Author Topic: Doom and gloom  (Read 3015 times)

Offline HaagenDazs

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Re: Doom and gloom
« Reply #15 on: August 09, 2011, 11:08:26 PM »
The average Joe makes a major mistake trying to time the market. You make money over the long haul so I don't worry too much about it day to day. I am very diversified anyway. Anyone who bets long-term against the U.S. is a fool in my opinion.

Exactly.  Today is the perfect example.

Offline KoPP

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Re: Doom and gloom
« Reply #16 on: August 10, 2011, 03:28:04 PM »
Wow. Polls and the S&P want to eat the rich.

Offline Minerva

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Re: Doom and gloom
« Reply #17 on: August 11, 2011, 07:18:07 AM »
Wow. Polls and the S&P want to eat the rich.


Perhaps this is why...

http://www.economist.com/node/16690659
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Offline bettylouski

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Re: Doom and gloom
« Reply #18 on: August 11, 2011, 08:56:25 AM »

Offline The_Scientist

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Re: Doom and gloom
« Reply #19 on: August 13, 2011, 10:42:33 AM »
http://www.slate.com/id/2301413/

Stocks have become disconnected from the larger economy, with so many traders trying to job the system in search of an easy buck. That's why there was a big run-up in values even though the recession was still lingering. There's also the fact that interest rates are so low that bonds and CD's can't pay out enough to outrun inflation, so people need to look for better returns.

I can't believe that the same representatives in Congress who threw a meenkeywrench in the works and caused a near default now say that the credit rating downgrade is because the debt ceiling was raised for the 70th time. And a good number of people believe it!
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Offline Lorenzo

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Re: Doom and gloom
« Reply #20 on: August 19, 2011, 08:32:57 AM »
So did anyone buy stocks who thought they were a bargain last week?  Timing the market, eh.

Offline KoPP

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Re: Doom and gloom
« Reply #21 on: August 19, 2011, 09:46:04 AM »
Bouncy bouncy. Hard to make money in this market unless you're on it 8 hours a day. Way too volitile for me.

 

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