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It's the end of the world....

Discussion in 'The Attic' started by winbig, Oct 6, 2008.

    Oct 6, 2008
  1. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    As we know it........and I feel fine...
    You must register/login in order to see the link.

    MARKET IS UNDER 10K! :eek: :eek2: :eek: :eek2: :eek: :eek2: :eek:

    You must register/login in order to see the link.

    You must register/login in order to see the link.

    Russia suspends trading after 15% drop:

    You must register/login in order to see the link.

    :D :D :D I LOVE YOU GEORGE W BUSH
     
  2. Oct 6, 2008
  3. NASHVEGAS

    NASHVEGAS Banned User - flamming, disrespecting admin,

    Occupation:
    LOL
    Location:
    MERS
    The ultimate buy signal:thumbsup:
     
    2 people like this.
  4. Oct 6, 2008
  5. Casinomeister

    Casinomeister Forum Cheermeister Staff Member

    Occupation:
    Homemaker
    Location:
    Bierland
    AHHHH! ANTHRAX ATTACK!!!

    BIRD FLU!!!

    DEADLY AFRICAN BEE INVASION!!!

    THE SKY IS FALLING!!!!

    :rolleyes:
     
    7 people like this.
  6. Oct 6, 2008
  7. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    :lolup: :lolup: :lolup:

    eh, you forgot SARS!
     
  8. Oct 6, 2008
  9. NASHVEGAS

    NASHVEGAS Banned User - flamming, disrespecting admin,

    Occupation:
    LOL
    Location:
    MERS
    EXACTLY!!!!.....A true Contrarian (with cash, like blood in tough times) sees opportunity, not doom and gloom.....The market after the one day 25% drop in the Dow on October 19,1987 did not reach it actual lows to December 1st,1987, I remember so check the dates,LOL.....Bet,lol, all wish they would have bought a little Coke (not that kind), GE, Microsoft, Walmart and all the NY banks (Chemical,Manny Hanny,Chase,Citi,etc) which were on their way to single digits from triple digits in most cases (adjusted for splits) and finished.

    Psychology based on doom and gloom usually is great indicator of market bottoms (or soon to be) for the long term investor as the market has always been a lead lag indicator....you don't have to be a hero (mortgage backed securities, hedge funds, derivatives, short selling, writing naked call and put options, buying on margin, blah,blah) but a well-diversified portfolio of Blue Chip stocks bought today has a positive expectation historically of approx. 10%.* (and applying the rule of 72 you would double your investment every 7.2 years on average keeping it simple)

    Yes, I am aware of most of the possible flipside arguments and exceptions like the Nifty 50, timing the market, on and on but try those arguments with Mr.Buffet.

    Consistent dollar cost averaging may be the best course for those interested in risk vs. reward investing for the long term. Afterall, the market is gambling that requires great discipline and money management skills but over the long term has proved to have a positive expectaction. Imagine that;)

    The wealth effect is felt even by the financially secure (or less secure than y-day granted:eek::eek2::eek:) and wealthy. The wealth effect has a trickle down multiplier effect on the whole economy most specifically to consumer spending which comprises how much of GNP:rolleyes:.

    The above said, the market has always recovered with long term positive expectations for those ready, willing and able to stay the course (I agree easier said that done). Just looking at the brightside of the darkside which is definitely is in play.

    I guess I should add the following Disclaimer: Past performance of the market is not reliable as a future indicator of market performance.
     
    2 people like this.
  10. Oct 6, 2008
  11. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
     
  12. Oct 6, 2008
  13. NASHVEGAS

    NASHVEGAS Banned User - flamming, disrespecting admin,

    Occupation:
    LOL
    Location:
    MERS
    Silly me:D
     
    1 person likes this.
  14. Oct 6, 2008
  15. babs7262

    babs7262 Banned User

    Occupation:
    On Disability,p/t online slots reviewer
    Location:
    PA
    This sounds horrible and I dont mean it to sound that way but Rich and I couldnt be in a better position based on the fact that we never use credit cards, dont have car payment loans and we dont own a home.

    You would think that was a bad thing but it's actually not for us. Our 401K wont be touched for 20 years or so. We pay cash for everything, Rich is a roofer and in construction and everyone must a have a roof, whether it needs to be fixed or completely redone. My SSD wont change, infact I get a raise every January.

    We may even buy a car because the lots are going out of business around here and we could get a great deal on a pretty nice one. Its my family I feel bad for. For once, Im in a stable condition, how ironic
     
  16. Oct 7, 2008
  17. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
    Since this time last year the market has lost 6.4 Trillion dollars in value...now that my friends will buy some nice toys !! :D

    $6,400,000,000,000.00 :eek2:
     
    2 people like this.
  18. Oct 7, 2008
  19. dalzilla

    dalzilla Dormant account

    Occupation:
    Purchasing manager
    Location:
    Known center of universe-Texas!
    The ultimate buy signal _concur!

    I have been regularly adding to my current positions over the last few years; small increments but pretty steady. Both yesterday and today I added to these positions in larger amounts.

