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Old 08-10-2011, 01:17 AM   #29
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Originally Posted by Wanabee FTer View Post
I believe there will be a huge market correction and prices will be very slow to rise.
You might want to use a little Windex on your crystal ball
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Old 08-10-2011, 11:07 AM   #30
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Originally Posted by Wayne MD
Does everyone agree, let's keep all the members of congress in congress next election time? It's good for the economy. Gas will continue to go down. The Market will rise. Hey whose throwing those tomatoes at me.
It is time to clean house, from the top down and replace the professional politicians with citizen public servants. Limit the length if a session to 6 mo. And require that the Congressman reside the other 6 mo. In his State/District.
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Old 08-10-2011, 06:15 PM   #31
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You might want to use a little Windex on your crystal ball
Maybe you misunderstood my statement "there will be a huge market correction." When the market dips one day and soars the next, it drives the spec's and short sellers in and out of the game. After it all settles down (a week, month, ?) I expect prices will be down and the spec's will be off somewhere else. Then you will see the true worth of the stock market, and I still feel it will take a considerable amount of time for the market to steadily rise again.
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Old 08-10-2011, 06:53 PM   #32
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Yea, kinda feel sorry for them.
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Old 08-10-2011, 08:53 PM   #33
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Any still thinking this is simply another (yawn...) "business as usual" stock market contortion, really isn't paying attention to the WORLD-WIDE economic picture, as well as the proposed political/economist programs to supposedly "fix" the problem, world-wide.

"Central (controlled!) World Bank"?
"Lowered USA credit rating?
Near record unemployment - and unemployment benefits running out?
Record home foreclosures - with business foreclosures starting to do the same?
Foreign ownership of our monumental debt - and the behind the scenes influence and control these foreign debt owners can - and WILL - now exert on our country at the political level?
Loss of the USA dollar as the World Reserve Currency - and the VAST effect that will have on inflation?

These are NOT "Business as Usual" times - NOR is our USA financial situation likely to be or react ANYTHING like it was in precious decades - individual attempts at beating the stock market are quite likely the same as trying to beat the house in Las Vegas - the odds are NOT in favor of the individual little guys!
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Old 08-11-2011, 12:02 PM   #34
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Those looking for a place to put their cash are rushing to American debt, pushing the interest down. Why , you ask, because it is still the safest currency in the world. Read the papers don't listen to the TV bobble heads.
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Old 08-14-2011, 08:55 PM   #35
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If we could just give another big tax break; I'm sure that money would be reinvested and it would create lots of jobs; and the stock market would soar just like it did when there was a big tax break before.
Thats all I'm going to say; and I'll stick with it.

Oil $84.00 a barrel
Hold on to your hats fellows this is only the beginning.
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Old 08-15-2011, 09:09 AM   #36
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I hope CD's get to 17. Im getting really tired of 1/2 to 1.8.
First: I am not licnesed to sell securities.

However CD's are an interesting investiment, the interest rate has NEVER been equal or greater than the inflation rate at least not in the time I've looked at them.

A conservative investment portfolio (Diversified stocks and bonds) should yeild at least 5%.. with modern risk you can get to 10 or more.

I do not sell securities..... but I have friends who do. If you are interested. There is a warning however when it comes to contacting them which I won't make public since that would also advertise who they are.

At this time my recommendation is caution.... The solution to runaway infltion is recession, and if that happens. Money in the mattress might be the best investment.
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Old 08-15-2011, 09:15 AM   #37
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I got lucky and on 6-08 found 4.63% 5 year CD's. Didn't want to tie it up for that for 5 years but ended up one of the best moves I made. You never know.
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Old 08-15-2011, 10:16 AM   #38
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If we could just give another big tax break; I'm sure that money would be reinvested and it would create lots of jobs; and the stock market would soar just like it did when there was a big tax break before.
Thats all I'm going to say; and I'll stick with it.

Oil $84.00 a barrel
Hold on to your hats fellows this is only the beginning.
Here's what Warren Buffet has to say today about tax rates and investments
http://www.nytimes.com/2011/08/15/op...ness&seid=auto
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