Man.....Is nobody else enjoying watchin' this stock market swan dive?????

[Starbuck1975]

I can also agree with that. Prime example: Fvcking house flippers driving up real estate for the quick buck. Everyone pays for their quick gains.

Tell me about it...I am making more at the outset of my career then my parents made as a combined income, yet I can't afford a house thanks to the insane housing market...I refuse to pay 700k for a starter home, and I sure as hell am not stupid enough to take out one of these high risk mortgages just to say I have a McMansion.

 

[Ricochet]

I been watching the market very closely since a month ago. While most are in a selling mode, I'm in a buying mode. Mainly I look for reputable companies who are hitting their 52 week low.

 

[Slew Foot]

Originally posted by: Starbuck1975

I can also agree with that. Prime example: Fvcking house flippers driving up real estate for the quick buck. Everyone pays for their quick gains.

Tell me about it...I am making more at the outset of my career then my parents made as a combined income, yet I can't afford a house thanks to the insane housing market...I refuse to pay 700k for a starter home, and I sure as hell am not stupid enough to take out one of these high risk mortgages just to say I have a McMansion.

Im predicting a 50-70% drop in housing prices in the main bubble markets (Phoenix, Sacramento, San Diego, Florida, Las Vegas). Just sit tight and watch the flippers gasp for air the next two years.

 

[Excelsior]

Originally posted by: Starbuck1975

I can also agree with that. Prime example: Fvcking house flippers driving up real estate for the quick buck. Everyone pays for their quick gains.

Tell me about it...I am making more at the outset of my career then my parents made as a combined income, yet I can't afford a house thanks to the insane housing market...I refuse to pay 700k for a starter home, and I sure as hell am not stupid enough to take out one of these high risk mortgages just to say I have a McMansion.

Move, if you can. 700k is ridiculous for a starter home.

 

[zephyrprime]

Originally posted by: redgtxdiExcept that only makes sense if you bought 5-1/2 years ago & sold today! And even then there have been newer, more profitable investments in such instances like "EFT's" where you'd have certainly made more money in a one-time investment due to fee relief from such investments which were not available in any presidency before Bush's.

Everything in between was as traditionally money-making as ever if you dollar-cost-averaged over the last 5.5 years and/or if you actively managed your investments with dollar-cost-averaging and hedging to protect yourself you possibly made a butt load of money!

What is an eft? Don't you mean ETF? ETFs existed before bush. They're just more popular now.

 

[daniel49]

Originally posted by: redgtxdi
Harbingers of doom????

Anybody???

http://moneycentral.msn.com/investor/ch...1&D7=&D6=&D3=0&ShowChtBt=Refresh+Chart

The sky is falling!! The sky is falling!!

 

[WhipperSnapper]

Originally posted by: techs

Bush takes office Jan20, 2001 Dow 10,587
Just checked, now its 5 1/2 years later Dow 10,958
Have I mentioned this terrible performance is despite 2 trillion dollars in deficit spending since 2001?
It is the worst performance by any President since.....you guessed it...Herbert Hoover.

...and that "gain" came during an allegedly booming economy. Not much room for it to go down when the next recession hits. (Of course, thanks to the illegal alien amnesty bill the White House is trying to ramrod through the Senate and the guest worker increases (H-1B, etc.), the next recession could make the last one look like a boom by comparisson.)

 

[WhipperSnapper]

Originally posted by: Starbuck1975

Tell me about it...I am making more at the outset of my career then my parents made as a combined income, yet I can't afford a house thanks to the insane housing market...I refuse to pay 700k for a starter home, and I sure as hell am not stupid enough to take out one of these high risk mortgages just to say I have a McMansion.

Lots of college grads couldn't find real jobs and work for poverty wages as the value of their college educations rapidly decrease towards nothing while they have to pay back their student loans. (Of course, if they try to find jobs in their fields they'll suffer discrimination for having been unemployed or underemployed-involuntarily-out-of-field for so long.) If you think the costs of housing are bad, imagine how they must feel. Can you say "educated slaves for the upper classes"?

