Dow to 4000 ??

[patientrenter]

[quote=ltokuda][quote=barnaby33]On Wall St, early = wrong.
Josh[/quote]

PS predicted that the S&P500 would fall to 600 by the spring of ’07. Obviously, that timing was way off.

But to be fair, PS recommended buying RYURX, which is an inverse S&P500 fund. The S&P500 was at 1301 when she made the call (August 28, 2006). That investment is doing very well, to say the least.

That being said, I’ve read a lot of PS’s posts and she’s not all that credible to me. [/quote]

If ps were a painter, she’d be an impressionist.

[190pounds]

“Isn’t the DOW Jones Industrial average just a short-twitch numerical representation of a bunch of guesses about other people’s assumptions about the financial well-being of an arbitrarily chosen group of 30 out of tens of thousands of possible companies?”

[190pounds]

“Isn’t the DOW Jones Industrial average just a short-twitch numerical representation of a bunch of guesses about other people’s assumptions about the financial well-being of an arbitrarily chosen group of 30 out of tens of thousands of possible companies?”

[190pounds]

“Isn’t the DOW Jones Industrial average just a short-twitch numerical representation of a bunch of guesses about other people’s assumptions about the financial well-being of an arbitrarily chosen group of 30 out of tens of thousands of possible companies?”

[190pounds]

“Isn’t the DOW Jones Industrial average just a short-twitch numerical representation of a bunch of guesses about other people’s assumptions about the financial well-being of an arbitrarily chosen group of 30 out of tens of thousands of possible companies?”

[190pounds]

“Isn’t the DOW Jones Industrial average just a short-twitch numerical representation of a bunch of guesses about other people’s assumptions about the financial well-being of an arbitrarily chosen group of 30 out of tens of thousands of possible companies?”

[temeculaguy]

Josh or anyone else please chime in, when it hits 6k or 5k or 4k, is any of it a signal to buy? Ignoring the dow and the s&p per se, is there a date or a circumstance that you see a moderate term (1-5 years) stock play that is a value. As hammered as some stocks are, picking up something for 10 cents on the dollar (albeit that dollar was an inflated value) as a deal.

Like many people, I have my investments spread around in different areas and in different accounts, but I have one that is my pure gambling fund. The 401k, the cash reserves, the canned food, the ammo, the water, all that is covered. I’ve got 5 or 6k in the gambling fund that I thought I might play with on etrade. Just realize that this money, if lost isn’t going to prevent me from eating, the gambling fund is reserved for vegas, strip clubs, golf weekends, you know, things I can and probably should live without. Success with stocks out of the gambling fund will just finance more debauchery but play along wont you. Assuming 5 different 1k purchases, what are your thoughts on these stocks: Harley Davidson, GE, Ford, Costco, Phillip Morris, and Hovnanian.

Which one would you drop from the list?

I know they are all in the crapper, some may not survive the year. If a single one returns to glory it would cover the other 4 (with the exception of costco and PM, they are only down by half, the others are small fractions of their previous value). Harley and GE have P/E’s of like 3, costco actually had higher sales recently yet has gotten beaten up just because it is a traded stock, cigarettes in foriegn countries, winner, winner, chicken dinner. I think ford may make it, their new hybrids look impressive, maybe they will understand just in time. I think hovnanian homes as a penny stock is worth a look. While I don’t own a harley, their brand loyalty amongst their customers is unparalleled, it’s like a cult, they literally will stop being friends with someone for purchasing another brand, I just don’t see them vanishing from the planet in my lifetime.

So there are my bottom feeder picks, they are all in the crapper right now and going lower every day, fast. At dow 6000, dow 4000, or whatever, what do you think of these gambles? Let’s just say that the country doesn’t end up a nuclear wasteland, some companies will survive on the other side, any ideas on which ones and no safe plays, keep the gambling fund ideals in mind.

[temeculaguy]

Josh or anyone else please chime in, when it hits 6k or 5k or 4k, is any of it a signal to buy? Ignoring the dow and the s&p per se, is there a date or a circumstance that you see a moderate term (1-5 years) stock play that is a value. As hammered as some stocks are, picking up something for 10 cents on the dollar (albeit that dollar was an inflated value) as a deal.

