Plus a million.

When the big recession hit, I had one of my friends in my office just crying over the $170K or so he lost. He was wondering whether to move his portfolio out of the stock/bond side into the simple interest bearing side. Not wanting to tell him what to do, all I could say was, " sell high not low". He moved it out and earned a whopping .08% interest and still is today. Me, I stayed, gained most of my money back, and bought a number of more units at a discount.

I am retiring in about a month and half. I will be locking the 401K up for another few years, and make the adjustments to my living standards. Those of you who are not retiring anytime soon, what are you so worried about? I love this consipiracy stuff. Just like the oil spill, it will clean up eventually. The world is not coming to an end. If the DOW drops to 6000, buy, buy, buy. If things get so bad that the stock market collapses, then it won't matter whether you have your money burried in the back yard.

Fundamentals are there, panic is in charge right now, eventually the bottom will hit, and we are headed back up again. Look at market history, that should make you feel better.

The market isn't going to kill you in retirement, it is inflation. Get good advice and remain diversified.

Don't forget the one about Income Tax being unconstitutional and legally avoidable, The Rothschilds, The Illuminati & Freemasonry, and also the guy selling copies of The Turner Diaries.

Yeah, I've been to a few gun shows. It's like a schizo-paranoid comic book convention; Instead of dorks in Star Wars outfits, it's bearded white guys in camo & tooled leather belts.

That's a good point. As I used like to point out to my wingnut friends, you can't eat gold. But those types of people don't exercise logic OR reason so they do amazingly stupid stuff like--(drumroll)-- buy gold during financial panics and economic uncertainty.
One of these friends actually paid $10 for that "info packet" about how to get out of paying his SS & FICA 'legally' at where else? A Gun Show. He swallowed it hook, line & sinker and even tried to fill out the "forms" and give them to his boss. I asked him how THAT went and he mumbled something and never talked about it again. Speaking of spam, I'm pretty sure wingnuts will swallow anything. WorldNutDaily is a prime example.

The best thing you could do for SHTF would be to set up a self-sufficient, secure compound. Dogfish is a set of solar panels and a couple of wind turbines away from it. If you can regularly and predictably supply fresh veggies, eggs & meat in a disaster induced barter economy, you'll be the Cock of the Walk.

What do you think Western Europe was like in 490 AD?

All this from the weak suck that doesn't have the gnar puffs to stand behind his own economic philosophy?,........... Please.



How about an instant replay here?

Jerry says he doesn't know about 6,000 but points out he believes that a double dip may be in order.

KayKayKay enters into yet another wine addled (obvious) diatribe to express his frustrations. Half way through which he takes ownership of his very own claim of a double dip,......patting himself on the back for such succinct prognostication.

As always of course

What's the matter limp dick? Ya get too drunk and forget what you were even tearing into the guy for half way through your post? Lay off the sauce lush.

Not that I need to even defend my position or my posts here from your pea-brained drunken attacks since the Krugman, Bernanke, Geithner, Rubin, Paulson, Summers ball washing you do here is consistently and ever more apparently discredited in reality every single day. I will however point out that market manipulation is not only possible through the use of high frequency, high volume trading platforms it is something that Fed officials have all but admitted to over the years. Propping up the market during downturns was the reason behind the formation of the PPT in 88'.

That said never once have I avered to the Bilderbergs, Free Masons, JBS, or any other such organization controlling the world or anything else. Such things are distractions for dimbulbs and ammunition for niave suckers such as yourself who would rather bury their head in the sand than know any sort of truth. Although I'm not suprised to see you put words in my mouth,......it's what you do.

While I may not subscribe to any of the above conspiracies I'm also aware that when the mechanisms exist for individuals to control and manipulate markets on the scale we're talking about then it's completely niave to believe that those same individuals would not use that power to further their own agenda.

Whether you're too fukking dumb to see it or just don't care makes no difference to me.

Life,......get one huh?

This coming from a wino with nothing better to do than preach his years of wasted knowledge to a hand-full of liberal fisherman who would listen? A drunken bum who's last piece of a$$ was likely during the Carter Administration?

Yeah dude,......I'll get a life,.........but you first.

I'll call out the Zzzzzzzzing's around here.


Thank you.

This thread has as many experts as a bar in Forks in February at 11:32pm.

