Posted on 02/28/2007 6:15:01 PM PST by shrinkermd
We have no skilled labor unless you include the ability to talk on a cellphone.
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Methinks you exaggerate but I get your point. We don't have the pool of self reliant, hard muscled, farm raised young people who could get by with nearly nothing as we had fifty years ago. We have huge numbers of smug, self satisfied folks who would starve in the midst of plenty if they lose their highly specialized "positions".
I agree, this looks like it will be a sizable correction, and the bad part is it will probably run til late spring which is the beginning of a typical down time for stocks, the summer doldrums, so that will probably extend it.
I've changed my trading strategies and am no longer looking long, I'm selling short into anything that rallys in the morning and picking off the downside in the afternoon.
An economy is nothing more than the sum of all transactions between its members. These transactions in a pure economy consist of trading something you have for something you want (or in some cases food etc that you need).
Now where does it say that you must trade some physical object. The principal product actually traded is labor.
If a doctor takes out you appendix, is that no work for value?
You didn't buy any concrete product did you?
The secret ot economic success is to develop talents and skills that others don't have. That will make you a very successful trader.
NOBODY OWES YOU ANYTHING IN THIS WORLD. You must earn it by providing something somebody wants baddly enough to transact with you.
Yes. You get it.
You are stupid and please reverse that trade.
YES YOU SHOULD BUY THE DIPS, BUT NOT THE FIRST DIP FROM A RECORD HIGH. YOU BUY DIPS THAT ARE AFTER A LONG DECLINE.
This dip in 87 was after a long decline as was the 9-11 dip as was the pre iraq war dip.
I was short 4 sp500 contracts or 1.4 million before Tuesday, and I have no fear either, but you may want to reevaluate.
http://www.freerepublic.com/focus/f-news/1790943/posts
fyi, the weather in january was fabulous for most of the country. the weather in feb was lousy.
It turned really cold here in the NorthEast later in January and stayed bitter into late February. We also had a couple of snowstorms here in mid to late February. January isn't that great a time for house sales, anyway, since it's so close after Christmas. It's not the time most folks decide to up and put their house on the market if they don't have to move somewhere else.
December, on the other hand was gorgeous here, and sales, though not HOT, had increased from their lackluster performance in the Summer and Fall, and folks figured they could get a bargain, since so many houses had been on the market for so long.
I was reading today that realtors were expecting more sales in late Spring and Summer, and that prices would probably not go any lower because the supply of homes is still low.
Thanks for your assessment, but my account increased in value this week by about $4,500 this week. I'm not feeling that stupid.
Ok folks , here we are. Busted 12,000 intraday on Wednesday. The Bear is in. No one believes it ,and they will not for months to come. Here's the twist. This is the first "Deflationary" recession in American history. We have a multiple bubble: stocks, gold, real estate, commodities all topping at one time. This is a readjustment to the World economy. Get used to it. We're no longer isolated and protected.
OK, who is most at risk: Those with any severe Credit exposure. That's right. Anyone mortgaged up to their ass is dead meat. Conservative investors and retirees will probably be OK.
I predict values of all property will deflate. If you have good equity in your house you will be OK. I do not see a decrease in SS payments. The elected officials are cowards, and they they will stand pat.
Those in high risk stocks should exit now. Last chance. Do not be surprised if world events (Iran) coincide with negative news. It'sgoing to be an ugly summer. Have a nice vacation.
Time Frame: 2 years minimum
Go down and buy a tank of gasoline....it is "up" 30 cents from one month ago. That is inflationary.
Ping to the posters on this Feb. 2007 thread.
This 2007 article showed up today, in the latest articles headlines. This is sure a trip down memory lane.
Did someone repost this, or am I having an Outer Limits/ Twighlight Zone moment?
It’s very interesting reading some of the comments from 2 years ago. I’m wondering if some of you would care to append or revise your comments on the market, given what’s happened?
“Good opportunity to buy.”
“Selling short, huh, Wineberg?”
“Let it ride! “
“Brother, what a pussy, ride it out and get rich is my mantra.”
“Nope — just look for bargain purchases.”
“Everyone take a deep breath it’s going to be ok.”
“I’m in for the long-term. No fear here.”
.
I took all my profits out when obummer got nominated.
what do you think the floor will be? I don’t think 7000 is the bottom.
Just too hard to tell yet.
My acountant is scared - big time scared. It’s a house of cards.
We have crooks in the WH and in Congress and one nutty incident could bring down the whole house of cards.
http://www.freerepublic.com/focus/chat/2136635/posts
“Are you looking for a job?”
Note: This thread is updated on a regular basis.
Nice prediction from 2 years ago. What do the cards tell you now?
I do not think anyone should get too aggressive at this point. Obama scares me to death, and there is no telling what the Socialists are going to pull. Most investors should wait for the 50 day moving average on the Dow to cross above the 200 day moving average. They'll miss 30-35% of the move, but it is safer timing for reentering the market. Regards, Doodle
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