Skip to comments.Stock Market in Landmark Plunge<P>
Posted on 06/21/2002 1:00:28 PM PDT by Tuco-bad
The S&P experienced its worst 17-week period ever (based on number of up/down S&P weeks), with the S&P down 14 of the past 17 weeks.
Uhhhh, maybe your calendar is a little off. The latest violence in Israel STARTED during the wonderful Clinton administration ... September 29, 2000 to be exact. Now, unless you're going to claim that the Palestinians started Intifada II in anticipation of Bush coming into office in 2001, you better take back this "fact".
I guess the FACT that the 9-11 plot was hatched and some of the participants infiltrated this country during your beloved Clinton administration also slipped through your fact-filter.
Clinton's policies and actions were obviously ineffectual, as evidenced by the 9-11 attacks and the Intifada II.
But their shot at Microsoft (lawsuits) started the bubble implosion - and the Clinton false bubble is now having to be handled by President Bush's team....while the Clintonistas and their friends in Communist China and in the ARab terrorist states are doing everything possible to keep the stock market - and our econmy - in the doldrums! Clinton deserves ZERO credit for the 90's false economy. He was and is a thief of the highest order - enriching his insider trading friends - like McCauliffe at Global Crossings - while helping build a false euphoria by turning their backs to corporate malfesance - in fact encouraging it!
Keep talking? To Arafat - the chief terrorist in Israel?
President Bush has continued to talk. The latest infifada started in the fall of 2000....under Clinton. The Clinton crime family were using bribery to keep our enemies "incheck". Along with false promises.
If you continue to praise Bill Clinton, you will go the way of other Clinton lovers who have mistakenly ventured in here. We here that claptrap from the presstitutes every day - we do not have to tolerate it here!
These boom-bust cycles are systemic to our inflationary economy. As one commentator has said, we no longer practice capitalism; we practice debtism.
Taxes are still way too high and the government has embarked on a dangerous spending spree. With an aging population and depleted capital stock, our creditors are seriously beginning to be skeptical of our ability to pay our public and private debt. There is more to come.
I'm sure no one's interested....
It's always the same with you gays...no matter how in·noc·u·ous the discussion, it has to end up being about sex....argh!
I'm sure no one's interested....
It's always the same with you gays...no matter how in·noc·u·ous the discussion, it has to end up being about sex....argh! - patriot_wes
Methinks you didn't get my joke.
You are going to continue to lose your shirt and possibly your pants too.
Put your money into short term FED bonds until stock P/E ratios are between 7 and 14. Otherwise, It'll take 15 or so years for you to just make up your losses let alone start making money.
I've got 15 years.
DollarCostAverageMan... here to right all wrongs... fighting for Truth, Justice and the Murrican way....
You said sex... huhhhuhhuhuhuuhhuhuhuhh hehehheheheheheh
I *love* reading his stuff... I mean, as a conservative surrounded by mean-spirited liberals I can relate to the guy... and like him, I deftly use wit and humor to successfully rattle the oposition...
1.) The Stock Market Bubble is Washed Away: this will be the case when the DOW is around 5000, NASDAQ around 500 to 700, and the S&P500 around 300 or so. P/E ratios should be in the 7 to 14 range on your stock purchases. Dividends will then be back in style.
2.) Bond market crisis: Stay away from corporate bonds, state and local government bonds. There are going to be a lot of bankruptcies, and bonds will be hit hard in rating downgrades.
3.) Interest Rate Spike: Interest rates may spike due to government need to retain foreign investor in Fed bonds, and the general risky lending environment banks will encounter in corporate and consumer loans. Stay away from long-term bonds; they will drop in value when rates go up.
4.) Bank Failures: Some banks may fail especially those that issue credit cards. Use FDIC insured accounts only.
We are facing a major financial crisis focus on preserving your money through the crisis not growing it. Money can be made in all of these phases, but not by the average investor.
The remainder of this post is from the Schaeffers Research site:
This is the beginning of the next leg lower in this bear market, and individual investors who are still influenced by the following widely held conventions will suffer in this coming decline.
1. We are in a developing bull market.
2. Buy and hold for the long haul is the best way to invest in stocks.
3. Blue chips will hold up in the market decline.
4. Small and mid-caps are the safe place to invest currently.
5. Stocks trading under $10 (particularly technology stocks) are cheap, and can't get any cheaper.
Please open your eyes and take some action to protect yourself and your families. This is your money, you have worked hard for it, and deserve to keep it. I am not trying to incite a panic, but I am hoping this will snap people out of the coma that seems to have gripped beaten up investors.
Lazamataz: I've got 15 years.
Oh good, you'll regain your investment principal but you won't make any money on it.
You must be a Motley Fool.
I love people who have absolute certain foreknowledge of the events yet to transpire.
What am I having for lunch tomorrow? The company menu is not up yet.
Besides, I can't lose what I never have on.
And Laz is a closet Vegan.
Then buy stock in companies that do more business overseas. Where did you come up with that idea?
Good idea! Name a few and we'll look at their charts over the last few months.
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