"Economic Pearl Harbor"

re: "Economic Pearl Harbor"

Tanzitwo — Wed, 08 Oct 2008 22:39:25 GMT

The market will be crazy, some yoyo effects but will remain on the downside for quite awhile perhaps 6-10 months but the market will soon pull out and when it does, those who hung-in-there and rode out the worst of it, will reap the benefits.

re: "Economic Pearl Harbor"

Bryn1972 — Fri, 10 Oct 2008 19:20:21 GMT

It's a gamble, and we have only history to guide us. The stock market has plunged before...it always went back up.

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anish2u — Fri, 10 Oct 2008 22:00:54 GMT

I plunged into the mar

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GeekMarine72 — Tue, 14 Oct 2008 17:17:38 GMT

I must say, if one uses the technical analysis presented in "A Random Walk Down Wallstreet", we've bottomed out and should see sustained growth ahead, with a few down days but a lot of growth ... I'm getting in Wednesday afternoon (as I expect to see it slide down once again before starting the long climb ...)

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fkanu345 — Mon, 01 Dec 2008 17:52:10 GMT

I am just investing because Warren Buffet and Suze Orman said this is the best time to buy. People with wisdom and good judgment will do, as the best in the business have spoken. The problem is I don't know what to buy because ALL the analysts are same oooold Wall Streeters and have been wrong many times over before.
-fk

re: "Economic Pearl Harbor"

IwriteMusic — Sat, 06 Dec 2008 04:06:13 GMT

There are some great studies that suggest that people to get into the market and hold, will win out--if they buy things that are worthwhile.

We all know prices can go up... so buying now, and holding would appear to be a win.

Learning now, would be even better... a thanks Zecco for a place to do this...

What brought me to this was -- hello! I've lost 40%, passively. Index mutual funds, etc.

I think I could do better... being in the bilge with everyone else is NOT where I want to be... and I have been trying different things for a year, let's try Zecco... they seem to have a great entry point for people to learn at a minimal cost... again, realizing that I could lose my trading money -- but it's educational... and I don't think I'll lose 40%... :) Or at least if I do, I'll be wiser at the end.

How much does an education cost these days?

Investments--and Trades--
What to buy if I had all the money in the world?
Well run companies that build nuclear power plants. It takes years, but they will be coming online sometime.

Utilities, population continues to grow-- and we will NOT all be using solar panels.

Things related to Farms -- ditto. Country can't feed itself is going to be in trouble...

Again, what's the time table. Things are chaotic... but we are all hopeful for the sake of our old folks, that some things will come back up...

However, if this doesn't happen for 6 days, 6 weeks, 6 years, what would you do?

For me, learning is the key thing of a time like now, knowing that many of the systems that might have worked before... may or may not work... a friend who is a day trader was incensed when he couldn't short sell some banks... he's also REALLY learned something about the power of government.

Again, Thanks Zecco.

re: "Economic Pearl Harbor"

Keith2 — Mon, 22 Dec 2008 19:57:18 GMT

You're joking Jeroen, I hope. But I can see you are not. This is about more than taking a stand in principle against stupidity. This is about making a pivotal decision about our country. We are at a crossroads in this nation of ours. To the left we have socialism/communism and to the right we have capitalism. We need to decide if this country is a socialist/communist country or if its a capitalist country. I say its a capitalist country and if you don't like it, get out.

I am mad as hell that the auto bailout found a way to get funded. Keep in mind it never "passed", Congress listened to the people (the second time around, unlike the first), the president hi-jacked money from previously passed legislation and re-directed it elsewhere. A majority of citizens are against the bailout. If most people are against it, then its wrong. I am so damn tired of having elected officials do what they want to do instead of what constituents want them to do under this notion that they know whats best for us.

You know, I am tired of paying paying ever increasing taxes to support people, industries and companies that are too stupid to survive. Detroit made its bed, they deserve to lay in it. I realize it might not be all that comfortable, but its the bed they made for themselves.

By what flawed logic does the inability of the big three to keep their business affairs in order become my problem? I didn't have anything to do with it. Why should I be forced to pay for it? If anyone is going to pay for it, let the executives pay for it. They are the ones that made the mess in the first place. And so what if the market sells off when the bailout does not pass? Let them sell. Governing decisions should not be made based on how Wall St. is going to react the next morning.

The role of government is to provide an environment where entities that want to succeed in a private enterprise have the environment in which to do so. That includes laws that keep people from being ripped off or exploited when they try to start a business, systems that ensure investors are told the correct information by principles when they know it and as they know it and processes that make the ability to turn a profit possible. It does not involve personally overseeing the operations of companies or making sure that companies are adequately capitalized. The reason no one will invest in the big three is because their record of managing the companies is so abominable that only a brave few feel safe buying their stock.

Against my better judgment, I could have supported the auto industry loan if it included real reforms that would have made a real difference. But this so-called bridge loan with is loosely attached strings does nothing of the sort. What does do is give welfare to Detroit. The Big 3 have admitted that under their plan with its best-case scenario outlook, this loan will delay their collapse by about 3 months. This is exactly like the welfare that many of the citizens of Detroit get. They are expected to do nothing in exchange for the free money.

You know what really bothers me about welfare? Its the fact that it involves giving to something to people and entities that give nothing back. Its like a black hole that we try to fill in with money. Its a waste, is what it is. But the government knows alot about waste, this much is certain. They are so good at wasting out money its not even funny.

I am a firm believer in survival of the fittest. If you're too weak to survive, then you need to die. Pure and simple. It may not be pleasant to think about, but that's the way it is.

re: "Economic Pearl Harbor"

Mountainman — Sun, 01 Feb 2009 22:26:42 GMT

Keith2,
Spot on! You nailed it!!

"Economic Pearl Harbor"

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