You can get a live-in Japanese masseuse? hmmm...
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You can get a live-in Japanese masseuse? hmmm...
just the copper in Ice's house would buy and keep a thouroughbred.
Quote:
Originally Posted by lemon boy
hmmm.....let's wait til his next Utah trip and strip the sucker.
I dunno, seems like strippers are getting awfully expensive here:
http://i29.photobucket.com/albums/c2...f?t=1179336184
how about Puerto Rico?
That's what his portfolio is for, and ergo the worried tone in his posts.... :DQuote:
Originally Posted by Benny Profane
hmmm .. so much talk about strippers.. what say you maggots about the gold prices?
gold? you mean, like the metal?
nah. Platinum is where it's at baby, that stuff is PIMP! All future gifts of bling to me must be in platinum from now on. Or maybe that weird gray/silver stuff that looks all metallic? Hematite? That stuff is pretty cool too.
It wont tank until Mon.
The market will not crash, yet, more than likely there will be a correction of 5-10% over a few week period like last year, probably june or july. then the market will cruise back and have a decent but probably not spectacular year. corp balance sheets are very good. earning has outpaced stock appreciation. trailing pe ratios are better on us stocks than they were at the bottom of the mkt 5 years ago. there's ton's of liquidity out there. lots of stock buy backs. global economy is humming, outsourcing is keeping inflation in check. yes our economy is slowing but it looks like jobs mkt is still very strong which will support the consumer. if the feds do lower rates there's your catalyst. us lg caps, large european co's and select emerging will lead. timing the mkt is a fools game.
You can totally tell what cletus has been shoppin for :tongue: :tongue: :tongue:Quote:
Originally Posted by Yossarian
Annnnnnndddddddd, YAHTZEE!
Here we are, July 26th. DJIA from 14,000 to 13,500 in the last few days.
Crash? No. Correction? Who knows. Below 13K? No, I was wrong about that.
But drop? Yup, 500 points, sure enuff.
Here's a snippet from an article I read...
Quote:
TO MANY investors, hedge funds are impenetrable "black boxes", moving in mysterious ways and holding indecipherable positions. This week, however, investors in two troubled Bear Stearns hedge funds were given a peek under the lid. What they were shown was black indeed.
Both funds had invested heavily in securities backed by subprime mortgages. Suffering steep losses in May and June, one was saved only by a $1.6 billion loan from its parent company last month. A Bear Stearns team has been "working diligently" ever since to tot up the losses. On July 17th it admitted that there "is effectively no value left" in one of the funds, and "very little value left" in the other.
it's going to bounce then continue down 10%, then rally again. call it a correction, unless the market closes down 500+ today... then then we will hit 10% really quick. worse case is 15% 11,900Quote:
Originally Posted by Yossarian
Until 2 weeks ago, the Russell 2000 was up 8.7% YTD.
It now sits at 1.1%.
And Apple certainly crushed expectations. Next quarter will be even higher when you factor in $300MM in sales from the iphone and $100MM in kickbacks from AT&T ($150-200 + $9 per month for 24 months * 150k new subscribers).
This is awesome!
A girl who's good with numbers Grrrrrr!Quote:
Originally Posted by BeanDip4All
I'd let you play with my digits.
At least the market is still up since this thread started.
Chance had it that I actually sold some of my holdings yesterday :biggrin:
Hope you bought them back todayQuote:
Originally Posted by runethechamp
are you seriously calling this the bottom? if so, why?Quote:
Originally Posted by CUBUCK
I hope you were positioned!Quote:
Originally Posted by Cono Este
There has been black box systems since the Black-Scholes formula was developed. Portfolio insurance in the 80's. Long Term Capital in the 90's was aQuote:
Originally Posted by skier666
Black-Scholes investment house. Sub-Prime reminds me of the junk bond scandel aka Michael Milken.
I'd buy Japan right here looking for a double.
Interest rates are headed lower again which will stabilize housing soon.
My stock portfolio was up 2% today. Why all the worry?
but loan companies are tightening eligiblity requirements, and the easy money buy and flip mindset isn't as common as it used to be. i think '08 will be worse than this year for national housing, maybe a bottom in '09.Quote:
Originally Posted by 4matic
Don Hays of respected institutional service Hays Advisory is a long-time superbull who has gotten over his periodic short-term hesitations, last seen earlier in the summer. See June 18 column
On the face of it, Hays is now as bullish as ever. Earliest this week, his e-service proclaimed "Welcome to the Last Half of this Bull Market." He noted, "The very spirited entrance of this bull market into the last half of its move, that will produce accelerating gains in these next 18-20 months."
For the first time that I recall, however, Hays has begun to suggest that the bull won't be around forever. It appears as throwaway lines "Nobody today is looking at March or April 2009, when our guesstimate is that this bullish stock market might be ready for a meaningful correction (i.e. cyclical bear market.)"
Meanwhile, an issue under the byline of Keith, Hays' son, succinctly summarizes the Hays Grand Strategy. Inflation, in Hays' view, is currently held down by five factors:
* "1. Demographics: An aging world implies lower interest rates and deflationary risks rather than inflation. You have to look no further than Japan as evidence.
* 2. Fed Obsessed with Inflation: Lived through previous inflation era and is obsessed with it.
* 3. Technology and the Internet: Internet alone has drastically reduced the cost of information, lowering the cost and improving the productivity of business decisions (Example: airline ticket low price search vs. 10 years ago).
* 4. Fiscal Policy Competition: U.S. pricing must compete with pricing of every free trade country & vice versa, keeping prices low.
* 5. Free Trade and Globalization (Glut of Labor): Labor makes up 65-70% of the final cost of goods and services. With a global glut of labor, workers lose their pricing power, putting another lid on inflation."
Or, in another Hays summary:
"The Technology Revolution
produces
A Massive New Flat World
which ignites
A Spread of Democracy
which unleashes
A Huge Sponge of New Consumption,
which launches
The Greatest Economic Boom in the History of the World
which results in
Huge Stock Market Potential"
I don't immediately see why this happy situation would end as early as 2009.
But, meanwhile, here's Hays' recommended asset allocation:
* Long-term growth: 100% in stocks.
* Moderate growth: 85% in stocks, 15% in bonds.
* Conservative growth: 65% in stocks, 35% in bonds
End of Story
http://www.marketwatch.com/news/stor...774BB17054A%7D
a "huge sponge of new consumption" doesn't automatically imply low inflation. in fact the more demand for the physical commodities and energy required to produce products for hays's sponge to soak up, the higher the cost of those commodities and energy. hence inflation in the metal, food, fiber and energy markets.Quote:
Originally Posted by 4matic