Like many people, I have my investments spread around in different areas and in different accounts, but I have one that is my pure gambling fund. The 401k, the cash reserves, the canned food, the ammo, the water, all that is covered. I’ve got 5 or 6k in the gambling fund that I thought I might play with on etrade. Just realize that this money, if lost isn’t going to prevent me from eating, the gambling fund is reserved for vegas, strip clubs, golf weekends, you know, things I can and probably should live without. Success with stocks out of the gambling fund will just finance more debauchery but play along wont you. Assuming 5 different 1k purchases, what are your thoughts on these stocks: Harley Davidson, GE, Ford, Costco, Phillip Morris, and Hovnanian.

Which one would you drop from the list?

I know they are all in the crapper, some may not survive the year. If a single one returns to glory it would cover the other 4 (with the exception of costco and PM, they are only down by half, the others are small fractions of their previous value). Harley and GE have P/E’s of like 3, costco actually had higher sales recently yet has gotten beaten up just because it is a traded stock, cigarettes in foriegn countries, winner, winner, chicken dinner. I think ford may make it, their new hybrids look impressive, maybe they will understand just in time. I think hovnanian homes as a penny stock is worth a look. While I don’t own a harley, their brand loyalty amongst their customers is unparalleled, it’s like a cult, they literally will stop being friends with someone for purchasing another brand, I just don’t see them vanishing from the planet in my lifetime.

So there are my bottom feeder picks, they are all in the crapper right now and going lower every day, fast. At dow 6000, dow 4000, or whatever, what do you think of these gambles? Let’s just say that the country doesn’t end up a nuclear wasteland, some companies will survive on the other side, any ideas on which ones and no safe plays, keep the gambling fund ideals in mind.

[temeculaguy]

Josh or anyone else please chime in, when it hits 6k or 5k or 4k, is any of it a signal to buy? Ignoring the dow and the s&p per se, is there a date or a circumstance that you see a moderate term (1-5 years) stock play that is a value. As hammered as some stocks are, picking up something for 10 cents on the dollar (albeit that dollar was an inflated value) as a deal.

Like many people, I have my investments spread around in different areas and in different accounts, but I have one that is my pure gambling fund. The 401k, the cash reserves, the canned food, the ammo, the water, all that is covered. I’ve got 5 or 6k in the gambling fund that I thought I might play with on etrade. Just realize that this money, if lost isn’t going to prevent me from eating, the gambling fund is reserved for vegas, strip clubs, golf weekends, you know, things I can and probably should live without. Success with stocks out of the gambling fund will just finance more debauchery but play along wont you. Assuming 5 different 1k purchases, what are your thoughts on these stocks: Harley Davidson, GE, Ford, Costco, Phillip Morris, and Hovnanian.

Which one would you drop from the list?

I know they are all in the crapper, some may not survive the year. If a single one returns to glory it would cover the other 4 (with the exception of costco and PM, they are only down by half, the others are small fractions of their previous value). Harley and GE have P/E’s of like 3, costco actually had higher sales recently yet has gotten beaten up just because it is a traded stock, cigarettes in foriegn countries, winner, winner, chicken dinner. I think ford may make it, their new hybrids look impressive, maybe they will understand just in time. I think hovnanian homes as a penny stock is worth a look. While I don’t own a harley, their brand loyalty amongst their customers is unparalleled, it’s like a cult, they literally will stop being friends with someone for purchasing another brand, I just don’t see them vanishing from the planet in my lifetime.

So there are my bottom feeder picks, they are all in the crapper right now and going lower every day, fast. At dow 6000, dow 4000, or whatever, what do you think of these gambles? Let’s just say that the country doesn’t end up a nuclear wasteland, some companies will survive on the other side, any ideas on which ones and no safe plays, keep the gambling fund ideals in mind.

