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View Poll Results: Are we going into a depression/recession? | |
No, it is the government's way of tightening its purse
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Absolutely, the figures do not lie
|    | 16 | 76.19% | |
I think it's more hype than truth
|    | 2 | 9.52% | |
It's time to unlevel the playing field and make the gap wider between the have-s & have-nots
|    | 2 | 9.52% |
 | | Are we headed for a Recession
01-07-2008, 11:13 AM
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#1 | | Administrator
Join Date: May 2006 Location: Okinawa
Posts: 7,217
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What do you think? With all of the talk about subprime foreclosures, credit debt, businesses folding...are we going into a depression? Recession dead ahead? - MSN Money
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01-07-2008, 11:52 AM
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#2 | | HONORED GUEST
Join Date: Jun 2006 Location: West-By-God-Virginia
Posts: 6,873
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Damn, RB! You're just a ray of sunshine today...
__________________ Let's Go Mountaineers!! Let's Go Drink Some Beers!! If something seems too good to be true, it is best to shoot it just in case... Nothing I post on this forum should be construed as legal advice. | |
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01-07-2008, 12:10 PM
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#3 | | Administrator
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Posts: 7,217
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Well it is raining and dark in my neck of the woods, other than that I am fine. I think!
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"Be surprised at what people won't do and not at what they do."
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01-07-2008, 12:21 PM
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#4 | | Administrator
Join Date: Nov 2004 Location: Greater DC area
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As I've said before, the media cannot tell you that we're in a recession. It has a very specific meaning in economics, relating to economic indicators being down over a certain percentage for more than two consecutive quarters.
Right now, most of the economic indicators are still up. So regardless of the hype out there, we are NOT in a recession.
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The answer is 42!!
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01-07-2008, 12:34 PM
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#5 | | HONORED GUEST
Join Date: Jul 2006 Location: Austin-area
Posts: 3,135
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There will be a separating of the wheat from the chaff, but that is expected considering how few people bother to read legally binding agreements when they are blinded by their own personal greed.
Does that equal to a nationwide recession? Not necessarily. With some careful financial planning, the have-nots could become the haves.
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I am not *your* attorney and you are not *my* client. Nothing in this post shall be construed as establishing an attorney-client relationship.
Would you rather us tell you what WILL happen or would you rather have rah-rah bull-droppings from someplace else?
Hint to the prospective pro se litigant that believes they can run up expenses with impunity or disregard direction from the Court: You CAN be sanctioned. Just ask Craig Cunningham or read the Order... | |
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01-07-2008, 12:41 PM
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#6 | | HONORED GUEST
Join Date: Jun 2006 Location: West-By-God-Virginia
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Originally Posted by centex  With some careful financial planning, the have-nots could become the haves. | Such as knowing when to fold?
__________________ Let's Go Mountaineers!! Let's Go Drink Some Beers!! If something seems too good to be true, it is best to shoot it just in case... Nothing I post on this forum should be construed as legal advice. | |
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01-07-2008, 06:35 PM
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#7 | | Elite Member
Join Date: Sep 2006
Posts: 1,166
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Most major markets are dramatically overbought and poised to come down another 20% or so.
That is not a bad thing.
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01-07-2008, 10:12 PM
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#8 | | Elite Member
Join Date: Sep 2006
Posts: 571
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Nope. We've been here before people, but everyone seems to have memory loss each time it happens.
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01-07-2008, 10:13 PM
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#9 | | Elite Member
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I should add, barring any unexpected catastrophic events.
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01-08-2008, 07:35 PM
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#10 | | The One and Only!
Join Date: May 2006
Posts: 4,059
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Things are looking a little grim, I have been buying Gold, hopefully can sell it before it goes down lol
I was able to snatch some of the 2007 buffalo gold pieces. The stock market is messed up, I took a beating on apple today  Hoping that they do good on the show next week. I was kind of looking as long term investment, but cannot afford to keep if it continues to go down as it did today.
So my opinion is that we could be headed for recession, hoping that the Fed steps in before all hell breaks loose.
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01-08-2008, 08:24 PM
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#11 | | Administrator
Join Date: Nov 2004 Location: Greater DC area
Posts: 7,798
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You shouldn't try to do market timing. It almost never works. Buy and hold is the best strategy.
Right now I'm buying the hell out of good quality stocks. It's like buying at a sale.
Why do people want to get out when the market goes down and get in when it goes up? That's like going to the store, saying "oh, it's half price. Let me sell the one I bought at full price now for half price. But I'll wait until you put the price up to buy again."
If you're going to build wealth, buy Apple (or whatever you want) and hold it.
By the way, if you didn't sell it, you didn't lose anything.
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The answer is 42!!
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01-08-2008, 09:30 PM
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#12 | | The One and Only!
Join Date: May 2006
Posts: 4,059
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Originally Posted by Hedwig You shouldn't try to do market timing. It almost never works. Buy and hold is the best strategy.
Right now I'm buying the hell out of good quality stocks. It's like buying at a sale.
Why do people want to get out when the market goes down and get in when it goes up? That's like going to the store, saying "oh, it's half price. Let me sell the one I bought at full price now for half price. But I'll wait until you put the price up to buy again."
If you're going to build wealth, buy Apple (or whatever you want) and hold it.
