Posted on 02/20/2009 6:53:12 AM PST by balls
That's true, how does that change the fact that Barry and the dems took ownership?
CD’s, gold, silver...are looking better every day.
Cash is King.
Until inflation hits.
You need to start an investment strategy, move small parts in as the market goes lower. Otherwise you will be sitting on fixed rates as the inflationary boom kicks in, or in bonds as interest rates rise. There is no single strategy that will work as deflation and inflation psychologies fight it out, you will have to keep after it and be nimble.
Obama took responsibility as soon as he took office, and so far that’s one month of mistakes, but that doesn’t change the fact there was a tremendous amount of malfeasance that preceded him. He shouldn’t be blamed for what W did, which was the result of eight years of terrible economic policy.
“Me being the only conservative had to put my ear phones on to drown out their nonsense.”
You must work for the government?
i will start looking into doing that...but not going to jump right in...i need to find some time to talk with my investment firm and map out a good plan...for the short term though seemed wise to move to a safe acct so i have something left...i see dow is down another 134 at the moment....
Thanks.
Basically, anyone that’s not disfunctional is a fault.
Don’t know your firm, but I am always skeptical. My advice is to diversify, but change the mix as the market changes. If we continue down sharply then get a little more stock in increments until 50%. With a rebound and go-nowhere market like earlier this month, get back into cash (say 60/40 or 70/30). Like I said before, there are no good choices for “put it in X and forget about it”. The only exception to that is if you have an active fund manager who trades the swings as I described. One last piece of advice, wait for pullbacks in gold and get a little until you have 20%
Usually traders like to buy when prices are going up and sell while they drop-- it's the old "trend-is-your-friend" (AKA "don't fight the tape") strategy. The exception is dollar cost averaging, where a saver just plunks money at set intervals into a fund and forgets about it until say, 10 years later.
Both methods work because they're suited for different kinds of investing goals.
He is at fault for continuing on and making it worse. Bush is no longer president. There is nothing that can change what has transpired, right or wrong. Barry is FULLY RESPONSIBLE for what happens from here on out, because of the actions he has taken over the last 33 days. His culpability is probably even higher, as he was a member of the governing body specifically, and party in general, that foisted the problem on the country to begin with.
I've concluded there's no trend in this market. Lots of negativity today, but look closely and you'll see just bloated corpses of dying bank stocks. All the good stocks I want (INTC, MSFT, miners, energy) are either up or have not dropped to my buy targets. I think if I waited for those to rise, that would be too late. Similarly waiting for them to peak and fall would be tricky. So in the zig zag market I am trying buy and sell targets instead.
Here's what I actually said: (the full quote):
"He’s (Obama) sure not helping the situation but this train wreck had its genesis in the previous administration."
You cut and pasted the non-bolded part and omitted the bolded.
A reasonable person would interpret that to mean that this problem began on Bush's watch and is not being helped by Obama's current course of action. That was certainly my meaning, in any event.
Seeing as you're into building straw men and attempting to polarize the discussion, how about I play fast and loose with your words.
Here ya go: "Nothing is Bush's fault and everything is Obama's fault."
Next time you do a cut and paste job, try to do it honestly.
Maybe your intent was to just say the bank collapses began before Obama got elected but that wasn't what you posted. Your post drew a connection between the "genesis" of the "train wreck" and "the previous administration".
The rest of us can see how your original post 24 came on without all the font changes that got snuck into post 54, but that's not the point.. What's going on here is that for years we've had to listen to this goofy "everything's-Bush's-fault" crowd. Of course we know that saying "everything's-Obama's-fault" is goofy too, but we're saying it because we're showing how the whole fault business is goofy.
So our trend is sideways, the market’s in a correction, and instead of researching and buying I’m researching and researching. In the meantime it’s been loads of fun sitting on a pile of cash watching a price plunge that’ll make the next bull bigger than ever.
Let me know when you decide to pull the trigger, I am curious. My market analogy is the 1970's where there were interesting buying opportunities but a series of upside-down "U"s. So you had to get in early because you never knew when the rally would peter out.
Click on their IBD TV - their "Market Wrap-up" with Ken Shreve comes out every day spelling everything all out. Over the years my experience has been that they've been both consistent with themselves and good predictors of market movement.
Keep me posted on your take...
You must not have noticed that the market has lost confidence in 0 and Geithner. For a while we were hearing that the problem with the market was a lack of clarity, a need for the government to lay our their strategy clearly and with transparency. That sounds so naive now. With 0 running away from the Whitehouse at every opportunity and Geithner hiding under his bed, we have no reason to believe a fix is in the works any time soon and the market will continue to deteriorate.
You must not have noticed that the market has lost confidence in 0 and Geithner. For a while we were hearing that the problem with the market was a lack of clarity, a need for the government to lay our their strategy clearly and with transparency. That sounds so naive now. With 0 running away from the Whitehouse at every opportunity and Geithner hiding under his bed, we have no reason to believe a fix is in the works any time soon and the market will continue to deteriorate.
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