DOW setting up to have a...

omg you really are an idiot

blaah wrote:

omg you really are an idiot

And this is news to you?

Elite Hobby Jogger wrote:

We are very close to seeing a correction, I think. Hopefully it will be a shallow and brief dip.

This could be it....down 77 early today.

Increase your debt if you are going to use the money to get higher returns than your interest payments. Buy a business or investment property. My uncle is retired and fairly well off because he mortgaged his house several times to start different ventures. Some ended poorly, some well, the last one very well. Now he travels more than half the year.

Being an employee and hoping the 15% you put away will be enough for retirement is a one way but it's not the only way. Also, I would not be 100% invested in the market right now.

Flagpole I extremely disapointed that you would tell people to sell stocks.

Do you not believe in the job Obama is doing? He is fixing the country and the economy. That is good for stocks. You should be buying.

I might be stupid, but for some reason I take Flagpole's stock advice seriously. (I just can't tell anyone that an anonymous letsrun poster named "Flagpole" was influencing me) ......ok I am an idiot.

Now for "I love peeps"......we start talking about how he must be associated with letsrun because all of his .....lets just say "questionable" threads stay up forever while others are deleted. Now everyone of them has been zapped.

That draws more attention to the letsrun/I love peeps connection.

Conundrum wrote:

I might be stupid, but for some reason I take Flagpole's stock advice seriously. (I just can't tell anyone that an anonymous letsrun poster named "Flagpole" was influencing me) ......ok I am an idiot.

Now for "I love peeps"......we start talking about how he must be associated with letsrun because all of his .....lets just say "questionable" threads stay up forever while others are deleted. Now everyone of them has been zapped.

That draws more attention to the letsrun/I love peeps connection.

I'm trying to get your point. I really am.

What the heck are you trying to say?

I'm not a racist anymore, I've changed my ways.

Now for all the white people thinking of selling their stocks because they think the market is going to go down...

I can only tell them Obama and Bernanke have the situation under control. Obama has single handedly fixed the economy, made the U.S energy indepedent, expanded credit, and stabilized the housing market.

He has done all this despite being black. So if you want to sell, go ahead, just remember the only reason you're doing it is because you're probably a racist.

Peeps,

Remember when I said some of your ideas were borderline psychotic? Well that's not true anymore, I think you're doing better. You've upgraded to obsessive. All your nonracist posts are a bit ...excessive don't think?

But you are going in the right direction soon you might have another upgrade and just be simply annoying. (Then you would fit right in with the rest of us)

My point,

(1)I'm an idiot for listening to stock advice from letsrun

(2) All of peeps crazy threads were deleted after I asked if he was connected with letsrun. (They had to erase the trail)

I love peeps wrote:

Flagpole I extremely disapointed that you would tell people to sell stocks.

Do you not believe in the job Obama is doing? He is fixing the country and the economy. That is good for stocks. You should be buying.

Beginning with the fact that you are obviously saying your second point facetiously, here are my points to you:

1) No way am I telling people to sell. Just because I say the market will drop is not telling them to sell. That should actually be a BUY signal (unless close to or in retirement) as the market will come back eventually. I tell people to maintain their investment strategy (as long as it involved regular contributions that are unwavering) no matter what happens short term to the market.

2) While I'm an Obama fan, I do not believe that HE is fixing the economy. He is the beneficiary in this point in time of a recovering economy that was sure to happen at some point.

Lyndon Larouche wrote:

[quote]Louie Viviatti wrote:

Flaggy,

You use the DOW instead of the S&P 500 for what reason exactly?[quote]

Indeed. Why?

Why are you two stuck on the s&p 500 and not the Wilshire 5000?

Flagpole wrote:

1) No way am I telling people to sell. Just because I say the market will drop is not telling them to sell. That should actually be a BUY signal (unless close to or in retirement) as the market will come back eventually. I tell people to maintain their investment strategy (as long as it involved regular contributions that are unwavering) no matter what happens short term to the market.

