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NO matter who is in office it doesn't matter. Today's ups and downs in the market are going to be seen as a correction in a matter of weeks.
By the time the elections come around in November this too will be seen as nothing more than the day the world economy came closer into line with each other.
Those of you running around screaming, " The sky is falling, the sky is falling" are going to feel silly. Anyone who did not move their funds into cash for the last week is a moron.
Here's what you can look forward to in the months to come...
1. A bale out plan for those Americans who were too stupid to pull out in the last week amongst a million little hints.
2. A plan to shelter 401K's and other retirement instruments in the near future (look for any of the candidates to propose this cuz remember, it's pandering time)
3. A much larger stimulus package from the Fed's. This is their way of telling you that you are too stupid to be held accountable for investing in the bulls*** you invested in.
4. Average American and other people with a brain in their head to re-invest even more heavily to capitalize on the fire sale going on in the market by Friday, Tuesday at the latest..
But what would I know; I'm just an Average American.
PS: Buy stuff that posts an actual profit and produces something of value...
In the future this day will be referred to as a correction...
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Posted By: Average American Posted on: Jan. 22, 2008 at 7:16 PM  8 Comments
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Jan. 22, 2008 at 08:15:30 PM
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| I love it when AA starts prognosticating, because he has been so right on so many other things before.
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Jan. 22, 2008 at 11:24:40 PM
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| You are the only person on this site that has a clue Mr. American |
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Jan. 23, 2008 at 04:31:55 PM
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[This is a reply to comment by know it All on Jan. 22, 2008 at 11:24:40 PM]
know it All
Jan. 22, 2008 at 11:24:40 PM You are the only person on this site that has a clue Mr.... View this Comment Thank you. History, even when known and understood, can repeat itself in beneficial ways as well. I just think many are so rooted in failure, doom and gloom, and hatred for all things positive that any ripple in the pond is reported as a tsunami by interpretation from their already skewed point of view. |
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Jan. 23, 2008 at 05:26:34 PM
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| PS: Buy stuff that posts an actual profit and produces something of value... Like that amazing company Enron! They had a wonderful record of posting profits, and selling energy. |
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Jan. 23, 2008 at 05:56:52 PM
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[This is a reply to comment by Phaedrus on Jan. 23, 2008 at 05:26:34 PM]
Phaedrus
Jan. 23, 2008 at 05:26:34 PM PS: Buy stuff that posts an actual profit and produces something of value... Like that amazing company Enron! They had a wonderful record of posting profits, and selling... View this Comment Energy isn't something that you can touch, smell and taste. |
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Jan. 23, 2008 at 11:11:33 PM
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[This is a reply to comment by know it All on Jan. 22, 2008 at 11:24:40 PM]
know it All
Jan. 22, 2008 at 11:24:40 PM You are the only person on this site that has a clue Mr.... View this Comment Know it All: to coin a phrase, "Bulls***!" |
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Jan. 23, 2008 at 11:18:39 PM
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[This is a reply to comment by Average American on Jan. 23, 2008 at 05:56:52 PM]
Average American
Jan. 23, 2008 at 05:56:52 PM Energy isn't something that you can touch, smell and... View this Comment Double A, where did that observation come from? Didjya ever get across speaker terminals on a high powered PA system? You can touch that energy, smell the burning flesh and taste the ozone. How about walking in front of a military radar dish when it is transmitting? RF burns are particularly nasty because they use your bone structure as wave guide - the burns are tunnel burns (for example from your finger tip to the end of your dick) and they take forever to heal. Now that energy reaches out and touches you, and it is said that you can smell and taste it. And how about a carbon arc search light?
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"Anyone who did not move their funds into cash for the last week is a moron." Right you are Double A, so long as that move was into Euros. Or Yaun. Or Yen. Or Pounds. Or 'Loonies.' Or Pesos. Anything but the 'Bu$hite Greenback'.
But last week was the proverbial 'day late and a dollar short'. At this point if you have ridden the economy (funds = stock market I assume) down you are losing your ASS. Profit or loss is not realized until the stock is sold. Anyone that jumps ship once they realize they have ridden the roller coaster down a steepening slope is in for a sad surprise.
“By the time the elections come around in November this too will be seen as nothing more than the day the world economy [economies (sic)] came closer into line with each other.”
The strategy once you find yourself a long way down the slope is to hang on and enjoy the ride, and look for bargains.
"4. Average American and other people with a brain in their head to re-invest even more heavily to capitalize on the fire sale going on in the market by Friday, Tuesday at the latest.."
Careful Double A. You kind of seem to under stand the elements of the ride, but not the timing. Remember, timing is everything in standup comedy, hand grenades and moving your funds in and out of the stock market.
Buy high and sell low my friend.
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