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#27 2008-10-13 14:37:07
- John Rotten
- Member
- Posts: 1051
Re: How Low will it Go? (Dow touched down to 7882 so far)
I think all the dumb as bricks money has been flushed out of the system now, and there are some fantastic buying opportunities out there. I am actually considering scaling back my exposure to emerging markets to buy more S&P500 exposure.
#28 2008-10-14 20:59:11
- eg
- Member
- From: Burlington, ON
- Posts: 1499
Re: How Low will it Go? (Dow touched down to 7882 so far)
#29 2008-10-14 23:21:52
- The_Shooman
- A pretty face
- From: AUSTRALIA
- Posts: 13191
Re: How Low will it Go? (Dow touched down to 7882 so far)
Fortunately China is holding up o.k, so we (Australia) should be relatively protected from the financial crisis. Tourism will drop off, but mineral/raw material exports for o/s Asian manufacturing will see us get through this o.k. ln the short term, our dollar has suffered horrendously, but once we calm down and get level headed about the financial crisis, the dollar should go back up again. Curse the average invester for panicking so much..CURSE!
The main problem for us is not the financial crisis, it's the drought.
Last edited by The_Shooman (2008-10-14 23:39:03)
#30 2008-10-14 23:25:28
- The_Shooman
- A pretty face
- From: AUSTRALIA
- Posts: 13191
Re: How Low will it Go? (Dow touched down to 7882 so far)
Last edited by The_Shooman (2008-10-14 23:30:04)
#31 2008-10-15 16:49:46
- eg
- Member
- From: Burlington, ON
- Posts: 1499
Re: How Low will it Go? (Dow touched down to 7882 so far)
#33 2008-10-15 17:34:02
- maximus
- Member
- Posts: 265
Re: How Low will it Go? (Dow touched down to 7882 so far)
Everything I own is way down. I take that as a measured risk but I feel information on the markets did not get to me at the rate that it should. I am not happy at all with the forces that may have been responsible for its delay.
I shall commission a suit:
So let it Bespoken
So let it be done!
#35 2008-10-15 17:39:50
- Marc Grayson
- Member
- Posts: 8860
Re: How Low will it Go? (Dow touched down to 7882 so far)
"‘The sense of being perfectly well dressed gives a feeling of inner tranquility which even religion is powerless to bestow." Ralph Waldo Emerson
"Looking good and dressing well is a necessity. Having a purpose in life is not." Oscar Wilde
#36 2008-10-15 17:44:14
- Marc Grayson
- Member
- Posts: 8860
Re: How Low will it Go? (Dow touched down to 7882 so far)
"‘The sense of being perfectly well dressed gives a feeling of inner tranquility which even religion is powerless to bestow." Ralph Waldo Emerson
"Looking good and dressing well is a necessity. Having a purpose in life is not." Oscar Wilde
#37 2008-10-15 17:53:55
- Marc Grayson
- Member
- Posts: 8860
Re: How Low will it Go? (Dow touched down to 7882 so far)
"‘The sense of being perfectly well dressed gives a feeling of inner tranquility which even religion is powerless to bestow." Ralph Waldo Emerson
"Looking good and dressing well is a necessity. Having a purpose in life is not." Oscar Wilde
#38 2008-10-15 18:14:50
- tteplitzmd
- Member
- Posts: 345
Re: How Low will it Go? (Dow touched down to 7882 so far)
Ben's father was the Reagan and American Enterprise Institute economist. Ben, to my knowledge does not have an advanced degree in economics. He has created a nice boutique, recession proof persona: lawyer, economist, speechwriter, bookwriter, actor, commercial actor, talking head, champion of the little man (whilst living the good life in Beverly Hills), and so on. His fondness for the common man seems to coincide only with the recent economic declines. Within the last year or two he began to pitch for share holder rights, but alas, that's sort of irrelevant now.
I think as he approaches late middle age, or early older age status, he is particularly upset with the mutilation of long term savings and investments, which gives him a humility not evidenced in his more frivolous early years. Of course, he did denounce "Voodoo economics" to his class of students in Ferris Beuler's Day Off. Points for prescience.
#39 2008-10-15 18:28:39
- Marc Grayson
- Member
- Posts: 8860
Re: How Low will it Go? (Dow touched down to 7882 so far)
"‘The sense of being perfectly well dressed gives a feeling of inner tranquility which even religion is powerless to bestow." Ralph Waldo Emerson
"Looking good and dressing well is a necessity. Having a purpose in life is not." Oscar Wilde
#40 2008-10-15 18:36:53
- Marc Grayson
- Member
- Posts: 8860
Re: How Low will it Go? (Dow touched down to 7882 so far)
"‘The sense of being perfectly well dressed gives a feeling of inner tranquility which even religion is powerless to bestow." Ralph Waldo Emerson
"Looking good and dressing well is a necessity. Having a purpose in life is not." Oscar Wilde
#41 2008-10-15 18:56:28
- Marc Grayson
- Member
- Posts: 8860
Re: How Low will it Go? (Dow touched down to 7882 so far)
One of the more intelligent and straightforward guides to investing from Stein...
http://www.nytimes.com/2007/10/14/business/yourmoney/14every.html?_r=1&oref=slogin
"‘The sense of being perfectly well dressed gives a feeling of inner tranquility which even religion is powerless to bestow." Ralph Waldo Emerson
"Looking good and dressing well is a necessity. Having a purpose in life is not." Oscar Wilde
#42 2008-10-15 21:51:43
- The_Shooman
- A pretty face
- From: AUSTRALIA
- Posts: 13191
Re: How Low will it Go? (Dow touched down to 7882 so far)
Last edited by The_Shooman (2008-10-15 22:05:47)
#43 2008-10-16 01:03:14
- Taylor McIntyre
- Son of Ivy...
- Posts: 342
Re: How Low will it Go? (Dow touched down to 7882 so far)
On a brighter note one of my brooches has gone up by £150 on its latest valuation.
I owe a lot to The Purse Forum:
http://forum.purseblog.com/jewelry-reference-forum/post-photos-of-your-pins-brooches-here-232135.html
You?
#47 2008-10-16 16:58:15
- eg
- Member
- From: Burlington, ON
- Posts: 1499
Re: How Low will it Go? (Dow touched down to 7882 so far)
Last edited by eg (2008-10-16 17:00:06)
#48 2008-10-16 19:50:15
- The_Shooman
- A pretty face
- From: AUSTRALIA
- Posts: 13191
Re: How Low will it Go? (Dow touched down to 7882 so far)
#49 2008-10-16 20:12:58
- The_Shooman
- A pretty face
- From: AUSTRALIA
- Posts: 13191
Re: How Low will it Go? (Dow touched down to 7882 so far)
Last edited by The_Shooman (2008-10-17 00:39:49)