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Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 5:43:40 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		the US stock market lost 600 billion $, global markets went down also.

"temporary blip"  "attempted assination of Cheney"  "correction" [so called "experts"]  

The last huge plaunge is known as "black monday".  Safeguards were estableshed so if the market looose xx amonut- it closes for the day. [electronic trading]
No much mention of this.

Not mentioned is the US govt - HUGE debt- includiing cost of Iraq.

So- What is your take on the stocks markets??

bush2 has spent more money the ALL other US presidents COMBINED!

I wonder how many folks had they been in "safe stocks" would fare/ [pensions, retirement]

Guns and butter for me.
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 6:35:55 AM   
seeksfemslave


Posts: 4011
Joined: 6/16/2006
Status: offline 		The only people that really know how safe the market is are not likely to say.
The public will find out in due course.

(in reply to pahunkboy)
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 6:38:25 AM   
subfever


Posts: 2895
Joined: 5/22/2004
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quote:

ORIGINAL: seeksfemslave

The only people that really know how safe the market is are not likely to say.
The public will find out in due course.


I couldn't have said it better.

(in reply to seeksfemslave)
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 6:40:15 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: seeksfemslave

The only people that really know how safe the market is are not likely to say.
The public will find out in due course.


You sir, get my informal post of the day award!   I agree with you 100%

(in reply to seeksfemslave)
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 7:41:07 AM   
sub4hire


Posts: 6775
Joined: 1/1/2004
Status: offline 		I think I've never been able to master the stock market yet.  Also considering investing while the investing is good.  Which more than likely means it is a really bad time to invest in anything.

Usually doing what I think is best is the absolute worst thing you could do when it comes to the market.

(in reply to pahunkboy)
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 9:23:50 AM   
happypervert


Posts: 2203
Joined: 5/11/2004
From: Scranton, PA
Status: offline 		It's funny that people get all freaked out over a one day drop in the market without putting it into perspective -- the DOW index has been climbing pretty steadily since last July and so the drop yesterday put it back to where it was around mid Dec. Furthermore, no one seems to have a good explanation for the drop -- sometimes these things just happen because computer programs kick in to capture gains, and that selling causes prices to drop further causing more selling.

Now it's up 55 points today, so someone is cashing in on the overreaction yesterday. But that isn't unusual either -- panic one day then calmer heads take over later.


_____________________________

"Get a bicycle. You will not regret it if you live." . . . Mark Twain

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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 9:34:39 AM   
stockingluvr54


Posts: 673
Joined: 6/22/2006
Status: offline 		The SMART people that know and follow individual stocks will most likely look at the turndown as a buying opportunity (knowing it's a market of stocks and not a stock market)....the masses will jump back in when things head north again on a steady high tide....then the SMART guys will take their profit from the masses.....JMO

(in reply to happypervert)
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 10:07:35 AM   
seeksfemslave


Posts: 4011
Joined: 6/16/2006
Status: offline 		I got burned in that "hi tech" bubble that burst a few years back.
Towards the end, IMO, a fraud was being perpetrated on the unsuspecteing public.

In the UK our main stock index called the <Footsie> peaked around , from memory, late 2000. My base instincts took control, I wanted some so I invested in Unit Trusts.....naturally the Market went into a nose dive.

Things were fast approaching the peak until a few days ago.
Keeping my fingers crossed !

(in reply to stockingluvr54)
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 11:19:41 AM   
stockingluvr54


Posts: 673
Joined: 6/22/2006
Status: offline 		It's of course easy for me to spout about the market as I currently have no money on the table...lmao! I've made a little and lost a little in the market. I'm gettin old now so "preservation" is what I'm after now. I'll continue to take my measley 4.7% at the Credit Union and if a good real estate deal pops up...I may jump on it...but I'm a cheap bastard so it'd have to be a real deal. Anyways...don't have time or the risk to play in the market anymore. I'll take the 4.7% and not sweat over ups and downs,etc......just me

PS...sorry you took a hit.... I know a few that got hurt bad on that little cycle......


< Message edited by stockingluvr54 -- 2/28/2007 11:27:29 AM >

(in reply to seeksfemslave)
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 11:43:33 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline 		Every post I see here- EXCELLENT!

I too lost on the net bubble, and then the asian curency devaluation, as well as k-tel, i had stock in coke, blue chips stuff- for vanity==  I thought I was wise- since you never have to fix a roof owning stock. So I saved the certificates in case i need toilet paper.

Incidently- I challenge the tightwad here. i betcha im a hardcore tighwad-  -per haps even tightwad of the century

LOL- oh well- mayble ill think of it as a long trip to vegas.  ;-0~~~

(in reply to stockingluvr54)
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 11:48:26 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: happypervert

It's funny that people get all freaked out over a one day drop in the market without putting it into perspective -- the DOW index has been climbing pretty steadily since last July and so the drop yesterday put it back to where it was around mid Dec. Furthermore, no one seems to have a good explanation for the drop -- sometimes these things just happen because computer programs kick in to capture gains, and that selling causes prices to drop further causing more selling.

