Posted on 10/02/2002 5:04:51 PM PDT by rohry
The artisan work is beautiful and yet we keep it packed up and stashed and never bring it out. Paper money may be funny money to you guys, but at least it can earn interest or leverage a lot of other stuff like R.E.
It's gonna be a cold day in hell before the Hunt Bros. are resurrected and try to monopolize silver ever again and get us even close to even on those purchases. Even the PBS antique show ain't gonna do us any good, nor E-Bay. Oh well, it has sentimental value sittin in them boxes corrodin and tarnishin!!!
If I had any timing sense, I'd be going REAL short. Fortunately, I know enough to stay the hell out (well, except for my fully-diversified 401k, which I hope doesn't lose money faster than my company match).
Heh heh!
Just shows that you need to understand that markets go up and down. Why did you not sell it when you had a small loss?
To continue holding a financial asset that is falling in value and is tradeable is a sign of someone who does not have a grasp on the essence of markets.
They can go up and down and the object is to make a profit.
Now if you had purchased all the silver dollars in a bank vault when the dollar link to silver was repudiated and stored them, you would have a nice increase over the years far beyond the interest you might have earned on the paper.
Investors are different than traders admittedly but you still have to recognize that "Buy and Hold" is a risky proposition.
Bear Stearns Wrongly Enters in $4 Bln in Stock Sales, NYSE SaysLets see, the S&P500 falls three points, or 0.363 percent. 0.363 percent of 618 milion (622-4) is 2,243,340. Someone lost 2 and a quarter million and its not material? I wonder who it is material too?By Monique Wise
New York, Oct. 2 (Bloomberg) -- A Bear Stearns Cos. trader incorrectly entered $4 billion of orders to sell shares of U.S. companies, a New York Stock Exchange statement said.
The trades, which should have totaled $4 million, were entered at about 3:40 p.m., the exchange said. Of the trades, $622 million were executed, while the rest were cancelled, the exchange said.
Bear Stearns said the mishap will have ``no material impact on the firm,'' according to spokeswoman Elizabeth Ventura.
The trades were earlier reported by CNBC.
Between 3:40 p.m. and 3:44 p.m., New York time, the Standard & Poor's 500 Index fell 3 points to 826.5. The index closed at 827.91.
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Yep, if this strike drags on think of all the Walmarts, Home Depots and 99 cent stores that will be cut off from their Chinese imports.
Of course it does. I rationalize the whole thing as "Sentimental Value," just to cover the fact that I bought high and held for 15 years just for sentiment and recognition of remaining married to my first wife for 25 years. Now it's 40 years and we depreciate while our memories appreciate until either inherint vice or alzheimers tanishes that too.
Everybody around us has traded in their spouses always looking for greener grass or the dream of tradin up, or something like that... oh well. No body goes long or values relationships anymore. It requires too much commitment. However, not everybody wins by tradin off, either. It's all in what one values, I guess.
Jim is a San Diego republican. You can tell that if you have listened to his internet broadcasts and read a few of his articles. He is a bit of a gold bug, but I don't believe he is "talking the economy down" to sell gold, etc. He is just calling it as he sees it.
I bought high and held for 15 years just for sentiment and recognition of remaining married to my first wife for 25 years. Now it's 40 yearsSeems like a decent investment.
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Yup! The one time I told her I was thinkin 'bout tradin her in for two twenties, she tole me I couldn't handle the voltage!!!
Only if the Republicans take both the House and the Senate will I put more money into the market.
Puh-leeze.....
The Pubbies or the Dems in power have the same pull on the markets - bigger gov't, higher taxes or higher debt, more regulations, and the like.
For all you FReeper Pubbie market bulls, the market is not political. If you sink your dollars into the market when the Pubbies get it all, you will just lose them under the Pubbies watch. This market is going down, and the Pubbies can't stop it.
It's not The UNIBANGER's fault, nor the Pubbies. This market has been in a speculative frenzy for years, and the party is over. The piper has to be paid - Pubbies or not.
No mention of record refinancing etc.
This is a regular feature on FR. The author has previously opined about refi, and how it is compounding the problem. Most of the refis are not going to reduce the monthly payment, but to get the equity out for more consumer spending. The consumer spending will eventually dry up, and JOSE SIX PACK and JUAN Q PUBLIC will be left more debt, higher bills, and lots of misery.
Refis are a bad thing for our recovery.
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