[temeculaguy]

Josh or anyone else please chime in, when it hits 6k or 5k or 4k, is any of it a signal to buy? Ignoring the dow and the s&p per se, is there a date or a circumstance that you see a moderate term (1-5 years) stock play that is a value. As hammered as some stocks are, picking up something for 10 cents on the dollar (albeit that dollar was an inflated value) as a deal.

Like many people, I have my investments spread around in different areas and in different accounts, but I have one that is my pure gambling fund. The 401k, the cash reserves, the canned food, the ammo, the water, all that is covered. I’ve got 5 or 6k in the gambling fund that I thought I might play with on etrade. Just realize that this money, if lost isn’t going to prevent me from eating, the gambling fund is reserved for vegas, strip clubs, golf weekends, you know, things I can and probably should live without. Success with stocks out of the gambling fund will just finance more debauchery but play along wont you. Assuming 5 different 1k purchases, what are your thoughts on these stocks: Harley Davidson, GE, Ford, Costco, Phillip Morris, and Hovnanian.

Which one would you drop from the list?

I know they are all in the crapper, some may not survive the year. If a single one returns to glory it would cover the other 4 (with the exception of costco and PM, they are only down by half, the others are small fractions of their previous value). Harley and GE have P/E’s of like 3, costco actually had higher sales recently yet has gotten beaten up just because it is a traded stock, cigarettes in foriegn countries, winner, winner, chicken dinner. I think ford may make it, their new hybrids look impressive, maybe they will understand just in time. I think hovnanian homes as a penny stock is worth a look. While I don’t own a harley, their brand loyalty amongst their customers is unparalleled, it’s like a cult, they literally will stop being friends with someone for purchasing another brand, I just don’t see them vanishing from the planet in my lifetime.

So there are my bottom feeder picks, they are all in the crapper right now and going lower every day, fast. At dow 6000, dow 4000, or whatever, what do you think of these gambles? Let’s just say that the country doesn’t end up a nuclear wasteland, some companies will survive on the other side, any ideas on which ones and no safe plays, keep the gambling fund ideals in mind.

[temeculaguy]

Josh or anyone else please chime in, when it hits 6k or 5k or 4k, is any of it a signal to buy? Ignoring the dow and the s&p per se, is there a date or a circumstance that you see a moderate term (1-5 years) stock play that is a value. As hammered as some stocks are, picking up something for 10 cents on the dollar (albeit that dollar was an inflated value) as a deal.

Like many people, I have my investments spread around in different areas and in different accounts, but I have one that is my pure gambling fund. The 401k, the cash reserves, the canned food, the ammo, the water, all that is covered. I’ve got 5 or 6k in the gambling fund that I thought I might play with on etrade. Just realize that this money, if lost isn’t going to prevent me from eating, the gambling fund is reserved for vegas, strip clubs, golf weekends, you know, things I can and probably should live without. Success with stocks out of the gambling fund will just finance more debauchery but play along wont you. Assuming 5 different 1k purchases, what are your thoughts on these stocks: Harley Davidson, GE, Ford, Costco, Phillip Morris, and Hovnanian.

Which one would you drop from the list?

I know they are all in the crapper, some may not survive the year. If a single one returns to glory it would cover the other 4 (with the exception of costco and PM, they are only down by half, the others are small fractions of their previous value). Harley and GE have P/E’s of like 3, costco actually had higher sales recently yet has gotten beaten up just because it is a traded stock, cigarettes in foriegn countries, winner, winner, chicken dinner. I think ford may make it, their new hybrids look impressive, maybe they will understand just in time. I think hovnanian homes as a penny stock is worth a look. While I don’t own a harley, their brand loyalty amongst their customers is unparalleled, it’s like a cult, they literally will stop being friends with someone for purchasing another brand, I just don’t see them vanishing from the planet in my lifetime.

So there are my bottom feeder picks, they are all in the crapper right now and going lower every day, fast. At dow 6000, dow 4000, or whatever, what do you think of these gambles? Let’s just say that the country doesn’t end up a nuclear wasteland, some companies will survive on the other side, any ideas on which ones and no safe plays, keep the gambling fund ideals in mind.