    These companies are ones where I believe the fundamentals are basically sound but are caught up in the "panic-mode" where good companies stock prices are getting slaughtered with the not-so-good.

    And yes, these stocks I've added recently have the potential to go lower but then there's the long-term upside..... :D

    Now for disclaimer.... not a professional yadda, yadda, yadda ...should no way be construed as advice to buy or not to buy yadda, yadda, yadda. End disclaimer.
     
    2 people like this.
  20. Oct 7, 2008
  21. jod5413

    jod5413 Is That Better?

    Occupation:
    having a good time doing anything
    Location:
    somewhere on the planet
    :lolup: :thumbsup: :D
     
  22. Oct 10, 2008
  23. winbig

    winbig Keep winning this amount. webby PABnononaccred

    Occupation:
    Bum
    Location:
    Pennsylvania
    How low will it go? :D

    Another 678.91 point drop :rolleyes:

    Gotta love that $700B bailout! It's working wonders!
     
  24. Oct 10, 2008
  25. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
    Haven't you heard...it's no longer called the Bailout Plan...they have assigned it a more socially responsible name now, it's called the Financial "Rescue" Plan !! and is no longer $700 billion but 850 billion...:rolleyes:

    As the United States of America stands on the verge of irrecoverable bankruptcy, U.S. Senators have decided to orchestrate a final "blowout" spending spree by dressing up the financial bailout plan with so much bloated pork that no lawmaker can resist its lure. The so-called "rescue plan" (renamed from "bailout plan" by Washington language police) has now ballooned into a 450-page overstuffed pork sandwich, featuring layer upon layer of outlandish expenditures tied to the bill like too must ballast on a sinking ship:

    Tax breaks for NASCAR race tracks
    Big handouts to Virgin Island rum makers
    Yet more tax breaks for Hollywood film producers
    Gifts to companies researching wool
    Huge tax breaks for companies like Microsoft and GE


    ... and many other handouts yet to be discovered in its 450 pages of pork.

    What began as a financial bailout bill to save the future of America's economy has become a free-for-all financial blowout that will only accelerate its demise. What's astonishing here is that even on the verge of financial collapse, Washington lawmakers are incapable of coming to their senses. They offer the same solution to every problem: Spend more!

    "This is how Washington works,'' said Keith Ashdown, chief investigator at Taxpayers for Common Sense. "A big pot of pork is their recipe for final passage."
     
    3 people like this.
  26. Oct 10, 2008
  27. GGW Laurie

    GGW Laurie Dormant account webmeister

    Occupation:
    Self Employed
    Location:
    In the Beautiful South !!
    what in your honest opinion do you see headed this way rob, i know thats a loaded question, will there be a run on the banks, people pulling all their money out, total collapse of the country? i just would like to know your own personal thoughts on this matter as its gonna affect every last one of us, i know you cant see into the future but you have a good political head on your shoulders and maybe you can share your veiws..........................laurie
     
  28. Oct 10, 2008
  29. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
    Laurie, if I answer that question on what I truly believe then I will be considered a bigger crackpot and conspiracy theorist than people already think I am...but I will say this, things are IMO going to get a hell of a lot worse overall before they ever get better...this IMO is only the beginning !!

    Everything that you see happening now is just the forerunner to what has been predicted and foretold in the most sold book of all times...;) If you know what I am talking about you will know of all the other revelations that have already come to pass...sorry for being so cryptic here...:)
     
    1 person likes this.
  30. Oct 10, 2008
  31. Westland Bowl

    Westland Bowl Tin Foil Hat Club Member CAG PABnonaccred

    Occupation:
    not applicable
    Location:
    America
    We've trusted too much in people who love money and power. They made sure we are dumbed down by our education system; they made sure that standard medical protocol doesn't heal you but just "manages" your diseases; they make sure you get diseases by putting various ingredients in our food that messes with your brain to cause obesity and chronic illnesses; they filter the news that you hear so that you don't learn what you should; they encourage deviant behaviour; they provide hours and various different forms of entertainment to keep us from really bettering and educating ourselves; they create economic and banking systems that is based on debt instead of incremental growth in productivity and thereby shifting ownship of assets from you to them via the buying out of banks, insurers, mortgage companies, etc. They make us sheep to be sheared of everything.

    The Federal Reserve is not a governmental office despite what their website says. They do not get government appropriations. The Fed is owned by shareholder banks who are in turn owned by foreign people such as the Rothschilds. It is possible that banks and mortgage companies that are taken over by the Fed will eventually enforce eviction actions against Americans who don't make their payments. You might think that just how the hell will they find people to buy their houses if most Americans are evicted? Well, there are enough people from other countries who may like to live here. Maybe we become a Chinese Annex country?

    This will call for a police state against evicted Americans who would cause rioting and protesting. Various conspiracy related websites mention the existence of detention camps starting back in the 1990s. Would it go this far? I hope not but what the hell are they preparing for behind our backs for the past twenty years? They knew these days were coming a long, long time ago.
     