I love it!

The market is due for a big drop and we're taking that as a BUY signal now for the express reason that the market will return to the price you paid now eventually.

FINANCIAL GENIUS!!!

If you are still 10+ years away from retirement and you don't need the extra money right now, then YES, you should be buying no matter what the market is doing short term. If the market drops a LOT, then if you can, you should buy even MORE.When the Dow was at 14,100 in October 2007 and started to drop, there were news stories about how it would be maybe 15 years before the Dow got back to there (and they were calling it "back to even"). Well, that's just BS. I have one non-retirement mutual fund that I no longer add money to...I just let it sit there and grow. The value in that fund is greater today (by a LOT) than it was when the Dow was at 14,100, simply due to reinvested dividends.In the funds I did contribute to, I'm VERY glad today that I bought all the way. I made regular purchases at Dow 12,000, 11,000, 10,000, all the way down to 6,400. When the Dow hits 14,100 again (and it will), then every single purchase I made between October 2007 and then will have been UNDER what will be the current value. When you add in dividends and compounding, it's a no brainer. Removing a huge portion of risk by staying diversified and continuing to buy, and the rewards are always there on the other side of a market dip.

the idiocy continues wrote:

Flagpole wrote:

1) No way am I telling people to sell. Just because I say the market will drop is not telling them to sell. That should actually be a BUY signal (unless close to or in retirement) as the market will come back eventually. I tell people to maintain their investment strategy (as long as it involved regular contributions that are unwavering) no matter what happens short term to the market.

I love it!

The market is due for a big drop and we're taking that as a BUY signal now for the express reason that the market will return to the price you paid now eventually.

FINANCIAL GENIUS!!!

the idiocy continues wrote:

I love it!

The market is due for a big drop and we're taking that as a BUY signal now for the express reason that the market will return to the price you paid now eventually.

FINANCIAL GENIUS!!!

He recommended buying after the drop. It makes perfect sense.

Reading is fundamental wrote:

He recommended buying after the drop. It makes perfect sense.

That would make sense.

Unfortunately he didn't say that. He said, as explained above, to buy at the top and all the way down.

the idiocy continues wrote:

Reading is fundamental wrote:

He recommended buying after the drop. It makes perfect sense.

That would make sense.

Unfortunately he didn't say that. He said, as explained above, to buy at the top and all the way down.

This ^ is correct.

Perhaps "Reading if fundamental" should learn how to read.

is

Flagpole wrote:

Lyndon Larouche wrote:

Indeed. Why?

Gotta pick one of them. Not going to use the NASDAQ, so it's between Dow and S&P 500. Jim Cramer points out the move of the Dow every night on his show with a graphic in the lower right corner, so if it's good enough for a guy with a show, it's good enough for me.

Also, the Dow gets a bad rap when it shouldn't. Lots of dividend-giving stocks in the Dow. I love the Dow. Finally, it takes longer to type S&P 500 than it does Dow, so I go with Dow.

I'm a fan of being debt-free and investing, but can't believe you watch Jim Cramer's idiot show. Buy buy buy!!! He's a fan of so many stocks and there's a new flavor every freaking day it's ridiculous.

As a long-term investor, I'm more of a fan of following Graham and Buffett of value investing where there's less timing involved compared to growth investors like Cramer.

1) Do you mean Jeremy Grantham? I listen to him too.2) I do WATCH Cramer's show. Doesn't mean I do what he says (though, he's more conservative and in line with me than people would think watching his show). Mad Money talks about buying individuals stocks, so he helps people do that. He's very clear though that you do that only after already investing in mutual funds for retirement. He focuses on different stocks each day because he has to for it to be interesting. Can't always say "Caterpillar". Also, he's mostly about best in breed, so if you do that and use the criteria he clearly lays out, you don't even need to watch his show to know what he would suggest. As I don't buy individual stocks though, I just watch his show for entertainment purposes only.