Oh Boy it's starting..... Black monday dawns again.

[bamacre]

Originally posted by: ranmaniac
Interesting what 8 months can do.

You can probably guess who wrote this:

You guys are pretty fricking funny. The sky isn't falling. 1/22/2008

I hope ever fucker who called a senator to kill this, loses their job, their families lose their house, and they can't get a loan.

Only then, will they understand. This is what we get when we allow ignorant fucks to remain so. 9/29/2008

:laugh: I know who!

 

[Craig234]

Originally posted by: mxyzptlk

Originally posted by: blackangst1

Originally posted by: Hayabusa Rider
Time to move the 401k into bonds till the shock subsides.

US debt market isnt so hot right now...if I were you I would look at precious metal funds (not just gold). There are dozens that grew more than 20% last year...

if they grew 20% LAST year, why would you buy NOW?

Because you think they still have a lot of upside. Had you bought 2 months ago, you would apparently be pretty please.

 

[BoberFett]

Originally posted by: ranmaniac
Interesting what 8 months can do.

You can probably guess who wrote this:

You guys are pretty fricking funny. The sky isn't falling. 1/22/2008

I hope ever fucker who called a senator to kill this, loses their job, their families lose their house, and they can't get a loan.

Only then, will they understand. This is what we get when we allow ignorant fucks to remain so. 9/29/2008

A whiny bitch who isn't going to get his big fat bonus this year?

I feel awful for him.

 

[Chaotic42]

Pic of the CEO of Lehman Brothers.

Your bonuses were delicious.

 

[nageov3t]

just think, tomorrow we can celebrate DOW 10,000 all over again.

woohoo! :beer:

http://denver.bizjournals.com/...03/22/newscolumn3.html

Why the Dow at 10,000 means anything at all

The Dow Jones Industrial Average, the world's most closely watched stock index, touched the sky ever so briefly March 16 when it crossed the 10,000 mark.

Some cynics discount it as the meaningless crossing of an arbitrary mark. There is no empirical reason why 10,000 is more important than 10,200 or 9,900. The Dow's 30 companies represent only a fraction of the total market, a majority of which is on a downward trend. Plus, the S&P 500 has largely replaced the Dow as the true performance benchmark.

But such milestones are important. Crossing the 10,000 mark represents something unimaginable when Charles Dow created the index. It seemed way off even as short as eight years ago when the Dow was in the low 2,000s.

Dow 10,000 is more than a number, just as the year 2000 is more than a number. The stock market's rise is the most potent symbol of the country's recovery from its deep malaise at the start of this decade. Many wrote off the U.S. as a basket case plagued with high labor costs, bad loans and a dwindling manufacturing base. Predictions that the country would become a subsidiary of Japan Inc. were common.

Human psychology is most comfortable when it can keep projecting current trends forward, either good or bad. The talk now is of a new era, of the death of business cycles and how value doesn't matter anymore.

The reality is that prolonged periods of exuberance are often followed by long periods of despair and vice versa. When the Dow crossed 1,000 in 1972, few saw the 1973-74 bear market lurking around the corner. It proved viscious, lasting two years. It would take another 95 months for stocks to regain their old highs.

The warnings are there. A third or more of the world economy is in recession. Thousands of other stocks, especially those of small companies, continue to march lower. The market's upward move is concentrated in fewer and fewer companies and despite a strong economy, earnings growth is anemic to nonexistent.

Maybe it won't last forever. But in a world that gives us so few opportunities to celebrate, investors should grab every chance they can get.

 

[Dulanic]

What cracks me up is all the people running away. As other rich people have said, buy when others are fearful. By selling now you are truly setting yourself up for big loses. When the market recovers you lose out on all the gains. I am and will continue to buy, even more so when the market is low.

 

[NoStateofMind]

Originally posted by: bamacre

Originally posted by: ranmaniac
Interesting what 8 months can do.

You can probably guess who wrote this:

You guys are pretty fricking funny. The sky isn't falling. 1/22/2008

I hope ever fucker who called a senator to kill this, loses their job, their families lose their house, and they can't get a loan.

Only then, will they understand. This is what we get when we allow ignorant fucks to remain so. 9/29/2008

:laugh: I know who!

Who could that be?

 

[LegendKiller]

Originally posted by: ranmaniac
Interesting what 8 months can do.

You can probably guess who wrote this:

You guys are pretty fricking funny. The sky isn't falling. 1/22/2008

I hope ever fucker who called a senator to kill this, loses their job, their families lose their house, and they can't get a loan.

Only then, will they understand. This is what we get when we allow ignorant fucks to remain so. 9/29/2008

Can't stop self-fulfilling prophecy's.

I like the fanclub though. A bunch of RPBs bowing to me.

nice!

Either way, I think it's humorous that you could have taken either side of this problem and been right or wrong. Prognostications without justification or timeline are as worthless as a used shit ticket.

I didn't think things would progress the way they have, for many reasons. Most people didn't think so, for various reasons. Some may say that they did, but they just picked an extreme position without knowing why or how, or when.

It's like the fools who thought the dollar was going to decline massively against every other currency. Too bad it has come back hugely. Who exactly predicted that?

People like PC Surgeon take positions and prognostications preached by their own zealotry without balancing their opinions, or even having concrete knowledge. They just pick something that fits in their limited education and runs.

But alas, the one thing you can't predict or even completely plan for, is human behavior and reaction. That's why the stock market is a random walk, you can't predict everything.

 

[BoberFett]

Originally posted by: LegendKiller

Originally posted by: ranmaniac
Interesting what 8 months can do.

You can probably guess who wrote this:

You guys are pretty fricking funny. The sky isn't falling. 1/22/2008

I hope ever fucker who called a senator to kill this, loses their job, their families lose their house, and they can't get a loan.

Only then, will they understand. This is what we get when we allow ignorant fucks to remain so. 9/29/2008

Can't stop self-fulfilling prophecy's.

I like the fanclub though. A bunch of RPBs bowing to me.

nice!

Either way, I think it's humorous that you could have taken either side of this problem and been right or wrong. Prognositcations without justification or timeline are as worthless as a used shit ticket.

I didn't think things would progress the way they have, for many reasons. Most people didn't think so, for various reasons. Some may say that they did, but they just picked an extreme position without knowing why or how, or when.

Self fulfilling? You said the sky wasn't falling in January. Now you say it is.

We're not bowing, just waiting for you to make up your mind. Tomorrow you'll probably tell us Iraq did have WMDs.