Now it's up 55 points today, so someone is cashing in on the overreaction yesterday. But that isn't unusual either -- panic one day then calmer heads take over later.



I respectfully disagree.  Michael Milken, S and L crises, Alan Greenspan, We went from sound finances when Clinton left. To -- IMO
a looming
- USD currency devaluation.   [pension funds are not there, and iraq is on USA charge card]

Big fish eat the little fish.

(in reply to happypervert)
Profile   Post #: 11
RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 11:53:21 AM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: seeksfemslave

I got burned in that "hi tech" bubble that burst a few years back.
Towards the end, IMO, a fraud was being perpetrated on the unsuspecteing public.

In the UK our main stock index called the <Footsie> peaked around , from memory, late 2000. My base instincts took control, I wanted some so I invested in Unit Trusts.....naturally the Market went into a nose dive.

Things were fast approaching the peak until a few days ago.
Keeping my fingers crossed !



Alan Greenspan warned of "irrational exhuberance"

The brits seen and warns US people-per TV, that the bubble will burst.

At one time- any dream was obtainable in America. 
There is a certain optimism [and pesimism/whiney] culturelly.

For a western country we do not have the red tape that other countries have. I am very serious. Canada has more red tape- and Canada is practically our 51st state.


(in reply to seeksfemslave)
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 12:00:51 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: stockingluvr54

It's of course easy for me to spout about the market as I currently have no money on the table...lmao! I've made a little and lost a little in the market. I'm gettin old now so "preservation" is what I'm after now. I'll continue to take my measley 4.7% at the Credit Union and if a good real estate deal pops up...I may jump on it...but I'm a cheap bastard so it'd have to be a real deal. Anyways...don't have time or the risk to play in the market anymore. I'll take the 4.7% and not sweat over ups and downs,etc......just me

PS...sorry you took a hit.... I know a few that got hurt bad on that little cycle......



Dear comrad tightwad,

Alarm bells went off in my head over one word in your post!   " Credit Union"
 
You are a wise man.  Those nasty credit unions---- banks change names every year. I dont even know where which bank is any more. I belong to 4-5 credit unions.
 
Folks- if you want a credit union, I can locate one you would qualify for. I also have the paperwork to start a credit union as well.
 
 
If you are using a bank- you are wasting money. Feel free on or off board for credit union info.
 

(in reply to stockingluvr54)
Profile   Post #: 13
RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 2:33:32 PM   
seeksfemslave


Posts: 4011
Joined: 6/16/2006
Status: offline 		 
quote:

ORIGINAL: stockingluvr54
I'll continue to take my measley 4.7% at the Credit Union and if a good real estate deal pops up...I may jump on it...but I'm a cheap bastard so it'd have to be a real deal. Anyways...don't have time or the risk to play in the market anymore. I'll take the 4.7% and not sweat over ups and downs,etc......just me

Exactly stockinglover54, my sentiments entirely....I even like stockings lol

Real Estate is the <real deal> I think, especially if you can deal with the hassle and even more so if you have the skill to buy a wreck, do it up and sell on.
Decent money to be made there !!
Lots of hard work tho'.
If things progress you employ someone else to do the hard grind !!


(in reply to stockingluvr54)
Profile   Post #: 14
RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 2:57:11 PM   
pahunkboy


Posts: 33061
Joined: 2/26/2006
From: Central Pennsylvania
Status: offline
quote:

ORIGINAL: seeksfemslave


quote:

ORIGINAL: stockingluvr54
I'll continue to take my measley 4.7% at the Credit Union and if a good real estate deal pops up...I may jump on it...but I'm a cheap bastard so it'd have to be a real deal. Anyways...don't have time or the risk to play in the market anymore. I'll take the 4.7% and not sweat over ups and downs,etc......just me

Exactly stockinglover54, my sentiments entirely....I even like stockings lol

Real Estate is the <real deal> I think, especially if you can deal with the hassle and even more so if you have the skill to buy a wreck, do it up and sell on.
Decent money to be made there !!
Lots of hard work tho'.
If things progress you employ someone else to do the hard grind !!



My reply:  hmmm. Im not so fast. Code violations, rent controlled, toxic waste, metn lab clean up costs, radon, termites, sink holes, zoning conflicts, special asssessments, slums, arson, loydes of london, eviction, deadbeats, gangs,. graphitti, etc.  can come close to putting owner in jail is some locales. ....aside from costing money.

(in reply to seeksfemslave)
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 3:02:24 PM   
stockingluvr54


Posts: 673
Joined: 6/22/2006
Status: offline
quote:

ORIGINAL: pahunkboy

quote:

ORIGINAL: stockingluvr54

It's of course easy for me to spout about the market as I currently have no money on the table...lmao! I've made a little and lost a little in the market. I'm gettin old now so "preservation" is what I'm after now. I'll continue to take my measley 4.7% at the Credit Union and if a good real estate deal pops up...I may jump on it...but I'm a cheap bastard so it'd have to be a real deal. Anyways...don't have time or the risk to play in the market anymore. I'll take the 4.7% and not sweat over ups and downs,etc......just me

PS...sorry you took a hit.... I know a few that got hurt bad on that little cycle......



