Stocks

[GBBob]

Originally Posted by MaTH716

I'm still trying to figure out how a major company like GM files for bankrupcy and the market goes up 200 points.

It will drop 185 tomorrow

[Smooth Operator]

Got 20% of the portfolio in an international stock index fund, dellinger


Just have to make sure I bail at the right time if another dumb con like Bush somehow gets elected and drives the economy off a cliff again.




By the way, you do know that, historically, the market has performed better when a dem has been in the White House ... right?

It's just amazing how the market dropped like an atom bomb and you didn't post of any losses...but all of a sudden you're playing and making money.

It's utterly laughable.

You're excuse will be because Bush was in office..and that only adds to the fact that you're a moron.

[Smooth Operator]

You're clueless, Pants.

Of course I lost money during the Great Bush-Cheney-Cox-Paulson Financial Meltdown of 2008. Heck, even Buffett lost a bundle in that nightmare.

But instead of squealing like a little 9yo girl (and high-pitch Hannity) back in early March and wondering if/when I should pull what was left out of the market, I transferred 63k into my Vanguard account and bought as many shares of their S&P 500 index fund as I could.



Needless to say, things have worked out swimmingly well to this point.

[dellinger63]

Originally Posted by Smooth Operator

You're clueless, Pants.

Of course I lost money during the Great Bush-Cheney-Cox-Paulson Financial Meltdown of 2008. Heck, even Buffett lost a bundle in that nightmare.

But instead of squealing like a little 9yo girl (and high-pitch Hannity) back in early March and wondering if/when I should pull what was left out of the market, I transferred 63k into my Vanguard account and bought as many shares of their S&P 500 index fund as I could.





Needless to say, things have worked out swimmingly well to this point.

You think the housing collapse had nothing to do with the market? The fact Fannie May was handing out loans based on HOPE they would be paid back? The fact republicans tried to sound the alarm only to be called racist by the likes of Maxine Waters and Barney Frank? Yea it was all George....LMAO

[gales0678]

Originally Posted by dellinger63

You think the housing collapse had nothing to do with the market? The fact Fannie May was handing out loans based on HOPE they would be paid back? The fact republicans tried to sound the alarm only to be called racist by the likes of Maxine Waters and Barney Frank? Yea it was all George....LMAO

Fome Wikipedia - Maxine Waters

Stock Ownership of OneUnited Bank

Miss Waters arranged meetings with U.S. Treasury Department officials (in September, 2008) for OneUnited Bank to plead for federal cash. It had been heavily invested in Freddie Mac and Fannie Mae, and its capital was "all but wiped out" after the U.S. government took them over. Her husband is a stockholder (more than $250,000 as of May 2008) and former director of the bank. The bank's executives were major contributors to her campaigns. Rep. Barney Frank counseled her against participating in the matter. The bank has its headquarters in Boston, Massachusetts, and offices in Los Angeles and Miami. It did secure $12 million in TARP money


Dell - even barney frank knew this stunk

[Smooth Operator]

Originally Posted by GBBob

It will drop 185 tomorrow

Up 19


Probably easier stabbing at that weekend Pick 6 than trying to predict market activity these days.

[Smooth Operator]

Who knows what will happen going forward, RP ... but I'm not all that concerned since I'll likely be holding these low-cost index funds for a loooooong (at least the next 25 years) time.

Just gunna keep dollar-cost-averaging money into the account ... rebalance occasionally ... and adjust the stock to bond ratio as I get older.

[Rupert Pupkin]

Originally Posted by Smooth Operator

Who knows what will happen going forward, RP ... but I'm not all that concerned since I'll likely be holding these low-cost index funds for a loooooong (at least the next 25 years) time.

Just gunna keep dollar-cost-averaging money into the account ... rebalance occasionally ... and adjust the stock to bond ratio as I get older.

There is a very bright economist named Harry S. Dent that I have followed for years. He is a Harvard MBA. He wrote the book The Great Boom Ahead back in 1992 where he predicted that the Dow, which was around 2000 at the time, would go up all the way to 10,000 or higher. Then he wrote the Roaring 2000s in about 1998. In that book he updated his estimates and predicted the Dow would probably go up to 20,000 and possibly as high as 30,000 which turned out to be overly optimistic. In both those books he predicted that we would have a huge boom period that would last until approximately 2008 or 2009. But he always predicted that the prosperity would come to an end sometime around 2008 or 2009 and that after that we would go into a terrible depression that would last for years. And back in around 1990, he predicted that the Japanese economy would collapse and would not recover for more than 20 years.

His predictions are based mainly on demographics. His numbers are never going to be perfect. He can't tell you exactly how low the Dow will go. The low could be 3000 or it could be 4500. Nobody knows exactly. And there can be unforseen short-term events that can throw things off course temporarily. But in terms of market direction on a long term basis, I think Dent has been very accurate. He says that the next boom period will not start until somewhere between 2020 and 2023. By the way, he also accurately predicted the housing crash. His timing may have been off by a year, but all the way back in 1998, he warned something to the effect of, "Don't be buying your $10 million dream house any time around 2007, which will be the top of the housing market, because you will see the house lose around 70% of its value.

Anyway, Dent's new book is called The Great Depression Ahead.

[Rupert Pupkin]

Originally Posted by Rupert Pupkin

There is a very bright economist named Harry S. Dent that I have followed for years. He is a Harvard MBA. He wrote the book The Great Boom Ahead back in 1992 where he predicted that the Dow, which was around 2000 at the time, would go up all the way to 10,000 or higher. Then he wrote the Roaring 2000s in about 1998. In that book he updated his estimates and predicted the Dow would probably go up to 20,000 and possibly as high as 30,000 which turned out to be overly optimistic. In both those books he predicted that we would have a huge boom period that would last until approximately 2008 or 2009. But he always predicted that the prosperity would come to an end sometime around 2008 or 2009 and that after that we would go into a terrible depression that would last for years. And back in around 1990, he predicted that the Japanese economy would collapse and would not recover for more than 20 years.

His predictions are based mainly on demographics. His numbers are never going to be perfect. He can't tell you exactly how low the Dow will go. The low could be 3000 or it could be 4500. Nobody knows exactly. And there can be unforseen short-term events that can throw things off course temporarily. But in terms of market direction on a long term basis, I think Dent has been very accurate. He says that the next boom period will not start until somewhere between 2020 and 2023. By the way, he also accurately predicted the housing crash. His timing may have been off by a year, but all the way back in 1998, he warned something to the effect of, "Don't be buying your $10 million dream house any time around 2007, which will be the top of the housing market, because you will see the house lose around 70% of its value.

Anyway, Dent's new book is called The Great Depression Ahead.

For anyone who is interested, here is a 4 minute interview that Harry Dent did on television about a month ago:

http://www.mahalo.com/harry-s-dent-jr

[Smooth Operator]

Super week for the broad index


Predicting a 10-12% return by year's end




Sure hope Pants is around in 2035 to help me load that U-Haul.

[geeker2]

Originally Posted by Smooth Operator

Super week for the broad index


Predicting a 10-12% return by year's end




Sure hope Pants is around in 2035 to help me load that U-Haul.

From the people that brought you the great predictions in Oil - now they have moved on the S&P with 10-12 % run...oh boy!

http://before-you-invest.com/goldman...of-oil-prices/