LeftyFingerPop
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Mon Sep-22-08 09:55 AM
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Anyone who thinks this is a "buying opportunity" in the stock market is a damn fool. |
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Be careful, and protect yourself.
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DrDan
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Mon Sep-22-08 09:56 AM
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1. there will be millions made . . |
LeftyFingerPop
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Mon Sep-22-08 09:56 AM
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DrDan
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Mon Sep-22-08 11:35 AM
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15. by people a lot smarter than me |
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maybe they sell short and take advantage of a dropping market - in some sectors
maybe they have access to cheap mortgages
You can't float $700B without some getting rich.
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Burma Jones
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Mon Sep-22-08 09:58 AM
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3. Buy a shotgun and 500 pounds of rice and beans maybe....... |
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Well, if the Dow goes down to 8,000...maybe then I'll buy......
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wtmusic
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Mon Sep-22-08 09:58 AM
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How long have you been investing? |
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Do you have any historical basis for your opinion?
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Warpy
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Mon Sep-22-08 09:58 AM
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4. I've been sitting on my hands for months |
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and I have a very large chunk of change ready to go and a few things I want to pick up.
This is far from over. It won't be over until these thieves are long out of office.
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dmallind
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Mon Sep-22-08 10:00 AM
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5. So your thought is the market will never exceed this level again? |
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Or at least never within the timeframe of anyone saving for retirement now?
That's about 40-45 year timeframe that you're saying we'll never see DJIA at 11K again?
If you are that prescient I'd be impressed. I bet you're wrong.
People have said the same many times during many downturns. They were all wrong.
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slackmaster
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Mon Sep-22-08 10:00 AM
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6. Does that include people who are investing what they can every month |
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Edited on Mon Sep-22-08 10:00 AM by slackmaster
i.e. dollar-cost averaging over the long haul?
My general strategy is NOT to do what everyone else is doing, especially when people are reacting out of panic.
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gravity
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Mon Sep-22-08 10:03 AM
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7. This is the signal that it is time to buy |
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The best time to buy is when everyone panics and there is blood on the streets
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On the Road
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Mon Sep-22-08 10:56 AM
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8. Yup, I Used to Subscribe to Bloodinthestreets.com |
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which was a stock picking service based on that philosophy. A small number of their picks went bankrupt, but an overwhelming majority recovered.
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gravity
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Mon Sep-22-08 11:05 AM
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9. I wouldn't buy anything that risks going bankrupt |
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Buy solid companies with good balance sheets
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On the Road
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Mon Sep-22-08 11:13 AM
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13. Well, You Have a Choice |
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How it works is that they publish a list of target stocks and three descending price levels to buy at. The first one you buy 1%, the second 2%, and the third 3% of your portfolio. There is a sell price once the stocks begin to recover.
They target companies with real assets to reduce the risk of bankruptcy, but if you are worried about a particular stock you can just stay away from it. The ones I had problems with were MCI (which cooked its books) and Excite/At Home. The rest performed much better than the market average.
BTW, for some reason it's now call www.getfolio.com.
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tuckessee
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Mon Sep-22-08 11:07 AM
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10. It's like buying "downer" cows for a song. n/t |
1awake
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Mon Sep-22-08 11:09 AM
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RB TexLa
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Mon Sep-22-08 11:11 AM
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12. You are not limited to American stocks. With the government about to aid in devaluing the dollar |
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there are great buying opportunities.
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El Pinko
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Mon Sep-22-08 11:13 AM
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14. Same goes for the housing market. |
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If you are in CA, Phoenix, Vegas, S. FL, DC Metro, Austin, Jackson Hole, this is nowhere NEAR the bottom, and those markets are all still extremely high-priced relative to local incomes.
I predict that the median for a house in California will be between $200 and $200K before this is through (down from about $500K in 2006 - already about $350K at present).
No reason to think that the drops will be any less precipitous in low-pay, low-quality-of-life areas like Vegas and Phoenix.
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DU
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Fri Apr 26th 2024, 07:18 PM
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