Dear comrad tightwad,

Alarm bells went off in my head over one word in your post!   " Credit Union"
 
You are a wise man.  Those nasty credit unions---- banks change names every year. I dont even know where which bank is any more. I belong to 4-5 credit unions.
 
Folks- if you want a credit union, I can locate one you would qualify for. I also have the paperwork to start a credit union as well.
 
 
If you are using a bank- you are wasting money. Feel free on or off board for credit union info.
 
Well thanks for the wise man compliment I guess? I'd like to think so but I've made a few mistakes myself....

Anyways....those fuckin banks (get pissed just saying that word) have really been gettin bad lately as you say! Had been dealing with bank X for years and had both my biz account, Merchant account and my savings thru them. Seems like every year they change hands so I have to open up a new account with new rules,etc. Used to be able to set the main guy down and get a little more interest on my dough or haggle and have a little less taken off my Merchant Account fees ... NOT anymore!!!! I warned them I was gonna move my MA if they couldn't be more competitive.....they wouldn't deal so I went to Costco. Same thing on my savings so I moved my dough over to the Credit Union and make about double interest on savings. Moved my Merchant Account to Costco and saved roughly 2% on fees. I only keep about 5g's in my biz account at the bank..... fuck em....they won't deal or be competitive anymore. They pissed me off a few times so I basically don't do much biz there anymore.... About once a month I peel off anything over 5g at the bank and move er to the CU!!!!!  I'd like to think it pisses em off but I'll bet it really doesn't..... sure makes me feel better tho.....

(in reply to pahunkboy)
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 3:08:17 PM   
stockingluvr54


Posts: 673
Joined: 6/22/2006
Status: offline
quote:

ORIGINAL: seeksfemslave


quote:

ORIGINAL: stockingluvr54
I'll continue to take my measley 4.7% at the Credit Union and if a good real estate deal pops up...I may jump on it...but I'm a cheap bastard so it'd have to be a real deal. Anyways...don't have time or the risk to play in the market anymore. I'll take the 4.7% and not sweat over ups and downs,etc......just me

Exactly stockinglover54, my sentiments entirely....I even like stockings lol

Real Estate is the <real deal> I think, especially if you can deal with the hassle and even more so if you have the skill to buy a wreck, do it up and sell on.
Decent money to be made there !!
Lots of hard work tho'.
If things progress you employ someone else to do the hard grind !!




When I was talking real estate I was thinking just raw dirt.... Don't have time for "fixer uppers" or rentals.....much less RENTERS.....!!!!! lmao......

(in reply to seeksfemslave)
Profile   Post #: 17
RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 3:19:57 PM   
seeksfemslave


Posts: 4011
Joined: 6/16/2006
Status: offline
quote:

ORIGINAL: stockingluvr54

quote:

ORIGINAL: seeksfemslave
quote:

ORIGINAL: stockingluvr54
I'll continue to take my measley 4.7% at the Credit Union and if a good real estate deal pops up...I may jump on it...but I'm a cheap bastard so it'd have to be a real deal. Anyways...don't have time or the risk to play in the market anymore. I'll take the 4.7% and not sweat over ups and downs,etc......just me

Exactly stockinglover54, my sentiments entirely....I even like stockings lol

Real Estate is the <real deal> I think, especially if you can deal with the hassle and even more so if you have the skill to buy a wreck, do it up and sell on.
Decent money to be made there !!
Lots of hard work tho'.
If things progress you employ someone else to do the hard grind !!


When I was talking real estate I was thinking just raw dirt.... Don't have time for "fixer uppers" or rentals.....much less RENTERS.....!!!!! lmao......


OK but real estate in the UK translates as buildings. to me anyway..
With regard to "plots" then, again in the UK, planning permission is crucial.
Is that a problem/limitation in the US ?

Pahunks post 15 lists the points that I meant when I said "hassle"

< Message edited by seeksfemslave -- 2/28/2007 3:22:17 PM >

(in reply to stockingluvr54)
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RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 3:29:08 PM   
meatcleaver


Posts: 9030
Joined: 3/13/2006
Status: offline 		Stock markets are just gambling houses and are as safe as the confidence people have in them which is why they fluctuate.

Like a $100, it is intrinsically worth no more than a $1 dollar bill, it is the same amount of paper and ink. It's only worth $100 because you have the confidence someoit's value will be honoured.

_____________________________

There are fascists who consider themselves humanitarians, like cannibals on a health kick, eating only vegetarians.

(in reply to pahunkboy)
Profile   Post #: 19
RE: Stock market !!!! PLUNGE--/ safe or not - 2/28/2007 3:44:00 PM   
seeksfemslave


Posts: 4011
Joined: 6/16/2006
Status: offline 		Cant argue with that MC, but we all like to pick a winner, especially if there's not much effort involved.

A real difficulty with the Stock Market is that private pension provision is crucially related to  the market's value.

(in reply to meatcleaver)
Profile   Post #: 20
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