 

[WhipperSnapper]

Originally posted by: daniel49

The sky is falling!! The sky is falling!!

I'd love to see some of the people who's only intellectual capacity is to follow the herd and mock doomsayers by chanting taunts, "The sky is falling!" actually come out and make some solid economic arguments to explain why global labor wage arbitrage in all of its manifestations (mass immigration, foreign outsourcing, work visas) will not transform the U.S. into a third world economy filled with impoverished masses.

 

[daniel49]

Originally posted by: WhipperSnapper

Originally posted by: daniel49

The sky is falling!! The sky is falling!!

I'd love to see some of the people who's only intellectual capacity is to follow the herd and mock doomsayers by chanting taunts, "The sky is falling!" actually come out and make some solid economic arguments to explain why global labor wage arbitrage in all of its manifestations (mass immigration, foreign outsourcing, work visas) will not transform the U.S. into a third world economy filled with impoverished masses.

anyone who has watched market averages for a period of at least 6 months knows that runups and corrections happen all the time.
To see a runup to near 12,000 record high, a selloff correction, to levels seen earlier in the month is hardly unusual.
Besides he was having a hard time finding doom and gloom was just trying to accomodate him?
Perhaps you should look up humor in your economics 101 dictionary.

 

[TraumaRN]

Originally posted by: Excelsior

Originally posted by: Starbuck1975

I can also agree with that. Prime example: Fvcking house flippers driving up real estate for the quick buck. Everyone pays for their quick gains.

Tell me about it...I am making more at the outset of my career then my parents made as a combined income, yet I can't afford a house thanks to the insane housing market...I refuse to pay 700k for a starter home, and I sure as hell am not stupid enough to take out one of these high risk mortgages just to say I have a McMansion.

Move, if you can. 700k is ridiculous for a starter home.

Yea no joke. My uncle bought a repo'ed house for 84K he's put about 6 months of work into it so far and it already reassessed for 105K and he still has probably another year before he's finished, yea it's small(1150 sq feet) but it's just him, his wife and two dogs. I plan to follow the same example, buy a cheap fixer upper house, repair and update the house, turn around and sell it for my more 'ideal' house. Not a McMansion but you get the idea.

Thankfully since I'll have guaranteed job security when I get my Bachelors next year I can make it happen...(Bachelors Nursing)

 

[MadRat]

Originally posted by: DeathBUA
Yea no joke. My uncle bought a repo'ed house for 84K he's put about 6 months of work into it so far and it already reassessed for 105K and he still has probably another year before he's finished, yea it's small(1150 sq feet) but it's just him, his wife and two dogs. I plan to follow the same example, buy a cheap fixer upper house, repair and update the house, turn around and sell it for my more 'ideal' house. Not a McMansion but you get the idea.

Thankfully since I'll have guaranteed job security when I get my Bachelors next year I can make it happen...(Bachelors Nursing)

Its hell to live in the same house you are remodelling.

 

[redgtxdi]

Here we go again..............

 

[Engineer]

Down down another 1% today with the Nasdaq falling 2% more.

Dow at 10,791 (about 600 above 52 week low - about 900 below 52 week high)
Nasdaq at 2091 (about 65 above 52 week low - about 300 below 52 week high)

 

[dullard]

Originally posted by: Engineer
Down down another 1% today with the Nasdaq falling 2% more.

Dow at 10,791 (about 600 above 52 week low - about 900 below 52 week high)

It is dropping faster than I thought. It may even dip below my forcasted 10,700 local minimum. I'd hate to be off by much. Think of all the public embarassment I'll have.

But on the plus side, my retirement plan bought a ton more shares for the same amount of money last week. Hopefully this decline will continue so I can get that much more wealthy when it recovers!

 

[Tom]

LOL, add the NASDAQ and look athe 10 year charts, if you want to see the Mt Everest of bubbles.

