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Guest
My investment plans have not changed a bit. I will continue to invest in beer and snowmobiles. The way things are going my ROI will be better than those that play in the stock market.
Alert Alert Market Tanking!!!!!!
- Thread starter whitedust
- Start date
snow_monkey
New member
X'2, also very tempting prices on the fallen stocks.
anonomoose
New member
Yep....I bought heavy early, thought I made a bad move mid day, wished I had not at 3pm....then decided to ride it out (boy have I been there before) and finally those brain trustes on golden avenue, finally decided to buy back in again.
I suspect tomorrow will be another run up....from there on.....who knows.
Remember to buy low and sell high...piece of cake.
What goes up can just as easily come down even faster. You have to ask yourself what is different yesterday to today? I see same old problems nothing is different just a Fed time table on interest rates that may or may not hold depending on inflation. Housing still a mess just ask BAC how it is going. A slow patch or double dip recession? What is different in Spain, Italy or France? USA do anything proactive on debt? How does the consumer feel? Wall Street will realize same old same old & sell off the bounce. Be careful & be very nimble as volatility is the name of this game. House of cards right now all vapor.
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G
Guest
Go out and buy a nice house. 15 year fixed mortgage rate can be bought down to 2.75%. Can't afford not to borrow money at that rate. US Treasury will soon be worthless. What do they do in Peru for fun?
snow_monkey
New member
Good point. Now might be time to throw some more of my eggs into the home basket by remodeling or buying that dream home on the lake. Some of the houses that have dropped into my price range I could not even imagine paying the taxes the prior owners were shellin out. I think in Peru they sit around and medicate with an occasional Lama trip to the open market.
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What a pounding today! My defensive moves are starting to work only lost 5 cents a share today & Yield is thru the roof so have to set up an income stream. So what is everyone's best guess on market bottom date? I'm thinking 4-6 months maybe more. Obama is useless & clueless no help at all & as lost as the average Joe. He is as good as gone IMO.
If you had purchased $1,000 of shares in Delta Airlines one year ago, you would have $49.00 today! If you purchased $1,000 of shares in AIG you would have $33.00. If you purchased $1,000 of shares in Lehman brothers, you'd have $0.00 today. But, if you purchased $1,000 worth of beer, drank all the beer, turned in the aluminum cans for recycling, you would have $214.00. Therefore the best current investment plan is to drink heavily & recycle. It is called the 401-Keg Plan! Invest heavily today
mjkaliszak
New member
Too Funny....
I invested in my 2002 suburban front wheel bearing hub plan yesterday... It got me 4 hours of hard work ( since getting the old hub out was the " bane " of my existance )... thus providing a $100 savings in my wallet. Original quote was for $250 !
I invested in my 2002 suburban front wheel bearing hub plan yesterday... It got me 4 hours of hard work ( since getting the old hub out was the " bane " of my existance )... thus providing a $100 savings in my wallet. Original quote was for $250 !
anonomoose
New member
Though it pains me to say it, and I would NEVER have the guts to do it, had you bought gold one year ago, (spdr ticker) you would have paid $116...today it is $170.
Want to guess what it will be worth in one more year?
Want to guess what it will be worth in one more year?
anonomoose
New member
While it is not a long term traders best trading terms, these up and down days are a day traders dream come true...even for novices.
Did I miss something?
Gold/Troy ounce:
Aug 2010: $1231.53 - 1315.98, today: $1765.57.
(Or maybe you mean the SPDR Gold Fund market price?)
anonomoose
New member
Gold fund Nashy....easy way to buy gold and not have to lift the stuff. Your young enough to remember $35 and ounce stuff....had you only bought gold then, you would be richer than you are today.
Yes, gold actually sold for $35 an oz....and you could buy it, and coins pretty easily.
Daz gone by eh?
I actually used to have a friend who had a coin shop and he was trading it for about $100 to $150....and he told me to do it too.....a course, I didn't believe him and bought land instead.....everybody knows that land is where the money is at....right? (upchuck....)
Yes, gold actually sold for $35 an oz....and you could buy it, and coins pretty easily.
Daz gone by eh?
I actually used to have a friend who had a coin shop and he was trading it for about $100 to $150....and he told me to do it too.....a course, I didn't believe him and bought land instead.....everybody knows that land is where the money is at....right? (upchuck....)
Oboy, ain't dat da troot! I sure do remember gold at $35.00/oz.
And I have some friends that just sold a bunch o' gold jewelry about a month ago. Too soon, eh?
anonomoose
New member
Here yah go.....start panning for the stuff.
http://www.newsminer.com/view/full_...spectors?instance=home_news_window_left_top_3
Prospecting biz is booming.
In 2006, it became legal to prospect in Michigan for gold on state owned land that ALSO owns the mineral rights.
Anybody got a metal detector????
http://www.newsminer.com/view/full_...spectors?instance=home_news_window_left_top_3
Prospecting biz is booming.
In 2006, it became legal to prospect in Michigan for gold on state owned land that ALSO owns the mineral rights.
Anybody got a metal detector????
No one has a handle on the direction of the economy or the market we are just waking up each day & waiting to see what happens but I can't imagine this will end well with all the market volatility & unsolved financial problems worldwide. Recent CNBC poll showed the USA favors 60-40% a double dip recession scenario so consumer confidence is going in the dumper. Not a good sign! Europeans really don't like each other very much so difficult to believe they will backstop each countries banks & government debts without public rebellion. This means any bank or government bailout will be drawn out, bureaucratic & sure to disappoint the stock markets of the world for an easy fix. Imagine the USA bailing out Mexico or Canada. Would the American public support such a bailout?
roundhouse
Member
The USA has bailed out Mexico in the past. As I recall the public wasn't crazy about it but it worked out OK.