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The shoeshine boy spoke today... - 6/6/2008 4:18:36 PM   
Griswold


Posts: 2739
Joined: 2/12/2007
Status: offline 		Anyone who reads history knows the old adage about the shoeshine boy telling the guy in the chair...."today's a good day to buy stocks".

Today we all got our warning bell.

The recession began today.

Anyone that knows me personally, knows I follow this game fairly closely....moreover, anyone that follows history knows....today you got the warning bell.

Get your warm sweaters out....we're in for a very bumpy ride.

(Very).



< Message edited by Griswold -- 6/6/2008 4:19:35 PM >
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RE: The shoeshine boy spoke today... - 6/6/2008 4:20:42 PM   
FullCircle


Posts: 5713
Joined: 11/24/2005
Status: offline 		It's socks not stocks. What would a shoeshine boy be concerned with stocks for?
 
This is a common historical error that should have been corrected by now.


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RE: The shoeshine boy spoke today... - 6/6/2008 4:43:03 PM   
popeye1250


Posts: 18104
Joined: 1/27/2006
From: New Hampshire
Status: offline
quote:

ORIGINAL: Griswold

Anyone who reads history knows the old adage about the shoeshine boy telling the guy in the chair...."today's a good day to buy stocks".

Today we all got our warning bell.

The recession began today.

Anyone that knows me personally, knows I follow this game fairly closely....moreover, anyone that follows history knows....today you got the warning bell.

Get your warm sweaters out....we're in for a very bumpy ride.

(Very).




Gris, I agree.
Joe Kennedy (The Bootlegger, anti semite, Nazi sympathiser, and criminal and patriarch of the Kennedy Crime Family) got out of stocks in May of 1929 when a Cab Driver started giving him advice on which stocks to buy.
And in Washington, D.C. "NERO" is fiddling while gasoline prices are skyrocketing.
Even Ed McMann's going to lose his house!
Warren Buffet said two weeks ago that we are already in a reccession and it will last longer and be deeper than most people think.
I think he was holding back a lot on us!
We're headed down a mountain road with no brakes and it ain't going to be good.

< Message edited by popeye1250 -- 6/6/2008 4:46:13 PM >

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RE: The shoeshine boy spoke today... - 6/6/2008 5:18:02 PM   
Griswold


Posts: 2739
Joined: 2/12/2007
Status: offline
quote:

ORIGINAL: popeye1250
Gris, I agree.
Joe Kennedy (The Bootlegger, anti semite, Nazi sympathiser, and criminal and patriarch of the Kennedy Crime Family) got out of stocks in May of 1929 when a Cab Driver started giving him advice on which stocks to buy.
And in Washington, D.C. "NERO" is fiddling while gasoline prices are skyrocketing. (To mix metaphores).
Even Ed McMann's going to lose his house!
Warren Buffet said two weeks ago that we are already in a reccession and it will last longer and be deeper than most people think.
I think he was holding back a lot on us!
We're headed down a mountain road with no brakes and it ain't going to be good.


Well...I'm not so sure I'd run the paradigm quite so shifting as you have....however, I do concur on your premise. 

And it is indeed now.

(Today).


< Message edited by Griswold -- 6/6/2008 5:23:59 PM >

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RE: The shoeshine boy spoke today... - 6/6/2008 5:23:08 PM   
petdave


Posts: 2479
Status: offline 		What warning bell? What's a shoeshine?

i'm so confused

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RE: The shoeshine boy spoke today... - 6/6/2008 5:24:56 PM   
Griswold


Posts: 2739
Joined: 2/12/2007
Status: offline
quote:

ORIGINAL: petdave

What warning bell? What's a shoeshine?

i'm so confused



(Indeed).

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RE: The shoeshine boy spoke today... - 6/6/2008 5:30:15 PM   
petdave


Posts: 2479
Status: offline 		Yup. Ah well. If he's serious about the stock thing, i've got a nice set... real heavy, leather lined, hardly used... just lemme know.

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RE: The shoeshine boy spoke today... - 6/6/2008 5:53:34 PM   
hizgeorgiapeach


Posts: 1672
Status: offline 		That definately explains the phonecall I got this afternoon from my financial advisor/investment broker.
 
Yep, guess I'll call him back Monday and tell him to get on the ball with the plan we discussed at length to consider implementing.

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Light travels faster than sound, which is why some people appear bright until you hear them speak.
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RE: The shoeshine boy spoke today... - 6/6/2008 6:19:14 PM   
Griswold


Posts: 2739
Joined: 2/12/2007
Status: offline
quote:

ORIGINAL: hizgeorgiapeach

That definately explains the phonecall I got this afternoon from my financial advisor/investment broker.
 
