Value Boats and the DJIA
 

When I made my clairvoyent post on 9/25/08 about considering buying value
boats for retirement the DJIA stood at 11,000. Today, just over 2 weeks
later the DJIA is near 8,000 a drop of about 30%. For the year the DJIA is
down about 5,000 or about 40%.

If your retirement income is tied to the DJIA you've seen it drop 40% this
year alone. Imagine 10 years of retirement savings up in smoke. That's 20
years of retirement you won't have.

It looks like some of you may have a retirement other than what you planned
for. Decades of thrift and savings went away. The guy who lived high on the
hog and high in debt may even be better off than you, a bankruptcy wiped out
his excesses of the past.

What went wrong? Who is to blame? There's just too much money, so it is
going away, only to reappear at the outputs of government printing presses.
(Same amount, different owners)

As you ponder that, think of the brilliant Capt Neal. He has his reitrement
boat. He has his retirement. He is immune from the current crisis. It may be
too late for some of you but there are those for whom it isn't. Follow the
lead and sound philosophy of the good Capt Neal and a world of untold wealth
will be yours.

Capt Neal, a man whose life rings truer with each passing colossal
boondoogle of a socialist society.

Value Boats and the DJIA
 

"Gogarty" wrote in message
...
In article , says...
When I made my clairvoyent post on 9/25/08 about considering buying value
boats for retirement the DJIA stood at 11,000. Today, just over 2 weeks
later the DJIA is near 8,000 a drop of about 30%. For the year the DJIA is
down about 5,000 or about 40%.

If your retirement income is tied to the DJIA you've seen it drop 40% this
year alone. Imagine 10 years of retirement savings up in smoke. That's 20
years of retirement you won't have.

It looks like some of you may have a retirement other than what you
planned
for. Decades of thrift and savings went away. The guy who lived high on
the
hog and high in debt may even be better off than you, a bankruptcy wiped
out
his excesses of the past.

What went wrong? Who is to blame? There's just too much money, so it is
going away, only to reappear at the outputs of government printing
presses.
(Same amount, different owners)

As you ponder that, think of the brilliant Capt Neal. He has his
reitrement
boat. He has his retirement. He is immune from the current crisis. It may
be
too late for some of you but there are those for whom it isn't. Follow the
lead and sound philosophy of the good Capt Neal and a world of untold
wealth
will be yours.

Capt Neal, a man whose life rings truer with each passing colossal
boondoogle of a socialist society.


It wasn't socialism that crashed but capitalism. Ironically, the gummint
now
has to resort to socialism to try to fill the hole in the dike.


You should listen closer to Mr. Momsen. He is 100% correct. He must be a
libertarian or something close to one. He hasn't been fooled by government
hype and brainwashing. He stands upon a sound financial foundation of
understanding. He is also correct about the Good Captain who is off
cruising the world without a care in the world. He's my hero! Everybody
should be so cool.

Capitalism has not "crashed." Capitalism has only cycled. Every sane man
who has a clue about economics realizes that capitalism and the free-market
system goes in cycles. Boom and bust boom and bust. That's how it works. The
smart investor knows this and works capitalism just like good sailors work
the tides. The tides ebb and flow, ebb and flow. You learn to not buck the
tide.

A smart investor learns to not buck the economic cycles of capitalism. The
present down cycle will be recovered from pretty fast considering all the
measures the government has taken of late to lift it back up. It will
rebound even higher than it was at it's stock market peak. I look for it to
rebound within two or three years to a Dow of 15-16 thousand. But, a word of
advise. This artificial manipulation of the economic cycles by the
government is going to result in the next downturn to be completely fatal.
There's nothing they will be able to do to keep the next downturn from
wiping out the world economy and plunging the planet into another dark age.
Mark my words.

So, if you have any money left, invest it now. I would recommend exchange
traded fund accounts. ETF's have definite advantages over mutual funds. Live
like a king between now and about 2018. That's when the ride will go off the
cliff.

I've just put my money where my mouth is. I've just plowed 2 mill from cash
reserves to an ETF which transaction is to take place at the end of today's
trading session. I'm hoping for another very down day because the stock
market is very close to reaching bottom and it will be up from there. I
could easily realize a 40% increase in the value of my fund within two
years.

So, the deeper lesson is buy low, sell high and never forget it.

Wilbur Hubbard

Value Boats and the DJIA
 

"Wilbur Hubbard" wrote in message
anews.com...

You should listen closer to Mr. Momsen. He is 100% correct. He must be a
libertarian or something close to one. He hasn't been fooled by government
hype and brainwashing. He stands upon a sound financial foundation of
understanding. He is also correct about the Good Captain who is off
cruising the world without a care in the world. He's my hero! Everybody
should be so cool.

Capitalism has not "crashed." Capitalism has only cycled. Every sane man
who has a clue about economics realizes that capitalism and the
free-market system goes in cycles. Boom and bust boom and bust. That's how
it works. The smart investor knows this and works capitalism just like
good sailors work the tides. The tides ebb and flow, ebb and flow. You
learn to not buck the tide.

A smart investor learns to not buck the economic cycles of capitalism. The
present down cycle will be recovered from pretty fast considering all the
measures the government has taken of late to lift it back up. It will
rebound even higher than it was at it's stock market peak. I look for it
to rebound within two or three years to a Dow of 15-16 thousand. But, a
word of advise. This artificial manipulation of the economic cycles by the
government is going to result in the next downturn to be completely fatal.
There's nothing they will be able to do to keep the next downturn from
wiping out the world economy and plunging the planet into another dark
age. Mark my words.