    6 people like this.
  32. Oct 10, 2008
  33. RobWin

    RobWin closed account

    Occupation:
    Who knows?
    Location:
    A Vault!
    West, have we met..do I know you...I think we both graduated from the same conspiratorial school...which IMO is a good thing, welcome my brother...LOL...:thumbsup:
     
    2 people like this.
  34. Oct 10, 2008
  35. NASHVEGAS

    NASHVEGAS Banned User - flamming, disrespecting admin,

    Occupation:
    LOL
    Location:
    MERS
    All now just appears to be trial and error, increasing FDIC insurance to $250K (you could do that anyway but now just a little less hassle) and banks now are increasing savings rates to attempt curbing the run which is contrary to the prior steepening of the yield curve so the consumer could recapitalize the banks....so do you think there may already be a run not that we would be the first to know???

    Did lenders really increase their underwriting guidelines (yes and no), stop foreclosing (not by their own choice eventhough workouts make sense in some cases) or are the lenders just broke where in order to meet reserve requirements, they simply can not even lend to the creditworthy to buy a car or afford the expenses to continue foreclosing.....as soon as there soon to be new partner,THE GOVERNMENT, (funded by the US taxpaxer) , supplies enough operating capital, I bet all the foreclosure workouts cease (which may be a necessary evil but funny how the Housing Bill never addresses the yield base spread pricing done by loan officers and loan brokers in order that they can continue to rob the consumer blind with absolutely no disclosure even required)

    Agree.....and someone let me know when that recession arrives:rolleyes::rolleyes: (you know it is not a recession until the government decides there is negative GDP growth *cough* after the election).....our generation, imo , could not handle a real depression so maybe we are thinking the same thing, everyday it appears to be happening so fast with the ass clowns (did you see Cramer, lol, y-day go off on Bernanke for the millionth time?) having no clue (whether Donkey or Elephants) as now it just appears to be trial and error experiments:confused::eek::confused:....could we eventually see the end of what is left of a true Democracy??, just a question that I discussed with a few locals today!!
     
    1 person likes this.
  36. Oct 10, 2008
  37. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

    Occupation:
    I do nothing productive
    Location:
    Hell on Earth
    I don't mean to blow my own horn (well yes actually I do)... I predicted the fall in the stock market if the bail out was signed... and I'll give you all another prediction...

    Our current leader (and the ones waiting in the bullpin - Obama, McCain) don't have a clue as to the depth and breadth of this current crisis. They all helped to cause it and they just can't see the problems and are in most cases part of the problem itself.

    The so Called "Bail Out" did nothing but speed up the eventual crash of the entire system...

    Think about this... According to the "Experts" there are two crises, one is the Credit Crisis, that all the politicos are talking about... But the real important crisis is the one no one wants to talk about. The world wide loss of Confidence in the US Monetary System.

    The United States Money is not "backed" by Gold, Sliver, Oil or any hard asset. The only way the current US monetary system works is if everyone in the world has CONFIDENCE that the USA's economy will be able to back its money... So in other words, the US Dollars are "backed" ONLY by CONFIDENCE in the US system.

    CONFIDENCE in the US Monetary System no longer exists in the world, so the system can NOT function as it has in the past.

    Let me repeat this

    CONFIDENCE in the US Monetary System no longer exists in the world, so the system can NOT function as it has in the past.

    The Confidence Crisis, is the real threat to the world as we know it and no one in power in the US (or wanting to take power) is even talking about the world wide loss of confidence in the US Monetary system or what we can do to limit the damage from this loss of confidence or what system to replace the old system with... In other words, the powers that be are sticking their heads in the sand and hoping that it will all just work out, if the Federal Reserve will print enough worthless money...

    OK here is my Prediction for the near future.... Hyper-Inflation, will be next. You can expect your worthless dollars to purchase next to nothing as people begin to realize that the US Greenbacks in their pocket are in fact worthless.

    Oh, the Fed will continue to cut interest rates in an effort to slow or stop the Hyper-Inflation, but it won't work. Whats the good in cutting Interest rates on worthless money???
     
    3 people like this.
  38. Oct 10, 2008
  39. GamTrak

    GamTrak Banned User - flamming - too anoyaing PABaccred

    Occupation:
    Self employed - GamTrak LLC
    Location:
    Denver, CO
    Lots, West, Rob and Nash, you guys have some valid points and I really hope that more people will become more aware of what is going on.

    I was never for this bail out crap because there is not enough money to bail out everyone that is in trouble and many will be hurt and businesses closed.

    Paulson already told us that more banks will fail and it's my belief that our US Government does not have a clue as to what the hell they are doing and we need to address the problem asap.

    When I saw how they porked up that bill by $150 billion I lost my faith and trust in Bush/Paulson as well as Frank, Dodd and others that should have seen this coming.

    How can they say that we are in trouble while giving money to the organizations that will not benefit all of us or help the economy? The scariest part is that not very many people realize what is going on.

    I certainly do not like to think that our government is against it's people because I don't believe that, but I have no confidence in the current clowns in office and running the show at the distruction of our country!
     
    3 people like this.

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