Here comes the recovery...

[ziggy29]

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.

 

[Coach]

Thanks Ziggy, I sure hope it works!

Coach

 

[cardude]

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.

 

[TromboneAl]

We're counting on your voices, Ziggy!

 

[Dawg52]

Cool. I guess that is pretty close to capitulation.

 

[FIREd]

Thanks for your sacrifice Ziggy. Hopefully the markets gods won't need many more sacrifices before turning things around!

 

[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...

I really am sorry , but at least Ziggy will feel better

 

[ikubak]

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.

 

[ziggy29]

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...

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?

 

[Gpond]

Maybe we can get Buffet to write another Op Ed "I'm buying U.S. stocks, you should too". 3rd time is the charm?

 

[Bestwifeever]

Ziggy, thank you for finally [-]copulating[/-] capitulating, and in public, too....

 

[Gpond]

Paul Vocker says U.S. capitalism model has failed.

I.E. SHTF.

YouTube - Volcker: Mother of all Financial Crisis in US - Federal Reserve is a serial killer? WASoF

 

[Grep]

"When the time comes to buy, you won't want to!"

 

[Gpond]

"When the time comes to buy, you won't want to!"

You work for CNBC?

 

[Grep]

It's a famous saying from ages ago. I'm not sure who first said it.

 

[MichaelB]

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?

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.

 

[Gpond]

It's a famous saying from ages ago. I'm not sure who first said it.

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.

 

[Grep]

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!"

 

[Bestwifeever]

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?

YouTube - CAMERON FROST VS CALE CONNER - ULTIMATE WRESTLING 11/1/08

 

[CuppaJoe]

Thanks, Zig, that's as good a buy signal as any. I'm gonna run it thru the ole ouija test.

 

[Gpond]

YouTube - The Folly of Lemmings

 

[MichaelB]

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?

Still, I can't help but worry that Ziggy is getting out of the way just in time and it may turn out more like this
YouTube - Samuel L. Jackson Dies

 

[Gpond]

Listening to Ray Lucia.

"Thank goodness we are bucketized".

Major indexes are back to 1997 levels. What will the spin be if they go back to 1994 levels? His the market is never down any 15 year period.

 

[hankster]

Good ol' Ziggy! Takin' one for the team

I'd log on to my account and start buying, but I'm afraid to see the balance on the stock side of my portfolio

 

[ziggy29]

Major indexes are back to 1997 levels. What will the spin be if they go back to 1994 levels? His the market is never down any 15 year period.

I guess the Buckets 1 and 2 would have to get larger, like 20 years. And God help us if it becomes more than 20.