Yep, guess I'll call him back Monday and tell him to get on the ball with the plan we discussed at length to consider implementing.


If that conversation includes cashing out and putting all your cash in things you have direct control over....I'd encourage it.

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RE: The shoeshine boy spoke today... - 6/6/2008 6:24:35 PM   
pinksugarsub


Posts: 1224
Status: offline
quote:

ORIGINAL: popeye1250

quote:

ORIGINAL: Griswold

Anyone who reads history knows the old adage about the shoeshine boy telling the guy in the chair...."today's a good day to buy stocks".

Today we all got our warning bell.

The recession began today.

Anyone that knows me personally, knows I follow this game fairly closely....moreover, anyone that follows history knows....today you got the warning bell.

Get your warm sweaters out....we're in for a very bumpy ride.

(Very).




Gris, I agree.
Joe Kennedy (The Bootlegger, anti semite, Nazi sympathiser, and criminal and patriarch of the Kennedy Crime Family) got out of stocks in May of 1929 when a Cab Driver started giving him advice on which stocks to buy.
And in Washington, D.C. "NERO" is fiddling while gasoline prices are skyrocketing.
Even Ed McMann's going to lose his house!
Warren Buffet said two weeks ago that we are already in a reccession and it will last longer and be deeper than most people think.
I think he was holding back a lot on us!
We're headed down a mountain road with no brakes and it ain't going to be good.


Gris: what exactly happened today that was different from any other day?
 
Popeye:  You make some fine points, but Man, You sure do subscribe to some pretty 'out there' conspiracy theories.  Ever post any links to back up some of Your claims?  Just wondering.
 
pinksugarsub

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RE: The shoeshine boy spoke today... - 6/6/2008 6:25:18 PM   
hizgeorgiapeach


Posts: 1672
Status: offline 		That was exactly what he suggested, because of how the market is looking currently. 
 
I voiced concerns over things I suspected would become trends 2 years ago, when I took over from my dad in dealing with the family financial matters.  2 years ago when I said something.... a year ago when I said something.... 6 months ago when I said something... I got the same answer:  "I'll let you know if we need to worry and pull out."  
 
His comment today was "It's time to worry, and start thinking about pulling out of the market.  I don't anticipate any upswings within the next 2 years, regardless of who gets elected, and there are Going to be further downs, probably significant ones, prior to anything getting better."

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Rhi
Light travels faster than sound, which is why some people appear bright until you hear them speak.
Essential Scentsations

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RE: The shoeshine boy spoke today... - 6/6/2008 6:26:52 PM   
tsatske


Posts: 2037
Joined: 3/9/2007
From: Louisville, KY
Status: offline 		Petdave, I am always interested in stocks. have you some bonds you can sell to go with those? and maybe a nice whip or violet wand?

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RE: The shoeshine boy spoke today... - 6/6/2008 6:28:25 PM   
Level


Posts: 25145
Joined: 3/3/2006
Status: offline 		When things dip, isn't that the time to buy?
 
What would happen if we did away with the stock market? It all just makes economy look like a bunch of smoke and mirrors.

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Fake the heat and scratch the itch
Skinned up knees and salty lips
Let go it's harder holding on
One more trip and I'll be gone

~~ Stone Temple Pilots

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RE: The shoeshine boy spoke today... - 6/6/2008 6:47:17 PM   
hizgeorgiapeach


Posts: 1672
Status: offline 		You would think so, Level, but I have to consider the fact that I will consistantly loose money - money which isn't Mine, it's my dad's retirement which is paying a huge chunk of his nursing home and medical costs - until the market starts to pull out, at least 2 to 5 years down the road.   If I leave it in stocks for the next year, at the current rate and with a deepening recession/imminent depression, it will lose so much value that it won't last TO start climbing again, since it IS being used to keep dad's bills paid since his stroke. 
 
If it were money set aside for MY retirement, which won't be for another 20 years (presuming civilization lasts that long lol) I would leave it in there to wait it out.  Since it's dad's retirement, and my Larger obligation to him is to ensure that it actually lasts through the 18 to 24 months that he Might still have alive... it's a different story.  Some might argue that if I want to ensure myself an inheritance, I'll leave it in to ride... but I have an obligation to him (both ethical and Legal) to see to it that his bills remain as caught up as possible until he no longer has any assets that Can be used to keep him out of debt.  Oh so fun, when your parents stop being your parents and become your pseudo children...

