Time to buy the stock market?

[4plexowner]

Dow closed on its November low today

Time to buy some more stocks?

Davelj – you are basing your post on past performance and, as a banker, you should know that past performance is not a guarantee of future performance – in case you haven’t noticed, we are living in unprecedented times – when I first posted that Fannie and Freddie would be nationalized very few people believed that either – if the Fed / Treasury prints enough money to make FDIC and SIPC good for all losses, what will the purchasing power of their guarantees be worth? – and, I don’t care whether anyone believes what I post or not – I find it fairly amusing that people have the opportunity to protect themselves financially but instead choose to enjoy their river front properties on the river denial

[peterb]

Gold and silver miners….it’s not too late.

[peterb]

Gold and silver miners….it’s not too late.

[peterb]

Gold and silver miners….it’s not too late.

[peterb]

Gold and silver miners….it’s not too late.

[peterb]

Gold and silver miners….it’s not too late.

[4plexowner]

here’s one for you davelj

with your extensive knowledge of how the financial system works (yes, I’m being sarcastic), what do you have to say about an electronic run on the money market system in mid-September, 2008?

see this video interview of Representative Paul Kanjorski – about 2:10 minutes in he says that $550 billion was withdrawn in an hour or two

http://www.youtube.com/watch?v=-xKPcyvlfnc

for you to believe that the banking / financial system is still operating the way it did back in RTC days is amusing on the one hand and frightening on the other – you are an insider and should know better than that IMO

[4plexowner]

here’s one for you davelj

with your extensive knowledge of how the financial system works (yes, I’m being sarcastic), what do you have to say about an electronic run on the money market system in mid-September, 2008?

see this video interview of Representative Paul Kanjorski – about 2:10 minutes in he says that $550 billion was withdrawn in an hour or two

http://www.youtube.com/watch?v=-xKPcyvlfnc

for you to believe that the banking / financial system is still operating the way it did back in RTC days is amusing on the one hand and frightening on the other – you are an insider and should know better than that IMO

[4plexowner]

here’s one for you davelj

with your extensive knowledge of how the financial system works (yes, I’m being sarcastic), what do you have to say about an electronic run on the money market system in mid-September, 2008?

see this video interview of Representative Paul Kanjorski – about 2:10 minutes in he says that $550 billion was withdrawn in an hour or two

http://www.youtube.com/watch?v=-xKPcyvlfnc

for you to believe that the banking / financial system is still operating the way it did back in RTC days is amusing on the one hand and frightening on the other – you are an insider and should know better than that IMO

[4plexowner]

here’s one for you davelj

with your extensive knowledge of how the financial system works (yes, I’m being sarcastic), what do you have to say about an electronic run on the money market system in mid-September, 2008?

see this video interview of Representative Paul Kanjorski – about 2:10 minutes in he says that $550 billion was withdrawn in an hour or two

http://www.youtube.com/watch?v=-xKPcyvlfnc

for you to believe that the banking / financial system is still operating the way it did back in RTC days is amusing on the one hand and frightening on the other – you are an insider and should know better than that IMO

[4plexowner]

here’s one for you davelj

with your extensive knowledge of how the financial system works (yes, I’m being sarcastic), what do you have to say about an electronic run on the money market system in mid-September, 2008?

see this video interview of Representative Paul Kanjorski – about 2:10 minutes in he says that $550 billion was withdrawn in an hour or two

http://www.youtube.com/watch?v=-xKPcyvlfnc

for you to believe that the banking / financial system is still operating the way it did back in RTC days is amusing on the one hand and frightening on the other – you are an insider and should know better than that IMO

[stockstradr]

Love this post on Jan 30, from esmith

History (by way of the markets) has responded by doing exactly the OPPOSITE of what he predicted. And that’s no surprise.

He recommended to BUY stocks, but stocks promptly fell (S&P500) by 10%

He recommended to NOT buy gold and gold miners. Gold responded by climbing from $900 to $980 per ounce.

He recommended to BUY the commodity miners that mine the bulk (not precious) materials. Those stocks have tanked.

He thought European stocks were better to buy. Wrong again.

He thought Asian stocks were a smart buy. So far he’s been right on that. (Even a broken clock tells time correctly at two moments each day.)

This is my post for this month. See you next month. I hope you are all short this stock market. If any of you are STILL stupid enough to long stocks in this market, I recommend you simply put your money in your kitchen oven and turn the dial to BROIL. Same effect on your money, but faster.

Here is esmiths’ post (01/30/2009) if you want to have a few laughs:

Wow, some really bad advice in this thread.

We’re 16 months into the recession and 15 months into the bear market. 3.8% annualized GDP decline on front pages of newspapers. Expectations of the worst recession since WW2 fully priced in to the stock market. Unimaginable P/E’s on every corner. Government fully committed to print as much money as necessary to turn things around (spending bills passing even despite every single republican voting against).

If you sell today, a year or two from now you’ll regret it. If you’re all-cash and you don’t go in today at least partially, you’ll regret it too. Buy miners (but not gold!), buy exporters, buy NASDAQ index funds.

Stay away from gold and gold miners. Anything is better than gold: forex, asian stocks, european stocks, even U.S. stocks. Remember about the ticking time bomb which is the 700 metric tons of gold in vaults of GLD, ready to rush into the market when the recession is officially over.

