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musclehead
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« on: August 18, 2011, 12:49:51 PM » |
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looks like the fed is finally going to let the stock market go into correction. maybe it will properly refelect the economy.  down around 490+ |
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'in the tunnels uptown, the Rats own dream guns him down. the shots echo down them hallways in the night' - the Boss
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Momz
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« Reply #1 on: August 18, 2011, 03:12:45 PM » |
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I'm going broke.  Got a kid in college and that's bad enough. Maybe I should petition Congress to bail me out! |
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 ALWAYS QUESTION AUTHORITY! 97 Valk bobber, 98 Valk Rat Rod, 2K SuperValk, plus several other classic bikes |
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old2soon
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« Reply #2 on: August 18, 2011, 03:32:40 PM » |
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I'm going broke. Got a kid in college and that's bad enough. Maybe I should petition Congress to bail me out! NO NO NO-just call all your creditors and tell them you have raised your debt ceiling.   I mean heck-gubmint did it=why not you.   RIDE SAFE. |
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Today is the tommorow you worried about yesterday. If at first you don't succeed screw it-save it for nite check. 1964 1968 U S Navy. Two cruises off Nam.
VRCCDS0240 2012 GL1800 Gold Wing Motor Trike conversion
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f6john
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Posts: 9592
Christ first and always
Richmond, Kentucky
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« Reply #3 on: August 18, 2011, 03:39:46 PM » |
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Seems to be a self fulfilling phrophecy. The early morning news shows said it was going to happen before the bell rang. Europe and asia sneezes and we get the flu. We are all being played. It's happened before and it will happen again and the rich get richer.
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musclehead
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« Reply #4 on: August 18, 2011, 06:48:33 PM » |
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Seems to be a self fulfilling phrophecy. The early morning news shows said it was going to happen before the bell rang. Europe and asia sneezes and we get the flu. We are all being played. It's happened before and it will happen again and the rich get richer.
a month ago if you had money play I'd have told you to short the market. this is still the land of oppertunity, just got play against a stacked deck some times. |
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'in the tunnels uptown, the Rats own dream guns him down. the shots echo down them hallways in the night' - the Boss
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musclehead
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« Reply #5 on: August 18, 2011, 07:16:43 PM » |
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Democracy... while it lasts is more bloody than either aristocracy or monarchy. Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There is never a democracy that did not commit suicide.
John Adams
democracy is two wolves and a sheep deciding who's for dinner. good thing we have a democratic republic |
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'in the tunnels uptown, the Rats own dream guns him down. the shots echo down them hallways in the night' - the Boss
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RoadKill
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« Reply #6 on: August 18, 2011, 07:35:14 PM » |
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Democracy... while it lasts is more bloody than either aristocracy or monarchy. Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There is never a democracy that did not commit suicide.
John Adams
democracy is two wolves and a sheep deciding who's for dinner. good thing we have a democratic republic you must mean 'we HAD one.....long time ago'  |
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musclehead
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« Reply #7 on: August 18, 2011, 07:49:50 PM » |
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Democracy... while it lasts is more bloody than either aristocracy or monarchy. Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There is never a democracy that did not commit suicide.
John Adams
democracy is two wolves and a sheep deciding who's for dinner. good thing we have a democratic republic Are they still debating this in 8th grade civics classes? I forget. I don't think they debate anytihng in 8th grade anymore, someones feelings might get hurt if they thought they lost |
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« Last Edit: August 19, 2011, 09:00:55 AM by musclehead »
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'in the tunnels uptown, the Rats own dream guns him down. the shots echo down them hallways in the night' - the Boss
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Oss
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Posts: 12684
The lower Hudson Valley
Ossining NY Chapter Rep VRCCDS0141
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« Reply #8 on: August 18, 2011, 08:36:56 PM » |
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so a correction is where you lose all your money, aint so correct from where I sit there was some years when if I put a thousand into the market next month I have 800 according to the statement in the mail So I stop putting it into the retirement account, just leaving it at 2% in the bank in a cd or a treasury and my principal is still safe thank you very much Of course a few months ago I was convinced to put some bucks into certain stocks, which means.............yep another correction  I would be better off buying Valkyrie's like HB, they at least are something you can enjoy and sell at a profit, or profit by never selling them and enjoying them |
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If you don't know where your going any road will take you there
George Harrison
When you come to the fork in the road, take it
Yogi Berra (Don't send it to me C.O.D.)
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Ferris Leets
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« Reply #9 on: August 19, 2011, 04:56:21 AM » |
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I actually expected this back in December and moved a large chunk of my 401K into money market. The next time I look the fund had gone up 20%. Now it is back down below where I sold it and I am about ready to buy it back. If I had left it alone right now I would feel like I lost about $40K. So it has not been bad for me.
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musclehead
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« Reply #10 on: August 19, 2011, 09:05:15 AM » |
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so a correction is where you lose all your money, aint so correct from where I sit there was some years when if I put a thousand into the market next month I have 800 according to the statement in the mail So I stop putting it into the retirement account, just leaving it at 2% in the bank in a cd or a treasury and my principal is still safe thank you very much Of course a few months ago I was convinced to put some bucks into certain stocks, which means.............yep another correction I would be better off buying Valkyrie's like HB, they at least are something you can enjoy and sell at a profit, or profit by never selling them and enjoying them it is a zero sum game, gains and losses can be drastic. the point is brenanke is not going to continue to be the sugar daddy of the markets. |
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'in the tunnels uptown, the Rats own dream guns him down. the shots echo down them hallways in the night' - the Boss
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