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Random Quote: If you're young and foolish, you're young and foolish. If old and foolish you haven't learned a thing.
I do not know what it means but last Thursday I was at the WalMart in Sylva NC and was told that they were cutting lawn and garden orders by over half. Additionally all depts were reducing inventory. I mentioned this to a friend in SC who said that Target and K-Mart were doing similar things.
I am worried that the commercial Real Estate bubble/derivatives monster is about to rear it's ugly head.
We are as far out of stocks as we can get and will stay so for a while.
alright you doom and gloomers!!! Man oh man for gents with what i would assume to be deep pockets as we are all in boating, many of you dont seem to have a grip on the markets, or the multiplier and leverage we are experiencing. This is the next wave of millionaires in the making....
Tbrodes if you want to enlighten me with your expert knowledge about how these times will make millionaires, please do so. I am always eager to learn. You sound very up-beat about things when everyone else is calling for the sky to cave in! Please do tell! p.s. - I'm not kidding! Please do tell!
Haven't you heard that Obama is going to virtually close the ocean to fishing? And now he's going after the Great Lakes too. Boats will be worthless. Get ready to buy RGR and SWHC. They will move 30-50% again on the next stock market dive. The whole market smells funny right now with the Bearded One trying to drive money into Treasuries.
Quote:
Originally Posted by Bayside Bert28
Pull your money out ... and buy a used boat!
It will probably be a better investment than stock or the US dollar the way things are going.
At least you will not be sitting there saying ... crud ... where did my money go? You will know where it went!
Tbrodes may have the right thinking. Bulls have always been led by the small & mid-caps, then the rest. That has happened at this point.
Then there are the other troubling issues mentioned above. I'm in but very concerned. This country is not the powerhouse we were where we were mostly insulated from the problems of other countrys and nut leaders.
But mostly, it is our goverment's actions that scare me. Some gold needs to be in your safe.
Speaking of Bull...lets face it it was our last several administrations that empowered Wall Street bankers, and the financial and insurance industries with deregulation. Bush fought 2 war and lowered taxes, and increased the size of the Fed Government more than any Pres since Johnson. And not just corporate welfare - the Medicare D was either totally political or intended to bankrupt medicare and possibly social security also. Fiscal Irresponsibility and globalization is the mantra of both "parties". And needless to say we have all been seduced by everything military so the defense industries are gold probably as long as our perpetual love affair with war as a foreign policy remains. Our reformer radical in Chief Obama has basically changed absolutely nothing so far. the only bottom up or trickle up program (cash for clunkers) and perhaps the only one that actually worked is being ridiculed as much as welfare for wall Street. can we be surprised they gave themselves bonuses - they did the right thing they made billions (via bailouts even after incurring record losses and putting the country on the brink of depression. the current healthcare bill and the do nothing alternative are both a boom to the industry. Our rates are up 20 to 50% this year already. So if you haven't already go for these favored industries and as bamaboy says use stop loss orders. Bet on the oligarchy and war industries.
I am totally not any MORE scared of the current government - its exactly the same old same old. Hell we are still kissing Israels a$$ while they insult the US by announcing they are building yet more settlements in the occupied lands. Look, Iran was the only country in the region to have spontaneous demonstrations in the streets - pro US after 911. They were already (their an dour Swedish ambassadors to work together to get Ben Laden when Bush nade the axil of evil statement and included Iran. the people love Americans, western technology and culture - we have to find some way to exploit that. N. Korean is waving more proven missals much closer to us but somehow Iran is our next pre-emptive target. But I digress greatly - so the end result is anyway - be aware of the real special interests Follow the money, make the money!!!!!!!
Gold and silver yes as a safe haven - not as an investment now - record highs - only buy bullion in small denominations if you don't have any now. I can't imagine any THTr without already a storeroom of guns and ammo....
Just my 2 cents - well this and my last post in this thread - think for yourself don't let the Messiahs and groupies the fear and hate mongers and tea party and pea party and cable news and internet shblogs and the "true believers*" juice you up and suck you in.
*The True Believer - thoughts on the nature of mass movements Eric Hoffer -original Harper and Row - 1951. required reading (a day max) for anyone who thinks for themselves and thinks they are a conservative
Well, OK, my 4 cents
__________________ 1st Cav Div Air Assault Infantry RVN
-Can Do........ and .......Carry On -
Disclaimer: If you see emoticons, that means the above is written in jest. It is for entertainment purposes only. It is not meant to represent any actual persons, places, or things. It is the opinion of the poster that it is funny. Your opinion may vary. No animals were harmed in the typing of this post but a few egos may have been bruised.
4 cents, that has to be a nickles worth now a days. Hehe. Good post. To summarize, the US is fugged up. Hold your hats boys, here comes the wind. Hehe.
and yet again my portfolio is rocking and rolling today and loookkeyyy there, the sky didnt fall. Look for companies there will derive 70%+ of their revenues from asia, have HUGE operating leverage and can navigate the debt markets (a few come to mind) 2Q '10 start looking around at some of the home builders (im in the industry myself and am seeing some signs...) then take a look at some of the major distribution companies....want to get clever, start looking into Nat gas and thorium....
I condsider myself to have pretty conservative views.
Glenn Beck is an idiot fearmonger, who only cares about ratings. Every now and then he gets lucky and says something that turns out to be true, or uncovers an actual interesting story.
All the ideolouges and "Doom and Gloomers" who have sat the market out since the last election have missed out on one of the best rallies of the last 100 years. But by all means, take Becks advice. You can clean my pool when I retire.
I really wish I got in the stock market last summer. I'm 21 and had a couple thousand in my savings account that I wanted to do something with. I looked at the typical blue chip stocks and wanted to play with penny stocks to get started and get the hang of the stock market. Well I chickened out. It was I think October when apple was $190.00 and I thought about buying into it but was scared cause it would of taken almost all of my money to get in. Well I was wrong look at it now. What do you guys recommend for someone trying to get into the market? I was about to pull the trigger and go with E*trade but didn't.
If you remember a year ago I said that I thought Ford was the only stock I liked. It is up pretty well since then. I do not like any stocks right now.
I will sit on the sidelines while you all become millionaires and cheer for you.
well LVS has been rallying like mad since last april when I bought it albeit the last few months have been quiet. Last 2 weeks have been a money train and the calls the son bought just payed for his semester tuition
I'm telling you boys, look for American companies deriving revenues from asia. As for ford...DAMN i wish I didnt get out at 9.75.....tho you cant beat 100%...well actually you can...CONGRATS!!!
1st Cav Div Air Assault Infantry RVN
