Dow to 4000 ??

[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!

[temeculaguy]

Allan, The problem with ben’s theory is that it is about picking winners, they need to have a growth rate for the formula to work. Don’t worry, I do not act solely on anyone’s advice, just looking for feedback, but it’s just a factor. None of these will grow in the near future, that’s why they are so cheap, the ben’s of the world say no, which is why they are twisting in the wind. I like that theory too, I have the needed money invested like that. But when everyone else runs away, sometimes it plays out to pick up the pieces, these gambles are just plays against bankruptcy. I’m trying to be a grown up here, I have a boys trip coming up with my posse, the gambling fund traditionally ends up on a blackjack table or in a g-string, I’m saving myself from myself by tying most of it up before I go, there is a method to the madness. I do the same with junk food, i buy the stuff I don’t really like then I’m safe from eating it, there is a method to the madness, it’s taken a while but i’ve figured out how to fool myself.

[temeculaguy]

Allan, The problem with ben’s theory is that it is about picking winners, they need to have a growth rate for the formula to work. Don’t worry, I do not act solely on anyone’s advice, just looking for feedback, but it’s just a factor. None of these will grow in the near future, that’s why they are so cheap, the ben’s of the world say no, which is why they are twisting in the wind. I like that theory too, I have the needed money invested like that. But when everyone else runs away, sometimes it plays out to pick up the pieces, these gambles are just plays against bankruptcy. I’m trying to be a grown up here, I have a boys trip coming up with my posse, the gambling fund traditionally ends up on a blackjack table or in a g-string, I’m saving myself from myself by tying most of it up before I go, there is a method to the madness. I do the same with junk food, i buy the stuff I don’t really like then I’m safe from eating it, there is a method to the madness, it’s taken a while but i’ve figured out how to fool myself.

[temeculaguy]

Allan, The problem with ben’s theory is that it is about picking winners, they need to have a growth rate for the formula to work. Don’t worry, I do not act solely on anyone’s advice, just looking for feedback, but it’s just a factor. None of these will grow in the near future, that’s why they are so cheap, the ben’s of the world say no, which is why they are twisting in the wind. I like that theory too, I have the needed money invested like that. But when everyone else runs away, sometimes it plays out to pick up the pieces, these gambles are just plays against bankruptcy. I’m trying to be a grown up here, I have a boys trip coming up with my posse, the gambling fund traditionally ends up on a blackjack table or in a g-string, I’m saving myself from myself by tying most of it up before I go, there is a method to the madness. I do the same with junk food, i buy the stuff I don’t really like then I’m safe from eating it, there is a method to the madness, it’s taken a while but i’ve figured out how to fool myself.

[temeculaguy]

Allan, The problem with ben’s theory is that it is about picking winners, they need to have a growth rate for the formula to work. Don’t worry, I do not act solely on anyone’s advice, just looking for feedback, but it’s just a factor. None of these will grow in the near future, that’s why they are so cheap, the ben’s of the world say no, which is why they are twisting in the wind. I like that theory too, I have the needed money invested like that. But when everyone else runs away, sometimes it plays out to pick up the pieces, these gambles are just plays against bankruptcy. I’m trying to be a grown up here, I have a boys trip coming up with my posse, the gambling fund traditionally ends up on a blackjack table or in a g-string, I’m saving myself from myself by tying most of it up before I go, there is a method to the madness. I do the same with junk food, i buy the stuff I don’t really like then I’m safe from eating it, there is a method to the madness, it’s taken a while but i’ve figured out how to fool myself.

[temeculaguy]

Allan, The problem with ben’s theory is that it is about picking winners, they need to have a growth rate for the formula to work. Don’t worry, I do not act solely on anyone’s advice, just looking for feedback, but it’s just a factor. None of these will grow in the near future, that’s why they are so cheap, the ben’s of the world say no, which is why they are twisting in the wind. I like that theory too, I have the needed money invested like that. But when everyone else runs away, sometimes it plays out to pick up the pieces, these gambles are just plays against bankruptcy. I’m trying to be a grown up here, I have a boys trip coming up with my posse, the gambling fund traditionally ends up on a blackjack table or in a g-string, I’m saving myself from myself by tying most of it up before I go, there is a method to the madness. I do the same with junk food, i buy the stuff I don’t really like then I’m safe from eating it, there is a method to the madness, it’s taken a while but i’ve figured out how to fool myself.

