Posted on 01/30/2011 8:29:54 AM PST by SeekAndFind
>>What we haven’t understood is how deeply Obama was indoctrinated in the war against America from childhood onward. . . . Only the American people were kept in the dark.
Which is sad, really. I read Dreams From My Father fairly early on in 2008, when it was obvious this guy might be the candidate, and figured it out really fast.
When liberals are in control of congress, never buy any financial paper/% when it sounds too good to be true. Because it is to good to be true.
As much as I wish that what you, or the author of this note, say were true, unfortunately it is not. Take the past two years, for example.
You would have been slaughtered betting against the tech bubble in 1998, which didn't burst until 2000.
Mass psychology is a better guide. Supply and demand, economics and politics merely set the stage.
Obamacare is a scam. However, the Bee Colony Collapse syndrome and flesh-eating bacteria are real. I'm not sure how much the media hypes those (given the media's propensity to exaggerate), but they are the subjects of much research right now. A couple other environmental problems right now are the white nose disease killing off bats, and various factors killing frogs.
Just remember that often the market can remain irrational longer than you can remain solvent.
Those of us who refused to get into the tech bubble in 1998-2000 didn’t lose anything. Fidelity has a new program which shows how your investment has trended since ?. My wife’s and my IRAs have averaged just under a 10% annual increase since the late 1990’s in spite of regular and emergency withdrawals.
I have many friends who lost big in the Clintoon burst and during the Pelosi/Reid crash and the last melt down.. They have the same faulty DNA flaw, wanting to catch the latest bubble, not to miss out.
I’m 72 and my 401/now IRA has doubled since I took early retirement in 1996 in spite of a lot of withdrawals. I started making withdrawals after 2000 on a regular basis.
We have friends, who chased the bubbles and are our ages, who will probably never have a good retirement because of their chasing of the bubbles.
During the Clintoon years, I was on our church’s finance committee and in charge of its short and long term investments. I caught a lot of hell because our investments only increased 6-9% versus the Nasdaq until the bubble burst.
A couple of years after the Nasdaq burst, I got tired of being the target of people who couldnt’ buy postage stamps telling me how to invest for the church. So I resigned.
The Church went to so called professionals locally and at the Diocese level.
Since then our Church took two hits on its regular fund and endowment fund thanks to following the great investment advice from the pro advisors, who were paid good money to issue the advice. First the Pellosi/Reid time bomb went off and then the melt down. Those two combos made the Nasdaq burst look like a minor event.
It's real, but solved. It wasn't global warming, but government stupidity. Our government allowed the use of a pesticide banned in Europe and elsewhere because it killed bees.
Right on. Never underestimate the longevity of a stupid idea.
This is how Al Gore got his billions.
It is better to catch the trend early and go long. When/if the stupid idea collapses, there will still be government subsidies to provide a soft landing.
Interesting article. Unfortunately I think most of the time liberal delusions aren’t something you can make money off of, instead they end up wrecking the country’s economy. The only thing you can do is combat the insanity behind the delusions and try to salvage what you can.
The cause(s) of it has been under investigation since the 90s; I remember seeing posters about it during a student symposium my first year of grad school in 1994. Some of the latest research hints that bees may be suffering from a virus and fungal infection which work in synergy to wipe out the bees.
My investment record is about the same as yours, except that I am in Canada with Canadian stocks. The tech bubble here was basically Nortel and I sold half of that in 1999. I did’t sell in 2008, since the warning signs were limited to the U.S. I was following Bear Stearns, etc., including on FR. When the decline hit, it wasn’t as severe here and bounced back more and faster. Currently, I think Canada is in good shape, with a risk that it will be buffetted by a U.S. decline. There was never a real estate bubble here and now debt-to-GDP at all levels is half of the U.S. level. So I’m not changing my mix. If I were in the U.S. I would be seriously considering reducing my exposure to common equities. But take my opinion with a grain of salt, since it’s a hypothetical from my viewpoint.
One thing I find interesting is that the media only became interested in the colony collapse disorder(s) in 2006; I knew about it in 1994. But then, I am a scientist, and am probably aware of a great deal of things that never make it into the news.
Colony collapse has been blamed on a number of factors. It’s very tempting to blame a pesticide; having a single, easily-definable cause, whatever it may be, gives people a feeling of control over the situation. But nothing is ever that easy. The causes of colony collapse disorder are still under investigation, as they have been since the 1990s, but no one yet knows what they are.
In the 90s, it was thought that mites were the culprits. Nearly 20 years later, an answer is still being sought.
BTW, many of the pesticides (even the “natural” ones) that you buy at the store kill bees. Pesticides really aren’t very picky about which insects they kill.
EWC was one of my favorite ETF’s after I got basically out of mutual funds.
Fortunately, I had stop loss orders on EWC and about 20 other ETF’s when the first Pelosi/Reed tidal wave hit, starting the week of 12 May 2008.
Every continued to bottom on out and the near collapse in Oct 2008 pushed things to the bottom even faster.
The past year and a half has shown an excellent bounce back by EWC versus our S&P.
Some of the ETF traders say that bounce may be too fast.
Thanks for the feed back.
http://screener.fidelity.com/ftgw/etf/gotoCL/snapshot/advancedChart.jhtml?symbols=EWC
BTTT!
bookmark
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.