By the way, if you didn't sell it, you didn't lose anything. | I did not sell it, I was thinking about giving it one year, it still hurts to see the paper loss | |
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01-08-2008, 09:39 PM
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#13 | | Administrator
Join Date: Nov 2004 Location: Greater DC area
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Yea, but I took a $20K loss on paper not long ago.
Within six weeks I was back up $25K.
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01-08-2008, 09:59 PM
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#14 | | Elite Member
Join Date: Nov 2004 Location: The Republic of Texas
Posts: 2,928
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No recession for now. But, the media will keep trying to get us into one.
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01-08-2008, 10:12 PM
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#15 | | Administrator
Join Date: Nov 2004 Location: Greater DC area
Posts: 7,798
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Exactly. That's the problem when people get all their news from the internet and TV cable news sources.
Economic news should come from reputable economic sources, not from some media mogul. When the economic and business sources start talking about recession, I might give it some consideration.
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The answer is 42!!
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01-09-2008, 08:33 AM
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#16 | | Elite Member
Join Date: Sep 2006
Posts: 1,166
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Originally Posted by Hedwig You shouldn't try to do market timing. It almost never works. Buy and hold is the best strategy.
Right now I'm buying the hell out of good quality stocks. It's like buying at a sale. | That is exactly wrong and financial suicide....especially in the current environment.
There is no need to even try to market time. Just sell if it goes below the 50 day or 200 day moving average....easy.
If one had "bought and held" when the Nasdaq was at 5000.....it will take most of their lifetime to get back to break even.
Qtip AAPL could go back down to $70 over the next year or two. PM me if you want me to tell you why.
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01-09-2008, 11:16 PM
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#17 | | The One and Only!
Join Date: May 2006
Posts: 4,059
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Originally Posted by spinn That is exactly wrong and financial suicide....especially in the current environment.
There is no need to even try to market time. Just sell if it goes below the 50 day or 200 day moving average....easy.
If one had "bought and held" when the Nasdaq was at 5000.....it will take most of their lifetime to get back to break even.
Qtip AAPL could go back down to $70 over the next year or two. PM me if you want me to tell you why. | I sold apple today and lost on a 6 dollar run Why could apple go down so low?
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01-09-2008, 11:58 PM
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#18 | | Administrator
Join Date: May 2006 Location: Okinawa
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Let's get some stock talk going on, so I can learn a bit more.
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01-10-2008, 07:15 AM
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#19 | | HONORED GUEST
Join Date: Jun 2006 Location: West-By-God-Virginia
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Originally Posted by roybean Let's get some stock talk going on, so I can learn a bit more. | Bought feeder calves last year and plan to sell next year for a marginal profit.
__________________ Let's Go Mountaineers!! Let's Go Drink Some Beers!! If something seems too good to be true, it is best to shoot it just in case... Nothing I post on this forum should be construed as legal advice. | |
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01-10-2008, 08:30 AM
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#20 | | Elite Member
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Posts: 1,166
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Originally Posted by roybean Let's get some stock talk going on, so I can learn a bit more. | Stocks are an extremely inefficient investment and a lot riskier than people realize, especially given the current environment.
The market is still dramatically overbought and while I am not saying it will, it is very likely to go down considerably.
Why people dont trade markets themselves in the form of ETFs or financial futures contracts is completely beyond me....oh yeah...forgot, brokers make almost no commission on those.
There is a way to trade with only about a 2% risk no matter what happens but you need about $100k to do that.
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01-10-2008, 09:05 AM
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#21 | | Administrator
Join Date: May 2006 Location: Okinawa
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Originally Posted by hannah Bought feeder calves last year and plan to sell next year for a marginal profit. | Feeder calves??? And what is a marginal profit, pray tell?
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01-10-2008, 09:16 AM
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#22 | | HONORED GUEST
Join Date: Jun 2006 Location: West-By-God-Virginia
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Originally Posted by roybean Feeder calves??? And what is a marginal profit, pray tell? | You said you wanted more stock talk. And marginal profit is the sale price per pound I will get after feeding them for two years over what I paid for them. I will, of course, slaughter one for the freezer.
__________________ Let's Go Mountaineers!! Let's Go Drink Some Beers!! If something seems too good to be true, it is best to shoot it just in case... Nothing I post on this forum should be construed as legal advice. | |
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01-10-2008, 10:46 AM
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#23 | | HONORED GUEST
Join Date: Jul 2006 Location: Austin-area
Posts: 3,135
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Originally Posted by hannah You said you wanted more stock talk. | and it doesn't get any more 'stock' than livestock...unless of course we were talking about music or racing, in which case it is still stock, but of a different nature 
__________________
I am not *your* attorney and you are not *my* client. Nothing in this post shall be construed as establishing an attorney-client relationship.
Would you rather us tell you what WILL happen or would you rather have rah-rah bull-droppings from someplace else?
Hint to the prospective pro se litigant that believes they can run up expenses with impunity or disregard direction from the Court: You CAN be sanctioned. Just ask Craig Cunningham or read the Order... | |
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01-10-2008, 01:21 PM
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#24 | | Administrator
Join Date: May 2006 Location: Okinawa
Posts: 7,217
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__________________
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01-10-2008, 02:22 PM
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#25 | | Administrator
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All of the financial institutions that gave sub-prime mortgages will have problems. Most of them will survive. The ones that don't didn't have a good business plan and didn't keep track of what was going on with the economy.
That's been my whole point. Especially if you're in business, you need to be aware of more than what you are doing.
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The answer is 42!!
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