greg
Thinks s/he gets paid by the post
- Joined
- Jun 1, 2005
- Messages
- 1,071
REWahoo! said:Very Charmin.
I think you've wiped up the entire mess that SG started.
REWahoo! said:Very Charmin.
MRGALT2U said:This is "doo" all right, and "persistant"? What the hell is that?
JG
. . . Yrs to Go said:Thank you, brewer, for helping to keep my index funds efficiently priced.
Apocalypse . . .um . . .SOON said:Yup, many people feel that things are not right in these times. I wonder what is causing this feeling? All the government numbers seem to tell us everything is fine, hunky-dory.
Isn' this how the scientist basically starts out? Scientist: That theory we've been using for years to explain things just doesn't feel right. Plus there are anomalous events that can't be explained with it. Something isn't right. But the other people who have a stake in that theory just keep arguing that I'm irrational in my quest. I need a deeper, better theory that encompasses not just what those other scientists say but, also, explains those events that they deny exist. I'll get right on it.
brewer12345 said:Actually, I can probably thank all the indexers for leaving attractive equities out of the indexes and therefore available at a bargain price. Most of the time when something I own gets added to a major index, it gets ridiculously bid up and I sell.
Bonds, in particular, appear to be badly mispriced by the market on a regular basis. Indexes of bonds are even messier because the biggest (lousiest) debtors take up the largest portion of the indexes (think Ford, GM, etc.). Stuff that is already beaten down and out of the index is often worth par plus accrued (minimum) but is priced like it is going to be a goose egg.
Don't blame me. It's all those Minnesotans with the runs.Apocalypse . . .um . . .SOON said:I think you've wiped up the entire mess that SG started.
Apocalypse . . .um . . .SOON said:I don't even know anymore.
((^+^)) SG said:Don't blame me. It's all those Minnesotans with the runs.
WhodaThunkit said:Maybe it's because a lot of people aren't sharing in the growth, and don't think that things are so good after all as far as they are personally concerned. My entire division of megacorp got zero, zip, zilch for a raise this year, despite record earnings, just as one example. So for me, the economy really stinks, especially given the inflation rate. In other words, despite all of the economic "growth," I lost about 4%, and so did a lot of other people I personally know.
I know that is cold comfort to the person who loses his job to a machine, but it should give the dispassionate observer reason for optimism.
Maybe it's because a lot of people aren't sharing in the growth, and don't think that things are so good after all as far as they are personally concerned. My entire division of megacorp got zero, zip, zilch for a raise this year, despite record earnings, just as one example. So for me, the economy really stinks, especially given the inflation rate. In other words, despite all of the economic "growth," I lost about 4%, and so did a lot of other people I personally know.
. . . Yrs to Go said:Plenty of indexes (mid-cap, small-cap, micro-cap), don't know why everyone thinks the S&P 500 is the only game in town.
For bonds, par plus accrued is all you ever get (unless on the very rare occasion you get misallocated equity coming out of bankruptcy).
Cut-Throat said:Don't you think eventually that All Americans will lose their jobs to a Chinese laborer making $5 a day? - I can't see how the American Middle Class standard of living won't be going down in the next 20 years!
Not quite-- I'm going to tell my kid to move to Minnesota and learn to be a plumber. How many toilets are there in that state anyway?Cut-Throat said:Don't you think eventually that All Americans will lose their jobs to a Chinese laborer making $5 a day?
Tell him to bring hip boots, so he can wade through all that liberal ca ca!Nords said:Not quite-- I'm going to tell my kid to move to Minnesota and learn to be a plumber. How many toilets are there in that state anyway?
Cut-Throat said:Don't you think eventually that All Americans will lose their jobs to a Chinese laborer making $5 a day? - I can't see how the American Middle Class standard of living won't be going down in the next 20 years!
((^+^)) SG said:Don't blame me. It's all those Minnesotans with the runs.
Yes. This is the easy problem for Greg to solve. Buy a low fee international index fund. But what is he going to do about that toilet?justin said:So... the moral of the story is hedge your US bets with a substantial allocation to a globally diversified portfolio? (Don't tell anybody but a lot of passive investors do this already )
((^+^)) SG said:Yes. This is the easy problem for Greg to solve. Buy a low fee international index fund. But what is he going to do about that toilet?
Apocalypse . . .um . . .SOON said:Reversion to the mean. Happens all the time. Cheer up, a billion Chinese will be better off.
Ah, yes -- macroeconomic theory. If it only worked . . .. . . Yrs to Go said:- but I guess it is always easier to succumb to the natural fear of change.