So, if you have any money left, invest it now. I would recommend exchange
traded fund accounts. ETF's have definite advantages over mutual funds.
Live like a king between now and about 2018. That's when the ride will go
off the cliff.

I've just put my money where my mouth is. I've just plowed 2 mill from
cash reserves to an ETF which transaction is to take place at the end of
today's trading session. I'm hoping for another very down day because the
stock market is very close to reaching bottom and it will be up from
there. I could easily realize a 40% increase in the value of my fund
within two years.

So, the deeper lesson is buy low, sell high and never forget it.

Wilbur Hubbard

I see you must be growing your own pot back in that mostiquo infested swamp.
Might be a good way to spend the next few years.....assuming that post
office pension is safe.

Value Boats and the DJIA
 

On Fri, 10 Oct 2008 09:59:17 -0400, Gogarty wrote:

It wasn't socialism that crashed but capitalism. Ironically, the gummint
now has to resort to socialism to try to fill the hole in the dike.

yes and some are now referring to it as the U.S.S.A i.e, the United
Socialist States of America...kinda catchy doncha think?

Value Boats and the DJIA
 

Gogarty wrote:

It wasn't socialism that crashed but capitalism. Ironically, the gummint now
has to resort to socialism to try to fill the hole in the dike.


Actually, it was socialism, in the form of pressuring lenders to make
loans to those unfit to pay them, that brought down capitalism. And
when did this program start? 1996 under the "Community Reinvestment
Act" under Clinton. Fannie and Fredie helped fuel the fire when the CEO
compensation package bonus program was tied to the total amount of loans
these organizations bought. So the CEOs just bought everything in sight
regardless of its value of level of risk. Then they bailed, got the
boot or were pressured into resigning.

Bush came into office and didn't address the problem, didn't tighten
regulation. Congress wasn't interested in fixing the problem because
they had their hands in the pockets of Fannie and Freddie.

We're in a credit freeze because the mortgage-based assets don't have
the value they did when the loans were made.

Now we're in a "rescue program" mentality. The promised profits from
the sale of these toxic assets will NOT be returned to the taxpayers
that funded the bailout, but will go to new spending projects. Read the
rescue bill that Bush signed. Its very enlightening.

Banker Bill

Value Boats and the DJIA
 

Gogarty wrote:

It wasn't socialism that crashed but capitalism. Ironically, the gummint now
has to resort to socialism to try to fill the hole in the dike.

Peaceful Bill wrote:
Actually, it was socialism, in the form of pressuring lenders to make
loans to those unfit to pay them, that brought down capitalism.

Is this a re-run?

How did "pressuring lenders to make loans to those unfit to pay them"
force Wall St corporate banks to extend their leverage on CDOs and
similar vehicles of unassessed risk?

Seems to me like the gripe is legit about 'privatising profit while
socialising risk.' And if you look carefully, instead of just
listening to the fascist tub-thumpers, you'll see that our neighbor to
the North has far less of a problem with their banks.

DSK

Value Boats and the DJIA
 

Value Boats and the DJIA
 

"Gogarty" wrote in message
...
In article ,
says...

Yeah, Canada is a world leader in economics and banking. All five banks.

Yep. All five SOUND banks. Used to be 15,000 individual banks in the USA.
They
were kept honest by their local regulators and since the '30s were
forbidden
to be investment banks. In many states, i.e., Texas and Illinois, they
were
not even permitted to have branches and a stand-alone ATM was considered a
branch.It worked just fine. But the ABA finally prevailed on the
Republicans
to repeal Glass/Steagall, lots of other stuff went by the board (boat
reference) and the rest is disaster. You can quibbble about the details
but
that's the long and the short of it. So now you have the surviving
investment
banks turning themselves into deposit-taking commercial banks for their
own
protection -- under much more stringent regulation. They have fled to the
protective embrace of -- can it really be? -- THE GUMMINT!



When in doubt, blame the Democrats. That's the right-wingnuts' mantra... I
think they think it had something to do with Bill Clinton's blow job.

--
"j" ganz @@
www.sailnow.com

Value Boats and the DJIA
 

On Fri, 10 Oct 2008 12:14:40 -0500, Peaceful Bill wrote:

You clearly can't see the connection. So there's no point in wasting my
time on explaining it to you.

it appears that you would like him to see your concocted
connection...but...

Yeah, Canada is a world leader in economics and banking. All five
banks.

name one of the banks in danger of failing?


....

waiting...

Value Boats and the DJIA
 

mister b wrote:
On Fri, 10 Oct 2008 12:14:40 -0500, Peaceful Bill wrote:

You clearly can't see the connection. So there's no point in wasting my
time on explaining it to you.

it appears that you would like him to see your concocted
connection...but...

Yeah, Canada is a world leader in economics and banking. All five
banks.

name one of the banks in danger of failing?

Interesting that you should post this today, The World Economic Forum
just rated Canada's banks as the soundest in the world, ahead of Sweden.

http://www.reuters.com/article/ousiv...4981X220081009

USA, #40, behind Namibia for crying out lout! Great Britain? 44th!


Cheers
Martin