It's too late now to sell all your stocks and mutual funds. If you did that long ago, great. Too late now. Now it's time to stay where you are. How the hell low do you expect it to go? Can't get much worse. Don't you hear the conductor about to yell All Aboard! Cause this train is heading back to its original station, and Dow Jones is going back where it was. Sell now, get scared by all the fags who pee their pants, and you'll miss the recovery.
Great Depression my ass.
In 1929 the investors were playing bullshit games with margins, sort of like stock options, leveraging, losing their shirts. It's not that same game now. Now you own some real stock, some real mutual funds, and they're worth something. Ride them back up. You rode them down, now ride them back up. Nothing's going on. It may take a few years, but not much more. New records will be set.
Anyway you don't have any choice. Social security isn't going to support your ass when it's old and gray. Your only shot is a good pension (does your job offer that? no? I didn't think so) and your fuckin 401k. That's it, binky. Your fuckin 401k, your IRA, that's what you live on when you're old. And what is that invested in? Fuckin mutual funds. Hey, it's your only choice. It has to come back. Prices were overinflated, a correction occurred, and now just wait it out, binky.
lfbno7 posted on Oct 25, 2008
| views: 93
Comments
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CayenneMan said on Oct 25, 2008....
Hello lfbno7 I've been playing this game for along time. It's not a nickel and dime thing to me. I pulled out because of the " money drip " I had no choice. I agree with you for a bit but this is big . . . unexplored ground. This is a big freak'n mess that is affecting the whole world. The healing process is just a tad bit off from what you're eyes see . . . it's not your fault it's just out of the norm. We are on shakey ground . . . very unpredictable . . . possibly the threat of another war will be the fix ? Who knows ! Between you and I as soon as I feel the housing market has reached rock bottom . . . . nothing to do with what I see on the stock market . . . I'll spring up and jump back in and make my kill. I'm not greedy but I like to win :0) P.S. The Phillies win the title this year . . . I mentioned it early but I guess nobody believed me . -
lfbno7 said on Oct 25, 2008....
From what I hear the Phillies are a big underdog. Haven't checked the odds, but just listening to the baseball fans I know. Something about the American League, and the A.L. East specifically, which is believed to have the two best teams in baseball in it, the Rays and Red Sox.
Phillie fans have so little to cheer about. The team has been around since the 1890s and have only won 1 world championship in so many years. That's pretty pathetic. I don't know why one team would be so bad. For that alone, I kind of hope they win this year, and also because they are one of the 16 traditional teams that go all the way back to the beginning of the last century. But being a Yankee fan, I find myself rooting for American League teams sometimes, if they aren't the Red Sox. The Rays got struck by lightning this year, hit the lottery, with all that young talent. As the players get older, they'll be picked off by the Yankees and Mets and other big spenders.
I would rather go to Philly than to NYC to watch a game in person. Better parking, better trip, better hotel. At least when they played at the Vet. I saw a few games there. I saw the great Hideki Irabu get his ass beat by the Phillies in the Mickey Morandini years. I really like Reading Terminal Market and Philly's Chinatown.
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