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Started By
Message
Good or bad time to buy stock for 20-30 year horizon?
Posted on 3/3/09 at 7:01 pm
Posted on 3/3/09 at 7:01 pm
yes or no and explain
thank you
thank you
This post was edited on 3/3/09 at 7:14 pm
Posted on 3/3/09 at 7:11 pm to BurnKDoeBurn
Yeah, I gazed into my crystal ball and...noticed it had a big crack. Before it cracked it was giving great advice on stocks. I was devestated! It is in the Crystal Ball Repair and Overhaul Service Shop and as soon as it is returned I will get back to you.
Posted on 3/3/09 at 7:14 pm to Rivers
I heard the crystal ball repair shops were booming during this down economy.
Posted on 3/3/09 at 7:15 pm to BurnKDoeBurn
Oh great and mighty poombahs of the Money Boad, Spidey and I throw ourselves upon your infinite mercy and wisdom to resolve a dispute that we begun in the treacherous land of Poli Talk.
Posted on 3/3/09 at 7:16 pm to BurnKDoeBurn
Yeah, they are busy. I have applied for a Crystal Ball Repair franchise but the head office is in Greater Downtown Transylvania so it may be a while till I hear from them.
Posted on 3/3/09 at 7:23 pm to Cold Cous Cous
quote:
Oh great and mighty poombahs of the Money Boad, Spidey and I throw ourselves upon your infinite mercy and wisdom to resolve a dispute that we begun in the treacherous land of Poli Talk.
Burn is Spidey's latest?
Posted on 3/3/09 at 7:25 pm to ForeLSU
That's what someone told me.
I've always figured there are only two posters on this website: me, and SpidermanTuba running 1,500 alter accounts.
I've always figured there are only two posters on this website: me, and SpidermanTuba running 1,500 alter accounts.
Posted on 3/3/09 at 7:25 pm to BurnKDoeBurn
I have heard that it's always a good time to buy FWIW.
Posted on 3/3/09 at 7:37 pm to Colonel Hapablap
quote:
and SpidermanTuba running 1,500 alter accounts.
trivia question...Tuba is actually an alter, what was his first id?
Posted on 3/3/09 at 7:41 pm to Colonel Hapablap
I feel like I should know this.
Posted on 3/3/09 at 7:43 pm to Cold Cous Cous
I distinctly remember giving him shite when he came back to the OT as SpidermanTUba, because it was an obvious alter. But I cannot for the life of me remember what the first name was.
Posted on 3/3/09 at 7:56 pm to Colonel Hapablap
quote:
because it was an obvious alter. But I cannot for the life of me remember what the first name was.
USCStillSucks...
I remember after he joined checking the Poli Board in the morning to find that, not only had he responded to every thread on the front page of the board, but every individual post in every thread. I think his first ban was within 2 weeks...
Posted on 3/3/09 at 8:00 pm to ForeLSU
Dammit I should've gotten that!
Man, I remember those days well. He apparently had some job at an observatory where he worked the midnight shift. While the rest of us were asleep he was arguing - passionately - with each and every poster on each and every subject. I thought that it was so weird that he would make all these posts even though he knew no one would be responding.
quote:
I remember after he joined checking the Poli Board in the morning to find that, not only had he responded to every thread on the front page of the board, but every individual post in every thread.
Man, I remember those days well. He apparently had some job at an observatory where he worked the midnight shift. While the rest of us were asleep he was arguing - passionately - with each and every poster on each and every subject. I thought that it was so weird that he would make all these posts even though he knew no one would be responding.
Posted on 3/3/09 at 8:11 pm to Cold Cous Cous
FWIW the best crystal balls cannot be had anymore, Waterford went bk late last year. Just sayin, you might want to make sure yours isn't a knock off.
Posted on 3/3/09 at 10:11 pm to Colonel Hapablap
This post was edited on 3/3/09 at 10:50 pm
Posted on 3/3/09 at 10:33 pm to BurnKDoeBurn
If you voted for Obama, then put your money in the market based on how much confidence you have in him.
If you think Obama, Pelosi, Harry Reid, Barney Frank, and Chris Dodd, will develop gov't policies that will be good for the economy and business, then go "all-in". IF you think their policies will be harmful to the economy, then wait until they are booted out of office before investing in the market.
1) The $787B stimulus will not help the economy, and will hurt GDP in the long run.
2) The Cap and tax policy will cause electricity rates to increase up to 40%. That will destroy many businesses, and cause people to spend less because now they will be trying to pay their mortgage and electric bill.
3)Preventing people making over $250k per year from deducting interest on their mortgage will hurt housing and real estate valuse more than it's already been hurt.
4) Preventing the "rich" from deducting their charitable contributions will reduce income chrities recieve which will cause charities to spend less money which will reduce stimulation in the economy.
Who knows what's coming next, and that's why the market keeps going down. There's no reason to own stocks in this environment with these type of policies coming out of the White House and Congress. I could be wrong.
If you think I'm wrong, then by all means invest in the market.
At this point if you're not in the market, then you may want to wait, but if you're in the market you might not want to get out. My portfolio is 80% cash. It's been like that since October 2007, and I have not bought one stock since then. There has not been a good time to get back in. Things could go up in the short-term, but I haven't seen any reason for that. If things go up I expect things to go back down once these taxes are implemented. Tax increases always slow down the economy. Minimum wage increases often cause a recession too. In 2007 and 2008 the minimum wage increased. In 2009 we're gonna have a major tax increase.
Posted on 3/3/09 at 10:43 pm to Zilla
Since you're a money board junkie, I'll forward it.
Posted on 3/3/09 at 10:49 pm to Colonel Hapablap
it felt shameful to ask in the OT thread
Posted on 3/4/09 at 8:26 am to BurnKDoeBurn
Now is a better time to buy than yesterday (last month, last 6 months, etc.) but probably not as good as tomorrow (next month, 6 months from now, etc.)
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