[Allan from Fallbrook]

TG: Given the amount of uncertainty out there, as well as the fact that nearly all financial reporters are either shills or idiots, I’d fall back on the tried and true methods of valuation. I’m a big fan of Ben Graham (“The Intelligent Investor”) and while I generally shy away from the stock market, when I do invest, I use his valuation tool to do so. Link to it is found below:

http://www.moneychimp.com/articles/valuation/graham.htm

I’ve found that most financial/company advice, even when well meaning, is wrong and it’s best to fall back on a tool you know you can trust.

My background is corporate finance and accounting, including handling a good size institutional portfolio for the company I worked. I’ve seen some of the prognostications on this board and they’ve ranged from excellent to idiotic. There is a huge difference between investing and trading and there are undoubtedly some excellent long-term value plays out there, but DO YOUR RESEARCH.

And don’t listen to anyone who fancies themselves a trader. These clowns inevitably make money in the short-term and crow about it to anyone who will listen, but they lose their ass over the long haul. Just like Vegas, baby, the house always wins!

[Allan from Fallbrook]

TG: Given the amount of uncertainty out there, as well as the fact that nearly all financial reporters are either shills or idiots, I’d fall back on the tried and true methods of valuation. I’m a big fan of Ben Graham (“The Intelligent Investor”) and while I generally shy away from the stock market, when I do invest, I use his valuation tool to do so. Link to it is found below:

http://www.moneychimp.com/articles/valuation/graham.htm

I’ve found that most financial/company advice, even when well meaning, is wrong and it’s best to fall back on a tool you know you can trust.

My background is corporate finance and accounting, including handling a good size institutional portfolio for the company I worked. I’ve seen some of the prognostications on this board and they’ve ranged from excellent to idiotic. There is a huge difference between investing and trading and there are undoubtedly some excellent long-term value plays out there, but DO YOUR RESEARCH.

And don’t listen to anyone who fancies themselves a trader. These clowns inevitably make money in the short-term and crow about it to anyone who will listen, but they lose their ass over the long haul. Just like Vegas, baby, the house always wins!

[Allan from Fallbrook]

TG: Given the amount of uncertainty out there, as well as the fact that nearly all financial reporters are either shills or idiots, I’d fall back on the tried and true methods of valuation. I’m a big fan of Ben Graham (“The Intelligent Investor”) and while I generally shy away from the stock market, when I do invest, I use his valuation tool to do so. Link to it is found below:

http://www.moneychimp.com/articles/valuation/graham.htm

I’ve found that most financial/company advice, even when well meaning, is wrong and it’s best to fall back on a tool you know you can trust.

My background is corporate finance and accounting, including handling a good size institutional portfolio for the company I worked. I’ve seen some of the prognostications on this board and they’ve ranged from excellent to idiotic. There is a huge difference between investing and trading and there are undoubtedly some excellent long-term value plays out there, but DO YOUR RESEARCH.

And don’t listen to anyone who fancies themselves a trader. These clowns inevitably make money in the short-term and crow about it to anyone who will listen, but they lose their ass over the long haul. Just like Vegas, baby, the house always wins!

[Allan from Fallbrook]

TG: Given the amount of uncertainty out there, as well as the fact that nearly all financial reporters are either shills or idiots, I’d fall back on the tried and true methods of valuation. I’m a big fan of Ben Graham (“The Intelligent Investor”) and while I generally shy away from the stock market, when I do invest, I use his valuation tool to do so. Link to it is found below:

http://www.moneychimp.com/articles/valuation/graham.htm

I’ve found that most financial/company advice, even when well meaning, is wrong and it’s best to fall back on a tool you know you can trust.

My background is corporate finance and accounting, including handling a good size institutional portfolio for the company I worked. I’ve seen some of the prognostications on this board and they’ve ranged from excellent to idiotic. There is a huge difference between investing and trading and there are undoubtedly some excellent long-term value plays out there, but DO YOUR RESEARCH.

And don’t listen to anyone who fancies themselves a trader. These clowns inevitably make money in the short-term and crow about it to anyone who will listen, but they lose their ass over the long haul. Just like Vegas, baby, the house always wins!

[Author]

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