About 18 months ago I started seeing the trouble developing in the market and started moving all of my money into "Safe" investments ... The worst thing someone can do in a market like this is to panic and (suddenly) switch their money because their investments are dropping; in a couple of weeks the market will rebound (to some extent) which would be a good time to switch your investments.
If you’re looking to make money, any of the inverse index ETFs should double your money by the time this is over. But of course if those stock market bulls are right, and we’re not going into a recession, then there is risk that you will lose money.
| HappySqurriel said:
About 18 months ago I started seeing the trouble developing in the market and started moving all of my money into "Safe" investments ... The worst thing someone can do in a market like this is to panic and (suddenly) switch their money because their investments are dropping; in a couple of weeks the market will rebound (to some extent) which would be a good time to switch your investments. |
You make it sound like the market is in familiar territory.
No, there is plenty of reason to be worried. Most analysts think that this has the potential to be as bad as The Great Depression.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
Ah yes, the joys of not having a stock portfolio. My fix interest rate money is still providing the goods.
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Damn.
God, I hope there is no great depression again.
| super_etecoon said: You make it sound like the market is in familiar territory.
|
The market is an irrational system where people react based on emotion and as a result we are in (very) familiar territory ...
Right now there are tons of people who are in panic mode, and are selling off all of their investments because they don't know what is going to happen next. Over the next couple of weeks there (probably) won't be any more (major) news in the financial market and bargain hunters will start buying investments which will raise their value; soon after that the reports that the "worst is behind us" will come out and the market will rise further.
Your investments may not return to their previous value, but it is likely they will rise enough to be worth the wait; althoug (as always) their is the risk of further troubles.
I guess I just have a more pessimistic view of the economy, Happy.
I think this is only the beginning. I also think that a few companies with good leverage are going to swoop in and gobble up what's left and we're going to be headed even further down the road of disguised corporate monopoly.
You've gotta love free market economy with the "appearance" of regulation. Trust me...these bailouts from the government are benefiting a very few private individuals who will walk out of this disaster like kings.
And government/taxpayers will have to bear the burden.
I have no idea who is going to get rich....but I know the government doesn't take this kind of bold action without at least a few major players getting a piece of the pie.
| super_etecoon said: I guess I just have a more pessimistic view of the economy, Happy. I think this is only the beginning. I also think that a few companies with good leverage are going to swoop in and gobble up what's left and we're going to be headed even further down the road of disguised corporate monopoly. You've gotta love free market economy with the "appearance" of regulation. Trust me...these bailouts from the government are benefiting a very few private individuals who will walk out of this disaster like kings. And government/taxpayers will have to bear the burden. I have no idea who is going to get rich....but I know the government doesn't take this kind of bold action without at least a few major players getting a piece of the pie. |
I think the same people that made billions by giving out faulty loans will make another billions.
government officials will make money cause the billionaire will contribute to them, and we are left to suffer.
I think its gone to shit, SO glad i got my money out on mon, now GS has dropped very fast.
Mon - 150 > 135, Tue - 120 > 134, Wed - 120 > 100, Thurs - bad > really bad, Frid - GS sale, everything must go
“When we make some new announcement and if there is no positive initial reaction from the market, I try to think of it as a good sign because that can be interpreted as people reacting to something groundbreaking. ...if the employees were always minding themselves to do whatever the market is requiring at any moment, and if they were always focusing on something we can sell right now for the short term, it would be very limiting. We are trying to think outside the box.” - Satoru Iwata - This is why corporate multinationals will never truly understand, or risk doing, what Nintendo does.
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