about giving one away. Sad thing is, it's only the *second* worst collapse in the history of Houston pro football.
__________________
"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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10-06-2008, 01:48 PM
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#57
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Thinks s/he gets paid by the post
Join Date: Oct 2005
Posts: 4,898
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I think there is good reason to have some fear in this economic climate. The housing bubble and the stock market run up occurred in unison-- both built on debt and credit bubble? That's a debate for another thread. But, you know, the DOW began this run up about in 1995 at about 4000. The previous decade was almost flat. This statistic certainly gives me pause.
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10-06-2008, 01:53 PM
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#58
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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 unclemick
The Saint's play the Vik's tonight on Monday Night Football - live from the Superdome.
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I pull for the Saints. I'll let you figure out who to bet on. 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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10-06-2008, 01:55 PM
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#59
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Dow has bounced back, which almost disappoints me. I was hoping to get the capitulation over with and behind us.
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10-06-2008, 02:01 PM
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#60
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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 laurencewill
Dow has bounced back, which almost disappoints me. I was hoping to get the capitulation over with and behind us.
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Nah, not me. I won't a slow and steady death.  Time for a beer run.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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