Just sayin'.

Fish on...

Todd

That's ALOT of experts, I better go read this and get this market thing figured out

At least those Forks experts all have a boat on the back of their rig to carry around all their bullchit in...these guys got nuthin'.



Fish on...

Todd

Certainly humorous..... KK, and all with their predictions....

You all need to seek help.....

I bet it could rain tomorrow..... Might, might not......

Keith

What would be your definition of an expert?

Markets waaaay up this morning. I predict it will continue to go up until it turns around.

Don't feel bad, Chuck.

Nobody else knows where the market is going either.

They just don't want to admit it.

The motivations - fear and greed - are pretty easy to understand. But why they swap emphasis is often indecipherable.

I predict that as long as stupid people continue to act like chickens with a dog in the coop, people with a brain cell or two will continue to prey on them and clean 'em out like a rube on the Midway.

Anyone wanna sell me their gold? Cash out any structure settlements or annuities?



Oh, by the way I'm selling Gen-u-wine 24 Carat* GOLD coins for only $100 each. The best way to survive the coming apocalypse.
PM if interested.






*Commemorative gold plated. No cash value.

This guy says the market has nowhere to go but up! Ocf course its easy to find guys with the opposite opinion.

S+P 500 Going Back to 1250: It's a Great Time to Buy Stocks, Bob Doll Says
Posted Jun 10, 2010 01:19pm EDT by Peter Gorenstein
Related: ^ixic, ^gspc, ^dji, spy, blk, qqqq, iwn
Stocks are soaring midday Thursday. The Dow and S&P 500 have been up as much as 2% on the day. The gains are being attributed to strong export data from China and a better-than-expected reading in the weekly jobless data; continuing claims dropped by the largest amount in almost a year.

The timing of the rally couldn’t be better for Bob Doll, chief equity strategist for fundamental equities at BlackRock. Doll, who manages more than $350 billion, made his bullish case for stocks in a Wall Street Journal op-ed Wednesday and expanded on those themes in an interview with Tech Ticker this morning.

"Valuations are cheap, sentiment is very negative, that should be interpreted as a positive," he tells Henry. "Most people are underweight equities, there’s a lot of cash earning zero on the sidelines."

Though bullish, Doll is no Pollyannna. He’s well aware of the problems in Europe, the stubbornly high unemployment rate and the headwinds caused by a stronger dollar. "That will keep us from going up immediately,” he notes.

Ahh yes,..... I remember Bob "Wind Up" Dolls.

The guy who was on CNBC every other week in 2008 predicting the market was forming a bottom

Tyler Durden at Zero Hedge had this to day about his latest "prediction";

"Apparently after losing Blackrock tens of billions through the firm's holdings of BP and various drillers, Bob Dolls has not only not been fired, but according to RanSquawk was heard somewhere (indicatively, not even CNBC wants to listen to his gibberish any more), saying that stocks are "pretty cheap." Good - he can buy up all the 330 million shares that the Bank of Norway is rumored to be selling. If Bob thinks stocks are pretty cheap here, we hope he has enough dry powder to LBO the entire market when the S&P is trading at 300 or lower."

My point is there are many experts out there. And like a stopped clock some are right some of the time. Typically if you bet against the herd your odds are better.

Yeah, it was BlackRock's fault that BP stock tanked after the well mishap. They should have seen that coming.

Do you even read the sh!t you post sometimes?

I caught that.

Figured one of you would point it out. I didn't write it. Just posted a differing opinion.

My point was that Dolls has been wrong on many of his predictions. Just another salesman,.......as SkyGuy once already pointed out.

Dolls 2010 predictions;

•S&P 500 probable level of 1250
•Sees emerging markets outperform developed markets
•Sees U.S. outperforming other developed markets
•Sees possible earnings growth of 20% Plus
•U.S. economy grows at an above trend 3%
•Job growth turns positive early in the year but unemployment remains high
•Sees inflation as a non-issue
•Expects rates to rise at all points on Treasury curve including Fed funds
•Stocks outperform cash and treasuries
•Likes health care, tech and telecom — Underweights financials utilities and materials
•Merger activity picks up due to strong cash flow and slow growth
•GOP makes gains in House and Senate but Democrats continue to control Congress

Kinda sounds like Irie and Stinky outta start a hedge fund.