[scaredyclassic]

it’s kind of telling that there’s no real differencebetween throwing some money down on the stock market and throwing some money down on the craps table. wall st. is just another casino. it’s nice to beleive that some combination of intelligence will work, or an ability to identity the wheat from the cahff…but i doubt it’s possible. just pick randomly. the signal to look for that for me means BUY is when the djia is the same as one ounce of gold. dow 2500 gold 2500 an ounce means trade all the gold for stocks. probably sometime in 2011.

[scaredyclassic]

it’s kind of telling that there’s no real differencebetween throwing some money down on the stock market and throwing some money down on the craps table. wall st. is just another casino. it’s nice to beleive that some combination of intelligence will work, or an ability to identity the wheat from the cahff…but i doubt it’s possible. just pick randomly. the signal to look for that for me means BUY is when the djia is the same as one ounce of gold. dow 2500 gold 2500 an ounce means trade all the gold for stocks. probably sometime in 2011.

[scaredyclassic]

it’s kind of telling that there’s no real differencebetween throwing some money down on the stock market and throwing some money down on the craps table. wall st. is just another casino. it’s nice to beleive that some combination of intelligence will work, or an ability to identity the wheat from the cahff…but i doubt it’s possible. just pick randomly. the signal to look for that for me means BUY is when the djia is the same as one ounce of gold. dow 2500 gold 2500 an ounce means trade all the gold for stocks. probably sometime in 2011.

[scaredyclassic]

it’s kind of telling that there’s no real differencebetween throwing some money down on the stock market and throwing some money down on the craps table. wall st. is just another casino. it’s nice to beleive that some combination of intelligence will work, or an ability to identity the wheat from the cahff…but i doubt it’s possible. just pick randomly. the signal to look for that for me means BUY is when the djia is the same as one ounce of gold. dow 2500 gold 2500 an ounce means trade all the gold for stocks. probably sometime in 2011.

[scaredyclassic]

it’s kind of telling that there’s no real differencebetween throwing some money down on the stock market and throwing some money down on the craps table. wall st. is just another casino. it’s nice to beleive that some combination of intelligence will work, or an ability to identity the wheat from the cahff…but i doubt it’s possible. just pick randomly. the signal to look for that for me means BUY is when the djia is the same as one ounce of gold. dow 2500 gold 2500 an ounce means trade all the gold for stocks. probably sometime in 2011.

[poorsaver]

TG, out of your picks, I think Costco and MO are the only survivors. You also need to start reading the market ticker daily, and the accompanying blog, the ticker forum. It’s the best place on the web for advice. Period.
http://market-ticker.denninger.net/
It’s like a Piggington equivalent to the financial markets, with an equally impressive track record.

[poorsaver]

TG, out of your picks, I think Costco and MO are the only survivors. You also need to start reading the market ticker daily, and the accompanying blog, the ticker forum. It’s the best place on the web for advice. Period.
http://market-ticker.denninger.net/
It’s like a Piggington equivalent to the financial markets, with an equally impressive track record.

[poorsaver]

TG, out of your picks, I think Costco and MO are the only survivors. You also need to start reading the market ticker daily, and the accompanying blog, the ticker forum. It’s the best place on the web for advice. Period.
http://market-ticker.denninger.net/
It’s like a Piggington equivalent to the financial markets, with an equally impressive track record.

[poorsaver]

TG, out of your picks, I think Costco and MO are the only survivors. You also need to start reading the market ticker daily, and the accompanying blog, the ticker forum. It’s the best place on the web for advice. Period.
http://market-ticker.denninger.net/
It’s like a Piggington equivalent to the financial markets, with an equally impressive track record.

[Author]

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