[lnkForumImage]
TotalShareware - Download Free Software
Usa Forum
 Home | Login | Register | Search 


 

Forums >

rec.music.classical.guitar

ot: DOW off nearly 500 points at this hour!!!!!!!!!!!!

doug

8/18/2011 3:00:00 PM

Damn isn't the anointed one and his goons doing such a great job with
the economy.
135 Answers

edspyhill01

8/18/2011 4:49:00 PM

0


"doug" <hogrider7@hotmail.com> wrote in message
news:1d2229b9-0d2b-45c4-8db4-2c215e3a6ba1@p37g2000prp.googlegroups.com...
> Damn isn't the anointed one and his goons doing such a great job with
> the economy.

I hope your IRAs and 401Ks are not in the market. You get apoplectic every
day it drops, but you ignore the up days. The only way anyone makes money
in the market is churning. Could be plan buying and selling, pensions
funds adjusting asset allocations, rolling corrections, profit taking,
amateurs fleeing, nobody knows for sure. Just don't sell and realize your
losses.

Wollybird

8/18/2011 4:57:00 PM

0

On Aug 18, 11:48 am, "Ed S." <edspyhil...@gmail.com> wrote:
> "doug" <hogrid...@hotmail.com> wrote in message
>
> news:1d2229b9-0d2b-45c4-8db4-2c215e3a6ba1@p37g2000prp.googlegroups.com...
>
> > Damn isn't the anointed one and his goons doing such a great job  with
> > the economy.
>
> I hope your IRAs and 401Ks are not in the market.  You get apoplectic every
> day it drops, but you ignore the up days.  The only way anyone makes money
> in the market is churning.  Could be plan  buying and selling, pensions
> funds adjusting asset allocations, rolling corrections, profit taking,
> amateurs fleeing, nobody knows for sure.  Just don't sell and realize your
> losses.

Stocks go up, stocks go down.
Can't explain that.
Buy and hold an index fund

Slogoin

8/18/2011 6:14:00 PM

0

On Aug 18, 9:56 am, wollybird <wollyb...@frontiernet.net> wrote:
>
> Stocks go up, stocks go down.
> Can't explain that.
> Buy and hold an index fund

Wolly's speaks... we must listen. It's just a blip, it's all a blip,
all will be back to normal in 8 years or so, trust me, I have a degree
in this complicated finance stuff which you can't possibly understand.
Just leave this to the pros and give us your money. The whole market
can't possibly go down so just play the pass line and don't worry
about the economy rolling craps.

Dick Cheney

8/18/2011 7:35:00 PM

0

On Aug 18, 1:14 pm, Slogoin <la...@deack.net> wrote:
> On Aug 18, 9:56 am, wollybird <wollyb...@frontiernet.net> wrote:
>
>
>
> > Stocks go up, stocks go down.
> > Can't explain that.
> > Buy and hold an index fund
>
>   Wolly's speaks... we must listen. It's just a blip, it's all a blip,
> all will be back to normal in 8 years or so, trust me, I have a degree
> in this complicated finance stuff which you can't possibly understand.
> Just leave this to the pros and give us your money. The whole market
> can't possibly go down so just play the pass line and don't worry
> about the economy rolling craps.

and Larry knows more about investing than warren buffet, because he's
a know it all and read a wiki article and watched some talking heads
on his tv.

http://www.marketwatch.com/story/warren-buffett-backs-index-mutual-funds...

I wish you would have told me about this lack of a need for education
and experience before I spent all that time and money on guitar
lessons. I could have just read a wiki article and ran circles around
you.

Larry You should read this (ha ha)
It will explain the why
http://www-personal.umich.edu/~kathrynd/JEP.Famaand...

Jonathan (not from Cleveland)

8/18/2011 8:02:00 PM

0

On Aug 18, 12:56 pm, wollybird <wollyb...@frontiernet.net> wrote:
> On Aug 18, 11:48 am, "Ed S." <edspyhil...@gmail.com> wrote:
>
> > "doug" <hogrid...@hotmail.com> wrote in message
>
> >news:1d2229b9-0d2b-45c4-8db4-2c215e3a6ba1@p37g2000prp.googlegroups.com...
>
> > > Damn isn't the anointed one and his goons doing such a great job  with
> > > the economy.
>
> > I hope your IRAs and 401Ks are not in the market.  You get apoplectic every
> > day it drops, but you ignore the up days.  The only way anyone makes money
> > in the market is churning.  Could be plan  buying and selling, pensions
> > funds adjusting asset allocations, rolling corrections, profit taking,
> > amateurs fleeing, nobody knows for sure.  Just don't sell and realize your
> > losses.
>
> Stocks go up, stocks go down.
> Can't explain that.
> Buy and hold an index fund

I have held to that wisdom for a good number of years, but...
How can you be sure (or even reasonably confident) that the market
will continue its upward trend?
Isn't there a limit to how much useless crap people will buy?
Don't we reach the saturation point at some point?

doug

8/18/2011 8:30:00 PM

0

On Aug 18, 9:48 am, "Ed S." <edspyhil...@gmail.com> wrote:
> "doug" <hogrid...@hotmail.com> wrote in message
>
> news:1d2229b9-0d2b-45c4-8db4-2c215e3a6ba1@p37g2000prp.googlegroups.com...
>
> > Damn isn't the anointed one and his goons doing such a great job  with
> > the economy.
>
> I hope your IRAs and 401Ks are not in the market.  You get apoplectic every
> day it drops, but you ignore the up days.  The only way anyone makes money
> in the market is churning.  Could be plan  buying and selling, pensions
> funds adjusting asset allocations, rolling corrections, profit taking,
> amateurs fleeing, nobody knows for sure.  Just don't sell and realize your
> losses.

so you are saying that the current economic policies are not having an
effect on the market and this is just normal adjustments. Your not
too bright are you. And the up days have been few lately with all the
bad news the deceiver in chief has caused .Almost three years into his
rein of terror and he is now going to tell us what he plans on doing
about unemployment, but first he must go on yet another vacation.
Some hope and change. I now believe in hope and change, I have hope
that in 2012 there will be a change.