 

[Steeplerot]

Well whatever it takes to make the middle class wake up, but then there will always be a right wing talking head out there who will scapegoat immigrants or minoritys as usual instead of our stupidly large military budget.

 

[redgtxdi]

Ehhh........Middle-class, Scmiddle-class. This is about everybody!! We're all pathetic & we all know it.......we just don't admit it.

The market will do whatever it wants to do. Not even Warren Buffet or Bill Gates has influence anymore. Between IPO's and emerging markets and real estate and now precious metals.........there's too much to play with. Sure, illegal immigrants hurt the mix but they help it too and it's a see-saw of back & forth between billions of plastic shoes bought at Wal Mart for $5.00 a pair! LOL!! I love how we all protest Wal Mart, yet we want those $5.00 plastic shoes for $4.00, then $3.00 then FREE!!!!!!!!!!!!

It's a beautiful disaster!! And I'm lovin' every minute of it!!!

Dead Pool 2006 ------------> NYSE!!!!!!!!!!~ :clock::evil::sun::shocked:

Long live the harbingers of doooooooooooooooooom!!!!!!!!!!

 

[Steeplerot]

Originally posted by: redgtxdi
Ehhh........Middle-class, Scmiddle-class. This is about everybody!! We're all pathetic & we all know it.......we just don't admit it.

The market will do whatever it wants to do. Not even Warren Buffet or Bill Gates has influence anymore. Between IPO's and emerging markets and real estate and now precious metals.........there's too much to play with. Sure, illegal immigrants hurt the mix but they help it too and it's a see-saw of back & forth between billions of plastic shoes bought at Wal Mart for $5.00 a pair! LOL!! I love how we all protest Wal Mart, yet we want those $5.00 plastic shoes for $4.00, then $3.00 then FREE!!!!!!!!!!!!

It's a beautiful disaster!! And I'm lovin' every minute of it!!!

Dead Pool 2006 ------------> NYSE!!!!!!!!!!~ :clock::evil::sun::shocked:

Long live the harbingers of doooooooooooooooooom!!!!!!!!!!

Huh? I do not/would not live in a town with a wal mart nor can I even remember the last time I shopped at one. Not everyone is a hypocrite.

But whatever helps you justify your own ways.

 

[redgtxdi]

Originally posted by: Steeplerot

Huh? I do not/would not live in a town with a wal mart nor can I even remember the last time I shopped at one. Not everyone is a hypocrite.

But whatever helps you justify your own ways.

OH don't kid yourself!! You feed the dragon as well as anybody. Your novelty is simply not Wal Mart branded!! It goes by another name!!!

Have a nice day!!

 

[Steeplerot]

Originally posted by: redgtxdi

Originally posted by: Steeplerot

Huh? I do not/would not live in a town with a wal mart nor can I even remember the last time I shopped at one. Not everyone is a hypocrite.

But whatever helps you justify your own ways.

OH don't kid yourself!! You feed the dragon as well as anybody. Your novelty is simply not Wal Mart branded!! It goes by another name!!!

Have a nice day!!

Like I said, keep believing what you must to justify your own actions.

 

[redgtxdi]

Originally posted by: Steeplerot

Like I said, keep believing what you must to justify your own actions.

Will do! :lips:

 

[HomeAppraiser]

GOOD! Maybe the fvcking FED will stop raising fvcking interest rates every fvcking 6 weeks now!

 

[Engineer]

Originally posted by: HomeAppraiser
GOOD! Maybe the fvcking FED will stop raising fvcking interest rates every fvcking 6 weeks now!

The FED could care less about the stock market. The FED is there to make sure inflation is at bay and currently, it is above the FED's comfort level.

One word: STAGFLATION

 

[dmcowen674]

Originally posted by: redgtxdi
Here we go again..............

Originally posted by: Engineer
Down down another 1% today with the Nasdaq falling 2% more.

Dow at 10,791 (about 600 above 52 week low - about 900 below 52 week high)
Nasdaq at 2091 (about 65 above 52 week low - about 300 below 52 week high)

:laugh: :thumbsup: