Another Fun Day Courtesy of the Mkt... - Page 6

Quicksilver · #51 12-26-2008, 02:42 AM

I'm down at the public library using their computer trying to find
the best place to sell can's bottles and, cardboard.

In the mean time Mr. Madoc is at home sitting back laughing
at his reward for bilking people out of millions.

http://www.newsobserver.com/news/story/1346009.html

Mean while back at the ranch, "fry's trust in VP turns to shock"

http://www.insidebayarea.com/business/ci_11304673

First time I try to lift a loaf of bread I would probably
get 20 years. my brudda MD is getting ripped off
by the money changers and nobody has an answer
to this mess...........

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X5rolls · #52 12-26-2008, 08:06 AM

My answer (so I don't lose my sanity) is patience. I learned a hard but valuable lesson back in late 2000 - I sold too much when the market dropped. Now for the portion I have in equities, I'm just going to ride it out, hope for the best and wait to get out from being underwater.

Good luck to you all as well.

motordavid · #53 12-26-2008, 09:15 AM

No prob on the patience...~68% cash/cash equiv., 32% equities; it's just that those equities have
gotten stopped out, (and gone to cash), and the remaining equities I really like have eroded.

Having lived through several down times, I'm not jumping out the window, but those previous times
were certainly "different" in at least 2 aspects, imo:
-No previous down time was as far reaching, intertwined and deep as this one.
-During those previous soft periods, Veronica and I were making pretty substantial dough, living small,
driving co. cars, exp acct., etc., and packing it away.

Poking & dipping into the Retired Bum/"fixed income" piggy bank during these times is not fun to do or
watch happen.

Meanwhile, there is a near daily report of another convoluted "investment" mess and another crook or two
that gets pinched. And, Joe Shopper is sitting on his thin wallet as well he should. It will be a long arduous
climb out of this hole, I suspect.
GL,mD

X5rolls · #54 12-26-2008, 10:26 AM

I agree, these are (very) different times and that it's going to take longer and be tougher to climb out of this hole.

My guess is 24+ months till we begin to see a few qtrs increasing growth numbers for GDP and at least that long before housing inventories nationally start to shrink making the prices stabilize.

However, by then our dollar will be so devalued we will still have a pretty big set of macro economic issues impacting investors. Big government isn't the answer in my opinion - it's only going waste money and drive the value of the dollar down as borrowing (printing more money) increases.

When is the right time to buy back in on the equity front? Warren Buffett already staked some back in and we have all seen some amazing prices out there.

Quote:

Originally Posted by motordavid

No prob on the patience...~68% cash/cash equiv., 32% equities; it's just that those equities have
gotten stopped out, (and gone to cash), and the remaining equities I really like have eroded.

Having lived through several down times, I'm not jumping out the window, but those previous times
were certainly "different" in at least 2 aspects, imo:
-No previous down time was as far reaching, intertwined and deep as this one.
-During those previous soft periods, Veronica and I were making pretty substantial dough, living small,
driving co. cars, exp acct., etc., and packing it away.

Poking & dipping into the Retired Bum/"fixed income" piggy bank during these times is not fun to do or
watch happen.

Meanwhile, there is a near daily report of another convoluted "investment" mess and another crook or two
that gets pinched. And, Joe Shopper is sitting on his thin wallet as well he should. It will be a long arduous
climb out of this hole, I suspect.
GL,mD

lakai · #55 12-26-2008, 05:48 PM

You guys might want to trying playing with options, forex and futures. Buy and holding equities isn't something you want to be doing come 2009, especially after the last of the Q4 dividends have been payed. Sell them and write it off.

X5rolls · #56 12-26-2008, 09:33 PM

I'm not ready to throw that money away yet - I'm against selling at the bottom or when it's way down unless the company is a true dog. That's a good way to loose your shirt in my opinion. If the company has a good balance sheet (as many do) they should rebound downstream. That's my strategy anyway, could be wrong but I'm sticking to it at this point.

Quote:

Originally Posted by lakai

You guys might want to trying playing with options, forex and futures. Buy and holding equities isn't something you want to be doing come 2009, especially after the last of the Q4 dividends have been payed. Sell them and write it off.

lakai · #57 12-27-2008, 04:47 AM

Which equities do you currently hold may I ask?

motordavid · #58 02-17-2009, 11:02 PM

Well, mattress stuffers...
A nearly 2 month old thread, since the last post, so I assume
everyone is doing just fine.

Maybe the M will feel more
"stimulated" tomorrow, though I doubt it.

Earnings from the fortunate few companies are so-so; the rest just suck.
Liquidity, and buyers of anything, product-wise, are still slim to none and
Slim is on the bus.

Even with a 75% cash/cash equiv situ in the ol' port, it is hard to watch,
vis a vis the mechanization of the geniuses in DC/Wall St.