And I get just under 5% on my 401K from my former employer.

Slogoin

8/18/2011 8:30:00 PM

0

On Aug 18, 12:34 pm, Dick Cheney <andrewrobinson...@gmail.com> wrote:

> and Larry knows more about investing than warren buffet,

He's got his limits, especially on uke. Nice guy too. Have you met
him?

> because he's a know it all and read a wiki article
> and watched some talking heads on his tv.

Amazing. MO did this same tactic and it's not the first time I've
heard it. Can you explain it? You know full well I read a lot as do
most RMCG posters. We may disagree but there are some pretty bright
folks who post here and others who don't but do read.

> I wish you would have told me about this lack of a need for education

We must listen to become educated. Getting a degree just tells us
you can do what you're told. Only if you think education is about
formal schooling does your view makes sense. You are not likely to
understand a lot of very wise people all over this globe who have no
formal education and live humble lives.

> and experience

Lots of us have experience in life, Wolly. You really don't know me
and you are a bad judge of others if you think I'm a neophyte. I've
been VERY lucky in life. I've seen much more of it than most people
ever will. You are just a small time banker who can't stand the idea
that education is not about where you went to school nor what piece of
paper someone gave you nor even the number of years you have been
doing your job.

> before I spent all that time and money on guitar lessons.

Yes. You probably wasted your money. Most adult students waste a lot
of their time and money on private lessons when they could easily do
all the basics like Sol-Fa and theory on their own. If you are not
performing you are probably not learning much. You won't even take
advantage of posting here probably because you're afraid to show how
little you have learned in all these years of posting to RMCG.

Do you believe a person must to go to university to be "educated"
and that they only know the subject they got a degree in?

> I could have just read a wiki article and ran circles around you.

Or you could just use a teacher to accelerate your own education.
There are some great teachers in RMCG. MO and Mark have done something
truly remarkable but I doubt you care. That one piece is worth more
than everything in WIKI on CG and several orders of magnitude more
than anything our local troll has posted.

> Larry You should read this (ha ha)
> It will explain the whyhttp://www-personal.umich.edu/~kathrynd/JEP.Famaand...

I'll read it later. Got to do a few things.

Wollybird

8/18/2011 8:51:00 PM

0

> > Buy and hold an index fund
>
> I have held to that wisdom for a good number of years, but...
> How can you be sure (or even reasonably confident) that the market
> will continue its upward trend?
> Isn't there a limit to how much useless crap people will buy?
> Don't we reach the saturation point at some point?

I suppose, but people buy more than useless crap and there is a big
market beyond the US.
The price of a share of stock is the pro rata present value of it's
expected future earnings discounted at some risk adjusted rate.
If you buy a diversified portfolio of stocks and the total value
decreases ad infinitum, the average earnings of all firms must be
declining. Then, you're kind of screwed anyway. You could buy an
international fund, as many people do, or assets other than equities
that are counter cyclical. Or you could ask Larry to check with Kurt
Vonegut.
How long have you done your buy and hold and has it worked for you?

Jonathan (not from Cleveland)

8/18/2011 8:55:00 PM

0

On Aug 18, 4:29 pm, doug <hogrid...@hotmail.com> wrote:
> On Aug 18, 9:48 am, "Ed S." <edspyhil...@gmail.com> wrote:
>
> > "doug" <hogrid...@hotmail.com> wrote in message
>
> >news:1d2229b9-0d2b-45c4-8db4-2c215e3a6ba1@p37g2000prp.googlegroups.com...
>
> > > Damn isn't the anointed one and his goons doing such a great job  with
> > > the economy.
>
> > I hope your IRAs and 401Ks are not in the market.  You get apoplectic every
> > day it drops, but you ignore the up days.  The only way anyone makes money
> > in the market is churning.  Could be plan  buying and selling, pensions
> > funds adjusting asset allocations, rolling corrections, profit taking,
> > amateurs fleeing, nobody knows for sure.  Just don't sell and realize your
> > losses.
>
> so you are saying that the current economic policies are not having an
> effect on the market and this is just normal adjustments.  Your not
> too bright are you.  And the up days have been few lately with all the
> bad news the deceiver in chief has caused .Almost three years into his
> rein of terror and he is now going to tell us what he plans on doing
> about unemployment, but first he must go on yet another vacation.
> Some hope and change.  I now believe in hope and  change,  I have hope
> that in 2012 there will be a change.
>
> And I get just under 5% on my 401K from my former employer.

I don't see how you can blame Obama for this economy.
What exactly did he do to cause this?

Slogoin

8/18/2011 9:08:00 PM

0

On Aug 18, 1:50 pm, wollybird <wollyb...@frontiernet.net> wrote:

> Or you could ask Larry

Invest in yourself. Playing craps is not an investment.