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Rhi
Light travels faster than sound, which is why some people appear bright until you hear them speak.
Essential Scentsations

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RE: The shoeshine boy spoke today... - 6/6/2008 6:51:20 PM   
NumberSix


Posts: 1378
Joined: 12/30/2006
Status: offline 		It is. (smoke and mirrors) a shared concept.  (LOL, read gorean forum)

If you did away with the stockmarket......well;

where would you buy bacon and eggs?

oil is a different sort of commodity than can be ingested; but as with tulips, there is a supply, demand and a speculation about what the future might bring.

No?

Ron

< Message edited by NumberSix -- 6/6/2008 6:53:07 PM >

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RE: The shoeshine boy spoke today... - 6/6/2008 6:53:06 PM   
Level


Posts: 25145
Joined: 3/3/2006
Status: offline 		Ahh, I understand your dilemma, Rhi. I look after my mom, but at least she doesn't have to worry about any stocks

_____________________________

Fake the heat and scratch the itch
Skinned up knees and salty lips
Let go it's harder holding on
One more trip and I'll be gone

~~ Stone Temple Pilots

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Profile   Post #: 16
RE: The shoeshine boy spoke today... - 6/6/2008 6:55:17 PM   
Griswold


Posts: 2739
Joined: 2/12/2007
Status: offline
quote:

ORIGINAL: pinksugarsub
Gris: what exactly happened today that was different from any other day?
 
Popeye:  You make some fine points, but Man, You sure do subscribe to some pretty 'out there' conspiracy theories.  Ever post any links to back up some of Your claims?  Just wondering.
 
pinksugarsub


Oil, of course, as most news agencies have covered, jumped 10 bucks a barrel (or thereabouts) today.

After having dropped a like amount this same week, and with many pundits exclaiming "Big Oil is DONE!!!!".

The largest dollar increase in one day....and the 2nd largest % amount in one day, in history.

Unemployment, while jumping only 49,000 units, not so unusual in a completely different economy, jumped from 5.1% (or maybe it was 5.2)%....to 5.5%.

Effectively 10%...in an unusually short period.

Recent reports for housing, while fluctuating (in the news anyways) all over the map....concluding in one week that things are improving....in the next ...."the sky is falling...the sky is falling!!!!!"....(and in some cases it is).

In others, it's not.  Decidedly.

But where it is...it's pretty awful...and where it's not...it's already knocking at the door.

As to Popeye...on occasion, I'm astounded at the depth of his thoughts....and on other occasions, I wonder if he was dropped on his head...several times.

(Before he was 5).

And then possibly...several times during his early and late teens.

(I suspect that'll continue).



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RE: The shoeshine boy spoke today... - 6/6/2008 6:55:45 PM   
Level


Posts: 25145
Joined: 3/3/2006
Status: offline 		Good evening, Ron.
 
We'd still have bacon and eggs, but would most of us have any sort of retirement?
 
Of course, you're right that it is so much illusion.

_____________________________

Fake the heat and scratch the itch
Skinned up knees and salty lips
Let go it's harder holding on
One more trip and I'll be gone

~~ Stone Temple Pilots

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Profile   Post #: 18
RE: The shoeshine boy spoke today... - 6/6/2008 6:57:30 PM   
Griswold


Posts: 2739
Joined: 2/12/2007
Status: offline
quote:

ORIGINAL: hizgeorgiapeach

That was exactly what he suggested, because of how the market is looking currently. 
 
I voiced concerns over things I suspected would become trends 2 years ago, when I took over from my dad in dealing with the family financial matters.  2 years ago when I said something.... a year ago when I said something.... 6 months ago when I said something... I got the same answer:  "I'll let you know if we need to worry and pull out."  
 
His comment today was "It's time to worry, and start thinking about pulling out of the market......."


He's correct.

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RE: The shoeshine boy spoke today... - 6/6/2008 7:03:39 PM   
Hippiekinkster


Posts: 5512
Joined: 11/20/2007
From: Liechtenstein
Status: offline
quote:

ORIGINAL: pinksugarsub

Gris: what exactly happened today that was different from any other day?
 
Popeye:  You make some fine points, but Man, You sure do subscribe to some pretty 'out there' conspiracy theories.  Ever post any links to back up some of Your claims?  Just wondering.
 
pinksugarsub
Links are verboten here. Only anecdotes, hearsay, and assertions are taken as factual evidence here. One guy even said, after GT said she felt dirty after reading my JB Stoner link, that's why he doesn't read my links. Ignorance is indeed bliss.

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