[stockstradr]

Love this post on Jan 30, from esmith

History (by way of the markets) has responded by doing exactly the OPPOSITE of what he predicted. And that’s no surprise.

He recommended to BUY stocks, but stocks promptly fell (S&P500) by 10%

He recommended to NOT buy gold and gold miners. Gold responded by climbing from $900 to $980 per ounce.

He recommended to BUY the commodity miners that mine the bulk (not precious) materials. Those stocks have tanked.

He thought European stocks were better to buy. Wrong again.

He thought Asian stocks were a smart buy. So far he’s been right on that. (Even a broken clock tells time correctly at two moments each day.)

This is my post for this month. See you next month. I hope you are all short this stock market. If any of you are STILL stupid enough to long stocks in this market, I recommend you simply put your money in your kitchen oven and turn the dial to BROIL. Same effect on your money, but faster.

Here is esmiths’ post (01/30/2009) if you want to have a few laughs:

Wow, some really bad advice in this thread.

We’re 16 months into the recession and 15 months into the bear market. 3.8% annualized GDP decline on front pages of newspapers. Expectations of the worst recession since WW2 fully priced in to the stock market. Unimaginable P/E’s on every corner. Government fully committed to print as much money as necessary to turn things around (spending bills passing even despite every single republican voting against).

If you sell today, a year or two from now you’ll regret it. If you’re all-cash and you don’t go in today at least partially, you’ll regret it too. Buy miners (but not gold!), buy exporters, buy NASDAQ index funds.

Stay away from gold and gold miners. Anything is better than gold: forex, asian stocks, european stocks, even U.S. stocks. Remember about the ticking time bomb which is the 700 metric tons of gold in vaults of GLD, ready to rush into the market when the recession is officially over.

[stockstradr]

Love this post on Jan 30, from esmith

History (by way of the markets) has responded by doing exactly the OPPOSITE of what he predicted. And that’s no surprise.

He recommended to BUY stocks, but stocks promptly fell (S&P500) by 10%

He recommended to NOT buy gold and gold miners. Gold responded by climbing from $900 to $980 per ounce.

He recommended to BUY the commodity miners that mine the bulk (not precious) materials. Those stocks have tanked.

He thought European stocks were better to buy. Wrong again.

He thought Asian stocks were a smart buy. So far he’s been right on that. (Even a broken clock tells time correctly at two moments each day.)

This is my post for this month. See you next month. I hope you are all short this stock market. If any of you are STILL stupid enough to long stocks in this market, I recommend you simply put your money in your kitchen oven and turn the dial to BROIL. Same effect on your money, but faster.

Here is esmiths’ post (01/30/2009) if you want to have a few laughs:

Wow, some really bad advice in this thread.

We’re 16 months into the recession and 15 months into the bear market. 3.8% annualized GDP decline on front pages of newspapers. Expectations of the worst recession since WW2 fully priced in to the stock market. Unimaginable P/E’s on every corner. Government fully committed to print as much money as necessary to turn things around (spending bills passing even despite every single republican voting against).

If you sell today, a year or two from now you’ll regret it. If you’re all-cash and you don’t go in today at least partially, you’ll regret it too. Buy miners (but not gold!), buy exporters, buy NASDAQ index funds.

Stay away from gold and gold miners. Anything is better than gold: forex, asian stocks, european stocks, even U.S. stocks. Remember about the ticking time bomb which is the 700 metric tons of gold in vaults of GLD, ready to rush into the market when the recession is officially over.

[stockstradr]

Love this post on Jan 30, from esmith

History (by way of the markets) has responded by doing exactly the OPPOSITE of what he predicted. And that’s no surprise.

He recommended to BUY stocks, but stocks promptly fell (S&P500) by 10%

He recommended to NOT buy gold and gold miners. Gold responded by climbing from $900 to $980 per ounce.

He recommended to BUY the commodity miners that mine the bulk (not precious) materials. Those stocks have tanked.

He thought European stocks were better to buy. Wrong again.

He thought Asian stocks were a smart buy. So far he’s been right on that. (Even a broken clock tells time correctly at two moments each day.)

This is my post for this month. See you next month. I hope you are all short this stock market. If any of you are STILL stupid enough to long stocks in this market, I recommend you simply put your money in your kitchen oven and turn the dial to BROIL. Same effect on your money, but faster.

Here is esmiths’ post (01/30/2009) if you want to have a few laughs:

Wow, some really bad advice in this thread.

We’re 16 months into the recession and 15 months into the bear market. 3.8% annualized GDP decline on front pages of newspapers. Expectations of the worst recession since WW2 fully priced in to the stock market. Unimaginable P/E’s on every corner. Government fully committed to print as much money as necessary to turn things around (spending bills passing even despite every single republican voting against).

If you sell today, a year or two from now you’ll regret it. If you’re all-cash and you don’t go in today at least partially, you’ll regret it too. Buy miners (but not gold!), buy exporters, buy NASDAQ index funds.

Stay away from gold and gold miners. Anything is better than gold: forex, asian stocks, european stocks, even U.S. stocks. Remember about the ticking time bomb which is the 700 metric tons of gold in vaults of GLD, ready to rush into the market when the recession is officially over.

[Author]

Posts